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Thai (SET) Materials Sector Analysis
UpdatedNov 25, 2025
DataAggregated Company Financials
Companies100
- 7D0.7%
- 3M-13.9%
- 1Y-18.3%
- YTD-15.4%
Over the last 7 days, the Materials industry has dropped 1.3%, driven by Indorama Ventures declining 4.3%. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 32% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 29 Nov 2025 | ฿737.8b | ฿2.2t | ฿20.4b | 9.3x | 36.1x | 0.3x |
| Mon, 27 Oct 2025 | ฿832.1b | ฿2.2t | ฿4.0b | 10.1x | 205.7x | 0.4x |
| Wed, 24 Sep 2025 | ฿874.9b | ฿2.2t | ฿3.0b | 10.7x | 288.7x | 0.4x |
| Fri, 22 Aug 2025 | ฿899.4b | ฿2.2t | ฿3.1b | 10.6x | 292.6x | 0.4x |
| Sun, 20 Jul 2025 | ฿813.8b | ฿2.3t | -฿25,442,891,199.00 | 10.3x | -32x | 0.4x |
| Tue, 17 Jun 2025 | ฿746.6b | ฿2.3t | -฿25,726,335,199.00 | 9.9x | -29x | 0.3x |
| Thu, 15 May 2025 | ฿758.7b | ฿2.3t | -฿27,060,884,465.00 | 10.3x | -28x | 0.3x |
| Sat, 12 Apr 2025 | ฿673.6b | ฿2.3t | -฿20,346,950,970.00 | 8.9x | -33.1x | 0.3x |
| Mon, 10 Mar 2025 | ฿744.8b | ฿2.3t | -฿26,370,937,835.00 | 9.9x | -28.2x | 0.3x |
| Wed, 05 Feb 2025 | ฿771.0b | ฿2.4t | -฿26,238,424,785.00 | 10.8x | -29.4x | 0.3x |
| Fri, 03 Jan 2025 | ฿871.2b | ฿2.4t | -฿25,929,799,785.00 | 11x | -33.6x | 0.4x |
| Sun, 01 Dec 2024 | ฿903.6b | ฿2.4t | -฿25,915,718,631.00 | 11.5x | -34.9x | 0.4x |
| Tue, 29 Oct 2024 | ฿975.4b | ฿2.4t | ฿6.3b | 11.8x | 155.2x | 0.4x |
| Thu, 26 Sep 2024 | ฿1.1t | ฿2.4t | ฿6.5b | 12.5x | 167.8x | 0.5x |
| Sat, 24 Aug 2024 | ฿932.6b | ฿2.4t | ฿6.5b | 11.4x | 143.9x | 0.4x |
| Mon, 22 Jul 2024 | ฿971.2b | ฿2.3t | ฿27.9b | 11.9x | 34.8x | 0.4x |
| Wed, 19 Jun 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.3x | 36.3x | 0.4x |
| Fri, 17 May 2024 | ฿1.1t | ฿2.3t | ฿30.6b | 13.5x | 36.4x | 0.5x |
| Sun, 14 Apr 2024 | ฿1.2t | ฿2.3t | ฿44.5b | 13.9x | 25.9x | 0.5x |
| Tue, 12 Mar 2024 | ฿1.1t | ฿2.3t | ฿45.2b | 14.4x | 24.9x | 0.5x |
| Thu, 08 Feb 2024 | ฿1.1t | ฿2.3t | ฿32.7b | 14.2x | 35.1x | 0.5x |
| Sat, 06 Jan 2024 | ฿1.2t | ฿2.3t | ฿33.8b | 14.3x | 36.8x | 0.5x |
| Mon, 04 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.1x | 35.9x | 0.5x |
| Wed, 01 Nov 2023 | ฿1.2t | ฿2.4t | ฿28.4b | 14x | 41.2x | 0.5x |
| Fri, 29 Sep 2023 | ฿1.2t | ฿2.4t | ฿29.3b | 15.3x | 42x | 0.5x |
| Sun, 27 Aug 2023 | ฿1.3t | ฿2.4t | ฿28.9b | 16.2x | 45.4x | 0.5x |
| Tue, 25 Jul 2023 | ฿1.3t | ฿2.6t | ฿64.3b | 15x | 20.6x | 0.5x |
| Thu, 22 Jun 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 15.2x | 20.9x | 0.5x |
| Sat, 20 May 2023 | ฿1.4t | ฿2.6t | ฿66.6b | 15x | 20.6x | 0.5x |
| Mon, 17 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 15.7x | 18x | 0.5x |
| Wed, 15 Mar 2023 | ฿1.5t | ฿2.7t | ฿84.7b | 14.9x | 17.1x | 0.5x |
| Fri, 10 Feb 2023 | ฿1.6t | ฿2.7t | ฿117.5b | 15.6x | 13.7x | 0.6x |
| Sun, 08 Jan 2023 | ฿1.6t | ฿2.7t | ฿126.4b | 14.5x | 12.7x | 0.6x |
| Tue, 06 Dec 2022 | ฿1.6t | ฿2.7t | ฿126.2b | 15.2x | 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 36.1x which is lower than its 3-year average PE of 46.9x.
- 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 7.4% 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 | 0.18% | |
| Materials | 0.72% | |
| Basic Materials | 1.41% | |
| Chemicals | 0.38% | |
| Metals and Mining | -0.028% | |
| Packaging | -0.076% | |
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 88% 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 | |
|---|---|---|---|---|---|
| SCC Siam Cement | ฿186.50 | 1.9% +฿4.2b | 1.6% | PE13x | |
| PTTGC PTT Global Chemical | ฿19.90 | 4.2% +฿3.6b | -21.2% | PS0.2x | |
| TOA TOA Paint (Thailand) | ฿13.00 | 8.3% +฿1.9b | -9.1% | PE10x | |
| TASCO Tipco Asphalt | ฿13.90 | 1.5% +฿315.7m | -27.2% | PE13.7x | |
| BCT Birla Carbon (Thailand) | ฿52.00 | 2.0% +฿300.0m | -24.1% | PE5.1x |