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Thai (SET) Infrastructure Industry Analysis
UpdatedMay 30, 2026
DataAggregated Company Financials
Companies8
- 7D4.3%
- 3M-0.9%
- 1Y53.2%
- YTD1.1%
The Infrastructure industry is up 4.3% in the last week, with Airports of Thailand up 4.7%. This takes the industry's 12 month performance to a gain of 53%. Looking forward, earnings are forecast to grow by 23% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 30 May 2026 | ฿898.2b | ฿95.9b | ฿23.9b | 20.6x | 37.6x | 9.4x |
| Mon, 27 Apr 2026 | ฿889.0b | ฿95.3b | ฿23.2b | 16.8x | 38.4x | 9.3x |
| Wed, 25 Mar 2026 | ฿803.7b | ฿95.3b | ฿23.2b | 16.5x | 34.7x | 8.4x |
| Fri, 20 Feb 2026 | ฿929.0b | ฿94.9b | ฿23.1b | 20.3x | 40.1x | 9.8x |
| Sun, 18 Jan 2026 | ฿854.8b | ฿95.7b | ฿23.8b | 17.4x | 35.9x | 8.9x |
| Tue, 16 Dec 2025 | ฿873.6b | ฿95.7b | ฿23.8b | 17.2x | 36.6x | 9.1x |
| Thu, 13 Nov 2025 | ฿708.7b | ฿96.9b | ฿24.3b | 17.7x | 29.2x | 7.3x |
| Sat, 11 Oct 2025 | ฿695.2b | ฿96.8b | ฿24.3b | 17.8x | 28.7x | 7.2x |
| Mon, 08 Sep 2025 | ฿659.5b | ฿96.8b | ฿24.3b | 18.6x | 27.2x | 6.8x |
| Wed, 06 Aug 2025 | ฿675.6b | ฿97.4b | ฿24.9b | 18x | 27.1x | 6.9x |
| Fri, 04 Jul 2025 | ฿546.4b | ฿97.4b | ฿24.9b | 16.7x | 21.9x | 5.6x |
| Sun, 01 Jun 2025 | ฿586.3b | ฿97.4b | ฿24.9b | 19.9x | 23.5x | 6x |
| Tue, 29 Apr 2025 | ฿646.9b | ฿97.4b | ฿25.6b | 23.9x | 25.3x | 6.6x |
| Thu, 27 Mar 2025 | ฿684.1b | ฿97.4b | ฿25.6b | 21.9x | 26.7x | 7x |
| Sat, 22 Feb 2025 | ฿754.1b | ฿97.7b | ฿25.7b | 25.8x | 29.3x | 7.7x |
| Mon, 20 Jan 2025 | ฿954.5b | ฿95.5b | ฿24.8b | 27.8x | 38.5x | 10x |
| Wed, 18 Dec 2024 | ฿995.5b | ฿95.5b | ฿24.8b | 29.7x | 40.1x | 10.4x |
| Fri, 15 Nov 2024 | ฿1.0t | ฿93.9b | ฿23.9b | 23.1x | 42.3x | 10.8x |
| Sun, 13 Oct 2024 | ฿1.1t | ฿94.1b | ฿24.1b | 32.3x | 44.8x | 11.5x |
| Tue, 10 Sep 2024 | ฿1.1t | ฿94.1b | ฿24.1b | 32.6x | 43.9x | 11.2x |
| Thu, 08 Aug 2024 | ฿954.5b | ฿90.3b | ฿22.5b | 31.2x | 42.4x | 10.6x |
| Sat, 06 Jul 2024 | ฿967.8b | ฿90.2b | ฿22.5b | 32.3x | 43x | 10.7x |
| Mon, 03 Jun 2024 | ฿1.1t | ฿90.1b | ฿22.5b | 33.2x | 48.7x | 12.2x |
| Wed, 01 May 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 25.1x | 60.5x | 13.4x |
| Fri, 29 Mar 2024 | ฿1.1t | ฿82.6b | ฿18.3b | 24.6x | 60.3x | 13.4x |
| Sun, 25 Feb 2024 | ฿1.1t | ฿81.9b | ฿18.0b | 25.9x | 60.4x | 13.3x |
| Tue, 23 Jan 2024 | ฿1.0t | ฿74.7b | ฿13.8b | 35.3x | 74x | 13.6x |
| Thu, 21 Dec 2023 | ฿1.0t | ฿74.7b | ฿13.8b | 33.4x | 74.1x | 13.7x |
| Sat, 18 Nov 2023 | ฿1.2t | ฿66.1b | ฿9.0b | 35.5x | 128.4x | 17.5x |
| Mon, 16 Oct 2023 | ฿1.2t | ฿65.1b | ฿8.7b | 28.1x | 132.1x | 17.8x |
| Wed, 13 Sep 2023 | ฿1.2t | ฿63.7b | ฿8.5b | 15.6x | 140.6x | 18.7x |
| Fri, 11 Aug 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 16.4x | 624.7x | 22.7x |
| Sun, 09 Jul 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 15.9x | 622.4x | 22.6x |
| Tue, 06 Jun 2023 | ฿1.2t | ฿52.4b | ฿1.9b | 16.7x | 616.8x | 22.4x |
Price to Earnings Ratio
616.8x
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 37.6x which is lower than its 3-year average PE of 90.0x.
- The 3-year average PS ratio of 11.4x is higher than the industry's current PS ratio of 9.4x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 132% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | 1.95% | |
| Industrials | 4.63% | |
| Infrastructure | 4.25% | |
| Airport Services | 4.69% | |
| Highways and Railtracks | 0.83% | |
| Marine Ports and Services | -0.70% | |
Industry PE
- Investors are most optimistic about the Airport Services industry which is trading above its 3-year average PE ratio of 15.2x.
- Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 6.9% per year.
- Investors are most pessimistic about the Highways and Railtracks industry, which is trading below its 3-year average of 26.9x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 6.9% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 6.5% 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 | |
|---|---|---|---|---|---|
| AOT Airports of Thailand | ฿55.25 | 4.7% +฿35.7b | 66.2% | PE43.6x | |
| BEM Bangkok Expressway and Metro | ฿5.20 | 1.0% +฿748.9m | -2.8% | PE20.6x | |
| BAFS Bangkok Aviation Fuel Services | ฿8.75 | 4.2% +฿223.1m | 5.4% | PE33.7x |