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Thai (SET) Electrical Industry Analysis
UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies15
- 7D0.6%
- 3M-0.9%
- 1Y-10.8%
- YTD0.3%
The Electrical is pretty flat in the last 7 days, but Kijcharoen Engineering Electric has stood out, gaining 3.4%. Unfortunately though, the industry is down 10% over the past 12 months. Earnings are forecast to grow by 17% 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, 11 Feb 2026 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Fri, 09 Jan 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.8x | 10.3x | 0.6x |
| Sun, 07 Dec 2025 | ฿16.4b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Tue, 04 Nov 2025 | ฿16.8b | ฿29.7b | ฿1.8b | 9.5x | 9.1x | 0.6x |
| Thu, 02 Oct 2025 | ฿17.7b | ฿29.7b | ฿1.8b | 9.8x | 9.6x | 0.6x |
| Sat, 30 Aug 2025 | ฿17.1b | ฿29.7b | ฿1.8b | 9.4x | 9.3x | 0.6x |
| Mon, 28 Jul 2025 | ฿17.1b | ฿30.5b | ฿1.6b | 9.6x | 10.6x | 0.6x |
| Wed, 25 Jun 2025 | ฿16.6b | ฿30.5b | ฿1.6b | 9.2x | 10.3x | 0.5x |
| Fri, 23 May 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Sun, 20 Apr 2025 | ฿17.1b | ฿31.1b | ฿1.7b | 10.3x | 9.8x | 0.6x |
| Tue, 18 Mar 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11.3x | 10.1x | 0.6x |
| Thu, 13 Feb 2025 | ฿18.1b | ฿31.3b | ฿1.7b | 11.2x | 10.7x | 0.6x |
| Sat, 11 Jan 2025 | ฿20.2b | ฿31.3b | ฿1.7b | 12.6x | 11.9x | 0.6x |
| Mon, 09 Dec 2024 | ฿21.2b | ฿31.3b | ฿1.7b | 13.3x | 12.5x | 0.7x |
| Wed, 06 Nov 2024 | ฿21.4b | ฿30.1b | ฿1.5b | 11.8x | 13.9x | 0.7x |
| Fri, 04 Oct 2024 | ฿21.6b | ฿30.1b | ฿1.5b | 12.1x | 14.1x | 0.7x |
| Sun, 01 Sep 2024 | ฿20.1b | ฿30.1b | ฿1.5b | 11.3x | 13.1x | 0.7x |
| Tue, 30 Jul 2024 | ฿20.4b | ฿29.1b | ฿1.5b | 12.8x | 13.4x | 0.7x |
| Thu, 27 Jun 2024 | ฿21.0b | ฿29.1b | ฿1.5b | 12.5x | 13.8x | 0.7x |
| Sat, 25 May 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 13.1x | 14.7x | 0.7x |
| Mon, 22 Apr 2024 | ฿19.1b | ฿28.4b | ฿1.4b | 11.7x | 13.8x | 0.7x |
| Wed, 20 Mar 2024 | ฿19.7b | ฿28.4b | ฿1.4b | 12.3x | 14.2x | 0.7x |
| Fri, 16 Feb 2024 | ฿19.5b | ฿28.0b | ฿1.2b | 14.8x | 16.2x | 0.7x |
| Sun, 14 Jan 2024 | ฿19.8b | ฿27.8b | ฿1.1b | 14.7x | 17.4x | 0.7x |
| Tue, 12 Dec 2023 | ฿18.7b | ฿27.8b | ฿1.1b | 14.2x | 16.4x | 0.7x |
| Thu, 09 Nov 2023 | ฿18.8b | ฿28.6b | ฿834.9m | 14.5x | 22.6x | 0.7x |
| Sat, 07 Oct 2023 | ฿19.6b | ฿28.7b | ฿842.3m | 14.6x | 23.2x | 0.7x |
| Mon, 04 Sep 2023 | ฿21.2b | ฿28.6b | ฿840.4m | 16.9x | 25.2x | 0.7x |
| Wed, 02 Aug 2023 | ฿20.7b | ฿28.9b | ฿936.1m | 16.5x | 22.2x | 0.7x |
| Fri, 30 Jun 2023 | ฿16.0b | ฿23.8b | ฿641.3m | 19x | 24.9x | 0.7x |
| Sun, 28 May 2023 | ฿49.5b | ฿53.0b | ฿3.8b | 15.8x | 13.1x | 0.9x |
| Tue, 25 Apr 2023 | ฿50.9b | ฿53.0b | ฿3.6b | 19.8x | 14.2x | 1x |
| Thu, 23 Mar 2023 | ฿50.9b | ฿53.0b | ฿3.6b | 20x | 14.2x | 1x |
| Sat, 18 Feb 2023 | ฿53.4b | ฿53.0b | ฿3.1b | 15.7x | 17x | 1x |
Price to Earnings Ratio
17x
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 10.3x which is lower than its 3-year average PE of 13.9x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 21% 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 | 5.57% | |
| Industrials | 7.28% | |
| Electrical | 0.55% | |
| Electrical Components | 0.69% | |
| Heavy Electrical Equipment | 0% | 0 |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings growth of 6.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 6.5% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| KJL Kijcharoen Engineering Electric | ฿6.15 | 3.4% +฿46.4m | -7.5% | PE8.3x | |
| L&E Lighting and Equipment | ฿1.10 | 5.8% +฿29.5m | -7.6% | PS0.2x | |
| AKR Ekarat Engineering | ฿0.85 | 1.2% +฿14.7m | -10.5% | PE5.3x | |
| TMI Teera-Mongkol Industry | ฿0.51 | 4.1% +฿13.4m | -20.3% | PE14.7x | |
| TRT Tirathai | ฿3.78 | 1.1% +฿12.3m | 12.5% | PE18.4x |