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Thai (SET) Electrical Industry Analysis
UpdatedJan 22, 2026
DataAggregated Company Financials
Companies15
- 7D0.4%
- 3M-5.5%
- 1Y-17.9%
- YTD-0.6%
Last week, the Electrical industry hasn't moved much but Tirathai is up 3.9% in that time. Unfortunately though, the industry is down 18% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 22 Jan 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.6x | 10.3x | 0.6x |
| Sat, 20 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Mon, 17 Nov 2025 | ฿16.5b | ฿29.2b | ฿1.6b | 8.8x | 10.2x | 0.6x |
| Wed, 15 Oct 2025 | ฿17.3b | ฿29.7b | ฿1.8b | 9.6x | 9.4x | 0.6x |
| Fri, 12 Sep 2025 | ฿17.5b | ฿29.7b | ฿1.8b | 9.8x | 9.5x | 0.6x |
| Sun, 10 Aug 2025 | ฿17.5b | ฿30.6b | ฿1.6b | 9.9x | 11x | 0.6x |
| Tue, 08 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.4x | 10.5x | 0.6x |
| Thu, 05 Jun 2025 | ฿16.6b | ฿30.5b | ฿1.6b | 9.6x | 10.3x | 0.5x |
| Sat, 03 May 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11x | 10.1x | 0.6x |
| Mon, 31 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Wed, 26 Feb 2025 | ฿18.3b | ฿31.4b | ฿1.8b | 11.7x | 10.3x | 0.6x |
| Fri, 24 Jan 2025 | ฿19.5b | ฿31.3b | ฿1.7b | 12.5x | 11.5x | 0.6x |
| Sun, 22 Dec 2024 | ฿20.5b | ฿31.3b | ฿1.7b | 13x | 12.1x | 0.7x |
| Tue, 19 Nov 2024 | ฿20.9b | ฿31.0b | ฿1.6b | 11.9x | 13.1x | 0.7x |
| Thu, 17 Oct 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.9x | 13.7x | 0.7x |
| Sat, 14 Sep 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.8x | 13.8x | 0.7x |
| Mon, 12 Aug 2024 | ฿19.5b | ฿29.1b | ฿1.5b | 12x | 12.6x | 0.7x |
| Wed, 10 Jul 2024 | ฿21.6b | ฿29.1b | ฿1.5b | 12.9x | 14.2x | 0.7x |
| Fri, 07 Jun 2024 | ฿21.3b | ฿29.1b | ฿1.5b | 12.8x | 14.1x | 0.7x |
| Sun, 05 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.7x | 14.1x | 0.7x |
| Tue, 02 Apr 2024 | ฿20.0b | ฿28.4b | ฿1.4b | 12.1x | 14.4x | 0.7x |
| Thu, 29 Feb 2024 | ฿19.3b | ฿28.1b | ฿1.2b | 13.8x | 15.5x | 0.7x |
| Sat, 27 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Mon, 25 Dec 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14.1x | 16.5x | 0.7x |
| Wed, 22 Nov 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.2x | 16.4x | 0.7x |
| Fri, 20 Oct 2023 | ฿19.1b | ฿28.7b | ฿842.3m | 13.9x | 22.7x | 0.7x |
| Sun, 17 Sep 2023 | ฿21.0b | ฿28.6b | ฿840.4m | 16.9x | 25x | 0.7x |
| Tue, 15 Aug 2023 | ฿20.4b | ฿28.9b | ฿944.2m | 16.7x | 21.6x | 0.7x |
| Thu, 13 Jul 2023 | ฿16.1b | ฿23.8b | ฿641.3m | 20.2x | 25.2x | 0.7x |
| Sat, 10 Jun 2023 | ฿19.1b | ฿53.0b | ฿3.8b | 18.3x | 5.1x | 0.4x |
| Mon, 08 May 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Wed, 05 Apr 2023 | ฿51.4b | ฿53.0b | ฿3.6b | 19.7x | 14.4x | 1x |
| Fri, 03 Mar 2023 | ฿51.0b | ฿52.7b | ฿3.5b | 22.8x | 14.8x | 1x |
| Sun, 29 Jan 2023 | ฿58.9b | ฿53.0b | ฿3.1b | 16.5x | 18.8x | 1.1x |
Price to Earnings Ratio
18.8x
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 10.3x which is lower than its 3-year average PE of 14.1x.
- 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 | 5.89% | |
| Industrials | 4.81% | |
| Electrical | 0.41% | |
| Heavy Electrical Equipment | 0.75% | |
| Electrical Components | 0.32% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.4x.
- Analysts are expecting annual earnings growth of 16.7%, 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 | |
|---|---|---|---|---|---|
| KJL Kijcharoen Engineering Electric | ฿6.00 | 4.3% +฿58.0m | -9.8% | PE8.1x | |
| PCC Precise Corporation | ฿2.68 | 1.5% +฿49.1m | -0.7% | PE7x | |
| KUMWEL Kumwell Corporation | ฿1.07 | 3.9% +฿17.2m | -13.7% | PE8.2x | |
| QTC QTC Energy | ฿3.54 | 1.1% +฿13.6m | -5.3% | PE15.9x | |
| SOLAR Solartron | ฿0.20 | 5.3% +฿13.1m | -47.4% | PS0.4x |