Thai (SET) Electrical Components Industry Analysis

Industry Valuation and Performance

Has the Thai Electrical Components Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 07 Jun 2026	฿18.9b	฿25.3b	฿871.9m	11.6x	21.7x	0.7x
Tue, 05 May 2026	฿14.4b	฿23.9b	฿568.4m	10.4x	25.3x	0.6x
Thu, 02 Apr 2026	฿14.3b	฿23.9b	฿568.4m	10.7x	25.2x	0.6x
Sat, 28 Feb 2026	฿13.9b	฿24.2b	฿1.0b	10.5x	13.6x	0.6x
Mon, 26 Jan 2026	฿12.9b	฿24.3b	฿1.1b	8.7x	11.7x	0.5x
Wed, 24 Dec 2025	฿13.0b	฿24.3b	฿1.1b	9.4x	11.9x	0.5x
Fri, 21 Nov 2025	฿13.1b	฿24.3b	฿1.2b	8.8x	11.3x	0.5x
Sun, 19 Oct 2025	฿13.6b	฿24.7b	฿1.4b	9.7x	9.9x	0.6x
Tue, 16 Sep 2025	฿14.4b	฿24.7b	฿1.4b	10.3x	10.4x	0.6x
Thu, 14 Aug 2025	฿14.3b	฿25.2b	฿1.2b	10.1x	12x	0.6x
Sat, 12 Jul 2025	฿13.9b	฿25.1b	฿1.2b	10.3x	11.2x	0.6x
Mon, 09 Jun 2025	฿13.8b	฿25.1b	฿1.2b	10.2x	11.2x	0.6x
Wed, 07 May 2025	฿14.3b	฿25.5b	฿1.4b	11.3x	10.3x	0.6x
Fri, 04 Apr 2025	฿14.2b	฿25.5b	฿1.4b	11.8x	10.2x	0.6x
Sun, 02 Mar 2025	฿14.7b	฿25.3b	฿1.4b	11.5x	10.4x	0.6x
Tue, 28 Jan 2025	฿16.0b	฿25.8b	฿1.3b	13x	11.9x	0.6x
Thu, 26 Dec 2024	฿17.5b	฿25.8b	฿1.3b	14.3x	13x	0.7x
Sat, 23 Nov 2024	฿17.4b	฿25.8b	฿1.3b	14.7x	12.9x	0.7x
Mon, 21 Oct 2024	฿17.3b	฿25.0b	฿1.2b	12.1x	14.5x	0.7x
Wed, 18 Sep 2024	฿17.7b	฿25.0b	฿1.2b	11.9x	14.8x	0.7x
Fri, 16 Aug 2024	฿16.0b	฿24.6b	฿1.2b	11.9x	13x	0.7x
Sun, 14 Jul 2024	฿18.1b	฿24.3b	฿1.2b	13.2x	15.2x	0.7x
Tue, 11 Jun 2024	฿17.7b	฿24.3b	฿1.2b	12.9x	14.9x	0.7x
Thu, 09 May 2024	฿16.0b	฿23.8b	฿1.1b	11.7x	15.1x	0.7x
Sat, 06 Apr 2024	฿15.9b	฿23.8b	฿1.1b	12.2x	15x	0.7x
Mon, 04 Mar 2024	฿15.6b	฿23.7b	฿1.0b	12.5x	15.3x	0.7x
Wed, 31 Jan 2024	฿15.9b	฿22.9b	฿822.4m	15.6x	19.3x	0.7x
Fri, 29 Dec 2023	฿15.3b	฿22.9b	฿822.4m	14.9x	18.6x	0.7x
Sun, 26 Nov 2023	฿15.3b	฿22.9b	฿822.4m	14.7x	18.6x	0.7x
Tue, 24 Oct 2023	฿15.2b	฿23.3b	฿526.1m	14.8x	29x	0.7x
Thu, 21 Sep 2023	฿16.5b	฿23.3b	฿524.2m	16.6x	31.5x	0.7x
Sat, 19 Aug 2023	฿16.4b	฿23.3b	฿523.1m	15.4x	31.3x	0.7x
Mon, 17 Jul 2023	฿16.3b	฿23.8b	฿641.3m	20.3x	25.5x	0.7x
Wed, 14 Jun 2023	฿19.2b	฿53.0b	฿3.8b	17.4x	5.1x	0.4x

Current Industry PE

Investors are optimistic on the Thai Electrical Components and Equipment industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of 16.1x.

The industry is trading close to its 3-year average PS ratio of 0.63x.

Past Earnings Growth

The earnings for companies in the Electrical Components and Equipment industry have declined 39% per year over the last three years,
Revenues have also declined 22% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Thai Electrical Components compare with similar industries?


TH Market	0.90%
Industrials	3.94%
Electrical	6.15%
Electrical Components	6.87%
Heavy Electrical Equipment	2.67%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
TRT Tirathai	฿10.50	32.1% +฿785.4m	224.1%	PE14x
ASEFA Asefa	฿5.80	8.4% +฿232.6m	70.6%	PE10.3x
ARROW Arrow Syndicate	฿5.65	7.6% +฿102.8m	15.8%	PE10.2x
QTC QTC Energy	฿4.70	5.9% +฿88.7m	22.4%	PE114.4x
AKR Ekarat Engineering	฿0.93	4.5% +฿58.9m	-3.1%	PE13x

New major risk - Revenue and earnings growth

Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿877.2m market cap, or US$26.9m).

Thai (SET) Electrical Components Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Now 24% overvalued after recent price rise

Investor sentiment improves as stock rises 29%

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 22%

Now 22% undervalued

First quarter 2026 earnings released: EPS: ฿0.046 (vs ฿0.09 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.017 in 1Q 2025)

First quarter 2026 earnings released: EPS: ฿0.17 (vs ฿0.15 in 1Q 2025)

Now 20% overvalued

New minor risk - Profit margin trend

First quarter 2026 earnings released: ฿0.031 loss per share (vs ฿0.013 profit in 1Q 2025)

Upcoming dividend of ฿0.026 per share

Solartron Public Company Limited, Annual General Meeting, Apr 30, 2026