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Thai (SET) Chemicals Industry Analysis
UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies32
- 7D-1.3%
- 3M32.5%
- 1Y27.9%
- YTD26.5%
Chememan is up 6.4%, leading the way for the Chemicals industry, which has gained 2.0%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 82% per annum.
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, 27 Feb 2026 | ฿344.5b | ฿1.1t | -฿11,639,962,774.00 | 10.9x | -29.6x | 0.3x |
| Sun, 25 Jan 2026 | ฿308.3b | ฿1.1t | -฿15,025,220,095.00 | 11.6x | -20.5x | 0.3x |
| Tue, 23 Dec 2025 | ฿265.2b | ฿1.1t | -฿15,025,220,095.00 | 11.4x | -17.7x | 0.2x |
| Thu, 20 Nov 2025 | ฿270.8b | ฿1.1t | -฿15,195,253,596.00 | 10.8x | -17.8x | 0.2x |
| Sat, 18 Oct 2025 | ฿304.1b | ฿1.2t | -฿33,479,677,354.00 | 11.4x | -9.1x | 0.3x |
| Mon, 15 Sep 2025 | ฿354.9b | ฿1.2t | -฿33,479,677,354.00 | 12.5x | -10.6x | 0.3x |
| Wed, 13 Aug 2025 | ฿331.9b | ฿1.3t | -฿47,945,886,006.00 | 12.8x | -6.9x | 0.3x |
| Fri, 11 Jul 2025 | ฿288.8b | ฿1.3t | -฿48,046,023,856.00 | 12.2x | -6x | 0.2x |
| Sun, 08 Jun 2025 | ฿286.3b | ฿1.3t | -฿48,089,658,436.00 | 11.4x | -6x | 0.2x |
| Tue, 06 May 2025 | ฿268.2b | ฿1.3t | -฿45,640,905,256.00 | 10.4x | -5.9x | 0.2x |
| Thu, 03 Apr 2025 | ฿280.1b | ฿1.3t | -฿45,640,905,256.00 | 11.3x | -6.1x | 0.2x |
| Sat, 01 Mar 2025 | ฿274.1b | ฿1.3t | -฿44,447,984,883.00 | 11.9x | -6.2x | 0.2x |
| Mon, 27 Jan 2025 | ฿336.2b | ฿1.3t | -฿43,463,164,463.00 | 11.8x | -7.7x | 0.3x |
| Wed, 25 Dec 2024 | ฿362.9b | ฿1.3t | -฿43,463,164,463.00 | 12.4x | -8.3x | 0.3x |
| Fri, 22 Nov 2024 | ฿373.4b | ฿1.3t | -฿43,593,802,520.00 | 13.7x | -8.6x | 0.3x |
| Sun, 20 Oct 2024 | ฿379.9b | ฿1.3t | -฿18,929,609,061.00 | 14.2x | -20.1x | 0.3x |
| Tue, 17 Sep 2024 | ฿392.5b | ฿1.3t | -฿18,929,609,061.00 | 14.3x | -20.7x | 0.3x |
| Thu, 15 Aug 2024 | ฿314.6b | ฿1.3t | -฿18,806,679,628.00 | 12x | -16.7x | 0.2x |
| Sat, 13 Jul 2024 | ฿380.6b | ฿1.3t | -฿2,993,335,294.00 | 14.2x | -127.2x | 0.3x |
| Mon, 10 Jun 2024 | ฿405.0b | ฿1.3t | -฿3,019,660,912.00 | 14.3x | -134.1x | 0.3x |
| Wed, 08 May 2024 | ฿443.9b | ฿1.3t | -฿594,511,403.00 | 16.2x | -746.7x | 0.3x |
| Fri, 05 Apr 2024 | ฿459.4b | ฿1.3t | -฿594,511,403.00 | 16.5x | -772.7x | 0.4x |
| Sun, 03 Mar 2024 | ฿436.2b | ฿1.3t | -฿634,646,965.00 | 16.5x | -687.4x | 0.3x |
| Tue, 30 Jan 2024 | ฿452.7b | ฿1.3t | -฿6,660,266,053.00 | 20.5x | -68x | 0.3x |
| Thu, 28 Dec 2023 | ฿483.7b | ฿1.3t | -฿6,660,266,053.00 | 20.5x | -72.6x | 0.4x |
| Sat, 25 Nov 2023 | ฿463.0b | ฿1.3t | -฿6,660,266,053.00 | 19.7x | -69.5x | 0.4x |
| Mon, 23 Oct 2023 | ฿437.8b | ฿1.4t | -฿11,894,491,686.00 | 18.6x | -36.8x | 0.3x |
| Wed, 20 Sep 2023 | ฿484.2b | ฿1.4t | -฿11,894,491,686.00 | 22.3x | -40.7x | 0.4x |
| Fri, 18 Aug 2023 | ฿504.5b | ฿1.4t | -฿12,254,800,331.00 | 22x | -41.2x | 0.4x |
| Sun, 16 Jul 2023 | ฿554.4b | ฿1.5t | ฿16.3b | 18.4x | 33.9x | 0.4x |
| Tue, 13 Jun 2023 | ฿546.2b | ฿1.5t | ฿16.3b | 20.4x | 33.4x | 0.4x |
| Thu, 11 May 2023 | ฿576.6b | ฿1.5t | ฿33.1b | 15.6x | 17.4x | 0.4x |
| Sat, 08 Apr 2023 | ฿585.0b | ฿1.5t | ฿33.6b | 14.8x | 17.4x | 0.4x |
| Mon, 06 Mar 2023 | ฿620.6b | ฿1.5t | ฿35.2b | 15.9x | 17.6x | 0.4x |
Price to Earnings Ratio
17.6x
Current Industry PE
- Investors are relatively neutral on the Thai Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.30x.
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 10% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | 2.65% | |
| Materials | -0.46% | |
| Chemicals | -1.28% | |
| Fertilizers and Agricultural Chemicals | -0.48% | |
| Specialty Chemicals | -1.25% | |
| Commodity Chemicals | -1.28% | |
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 15.9x.
- 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 82% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 82% 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 | |
|---|---|---|---|---|---|
| CMAN Chememan | ฿2.66 | 6.4% +฿153.6m | 18.8% | PE7x | |
| BCT Birla Carbon (Thailand) | ฿50.50 | 1.0% +฿150.0m | -23.5% | PE8.8x | |
| UBIS Ubis (Asia) | ฿1.28 | 43.8% +฿111.1m | 5.8% | PE23x | |
| UP Union Plastic | ฿23.20 | 7.9% +฿42.5m | 31.8% | PE9.2x | |
| PSP P.S.P. Specialties | ฿4.52 | 0.4% +฿28.0m | 8.1% | PE7x |