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Thai (SET) Electrical Industry Analysis
UpdatedJun 09, 2026
DataAggregated Company Financials
Companies15
- 7D4.5%
- 3M35.0%
- 1Y31.1%
- YTD37.1%
Over the last 7 days, the Electrical industry has risen 6.1%, driven by gains from Tirathai of 30%. In the last 12 months, the industry was up 33%. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Tue, 09 Jun 2026 | ฿22.4b | ฿29.3b | ฿1.3b | 10.9x | 17.5x | 0.8x |
| Thu, 07 May 2026 | ฿17.8b | ฿28.0b | ฿969.3m | 10.4x | 18.4x | 0.6x |
| Sat, 04 Apr 2026 | ฿17.8b | ฿28.0b | ฿969.3m | 10.2x | 18.4x | 0.6x |
| Mon, 02 Mar 2026 | ฿17.3b | ฿28.3b | ฿1.3b | 10.3x | 12.9x | 0.6x |
| Wed, 28 Jan 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 8.5x | 10.4x | 0.6x |
| Fri, 26 Dec 2025 | ฿16.4b | ฿28.6b | ฿1.6b | 9x | 10.4x | 0.6x |
| Sun, 23 Nov 2025 | ฿16.3b | ฿29.3b | ฿1.6b | 8.7x | 10.1x | 0.6x |
| Tue, 21 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.5x | 9.3x | 0.6x |
| Thu, 18 Sep 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 10.2x | 9.6x | 0.6x |
| Sat, 16 Aug 2025 | ฿17.3b | ฿29.9b | ฿1.8b | 9.8x | 9.6x | 0.6x |
| Mon, 14 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.5x | 10.4x | 0.6x |
| Wed, 11 Jun 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.5x | 10.5x | 0.6x |
| Fri, 09 May 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Sun, 06 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 11.1x | 9.8x | 0.6x |
| Tue, 04 Mar 2025 | ฿18.0b | ฿31.0b | ฿1.8b | 11.6x | 10x | 0.6x |
| Thu, 30 Jan 2025 | ฿19.2b | ฿31.3b | ฿1.7b | 12.5x | 11.3x | 0.6x |
| Sat, 28 Dec 2024 | ฿20.6b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Mon, 25 Nov 2024 | ฿20.9b | ฿31.3b | ฿1.6b | 12.1x | 13.1x | 0.7x |
| Wed, 23 Oct 2024 | ฿20.8b | ฿30.1b | ฿1.5b | 11.9x | 13.5x | 0.7x |
| Fri, 20 Sep 2024 | ฿21.6b | ฿30.1b | ฿1.5b | 11.9x | 14.1x | 0.7x |
| Sun, 18 Aug 2024 | ฿19.5b | ฿30.1b | ฿1.5b | 11.4x | 12.7x | 0.6x |
| Tue, 16 Jul 2024 | ฿21.6b | ฿29.1b | ฿1.5b | 13x | 14.2x | 0.7x |
| Thu, 13 Jun 2024 | ฿21.2b | ฿29.1b | ฿1.5b | 12.9x | 13.9x | 0.7x |
| Sat, 11 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.4x | 14.2x | 0.7x |
| Mon, 08 Apr 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 12.1x | 14.1x | 0.7x |
| Wed, 06 Mar 2024 | ฿19.3b | ฿28.4b | ฿1.4b | 12x | 13.9x | 0.7x |
| Fri, 02 Feb 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.8x | 17x | 0.7x |
| Sun, 31 Dec 2023 | ฿19.0b | ฿27.8b | ฿1.1b | 14.4x | 16.7x | 0.7x |
| Tue, 28 Nov 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.1x | 16.4x | 0.7x |
| Thu, 26 Oct 2023 | ฿18.7b | ฿28.7b | ฿842.3m | 13.8x | 22.2x | 0.7x |
| Sat, 23 Sep 2023 | ฿20.6b | ฿28.7b | ฿842.3m | 16.5x | 24.5x | 0.7x |
| Mon, 21 Aug 2023 | ฿20.3b | ฿28.6b | ฿839.2m | 15.3x | 24.1x | 0.7x |
| Wed, 19 Jul 2023 | ฿16.6b | ฿23.8b | ฿641.3m | 20.5x | 25.8x | 0.7x |
| Fri, 16 Jun 2023 | ฿18.7b | ฿53.0b | ฿3.8b | 16.7x | 5x | 0.4x |
Price to Earnings Ratio
5x
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 17.8x which is higher than its 3-year average PE of 14.2x.
- 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 | -0.43% | |
| Industrials | 1.78% | |
| Electrical | 4.51% | |
| Electrical Components | 5.31% | |
| Heavy Electrical Equipment | 0.67% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.2x.
- 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 | |
|---|---|---|---|---|---|
| TRT Tirathai | ฿10.80 | 16.8% +฿477.4m | 233.3% | PE14.4x | |
| ASEFA Asefa | ฿5.90 | 7.3% +฿206.8m | 73.5% | PE10.5x | |
| ARROW Arrow Syndicate | ฿5.60 | 5.7% +฿77.1m | 15.7% | PE10.1x | |
| AKR Ekarat Engineering | ฿0.92 | 4.5% +฿58.9m | -4.2% | PE12.9x | |
| CTW Charoong Thai Wire and Cable | ฿6.10 | 0.8% +฿19.9m | 108.9% | PE10.6x |