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Thai (SET) Electrical Industry Analysis
UpdatedMay 19, 2026
DataAggregated Company Financials
Companies15
- 7D3.9%
- 3M8.5%
- 1Y6.5%
- YTD12.9%
The Electrical industry is up 5.4% in the last week, with Tirathai up 24%. This takes the industry's 12 month performance to a gain of 5.8%. Earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Tue, 19 May 2026 | ฿18.4b | ฿28.7b | ฿1.1b | 11.3x | 17.4x | 0.6x |
| Thu, 16 Apr 2026 | ฿18.0b | ฿28.0b | ฿969.3m | 10.3x | 18.6x | 0.6x |
| Sat, 14 Mar 2026 | ฿16.9b | ฿28.0b | ฿969.3m | 10.2x | 17.4x | 0.6x |
| Mon, 09 Feb 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.8x | 10.3x | 0.6x |
| Wed, 07 Jan 2026 | ฿16.3b | ฿28.6b | ฿1.6b | 8.8x | 10.4x | 0.6x |
| Fri, 05 Dec 2025 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Sun, 02 Nov 2025 | ฿16.9b | ฿29.7b | ฿1.8b | 9.6x | 9.2x | 0.6x |
| Tue, 30 Sep 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 9.6x | 9.6x | 0.6x |
| Thu, 28 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.4x | 9.3x | 0.6x |
| Sat, 26 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.6x | 10.6x | 0.6x |
| Mon, 23 Jun 2025 | ฿16.6b | ฿30.5b | ฿1.6b | 9.4x | 10.3x | 0.5x |
| Wed, 21 May 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.7x | 10.6x | 0.6x |
| Fri, 18 Apr 2025 | ฿17.0b | ฿31.1b | ฿1.7b | 10.4x | 9.7x | 0.5x |
| Sun, 16 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.4x | 10.1x | 0.6x |
| Tue, 11 Feb 2025 | ฿17.8b | ฿31.3b | ฿1.7b | 11.1x | 10.5x | 0.6x |
| Thu, 09 Jan 2025 | ฿20.4b | ฿31.3b | ฿1.7b | 13x | 12.1x | 0.7x |
| Sat, 07 Dec 2024 | ฿21.2b | ฿31.3b | ฿1.7b | 13.3x | 12.5x | 0.7x |
| Mon, 04 Nov 2024 | ฿21.2b | ฿30.1b | ฿1.5b | 11.9x | 13.8x | 0.7x |
| Wed, 02 Oct 2024 | ฿21.9b | ฿30.1b | ฿1.5b | 12.3x | 14.2x | 0.7x |
| Fri, 30 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.1x | 12.8x | 0.7x |
| Sun, 28 Jul 2024 | ฿20.4b | ฿29.1b | ฿1.5b | 12.8x | 13.4x | 0.7x |
| Tue, 25 Jun 2024 | ฿20.9b | ฿29.1b | ฿1.5b | 12.8x | 13.7x | 0.7x |
| Thu, 23 May 2024 | ฿21.4b | ฿29.1b | ฿1.5b | 13.2x | 14.6x | 0.7x |
| Sat, 20 Apr 2024 | ฿19.4b | ฿28.4b | ฿1.4b | 11.8x | 14x | 0.7x |
| Mon, 18 Mar 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 12.3x | 14.2x | 0.7x |
| Wed, 14 Feb 2024 | ฿19.6b | ฿28.0b | ฿1.2b | 14.8x | 16.3x | 0.7x |
| Fri, 12 Jan 2024 | ฿19.8b | ฿27.8b | ฿1.1b | 14.9x | 17.4x | 0.7x |
| Sun, 10 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.2x | 16.4x | 0.7x |
| Tue, 07 Nov 2023 | ฿19.0b | ฿28.7b | ฿842.3m | 14x | 22.6x | 0.7x |
| Thu, 05 Oct 2023 | ฿19.9b | ฿28.7b | ฿842.3m | 14.8x | 23.7x | 0.7x |
| Sat, 02 Sep 2023 | ฿21.2b | ฿28.6b | ฿840.4m | 16.9x | 25.2x | 0.7x |
| Mon, 31 Jul 2023 | ฿20.4b | ฿28.9b | ฿936.1m | 16.4x | 21.8x | 0.7x |
| Wed, 28 Jun 2023 | ฿16.0b | ฿23.8b | ฿641.3m | 19x | 25x | 0.7x |
| Fri, 26 May 2023 | ฿49.6b | ฿53.0b | ฿3.8b | 16.7x | 13.2x | 0.9x |
Price to Earnings Ratio
13.2x
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 20.9x which is higher than its 3-year average PE of 14.1x.
- 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 39% 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 | 1.91% | |
| Industrials | 1.60% | |
| Electrical | 3.88% | |
| Electrical Components | 5.48% | |
| Heavy Electrical Equipment | -2.90% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings growth of 3.8% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below 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 3.8% 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 | ฿7.00 | 23.9% +฿415.8m | 117.4% | PE9.3x | |
| KUMWEL Kumwell Corporation | ฿1.72 | 62.3% +฿283.8m | 49.6% | PE12.8x | |
| ASEFA Asefa | ฿4.30 | 7.5% +฿155.1m | 28.0% | PE7.6x | |
| QTC QTC Energy | ฿3.54 | 4.1% +฿47.8m | -5.9% | PE86.2x | |
| CTW Charoong Thai Wire and Cable | ฿3.36 | 2.4% +฿31.8m | 13.5% | PE12.5x |