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Thai (SET) Electrical Industry Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies15
- 7D4.0%
- 3M40.8%
- 1Y43.0%
- YTD53.1%
In the last week, the Electrical industry is up 4.0%, with QTC Energy up 11%. Meanwhile, Tirathai actually underperformed within the industry, shrinking 5.3% in the last week. In the last 12 months, the industry was up 43%. As for the next few years, earnings are expected to grow by 43% per annum.
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, 10 Aug 2026 | ฿25.0b | ฿29.6b | ฿1.4b | 11.3x | 17.9x | 0.8x |
| Wed, 08 Jul 2026 | ฿23.3b | ฿29.3b | ฿1.3b | 11.4x | 18.3x | 0.8x |
| Fri, 05 Jun 2026 | ฿22.8b | ฿29.3b | ฿1.3b | 11.2x | 17.9x | 0.8x |
| Sun, 03 May 2026 | ฿17.8b | ฿28.0b | ฿969.3m | 10.2x | 18.4x | 0.6x |
| Tue, 31 Mar 2026 | ฿17.5b | ฿28.0b | ฿969.3m | 10.4x | 18.1x | 0.6x |
| Thu, 26 Feb 2026 | ฿17.4b | ฿28.5b | ฿1.5b | 10.5x | 11.7x | 0.6x |
| Sat, 24 Jan 2026 | ฿16.2b | ฿28.6b | ฿1.6b | 8.6x | 10.3x | 0.6x |
| Mon, 22 Dec 2025 | ฿16.3b | ฿28.6b | ฿1.6b | 8.9x | 10.4x | 0.6x |
| Wed, 19 Nov 2025 | ฿16.4b | ฿29.3b | ฿1.6b | 8.8x | 10.1x | 0.6x |
| Fri, 17 Oct 2025 | ฿17.3b | ฿29.7b | ฿1.8b | 9.7x | 9.4x | 0.6x |
| Sun, 14 Sep 2025 | ฿17.6b | ฿29.7b | ฿1.8b | 9.9x | 9.5x | 0.6x |
| Tue, 12 Aug 2025 | ฿17.5b | ฿30.7b | ฿1.6b | 9.9x | 11x | 0.6x |
| Thu, 10 Jul 2025 | ฿17.0b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Sat, 07 Jun 2025 | ฿16.9b | ฿30.5b | ฿1.6b | 9.6x | 10.5x | 0.6x |
| Mon, 05 May 2025 | ฿17.6b | ฿31.1b | ฿1.7b | 11x | 10.1x | 0.6x |
| Wed, 02 Apr 2025 | ฿17.4b | ฿31.1b | ฿1.7b | 11.1x | 10x | 0.6x |
| Fri, 28 Feb 2025 | ฿18.0b | ฿30.8b | ฿1.8b | 11.5x | 10.2x | 0.6x |
| Sun, 26 Jan 2025 | ฿19.5b | ฿31.3b | ฿1.7b | 12.5x | 11.5x | 0.6x |
| Tue, 24 Dec 2024 | ฿20.6b | ฿31.3b | ฿1.7b | 12.9x | 12.2x | 0.7x |
| Thu, 21 Nov 2024 | ฿20.8b | ฿31.3b | ฿1.7b | 13.4x | 12.3x | 0.7x |
| Sat, 19 Oct 2024 | ฿20.9b | ฿30.1b | ฿1.5b | 11.8x | 13.6x | 0.7x |
| Mon, 16 Sep 2024 | ฿21.1b | ฿30.1b | ฿1.5b | 11.8x | 13.8x | 0.7x |
| Wed, 14 Aug 2024 | ฿19.4b | ฿29.1b | ฿1.5b | 11.9x | 12.6x | 0.7x |
| Fri, 12 Jul 2024 | ฿21.7b | ฿29.1b | ฿1.5b | 12.9x | 14.3x | 0.7x |
| Sun, 09 Jun 2024 | ฿21.3b | ฿29.1b | ฿1.5b | 12.8x | 14.1x | 0.7x |
| Tue, 07 May 2024 | ฿19.6b | ฿28.4b | ฿1.4b | 11.7x | 14.1x | 0.7x |
| Thu, 04 Apr 2024 | ฿19.8b | ฿28.4b | ฿1.4b | 12.2x | 14.3x | 0.7x |
| Sat, 02 Mar 2024 | ฿19.3b | ฿28.4b | ฿1.3b | 12x | 14.5x | 0.7x |
| Mon, 29 Jan 2024 | ฿19.5b | ฿27.8b | ฿1.1b | 14.6x | 17.1x | 0.7x |
| Wed, 27 Dec 2023 | ฿18.8b | ฿27.8b | ฿1.1b | 14x | 16.5x | 0.7x |
| Fri, 24 Nov 2023 | ฿18.9b | ฿27.8b | ฿1.1b | 14.2x | 16.6x | 0.7x |
| Sun, 22 Oct 2023 | ฿18.8b | ฿28.7b | ฿842.3m | 14.3x | 22.3x | 0.7x |
| Tue, 19 Sep 2023 | ฿20.9b | ฿28.6b | ฿840.4m | 16.9x | 24.9x | 0.7x |
| Thu, 17 Aug 2023 | ฿20.0b | ฿28.6b | ฿839.2m | 14.7x | 23.8x | 0.7x |
Price to Earnings Ratio
23.8x
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 14.1x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 18% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | -0.73% | |
| Industrials | 0.22% | |
| Electrical | 3.98% | |
| Electrical Components | 4.71% | |
| Heavy Electrical Equipment | 0% | 0 |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 42.9%, which is higher than its past year's earnings growth of 12.5% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 9.6x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 43% 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 | |
|---|---|---|---|---|---|
| QTC QTC Energy | ฿5.10 | 11.4% +฿177.4m | 38.6% | PE124.2x | |
| KUMWEL Kumwell Corporation | ฿2.62 | 10.1% +฿103.2m | 122.0% | PE13.7x | |
| AKR Ekarat Engineering | ฿0.95 | 6.7% +฿88.3m | -6.9% | PE10.1x | |
| ASEFA Asefa | ฿6.10 | 2.5% +฿77.5m | 73.3% | PE10.8x | |
| CTW Charoong Thai Wire and Cable | ฿6.45 | 2.4% +฿59.7m | 137.1% | PE11.2x |