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Thai (SET) Infrastructure Industry Analysis
UpdatedJan 13, 2026
DataAggregated Company Financials
Companies8
- 7D-5.9%
- 3M24.0%
- 1Y-11.6%
- YTD-5.9%
Over the last 7 days, the Infrastructure industry has dropped 5.9%, driven by a pullback from Airports of Thailand of 6.4%. The industry has fallen 12% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Thai Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 13 Jan 2026 | ฿835.6b | ฿95.7b | ฿23.8b | 17.3x | 35.1x | 8.7x |
| Thu, 11 Dec 2025 | ฿881.0b | ฿95.7b | ฿23.8b | 17.2x | 37x | 9.2x |
| Sat, 08 Nov 2025 | ฿699.0b | ฿96.8b | ฿24.3b | 18x | 28.8x | 7.2x |
| Mon, 06 Oct 2025 | ฿731.7b | ฿96.8b | ฿24.3b | 18x | 30.2x | 7.6x |
| Wed, 03 Sep 2025 | ฿624.9b | ฿96.8b | ฿24.3b | 17.5x | 25.8x | 6.5x |
| Fri, 01 Aug 2025 | ฿698.9b | ฿97.4b | ฿24.9b | 18.7x | 28x | 7.2x |
| Sun, 29 Jun 2025 | ฿533.2b | ฿97.4b | ฿24.9b | 15.8x | 21.4x | 5.5x |
| Tue, 27 May 2025 | ฿599.3b | ฿97.4b | ฿24.9b | 20.8x | 24x | 6.2x |
| Thu, 24 Apr 2025 | ฿666.2b | ฿97.4b | ฿25.6b | 23.3x | 26x | 6.8x |
| Sat, 22 Mar 2025 | ฿686.3b | ฿97.4b | ฿25.6b | 22.1x | 26.8x | 7x |
| Mon, 17 Feb 2025 | ฿802.6b | ฿97.5b | ฿25.6b | 27.4x | 31.4x | 8.2x |
| Wed, 15 Jan 2025 | ฿951.7b | ฿95.5b | ฿24.8b | 27.9x | 38.4x | 10x |
| Fri, 13 Dec 2024 | ฿1.0t | ฿95.5b | ฿24.8b | 31.4x | 41.5x | 10.8x |
| Sun, 10 Nov 2024 | ฿1.0t | ฿94.1b | ฿24.1b | 27.7x | 42.8x | 10.9x |
| Tue, 08 Oct 2024 | ฿1.1t | ฿94.1b | ฿24.1b | 33.3x | 44.8x | 11.5x |
| Thu, 05 Sep 2024 | ฿1.0t | ฿94.1b | ฿24.1b | 31.1x | 42.6x | 10.9x |
| Sat, 03 Aug 2024 | ฿957.0b | ฿90.2b | ฿22.5b | 32.5x | 42.6x | 10.6x |
| Mon, 01 Jul 2024 | ฿986.3b | ฿90.2b | ฿22.5b | 32.3x | 43.9x | 10.9x |
| Wed, 29 May 2024 | ฿1.1t | ฿92.8b | ฿24.8b | 13.8x | 44.3x | 11.8x |
| Fri, 26 Apr 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 24.9x | 59.6x | 13.2x |
| Sun, 24 Mar 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 24.6x | 60.3x | 13.4x |
| Tue, 20 Feb 2024 | ฿1.1t | ฿81.6b | ฿18.0b | 36.8x | 59.5x | 13.1x |
| Thu, 18 Jan 2024 | ฿1.0t | ฿74.7b | ฿13.8b | 36.3x | 75.5x | 13.9x |
| Sat, 16 Dec 2023 | ฿1.0t | ฿74.7b | ฿13.8b | 33.4x | 75.5x | 13.9x |
| Mon, 13 Nov 2023 | ฿1.1t | ฿65.5b | ฿8.9b | 36.5x | 127.2x | 17.3x |
| Wed, 11 Oct 2023 | ฿1.2t | ฿65.1b | ฿8.7b | 27.4x | 131.7x | 17.7x |
| Fri, 08 Sep 2023 | ฿1.2t | ฿63.7b | ฿8.5b | 15.8x | 141.4x | 18.8x |
| Sun, 06 Aug 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 17.7x | 623.9x | 22.7x |
| Tue, 04 Jul 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 15.9x | 628.5x | 22.8x |
| Thu, 01 Jun 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 27.4x | 618.3x | 22.5x |
| Sat, 29 Apr 2023 | ฿1.2t | ฿45.7b | -฿3,316,942,701.00 | 37.5x | -370x | 26.9x |
| Mon, 27 Mar 2023 | ฿1.2t | ฿45.7b | -฿3,316,942,701.00 | 19.2x | -362.6x | 26.3x |
| Wed, 22 Feb 2023 | ฿1.2t | ฿37.2b | -฿8,354,772,252.00 | 23.6x | -147.1x | 33x |
| Fri, 20 Jan 2023 | ฿1.3t | ฿37.2b | -฿8,354,772,252.00 | 23.6x | -150.1x | 33.7x |
Price to Earnings Ratio
-150.1x
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 35.1x which is lower than its 3-year average PE of 58.8x.
- The 3-year average PS ratio of 13.8x is higher than the industry's current PS ratio of 8.7x.
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 37% 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 Market | -2.99% | |
| Industrials | -5.12% | |
| Infrastructure | -5.91% | |
| Marine Ports and Services | 0.15% | |
| Highways and Railtracks | -2.45% | |
| Airport Services | -6.34% | |
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 18.6%, which is higher than its past year's earnings growth of 12.6% per year.
- Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 3.0% 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 | |
|---|---|---|---|---|---|
| DMT Don Muang Tollway | ฿10.60 | 2.9% +฿354.4m | 1.0% | PE13.6x |