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Thai (SET) Infrastructure Industry Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.4%
  • 3M8.2%
  • 1Y-37.4%
  • YTD-36.4%

Over the last 7 days, the Infrastructure industry has dropped 2.4%, driven by a pullback from Airports of Thailand of 2.6%. The industry has fallen 37% in the last year. Looking forward, earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

Has the Thai Infrastructure Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025฿634.1b฿96.8b฿24.3b17.8x26.1x6.5x
Sun, 27 Jul 2025฿709.3b฿97.4b฿24.9b17.9x28.5x7.3x
Tue, 24 Jun 2025฿511.2b฿97.4b฿24.9b15.7x20.5x5.2x
Thu, 22 May 2025฿605.9b฿97.4b฿24.9b21.8x24.3x6.2x
Sat, 19 Apr 2025฿664.5b฿97.4b฿25.6b23.9x26x6.8x
Mon, 17 Mar 2025฿686.4b฿97.4b฿25.6b22.1x26.8x7x
Wed, 12 Feb 2025฿916.4b฿95.5b฿24.8b27.8x36.9x9.6x
Fri, 10 Jan 2025฿984.4b฿95.5b฿24.8b29.3x39.7x10.3x
Sun, 08 Dec 2024฿1.0t฿95.5b฿24.8b31.6x41.3x10.7x
Tue, 05 Nov 2024฿1.1t฿94.1b฿24.1b29.6x43.7x11.2x
Thu, 03 Oct 2024฿1.1t฿94.1b฿24.1b33.4x45.4x11.6x
Sat, 31 Aug 2024฿1.0t฿94.1b฿24.1b31.2x41.9x10.7x
Mon, 29 Jul 2024฿985.7b฿90.2b฿22.5b33.3x43.8x10.9x
Wed, 26 Jun 2024฿992.9b฿90.2b฿22.5b32.8x44.1x11x
Fri, 24 May 2024฿1.1t฿92.8b฿24.7b14.5x44.7x11.9x
Sun, 21 Apr 2024฿1.1t฿82.6b฿18.3b24.5x58.5x13x
Tue, 19 Mar 2024฿1.1t฿82.6b฿18.3b25x61x13.5x
Thu, 15 Feb 2024฿1.1t฿81.6b฿18.0b36x59.4x13.1x
Sat, 13 Jan 2024฿1.1t฿74.7b฿13.8b37.5x77.7x14.3x
Mon, 11 Dec 2023฿1.0t฿74.7b฿13.8b33.4x74.5x13.7x
Wed, 08 Nov 2023฿1.1t฿65.1b฿8.7b26.8x131.4x17.7x
Fri, 06 Oct 2023฿1.2t฿65.1b฿8.7b27.3x135.2x18.2x
Sun, 03 Sep 2023฿1.2t฿63.7b฿8.5b15.8x143.3x19.1x
Tue, 01 Aug 2023฿1.2t฿52.4b฿1.9b16.3x631.3x22.9x
Thu, 29 Jun 2023฿1.2t฿52.4b฿1.9b15.4x623.1x22.6x
Sat, 27 May 2023฿1.2t฿52.4b฿1.9b27.4x612.6x22.3x
Mon, 24 Apr 2023฿1.2t฿45.7b-฿3,316,942,701.0038.1x-366.9x26.6x
Wed, 22 Mar 2023฿1.2t฿45.7b-฿3,316,942,701.0019.1x-354.9x25.8x
Fri, 17 Feb 2023฿1.2t฿37.2b-฿8,354,772,252.0023.1x-146.8x33x
Sun, 15 Jan 2023฿1.2t฿37.2b-฿8,354,772,252.0023.7x-148.4x33.3x
Tue, 13 Dec 2022฿1.2t฿37.2b-฿8,354,772,252.0022.4x-147.9x33.2x
Thu, 10 Nov 2022฿1.3t฿30.1b-฿13,279,692,820.0024.3x-94.2x41.6x
Sat, 08 Oct 2022฿1.2t฿30.1b-฿13,279,692,820.0025x-91.6x40.4x
Mon, 05 Sep 2022฿1.2t฿30.1b-฿13,279,692,820.0026.1x-90.7x40x
Price to Earnings Ratio

-90.7x


Total Market Cap: ฿1.2tTotal Earnings: -฿13,279,692,820.00Total Revenue: ฿30.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Infrastructure Industry Price to Earnings3Y Average 40.7x202320242025
Current Industry PE
  • Investors are pessimistic on the Thai Infrastructure 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 26.1x which is lower than its 3-year average PE of 40.7x.
  • The 3-year average PS ratio of 17.6x is higher than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • Total earnings for the Infrastructure industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 48% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Industrials industry?

TH Market0.43%
Industrials0.71%
Infrastructure-2.38%
Highways and Railtracks-1.00%
Airport Services-2.61%
Marine Ports and Services-2.68%
Industry PE
  • Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 0.6%, which is lower than the prior year's growth of 21.9% per year.
  • Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 4.3% over the next 5 years.
  • This is better than its past earnings decline of 4.1% per year.
  • In contrast, the Airport Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
No data available

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