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Thai (SET) Steel Industry Analysis
UpdatedDec 06, 2025
DataAggregated Company Financials
Companies23
- 7D2.9%
- 3M-6.4%
- 1Y-11.8%
- YTDn/a
In the last week, the Steel industry is up 2.9%, with STP&I up 15%. In the same time, Millcon Steel was down 20%. In contrast, the industry has lost 12% 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Dec 2025 | ฿37.8b | ฿129.4b | ฿1.6b | 17.3x | 23.5x | 0.3x |
| Mon, 03 Nov 2025 | ฿38.0b | ฿130.7b | ฿309.6m | 17.3x | 122.7x | 0.3x |
| Wed, 01 Oct 2025 | ฿41.1b | ฿129.2b | -฿705,292,730.00 | 18.2x | -58.3x | 0.3x |
| Fri, 29 Aug 2025 | ฿39.7b | ฿129.2b | -฿705,292,730.00 | 18.1x | -56.3x | 0.3x |
| Sun, 27 Jul 2025 | ฿39.9b | ฿131.3b | -฿429,553,365.00 | 16.7x | -92.9x | 0.3x |
| Tue, 24 Jun 2025 | ฿35.4b | ฿131.3b | -฿712,997,365.00 | 15x | -49.7x | 0.3x |
| Thu, 22 May 2025 | ฿36.8b | ฿131.3b | -฿712,755,646.00 | 16.5x | -51.7x | 0.3x |
| Sat, 19 Apr 2025 | ฿35.9b | ฿134.8b | -฿374,470,367.00 | 14.9x | -95.9x | 0.3x |
| Mon, 17 Mar 2025 | ฿35.5b | ฿141.3b | -฿6,395,385,064.00 | 12.1x | -5.6x | 0.3x |
| Wed, 12 Feb 2025 | ฿35.7b | ฿141.6b | -฿6,179,788,769.00 | 15.5x | -5.8x | 0.3x |
| Fri, 10 Jan 2025 | ฿37.5b | ฿141.4b | -฿6,524,410,769.00 | 19.9x | -5.8x | 0.3x |
| Sun, 08 Dec 2024 | ฿43.6b | ฿140.7b | -฿6,510,329,615.00 | 24.5x | -6.7x | 0.3x |
| Tue, 05 Nov 2024 | ฿46.6b | ฿148.0b | -฿2,425,338,199.00 | 15.2x | -19.2x | 0.3x |
| Thu, 03 Oct 2024 | ฿51.0b | ฿148.1b | -฿2,228,235,745.00 | 15.9x | -22.9x | 0.3x |
| Sat, 31 Aug 2024 | ฿44.0b | ฿148.1b | -฿2,228,235,745.00 | 14.5x | -19.7x | 0.3x |
| Mon, 29 Jul 2024 | ฿43.7b | ฿154.1b | -฿1,570,384,594.00 | 16.2x | -27.8x | 0.3x |
| Wed, 26 Jun 2024 | ฿47.5b | ฿153.5b | -฿1,610,802,594.00 | 16.5x | -29.5x | 0.3x |
| Fri, 24 May 2024 | ฿50.7b | ฿152.5b | -฿1,744,620,131.00 | 16.7x | -29.1x | 0.3x |
| Sun, 21 Apr 2024 | ฿49.4b | ฿157.9b | -฿464,618,232.00 | 13.6x | -106.3x | 0.3x |
| Tue, 19 Mar 2024 | ฿52.8b | ฿158.5b | -฿555,219,190.00 | 15x | -95.2x | 0.3x |
| Thu, 15 Feb 2024 | ฿52.7b | ฿159.9b | -฿4,221,113,970.00 | 14.2x | -12.5x | 0.3x |
| Sat, 13 Jan 2024 | ฿55.2b | ฿163.4b | -฿4,821,463,017.00 | 12.9x | -11.4x | 0.3x |
| Mon, 11 Dec 2023 | ฿51.9b | ฿163.4b | -฿4,831,462,017.00 | 12.7x | -10.8x | 0.3x |
| Wed, 08 Nov 2023 | ฿51.3b | ฿164.3b | -฿6,566,672,362.00 | 21.1x | -7.8x | 0.3x |
| Fri, 06 Oct 2023 | ฿56.0b | ฿165.9b | -฿6,437,714,362.00 | 21.6x | -8.7x | 0.3x |
| Sun, 03 Sep 2023 | ฿59.9b | ฿165.9b | -฿6,435,843,600.00 | 21.8x | -9.3x | 0.4x |
| Tue, 01 Aug 2023 | ฿56.3b | ฿171.8b | -฿5,196,956,029.00 | 18.2x | -10.8x | 0.3x |
| Thu, 29 Jun 2023 | ฿56.3b | ฿174.3b | -฿4,662,776,029.00 | 14.2x | -12.1x | 0.3x |
| Sat, 27 May 2023 | ฿60.7b | ฿172.9b | -฿4,622,122,387.00 | 14.6x | -13.1x | 0.4x |
| Mon, 24 Apr 2023 | ฿65.7b | ฿181.2b | -฿2,363,906,785.00 | 19.3x | -27.8x | 0.4x |
| Wed, 22 Mar 2023 | ฿67.0b | ฿182.5b | -฿2,222,928,745.00 | 18.9x | -30.1x | 0.4x |
| Fri, 17 Feb 2023 | ฿74.4b | ฿187.1b | ฿5.3b | 10.9x | 14.1x | 0.4x |
| Sun, 15 Jan 2023 | ฿77.4b | ฿188.3b | ฿5.9b | 10.4x | 13x | 0.4x |
| Tue, 13 Dec 2022 | ฿71.2b | ฿188.3b | ฿6.0b | 10x | 12x | 0.4x |
Price to Earnings Ratio
12x
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 23.5x which is higher than its 3-year average PE of -31.4x.
- 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 | 1.35% | |
| Materials | -0.075% | |
| Metals and Mining | 2.77% | |
| Steel | 2.86% | |
| Diversified Metals and Mining | 0% | 0 |
| Aluminum | -0.16% | |
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 | ฿4.42 | 15.1% +฿1.1b | 22.8% | PE21.6x | |
| TSTH Tata Steel (Thailand) | ฿0.69 | 4.5% +฿252.6m | -2.8% | PE3.6x | |
| CHOW Chow Bright Ventures Holdings | ฿1.18 | 14.6% +฿120.0m | -42.2% | PE59x | |
| TGPRO Thai-German Products | ฿0.06 | 20.0% +฿47.2m | -33.3% | PS0.2x | |
| BSBM Bangsaphan Barmill | ฿0.66 | 1.5% +฿11.2m | -8.3% | PS2.7x |