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Thai (SET) Steel Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies23
- 7D-1.7%
- 3M-6.3%
- 1Y-13.8%
- YTDn/a
The Steel industry has been flat over the last week, but Tata Steel (Thailand) has lost 5.6%. As for the longer term, the industry has declined 15% in the last 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, 16 Nov 2025 | ฿37.8b | ฿130.2b | ฿931.3m | 21x | 40.6x | 0.3x |
| Tue, 14 Oct 2025 | ฿41.1b | ฿129.2b | -฿706,611,730.00 | 18.6x | -58.1x | 0.3x |
| Thu, 11 Sep 2025 | ฿40.4b | ฿129.2b | -฿705,292,730.00 | 19.3x | -57.2x | 0.3x |
| Sat, 09 Aug 2025 | ฿40.3b | ฿131.5b | -฿498,093,365.00 | 15.9x | -80.9x | 0.3x |
| Mon, 07 Jul 2025 | ฿38.9b | ฿131.3b | -฿712,997,365.00 | 17.2x | -54.6x | 0.3x |
| Wed, 04 Jun 2025 | ฿37.2b | ฿131.3b | -฿710,538,365.00 | 16.3x | -52.4x | 0.3x |
| Fri, 02 May 2025 | ฿36.7b | ฿134.5b | -฿421,117,527.00 | 15.5x | -87.1x | 0.3x |
| Sun, 30 Mar 2025 | ฿35.2b | ฿141.7b | -฿6,312,983,972.00 | 12x | -5.6x | 0.2x |
| Tue, 25 Feb 2025 | ฿36.0b | ฿142.4b | -฿6,069,102,391.00 | 12.7x | -5.9x | 0.3x |
| Thu, 23 Jan 2025 | ฿37.0b | ฿141.6b | -฿6,179,788,769.00 | 16.2x | -6x | 0.3x |
| Sat, 21 Dec 2024 | ฿40.1b | ฿141.4b | -฿6,524,410,769.00 | 21.7x | -6.2x | 0.3x |
| Mon, 18 Nov 2024 | ฿43.9b | ฿146.5b | -฿3,208,827,203.00 | 18.4x | -13.7x | 0.3x |
| Wed, 16 Oct 2024 | ฿47.6b | ฿148.1b | -฿2,229,144,497.00 | 15.2x | -21.3x | 0.3x |
| Fri, 13 Sep 2024 | ฿45.9b | ฿148.1b | -฿2,228,235,745.00 | 15.6x | -20.6x | 0.3x |
| Sun, 11 Aug 2024 | ฿42.4b | ฿154.1b | -฿1,093,833,574.00 | 17.7x | -38.7x | 0.3x |
| Tue, 09 Jul 2024 | ฿47.2b | ฿153.5b | -฿1,610,802,594.00 | 16.3x | -29.3x | 0.3x |
| Thu, 06 Jun 2024 | ฿49.1b | ฿153.4b | -฿1,612,531,594.00 | 16.5x | -30.5x | 0.3x |
| Sat, 04 May 2024 | ฿50.8b | ฿157.9b | -฿464,618,232.00 | 14.1x | -109.4x | 0.3x |
| Mon, 01 Apr 2024 | ฿51.4b | ฿158.5b | -฿555,219,190.00 | 14.5x | -92.6x | 0.3x |
| Wed, 28 Feb 2024 | ฿51.8b | ฿159.3b | -฿4,144,756,676.00 | 15.4x | -12.5x | 0.3x |
| Fri, 26 Jan 2024 | ฿52.5b | ฿162.0b | -฿4,830,895,017.00 | 12.4x | -10.9x | 0.3x |
| Sun, 24 Dec 2023 | ฿52.6b | ฿163.4b | -฿4,821,463,017.00 | 12.8x | -10.9x | 0.3x |
| Tue, 21 Nov 2023 | ฿51.4b | ฿163.3b | -฿4,636,273,330.00 | 12.8x | -11.1x | 0.3x |
| Thu, 19 Oct 2023 | ฿53.0b | ฿164.4b | -฿6,574,344,362.00 | 21.5x | -8.1x | 0.3x |
| Sat, 16 Sep 2023 | ฿58.6b | ฿165.9b | -฿6,435,843,600.00 | 21.6x | -9.1x | 0.4x |
| Mon, 14 Aug 2023 | ฿54.8b | ฿165.5b | -฿5,672,277,037.00 | 18.4x | -9.7x | 0.3x |
| Wed, 12 Jul 2023 | ฿56.0b | ฿174.3b | -฿4,662,776,029.00 | 14.3x | -12x | 0.3x |
| Fri, 09 Jun 2023 | ฿60.5b | ฿174.3b | -฿4,647,037,029.00 | 16x | -13x | 0.3x |
| Sun, 07 May 2023 | ฿62.7b | ฿181.2b | -฿2,363,906,785.00 | 18.2x | -26.5x | 0.3x |
| Tue, 04 Apr 2023 | ฿68.1b | ฿182.5b | -฿2,226,617,745.00 | 20.3x | -30.6x | 0.4x |
| Thu, 02 Mar 2023 | ฿70.8b | ฿186.4b | ฿4.7b | 13.2x | 15x | 0.4x |
| Sat, 28 Jan 2023 | ฿76.4b | ฿187.1b | ฿5.3b | 11.4x | 14.5x | 0.4x |
| Mon, 26 Dec 2022 | ฿72.4b | ฿188.3b | ฿5.9b | 9.9x | 12.2x | 0.4x |
| Wed, 23 Nov 2022 | ฿70.5b | ฿188.4b | ฿6.2b | 10.7x | 11.5x | 0.4x |
Price to Earnings Ratio
11.5x
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 40.6x 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 47% 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 | -2.59% | |
| Materials | -2.42% | |
| Metals and Mining | -1.88% | |
| Steel | -1.74% | |
| Aluminum | -2.32% | |
| Diversified Metals and Mining | -13.16% | |
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 | ฿3.96 | 2.1% +฿145.0m | 12.5% | PE19.4x | |
| MCS M.C.S. Steel | ฿8.20 | 2.5% +฿95.4m | 10.8% | PE3.7x | |
| SAM Samchai Steel Industries | ฿0.16 | 6.7% +฿10.5m | -30.4% | PS0.03x | |
| PERM Permsin Steel Works | ฿0.32 | 3.2% +฿7.7m | -57.3% | PS0.07x | |
| TYCN Tycoons Worldwide Group (Thailand) | ฿1.76 | 0.6% +฿6.0m | -14.6% | PE20.8x |