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Thai (SET) Packaging Industry Analysis
UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies24
- 7D2.6%
- 3M24.5%
- 1Y25.3%
- YTD17.8%
The Packaging industry is up 3.1% in the last week, with SCG Packaging up 2.9%. In the last 12 months, the industry was up 26%. As for the next few years, earnings are expected to grow by 10% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 26 Feb 2026 | ฿147.0b | ฿223.5b | ฿7.6b | 10.3x | 19.2x | 0.7x |
| Sat, 24 Jan 2026 | ฿141.6b | ฿225.8b | ฿6.8b | 9.3x | 20.9x | 0.6x |
| Mon, 22 Dec 2025 | ฿119.3b | ฿225.8b | ฿6.8b | 9.1x | 17.6x | 0.5x |
| Wed, 19 Nov 2025 | ฿122.2b | ฿226.2b | ฿6.8b | 9.2x | 18x | 0.5x |
| Fri, 17 Oct 2025 | ฿128.9b | ฿235.6b | ฿8.7b | 9.4x | 14.9x | 0.5x |
| Sun, 14 Sep 2025 | ฿137.5b | ฿235.6b | ฿8.7b | 9.5x | 15.9x | 0.6x |
| Tue, 12 Aug 2025 | ฿132.4b | ฿234.5b | ฿9.4b | 9x | 14x | 0.6x |
| Thu, 10 Jul 2025 | ฿124.4b | ฿234.2b | ฿8.2b | 8.5x | 15.1x | 0.5x |
| Sat, 07 Jun 2025 | ฿124.3b | ฿234.2b | ฿8.2b | 8.6x | 15.1x | 0.5x |
| Mon, 05 May 2025 | ฿117.6b | ฿233.9b | ฿8.7b | 8.5x | 13.5x | 0.5x |
| Wed, 02 Apr 2025 | ฿110.9b | ฿235.7b | ฿9.6b | 8.4x | 11.6x | 0.5x |
| Fri, 28 Feb 2025 | ฿114.6b | ฿234.6b | ฿9.9b | 8.7x | 11.6x | 0.5x |
| Sun, 26 Jan 2025 | ฿129.5b | ฿235.1b | ฿10.9b | 9.1x | 11.8x | 0.6x |
| Tue, 24 Dec 2024 | ฿143.7b | ฿235.1b | ฿10.9b | 9.1x | 13.1x | 0.6x |
| Thu, 21 Nov 2024 | ฿169.5b | ฿234.6b | ฿11.0b | 9.7x | 15.4x | 0.7x |
| Sat, 19 Oct 2024 | ฿181.8b | ฿231.4b | ฿11.7b | 10.8x | 15.6x | 0.8x |
| Mon, 16 Sep 2024 | ฿185.7b | ฿231.4b | ฿11.7b | 10.9x | 15.9x | 0.8x |
| Wed, 14 Aug 2024 | ฿162.3b | ฿230.2b | ฿11.1b | 11.3x | 14.6x | 0.7x |
| Fri, 12 Jul 2024 | ฿196.8b | ฿227.8b | ฿11.0b | 11.3x | 17.9x | 0.9x |
| Sun, 09 Jun 2024 | ฿210.4b | ฿227.8b | ฿11.0b | 11.3x | 19.2x | 0.9x |
| Tue, 07 May 2024 | ฿201.2b | ฿227.2b | ฿10.1b | 14x | 19.9x | 0.9x |
| Thu, 04 Apr 2024 | ฿191.7b | ฿227.0b | ฿9.6b | 13.9x | 20x | 0.8x |
| Sat, 02 Mar 2024 | ฿184.2b | ฿226.5b | ฿9.4b | 13x | 19.6x | 0.8x |
| Mon, 29 Jan 2024 | ฿202.0b | ฿228.5b | ฿9.0b | 14.7x | 22.5x | 0.9x |
| Wed, 27 Dec 2023 | ฿221.0b | ฿230.1b | ฿8.2b | 14.7x | 26.9x | 1x |
| Fri, 24 Nov 2023 | ฿230.2b | ฿230.1b | ฿8.2b | 15.4x | 28x | 1x |
| Sun, 22 Oct 2023 | ฿213.6b | ฿241.2b | ฿9.5b | 12.6x | 22.5x | 0.9x |
| Tue, 19 Sep 2023 | ฿238.6b | ฿241.2b | ฿9.5b | 14.3x | 25.2x | 1x |
| Thu, 17 Aug 2023 | ฿230.6b | ฿241.1b | ฿9.5b | 12.9x | 24.2x | 1x |
| Sat, 15 Jul 2023 | ฿243.6b | ฿252.1b | ฿11.5b | 12.5x | 21.2x | 1x |
| Mon, 12 Jun 2023 | ฿239.6b | ฿252.1b | ฿11.5b | 12.3x | 20.8x | 1x |
| Wed, 10 May 2023 | ฿271.3b | ฿255.4b | ฿13.3b | 11.9x | 20.4x | 1.1x |
| Fri, 07 Apr 2023 | ฿273.8b | ฿258.5b | ฿13.8b | 12.1x | 19.9x | 1.1x |
| Sun, 05 Mar 2023 | ฿313.9b | ฿258.5b | ฿14.2b | 12.5x | 22.1x | 1.2x |
Price to Earnings Ratio
22.1x
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 18.5x.
- The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 19% per year over the last three years,
- Revenues have also declined 4.7% 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 | 3.38% | |
| Materials | 2.17% | |
| Packaging | 2.61% | |
| Paper Packaging | 2.67% | |
| Metal and Glass Containers | 2.37% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 10.3%, 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 close to its 3-year average of 10.9x.
Forecasted Growth
- Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 10% over the next 5 years.
- This is better than its past earnings growth rate of 3.6% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| SCGP SCG Packaging | ฿21.20 | 2.9% +฿2.6b | 52.5% | PE22.4x | |
| ALUCON Alucon | ฿220.00 | 6.3% +฿561.6m | 22.2% | PE9.4x | |
| PTL Polyplex (Thailand) | ฿8.75 | 1.7% +฿135.0m | -15.0% | PS0.4x | |
| SMPC Sahamitr Pressure Container | ฿9.45 | 2.2% +฿107.1m | 3.3% | PE8.4x | |
| SFLEX Starflex | ฿3.54 | 4.1% +฿104.4m | 23.8% | PE10.3x |