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Thai (SET) Steel Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies23
- 7D2.5%
- 3M9.4%
- 1Y-9.2%
- YTDn/a
In the last week, the Steel industry is up 2.5%, with STP&I up 7.8%. In the same time, Millcon Steel was down 13%. In contrast, the industry has lost 9.2% in the last 12 months.
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 |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | ฿41.4b | ฿129.2b | -฿705,292,730.00 | 19.3x | -58.8x | 0.3x |
| Wed, 13 Aug 2025 | ฿40.3b | ฿131.1b | -฿610,650,086.00 | 15.9x | -66x | 0.3x |
| Fri, 11 Jul 2025 | ฿38.6b | ฿131.3b | -฿712,997,365.00 | 16.9x | -54.2x | 0.3x |
| Sun, 08 Jun 2025 | ฿37.3b | ฿131.3b | -฿710,538,365.00 | 16.5x | -52.4x | 0.3x |
| Tue, 06 May 2025 | ฿36.7b | ฿134.5b | -฿421,117,527.00 | 15.5x | -87.1x | 0.3x |
| Thu, 03 Apr 2025 | ฿35.3b | ฿134.8b | -฿374,470,367.00 | 12.2x | -94.3x | 0.3x |
| Sat, 01 Mar 2025 | ฿34.4b | ฿142.3b | -฿6,123,945,579.00 | 12.6x | -5.6x | 0.2x |
| Mon, 27 Jan 2025 | ฿38.3b | ฿141.6b | -฿6,179,788,769.00 | 16.9x | -6.2x | 0.3x |
| Wed, 25 Dec 2024 | ฿40.0b | ฿141.4b | -฿6,524,410,769.00 | 22.2x | -6.1x | 0.3x |
| Fri, 22 Nov 2024 | ฿43.5b | ฿146.1b | -฿3,090,182,621.00 | 19.2x | -14.1x | 0.3x |
| Sun, 20 Oct 2024 | ฿47.6b | ฿148.1b | -฿2,229,144,497.00 | 15.3x | -21.4x | 0.3x |
| Tue, 17 Sep 2024 | ฿47.2b | ฿148.1b | -฿2,228,235,745.00 | 16x | -21.2x | 0.3x |
| Thu, 15 Aug 2024 | ฿42.5b | ฿148.2b | -฿961,436,561.00 | 17.7x | -44.2x | 0.3x |
| Sat, 13 Jul 2024 | ฿47.0b | ฿153.5b | -฿1,610,802,594.00 | 16.5x | -29.2x | 0.3x |
| Mon, 10 Jun 2024 | ฿49.3b | ฿153.4b | -฿1,612,531,594.00 | 16.7x | -30.6x | 0.3x |
| Wed, 08 May 2024 | ฿51.3b | ฿157.9b | -฿464,618,232.00 | 14x | -110.3x | 0.3x |
| Fri, 05 Apr 2024 | ฿50.6b | ฿158.5b | -฿555,219,190.00 | 14.9x | -91.1x | 0.3x |
| Sun, 03 Mar 2024 | ฿50.5b | ฿158.6b | -฿77,010,437.00 | 15.3x | -655.4x | 0.3x |
| Tue, 30 Jan 2024 | ฿52.5b | ฿162.0b | -฿4,830,895,017.00 | 12.3x | -10.9x | 0.3x |
| Thu, 28 Dec 2023 | ฿52.4b | ฿163.4b | -฿4,821,463,017.00 | 12.8x | -10.9x | 0.3x |
| Sat, 25 Nov 2023 | ฿51.9b | ฿163.4b | -฿4,831,462,017.00 | 13.1x | -10.7x | 0.3x |
| Mon, 23 Oct 2023 | ฿51.4b | ฿164.4b | -฿6,574,344,362.00 | 21.3x | -7.8x | 0.3x |
| Wed, 20 Sep 2023 | ฿58.0b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -9x | 0.3x |
| Fri, 18 Aug 2023 | ฿54.6b | ฿166.0b | -฿6,357,922,322.00 | 21.5x | -8.6x | 0.3x |
| Sun, 16 Jul 2023 | ฿56.1b | ฿174.3b | -฿4,662,776,029.00 | 14.4x | -12x | 0.3x |
| Tue, 13 Jun 2023 | ฿60.3b | ฿174.3b | -฿4,647,037,029.00 | 15.8x | -13x | 0.3x |
| Thu, 11 May 2023 | ฿64.0b | ฿181.1b | -฿2,377,551,785.00 | 17x | -26.9x | 0.4x |
| Sat, 08 Apr 2023 | ฿66.5b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -29.9x | 0.4x |
| Mon, 06 Mar 2023 | ฿69.5b | ฿186.4b | ฿4.7b | 12.8x | 14.7x | 0.4x |
| Wed, 01 Feb 2023 | ฿76.4b | ฿187.1b | ฿5.3b | 11.4x | 14.5x | 0.4x |
| Fri, 30 Dec 2022 | ฿72.7b | ฿188.3b | ฿5.9b | 10.1x | 12.2x | 0.4x |
| Sun, 27 Nov 2022 | ฿71.1b | ฿188.4b | ฿6.2b | 10.3x | 11.6x | 0.4x |
| Tue, 25 Oct 2022 | ฿75.5b | ฿191.0b | ฿11.1b | 7.6x | 6.8x | 0.4x |
| Thu, 22 Sep 2022 | ฿80.8b | ฿191.3b | ฿12.0b | 7.9x | 6.7x | 0.4x |
Price to Earnings Ratio
6.7x
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 | 2.23% | |
| Materials | 3.52% | |
| Metals and Mining | 2.47% | |
| Steel | 2.50% | |
| Diversified Metals and Mining | 2.08% | |
| Aluminum | 1.29% | |
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 | ฿5.00 | 26.3% +฿1.9b | 23.8% | PE159.9x | |
| INOX POSCO-Thainox | ฿0.43 | 4.9% +฿155.9m | -23.2% | PE41.6x | |
| PAP Pacific Pipe | ฿1.94 | 9.0% +฿105.6m | 0.5% | PS0.2x | |
| RWI Rayong Wire Industries | ฿0.32 | 33.3% +฿73.2m | -43.9% | PS0.5x | |
| SAM Samchai Steel Industries | ฿0.20 | 42.9% +฿62.7m | 53.8% | PS0.03x |