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Thai (SET) Chemicals Industry Analysis
UpdatedJan 08, 2026
DataAggregated Company Financials
Companies32
- 7D5.0%
- 3M-11.2%
- 1Y-18.2%
- YTD3.9%
Last week, the Chemicals industry hasn't moved much but Indorama Ventures is up 6.2% in that time. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 88% 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 |
|---|---|---|---|---|---|---|
| Thu, 08 Jan 2026 | ฿283.1b | ฿1.1t | -฿15,025,220,095.00 | 11.8x | -18.8x | 0.2x |
| Sat, 06 Dec 2025 | ฿261.0b | ฿1.1t | -฿15,025,220,095.00 | 11.3x | -17.4x | 0.2x |
| Mon, 03 Nov 2025 | ฿310.0b | ฿1.2t | -฿33,479,677,354.00 | 11.4x | -9.3x | 0.3x |
| Wed, 01 Oct 2025 | ฿331.2b | ฿1.2t | -฿33,479,677,354.00 | 12.8x | -9.9x | 0.3x |
| Fri, 29 Aug 2025 | ฿336.3b | ฿1.2t | -฿33,424,425,479.00 | 12.7x | -10.1x | 0.3x |
| Sun, 27 Jul 2025 | ฿307.9b | ฿1.3t | -฿48,046,023,856.00 | 12.8x | -6.4x | 0.2x |
| Tue, 24 Jun 2025 | ฿274.1b | ฿1.3t | -฿48,046,023,856.00 | 12.1x | -5.7x | 0.2x |
| Thu, 22 May 2025 | ฿290.1b | ฿1.3t | -฿50,277,372,455.00 | 11.5x | -5.8x | 0.2x |
| Sat, 19 Apr 2025 | ฿275.3b | ฿1.3t | -฿45,640,905,256.00 | 10.6x | -6x | 0.2x |
| Mon, 17 Mar 2025 | ฿305.1b | ฿1.3t | -฿45,640,905,256.00 | 11.9x | -6.7x | 0.2x |
| Wed, 12 Feb 2025 | ฿320.0b | ฿1.3t | -฿43,326,909,978.00 | 11.2x | -7.4x | 0.2x |
| Fri, 10 Jan 2025 | ฿334.3b | ฿1.3t | -฿43,463,164,463.00 | 11.9x | -7.7x | 0.2x |
| Sun, 08 Dec 2024 | ฿366.3b | ฿1.3t | -฿43,463,164,463.00 | 13.1x | -8.4x | 0.3x |
| Tue, 05 Nov 2024 | ฿385.5b | ฿1.3t | -฿18,929,609,061.00 | 12.8x | -20.4x | 0.3x |
| Thu, 03 Oct 2024 | ฿403.0b | ฿1.3t | -฿18,929,609,061.00 | 14.7x | -21.3x | 0.3x |
| Sat, 31 Aug 2024 | ฿327.5b | ฿1.3t | -฿18,929,609,061.00 | 13.2x | -17.3x | 0.2x |
| Mon, 29 Jul 2024 | ฿351.1b | ฿1.3t | -฿2,993,335,294.00 | 13.6x | -117.3x | 0.3x |
| Wed, 26 Jun 2024 | ฿387.1b | ฿1.3t | -฿2,993,335,294.00 | 14.4x | -129.3x | 0.3x |
| Fri, 24 May 2024 | ฿449.1b | ฿1.3t | -฿831,253,286.00 | 16.5x | -540.3x | 0.3x |
| Sun, 21 Apr 2024 | ฿450.4b | ฿1.3t | -฿594,511,403.00 | 16.8x | -757.7x | 0.3x |
| Tue, 19 Mar 2024 | ฿454.8b | ฿1.3t | -฿594,511,403.00 | 17.1x | -765x | 0.3x |
| Thu, 15 Feb 2024 | ฿445.8b | ฿1.3t | -฿1,897,717,300.00 | 20.1x | -234.9x | 0.3x |
| Sat, 13 Jan 2024 | ฿471.9b | ฿1.3t | -฿6,660,266,053.00 | 20.8x | -70.9x | 0.4x |
| Mon, 11 Dec 2023 | ฿471.7b | ฿1.3t | -฿6,660,266,053.00 | 20.2x | -70.8x | 0.4x |
| Wed, 08 Nov 2023 | ฿465.3b | ฿1.4t | -฿12,226,533,686.00 | 17.2x | -38.1x | 0.3x |
| Fri, 06 Oct 2023 | ฿465.1b | ฿1.4t | -฿11,894,491,686.00 | 21.5x | -39.1x | 0.3x |
| Sun, 03 Sep 2023 | ฿496.8b | ฿1.4t | -฿12,254,800,150.00 | 22.4x | -40.5x | 0.4x |
| Tue, 01 Aug 2023 | ฿539.9b | ฿1.5t | ฿16.3b | 18.6x | 33.1x | 0.4x |
| Thu, 29 Jun 2023 | ฿518.5b | ฿1.5t | ฿16.3b | 18.1x | 31.7x | 0.4x |
| Sat, 27 May 2023 | ฿529.9b | ฿1.5t | ฿17.2b | 19.5x | 30.8x | 0.4x |
| Mon, 24 Apr 2023 | ฿563.2b | ฿1.5t | ฿33.6b | 14.8x | 16.7x | 0.4x |
| Wed, 22 Mar 2023 | ฿590.7b | ฿1.5t | ฿33.6b | 15x | 17.6x | 0.4x |
| Fri, 17 Feb 2023 | ฿653.0b | ฿1.5t | ฿54.4b | 17.9x | 12x | 0.4x |
| Sun, 15 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 | 1.66% | |
| Materials | 5.66% | |
| Chemicals | 4.99% | |
| Commodity Chemicals | 5.06% | |
| Specialty Chemicals | 2.76% | |
| Fertilizers and Agricultural Chemicals | 1.20% | |
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 88% 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 88% 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 | |
|---|---|---|---|---|---|
| IVL Indorama Ventures | ฿17.10 | 6.2% +฿5.6b | -29.3% | PS0.2x | |
| PTTGC PTT Global Chemical | ฿22.20 | 5.7% +฿5.4b | -10.5% | PS0.2x | |
| TOA TOA Paint (Thailand) | ฿14.60 | 7.4% +฿1.9b | 1.4% | PE11.2x | |
| EPG Eastern Polymer Group | ฿2.96 | 4.2% +฿336.0m | -19.1% | PE8.3x | |
| BCT Birla Carbon (Thailand) | ฿52.00 | 1.0% +฿150.0m | -24.1% | PE5.1x |