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Thai (SET) Steel Industry Analysis
UpdatedNov 25, 2025
DataAggregated Company Financials
Companies23
- 7D-0.08%
- 3M-7.4%
- 1Y-13.6%
- YTDn/a
Last week, the Steel industry hasn't moved much but Tycoons Worldwide Group (Thailand) is up 5.9% in that time. As for the longer term, the industry has declined 14% 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 |
|---|---|---|---|---|---|---|
| Sun, 30 Nov 2025 | ฿36.3b | ฿129.4b | ฿1.6b | 16.7x | 22.5x | 0.3x |
| Tue, 28 Oct 2025 | ฿38.7b | ฿130.7b | ฿309.6m | 18.1x | 124.9x | 0.3x |
| Thu, 25 Sep 2025 | ฿41.9b | ฿129.2b | -฿705,292,730.00 | 18.8x | -59.4x | 0.3x |
| Sat, 23 Aug 2025 | ฿39.4b | ฿129.2b | -฿705,292,730.00 | 19.1x | -55.9x | 0.3x |
| Mon, 21 Jul 2025 | ฿40.8b | ฿131.3b | -฿429,553,365.00 | 18x | -95.1x | 0.3x |
| Wed, 18 Jun 2025 | ฿37.8b | ฿131.3b | -฿712,997,365.00 | 16.1x | -53x | 0.3x |
| Fri, 16 May 2025 | ฿36.7b | ฿132.6b | -฿629,544,643.00 | 16.4x | -58.3x | 0.3x |
| Sun, 13 Apr 2025 | ฿33.7b | ฿134.8b | -฿374,470,367.00 | 11.7x | -90.1x | 0.3x |
| Tue, 11 Mar 2025 | ฿35.2b | ฿141.3b | -฿6,397,897,064.00 | 12.1x | -5.5x | 0.2x |
| Thu, 06 Feb 2025 | ฿36.3b | ฿141.6b | -฿6,179,788,769.00 | 15.8x | -5.9x | 0.3x |
| Sat, 04 Jan 2025 | ฿39.4b | ฿141.4b | -฿6,524,410,769.00 | 20.8x | -6x | 0.3x |
| Mon, 02 Dec 2024 | ฿43.2b | ฿140.7b | -฿6,510,329,615.00 | 24x | -6.6x | 0.3x |
| Wed, 30 Oct 2024 | ฿46.8b | ฿148.0b | -฿2,425,338,199.00 | 15.3x | -19.3x | 0.3x |
| Fri, 27 Sep 2024 | ฿49.1b | ฿148.1b | -฿2,228,235,745.00 | 16x | -22x | 0.3x |
| Sun, 25 Aug 2024 | ฿43.8b | ฿148.1b | -฿2,228,235,745.00 | 14.3x | -19.7x | 0.3x |
| Tue, 23 Jul 2024 | ฿45.5b | ฿154.1b | -฿1,570,384,594.00 | 16.5x | -28.9x | 0.3x |
| Thu, 20 Jun 2024 | ฿46.6b | ฿153.5b | -฿1,610,802,594.00 | 16.6x | -29x | 0.3x |
| Sat, 18 May 2024 | ฿50.1b | ฿153.5b | -฿1,749,125,784.00 | 19.4x | -28.6x | 0.3x |
| Mon, 15 Apr 2024 | ฿50.7b | ฿158.5b | -฿555,219,190.00 | 14.3x | -91.4x | 0.3x |
| Wed, 13 Mar 2024 | ฿49.9b | ฿158.6b | ฿136.7m | 14.5x | 365.1x | 0.3x |
| Fri, 09 Feb 2024 | ฿52.4b | ฿162.0b | -฿4,830,895,017.00 | 12.3x | -10.8x | 0.3x |
| Sun, 07 Jan 2024 | ฿54.5b | ฿163.4b | -฿4,821,463,017.00 | 13x | -11.3x | 0.3x |
| Tue, 05 Dec 2023 | ฿52.0b | ฿163.4b | -฿4,831,462,017.00 | 12.9x | -10.8x | 0.3x |
| Thu, 02 Nov 2023 | ฿50.6b | ฿164.4b | -฿6,574,344,362.00 | 21x | -7.7x | 0.3x |
| Sat, 30 Sep 2023 | ฿55.8b | ฿165.9b | -฿6,435,843,600.00 | 21.5x | -8.7x | 0.3x |
| Mon, 28 Aug 2023 | ฿56.8b | ฿165.9b | -฿6,435,843,600.00 | 21.7x | -8.8x | 0.3x |
| Wed, 26 Jul 2023 | ฿56.2b | ฿171.8b | -฿5,196,956,029.00 | 18.1x | -10.8x | 0.3x |
| Fri, 23 Jun 2023 | ฿58.4b | ฿174.3b | -฿4,662,776,029.00 | 15.6x | -12.5x | 0.3x |
| Sun, 21 May 2023 | ฿60.7b | ฿172.9b | -฿4,622,123,387.00 | 14.6x | -13.1x | 0.4x |
| Tue, 18 Apr 2023 | ฿67.4b | ฿182.5b | -฿2,226,617,745.00 | 18.9x | -30.3x | 0.4x |
| Thu, 16 Mar 2023 | ฿66.5b | ฿182.5b | -฿2,222,928,745.00 | 19.6x | -29.9x | 0.4x |
| Sat, 11 Feb 2023 | ฿76.3b | ฿187.1b | ฿5.3b | 11.5x | 14.5x | 0.4x |
| Mon, 09 Jan 2023 | ฿72.9b | ฿188.3b | ฿5.9b | 10.1x | 12.3x | 0.4x |
| Wed, 07 Dec 2022 | ฿70.3b | ฿188.3b | ฿6.0b | 10x | 11.8x | 0.4x |
Price to Earnings Ratio
11.8x
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 22.5x 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 35% 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 | 0.18% | |
| Materials | 0.72% | |
| Metals and Mining | -0.028% | |
| Steel | -0.078% | |
| Diversified Metals and Mining | 2.78% | |
| Aluminum | 0.91% | |
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 | |
|---|---|---|---|---|---|
| TYCN Tycoons Worldwide Group (Thailand) | ฿1.80 | 5.9% +฿59.7m | -10.9% | PE21.2x | |
| ZIGA Ziga Innovation | ฿0.92 | 9.5% +฿59.0m | -48.6% | PE21.8x | |
| CEN Capital Engineering Network | ฿0.94 | 5.6% +฿37.3m | -53.0% | PS0.7x | |
| SSSC Siam Steel Service Center | ฿2.08 | 2.0% +฿25.6m | -6.3% | PE6.2x | |
| CHOW Chow Bright Ventures Holdings | ฿1.03 | 3.0% +฿24.0m | -48.2% | PE51.5x |