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Thai (SET) Electrical Industry Analysis
UpdatedDec 19, 2025
DataAggregated Company Financials
Companies15
- 7D0.3%
- 3M-8.1%
- 1Y-23.7%
- YTD-22.8%
Last week, the Electrical industry hasn't moved much but Light Up Total Solution is up 7.0% in that time. As for the longer term, the industry has declined 23% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Sun, 16 Nov 2025 | ฿16.5b | ฿29.1b | ฿1.7b | 8.8x | 9.5x | 0.6x |
| Tue, 14 Oct 2025 | ฿17.6b | ฿29.7b | ฿1.8b | 9.7x | 9.5x | 0.6x |
| Thu, 11 Sep 2025 | ฿17.5b | ฿29.7b | ฿1.8b | 9.8x | 9.5x | 0.6x |
| Sat, 09 Aug 2025 | ฿17.5b | ฿30.6b | ฿1.6b | 10.4x | 11.1x | 0.6x |
| Mon, 07 Jul 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.6x | 10.6x | 0.6x |
| Wed, 04 Jun 2025 | ฿16.8b | ฿30.5b | ฿1.6b | 9.6x | 10.4x | 0.5x |
| Fri, 02 May 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11x | 10x | 0.6x |
| Sun, 30 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Tue, 25 Feb 2025 | ฿18.4b | ฿31.4b | ฿1.8b | 11.6x | 10.4x | 0.6x |
| Thu, 23 Jan 2025 | ฿19.4b | ฿31.3b | ฿1.7b | 12.3x | 11.4x | 0.6x |
| Sat, 21 Dec 2024 | ฿20.5b | ฿31.3b | ฿1.7b | 13x | 12.1x | 0.7x |
| Mon, 18 Nov 2024 | ฿20.7b | ฿31.0b | ฿1.6b | 12x | 12.9x | 0.7x |
| Wed, 16 Oct 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Fri, 13 Sep 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Sun, 11 Aug 2024 | ฿19.5b | ฿29.1b | ฿1.5b | 12x | 12.6x | 0.7x |
| Tue, 09 Jul 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 13x | 14.2x | 0.7x |
| Thu, 06 Jun 2024 | ฿21.4b | ฿29.1b | ฿1.5b | 12.8x | 14.2x | 0.7x |
| Sat, 04 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.7x | 14.1x | 0.7x |
| Mon, 01 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.1x | 14.4x | 0.7x |
| Wed, 28 Feb 2024 | ฿19.4b | ฿28.5b | ฿1.3b | 12.8x | 15.4x | 0.7x |
| Fri, 26 Jan 2024 | ฿19.7b | ฿27.8b | ฿1.1b | 14.7x | 17.3x | 0.7x |
| Sun, 24 Dec 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14.1x | 16.5x | 0.7x |
| Tue, 21 Nov 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.3x | 16.3x | 0.7x |
| Thu, 19 Oct 2023 | ฿19.2b | ฿28.7b | ฿842.3m | 14.1x | 22.8x | 0.7x |
| Sat, 16 Sep 2023 | ฿21.2b | ฿28.6b | ฿840.4m | 16.8x | 25.2x | 0.7x |
| Mon, 14 Aug 2023 | ฿20.4b | ฿28.9b | ฿944.2m | 16.7x | 21.6x | 0.7x |
| Wed, 12 Jul 2023 | ฿16.3b | ฿23.8b | ฿641.3m | 20.2x | 25.4x | 0.7x |
| Fri, 09 Jun 2023 | ฿19.6b | ฿53.0b | ฿3.8b | 17.9x | 5.2x | 0.4x |
| Sun, 07 May 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Tue, 04 Apr 2023 | ฿51.4b | ฿53.0b | ฿3.6b | 19.8x | 14.4x | 1x |
| Thu, 02 Mar 2023 | ฿51.2b | ฿52.7b | ฿3.5b | 22.1x | 14.8x | 1x |
| Sat, 28 Jan 2023 | ฿58.9b | ฿53.0b | ฿3.1b | 16.5x | 18.8x | 1.1x |
| Mon, 26 Dec 2022 | ฿48.7b | ฿53.0b | ฿3.1b | 15.8x | 15.5x | 0.9x |
Price to Earnings Ratio
15.5x
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 14.2x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
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 | -0.27% | |
| Industrials | 3.34% | |
| Electrical | 0.27% | |
| Electrical Components | 0.52% | |
| Heavy Electrical Equipment | -0.75% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 17.0%, 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 10.0x.
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 | |
|---|---|---|---|---|---|
| ASEFA Asefa | ฿3.50 | 2.9% +฿51.7m | 13.6% | PE8.9x | |
| LTS Light Up Total Solution | ฿2.74 | 7.0% +฿42.9m | -82.4% | PE10.1x | |
| PIMO Pioneer Motor | ฿1.02 | 3.0% +฿22.0m | -25.5% | PE8.9x | |
| QTC QTC Energy | ฿3.40 | 1.8% +฿20.5m | -9.6% | PE15.3x | |
| TMI Teera-Mongkol Industry | ฿0.54 | 1.9% +฿6.7m | -34.9% | PE15.6x |