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Thai (SET) Materials Sector Analysis
UpdatedDec 26, 2025
DataAggregated Company Financials
Companies99
- 7D3.6%
- 3M-14.6%
- 1Y-12.0%
- YTD-12.6%
The Materials industry has gained 3.1% in the last week and PTT Global Chemical up 7.6%. In the same time, Chememan was down 7.5%. In contrast, the industry has lost 12% in the last 12 months. 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, 26 Dec 2025 | ฿753.8b | ฿2.1t | ฿20.6b | 10.3x | 36.6x | 0.4x |
| Sun, 23 Nov 2025 | ฿730.7b | ฿2.2t | ฿20.4b | 9.2x | 35.8x | 0.3x |
| Tue, 21 Oct 2025 | ฿805.4b | ฿2.2t | ฿4.0b | 10.3x | 199.1x | 0.4x |
| Thu, 18 Sep 2025 | ฿909.4b | ฿2.2t | ฿3.0b | 11.1x | 300.1x | 0.4x |
| Sat, 16 Aug 2025 | ฿830.3b | ฿2.2t | ฿4.4b | 10.8x | 190.1x | 0.4x |
| Mon, 14 Jul 2025 | ฿770.6b | ฿2.3t | -฿25,726,335,199.00 | 10.1x | -30x | 0.3x |
| Wed, 11 Jun 2025 | ฿743.0b | ฿2.3t | -฿25,783,045,779.00 | 10.4x | -28.8x | 0.3x |
| Fri, 09 May 2025 | ฿739.1b | ฿2.3t | -฿22,655,478,130.00 | 9.1x | -32.6x | 0.3x |
| Sun, 06 Apr 2025 | ฿678.4b | ฿2.3t | -฿20,346,950,970.00 | 10x | -33.3x | 0.3x |
| Tue, 04 Mar 2025 | ฿684.8b | ฿2.3t | -฿25,410,895,068.00 | 9.9x | -27x | 0.3x |
| Thu, 30 Jan 2025 | ฿800.7b | ฿2.4t | -฿26,860,346,785.00 | 10.9x | -29.8x | 0.3x |
| Sat, 28 Dec 2024 | ฿869.1b | ฿2.4t | -฿25,929,799,785.00 | 11.3x | -33.5x | 0.4x |
| Mon, 25 Nov 2024 | ฿936.2b | ฿2.4t | -฿25,897,676,176.00 | 11.5x | -36.1x | 0.4x |
| Wed, 23 Oct 2024 | ฿977.7b | ฿2.4t | ฿6.5b | 12x | 150.8x | 0.4x |
| Fri, 20 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 12.4x | 161.3x | 0.4x |
| Sun, 18 Aug 2024 | ฿886.0b | ฿2.4t | ฿6.5b | 11.2x | 136.3x | 0.4x |
| Tue, 16 Jul 2024 | ฿998.3b | ฿2.3t | ฿27.9b | 12.2x | 35.8x | 0.4x |
| Thu, 13 Jun 2024 | ฿1.1t | ฿2.3t | ฿27.9b | 12.6x | 37.8x | 0.5x |
| Sat, 11 May 2024 | ฿1.1t | ฿2.3t | ฿31.5b | 14x | 35.1x | 0.5x |
| Mon, 08 Apr 2024 | ฿1.1t | ฿2.3t | ฿44.5b | 13.5x | 25.3x | 0.5x |
| Wed, 06 Mar 2024 | ฿1.1t | ฿2.3t | ฿45.2b | 13.8x | 24.5x | 0.5x |
| Fri, 02 Feb 2024 | ฿1.1t | ฿2.3t | ฿33.3b | 14.4x | 34.4x | 0.5x |
| Sun, 31 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 13.9x | 36.9x | 0.5x |
| Tue, 28 Nov 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.3x | 35.9x | 0.5x |
| Thu, 26 Oct 2023 | ฿1.2t | ฿2.4t | ฿28.5b | 14.2x | 41.8x | 0.5x |
| Sat, 23 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 15.3x | 44x | 0.5x |
| Mon, 21 Aug 2023 | ฿1.3t | ฿2.4t | ฿29.0b | 15.5x | 44.3x | 0.5x |
| Wed, 19 Jul 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 14.7x | 20.9x | 0.5x |
| Fri, 16 Jun 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 16.1x | 21.3x | 0.5x |
| Sun, 14 May 2023 | ฿1.4t | ฿2.6t | ฿69.8b | 15.7x | 20.4x | 0.5x |
| Tue, 11 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 15.7x | 18x | 0.5x |
| Thu, 09 Mar 2023 | ฿1.5t | ฿2.7t | ฿87.1b | 15.5x | 17.6x | 0.6x |
| Sat, 04 Feb 2023 | ฿1.6t | ฿2.7t | ฿117.5b | 15.4x | 13.7x | 0.6x |
| Mon, 02 Jan 2023 | ฿1.6t | ฿2.7t | ฿126.4b | 14.9x | 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 36.9x which is lower than its 3-year average PE of 47.5x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 45% per year over the last three years,
- Revenues have also declined 7.5% 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 | 1.17% | |
| Materials | 3.58% | |
| Packaging | 5.73% | |
| Chemicals | 4.81% | |
| Basic Materials | 2.05% | |
| Metals and Mining | 1.00% | |
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 8.1% 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 | |
|---|---|---|---|---|---|
| SCGP SCG Packaging | ฿17.20 | 9.6% +฿6.4b | -13.1% | PE26.3x | |
| PTTGC PTT Global Chemical | ฿20.90 | 6.1% +฿5.4b | -14.0% | PS0.2x | |
| SCC Siam Cement | ฿187.00 | 2.5% +฿5.4b | 10.0% | PE13x | |
| IVL Indorama Ventures | ฿16.10 | 5.2% +฿4.5b | -36.9% | PS0.2x | |
| PTL Polyplex (Thailand) | ฿8.45 | 5.6% +฿405.0m | -26.5% | PS0.4x |
