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Thai (SET) Steel Industry Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies22
- 7D-8.9%
- 3M0.8%
- 1Y10.1%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 8.9%, driven by a pullback from STP&I of 29%. Meanwhile, G J Steel actually outperformed within the industry, gaining 10.0% in the last week. Over the past 12 months, the industry was up 10%.
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 |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | ฿37.9b | ฿124.8b | ฿2.1b | 14.3x | 18.4x | 0.3x |
| Mon, 02 Feb 2026 | ฿38.7b | ฿129.5b | ฿1.9b | 17.3x | 20.8x | 0.3x |
| Wed, 31 Dec 2025 | ฿37.7b | ฿129.4b | ฿1.6b | 17.7x | 23.4x | 0.3x |
| Fri, 28 Nov 2025 | ฿36.6b | ฿129.4b | ฿1.6b | 16.8x | 22.7x | 0.3x |
| Sun, 26 Oct 2025 | ฿39.0b | ฿130.7b | ฿309.6m | 18.2x | 126x | 0.3x |
| Tue, 23 Sep 2025 | ฿41.9b | ฿129.2b | -฿705,292,730.00 | 19.2x | -59.5x | 0.3x |
| Thu, 21 Aug 2025 | ฿39.5b | ฿129.2b | -฿705,292,730.00 | 18.5x | -56x | 0.3x |
| Sat, 19 Jul 2025 | ฿40.8b | ฿131.3b | -฿429,553,365.00 | 18x | -95.1x | 0.3x |
| Mon, 16 Jun 2025 | ฿37.7b | ฿131.3b | -฿712,997,365.00 | 16.3x | -52.8x | 0.3x |
| Wed, 14 May 2025 | ฿37.9b | ฿133.1b | -฿673,745,356.00 | 16.5x | -56.2x | 0.3x |
| Fri, 11 Apr 2025 | ฿34.0b | ฿134.8b | -฿374,470,367.00 | 11.6x | -90.7x | 0.3x |
| Sun, 09 Mar 2025 | ฿35.4b | ฿141.5b | -฿6,397,897,064.00 | 12x | -5.5x | 0.3x |
| Tue, 04 Feb 2025 | ฿37.0b | ฿141.6b | -฿6,179,788,769.00 | 16.2x | -6x | 0.3x |
| Thu, 02 Jan 2025 | ฿39.4b | ฿141.4b | -฿6,524,410,769.00 | 22.7x | -6x | 0.3x |
| Sat, 30 Nov 2024 | ฿43.2b | ฿140.7b | -฿6,510,329,615.00 | 24x | -6.6x | 0.3x |
| Mon, 28 Oct 2024 | ฿46.1b | ฿148.0b | -฿2,425,338,199.00 | 15.3x | -19x | 0.3x |
| Wed, 25 Sep 2024 | ฿47.3b | ฿148.1b | -฿2,228,235,745.00 | 16x | -21.2x | 0.3x |
| Fri, 23 Aug 2024 | ฿42.8b | ฿148.1b | -฿2,228,235,745.00 | 14.3x | -19.2x | 0.3x |
| Sun, 21 Jul 2024 | ฿45.5b | ฿154.1b | -฿1,570,384,594.00 | 16.5x | -28.9x | 0.3x |
| Tue, 18 Jun 2024 | ฿47.0b | ฿153.5b | -฿1,610,802,594.00 | 16.7x | -29.2x | 0.3x |
| Thu, 16 May 2024 | ฿50.2b | ฿154.6b | -฿922,559,336.00 | 19.4x | -54.4x | 0.3x |
| Sat, 13 Apr 2024 | ฿50.7b | ฿158.5b | -฿555,219,190.00 | 14.3x | -91.4x | 0.3x |
| Mon, 11 Mar 2024 | ฿49.7b | ฿158.6b | ฿136.7m | 14.7x | 363.6x | 0.3x |
| Wed, 07 Feb 2024 | ฿52.4b | ฿162.0b | -฿4,830,895,017.00 | 12.4x | -10.8x | 0.3x |
| Fri, 05 Jan 2024 | ฿54.2b | ฿163.4b | -฿4,821,463,017.00 | 12.9x | -11.2x | 0.3x |
| Sun, 03 Dec 2023 | ฿51.9b | ฿163.4b | -฿4,831,462,017.00 | 13x | -10.8x | 0.3x |
| Tue, 31 Oct 2023 | ฿50.5b | ฿164.4b | -฿6,574,344,362.00 | 21.2x | -7.7x | 0.3x |
| Thu, 28 Sep 2023 | ฿56.0b | ฿165.9b | -฿6,435,843,600.00 | 21.5x | -8.7x | 0.3x |
| Sat, 26 Aug 2023 | ฿56.8b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -8.8x | 0.3x |
| Mon, 24 Jul 2023 | ฿56.0b | ฿171.8b | -฿5,196,956,029.00 | 18.3x | -10.8x | 0.3x |
| Wed, 21 Jun 2023 | ฿59.3b | ฿174.3b | -฿4,662,776,029.00 | 15.7x | -12.7x | 0.3x |
| Fri, 19 May 2023 | ฿61.9b | ฿174.1b | -฿4,397,771,182.00 | 14.9x | -14.1x | 0.4x |
| Sun, 16 Apr 2023 | ฿67.3b | ฿182.5b | -฿2,226,617,745.00 | 19.6x | -30.2x | 0.4x |
| Tue, 14 Mar 2023 | ฿67.3b | ฿185.5b | ฿3.1b | 14.3x | 21.9x | 0.4x |
Price to Earnings Ratio
21.9x
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 18.4x which is higher than its 3-year average PE of -30.7x.
- The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 12% 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 | -7.73% | |
| Materials | -11.57% | |
| Metals and Mining | -8.78% | |
| Steel | -8.91% | |
| Diversified Metals and Mining | 0% | 0 |
| Aluminum | -5.58% | |
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 | |
|---|---|---|---|---|---|
| GJS G J Steel | ฿0.11 | 10.0% +฿254.9m | -15.4% | PS0.3x | |
| CSP CSP Steel Center | ฿0.41 | 5.1% +฿9.9m | -21.2% | PS0.09x |