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Thai (SET) Materials Sector Analysis
UpdatedNov 09, 2025
DataAggregated Company Financials
Companies100
- 7D-5.9%
- 3M-9.4%
- 1Y-19.5%
- YTD-11.5%
Over the last 7 days, the Materials industry has dropped 5.9%, driven by PTT Global Chemical declining 19%. Meanwhile, STP&I actually outperformed within the industry, gaining 7.2% in the last week. However, the industry is down 20% over the past year. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sun, 09 Nov 2025 | ฿769.7b | ฿2.2t | ฿1.6b | 10x | 470x | 0.3x |
| Tue, 07 Oct 2025 | ฿863.9b | ฿2.2t | ฿3.0b | 10.5x | 285.2x | 0.4x |
| Thu, 04 Sep 2025 | ฿869.1b | ฿2.2t | ฿3.0b | 10.5x | 286.8x | 0.4x |
| Sat, 02 Aug 2025 | ฿831.5b | ฿2.3t | -฿12,367,665,167.00 | 10.5x | -67.2x | 0.4x |
| Mon, 30 Jun 2025 | ฿740.0b | ฿2.3t | -฿25,726,335,199.00 | 9.9x | -28.8x | 0.3x |
| Wed, 28 May 2025 | ฿756.7b | ฿2.3t | -฿27,559,635,249.00 | 10.1x | -27.5x | 0.3x |
| Fri, 25 Apr 2025 | ฿700.9b | ฿2.3t | -฿20,393,598,130.00 | 9.8x | -34.4x | 0.3x |
| Sun, 23 Mar 2025 | ฿762.5b | ฿2.3t | -฿26,285,464,575.00 | 9.9x | -29x | 0.3x |
| Tue, 18 Feb 2025 | ฿769.8b | ฿2.4t | -฿24,043,831,075.00 | 9.8x | -32x | 0.3x |
| Thu, 16 Jan 2025 | ฿811.1b | ฿2.4t | -฿25,929,799,785.00 | 10.9x | -31.3x | 0.3x |
| Sat, 14 Dec 2024 | ฿898.8b | ฿2.4t | -฿25,915,718,631.00 | 11.5x | -34.7x | 0.4x |
| Mon, 11 Nov 2024 | ฿959.3b | ฿2.4t | -฿16,480,448,867.00 | 11.1x | -58.2x | 0.4x |
| Wed, 09 Oct 2024 | ฿1.1t | ฿2.4t | ฿6.5b | 12.2x | 162.6x | 0.4x |
| Fri, 06 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 11.6x | 154.3x | 0.4x |
| Sun, 04 Aug 2024 | ฿941.7b | ฿2.3t | ฿23.7b | 11.5x | 39.7x | 0.4x |
| Tue, 02 Jul 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.1x | 36.6x | 0.4x |
| Thu, 30 May 2024 | ฿1.1t | ฿2.3t | ฿29.9b | 13.5x | 36.9x | 0.5x |
| Sat, 27 Apr 2024 | ฿1.1t | ฿2.3t | ฿31.1b | 13.9x | 35.9x | 0.5x |
| Mon, 25 Mar 2024 | ฿1.1t | ฿2.3t | ฿44.5b | 13.8x | 25.1x | 0.5x |
| Wed, 21 Feb 2024 | ฿1.1t | ฿2.2t | ฿39.2b | 14.5x | 28.7x | 0.5x |
| Fri, 19 Jan 2024 | ฿1.2t | ฿2.3t | ฿33.8b | 14.5x | 34.2x | 0.5x |
| Sun, 17 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.2x | 36.2x | 0.5x |
| Tue, 14 Nov 2023 | ฿1.2t | ฿2.4t | ฿42.8b | 14.4x | 28x | 0.5x |
| Thu, 12 Oct 2023 | ฿1.2t | ฿2.4t | ฿29.3b | 14.7x | 41.7x | 0.5x |
| Sat, 09 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 16.4x | 44.4x | 0.5x |
| Mon, 07 Aug 2023 | ฿1.3t | ฿2.6t | ฿62.1b | 15x | 21.6x | 0.5x |
| Wed, 05 Jul 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 15.1x | 20.8x | 0.5x |
| Fri, 02 Jun 2023 | ฿1.3t | ฿2.6t | ฿64.8b | 15x | 20.6x | 0.5x |
| Sun, 30 Apr 2023 | ฿1.4t | ฿2.6t | ฿86.5b | 15x | 16.2x | 0.5x |
| Tue, 28 Mar 2023 | ฿1.5t | ฿2.7t | ฿79.4b | 16.1x | 18.5x | 0.5x |
| Thu, 23 Feb 2023 | ฿1.6t | ฿2.7t | ฿107.0b | 16.8x | 14.8x | 0.6x |
| Sat, 21 Jan 2023 | ฿1.6t | ฿2.7t | ฿125.7b | 15.3x | 13.1x | 0.6x |
| Mon, 19 Dec 2022 | ฿1.6t | ฿2.7t | ฿126.2b | 15x | 12.6x | 0.6x |
| Wed, 16 Nov 2022 | ฿1.6t | ฿2.7t | ฿128.8b | 14.2x | 12.6x | 0.6x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are optimistic on the Thai Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 754x which is higher than its 3-year average PE of 44.6x.
- 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 80% per year over the last three years,
- Revenues have also declined 6.4% 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 | -0.49% | |
| Materials | -5.89% | |
| Metals and Mining | -0.37% | |
| Packaging | -3.08% | |
| Basic Materials | -4.13% | |
| Chemicals | -9.71% | |
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 83% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Basic Materials industry is expected to see its earnings decline by 8.4% 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 | |
|---|---|---|---|---|---|
| STPI STP&I | ฿3.88 | 7.2% +฿471.2m | 0.5% | PE124.1x | |
| SPG Siam Pan Group | ฿11.90 | 6.3% +฿241.5m | -16.2% | PE13.9x | |
| EPG Eastern Polymer Group | ฿2.86 | 2.1% +฿168.0m | -36.2% | PE9.9x | |
| SCCC Siam City Cement | ฿142.50 | 0.4% +฿149.0m | -13.4% | PE8x | |
| MILL Millcon Steel | ฿0.08 | 14.3% +฿87.2m | -20.0% | PS0.5x |