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Thai (SET) Electrical Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies15
- 7D2.4%
- 3M6.8%
- 1Y-6.1%
- YTD6.5%
The Electrical industry is up 2.8% in the last week, with Asefa up 17%. Meanwhile, Light Up Total Solution actually underperformed within the industry, shrinking 10% in the last week. In the past year, the industry is down 6.9%. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | ฿17.4b | ฿28.5b | ฿1.5b | 10.1x | 11.6x | 0.6x |
| Fri, 23 Jan 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.6x | 10.3x | 0.6x |
| Sun, 21 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Tue, 18 Nov 2025 | ฿16.5b | ฿29.2b | ฿1.6b | 8.8x | 10.2x | 0.6x |
| Thu, 16 Oct 2025 | ฿17.3b | ฿29.7b | ฿1.8b | 9.7x | 9.4x | 0.6x |
| Sat, 13 Sep 2025 | ฿17.6b | ฿29.7b | ฿1.8b | 9.9x | 9.5x | 0.6x |
| Mon, 11 Aug 2025 | ฿17.5b | ฿30.7b | ฿1.6b | 9.9x | 11x | 0.6x |
| Wed, 09 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Fri, 06 Jun 2025 | ฿16.8b | ฿30.5b | ฿1.6b | 9.6x | 10.4x | 0.5x |
| Sun, 04 May 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11x | 10.1x | 0.6x |
| Tue, 01 Apr 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11x | 10x | 0.6x |
| Thu, 27 Feb 2025 | ฿18.3b | ฿31.0b | ฿1.9b | 11.5x | 9.8x | 0.6x |
| Sat, 25 Jan 2025 | ฿19.5b | ฿31.3b | ฿1.7b | 12.5x | 11.5x | 0.6x |
| Mon, 23 Dec 2024 | ฿20.5b | ฿31.3b | ฿1.7b | 13x | 12.1x | 0.7x |
| Wed, 20 Nov 2024 | ฿21.2b | ฿31.1b | ฿1.6b | 12.1x | 13.2x | 0.7x |
| Fri, 18 Oct 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.9x | 13.7x | 0.7x |
| Sun, 15 Sep 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.8x | 13.8x | 0.7x |
| Tue, 13 Aug 2024 | ฿19.5b | ฿29.1b | ฿1.5b | 12x | 12.6x | 0.7x |
| Thu, 11 Jul 2024 | ฿21.6b | ฿29.1b | ฿1.5b | 12.8x | 14.2x | 0.7x |
| Sat, 08 Jun 2024 | ฿21.3b | ฿29.1b | ฿1.5b | 12.8x | 14.1x | 0.7x |
| Mon, 06 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.7x | 14.1x | 0.7x |
| Wed, 03 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.4x | 0.7x |
| Fri, 01 Mar 2024 | ฿19.4b | ฿28.1b | ฿1.2b | 13.7x | 15.6x | 0.7x |
| Sun, 28 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Tue, 26 Dec 2023 | ฿18.9b | ฿27.8b | ฿1.1b | 14x | 16.6x | 0.7x |
| Thu, 23 Nov 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14.2x | 16.5x | 0.7x |
| Sat, 21 Oct 2023 | ฿18.8b | ฿28.7b | ฿842.3m | 14.3x | 22.3x | 0.7x |
| Mon, 18 Sep 2023 | ฿21.0b | ฿28.6b | ฿840.4m | 16.9x | 25x | 0.7x |
| Wed, 16 Aug 2023 | ฿20.1b | ฿28.9b | ฿944.2m | 16.4x | 21.3x | 0.7x |
| Fri, 14 Jul 2023 | ฿16.2b | ฿23.8b | ฿641.3m | 20.4x | 25.3x | 0.7x |
| Sun, 11 Jun 2023 | ฿19.1b | ฿53.0b | ฿3.8b | 18.3x | 5.1x | 0.4x |
| Tue, 09 May 2023 | ฿50.6b | ฿53.0b | ฿3.6b | 20x | 14.1x | 1x |
| Thu, 06 Apr 2023 | ฿51.4b | ฿53.0b | ฿3.6b | 19.7x | 14.4x | 1x |
| Sat, 04 Mar 2023 | ฿51.5b | ฿52.7b | ฿3.5b | 25.8x | 14.9x | 1x |
Price to Earnings Ratio
14.9x
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 11.4x which is lower than its 3-year average PE of 13.8x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 24% 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 | 2.13% | |
| Industrials | -3.14% | |
| Electrical | 2.35% | |
| Heavy Electrical Equipment | 5.11% | |
| Electrical Components | 1.67% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.2x.
- Analysts are expecting annual earnings growth of 10.6%, 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 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 11% 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 11% 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 | |
|---|---|---|---|---|---|
| ASEFA Asefa | ฿4.12 | 15.1% +฿279.1m | 45.1% | PE9.7x | |
| PCC Precise Corporation | ฿2.84 | 1.4% +฿49.1m | 6.8% | PE7.4x | |
| ARROW Arrow Syndicate | ฿5.35 | 2.9% +฿38.5m | 1.9% | PE10.6x | |
| KUMWEL Kumwell Corporation | ฿1.13 | 6.6% +฿30.1m | 11.9% | PE8.6x | |
| AKR Ekarat Engineering | ฿0.91 | 2.2% +฿29.4m | -9.9% | PE5.7x |