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Thai (SET) Packaging Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies24
- 7D-3.3%
- 3M-10.4%
- 1Y-29.0%
- YTD-17.6%
Over the last 7 days, the Packaging industry has dropped 3.3%, driven by a pullback from SCG Packaging of 5.5%. In contrast, BG Container Glass has gained 10%. The industry has fallen 29% in the last year. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Thai Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Nov 2025 | ฿118.6b | ฿225.9b | ฿6.8b | 8.9x | 17.5x | 0.5x |
| Wed, 22 Oct 2025 | ฿131.3b | ฿235.6b | ฿8.7b | 9.4x | 15.1x | 0.6x |
| Fri, 19 Sep 2025 | ฿137.7b | ฿235.6b | ฿8.7b | 9.4x | 15.9x | 0.6x |
| Sun, 17 Aug 2025 | ฿127.6b | ฿235.8b | ฿8.7b | 9.5x | 14.7x | 0.5x |
| Tue, 15 Jul 2025 | ฿125.1b | ฿234.2b | ฿8.2b | 8.4x | 15.2x | 0.5x |
| Thu, 12 Jun 2025 | ฿128.2b | ฿234.2b | ฿8.2b | 8.9x | 15.6x | 0.5x |
| Sat, 10 May 2025 | ฿123.9b | ฿233.6b | ฿8.7b | 8.4x | 14.2x | 0.5x |
| Mon, 07 Apr 2025 | ฿107.3b | ฿235.7b | ฿9.6b | 8.4x | 11.2x | 0.5x |
| Wed, 05 Mar 2025 | ฿112.4b | ฿234.9b | ฿9.5b | 9.2x | 11.8x | 0.5x |
| Fri, 31 Jan 2025 | ฿132.4b | ฿234.5b | ฿9.7b | 9.1x | 13.7x | 0.6x |
| Sun, 29 Dec 2024 | ฿145.8b | ฿235.1b | ฿10.9b | 9.1x | 13.3x | 0.6x |
| Tue, 26 Nov 2024 | ฿162.2b | ฿235.1b | ฿11.0b | 9.4x | 14.8x | 0.7x |
| Thu, 24 Oct 2024 | ฿182.4b | ฿231.4b | ฿11.7b | 10.7x | 15.6x | 0.8x |
| Sat, 21 Sep 2024 | ฿190.6b | ฿231.4b | ฿11.7b | 10.9x | 16.3x | 0.8x |
| Mon, 19 Aug 2024 | ฿164.2b | ฿231.4b | ฿11.7b | 10.8x | 14x | 0.7x |
| Wed, 17 Jul 2024 | ฿196.1b | ฿227.8b | ฿11.0b | 11.4x | 17.8x | 0.9x |
| Fri, 14 Jun 2024 | ฿210.7b | ฿227.8b | ฿11.0b | 11.3x | 19.2x | 0.9x |
| Sun, 12 May 2024 | ฿197.5b | ฿227.7b | ฿10.3b | 13.1x | 19.1x | 0.9x |
| Tue, 09 Apr 2024 | ฿191.2b | ฿227.0b | ฿9.6b | 13.5x | 20x | 0.8x |
| Thu, 07 Mar 2024 | ฿182.4b | ฿227.0b | ฿9.6b | 13x | 19x | 0.8x |
| Sat, 03 Feb 2024 | ฿203.2b | ฿228.5b | ฿9.0b | 14.7x | 22.6x | 0.9x |
| Mon, 01 Jan 2024 | ฿221.4b | ฿230.1b | ฿8.2b | 14.7x | 27x | 1x |
| Wed, 29 Nov 2023 | ฿231.4b | ฿230.1b | ฿8.2b | 15.1x | 28.2x | 1x |
| Fri, 27 Oct 2023 | ฿215.8b | ฿234.9b | ฿9.0b | 12.3x | 24.1x | 0.9x |
| Sun, 24 Sep 2023 | ฿248.4b | ฿241.2b | ฿9.5b | 14.3x | 26.2x | 1x |
| Tue, 22 Aug 2023 | ฿229.3b | ฿241.2b | ฿9.5b | 12.8x | 24.2x | 1x |
| Thu, 20 Jul 2023 | ฿244.1b | ฿252.1b | ฿11.5b | 12.6x | 21.2x | 1x |
| Sat, 17 Jun 2023 | ฿243.2b | ฿252.1b | ฿11.5b | 12.3x | 21.1x | 1x |
| Mon, 15 May 2023 | ฿266.7b | ฿255.4b | ฿13.2b | 12x | 20.2x | 1x |
| Wed, 12 Apr 2023 | ฿276.3b | ฿258.5b | ฿13.8b | 12.4x | 20.1x | 1.1x |
| Fri, 10 Mar 2023 | ฿310.7b | ฿257.4b | ฿13.8b | 12.5x | 22.5x | 1.2x |
| Sun, 05 Feb 2023 | ฿323.8b | ฿260.3b | ฿17.5b | 12.9x | 18.5x | 1.2x |
| Tue, 03 Jan 2023 | ฿338.1b | ฿260.3b | ฿17.5b | 12.3x | 19.3x | 1.3x |
| Thu, 01 Dec 2022 | ฿332.6b | ฿262.6b | ฿17.3b | 12.6x | 19.2x | 1.3x |
Price to Earnings Ratio
19.2x
Current Industry PE
- Investors are relatively neutral on the Thai Packaging 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 PE ratio of 18.6x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 27% per year over the last three years,
- Revenues have also declined 4.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Materials industry?
| TH Market | -1.17% | |
| Materials | -2.72% | |
| Packaging | -3.29% | |
| Metal and Glass Containers | 1.57% | |
| Paper Packaging | -4.69% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings growth of 3.6% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 11.0x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 3.6% per year.
- In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BGC BG Container Glass | ฿4.00 | 16.3% +฿388.9m | -47.0% | PE13.6x | |
| SFLEX Starflex | ฿2.86 | 11.7% +฿225.7m | -8.3% | PE8.4x | |
| TPAC Thai Plaspac | ฿8.05 | 3.2% +฿81.6m | -24.1% | PE6.6x | |
| UTP United Paper | ฿7.55 | 0.7% +฿32.5m | -11.2% | PE9.2x | |
| TOPP Thai O.P.P | ฿144.00 | 2.9% +฿24.0m | -14.8% | PE7.6x |