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Thai (SET) Metals and Mining Industry Analysis
UpdatedNov 23, 2025
DataAggregated Company Financials
Companies26
- 7D-1.0%
- 3M-7.3%
- 1Y-15.0%
- YTD-6.3%
Over the last 7 days, the Metals and Mining industry has dropped 1.0%, driven by a pullback from STP&I of 3.0%. In contrast, Millcon Steel has gained 25%. The industry has fallen 15% in the last year.
Industry Valuation and Performance
Has the Thai Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Nov 2025 | ฿38.0b | ฿136.9b | ฿1.6b | 14x | 23.1x | 0.3x |
| Wed, 22 Oct 2025 | ฿40.9b | ฿138.5b | ฿386.8m | 12.9x | 105.8x | 0.3x |
| Fri, 19 Sep 2025 | ฿43.4b | ฿137.0b | -฿628,079,568.00 | 13.2x | -69.1x | 0.3x |
| Sun, 17 Aug 2025 | ฿41.3b | ฿137.2b | -฿624,240,286.00 | 13x | -66.1x | 0.3x |
| Tue, 15 Jul 2025 | ฿40.5b | ฿139.3b | -฿575,909,203.00 | 16.3x | -70.4x | 0.3x |
| Thu, 12 Jun 2025 | ฿39.8b | ฿139.3b | -฿573,450,203.00 | 14.7x | -69.5x | 0.3x |
| Sat, 10 May 2025 | ฿39.3b | ฿142.8b | -฿272,693,365.00 | 12.9x | -144x | 0.3x |
| Mon, 07 Apr 2025 | ฿36.1b | ฿143.1b | -฿226,046,205.00 | 11.3x | -159.6x | 0.3x |
| Wed, 05 Mar 2025 | ฿35.7b | ฿149.8b | -฿6,249,472,902.00 | 10.9x | -5.7x | 0.2x |
| Fri, 31 Jan 2025 | ฿39.4b | ฿150.3b | -฿6,106,579,512.00 | 13.5x | -6.4x | 0.3x |
| Sun, 29 Dec 2024 | ฿41.3b | ฿150.1b | -฿6,451,201,512.00 | 16.6x | -6.4x | 0.3x |
| Tue, 26 Nov 2024 | ฿45.2b | ฿149.4b | -฿6,437,120,360.00 | 19.2x | -7x | 0.3x |
| Thu, 24 Oct 2024 | ฿48.6b | ฿157.2b | -฿2,121,151,240.00 | 15.3x | -22.9x | 0.3x |
| Sat, 21 Sep 2024 | ฿49.0b | ฿157.2b | -฿2,120,242,488.00 | 16x | -23.1x | 0.3x |
| Mon, 19 Aug 2024 | ฿43.2b | ฿157.2b | -฿2,120,242,493.00 | 14.4x | -20.4x | 0.3x |
| Wed, 17 Jul 2024 | ฿48.2b | ฿163.0b | -฿1,506,813,337.00 | 13.5x | -32x | 0.3x |
| Fri, 14 Jun 2024 | ฿50.3b | ฿163.0b | -฿1,508,542,337.00 | 13.7x | -33.4x | 0.3x |
| Sun, 12 May 2024 | ฿52.8b | ฿164.5b | -฿678,648,762.00 | 11x | -77.8x | 0.3x |
| Tue, 09 Apr 2024 | ฿52.0b | ฿167.9b | -฿478,585,933.00 | 11x | -108.6x | 0.3x |
| Thu, 07 Mar 2024 | ฿52.1b | ฿168.6b | ฿213.4m | 11x | 244.4x | 0.3x |
| Sat, 03 Feb 2024 | ฿55.0b | ฿171.4b | -฿4,861,647,043.00 | 10.5x | -11.3x | 0.3x |
| Mon, 01 Jan 2024 | ฿54.9b | ฿172.8b | -฿4,852,215,043.00 | 10.2x | -11.3x | 0.3x |
| Wed, 29 Nov 2023 | ฿54.3b | ฿172.9b | -฿4,862,214,043.00 | 10.2x | -11.2x | 0.3x |
| Fri, 27 Oct 2023 | ฿52.8b | ฿173.9b | -฿6,663,910,388.00 | 17.4x | -7.9x | 0.3x |
| Sun, 24 Sep 2023 | ฿59.9b | ฿175.4b | -฿6,367,621,392.00 | 19.5x | -9.4x | 0.3x |
| Tue, 22 Aug 2023 | ฿56.7b | ฿175.5b | -฿6,289,699,110.00 | 18.3x | -9x | 0.3x |
| Thu, 20 Jul 2023 | ฿59.0b | ฿181.2b | -฿5,101,903,821.00 | 14.9x | -11.6x | 0.3x |
| Sat, 17 Jun 2023 | ฿62.7b | ฿183.7b | -฿4,567,723,821.00 | 12.7x | -13.7x | 0.3x |
| Mon, 15 May 2023 | ฿66.5b | ฿189.4b | -฿2,609,655,577.00 | 16.2x | -25.5x | 0.4x |
| Wed, 12 Apr 2023 | ฿70.0b | ฿192.2b | -฿1,955,658,537.00 | 16.4x | -35.8x | 0.4x |
| Fri, 10 Mar 2023 | ฿72.9b | ฿194.8b | ฿3.9b | 13.6x | 18.6x | 0.4x |
| Sun, 05 Feb 2023 | ฿81.4b | ฿196.8b | ฿5.5b | 11.7x | 14.7x | 0.4x |
| Tue, 03 Jan 2023 | ฿76.2b | ฿198.0b | ฿6.2b | 10.1x | 12.3x | 0.4x |
| Thu, 01 Dec 2022 | ฿74.4b | ฿198.1b | ฿6.4b | 10.4x | 11.6x | 0.4x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are pessimistic on the Thai Metals and Mining 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 23.1x which is higher than its 3-year average PE of -142x.
- The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 36% per year over the last three years,
- Revenues have also declined 12% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | -1.17% | |
| Materials | -2.71% | |
| Metals and Mining | -1.00% | |
| Diversified Metals and Mining | 9.09% | |
| Aluminum | 1.22% | |
| Steel | -1.15% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MILL Millcon Steel | ฿0.10 | 25.0% +฿174.3m | 0% | PS0.4x | |
| INOX POSCO-Thainox | ฿0.38 | 2.7% +฿78.0m | -26.9% | PE50.5x | |
| PAP Pacific Pipe | ฿1.99 | 4.7% +฿59.4m | 13.1% | PE15.1x | |
| TMT TMT Steel | ฿2.88 | 2.1% +฿52.2m | -15.8% | PE36.1x | |
| SQ Sahakol Equipment | ฿0.36 | 9.1% +฿34.5m | -59.6% | PS0.1x |