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Thai (SET) Electrical Industry Analysis
UpdatedAug 21, 2025
DataAggregated Company Financials
Companies15
- 7D-2.0%
- 3M0.9%
- 1Y-13.3%
- YTD-18.5%
Over the last 7 days, the Electrical industry has dropped 2.0%, driven by a pullback from Light Up Total Solution of 17%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Aug 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.7x | 9.4x | 0.6x |
| Sat, 19 Jul 2025 | ฿17.2b | ฿30.5b | ฿1.6b | 9.8x | 10.7x | 0.6x |
| Mon, 16 Jun 2025 | ฿16.7b | ฿30.5b | ฿1.6b | 9.5x | 10.4x | 0.5x |
| Wed, 14 May 2025 | ฿17.5b | ฿31.1b | ฿1.8b | 11.4x | 9.9x | 0.6x |
| Fri, 11 Apr 2025 | ฿16.8b | ฿31.1b | ฿1.7b | 10.8x | 9.6x | 0.5x |
| Sun, 09 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.7b | 11.5x | 10.3x | 0.6x |
| Tue, 04 Feb 2025 | ฿18.6b | ฿31.3b | ฿1.7b | 12.2x | 11x | 0.6x |
| Thu, 02 Jan 2025 | ฿20.6b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Sat, 30 Nov 2024 | ฿20.9b | ฿31.3b | ฿1.7b | 13.2x | 12.3x | 0.7x |
| Mon, 28 Oct 2024 | ฿21.0b | ฿30.1b | ฿1.5b | 11.8x | 13.7x | 0.7x |
| Wed, 25 Sep 2024 | ฿21.6b | ฿30.1b | ฿1.5b | 12.2x | 14x | 0.7x |
| Fri, 23 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.6x | 12.8x | 0.7x |
| Sun, 21 Jul 2024 | ฿20.8b | ฿29.1b | ฿1.5b | 12.9x | 13.7x | 0.7x |
| Tue, 18 Jun 2024 | ฿20.6b | ฿29.1b | ฿1.5b | 12.6x | 13.6x | 0.7x |
| Thu, 16 May 2024 | ฿19.4b | ฿28.7b | ฿1.5b | 12.1x | 13.1x | 0.7x |
| Sat, 13 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Mon, 11 Mar 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12.1x | 14x | 0.7x |
| Wed, 07 Feb 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.5x | 17.1x | 0.7x |
| Fri, 05 Jan 2024 | ฿19.6b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Sun, 03 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 14.1x | 16.2x | 0.7x |
| Tue, 31 Oct 2023 | ฿18.6b | ฿28.7b | ฿842.3m | 13.4x | 22.1x | 0.7x |
| Thu, 28 Sep 2023 | ฿20.1b | ฿28.7b | ฿842.3m | 16x | 23.9x | 0.7x |
| Sat, 26 Aug 2023 | ฿20.9b | ฿28.6b | ฿840.4m | 15.9x | 24.8x | 0.7x |
| Mon, 24 Jul 2023 | ฿20.7b | ฿28.9b | ฿936.1m | 16.3x | 22.1x | 0.7x |
| Wed, 21 Jun 2023 | ฿17.6b | ฿53.0b | ฿3.8b | 15.7x | 4.7x | 0.3x |
| Fri, 19 May 2023 | ฿49.6b | ฿53.0b | ฿3.6b | 17.6x | 13.7x | 0.9x |
| Sun, 16 Apr 2023 | ฿51.1b | ฿53.0b | ฿3.6b | 20x | 14.3x | 1x |
| Tue, 14 Mar 2023 | ฿51.7b | ฿52.9b | ฿3.6b | 20.2x | 14.5x | 1x |
| Thu, 09 Feb 2023 | ฿58.4b | ฿53.0b | ฿3.1b | 17.2x | 18.6x | 1.1x |
| Sat, 07 Jan 2023 | ฿51.8b | ฿53.0b | ฿3.1b | 16.1x | 16.5x | 1x |
| Mon, 05 Dec 2022 | ฿62.5b | ฿53.0b | ฿3.1b | 17.2x | 19.9x | 1.2x |
| Wed, 02 Nov 2022 | ฿60.8b | ฿52.4b | ฿3.0b | 17.3x | 20.4x | 1.2x |
| Fri, 30 Sep 2022 | ฿65.2b | ฿52.4b | ฿3.0b | 16.7x | 21.8x | 1.2x |
| Sun, 28 Aug 2022 | ฿66.8b | ฿52.4b | ฿3.0b | 19.1x | 22.4x | 1.3x |
Price to Earnings Ratio
22.4x
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 9.3x which is lower than its 3-year average PE of 15.5x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 15% per year over the last three years,
- Revenues have also declined 17% 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 | -2.27% | |
| Industrials | -7.27% | |
| Electrical | -1.98% | |
| Heavy Electrical Equipment | -1.50% | |
| Electrical Components | -2.09% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 16.7x.
- Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 13.3% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| CTW Charoong Thai Wire and Cable | ฿2.76 | 2.2% +฿23.9m | -33.0% | PE6.3x | |
| PIMO Pioneer Motor | ฿1.08 | 1.9% +฿14.7m | -38.6% | PE10.2x | |
| KUMWEL Kumwell Corporation | ฿1.21 | 1.7% +฿8.6m | -32.0% | PE9.6x | |
| TRT Tirathai | ฿3.20 | 0.6% +฿6.2m | -14.9% | PE6.4x |