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Thai (SET) Electrical Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies15
- 7D0.6%
- 3M-3.6%
- 1Y-15.4%
- YTD-0.2%
The Electrical is pretty flat in the last 7 days, but Light Up Total Solution has stood out, gaining 15%. As for the longer term, the industry has declined 15% in the last year. Earnings are forecast to grow by 17% 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, 01 Feb 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 9x | 10.4x | 0.6x |
| Tue, 30 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Thu, 27 Nov 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.7x | 10x | 0.6x |
| Sat, 25 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Mon, 22 Sep 2025 | ฿17.8b | ฿29.7b | ฿1.8b | 9.9x | 9.6x | 0.6x |
| Wed, 20 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.7x | 9.3x | 0.6x |
| Fri, 18 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.7x | 10.6x | 0.6x |
| Sun, 15 Jun 2025 | ฿16.7b | ฿30.5b | ฿1.6b | 9.5x | 10.4x | 0.5x |
| Tue, 13 May 2025 | ฿17.6b | ฿31.1b | ฿1.8b | 11.2x | 10x | 0.6x |
| Thu, 10 Apr 2025 | ฿16.4b | ฿31.1b | ฿1.7b | 10.6x | 9.4x | 0.5x |
| Sat, 08 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.7b | 11.5x | 10.3x | 0.6x |
| Mon, 03 Feb 2025 | ฿19.0b | ฿31.3b | ฿1.7b | 12.2x | 11.2x | 0.6x |
| Wed, 01 Jan 2025 | ฿20.6b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Fri, 29 Nov 2024 | ฿20.5b | ฿31.3b | ฿1.7b | 13.1x | 12.1x | 0.7x |
| Sun, 27 Oct 2024 | ฿21.0b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Tue, 24 Sep 2024 | ฿21.7b | ฿30.1b | ฿1.5b | 12.1x | 14.1x | 0.7x |
| Thu, 22 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.7x | 12.8x | 0.7x |
| Sat, 20 Jul 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.9x | 13.8x | 0.7x |
| Mon, 17 Jun 2024 | ฿21.1b | ฿29.1b | ฿1.5b | 12.8x | 13.9x | 0.7x |
| Wed, 15 May 2024 | ฿19.8b | ฿28.7b | ฿1.5b | 12.2x | 13.2x | 0.7x |
| Fri, 12 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Sun, 10 Mar 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12.1x | 14x | 0.7x |
| Tue, 06 Feb 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Thu, 04 Jan 2024 | ฿19.3b | ฿27.8b | ฿1.1b | 14.4x | 16.9x | 0.7x |
| Sat, 02 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 14.1x | 16.2x | 0.7x |
| Mon, 30 Oct 2023 | ฿18.5b | ฿28.7b | ฿842.3m | 13.3x | 22x | 0.6x |
| Wed, 27 Sep 2023 | ฿20.4b | ฿28.7b | ฿842.3m | 16.2x | 24.2x | 0.7x |
| Fri, 25 Aug 2023 | ฿20.9b | ฿28.6b | ฿840.4m | 16.1x | 24.9x | 0.7x |
| Sun, 23 Jul 2023 | ฿20.7b | ฿28.9b | ฿936.1m | 16.3x | 22.1x | 0.7x |
| Tue, 20 Jun 2023 | ฿18.0b | ฿53.0b | ฿3.8b | 16.4x | 4.8x | 0.3x |
| Thu, 18 May 2023 | ฿49.6b | ฿52.9b | ฿3.5b | 19.3x | 14x | 0.9x |
| Sat, 15 Apr 2023 | ฿51.1b | ฿53.0b | ฿3.6b | 20x | 14.3x | 1x |
| Mon, 13 Mar 2023 | ฿52.3b | ฿52.9b | ฿3.5b | 30.3x | 14.8x | 1x |
| Wed, 08 Feb 2023 | ฿58.4b | ฿53.0b | ฿3.1b | 16.8x | 18.6x | 1.1x |
Price to Earnings Ratio
18.6x
Current Industry PE
- Investors are pessimistic on the Thai Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.4x which is lower than its 3-year average PE of 14.0x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 21% per year over the last three years,
- Revenues have also declined 19% 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 | 0.84% | |
| Industrials | -0.85% | |
| Electrical | 0.65% | |
| Heavy Electrical Equipment | 0.75% | |
| Electrical Components | 0.62% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings growth of 6.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 6.5% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| LTS Light Up Total Solution | ฿2.56 | 15.3% +฿81.1m | -76.9% | PE9.4x | |
| ASEFA Asefa | ฿3.54 | 2.3% +฿41.4m | 17.2% | PE9x | |
| TRT Tirathai | ฿3.70 | 2.2% +฿24.6m | 8.2% | PE18x | |
| PCC Precise Corporation | ฿2.68 | 0.8% +฿24.5m | -0.7% | PE7x | |
| AKR Ekarat Engineering | ฿0.84 | 1.2% +฿14.7m | -16.0% | PE5.3x |