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Thai (SET) Materials Sector Analysis
UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies99
- 7D2.3%
- 3M11.1%
- 1Y12.7%
- YTD12.7%
The Materials industry is up 2.3% in the last week, with Siam Cement up 5.8%. In the same time, Birla Carbon (Thailand) was down 14%. In the last 12 months, the industry was up 13%. Earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ฿854.0b | ฿2.1t | ฿18.9b | 10.5x | 45.2x | 0.4x |
| Wed, 07 Jan 2026 | ฿758.4b | ฿2.1t | ฿20.6b | 10.6x | 36.9x | 0.4x |
| Fri, 05 Dec 2025 | ฿730.1b | ฿2.1t | ฿20.6b | 10.1x | 35.5x | 0.3x |
| Sun, 02 Nov 2025 | ฿817.9b | ฿2.2t | ฿1.2b | 10.3x | 669x | 0.4x |
| Tue, 30 Sep 2025 | ฿894.4b | ฿2.2t | ฿3.0b | 10.8x | 295.1x | 0.4x |
| Thu, 28 Aug 2025 | ฿861.8b | ฿2.2t | ฿3.1b | 10.5x | 279.3x | 0.4x |
| Sat, 26 Jul 2025 | ฿818.7b | ฿2.3t | -฿25,442,891,199.00 | 10.4x | -32.2x | 0.4x |
| Mon, 23 Jun 2025 | ฿712.4b | ฿2.3t | -฿25,726,335,199.00 | 9.8x | -27.7x | 0.3x |
| Wed, 21 May 2025 | ฿744.9b | ฿2.3t | -฿27,660,238,874.00 | 10.2x | -26.9x | 0.3x |
| Fri, 18 Apr 2025 | ฿704.8b | ฿2.3t | -฿20,346,950,970.00 | 9.9x | -34.6x | 0.3x |
| Sun, 16 Mar 2025 | ฿781.7b | ฿2.3t | -฿26,367,865,667.00 | 9.9x | -29.6x | 0.3x |
| Tue, 11 Feb 2025 | ฿760.2b | ฿2.4t | -฿26,360,187,725.00 | 10.6x | -28.8x | 0.3x |
| Thu, 09 Jan 2025 | ฿842.6b | ฿2.4t | -฿25,929,799,785.00 | 11x | -32.5x | 0.4x |
| Sat, 07 Dec 2024 | ฿903.8b | ฿2.4t | -฿25,915,718,631.00 | 11.6x | -34.9x | 0.4x |
| Mon, 04 Nov 2024 | ฿982.1b | ฿2.4t | ฿3.8b | 11.7x | 257.2x | 0.4x |
| Wed, 02 Oct 2024 | ฿1.1t | ฿2.4t | ฿6.5b | 12.5x | 164.9x | 0.5x |
| Fri, 30 Aug 2024 | ฿938.5b | ฿2.4t | ฿6.5b | 11.1x | 144.8x | 0.4x |
| Sun, 28 Jul 2024 | ฿963.7b | ฿2.3t | ฿23.5b | 11.7x | 41x | 0.4x |
| Tue, 25 Jun 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.6x | 36.8x | 0.4x |
| Thu, 23 May 2024 | ฿1.1t | ฿2.3t | ฿29.8b | 13.4x | 37.8x | 0.5x |
| Sat, 20 Apr 2024 | ฿1.1t | ฿2.3t | ฿44.6b | 13.5x | 25.2x | 0.5x |
| Mon, 18 Mar 2024 | ฿1.2t | ฿2.3t | ฿44.5b | 14.3x | 25.9x | 0.5x |
| Wed, 14 Feb 2024 | ฿1.1t | ฿2.4t | ฿39.4b | 14.4x | 28.9x | 0.5x |
| Fri, 12 Jan 2024 | ฿1.2t | ฿2.3t | ฿33.8b | 14.3x | 36.1x | 0.5x |
| Sun, 10 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.2x | 36.2x | 0.5x |
| Tue, 07 Nov 2023 | ฿1.2t | ฿2.4t | ฿28.0b | 14.1x | 43.7x | 0.5x |
| Thu, 05 Oct 2023 | ฿1.2t | ฿2.4t | ฿29.3b | 14.7x | 42.3x | 0.5x |
| Sat, 02 Sep 2023 | ฿1.3t | ฿2.4t | ฿28.9b | 16.2x | 45.2x | 0.5x |
| Mon, 31 Jul 2023 | ฿1.4t | ฿2.6t | ฿62.1b | 15.7x | 21.9x | 0.5x |
| Wed, 28 Jun 2023 | ฿1.3t | ฿2.6t | ฿64.8b | 14.4x | 20.2x | 0.5x |
| Fri, 26 May 2023 | ฿1.4t | ฿2.6t | ฿65.8b | 15.2x | 21.1x | 0.5x |
| Sun, 23 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 16x | 17.4x | 0.5x |
| Tue, 21 Mar 2023 | ฿1.4t | ฿2.7t | ฿79.4b | 16.3x | 18.2x | 0.5x |
| Thu, 16 Feb 2023 | ฿1.6t | ฿2.7t | ฿112.7b | 15.7x | 14.1x | 0.6x |
Price to Earnings Ratio
14.1x
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 45.2x which is lower than its 3-year average PE of 48.6x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
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 7.3% 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 | 2.13% | |
| Materials | 2.28% | |
| Basic Materials | 4.15% | |
| Chemicals | 1.64% | |
| Packaging | 0.22% | |
| Metals and Mining | -1.54% | |
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 91% 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 grow by 2.8% 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 | ฿218.00 | 6.9% +฿16.8b | 49.8% | PE18.6x | |
| IVL Indorama Ventures | ฿21.70 | 8.0% +฿9.0b | -5.7% | PS0.3x | |
| PTTGC PTT Global Chemical | ฿25.50 | 3.7% +฿4.1b | 30.1% | PS0.2x | |
| SCGP SCG Packaging | ฿20.60 | 4.0% +฿3.4b | 32.1% | PE21.7x | |
| TOA TOA Paint (Thailand) | ฿15.00 | 7.1% +฿1.9b | 25.0% | PE11.5x |
