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Thai (SET) Steel Industry Analysis

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies23
  • 7D-2.0%
  • 3M7.2%
  • 1Y-7.3%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 1.3%, driven by a pullback from TMT Steel of 8.9%. Overall the industry is down 5.0% in 12 months.

Industry Valuation and Performance

Has the Thai Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025฿39.5b฿129.2b-฿701,453,446.0019.1x-56.3x0.3x
Fri, 18 Jul 2025฿39.5b฿131.3b-฿712,997,365.0018.3x-55.3x0.3x
Sun, 15 Jun 2025฿37.7b฿131.3b-฿712,997,365.0016.3x-52.8x0.3x
Tue, 13 May 2025฿37.6b฿133.1b-฿673,745,356.0016.9x-55.9x0.3x
Thu, 10 Apr 2025฿33.1b฿134.8b-฿374,470,367.0011.5x-88.3x0.2x
Sat, 08 Mar 2025฿35.4b฿141.5b-฿6,397,897,064.0012x-5.5x0.3x
Mon, 03 Feb 2025฿37.7b฿141.6b-฿6,179,788,769.0016.6x-6.1x0.3x
Wed, 01 Jan 2025฿39.4b฿141.4b-฿6,524,410,769.0022.7x-6x0.3x
Fri, 29 Nov 2024฿42.9b฿140.7b-฿6,510,329,615.0023.1x-6.6x0.3x
Sun, 27 Oct 2024฿46.1b฿148.0b-฿2,425,338,199.0015.3x-19x0.3x
Tue, 24 Sep 2024฿47.0b฿148.1b-฿2,228,235,745.0016x-21.1x0.3x
Thu, 22 Aug 2024฿42.9b฿148.2b-฿2,228,235,745.0014.2x-19.2x0.3x
Sat, 20 Jul 2024฿45.7b฿153.5b-฿1,610,802,594.0016.5x-28.4x0.3x
Mon, 17 Jun 2024฿47.5b฿153.5b-฿1,610,802,594.0016.5x-29.5x0.3x
Wed, 15 May 2024฿50.2b฿154.7b-฿865,887,672.0019.4x-58x0.3x
Fri, 12 Apr 2024฿50.7b฿158.5b-฿555,219,190.0014.3x-91.4x0.3x
Sun, 10 Mar 2024฿49.7b฿158.6b฿136.7m14.7x363.6x0.3x
Tue, 06 Feb 2024฿52.3b฿162.0b-฿4,830,895,017.0012.3x-10.8x0.3x
Thu, 04 Jan 2024฿53.9b฿163.4b-฿4,821,463,017.0012.9x-11.2x0.3x
Sat, 02 Dec 2023฿51.9b฿163.4b-฿4,831,462,017.0013x-10.8x0.3x
Mon, 30 Oct 2023฿50.4b฿164.4b-฿6,574,344,362.0021.4x-7.7x0.3x
Wed, 27 Sep 2023฿56.7b฿165.9b-฿6,435,843,600.0021.5x-8.8x0.3x
Fri, 25 Aug 2023฿55.3b฿165.9b-฿6,435,843,600.0021.6x-8.6x0.3x
Sun, 23 Jul 2023฿56.0b฿171.8b-฿5,196,956,029.0018.3x-10.8x0.3x
Tue, 20 Jun 2023฿59.5b฿174.3b-฿4,662,776,029.0015.6x-12.8x0.3x
Thu, 18 May 2023฿63.2b฿177.0b-฿4,128,108,785.0027.5x-15.3x0.4x
Sat, 15 Apr 2023฿67.3b฿182.5b-฿2,226,617,745.0019.6x-30.2x0.4x
Mon, 13 Mar 2023฿69.3b฿185.5b฿3.1b14.3x22.6x0.4x
Wed, 08 Feb 2023฿76.9b฿187.1b฿5.3b11.7x14.6x0.4x
Fri, 06 Jan 2023฿72.4b฿188.3b฿5.9b10x12.2x0.4x
Sun, 04 Dec 2022฿71.0b฿188.4b฿6.2b10.5x11.5x0.4x
Tue, 01 Nov 2022฿74.6b฿191.0b฿11.1b7.5x6.7x0.4x
Thu, 29 Sep 2022฿76.7b฿191.3b฿12.0b7.6x6.4x0.4x
Sat, 27 Aug 2022฿78.2b฿191.3b฿12.0b7.8x6.5x0.4x
Price to Earnings Ratio

6.5x


Total Market Cap: ฿78.2bTotal Earnings: ฿12.0bTotal Revenue: ฿191.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Steel Industry Price to Earnings3Y Average -30.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Thai Steel 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 0.33x.
Past Earnings Growth
  • Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 12% per year, which is driving profits down.

Industry Comparison

How does Thai Steel compare with similar industries?

TH Market-1.85%
Materials-3.94%
Metals and Mining-2.17%
Steel-1.96%
Aluminum-6.59%
Diversified Metals and Mining-8.45%
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?

CompanyLast Price7D1YValuation
GJS G J Steel฿0.138.3%
+฿254.9m
-31.6%PS0.3x
2S 2S Metal฿2.663.9%
+฿55.0m
-9.5%PE18.5x
STPI STP&I฿3.900.5%
+฿36.2m
17.5%PE124.7x
BSBM Bangsaphan Barmill฿0.701.4%
+฿11.2m
-2.8%PS2.3x
PERM Permsin Steel Works฿0.343.0%
+฿7.7m
-57.5%PS0.08x

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