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Thai (SET) Electrical Industry Analysis
UpdatedMay 13, 2026
DataAggregated Company Financials
Companies15
- 7D-0.7%
- 3M7.9%
- 1Y0.3%
- YTD8.7%
The Electrical is pretty flat in the last 7 days, but Tirathai has stood out, gaining 31%. Furthermore, the industry has been flat for the past year as well. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | ฿17.7b | ฿28.1b | ฿870.5m | 11.5x | 20.4x | 0.6x |
| Fri, 10 Apr 2026 | ฿18.0b | ฿28.0b | ฿969.3m | 10.1x | 18.6x | 0.6x |
| Sun, 08 Mar 2026 | ฿16.7b | ฿28.0b | ฿969.3m | 10.4x | 17.2x | 0.6x |
| Tue, 03 Feb 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.8x | 10.3x | 0.6x |
| Thu, 01 Jan 2026 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Sat, 29 Nov 2025 | ฿16.2b | ฿28.6b | ฿1.6b | 8.9x | 10.1x | 0.6x |
| Mon, 27 Oct 2025 | ฿17.2b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Wed, 24 Sep 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 9.6x | 9.6x | 0.6x |
| Fri, 22 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.6x | 9.3x | 0.6x |
| Sun, 20 Jul 2025 | ฿17.2b | ฿30.5b | ฿1.6b | 9.8x | 10.7x | 0.6x |
| Tue, 17 Jun 2025 | ฿16.6b | ฿30.5b | ฿1.6b | 9.5x | 10.3x | 0.5x |
| Thu, 15 May 2025 | ฿17.6b | ฿30.8b | ฿1.8b | 10.4x | 10x | 0.6x |
| Sat, 12 Apr 2025 | ฿16.7b | ฿31.1b | ฿1.7b | 10.3x | 9.6x | 0.5x |
| Mon, 10 Mar 2025 | ฿17.9b | ฿31.1b | ฿1.7b | 11.5x | 10.3x | 0.6x |
| Wed, 05 Feb 2025 | ฿18.7b | ฿31.3b | ฿1.7b | 12x | 11x | 0.6x |
| Fri, 03 Jan 2025 | ฿20.7b | ฿31.3b | ฿1.7b | 13x | 12.2x | 0.7x |
| Sun, 01 Dec 2024 | ฿20.9b | ฿31.3b | ฿1.7b | 13.2x | 12.3x | 0.7x |
| Tue, 29 Oct 2024 | ฿20.9b | ฿30.1b | ฿1.5b | 11.8x | 13.6x | 0.7x |
| Thu, 26 Sep 2024 | ฿21.4b | ฿30.1b | ฿1.5b | 12.1x | 13.9x | 0.7x |
| Sat, 24 Aug 2024 | ฿19.7b | ฿30.1b | ฿1.5b | 11.7x | 12.9x | 0.7x |
| Mon, 22 Jul 2024 | ฿20.8b | ฿29.1b | ฿1.5b | 12.9x | 13.7x | 0.7x |
| Wed, 19 Jun 2024 | ฿20.6b | ฿29.1b | ฿1.5b | 12.5x | 13.5x | 0.7x |
| Fri, 17 May 2024 | ฿19.7b | ฿28.7b | ฿1.5b | 11.8x | 12.8x | 0.7x |
| Sun, 14 Apr 2024 | ฿19.9b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Tue, 12 Mar 2024 | ฿19.5b | ฿28.4b | ฿1.4b | 12x | 14x | 0.7x |
| Thu, 08 Feb 2024 | ฿19.4b | ฿27.8b | ฿1.1b | 14.5x | 17x | 0.7x |
| Sat, 06 Jan 2024 | ฿19.6b | ฿27.8b | ฿1.1b | 14.9x | 17.2x | 0.7x |
| Mon, 04 Dec 2023 | ฿18.5b | ฿27.8b | ฿1.1b | 14.1x | 16.2x | 0.7x |
| Wed, 01 Nov 2023 | ฿18.7b | ฿28.7b | ฿842.3m | 13.4x | 22.1x | 0.7x |
| Fri, 29 Sep 2023 | ฿20.0b | ฿28.7b | ฿842.3m | 15.1x | 23.7x | 0.7x |
| Sun, 27 Aug 2023 | ฿20.9b | ฿28.6b | ฿840.4m | 15.9x | 24.8x | 0.7x |
| Tue, 25 Jul 2023 | ฿20.4b | ฿28.9b | ฿936.1m | 16.4x | 21.8x | 0.7x |
| Thu, 22 Jun 2023 | ฿17.4b | ฿53.0b | ฿3.8b | 15.9x | 4.6x | 0.3x |
| Sat, 20 May 2023 | ฿49.4b | ฿53.1b | ฿3.8b | 16.7x | 13.1x | 0.9x |
Price to Earnings Ratio
13.1x
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 20.4x 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 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 | -0.43% | |
| Industrials | 0.78% | |
| Electrical | -0.71% | |
| Electrical Components | 0.31% | |
| Heavy Electrical Equipment | -4.96% | |
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 | ฿6.35 | 31.2% +฿465.1m | 97.2% | PE17.1x | |
| LTS Light Up Total Solution | ฿2.50 | 41.2% +฿174.2m | -63.8% | PS1x | |
| QTC QTC Energy | ฿3.58 | 7.8% +฿88.7m | -4.3% | PE87.2x | |
| PIMO Pioneer Motor | ฿1.04 | 3.0% +฿21.8m | -10.3% | PE9.5x | |
| ARROW Arrow Syndicate | ฿5.05 | 1.0% +฿12.8m | 1.8% | PE9.1x |