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Thai (SET) Steel Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies23
- 7D-1.1%
- 3M-5.1%
- 1Y-12.7%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 3.5%, driven by pullbacks in Tata Steel (Thailand) and STP&I of 8.2% and 5.9%, respectively. In contrast, Millcon Steel has gained 11%. However, the industry is down 14% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | ฿36.7b | ฿129.7b | ฿1.6b | 16.8x | 23.4x | 0.3x |
| Sun, 19 Oct 2025 | ฿39.7b | ฿129.2b | -฿706,611,730.00 | 18.5x | -56.2x | 0.3x |
| Tue, 16 Sep 2025 | ฿42.6b | ฿129.2b | -฿705,292,730.00 | 19.3x | -60.4x | 0.3x |
| Thu, 14 Aug 2025 | ฿40.0b | ฿131.1b | -฿610,650,086.00 | 15.8x | -65.4x | 0.3x |
| Sat, 12 Jul 2025 | ฿38.6b | ฿131.3b | -฿712,997,365.00 | 16.9x | -54.2x | 0.3x |
| Mon, 09 Jun 2025 | ฿37.3b | ฿131.3b | -฿710,538,365.00 | 16.5x | -52.4x | 0.3x |
| Wed, 07 May 2025 | ฿36.8b | ฿134.5b | -฿421,117,527.00 | 15.4x | -87.3x | 0.3x |
| Fri, 04 Apr 2025 | ฿35.3b | ฿134.8b | -฿374,470,367.00 | 12.1x | -94.2x | 0.3x |
| Sun, 02 Mar 2025 | ฿34.4b | ฿142.1b | -฿6,482,665,302.00 | 12.6x | -5.3x | 0.2x |
| Tue, 28 Jan 2025 | ฿37.7b | ฿141.6b | -฿6,179,788,769.00 | 17.3x | -6.1x | 0.3x |
| Thu, 26 Dec 2024 | ฿40.0b | ฿141.4b | -฿6,524,410,769.00 | 22.7x | -6.1x | 0.3x |
| Sat, 23 Nov 2024 | ฿43.4b | ฿145.8b | -฿3,095,353,621.00 | 19.2x | -14x | 0.3x |
| Mon, 21 Oct 2024 | ฿47.6b | ฿148.1b | -฿2,229,144,497.00 | 15.3x | -21.4x | 0.3x |
| Wed, 18 Sep 2024 | ฿47.1b | ฿148.1b | -฿2,228,235,745.00 | 16.1x | -21.1x | 0.3x |
| Fri, 16 Aug 2024 | ฿41.6b | ฿148.4b | -฿905,516,944.00 | 14.5x | -45.9x | 0.3x |
| Sun, 14 Jul 2024 | ฿47.0b | ฿153.5b | -฿1,610,802,594.00 | 16.5x | -29.2x | 0.3x |
| Tue, 11 Jun 2024 | ฿49.3b | ฿153.4b | -฿1,612,531,594.00 | 16.7x | -30.6x | 0.3x |
| Thu, 09 May 2024 | ฿51.0b | ฿157.9b | -฿464,618,232.00 | 14x | -109.8x | 0.3x |
| Sat, 06 Apr 2024 | ฿49.9b | ฿158.5b | -฿555,219,190.00 | 15x | -89.9x | 0.3x |
| Mon, 04 Mar 2024 | ฿50.5b | ฿158.8b | -฿8,053,265.00 | 15.3x | -6267.4x | 0.3x |
| Wed, 31 Jan 2024 | ฿52.3b | ฿162.0b | -฿4,830,895,017.00 | 12.4x | -10.8x | 0.3x |
| Fri, 29 Dec 2023 | ฿52.6b | ฿163.4b | -฿4,821,463,017.00 | 12.7x | -10.9x | 0.3x |
| Sun, 26 Nov 2023 | ฿51.9b | ฿163.4b | -฿4,831,462,017.00 | 13.1x | -10.7x | 0.3x |
| Tue, 24 Oct 2023 | ฿51.4b | ฿164.4b | -฿6,574,344,362.00 | 21.3x | -7.8x | 0.3x |
| Thu, 21 Sep 2023 | ฿57.3b | ฿165.9b | -฿6,435,843,600.00 | 21.6x | -8.9x | 0.3x |
| Sat, 19 Aug 2023 | ฿54.6b | ฿166.0b | -฿6,357,922,317.00 | 21.6x | -8.6x | 0.3x |
| Mon, 17 Jul 2023 | ฿56.1b | ฿174.3b | -฿4,662,776,029.00 | 14.4x | -12x | 0.3x |
| Wed, 14 Jun 2023 | ฿60.5b | ฿174.3b | -฿4,647,037,029.00 | 15.9x | -13x | 0.3x |
| Fri, 12 May 2023 | ฿63.5b | ฿181.1b | -฿2,377,551,785.00 | 16.2x | -26.7x | 0.4x |
| Sun, 09 Apr 2023 | ฿66.5b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -29.9x | 0.4x |
| Tue, 07 Mar 2023 | ฿69.5b | ฿186.4b | ฿4.7b | 12.8x | 14.7x | 0.4x |
| Thu, 02 Feb 2023 | ฿77.8b | ฿187.1b | ฿5.3b | 11.5x | 14.8x | 0.4x |
| Sat, 31 Dec 2022 | ฿72.9b | ฿188.3b | ฿5.9b | 10.1x | 12.3x | 0.4x |
| Mon, 28 Nov 2022 | ฿71.1b | ฿188.4b | ฿6.2b | 10.3x | 11.6x | 0.4x |
Price to Earnings Ratio
11.6x
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 23.5x 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 | -0.45% | |
| Materials | -2.58% | |
| Metals and Mining | -0.91% | |
| Steel | -1.07% | |
| Diversified Metals and Mining | 12.50% | |
| Aluminum | 0.78% | |
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 |