Have your own idea? Try our Stock Screener
Thai (SET) Steel Industry Analysis
UpdatedOct 16, 2025
DataAggregated Company Financials
Companies23
- 7D-2.3%
- 3M-1.8%
- 1Y-15.6%
- YTDn/a
Last week, the Steel industry hasn't moved much but STP&I is up 4.5% in that time. 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 |
|---|---|---|---|---|---|---|
| Fri, 17 Oct 2025 | ฿39.9b | ฿129.2b | -฿706,611,730.00 | 18.2x | -56.4x | 0.3x |
| Sun, 14 Sep 2025 | ฿41.4b | ฿129.2b | -฿705,292,730.00 | 19.3x | -58.8x | 0.3x |
| Tue, 12 Aug 2025 | ฿40.3b | ฿131.1b | -฿610,650,086.00 | 15.9x | -66x | 0.3x |
| Thu, 10 Jul 2025 | ฿38.6b | ฿131.3b | -฿712,997,365.00 | 16.9x | -54.2x | 0.3x |
| Sat, 07 Jun 2025 | ฿37.3b | ฿131.3b | -฿710,538,365.00 | 16.5x | -52.4x | 0.3x |
| Mon, 05 May 2025 | ฿36.7b | ฿134.5b | -฿421,117,527.00 | 15.5x | -87.1x | 0.3x |
| Wed, 02 Apr 2025 | ฿35.9b | ฿141.7b | -฿6,312,983,972.00 | 12.4x | -5.7x | 0.3x |
| Fri, 28 Feb 2025 | ฿34.7b | ฿142.3b | -฿6,108,615,697.00 | 12.6x | -5.7x | 0.2x |
| Sun, 26 Jan 2025 | ฿38.3b | ฿141.6b | -฿6,179,788,769.00 | 16.9x | -6.2x | 0.3x |
| Tue, 24 Dec 2024 | ฿39.6b | ฿141.4b | -฿6,524,410,769.00 | 22.2x | -6.1x | 0.3x |
| Thu, 21 Nov 2024 | ฿43.4b | ฿146.0b | -฿3,244,711,332.00 | 18.4x | -13.4x | 0.3x |
| Sat, 19 Oct 2024 | ฿47.6b | ฿148.1b | -฿2,229,144,497.00 | 15.3x | -21.4x | 0.3x |
| Mon, 16 Sep 2024 | ฿46.2b | ฿148.1b | -฿2,228,235,745.00 | 15.7x | -20.7x | 0.3x |
| Wed, 14 Aug 2024 | ฿42.2b | ฿148.2b | -฿1,001,518,174.00 | 17.8x | -42.1x | 0.3x |
| Fri, 12 Jul 2024 | ฿46.9b | ฿153.5b | -฿1,610,802,594.00 | 16.2x | -29.1x | 0.3x |
| Sun, 09 Jun 2024 | ฿49.3b | ฿153.4b | -฿1,612,531,594.00 | 16.7x | -30.6x | 0.3x |
| Tue, 07 May 2024 | ฿50.8b | ฿157.9b | -฿464,618,232.00 | 14.1x | -109.4x | 0.3x |
| Thu, 04 Apr 2024 | ฿50.6b | ฿158.5b | -฿555,219,190.00 | 14.9x | -91.1x | 0.3x |
| Sat, 02 Mar 2024 | ฿50.5b | ฿159.1b | -฿126,414,855.00 | 15.3x | -399.3x | 0.3x |
| Mon, 29 Jan 2024 | ฿52.4b | ฿162.0b | -฿4,830,895,017.00 | 12.3x | -10.8x | 0.3x |
| Wed, 27 Dec 2023 | ฿52.8b | ฿163.4b | -฿4,821,463,017.00 | 12.7x | -11x | 0.3x |
| Fri, 24 Nov 2023 | ฿52.8b | ฿163.4b | -฿4,831,462,017.00 | 13.1x | -10.9x | 0.3x |
| Sun, 22 Oct 2023 | ฿51.4b | ฿164.4b | -฿6,574,344,362.00 | 21.3x | -7.8x | 0.3x |
| Tue, 19 Sep 2023 | ฿57.8b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -9x | 0.3x |
| Thu, 17 Aug 2023 | ฿54.3b | ฿168.8b | -฿5,733,793,322.00 | 21.5x | -9.5x | 0.3x |
| Sat, 15 Jul 2023 | ฿56.1b | ฿174.3b | -฿4,662,776,029.00 | 14.4x | -12x | 0.3x |
| Mon, 12 Jun 2023 | ฿60.7b | ฿174.3b | -฿4,647,037,029.00 | 16x | -13.1x | 0.3x |
| Wed, 10 May 2023 | ฿64.2b | ฿181.2b | -฿2,363,906,785.00 | 18.9x | -27.2x | 0.4x |
| Fri, 07 Apr 2023 | ฿66.6b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -29.9x | 0.4x |
| Sun, 05 Mar 2023 | ฿69.5b | ฿186.4b | ฿4.7b | 12.8x | 14.7x | 0.4x |
| Tue, 31 Jan 2023 | ฿76.6b | ฿187.1b | ฿5.3b | 11.5x | 14.5x | 0.4x |
| Thu, 29 Dec 2022 | ฿72.7b | ฿188.3b | ฿5.9b | 10.1x | 12.2x | 0.4x |
| Sat, 26 Nov 2022 | ฿71.1b | ฿188.4b | ฿6.2b | 10.3x | 11.6x | 0.4x |
| Mon, 24 Oct 2022 | ฿75.5b | ฿191.0b | ฿11.1b | 7.6x | 6.8x | 0.4x |
Price to Earnings Ratio
6.8x
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 0.32x.
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 | -1.77% | |
| Materials | -3.14% | |
| Metals and Mining | -2.29% | |
| Steel | -2.35% | |
| Diversified Metals and Mining | 0% | 0 |
| Aluminum | -0.83% | |
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 | |
|---|---|---|---|---|---|
| TSTH Tata Steel (Thailand) | ฿0.78 | 1.3% +฿84.2m | 4.0% | PE10.7x | |
| MCS M.C.S. Steel | ฿8.30 | 0.6% +฿23.9m | 12.2% | PE4.2x | |
| 2S 2S Metal | ฿2.68 | 0.8% +฿11.0m | -11.3% | PE18.6x | |
| SAM Samchai Steel Industries | ฿0.17 | 6.3% +฿10.5m | n/a | PS0.03x |