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Thai (SET) Electrical Industry Analysis
UpdatedMay 31, 2026
DataAggregated Company Financials
Companies15
- 7D11.1%
- 3M23.6%
- 1Y26.8%
- YTD31.2%
In the last week, the Electrical industry is up 11%, with Charoong Thai Wire and Cable up 44%. This takes the industry's 12 month performance to a gain of 27%. Looking forward, earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Thai Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | ฿21.4b | ฿29.3b | ฿1.3b | 10.5x | 16.8x | 0.7x |
| Tue, 28 Apr 2026 | ฿17.8b | ฿28.0b | ฿969.3m | 10.3x | 18.4x | 0.6x |
| Thu, 26 Mar 2026 | ฿17.1b | ฿28.0b | ฿969.3m | 10.1x | 17.7x | 0.6x |
| Sat, 21 Feb 2026 | ฿17.2b | ฿28.5b | ฿1.5b | 9.7x | 11.3x | 0.6x |
| Mon, 19 Jan 2026 | ฿16.1b | ฿28.6b | ฿1.6b | 8.7x | 10.3x | 0.6x |
| Wed, 17 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.7x | 10.4x | 0.6x |
| Fri, 14 Nov 2025 | ฿16.6b | ฿28.9b | ฿1.7b | 8.9x | 10x | 0.6x |
| Sun, 12 Oct 2025 | ฿17.6b | ฿29.7b | ฿1.8b | 9.7x | 9.5x | 0.6x |
| Tue, 09 Sep 2025 | ฿17.4b | ฿29.7b | ฿1.8b | 9.7x | 9.4x | 0.6x |
| Thu, 07 Aug 2025 | ฿17.3b | ฿30.5b | ฿1.6b | 9.7x | 10.7x | 0.6x |
| Sat, 05 Jul 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.6x | 10.6x | 0.6x |
| Mon, 02 Jun 2025 | ฿16.8b | ฿30.5b | ฿1.6b | 9.6x | 10.4x | 0.5x |
| Wed, 30 Apr 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11x | 10x | 0.6x |
| Fri, 28 Mar 2025 | ฿17.7b | ฿31.1b | ฿1.7b | 11.2x | 10.1x | 0.6x |
| Sun, 23 Feb 2025 | ฿18.5b | ฿31.4b | ฿1.8b | 11.4x | 10.4x | 0.6x |
| Tue, 21 Jan 2025 | ฿19.1b | ฿31.3b | ฿1.7b | 12.2x | 11.3x | 0.6x |
| Thu, 19 Dec 2024 | ฿20.9b | ฿31.3b | ฿1.7b | 12.9x | 12.3x | 0.7x |
| Sat, 16 Nov 2024 | ฿20.7b | ฿30.3b | ฿1.5b | 11.9x | 13.5x | 0.7x |
| Mon, 14 Oct 2024 | ฿21.8b | ฿30.1b | ฿1.5b | 12x | 14.2x | 0.7x |
| Wed, 11 Sep 2024 | ฿20.9b | ฿30.1b | ฿1.5b | 11.9x | 13.6x | 0.7x |
| Fri, 09 Aug 2024 | ฿19.6b | ฿29.1b | ฿1.5b | 12.1x | 12.9x | 0.7x |
| Sun, 07 Jul 2024 | ฿21.5b | ฿29.1b | ฿1.5b | 13x | 14.1x | 0.7x |
| Tue, 04 Jun 2024 | ฿21.4b | ฿29.1b | ฿1.5b | 13.4x | 14.6x | 0.7x |
| Thu, 02 May 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 11.7x | 14.2x | 0.7x |
| Sat, 30 Mar 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.1x | 14.4x | 0.7x |
| Mon, 26 Feb 2024 | ฿19.3b | ฿28.5b | ฿1.3b | 12.7x | 15.4x | 0.7x |
| Wed, 24 Jan 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.6x | 17x | 0.7x |
| Fri, 22 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.1x | 16.4x | 0.7x |
| Sun, 19 Nov 2023 | ฿18.6b | ฿27.8b | ฿1.1b | 14.2x | 16.3x | 0.7x |
| Tue, 17 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 15.2x | 23.2x | 0.7x |
| Thu, 14 Sep 2023 | ฿21.1b | ฿28.6b | ฿840.4m | 16.6x | 25.1x | 0.7x |
| Sat, 12 Aug 2023 | ฿20.4b | ฿28.9b | ฿917.9m | 16.7x | 22.2x | 0.7x |
| Mon, 10 Jul 2023 | ฿16.3b | ฿23.8b | ฿641.3m | 19.7x | 25.4x | 0.7x |
| Wed, 07 Jun 2023 | ฿19.9b | ฿53.0b | ฿3.8b | 17.1x | 5.3x | 0.4x |
Price to Earnings Ratio
5.3x
Current Industry PE
- Investors are optimistic on the Thai Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 14.1x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 30% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 1.95% | |
| Industrials | 4.63% | |
| Electrical | 11.15% | |
| Electrical Components | 11.16% | |
| Heavy Electrical Equipment | 11.11% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings growth of 12.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 34% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CTW Charoong Thai Wire and Cable | ฿6.05 | 44.0% +฿736.1m | 113.0% | PE10.5x | |
| ASEFA Asefa | ฿5.35 | 17.3% +฿408.3m | 59.2% | PE9.5x | |
| PCC Precise Corporation | ฿3.00 | 11.1% +฿368.0m | 19.0% | PE9.1x | |
| QTC QTC Energy | ฿4.44 | 25.4% +฿307.0m | 23.3% | PE108.1x | |
| KJL Kijcharoen Engineering Electric | ฿6.00 | 4.3% +฿58.0m | -7.0% | PE11.4x |