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Thai (SET) Transportation Industry Analysis
UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies9
- 7D-4.8%
- 3M0.6%
- 1Y-54.6%
- YTD6.1%
Over the last 7 days, the Transportation industry has dropped 4.8%, driven by BTS Group Holdings declining 5.4%. Overall the industry is down 55% in 12 months. As for the next few years, earnings are expected to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Thu, 26 Feb 2026 | ฿48.3b | ฿41.0b | -฿721,978,282.00 | 11x | -67x | 1.2x |
| Sat, 24 Jan 2026 | ฿45.1b | ฿40.4b | ฿2.9b | 10.4x | 15.3x | 1.1x |
| Mon, 22 Dec 2025 | ฿45.5b | ฿40.4b | ฿2.9b | 10x | 15.5x | 1.1x |
| Wed, 19 Nov 2025 | ฿49.6b | ฿43.8b | ฿3.0b | 10.3x | 16.4x | 1.1x |
| Fri, 17 Oct 2025 | ฿53.9b | ฿37.0b | ฿2.3b | 10.1x | 23.2x | 1.5x |
| Sun, 14 Sep 2025 | ฿61.6b | ฿37.0b | ฿2.3b | 10.7x | 26.5x | 1.7x |
| 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 |
Price to Earnings Ratio
32.6x
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 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- Total earnings for the Transportation industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 11% 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 | 3.38% | |
| Industrials | -3.41% | |
| Transportation | -4.75% | |
| Cargo Ground Transportation | 0.78% | |
| Trucking | -2.73% | |
| Railroads | -5.38% | |
Industry PE
- Investors are most optimistic about the Trucking industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Railroads industry, expecting annual earnings growth of 24% over the next 5 years.
- In contrast, the Cargo Ground Transportation industry is expected to see its earnings grow by 19% 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 | ฿0.35 | 2.9% +฿27.7m | 20.7% | PE30.9x | |
| ASAP Synergetic Auto Performance | ฿1.28 | 1.6% +฿14.5m | -7.2% | PE19.5x | |
| MPJ M P J Logistics | ฿4.04 | 0.5% +฿4.0m | 21.0% | PE6.7x |