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Thai (SET) Logistics Industry Analysis
UpdatedSep 26, 2025
DataAggregated Company Financials
Companies11
- 7D-7.3%
- 3M5.8%
- 1Y-32.7%
- YTD-15.7%
Over the last 7 days, the Logistics industry has dropped 7.3%, driven by KEX Express (Thailand) declining 40%. On the other hand Leo Global Logistics is actually up 5.8%. The industry has fallen 33% in the last year. Earnings are forecast to grow by 9.4% annually.
Industry Valuation and Performance
Has the Thai Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Sep 2025 | ฿35.7b | ฿57.4b | -฿3,429,080,157.00 | 13x | -10.4x | 0.6x |
| Sun, 24 Aug 2025 | ฿38.8b | ฿57.4b | -฿3,429,080,157.00 | 13x | -11.3x | 0.7x |
| Tue, 22 Jul 2025 | ฿35.0b | ฿58.1b | -฿3,076,361,680.00 | 10.1x | -11.4x | 0.6x |
| Thu, 19 Jun 2025 | ฿34.0b | ฿58.0b | -฿3,277,762,680.00 | 9.3x | -10.4x | 0.6x |
| Sat, 17 May 2025 | ฿33.4b | ฿59.3b | -฿3,604,023,680.00 | 8.6x | -9.3x | 0.6x |
| Mon, 14 Apr 2025 | ฿28.3b | ฿59.1b | -฿3,580,695,564.00 | 10.6x | -7.9x | 0.5x |
| Wed, 12 Mar 2025 | ฿30.9b | ฿59.1b | -฿3,580,695,564.00 | 11.5x | -8.6x | 0.5x |
| Fri, 07 Feb 2025 | ฿32.9b | ฿58.6b | -฿1,838,154,438.00 | 11.3x | -17.9x | 0.6x |
| Sun, 05 Jan 2025 | ฿42.5b | ฿58.6b | -฿1,838,154,438.00 | 15.1x | -23.1x | 0.7x |
| Tue, 03 Dec 2024 | ฿46.4b | ฿58.6b | -฿1,838,154,438.00 | 17.4x | -25.2x | 0.8x |
| Thu, 31 Oct 2024 | ฿41.7b | ฿45.7b | ฿2.7b | 14.1x | 15.7x | 0.9x |
| Sat, 28 Sep 2024 | ฿43.7b | ฿45.7b | ฿2.7b | 14.8x | 16.4x | 1x |
| Mon, 26 Aug 2024 | ฿41.2b | ฿45.7b | ฿2.7b | 14.3x | 15.5x | 0.9x |
| Wed, 24 Jul 2024 | ฿47.1b | ฿55.4b | -฿1,876,737,193.00 | 14x | -25.1x | 0.8x |
| Fri, 21 Jun 2024 | ฿49.5b | ฿55.4b | -฿1,876,737,193.00 | 14.4x | -26.4x | 0.9x |
| Sun, 19 May 2024 | ฿56.0b | ฿55.0b | -฿1,849,460,193.00 | 15.1x | -30.3x | 1x |
| Tue, 16 Apr 2024 | ฿61.2b | ฿54.1b | -฿1,291,722,896.00 | 14.7x | -47.4x | 1.1x |
| Thu, 14 Mar 2024 | ฿65.4b | ฿54.1b | -฿1,291,722,896.00 | 16.6x | -50.6x | 1.2x |
| Sat, 10 Feb 2024 | ฿65.1b | ฿49.9b | -฿539,556,452.00 | 17x | -120.6x | 1.3x |
| Mon, 08 Jan 2024 | ฿66.0b | ฿51.4b | -฿315,755,452.00 | 18.4x | -209.1x | 1.3x |
| Wed, 06 Dec 2023 | ฿50.9b | ฿46.2b | -฿1,715,486,369.00 | 15.3x | -29.7x | 1.1x |
| Fri, 03 Nov 2023 | ฿47.6b | ฿45.0b | -฿1,129,342,369.00 | 10.2x | -42.2x | 1.1x |
| Sun, 01 Oct 2023 | ฿60.4b | ฿45.0b | -฿1,129,342,369.00 | 12.5x | -53.5x | 1.3x |
| Tue, 29 Aug 2023 | ฿61.8b | ฿41.9b | -฿1,340,336,783.00 | 14.5x | -46.1x | 1.5x |
| Thu, 27 Jul 2023 | ฿65.6b | ฿41.9b | -฿775,663,448.00 | 11.7x | -84.6x | 1.6x |
| Sat, 24 Jun 2023 | ฿66.7b | ฿41.4b | -฿803,486,660.00 | 10.6x | -83.1x | 1.6x |
| Mon, 22 May 2023 | ฿69.6b | ฿41.4b | -฿803,486,660.00 | 11.1x | -86.6x | 1.7x |
| Wed, 19 Apr 2023 | ฿86.7b | ฿43.1b | -฿370,264,464.00 | 11.6x | -234.2x | 2x |
| Fri, 17 Mar 2023 | ฿84.0b | ฿43.1b | -฿370,264,464.00 | 11.8x | -227x | 1.9x |
| Sun, 12 Feb 2023 | ฿77.0b | ฿46.8b | -฿54,364,394.00 | 16.6x | -1416.4x | 1.6x |
| Tue, 10 Jan 2023 | ฿78.0b | ฿46.8b | -฿54,364,394.00 | 15.5x | -1435.6x | 1.7x |
| Thu, 08 Dec 2022 | ฿77.9b | ฿46.8b | -฿54,364,394.00 | 14.7x | -1432x | 1.7x |
| Sat, 05 Nov 2022 | ฿75.7b | ฿48.5b | ฿650.9m | 13.6x | 116.2x | 1.6x |
| Mon, 03 Oct 2022 | ฿73.4b | ฿48.5b | ฿650.9m | 13.8x | 112.8x | 1.5x |
Price to Earnings Ratio
112.8x
Current Industry PE
- Investors are pessimistic on the Thai Logistics industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.62x.
Past Earnings Growth
- Total earnings for the Logistics industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 5.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Industrials industry?
| TH Market | -0.70% | |
| Industrials | -1.86% | |
| Logistics | -7.27% | |
| Air Freight and Logistics | -7.27% | |
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 | |
|---|---|---|---|---|---|
| TPL Thai Parcels | ฿0.72 | 18.0% +฿57.6m | -48.9% | PE158.7x | |
| NCL NCL International Logistics | ฿0.33 | 13.8% +฿56.8m | -46.8% | PS0.3x | |
| LEO Leo Global Logistics | ฿2.20 | 4.8% +฿31.5m | -46.9% | PE17.3x | |
| SONIC Sonic Interfreight | ฿1.50 | 0.7% +฿7.7m | -7.4% | PE8.1x |