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Thai (SET) Chemicals Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies32
- 7D3.5%
- 3M-13.1%
- 1Y-14.3%
- YTD2.5%
Over the last 7 days, the Chemicals industry has risen 5.0%, driven by gains from PTT Global Chemical of 4.8%. In contrast, the industry has lost 18% in the last 12 months. Earnings are forecast to grow by 89% annually.
Industry Valuation and Performance
Has the Thai Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | ฿279.2b | ฿1.1t | -฿15,025,220,095.00 | 11.6x | -18.6x | 0.2x |
| Sun, 07 Dec 2025 | ฿261.0b | ฿1.1t | -฿15,025,220,095.00 | 11.3x | -17.4x | 0.2x |
| Tue, 04 Nov 2025 | ฿302.3b | ฿1.2t | -฿33,479,677,354.00 | 11.4x | -9x | 0.3x |
| Thu, 02 Oct 2025 | ฿328.4b | ฿1.2t | -฿33,479,677,354.00 | 12.7x | -9.8x | 0.3x |
| Sat, 30 Aug 2025 | ฿333.9b | ฿1.2t | -฿33,424,425,479.00 | 13x | -10x | 0.3x |
| Mon, 28 Jul 2025 | ฿307.9b | ฿1.3t | -฿48,046,023,856.00 | 12.8x | -6.4x | 0.2x |
| Wed, 25 Jun 2025 | ฿285.2b | ฿1.3t | -฿48,046,023,856.00 | 12.2x | -5.9x | 0.2x |
| Fri, 23 May 2025 | ฿290.8b | ฿1.3t | -฿50,277,372,455.00 | 11.7x | -5.8x | 0.2x |
| Sun, 20 Apr 2025 | ฿275.3b | ฿1.3t | -฿45,640,905,256.00 | 10.6x | -6x | 0.2x |
| Tue, 18 Mar 2025 | ฿303.3b | ฿1.3t | -฿45,640,905,256.00 | 11.9x | -6.6x | 0.2x |
| Thu, 13 Feb 2025 | ฿320.0b | ฿1.3t | -฿43,326,909,978.00 | 11.2x | -7.4x | 0.2x |
| Sat, 11 Jan 2025 | ฿334.8b | ฿1.3t | -฿43,463,164,463.00 | 12.4x | -7.7x | 0.2x |
| Mon, 09 Dec 2024 | ฿366.3b | ฿1.3t | -฿43,463,164,463.00 | 13.1x | -8.4x | 0.3x |
| Wed, 06 Nov 2024 | ฿387.7b | ฿1.3t | -฿18,929,609,061.00 | 13.1x | -20.5x | 0.3x |
| Fri, 04 Oct 2024 | ฿392.1b | ฿1.3t | -฿18,929,609,061.00 | 14.4x | -20.7x | 0.3x |
| Sun, 01 Sep 2024 | ฿327.5b | ฿1.3t | -฿18,929,609,061.00 | 13.2x | -17.3x | 0.2x |
| Tue, 30 Jul 2024 | ฿351.1b | ฿1.3t | -฿2,993,335,294.00 | 13.6x | -117.3x | 0.3x |
| Thu, 27 Jun 2024 | ฿387.1b | ฿1.3t | -฿2,993,335,294.00 | 14.1x | -129.3x | 0.3x |
| Sat, 25 May 2024 | ฿448.3b | ฿1.3t | -฿831,253,286.00 | 16.6x | -539.3x | 0.3x |
| Mon, 22 Apr 2024 | ฿450.4b | ฿1.3t | -฿594,511,403.00 | 16.8x | -757.7x | 0.3x |
| Wed, 20 Mar 2024 | ฿451.5b | ฿1.3t | -฿594,511,403.00 | 16.7x | -759.5x | 0.3x |
| Fri, 16 Feb 2024 | ฿448.5b | ฿1.3t | ฿16.4m | 19.7x | 27399.5x | 0.3x |
| Sun, 14 Jan 2024 | ฿471.9b | ฿1.3t | -฿6,660,266,053.00 | 20.8x | -70.9x | 0.4x |
| Tue, 12 Dec 2023 | ฿471.7b | ฿1.3t | -฿6,660,266,053.00 | 20.2x | -70.8x | 0.4x |
| Thu, 09 Nov 2023 | ฿460.0b | ฿1.4t | -฿12,226,533,686.00 | 17.2x | -37.6x | 0.3x |
| Sat, 07 Oct 2023 | ฿457.3b | ฿1.4t | -฿11,894,491,686.00 | 21.3x | -38.4x | 0.3x |
| Mon, 04 Sep 2023 | ฿496.8b | ฿1.4t | -฿12,254,800,150.00 | 22.4x | -40.5x | 0.4x |
| Wed, 02 Aug 2023 | ฿539.9b | ฿1.5t | ฿16.3b | 18.6x | 33.1x | 0.4x |
| Fri, 30 Jun 2023 | ฿525.6b | ฿1.5t | ฿16.3b | 18.7x | 32.2x | 0.4x |
| Sun, 28 May 2023 | ฿529.9b | ฿1.5t | ฿17.1b | 19.9x | 30.9x | 0.4x |
| Tue, 25 Apr 2023 | ฿562.3b | ฿1.5t | ฿33.6b | 14.8x | 16.7x | 0.4x |
| Thu, 23 Mar 2023 | ฿602.2b | ฿1.5t | ฿33.6b | 14.6x | 17.9x | 0.4x |
| Sat, 18 Feb 2023 | ฿643.2b | ฿1.5t | ฿55.3b | 17.9x | 11.6x | 0.4x |
| Mon, 16 Jan 2023 | ฿667.3b | ฿1.5t | ฿58.6b | 17.7x | 11.4x | 0.4x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are pessimistic on the Thai Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
- Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 8.9% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | -0.51% | |
| Materials | 4.61% | |
| Chemicals | 3.55% | |
| Commodity Chemicals | 3.63% | |
| Fertilizers and Agricultural Chemicals | 1.20% | |
| Specialty Chemicals | 0.094% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry even though it's trading below its 3-year average PE ratio of 16.3x.
- 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 Commodity Chemicals industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 89% 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 | ฿22.20 | 5.7% +฿5.4b | -3.5% | PS0.2x | |
| IVL Indorama Ventures | ฿16.80 | 4.3% +฿3.9b | -25.0% | PS0.2x | |
| TOA TOA Paint (Thailand) | ฿14.10 | 3.7% +฿969.3m | 0.7% | PE10.8x | |
| BCT Birla Carbon (Thailand) | ฿53.00 | 2.9% +฿450.0m | -24.3% | PE5.2x | |
| EPG Eastern Polymer Group | ฿2.94 | 3.5% +฿280.0m | -17.4% | PE8.3x |