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Thai (SET) Transportation Industry Analysis
UpdatedAug 12, 2025
DataAggregated Company Financials
Companies9
- 7D-0.4%
- 3M-23.5%
- 1Y-12.4%
- YTD-41.0%
Last week, the Transportation industry hasn't moved much but Kiattana Transport is up 3.3% in that time. As for the longer term, the industry has declined 12% in the last year. In the next few years, earnings are forecast to decline by 55% annually.
Industry Valuation and Performance
Has the Thai Transportation Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 Aug 2025 | ฿63.9b | ฿34.2b | ฿2.2b | 10.9x | 29.2x | 1.9x |
| Thu, 10 Jul 2025 | ฿62.3b | ฿34.3b | ฿2.2b | 10.6x | 28.4x | 1.8x |
| Sat, 07 Jun 2025 | ฿78.1b | ฿33.5b | ฿2.4b | 10.5x | 32.6x | 2.3x |
| Mon, 05 May 2025 | ฿92.9b | ฿61.3b | ฿3.1b | 12.2x | 30x | 1.5x |
| Wed, 02 Apr 2025 | ฿97.2b | ฿61.3b | ฿3.1b | 12.8x | 31.4x | 1.6x |
| Fri, 28 Feb 2025 | ฿111.5b | ฿60.1b | ฿3.1b | 12.8x | 36.2x | 1.9x |
| Sun, 26 Jan 2025 | ฿113.7b | ฿59.9b | -฿4,830,363,708.00 | 12.5x | -23.5x | 1.9x |
| Tue, 24 Dec 2024 | ฿87.4b | ฿57.1b | -฿5,219,669,256.00 | 12.9x | -16.7x | 1.5x |
| Thu, 21 Nov 2024 | ฿77.8b | ฿57.0b | -฿5,219,400,838.00 | 14.4x | -14.9x | 1.4x |
| Sat, 19 Oct 2024 | ฿66.2b | ฿31.1b | -฿4,754,073,638.00 | 13.6x | -13.9x | 2.1x |
| Mon, 16 Sep 2024 | ฿69.8b | ฿31.1b | -฿4,754,073,638.00 | 13.7x | -14.7x | 2.2x |
| Wed, 14 Aug 2024 | ฿57.7b | ฿31.9b | -฿5,110,245,692.00 | 11.1x | -11.3x | 1.8x |
| Fri, 12 Jul 2024 | ฿65.8b | ฿31.8b | -฿5,098,985,636.00 | 11.2x | -12.9x | 2.1x |
| Sun, 09 Jun 2024 | ฿71.5b | ฿31.8b | -฿5,098,985,636.00 | 11.6x | -14x | 2.2x |
| Tue, 07 May 2024 | ฿90.9b | ฿29.7b | -฿5,308,282,876.00 | 12.9x | -17.1x | 3.1x |
| Thu, 04 Apr 2024 | ฿83.2b | ฿29.7b | -฿5,308,282,876.00 | 13.6x | -15.7x | 2.8x |
| Sat, 02 Mar 2024 | ฿74.7b | ฿29.7b | -฿5,308,282,873.00 | 14x | -14.1x | 2.5x |
| Mon, 29 Jan 2024 | ฿97.3b | ฿29.7b | ฿752.2m | 17.7x | 129.4x | 3.3x |
| Wed, 27 Dec 2023 | ฿104.0b | ฿29.7b | ฿752.2m | 17.2x | 138.2x | 3.5x |
| Fri, 24 Nov 2023 | ฿103.4b | ฿29.7b | ฿752.2m | 16.8x | 137.4x | 3.5x |
| Sun, 22 Oct 2023 | ฿106.1b | ฿30.4b | ฿1.1b | 13.9x | 92.9x | 3.5x |
| Tue, 19 Sep 2023 | ฿104.9b | ฿30.4b | ฿1.1b | 15.6x | 91.9x | 3.5x |
| Thu, 17 Aug 2023 | ฿102.2b | ฿29.2b | ฿2.4b | 16.3x | 41.8x | 3.5x |
| Sat, 15 Jul 2023 | ฿110.0b | ฿29.4b | ฿2.4b | 15.9x | 45x | 3.7x |
| Mon, 12 Jun 2023 | ฿105.8b | ฿29.4b | ฿2.4b | 16.1x | 43.2x | 3.6x |
| Wed, 10 May 2023 | ฿111.7b | ฿29.5b | ฿3.4b | 17x | 32.4x | 3.8x |
| Fri, 07 Apr 2023 | ฿103.5b | ฿29.5b | ฿3.4b | 17.7x | 30x | 3.5x |
| Sun, 05 Mar 2023 | ฿110.4b | ฿30.1b | ฿3.4b | 16.3x | 32.6x | 3.7x |
| Tue, 31 Jan 2023 | ฿122.7b | ฿33.3b | ฿3.4b | 14.4x | 35.9x | 3.7x |
| Thu, 29 Dec 2022 | ฿120.9b | ฿33.3b | ฿3.4b | 14.4x | 35.4x | 3.6x |
| Sat, 26 Nov 2022 | ฿115.2b | ฿30.2b | ฿3.4b | 14.1x | 33.7x | 3.8x |
| Mon, 24 Oct 2022 | ฿118.4b | ฿34.4b | ฿3.3b | 17.3x | 35.4x | 3.4x |
| Wed, 21 Sep 2022 | ฿124.8b | ฿34.4b | ฿3.3b | 17.6x | 37.4x | 3.6x |
| Fri, 19 Aug 2022 | ฿120.7b | ฿34.4b | ฿3.3b | 17.6x | 36.1x | 3.5x |
Price to Earnings Ratio
36.1x
Current Industry PE
- Investors are relatively neutral on the Thai Transportation industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 30.7x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Transportation industry have declined 13% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | 0.81% | |
| Industrials | 1.34% | |
| Transportation | -0.36% | |
| Cargo Ground Transportation | 2.04% | |
| Trucking | 0.93% | |
| Railroads | -0.56% | |
Industry PE
- Investors are most optimistic about the Railroads industry even though it's trading below its 3-year average PE ratio of 54.1x.
- Analysts are expecting annual earnings decline of 0 so the market might believe that analysts are underestimating future growth.
Forecasted Growth
- Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Railroads industry is expected to see its earnings decline by 57% 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 | |
|---|---|---|---|---|---|
| KIAT Kiattana Transport | ฿0.31 | 3.3% +฿30.6m | -8.8% | PE20.9x | |
| ATP30 ATP 30 | ฿0.92 | 3.4% +฿20.5m | 8.2% | PE12.5x | |
| KGEN King Gen | ฿0.69 | 1.5% +฿20.0m | -54.6% | PS1.7x | |
| PL Phatra Leasing | ฿1.28 | 1.6% +฿11.9m | -21.0% | PS0.3x | |
| MPJ M P J Logistics | ฿3.42 | 1.2% +฿8.0m | n/a | PE5.9x |