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Thai (SET) Materials Sector Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies100
- 7D-2.6%
- 3M-15.9%
- 1Y-20.7%
- YTD-14.6%
Over the last 7 days, the Materials industry has dropped 2.6%, driven by a pullback from Siam Cement of 3.7%. However, the industry is down 21% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.
Sector Valuation and Performance
Has the Thai Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | ฿740.9b | ฿2.2t | ฿20.4b | 9.3x | 36.3x | 0.3x |
| Sun, 19 Oct 2025 | ฿805.4b | ฿2.2t | ฿3.0b | 10.4x | 265.9x | 0.4x |
| Tue, 16 Sep 2025 | ฿905.2b | ฿2.2t | ฿3.0b | 11.1x | 298.7x | 0.4x |
| Thu, 14 Aug 2025 | ฿851.6b | ฿2.3t | -฿10,751,810,138.00 | 11.1x | -79.2x | 0.4x |
| Sat, 12 Jul 2025 | ฿752.5b | ฿2.3t | -฿25,726,335,199.00 | 10.1x | -29.3x | 0.3x |
| Mon, 09 Jun 2025 | ฿741.9b | ฿2.3t | -฿25,767,510,779.00 | 10.1x | -28.8x | 0.3x |
| Wed, 07 May 2025 | ฿721.6b | ฿2.3t | -฿22,544,387,130.00 | 9.3x | -32x | 0.3x |
| Fri, 04 Apr 2025 | ฿712.4b | ฿2.3t | -฿20,346,950,970.00 | 10x | -35x | 0.3x |
| Sun, 02 Mar 2025 | ฿687.5b | ฿2.3t | -฿24,892,072,724.00 | 9.9x | -27.6x | 0.3x |
| Tue, 28 Jan 2025 | ฿805.9b | ฿2.4t | -฿25,585,177,785.00 | 10.9x | -31.5x | 0.3x |
| Thu, 26 Dec 2024 | ฿875.7b | ฿2.4t | -฿25,929,799,785.00 | 11.3x | -33.8x | 0.4x |
| Sat, 23 Nov 2024 | ฿936.2b | ฿2.4t | -฿22,456,122,232.00 | 11.5x | -41.7x | 0.4x |
| Mon, 21 Oct 2024 | ฿989.8b | ฿2.4t | ฿6.5b | 12x | 152.7x | 0.4x |
| Wed, 18 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 12.1x | 159.8x | 0.4x |
| Fri, 16 Aug 2024 | ฿868.6b | ฿2.4t | ฿8.0b | 10.3x | 109.2x | 0.4x |
| Sun, 14 Jul 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.5x | 36.4x | 0.4x |
| Tue, 11 Jun 2024 | ฿1.1t | ฿2.3t | ฿27.9b | 12.7x | 38.2x | 0.5x |
| Thu, 09 May 2024 | ฿1.1t | ฿2.3t | ฿31.4b | 13.9x | 35.6x | 0.5x |
| Sat, 06 Apr 2024 | ฿1.1t | ฿2.3t | ฿44.5b | 13.6x | 25.3x | 0.5x |
| Mon, 04 Mar 2024 | ฿1.1t | ฿2.3t | ฿45.0b | 14.2x | 24.8x | 0.5x |
| Wed, 31 Jan 2024 | ฿1.1t | ฿2.3t | ฿33.3b | 14.4x | 34.5x | 0.5x |
| Fri, 29 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 13.9x | 36.9x | 0.5x |
| Sun, 26 Nov 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.2x | 35.9x | 0.5x |
| Tue, 24 Oct 2023 | ฿1.2t | ฿2.4t | ฿29.0b | 14x | 40.2x | 0.5x |
| Thu, 21 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 15.5x | 42.8x | 0.5x |
| Sat, 19 Aug 2023 | ฿1.3t | ฿2.4t | ฿29.0b | 15.5x | 44.3x | 0.5x |
| Mon, 17 Jul 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 14.8x | 21.2x | 0.5x |
| Wed, 14 Jun 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 16.1x | 21.4x | 0.5x |
| Fri, 12 May 2023 | ฿1.4t | ฿2.6t | ฿85.9b | 15.6x | 16.6x | 0.5x |
| Sun, 09 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 15.6x | 18x | 0.5x |
| Tue, 07 Mar 2023 | ฿1.5t | ฿2.7t | ฿87.8b | 16.4x | 17.4x | 0.6x |
| Thu, 02 Feb 2023 | ฿1.6t | ฿2.7t | ฿117.5b | 15.3x | 13.8x | 0.6x |
| Sat, 31 Dec 2022 | ฿1.6t | ฿2.7t | ฿126.4b | 14.9x | 12.7x | 0.6x |
| Mon, 28 Nov 2022 | ฿1.6t | ฿2.7t | ฿126.4b | 15.1x | 12.7x | 0.6x |
Price to Earnings Ratio
12.7x
Current Industry PE
- Investors are pessimistic on the Thai Materials 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 36.3x which is lower than its 3-year average PE of 46.7x.
- The industry is trading close to its 3-year average PS ratio of 0.45x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 46% per year over the last three years,
- Revenues have also declined 7.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Materials sector?
| TH Market | -0.45% | |
| Materials | -2.58% | |
| Metals and Mining | -0.91% | |
| Chemicals | -1.40% | |
| Basic Materials | -2.56% | |
| Packaging | -5.69% | |
Industry PE
- Investors are most optimistic about the Metals and Mining 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 Chemicals industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Basic Materials industry is expected to see its earnings decline by 7.6% 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 | |
|---|---|---|---|---|---|
| BCT Birla Carbon (Thailand) | ฿51.00 | 3.0% +฿450.0m | -25.8% | PE5x | |
| BGC BG Container Glass | ฿4.02 | 10.4% +฿263.9m | -46.8% | PE13.6x | |
| SFLEX Starflex | ฿2.90 | 11.5% +฿225.7m | -8.2% | PE8.5x | |
| GGC Global Green Chemicals | ฿3.62 | 6.5% +฿225.2m | -21.0% | PS0.2x | |
| PSP P.S.P. Specialties | ฿4.72 | 3.1% +฿196.0m | 7.8% | PE7.3x |