Narrative Update • Aug 07
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Thai (SET) Materials Sector Analysis
UpdatedAug 10, 2026
DataAggregated Company Financials
Companies99
- 7D1.7%
- 3M8.6%
- 1Y25.4%
- YTD39.5%
Over the last 7 days, the Materials industry has risen 1.6%, driven by gains from Siam Cement of 2.0%. In the last 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 25% 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, 10 Aug 2026 | ฿1.1t | ฿2.1t | ฿36.7b | 10.8x | 28.9x | 0.5x |
| Wed, 08 Jul 2026 | ฿1.0t | ฿2.1t | ฿25.2b | 10.5x | 39.9x | 0.5x |
| Fri, 05 Jun 2026 | ฿960.2b | ฿2.1t | ฿25.3b | 10.2x | 37.9x | 0.5x |
| Sun, 03 May 2026 | ฿996.1b | ฿2.1t | ฿20.1b | 10.1x | 49.6x | 0.5x |
| Tue, 31 Mar 2026 | ฿906.0b | ฿2.1t | ฿14.1b | 10.1x | 64.1x | 0.4x |
| Thu, 26 Feb 2026 | ฿912.6b | ฿2.1t | ฿19.3b | 11.1x | 47.4x | 0.4x |
| Sat, 24 Jan 2026 | ฿835.2b | ฿2.1t | ฿20.8b | 10.6x | 40.1x | 0.4x |
| Mon, 22 Dec 2025 | ฿726.9b | ฿2.1t | ฿20.6b | 10.3x | 35.3x | 0.3x |
| Wed, 19 Nov 2025 | ฿748.7b | ฿2.2t | ฿20.4b | 9.7x | 36.7x | 0.3x |
| Fri, 17 Oct 2025 | ฿824.9b | ฿2.2t | ฿3.0b | 10.6x | 272.3x | 0.4x |
| Sun, 14 Sep 2025 | ฿908.0b | ฿2.2t | ฿3.0b | 10.9x | 299.6x | 0.4x |
| Tue, 12 Aug 2025 | ฿850.1b | ฿2.3t | -฿10,770,551,961.00 | 11x | -78.9x | 0.4x |
| Thu, 10 Jul 2025 | ฿752.5b | ฿2.3t | -฿25,726,335,199.00 | 10.1x | -29.3x | 0.3x |
| Sat, 07 Jun 2025 | ฿741.9b | ฿2.3t | -฿25,767,510,779.00 | 10.1x | -28.8x | 0.3x |
| Mon, 05 May 2025 | ฿718.5b | ฿2.3t | -฿22,544,387,130.00 | 9.3x | -31.9x | 0.3x |
| Wed, 02 Apr 2025 | ฿717.3b | ฿2.3t | -฿26,285,464,575.00 | 10x | -27.3x | 0.3x |
| Fri, 28 Feb 2025 | ฿689.4b | ฿2.3t | -฿26,402,951,086.00 | 11x | -26.1x | 0.3x |
| Sun, 26 Jan 2025 | ฿807.2b | ฿2.4t | -฿25,585,177,785.00 | 10.9x | -31.5x | 0.3x |
| Tue, 24 Dec 2024 | ฿861.3b | ฿2.4t | -฿25,929,799,785.00 | 11.1x | -33.2x | 0.4x |
| Thu, 21 Nov 2024 | ฿934.2b | ฿2.4t | -฿20,064,198,815.00 | 11.6x | -46.6x | 0.4x |
| Sat, 19 Oct 2024 | ฿989.8b | ฿2.4t | ฿6.5b | 12x | 152.7x | 0.4x |
| Mon, 16 Sep 2024 | ฿1.0t | ฿2.4t | ฿6.5b | 11.8x | 156.6x | 0.4x |
| Wed, 14 Aug 2024 | ฿869.9b | ฿2.4t | ฿8.4b | 10.5x | 103.3x | 0.4x |
| Fri, 12 Jul 2024 | ฿1.0t | ฿2.3t | ฿27.9b | 12x | 36.6x | 0.4x |
| Sun, 09 Jun 2024 | ฿1.1t | ฿2.3t | ฿27.9b | 13.1x | 38.2x | 0.5x |
| Tue, 07 May 2024 | ฿1.1t | ฿2.3t | ฿31.5b | 14.1x | 35.5x | 0.5x |
| Thu, 04 Apr 2024 | ฿1.1t | ฿2.3t | ฿44.5b | 13.9x | 25.4x | 0.5x |
| Sat, 02 Mar 2024 | ฿1.1t | ฿2.3t | ฿45.1b | 13.9x | 24.7x | 0.5x |
| Mon, 29 Jan 2024 | ฿1.1t | ฿2.3t | ฿33.3b | 14.1x | 34.5x | 0.5x |
| Wed, 27 Dec 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 13.9x | 36.6x | 0.5x |
| Fri, 24 Nov 2023 | ฿1.2t | ฿2.3t | ฿33.8b | 14.2x | 36.3x | 0.5x |
| Sun, 22 Oct 2023 | ฿1.2t | ฿2.4t | ฿29.0b | 14x | 40.2x | 0.5x |
| Tue, 19 Sep 2023 | ฿1.3t | ฿2.4t | ฿29.3b | 16x | 43.5x | 0.5x |
| Thu, 17 Aug 2023 | ฿1.3t | ฿2.4t | ฿29.6b | 15.5x | 43.2x | 0.5x |
Price to Earnings Ratio
43.2x
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 28.9x which is lower than its 3-year average PE of 53.4x.
- The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 7.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.6% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Materials sector?
| TH Market | -0.73% | |
| Materials | 1.72% | |
| Basic Materials | 2.34% | |
| Metals and Mining | 2.13% | |
| Packaging | 1.65% | |
| Chemicals | 1.08% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 45.3%, which is higher than its past year's earnings growth of 21.0% per year.
- Investors are most pessimistic about the Basic Materials industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.7x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 10% 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 | ฿37.50 | 2.7% +฿4.5b | 55.6% | PE43.1x | |
| SCC Siam Cement | ฿258.00 | 0.8% +฿2.4b | 27.1% | PE23.1x | |
| SCGP SCG Packaging | ฿31.00 | 1.6% +฿2.1b | 71.3% | PE22.1x | |
| SCCC Siam City Cement | ฿155.00 | 3.7% +฿1.6b | 2.3% | PE11.2x | |
| 2S 2S Metal | ฿4.74 | 48.1% +฿847.0m | 85.2% | PE7x |
