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Thai (SET) Steel Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies23
- 7D2.0%
- 3M-4.4%
- 1Y-14.4%
- YTDn/a
In the last week, the Steel industry is up 1.5%, with STP&I up 12%. In the past year, the industry is down 15%.
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 |
|---|---|---|---|---|---|---|
| Thu, 13 Nov 2025 | ฿37.6b | ฿130.2b | ฿817.0m | 20.8x | 46x | 0.3x |
| Sat, 11 Oct 2025 | ฿41.1b | ฿129.2b | -฿706,611,730.00 | 18.6x | -58.1x | 0.3x |
| Mon, 08 Sep 2025 | ฿40.4b | ฿129.2b | -฿705,292,730.00 | 19.2x | -57.3x | 0.3x |
| Wed, 06 Aug 2025 | ฿40.2b | ฿131.3b | -฿429,553,365.00 | 16.3x | -93.6x | 0.3x |
| Fri, 04 Jul 2025 | ฿38.3b | ฿131.3b | -฿712,997,365.00 | 16.6x | -53.7x | 0.3x |
| Sun, 01 Jun 2025 | ฿37.2b | ฿131.3b | -฿710,538,365.00 | 16.3x | -52.4x | 0.3x |
| Tue, 29 Apr 2025 | ฿36.6b | ฿134.5b | -฿421,117,527.00 | 15.1x | -87x | 0.3x |
| Thu, 27 Mar 2025 | ฿35.8b | ฿141.7b | -฿6,312,983,972.00 | 12x | -5.7x | 0.3x |
| Sat, 22 Feb 2025 | ฿36.0b | ฿142.6b | -฿6,044,207,441.00 | 12.5x | -6x | 0.3x |
| Mon, 20 Jan 2025 | ฿36.7b | ฿141.6b | -฿6,179,788,769.00 | 16.6x | -5.9x | 0.3x |
| Wed, 18 Dec 2024 | ฿41.8b | ฿140.7b | -฿6,518,249,615.00 | 22.7x | -6.4x | 0.3x |
| Fri, 15 Nov 2024 | ฿45.0b | ฿147.1b | -฿2,897,716,730.00 | 15.2x | -15.5x | 0.3x |
| Sun, 13 Oct 2024 | ฿48.9b | ฿148.1b | -฿2,229,144,497.00 | 15.3x | -21.9x | 0.3x |
| Tue, 10 Sep 2024 | ฿45.2b | ฿148.1b | -฿2,228,235,745.00 | 14.8x | -20.3x | 0.3x |
| Thu, 08 Aug 2024 | ฿41.4b | ฿154.1b | -฿1,570,384,594.00 | 15.6x | -26.4x | 0.3x |
| Sat, 06 Jul 2024 | ฿47.3b | ฿153.5b | -฿1,610,802,594.00 | 16.3x | -29.3x | 0.3x |
| Mon, 03 Jun 2024 | ฿49.8b | ฿153.4b | -฿1,699,048,784.00 | 17x | -29.3x | 0.3x |
| Wed, 01 May 2024 | ฿50.9b | ฿157.9b | -฿464,618,232.00 | 13.9x | -109.5x | 0.3x |
| Fri, 29 Mar 2024 | ฿51.6b | ฿158.5b | -฿555,219,190.00 | 14.5x | -92.9x | 0.3x |
| Sun, 25 Feb 2024 | ฿51.7b | ฿159.3b | -฿4,145,028,676.00 | 15.6x | -12.5x | 0.3x |
| Tue, 23 Jan 2024 | ฿53.5b | ฿162.0b | -฿4,830,895,017.00 | 12.8x | -11.1x | 0.3x |
| Thu, 21 Dec 2023 | ฿51.8b | ฿163.4b | -฿4,821,463,017.00 | 12.7x | -10.7x | 0.3x |
| Sat, 18 Nov 2023 | ฿51.5b | ฿163.8b | -฿4,552,380,330.00 | 12.9x | -11.3x | 0.3x |
| Mon, 16 Oct 2023 | ฿53.9b | ฿165.9b | -฿6,437,714,362.00 | 21.6x | -8.4x | 0.3x |
| Wed, 13 Sep 2023 | ฿59.1b | ฿165.9b | -฿6,435,843,600.00 | 21.6x | -9.2x | 0.4x |
| Fri, 11 Aug 2023 | ฿56.0b | ฿171.2b | -฿5,210,855,029.00 | 18.2x | -10.8x | 0.3x |
| Sun, 09 Jul 2023 | ฿56.2b | ฿174.3b | -฿4,662,776,029.00 | 14.6x | -12x | 0.3x |
| Tue, 06 Jun 2023 | ฿59.9b | ฿174.3b | -฿4,647,037,029.00 | 16x | -12.9x | 0.3x |
| Thu, 04 May 2023 | ฿62.7b | ฿181.2b | -฿2,363,906,785.00 | 18.2x | -26.5x | 0.3x |
| Sat, 01 Apr 2023 | ฿68.5b | ฿182.5b | -฿2,226,617,745.00 | 20.3x | -30.7x | 0.4x |
| Mon, 27 Feb 2023 | ฿72.7b | ฿186.4b | ฿4.7b | 13.5x | 15.4x | 0.4x |
| Wed, 25 Jan 2023 | ฿77.2b | ฿187.1b | ฿5.3b | 11.6x | 14.6x | 0.4x |
| Fri, 23 Dec 2022 | ฿72.3b | ฿188.3b | ฿5.9b | 9.9x | 12.2x | 0.4x |
| Sun, 20 Nov 2022 | ฿71.8b | ฿189.8b | ฿6.2b | 10.7x | 11.6x | 0.4x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are optimistic on the Thai Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 46.0x which is higher than its 3-year average PE of -31.7x.
- 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 52% 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 | -0.82% | |
| Materials | -1.26% | |
| Metals and Mining | 1.71% | |
| Steel | 1.95% | |
| Aluminum | -0.27% | |
| Diversified Metals and Mining | -15.00% | |
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 | |
|---|---|---|---|---|---|
| STPI STP&I | ฿4.08 | 12.1% +฿797.4m | 10.3% | PE130.5x | |
| MILL Millcon Steel | ฿0.09 | 28.6% +฿174.3m | 0% | PS0.5x | |
| TYCN Tycoons Worldwide Group (Thailand) | ฿1.75 | 4.8% +฿47.7m | -15.9% | PE20.6x | |
| TGPRO Thai-German Products | ฿0.06 | 20.0% +฿47.2m | -45.5% | PS0.2x | |
| CEN Capital Engineering Network | ฿1.00 | 6.4% +฿44.7m | -50.0% | PS0.7x |