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Thai (SET) Electrical Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies15
- 7D-2.9%
- 3M6.7%
- 1Y-2.8%
- YTD6.2%
Over the last 7 days, the Electrical industry has dropped 2.9%, driven by Asefa declining 7.2%. Meanwhile, Light Up Total Solution actually outperformed within the industry, gaining 17% in the last week. As for the longer term, the industry's performance has been flat for the past year.
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 |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ฿17.3b | ฿28.1b | ฿865.0m | 11.6x | 20x | 0.6x |
| Wed, 08 Apr 2026 | ฿17.9b | ฿28.0b | ฿969.3m | 10.2x | 18.5x | 0.6x |
| Fri, 06 Mar 2026 | ฿16.5b | ฿28.2b | ฿1.3b | 10.1x | 13x | 0.6x |
| Sun, 01 Feb 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 9x | 10.4x | 0.6x |
| Tue, 30 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Thu, 27 Nov 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.7x | 10x | 0.6x |
| Sat, 25 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Mon, 22 Sep 2025 | ฿17.8b | ฿29.7b | ฿1.8b | 9.9x | 9.6x | 0.6x |
| Wed, 20 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.7x | 9.3x | 0.6x |
| Fri, 18 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.7x | 10.6x | 0.6x |
| Sun, 15 Jun 2025 | ฿16.7b | ฿30.5b | ฿1.6b | 9.5x | 10.4x | 0.5x |
| Tue, 13 May 2025 | ฿17.6b | ฿31.1b | ฿1.8b | 11.2x | 10x | 0.6x |
| Thu, 10 Apr 2025 | ฿16.4b | ฿31.1b | ฿1.7b | 10.6x | 9.4x | 0.5x |
| Sat, 08 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.7b | 11.5x | 10.3x | 0.6x |
| Mon, 03 Feb 2025 | ฿19.0b | ฿31.3b | ฿1.7b | 12.2x | 11.2x | 0.6x |
| Wed, 01 Jan 2025 | ฿20.6b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Fri, 29 Nov 2024 | ฿20.5b | ฿31.3b | ฿1.7b | 13.1x | 12.1x | 0.7x |
| Sun, 27 Oct 2024 | ฿21.0b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Tue, 24 Sep 2024 | ฿21.7b | ฿30.1b | ฿1.5b | 12.1x | 14.1x | 0.7x |
| Thu, 22 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.7x | 12.8x | 0.7x |
| Sat, 20 Jul 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.9x | 13.8x | 0.7x |
| Mon, 17 Jun 2024 | ฿21.1b | ฿29.1b | ฿1.5b | 12.8x | 13.9x | 0.7x |
| Wed, 15 May 2024 | ฿19.8b | ฿28.7b | ฿1.5b | 12.2x | 13.2x | 0.7x |
| Fri, 12 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Sun, 10 Mar 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12.1x | 14x | 0.7x |
| Tue, 06 Feb 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Thu, 04 Jan 2024 | ฿19.3b | ฿27.8b | ฿1.1b | 14.4x | 16.9x | 0.7x |
| Sat, 02 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 14.1x | 16.2x | 0.7x |
| Mon, 30 Oct 2023 | ฿18.5b | ฿28.7b | ฿842.3m | 13.3x | 22x | 0.6x |
| Wed, 27 Sep 2023 | ฿20.4b | ฿28.7b | ฿842.3m | 16.2x | 24.2x | 0.7x |
| Fri, 25 Aug 2023 | ฿20.9b | ฿28.6b | ฿840.4m | 16.1x | 24.9x | 0.7x |
| Sun, 23 Jul 2023 | ฿20.7b | ฿28.9b | ฿936.1m | 16.3x | 22.1x | 0.7x |
| Tue, 20 Jun 2023 | ฿18.0b | ฿53.0b | ฿3.8b | 16.4x | 4.8x | 0.3x |
| Thu, 18 May 2023 | ฿49.6b | ฿52.9b | ฿3.5b | 19.3x | 14x | 0.9x |
Price to Earnings Ratio
14x
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 17.9x which is higher than its 3-year average PE of 14.0x.
- 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 35% 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 | 0.46% | |
| Industrials | 0.82% | |
| Electrical | -2.93% | |
| Electrical Components | -2.79% | |
| Heavy Electrical Equipment | -3.55% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 15.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.7x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
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 | ฿2.30 | 17.3% +฿81.1m | -64.1% | PS0.9x | |
| QTC QTC Energy | ฿3.36 | 3.7% +฿40.9m | -10.2% | PE81.8x | |
| KJL Kijcharoen Engineering Electric | ฿5.80 | 1.8% +฿23.2m | -7.9% | PE10.6x | |
| TRT Tirathai | ฿4.88 | 1.2% +฿18.5m | 53.5% | PE13.1x | |
| PIMO Pioneer Motor | ฿1.02 | 1.0% +฿7.3m | -14.3% | PE9.3x |