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Thai (SET) Metals and Mining Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies26
- 7D-0.9%
- 3M-5.8%
- 1Y-13.8%
- YTD-4.8%
Over the last 7 days, the Metals and Mining industry has dropped 3.4%, driven by pullbacks in STP&I and Tata Steel (Thailand) of 2.5% and 2.8%, respectively. 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | ฿37.9b | ฿137.0b | ฿1.6b | 13.8x | 23.3x | 0.3x |
| Sun, 19 Oct 2025 | ฿41.0b | ฿137.0b | -฿629,398,568.00 | 12.7x | -65.1x | 0.3x |
| Tue, 16 Sep 2025 | ฿43.9b | ฿137.0b | -฿628,079,568.00 | 13.2x | -69.9x | 0.3x |
| Thu, 14 Aug 2025 | ฿41.5b | ฿139.1b | -฿501,161,924.00 | 13x | -82.9x | 0.3x |
| Sat, 12 Jul 2025 | ฿40.1b | ฿139.3b | -฿575,909,203.00 | 15.7x | -69.7x | 0.3x |
| Mon, 09 Jun 2025 | ฿38.9b | ฿139.3b | -฿573,450,203.00 | 14.4x | -67.8x | 0.3x |
| Wed, 07 May 2025 | ฿38.3b | ฿142.8b | -฿272,693,365.00 | 12.2x | -140.6x | 0.3x |
| Fri, 04 Apr 2025 | ฿36.9b | ฿143.1b | -฿226,046,205.00 | 12x | -163.4x | 0.3x |
| Sun, 02 Mar 2025 | ฿36.0b | ฿150.4b | -฿6,334,241,140.00 | 11.7x | -5.7x | 0.2x |
| Tue, 28 Jan 2025 | ฿39.4b | ฿150.3b | -฿6,106,579,512.00 | 13.5x | -6.4x | 0.3x |
| Thu, 26 Dec 2024 | ฿41.8b | ฿150.1b | -฿6,451,201,512.00 | 17.3x | -6.5x | 0.3x |
| Sat, 23 Nov 2024 | ฿45.3b | ฿154.5b | -฿3,022,144,364.00 | 18.3x | -15x | 0.3x |
| Mon, 21 Oct 2024 | ฿49.6b | ฿157.2b | -฿2,121,151,240.00 | 15.3x | -23.4x | 0.3x |
| Wed, 18 Sep 2024 | ฿49.2b | ฿157.2b | -฿2,120,242,488.00 | 16.1x | -23.2x | 0.3x |
| Fri, 16 Aug 2024 | ฿43.2b | ฿157.9b | -฿733,719,687.00 | 12.8x | -58.8x | 0.3x |
| Sun, 14 Jul 2024 | ฿48.9b | ฿163.0b | -฿1,506,813,337.00 | 13.7x | -32.5x | 0.3x |
| Tue, 11 Jun 2024 | ฿51.4b | ฿163.0b | -฿1,508,542,337.00 | 13.9x | -34x | 0.3x |
| Thu, 09 May 2024 | ฿53.2b | ฿167.4b | -฿387,984,975.00 | 11x | -137x | 0.3x |
| Sat, 06 Apr 2024 | ฿52.0b | ฿167.9b | -฿478,585,933.00 | 11x | -108.6x | 0.3x |
| Mon, 04 Mar 2024 | ฿52.7b | ฿168.3b | ฿68.6m | 11.1x | 767.9x | 0.3x |
| Wed, 31 Jan 2024 | ฿54.8b | ฿171.4b | -฿4,861,647,043.00 | 10.8x | -11.3x | 0.3x |
| Fri, 29 Dec 2023 | ฿54.9b | ฿172.8b | -฿4,852,215,043.00 | 10.2x | -11.3x | 0.3x |
| Sun, 26 Nov 2023 | ฿54.1b | ฿172.9b | -฿4,862,214,043.00 | 10.3x | -11.1x | 0.3x |
| Tue, 24 Oct 2023 | ฿53.6b | ฿173.9b | -฿6,663,910,388.00 | 17.9x | -8x | 0.3x |
| Thu, 21 Sep 2023 | ฿59.6b | ฿175.4b | -฿6,367,621,392.00 | 19.4x | -9.4x | 0.3x |
| Sat, 19 Aug 2023 | ฿56.7b | ฿175.5b | -฿6,289,700,109.00 | 18.3x | -9x | 0.3x |
| Mon, 17 Jul 2023 | ฿58.2b | ฿183.7b | -฿4,567,723,821.00 | 11.6x | -12.7x | 0.3x |
| Wed, 14 Jun 2023 | ฿62.9b | ฿183.8b | -฿4,551,984,821.00 | 12.9x | -13.8x | 0.3x |
| Fri, 12 May 2023 | ฿66.2b | ฿190.9b | -฿2,106,592,577.00 | 15.6x | -31.4x | 0.3x |
| Sun, 09 Apr 2023 | ฿69.5b | ฿192.2b | -฿1,955,658,537.00 | 17.1x | -35.5x | 0.4x |
| Tue, 07 Mar 2023 | ฿72.7b | ฿196.1b | ฿5.0b | 12.8x | 14.6x | 0.4x |
| Thu, 02 Feb 2023 | ฿81.3b | ฿196.8b | ฿5.5b | 11.5x | 14.7x | 0.4x |
| Sat, 31 Dec 2022 | ฿76.2b | ฿198.0b | ฿6.2b | 10.1x | 12.3x | 0.4x |
| Mon, 28 Nov 2022 | ฿74.4b | ฿198.1b | ฿6.4b | 10.3x | 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 23.3x 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 37% 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 | -0.45% | |
| Materials | -2.58% | |
| Metals and Mining | -0.91% | |
| Diversified Metals and Mining | 12.50% | |
| Aluminum | 0.78% | |
| Steel | -1.07% | |
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 |