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Thai (SET) Materials Sector Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies100
- 7D-2.0%
- 3M-14.7%
- 1Y-20.3%
- YTD-15.6%
Over the last 7 days, the Materials industry has dropped 2.8%, driven by pullbacks in Indorama Ventures and SCG Packaging of 6.5% and 7.2%, respectively. The industry has fallen 21% in the last 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 |
|---|---|---|---|---|---|---|
| Wed, 26 Nov 2025 | ฿730.7b | ฿2.2t | ฿20.4b | 9.2x | 35.8x | 0.3x |
| Fri, 24 Oct 2025 | ฿825.9b | ฿2.2t | ฿4.0b | 10.4x | 204.1x | 0.4x |
| Sun, 21 Sep 2025 | ฿899.7b | ฿2.2t | ฿3.0b | 11x | 296.9x | 0.4x |
| Tue, 19 Aug 2025 | ฿831.8b | ฿2.2t | ฿3.1b | 10.8x | 271.3x | 0.4x |
| Thu, 17 Jul 2025 | ฿782.6b | ฿2.3t | -฿25,726,335,199.00 | 10.2x | -30.4x | 0.3x |
| Sat, 14 Jun 2025 | ฿753.8b | ฿2.3t | -฿25,739,411,199.00 | 10.3x | -29.3x | 0.3x |
| Mon, 12 May 2025 | ฿753.7b | ฿2.3t | -฿25,643,451,706.00 | 10.2x | -29.4x | 0.3x |
| Wed, 09 Apr 2025 | ฿636.5b | ฿2.3t | -฿20,346,950,970.00 | 9.5x | -31.3x | 0.3x |
| Fri, 07 Mar 2025 | ฿728.6b | ฿2.3t | -฿26,335,991,883.00 | 10x | -27.7x | 0.3x |
| Sun, 02 Feb 2025 | ฿792.4b | ฿2.4t | -฿26,238,424,785.00 | 10.8x | -30.2x | 0.3x |
| Tue, 31 Dec 2024 | ฿863.9b | ฿2.4t | -฿25,929,799,785.00 | 11.3x | -33.3x | 0.4x |
| Thu, 28 Nov 2024 | ฿912.0b | ฿2.4t | -฿25,915,718,634.00 | 11.5x | -35.2x | 0.4x |
| Sat, 26 Oct 2024 | ฿963.5b | ฿2.4t | ฿6.4b | 11.9x | 151x | 0.4x |
| Mon, 23 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 12.3x | 160.3x | 0.4x |
| Wed, 21 Aug 2024 | ฿894.4b | ฿2.4t | ฿6.5b | 11.3x | 137.5x | 0.4x |
| Fri, 19 Jul 2024 | ฿982.8b | ฿2.3t | ฿27.9b | 12.1x | 35.2x | 0.4x |
| Sun, 16 Jun 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12.5x | 36.6x | 0.4x |
| Tue, 14 May 2024 | ฿1.1t | ฿2.3t | ฿31.7b | 13.6x | 35.1x | 0.5x |
| Thu, 11 Apr 2024 | ฿1.2t | ฿2.3t | ฿44.5b | 13.9x | 26x | 0.5x |
| Sat, 09 Mar 2024 | ฿1.1t | ฿2.3t | ฿45.2b | 14.3x | 24.9x | 0.5x |
| Mon, 05 Feb 2024 | ฿1.2t | ฿2.3t | ฿33.3b | 14.3x | 34.9x | 0.5x |
| Wed, 03 Jan 2024 | ฿1.3t | ฿2.3t | ฿33.8b | 14.1x | 37.1x | 0.5x |
| Fri, 01 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.1x | 35.7x | 0.5x |
| Sun, 29 Oct 2023 | ฿1.2t | ฿2.4t | ฿28.4b | 14.1x | 41.9x | 0.5x |
| Tue, 26 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 15.3x | 43.5x | 0.5x |
| Thu, 24 Aug 2023 | ฿1.3t | ฿2.4t | ฿28.9b | 15.5x | 44.2x | 0.5x |
| Sat, 22 Jul 2023 | ฿1.3t | ฿2.6t | ฿64.3b | 15.4x | 20.7x | 0.5x |
| Mon, 19 Jun 2023 | ฿1.4t | ฿2.6t | ฿64.8b | 16.1x | 21.3x | 0.5x |
| Wed, 17 May 2023 | ฿1.4t | ฿2.6t | ฿70.6b | 16x | 19.9x | 0.5x |
| Fri, 14 Apr 2023 | ฿1.4t | ฿2.7t | ฿79.3b | 15.7x | 18x | 0.5x |
| Sun, 12 Mar 2023 | ฿1.5t | ฿2.7t | ฿85.5b | 15.5x | 17.9x | 0.6x |
| Tue, 07 Feb 2023 | ฿1.6t | ฿2.7t | ฿117.5b | 15.5x | 13.7x | 0.6x |
| Thu, 05 Jan 2023 | ฿1.6t | ฿2.7t | ฿126.4b | 14.7x | 12.7x | 0.6x |
| Sat, 03 Dec 2022 | ฿1.6t | ฿2.7t | ฿126.4b | 15.2x | 12.6x | 0.6x |
Price to Earnings Ratio
12.6x
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 35.8x which is lower than its 3-year average PE of 46.8x.
- 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 | -0.13% | |
| Materials | -1.98% | |
| Metals and Mining | -0.83% | |
| Basic Materials | -1.01% | |
| Chemicals | -2.44% | |
| Packaging | -3.82% | |
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 | |
|---|---|---|---|---|---|
| PTTGC PTT Global Chemical | ฿20.00 | 1.5% +฿1.4b | -21.6% | PS0.2x | |
| BCT Birla Carbon (Thailand) | ฿52.00 | 4.0% +฿600.0m | -24.1% | PE5.1x | |
| BGC BG Container Glass | ฿3.94 | 18.7% +฿430.6m | -48.2% | PE13.4x | |
| SFLEX Starflex | ฿2.86 | 10.9% +฿210.7m | -7.1% | PE8.4x | |
| TMT TMT Steel | ฿2.94 | 4.3% +฿104.5m | -13.5% | PE36.9x |