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Thai (SET) Steel Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies23
- 7D-2.6%
- 3M-8.0%
- 1Y-15.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.6%, driven by G J Steel declining 15%. Meanwhile, Millcon Steel actually outperformed within the industry, gaining 13% in the last week. The industry has fallen 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 |
|---|---|---|---|---|---|---|
| Tue, 25 Nov 2025 | ฿36.8b | ฿129.5b | ฿1.6b | 16.9x | 23.1x | 0.3x |
| Thu, 23 Oct 2025 | ฿39.1b | ฿130.7b | ฿309.6m | 18.5x | 126.2x | 0.3x |
| Sat, 20 Sep 2025 | ฿42.0b | ฿129.2b | -฿705,292,730.00 | 19.2x | -59.6x | 0.3x |
| Mon, 18 Aug 2025 | ฿39.8b | ฿129.4b | -฿701,453,446.00 | 18.5x | -56.7x | 0.3x |
| Wed, 16 Jul 2025 | ฿39.3b | ฿131.3b | -฿712,997,365.00 | 18.6x | -55.2x | 0.3x |
| Fri, 13 Jun 2025 | ฿37.7b | ฿131.3b | -฿710,538,365.00 | 16.7x | -53x | 0.3x |
| Sun, 11 May 2025 | ฿37.6b | ฿133.1b | -฿673,745,356.00 | 16.9x | -55.9x | 0.3x |
| Tue, 08 Apr 2025 | ฿34.4b | ฿134.8b | -฿374,470,367.00 | 12.1x | -91.8x | 0.3x |
| Thu, 06 Mar 2025 | ฿35.2b | ฿141.5b | -฿6,397,897,064.00 | 12.1x | -5.5x | 0.2x |
| Sat, 01 Feb 2025 | ฿37.7b | ฿141.6b | -฿6,179,788,769.00 | 16.6x | -6.1x | 0.3x |
| Mon, 30 Dec 2024 | ฿39.6b | ฿141.4b | -฿6,524,410,769.00 | 22.7x | -6.1x | 0.3x |
| Wed, 27 Nov 2024 | ฿43.2b | ฿140.7b | -฿6,510,329,617.00 | 23.1x | -6.6x | 0.3x |
| Fri, 25 Oct 2024 | ฿46.3b | ฿148.0b | -฿2,330,958,497.00 | 15.3x | -19.9x | 0.3x |
| Sun, 22 Sep 2024 | ฿47.0b | ฿148.1b | -฿2,228,235,745.00 | 16x | -21.1x | 0.3x |
| Tue, 20 Aug 2024 | ฿42.2b | ฿148.1b | -฿2,228,235,750.00 | 14.4x | -18.9x | 0.3x |
| Thu, 18 Jul 2024 | ฿46.3b | ฿153.5b | -฿1,610,802,594.00 | 16.3x | -28.7x | 0.3x |
| Sat, 15 Jun 2024 | ฿47.5b | ฿153.5b | -฿1,612,531,594.00 | 16.5x | -29.5x | 0.3x |
| Mon, 13 May 2024 | ฿50.7b | ฿154.9b | -฿812,478,019.00 | 19.2x | -62.4x | 0.3x |
| Wed, 10 Apr 2024 | ฿50.1b | ฿158.5b | -฿555,219,190.00 | 14.3x | -90.3x | 0.3x |
| Fri, 08 Mar 2024 | ฿50.0b | ฿159.1b | ฿136.7m | 14.5x | 365.4x | 0.3x |
| Sun, 04 Feb 2024 | ฿52.6b | ฿162.0b | -฿4,830,895,017.00 | 12.4x | -10.9x | 0.3x |
| Tue, 02 Jan 2024 | ฿52.6b | ฿163.4b | -฿4,821,463,017.00 | 12.7x | -10.9x | 0.3x |
| Thu, 30 Nov 2023 | ฿52.2b | ฿163.4b | -฿4,831,462,017.00 | 12.8x | -10.8x | 0.3x |
| Sat, 28 Oct 2023 | ฿50.6b | ฿164.4b | -฿6,574,344,362.00 | 21.4x | -7.7x | 0.3x |
| Mon, 25 Sep 2023 | ฿57.6b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -9x | 0.3x |
| Wed, 23 Aug 2023 | ฿54.5b | ฿166.0b | -฿6,435,843,602.00 | 21.6x | -8.5x | 0.3x |
| Fri, 21 Jul 2023 | ฿55.9b | ฿171.8b | -฿5,196,956,029.00 | 18.1x | -10.8x | 0.3x |
| Sun, 18 Jun 2023 | ฿60.4b | ฿174.3b | -฿4,662,776,029.00 | 15.7x | -13x | 0.3x |
| Tue, 16 May 2023 | ฿63.0b | ฿179.7b | -฿2,880,614,785.00 | 15.8x | -21.9x | 0.4x |
| Thu, 13 Apr 2023 | ฿67.2b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -30.2x | 0.4x |
| Sat, 11 Mar 2023 | ฿69.3b | ฿186.9b | ฿3.5b | 13.8x | 20x | 0.4x |
| Mon, 06 Feb 2023 | ฿78.0b | ฿187.1b | ฿5.3b | 11.7x | 14.8x | 0.4x |
| Wed, 04 Jan 2023 | ฿72.9b | ฿188.3b | ฿5.9b | 10x | 12.3x | 0.4x |
| Fri, 02 Dec 2022 | ฿71.1b | ฿188.4b | ฿6.2b | 10.5x | 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 23.1x which is higher than its 3-year average PE of -31.5x.
- 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 36% 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 | -2.17% | |
| Materials | -2.77% | |
| Metals and Mining | -2.46% | |
| Steel | -2.63% | |
| Diversified Metals and Mining | 5.88% | |
| Aluminum | 1.68% | |
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 | |
|---|---|---|---|---|---|
| TMT TMT Steel | ฿2.94 | 4.3% +฿104.5m | -13.5% | PE36.9x | |
| PAP Pacific Pipe | ฿2.00 | 4.7% +฿59.4m | 13.6% | PE15.2x | |
| TGPRO Thai-German Products | ฿0.06 | 20.0% +฿47.2m | -40.0% | PS0.2x | |
| TYCN Tycoons Worldwide Group (Thailand) | ฿1.75 | 4.2% +฿41.8m | -15.0% | PE20.6x | |
| MCS M.C.S. Steel | ฿8.20 | 0.6% +฿23.9m | 14.7% | PE3.7x |