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Thai (SET) Electrical Industry Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies15
- 7D1.9%
- 3M-1.4%
- 1Y-21.2%
- YTD-19.5%
In the last week, the Electrical industry is up 1.9%, with Light Up Total Solution up 10%. Meanwhile, Solartron actually underperformed within the industry, shrinking 15% in the last week. However, the industry is down 21% over the past year. Looking forward, earnings are forecast to grow by 19% 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, 06 Jul 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.2x | 10.5x | 0.6x |
| Tue, 03 Jun 2025 | ฿16.8b | ฿30.5b | ฿1.6b | 9.6x | 10.4x | 0.5x |
| Thu, 01 May 2025 | ฿17.5b | ฿31.1b | ฿1.7b | 11x | 10x | 0.6x |
| Sat, 29 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Mon, 24 Feb 2025 | ฿18.5b | ฿31.4b | ฿1.8b | 11.4x | 10.4x | 0.6x |
| Wed, 22 Jan 2025 | ฿19.4b | ฿31.3b | ฿1.7b | 12.4x | 11.5x | 0.6x |
| Fri, 20 Dec 2024 | ฿20.9b | ฿31.3b | ฿1.7b | 12.8x | 12.3x | 0.7x |
| Sun, 17 Nov 2024 | ฿20.7b | ฿31.0b | ฿1.6b | 12x | 12.9x | 0.7x |
| Tue, 15 Oct 2024 | ฿21.8b | ฿30.1b | ฿1.5b | 12x | 14.2x | 0.7x |
| Thu, 12 Sep 2024 | ฿20.7b | ฿30.1b | ฿1.5b | 11.7x | 13.5x | 0.7x |
| Sat, 10 Aug 2024 | ฿19.5b | ฿29.1b | ฿1.5b | 12.3x | 12.7x | 0.7x |
| Mon, 08 Jul 2024 | ฿21.5b | ฿29.1b | ฿1.5b | 13x | 14.1x | 0.7x |
| Wed, 05 Jun 2024 | ฿21.5b | ฿29.1b | ฿1.5b | 13.2x | 14.6x | 0.7x |
| Fri, 03 May 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 11.8x | 14.2x | 0.7x |
| Sun, 31 Mar 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.1x | 14.4x | 0.7x |
| Tue, 27 Feb 2024 | ฿19.3b | ฿28.5b | ฿1.3b | 12.7x | 15.4x | 0.7x |
| Thu, 25 Jan 2024 | ฿19.6b | ฿27.8b | ฿1.1b | 14.7x | 17.1x | 0.7x |
| Sat, 23 Dec 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14.1x | 16.5x | 0.7x |
| Mon, 20 Nov 2023 | ฿18.6b | ฿27.8b | ฿1.1b | 14.2x | 16.3x | 0.7x |
| Wed, 18 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 15.2x | 23.2x | 0.7x |
| Fri, 15 Sep 2023 | ฿21.2b | ฿28.6b | ฿840.4m | 16.8x | 25.2x | 0.7x |
| Sun, 13 Aug 2023 | ฿20.4b | ฿28.9b | ฿944.2m | 16.7x | 21.6x | 0.7x |
| Tue, 11 Jul 2023 | ฿16.4b | ฿23.8b | ฿641.3m | 20.2x | 25.6x | 0.7x |
| Thu, 08 Jun 2023 | ฿19.4b | ฿53.0b | ฿3.8b | 16.3x | 5.1x | 0.4x |
| Sat, 06 May 2023 | ฿50.3b | ฿53.0b | ฿3.6b | 19.7x | 14.1x | 0.9x |
| Mon, 03 Apr 2023 | ฿51.3b | ฿53.0b | ฿3.6b | 19.8x | 14.3x | 1x |
| Wed, 01 Mar 2023 | ฿50.9b | ฿52.7b | ฿3.5b | 19.3x | 14.7x | 1x |
| Fri, 27 Jan 2023 | ฿59.6b | ฿53.0b | ฿3.1b | 16.4x | 19x | 1.1x |
| Sun, 25 Dec 2022 | ฿48.7b | ฿53.0b | ฿3.1b | 15.8x | 15.5x | 0.9x |
| Tue, 22 Nov 2022 | ฿60.9b | ฿52.0b | ฿3.0b | 17.3x | 20.2x | 1.2x |
| Thu, 20 Oct 2022 | ฿66.7b | ฿52.4b | ฿3.0b | 17.5x | 22.4x | 1.3x |
| Sat, 17 Sep 2022 | ฿67.3b | ฿52.4b | ฿3.0b | 17.9x | 22.5x | 1.3x |
| Mon, 15 Aug 2022 | ฿70.1b | ฿52.3b | ฿3.0b | 17.3x | 23.2x | 1.3x |
| Wed, 13 Jul 2022 | ฿66.9b | ฿49.7b | ฿2.9b | 17.4x | 23.3x | 1.3x |
Price to Earnings Ratio
23.3x
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 10.5x which is lower than its 3-year average PE of 16.1x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 17% per year over the last three years,
- Revenues have also declined 15% 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 | 3.47% | |
| Industrials | 0.97% | |
| Electrical | 1.85% | |
| Electrical Components | 2.09% | |
| Heavy Electrical Equipment | 0.80% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 17.2x.
- Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings growth of 4.1% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 4.1% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 19% 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 | ฿5.00 | 10.1% +฿109.8m | -37.5% | PE14.3x | |
| PIMO Pioneer Motor | ฿1.13 | 8.7% +฿66.0m | -45.1% | PE8.8x | |
| ASEFA Asefa | ฿3.38 | 3.0% +฿49.4m | -4.5% | PE16.8x | |
| ARROW Arrow Syndicate | ฿4.96 | 2.9% +฿36.0m | -15.2% | PE10.4x | |
| PCC Precise Corporation | ฿2.52 | 0.8% +฿24.5m | -13.7% | PE8.2x |