Have your own idea? Try our Stock Screener
Thai (SET) Construction Materials Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies17
- 7D-2.1%
- 3M-7.5%
- 1Y-7.6%
- YTDn/a
Over the last 7 days, the Construction Materials industry has dropped 2.1%, driven by a pullback from Siam Cement of 3.1%. Meanwhile, Tipco Asphalt actually outperformed within the industry, gaining 5.9% in the last week. Overall the industry is down 7.6% in 12 months. As for the next few years, earnings are forecast to decline by 7.9% per annum.
Industry Valuation and Performance
Has the Thai Construction Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | ฿320.7b | ฿638.7b | ฿26.4b | 9.6x | 12.1x | 0.5x |
| Wed, 15 Oct 2025 | ฿340.7b | ฿647.8b | ฿28.5b | 9.6x | 12x | 0.5x |
| Fri, 12 Sep 2025 | ฿371.2b | ฿647.8b | ฿28.5b | 11x | 13x | 0.6x |
| Sun, 10 Aug 2025 | ฿343.9b | ฿646.9b | ฿28.2b | 11.6x | 12.2x | 0.5x |
| Tue, 08 Jul 2025 | ฿300.3b | ฿646.9b | ฿14.7b | 8.4x | 20.5x | 0.5x |
| Thu, 05 Jun 2025 | ฿290.0b | ฿646.9b | ฿14.7b | 8.6x | 19.8x | 0.4x |
| Sat, 03 May 2025 | ฿294.3b | ฿641.9b | ฿16.0b | 8.4x | 18.4x | 0.5x |
| Mon, 31 Mar 2025 | ฿289.2b | ฿641.9b | ฿16.0b | 8.6x | 18.1x | 0.5x |
| Wed, 26 Feb 2025 | ฿274.0b | ฿638.0b | ฿14.1b | 11.3x | 19.4x | 0.4x |
| Fri, 24 Jan 2025 | ฿294.0b | ฿628.2b | ฿13.0b | 9.8x | 22.5x | 0.5x |
| Sun, 22 Dec 2024 | ฿313.7b | ฿628.2b | ฿13.0b | 9.9x | 24.1x | 0.5x |
| Tue, 19 Nov 2024 | ฿350.3b | ฿628.8b | ฿13.2b | 9.3x | 26.5x | 0.6x |
| Thu, 17 Oct 2024 | ฿385.5b | ฿626.8b | ฿15.8b | 9.1x | 24.3x | 0.6x |
| Sat, 14 Sep 2024 | ฿410.0b | ฿626.8b | ฿15.8b | 9.8x | 25.9x | 0.7x |
| Mon, 12 Aug 2024 | ฿342.1b | ฿632.4b | ฿17.2b | 8.9x | 19.9x | 0.5x |
| Wed, 10 Jul 2024 | ฿388.0b | ฿630.3b | ฿21.4b | 9.4x | 18.1x | 0.6x |
| Fri, 07 Jun 2024 | ฿395.1b | ฿630.3b | ฿21.4b | 10.3x | 18.5x | 0.6x |
| Sun, 05 May 2024 | ฿419.6b | ฿635.4b | ฿22.4b | 10.7x | 18.8x | 0.7x |
| Tue, 02 Apr 2024 | ฿427.7b | ฿640.9b | ฿36.0b | 10.8x | 11.9x | 0.7x |
| Thu, 29 Feb 2024 | ฿445.1b | ฿640.2b | ฿36.3b | 12.3x | 12.3x | 0.7x |
| Sat, 27 Jan 2024 | ฿441.5b | ฿647.6b | ฿35.8b | 11.8x | 12.3x | 0.7x |
| Mon, 25 Dec 2023 | ฿471.4b | ฿649.1b | ฿37.1b | 11.1x | 12.7x | 0.7x |
| Wed, 22 Nov 2023 | ฿471.4b | ฿649.1b | ฿37.1b | 11.3x | 12.7x | 0.7x |
| Fri, 20 Oct 2023 | ฿463.9b | ฿669.4b | ฿38.0b | 12.5x | 12.2x | 0.7x |
| Sun, 17 Sep 2023 | ฿492.7b | ฿669.4b | ฿38.0b | 14.5x | 13x | 0.7x |
| Tue, 15 Aug 2023 | ฿501.9b | ฿669.1b | ฿38.0b | 14.5x | 13.2x | 0.8x |
| Thu, 13 Jul 2023 | ฿512.0b | ฿699.2b | ฿41.5b | 15x | 12.3x | 0.7x |
| Sat, 10 Jun 2023 | ฿524.9b | ฿699.2b | ฿41.5b | 17.1x | 12.6x | 0.8x |
| Mon, 08 May 2023 | ฿514.6b | ฿697.6b | ฿41.6b | 17.3x | 12.4x | 0.7x |
| Wed, 05 Apr 2023 | ฿505.8b | ฿722.5b | ฿34.0b | 19.2x | 14.9x | 0.7x |
| Fri, 03 Mar 2023 | ฿525.4b | ฿721.9b | ฿33.9b | 18.5x | 15.5x | 0.7x |
| Sun, 29 Jan 2023 | ฿542.5b | ฿717.7b | ฿36.0b | 19x | 15.1x | 0.8x |
| Tue, 27 Dec 2022 | ฿528.4b | ฿738.2b | ฿44.1b | 16.3x | 12x | 0.7x |
| Thu, 24 Nov 2022 | ฿534.9b | ฿738.2b | ฿44.1b | 16.6x | 12.1x | 0.7x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are pessimistic on the Thai Construction 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 12.1x which is lower than its 3-year average PE of 16.4x.
- The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Construction Materials industry have declined 16% per year over the last three years,
- Revenues have also declined 4.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Construction Materials compare with similar industries?
| TH Market | -2.59% | |
| Materials | -2.42% | |
| Basic Materials | -2.15% | |
| Construction Materials | -2.15% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TASCO Tipco Asphalt | ฿14.40 | 5.9% +฿1.3b | -22.2% | PE14.2x | |
| SCP Southern Concrete Pile | ฿7.85 | 1.9% +฿42.3m | 12.9% | PE6.4x | |
| STC STC Concrete Product | ฿0.34 | 3.0% +฿5.7m | -40.4% | PE74.3x |