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Thai (SET) Transportation Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies9
- 7D-5.3%
- 3M-19.7%
- 1Y-43.5%
- YTD-53.1%
Over the last 7 days, the Transportation industry has dropped 4.8%, driven by BTS Group Holdings declining 5.5%. However, the industry is down 42% over the past year. As for the next few years, earnings are forecast to decline by 32% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 12 Nov 2025 | ฿51.4b | ฿37.0b | ฿2.3b | 9.9x | 22.2x | 1.4x |
| Fri, 10 Oct 2025 | ฿56.3b | ฿37.0b | ฿2.3b | 10.3x | 24.2x | 1.5x |
| Sun, 07 Sep 2025 | ฿60.6b | ฿37.0b | ฿2.3b | 10.3x | 26.1x | 1.6x |
| Tue, 05 Aug 2025 | ฿62.4b | ฿34.3b | ฿2.2b | 10.4x | 28.4x | 1.8x |
| Thu, 03 Jul 2025 | ฿63.2b | ฿34.3b | ฿2.2b | 10.1x | 28.8x | 1.8x |
| Sat, 31 May 2025 | ฿84.8b | ฿58.7b | ฿3.1b | 12.1x | 27.7x | 1.4x |
| Mon, 28 Apr 2025 | ฿92.8b | ฿61.3b | ฿3.1b | 12.6x | 30x | 1.5x |
| Wed, 26 Mar 2025 | ฿98.9b | ฿61.3b | ฿3.1b | 12.9x | 32x | 1.6x |
| Fri, 21 Feb 2025 | ฿111.4b | ฿60.3b | ฿3.0b | 12.9x | 37.4x | 1.8x |
| Sun, 19 Jan 2025 | ฿87.7b | ฿59.9b | -฿4,830,363,708.00 | 12.5x | -18.1x | 1.5x |
| Tue, 17 Dec 2024 | ฿95.2b | ฿57.1b | -฿5,219,669,256.00 | 13.8x | -18.2x | 1.7x |
| Thu, 14 Nov 2024 | ฿79.4b | ฿58.1b | -฿4,619,853,108.00 | 13.2x | -17.2x | 1.4x |
| Sat, 12 Oct 2024 | ฿67.0b | ฿31.1b | -฿4,754,073,638.00 | 13.5x | -14.1x | 2.2x |
| Mon, 09 Sep 2024 | ฿69.0b | ฿31.1b | -฿4,754,073,638.00 | 13.7x | -14.5x | 2.2x |
| Wed, 07 Aug 2024 | ฿58.4b | ฿31.8b | -฿5,098,985,636.00 | 9.8x | -11.5x | 1.8x |
| Fri, 05 Jul 2024 | ฿64.6b | ฿31.8b | -฿5,098,985,636.00 | 10.9x | -12.7x | 2x |
| Sun, 02 Jun 2024 | ฿70.6b | ฿33.0b | -฿5,319,359,635.00 | 14.7x | -13.3x | 2.1x |
| Tue, 30 Apr 2024 | ฿91.5b | ฿29.7b | -฿5,308,282,876.00 | 12.9x | -17.2x | 3.1x |
| Thu, 28 Mar 2024 | ฿83.2b | ฿29.7b | -฿5,308,282,876.00 | 13.6x | -15.7x | 2.8x |
| Sat, 24 Feb 2024 | ฿80.8b | ฿29.8b | -฿5,074,135,755.00 | 18.1x | -15.9x | 2.7x |
| Mon, 22 Jan 2024 | ฿99.0b | ฿29.7b | ฿752.2m | 17.7x | 131.6x | 3.3x |
| Wed, 20 Dec 2023 | ฿102.6b | ฿29.7b | ฿752.2m | 16.8x | 136.4x | 3.5x |
| Fri, 17 Nov 2023 | ฿104.4b | ฿30.3b | ฿969.3m | 17.2x | 107.7x | 3.4x |
| Sun, 15 Oct 2023 | ฿106.5b | ฿30.4b | ฿1.1b | 14.7x | 93.2x | 3.5x |
| Tue, 12 Sep 2023 | ฿103.5b | ฿30.4b | ฿1.1b | 15.8x | 90.7x | 3.4x |
| Thu, 10 Aug 2023 | ฿105.4b | ฿29.4b | ฿2.4b | 15.5x | 43.1x | 3.6x |
| Sat, 08 Jul 2023 | ฿107.4b | ฿29.4b | ฿2.4b | 16x | 43.9x | 3.6x |
| Mon, 05 Jun 2023 | ฿103.1b | ฿29.4b | ฿2.4b | 16.2x | 42.1x | 3.5x |
| Wed, 03 May 2023 | ฿110.3b | ฿29.5b | ฿3.4b | 17x | 32x | 3.7x |
| Fri, 31 Mar 2023 | ฿101.8b | ฿29.5b | ฿3.4b | 18.2x | 29.5x | 3.5x |
| Sun, 26 Feb 2023 | ฿115.3b | ฿30.1b | ฿3.4b | 14.7x | 33.9x | 3.8x |
| Tue, 24 Jan 2023 | ฿123.5b | ฿33.3b | ฿3.4b | 15x | 36.1x | 3.7x |
| Thu, 22 Dec 2022 | ฿118.6b | ฿33.3b | ฿3.4b | 13.8x | 34.7x | 3.6x |
| Sat, 19 Nov 2022 | ฿116.1b | ฿33.4b | ฿3.3b | 18x | 35.6x | 3.5x |
Price to Earnings Ratio
35.6x
Current Industry PE
- Investors are pessimistic on the Thai Transportation 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 22.2x which is lower than its 3-year average PE of 29.8x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Transportation industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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 | 0.16% | |
| Industrials | 3.16% | |
| Transportation | -5.34% | |
| Trucking | 1.09% | |
| Cargo Ground Transportation | -0.96% | |
| Railroads | -6.21% | |
Industry PE
- Investors are most optimistic about the Railroads industry even though it's trading below its 3-year average PE ratio of 52.9x.
- 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 15% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Railroads industry is expected to see its earnings decline by 33% 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 | |
|---|---|---|---|---|---|
| KCAR Krungthai Car Rent and Lease | ฿5.35 | 2.9% +฿37.5m | 12.9% | PE8.8x | |
| PL Phatra Leasing | ฿1.30 | 4.8% +฿35.8m | -25.3% | PS0.3x | |
| MPJ M P J Logistics | ฿3.58 | 3.5% +฿24.0m | -19.0% | PE6x | |
| ATP30 ATP 30 | ฿0.90 | 2.3% +฿13.6m | -8.2% | PE11.1x |