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Thai (SET) Packaging Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies24
- 7D-3.9%
- 3M-3.8%
- 1Y-26.4%
- YTD-14.8%
Over the last 7 days, the Packaging industry has dropped 3.9%, driven by a pullback from SCG Packaging of 5.2%. The industry has fallen 26% in the last year. As for the next few years, earnings are expected to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Nov 2025 | ฿127.5b | ฿226.9b | ฿7.4b | 9.7x | 17.3x | 0.6x |
| Tue, 14 Oct 2025 | ฿132.5b | ฿235.6b | ฿8.7b | 9.4x | 15.3x | 0.6x |
| Thu, 11 Sep 2025 | ฿133.7b | ฿235.6b | ฿8.7b | 9.5x | 15.4x | 0.6x |
| Sat, 09 Aug 2025 | ฿132.4b | ฿229.9b | ฿7.7b | 9x | 17.3x | 0.6x |
| Mon, 07 Jul 2025 | ฿128.4b | ฿234.2b | ฿8.2b | 8.5x | 15.6x | 0.5x |
| Wed, 04 Jun 2025 | ฿125.5b | ฿234.2b | ฿8.2b | 8.6x | 15.2x | 0.5x |
| Fri, 02 May 2025 | ฿115.9b | ฿233.9b | ฿8.7b | 8.4x | 13.3x | 0.5x |
| Sun, 30 Mar 2025 | ฿115.3b | ฿235.7b | ฿9.6b | 8.4x | 12x | 0.5x |
| Tue, 25 Feb 2025 | ฿118.9b | ฿235.3b | ฿10.0b | 8.5x | 11.9x | 0.5x |
| Thu, 23 Jan 2025 | ฿131.4b | ฿235.1b | ฿10.9b | 9x | 12x | 0.6x |
| Sat, 21 Dec 2024 | ฿141.6b | ฿235.1b | ฿10.9b | 9.1x | 12.9x | 0.6x |
| Mon, 18 Nov 2024 | ฿166.4b | ฿234.5b | ฿10.9b | 11x | 15.2x | 0.7x |
| Wed, 16 Oct 2024 | ฿180.5b | ฿231.4b | ฿11.7b | 10.8x | 15.5x | 0.8x |
| Fri, 13 Sep 2024 | ฿185.6b | ฿231.4b | ฿11.7b | 10.9x | 15.9x | 0.8x |
| Sun, 11 Aug 2024 | ฿168.6b | ฿230.2b | ฿11.1b | 11.2x | 15.2x | 0.7x |
| Tue, 09 Jul 2024 | ฿201.1b | ฿227.8b | ฿11.0b | 11.3x | 18.3x | 0.9x |
| Thu, 06 Jun 2024 | ฿216.1b | ฿227.8b | ฿11.0b | 11.3x | 19.7x | 0.9x |
| Sat, 04 May 2024 | ฿201.2b | ฿227.2b | ฿10.1b | 14x | 19.9x | 0.9x |
| Mon, 01 Apr 2024 | ฿186.2b | ฿227.0b | ฿9.6b | 13.7x | 19.4x | 0.8x |
| Wed, 28 Feb 2024 | ฿191.5b | ฿226.4b | ฿9.2b | 15.3x | 20.8x | 0.8x |
| Fri, 26 Jan 2024 | ฿203.5b | ฿228.5b | ฿9.0b | 14.7x | 22.7x | 0.9x |
| Sun, 24 Dec 2023 | ฿219.6b | ฿230.1b | ฿8.2b | 14.6x | 26.7x | 1x |
| Tue, 21 Nov 2023 | ฿230.0b | ฿244.8b | ฿8.7b | 15.4x | 26.4x | 0.9x |
| Thu, 19 Oct 2023 | ฿218.7b | ฿241.2b | ฿9.5b | 12.6x | 23.1x | 0.9x |
| Sat, 16 Sep 2023 | ฿237.0b | ฿241.2b | ฿9.5b | 14.3x | 25x | 1x |
| Mon, 14 Aug 2023 | ฿239.3b | ฿241.8b | ฿9.7b | 13.1x | 24.8x | 1x |
| Wed, 12 Jul 2023 | ฿231.1b | ฿252.1b | ฿11.5b | 12.4x | 20.1x | 0.9x |
| Fri, 09 Jun 2023 | ฿242.6b | ฿252.1b | ฿11.5b | 12.2x | 21.1x | 1x |
| Sun, 07 May 2023 | ฿268.8b | ฿255.6b | ฿13.3b | 12x | 20.2x | 1.1x |
| Tue, 04 Apr 2023 | ฿281.9b | ฿258.5b | ฿13.8b | 12.5x | 20.5x | 1.1x |
| Thu, 02 Mar 2023 | ฿307.6b | ฿258.5b | ฿14.2b | 12.4x | 21.7x | 1.2x |
| Sat, 28 Jan 2023 | ฿320.7b | ฿260.3b | ฿17.5b | 12.9x | 18.4x | 1.2x |
| Mon, 26 Dec 2022 | ฿332.1b | ฿262.6b | ฿17.3b | 12.2x | 19.2x | 1.3x |
| Wed, 23 Nov 2022 | ฿333.9b | ฿262.6b | ฿17.3b | 12.5x | 19.3x | 1.3x |
Price to Earnings Ratio
19.3x
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 25% per year over the last three years,
- Revenues have also declined 4.8% 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 | -2.59% | |
| Materials | -2.42% | |
| Packaging | -3.92% | |
| Metal and Glass Containers | -1.00% | |
| Paper Packaging | -4.73% | |
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 21.1%, which is higher than its past year's earnings decline of 2.6% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 11.1x.
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 decline of 2.6% 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 | |
|---|---|---|---|---|---|
| TMD Thai Metal Drum Manufacturing | ฿25.75 | 3.0% +฿112.5m | 4.7% | PE11x | |
| TPAC Thai Plaspac | ฿7.55 | 3.4% +฿81.6m | -31.4% | PE6.2x | |
| ALUCON Alucon | ฿185.00 | 0.8% +฿64.8m | 8.2% | PE7.6x | |
| PJW Panjawattana Plastic | ฿2.10 | 4.0% +฿46.3m | -15.3% | PE7.1x | |
| SFLEX Starflex | ฿2.60 | 2.4% +฿45.1m | -17.2% | PE7.6x |