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Thai (SET) Steel Industry Analysis
UpdatedNov 23, 2025
DataAggregated Company Financials
Companies23
- 7D-1.1%
- 3M-6.6%
- 1Y-13.9%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 1.1%, driven by a pullback from STP&I of 3.0%. On the other hand Millcon Steel is actually up 25%. However, the industry is down 13% over the past year.
Industry Valuation and Performance
Has the Thai Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Nov 2025 | ฿36.8b | ฿129.5b | ฿1.6b | 16.9x | 23.1x | 0.3x |
| Tue, 21 Oct 2025 | ฿39.7b | ฿130.7b | ฿309.6m | 18.6x | 128.3x | 0.3x |
| Thu, 18 Sep 2025 | ฿42.3b | ฿129.2b | -฿705,292,730.00 | 19.2x | -60x | 0.3x |
| Sat, 16 Aug 2025 | ฿39.8b | ฿129.4b | -฿654,485,077.00 | 35.3x | -60.8x | 0.3x |
| Mon, 14 Jul 2025 | ฿38.6b | ฿131.3b | -฿712,997,365.00 | 16.9x | -54.2x | 0.3x |
| Wed, 11 Jun 2025 | ฿37.7b | ฿131.3b | -฿710,538,365.00 | 16.9x | -53.1x | 0.3x |
| Fri, 09 May 2025 | ฿37.1b | ฿134.5b | -฿421,117,527.00 | 15.5x | -88.1x | 0.3x |
| Sun, 06 Apr 2025 | ฿34.4b | ฿134.8b | -฿374,470,367.00 | 12.1x | -91.8x | 0.3x |
| Tue, 04 Mar 2025 | ฿33.9b | ฿142.0b | -฿6,469,723,977.00 | 12.4x | -5.2x | 0.2x |
| Thu, 30 Jan 2025 | ฿37.8b | ฿141.6b | -฿6,179,788,769.00 | 16.6x | -6.1x | 0.3x |
| Sat, 28 Dec 2024 | ฿39.6b | ฿141.4b | -฿6,524,410,769.00 | 22.7x | -6.1x | 0.3x |
| Mon, 25 Nov 2024 | ฿43.4b | ฿140.7b | -฿6,510,329,620.00 | 24x | -6.7x | 0.3x |
| Wed, 23 Oct 2024 | ฿46.6b | ฿148.1b | -฿2,229,144,497.00 | 15.3x | -20.9x | 0.3x |
| Fri, 20 Sep 2024 | ฿47.0b | ฿148.1b | -฿2,228,235,745.00 | 16x | -21.1x | 0.3x |
| Sun, 18 Aug 2024 | ฿41.7b | ฿148.1b | -฿2,228,235,750.00 | 14.4x | -18.7x | 0.3x |
| Tue, 16 Jul 2024 | ฿46.7b | ฿153.5b | -฿1,610,802,594.00 | 16.3x | -29x | 0.3x |
| Thu, 13 Jun 2024 | ฿48.7b | ฿153.5b | -฿1,612,531,594.00 | 16.9x | -30.2x | 0.3x |
| Sat, 11 May 2024 | ฿50.7b | ฿155.6b | -฿666,701,149.00 | 13.9x | -76x | 0.3x |
| Mon, 08 Apr 2024 | ฿49.9b | ฿158.5b | -฿555,219,190.00 | 15x | -89.9x | 0.3x |
| Wed, 06 Mar 2024 | ฿49.9b | ฿159.1b | ฿136.7m | 14.8x | 364.7x | 0.3x |
| Fri, 02 Feb 2024 | ฿52.2b | ฿162.0b | -฿4,830,895,017.00 | 12.4x | -10.8x | 0.3x |
| Sun, 31 Dec 2023 | ฿52.6b | ฿163.4b | -฿4,821,463,017.00 | 12.7x | -10.9x | 0.3x |
| Tue, 28 Nov 2023 | ฿51.8b | ฿163.4b | -฿4,831,462,017.00 | 13x | -10.7x | 0.3x |
| Thu, 26 Oct 2023 | ฿51.8b | ฿164.4b | -฿6,574,344,362.00 | 21.2x | -7.9x | 0.3x |
| Sat, 23 Sep 2023 | ฿57.6b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -8.9x | 0.3x |
| Mon, 21 Aug 2023 | ฿54.6b | ฿166.0b | -฿6,357,921,318.00 | 21.6x | -8.6x | 0.3x |
| Wed, 19 Jul 2023 | ฿56.3b | ฿174.3b | -฿4,662,776,029.00 | 14.8x | -12.1x | 0.3x |
| Fri, 16 Jun 2023 | ฿60.6b | ฿174.3b | -฿4,662,776,029.00 | 15.7x | -13x | 0.3x |
| Sun, 14 May 2023 | ฿63.9b | ฿179.7b | -฿2,880,614,785.00 | 16.2x | -22.2x | 0.4x |
| Tue, 11 Apr 2023 | ฿66.5b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -29.9x | 0.4x |
| Thu, 09 Mar 2023 | ฿69.4b | ฿185.5b | ฿4.0b | 12.4x | 17.3x | 0.4x |
| Sat, 04 Feb 2023 | ฿78.0b | ฿187.1b | ฿5.3b | 11.7x | 14.8x | 0.4x |
| Mon, 02 Jan 2023 | ฿72.9b | ฿188.3b | ฿5.9b | 10.1x | 12.3x | 0.4x |
| Wed, 30 Nov 2022 | ฿70.9b | ฿188.4b | ฿6.2b | 10.3x | 11.5x | 0.4x |
Price to Earnings Ratio
11.5x
Current Industry PE
- Investors are pessimistic on the Thai Steel 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 23.4x which is higher than its 3-year average PE of -31.6x.
- The industry is trading close to its 3-year average PS ratio of 0.32x.
Past Earnings Growth
- The earnings for companies in the Steel 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 Comparison
How does Thai Steel compare with similar industries?
| TH Market | -1.17% | |
| Materials | -2.71% | |
| Metals and Mining | -1.00% | |
| Steel | -1.15% | |
| Diversified Metals and Mining | 9.09% | |
| Aluminum | 1.22% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under 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 | |
| AMC Asia Metal | ฿2.08 | 1.0% +฿9.6m | -29.7% | PS0.2x |