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Thai (SET) Packaging Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies24
- 7D-3.3%
- 3M-10.7%
- 1Y-29.0%
- YTD-17.6%
Over the last 7 days, the Packaging industry has dropped 5.7%, driven by SCG Packaging declining 5.5%. On the other hand BG Container Glass is actually up 10%. However, the industry is down 28% over the past year. Earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Nov 2025 | ฿121.4b | ฿226.2b | ฿6.8b | 9.1x | 17.9x | 0.5x |
| Mon, 20 Oct 2025 | ฿126.6b | ฿235.6b | ฿8.7b | 9.4x | 14.6x | 0.5x |
| Wed, 17 Sep 2025 | ฿138.0b | ฿235.6b | ฿8.7b | 9.4x | 15.9x | 0.6x |
| Fri, 15 Aug 2025 | ฿129.2b | ฿235.5b | ฿8.6b | 9.9x | 15.1x | 0.5x |
| Sun, 13 Jul 2025 | ฿124.0b | ฿234.2b | ฿8.2b | 8.5x | 15.1x | 0.5x |
| Tue, 10 Jun 2025 | ฿123.6b | ฿234.2b | ฿8.2b | 8.8x | 15x | 0.5x |
| Thu, 08 May 2025 | ฿123.1b | ฿233.9b | ฿8.7b | 8.8x | 14.1x | 0.5x |
| Sat, 05 Apr 2025 | ฿107.3b | ฿235.7b | ฿9.6b | 8.4x | 11.2x | 0.5x |
| Mon, 03 Mar 2025 | ฿114.3b | ฿234.9b | ฿9.5b | 9.1x | 12x | 0.5x |
| Wed, 29 Jan 2025 | ฿127.5b | ฿235.1b | ฿10.9b | 9.1x | 11.7x | 0.5x |
| Fri, 27 Dec 2024 | ฿146.1b | ฿235.1b | ฿10.9b | 9.1x | 13.3x | 0.6x |
| Sun, 24 Nov 2024 | ฿166.9b | ฿235.1b | ฿11.0b | 9.8x | 15.2x | 0.7x |
| Tue, 22 Oct 2024 | ฿182.1b | ฿231.4b | ฿11.7b | 10.8x | 15.6x | 0.8x |
| Thu, 19 Sep 2024 | ฿183.6b | ฿231.4b | ฿11.7b | 10.7x | 15.7x | 0.8x |
| Sat, 17 Aug 2024 | ฿164.2b | ฿231.5b | ฿11.7b | 10x | 14x | 0.7x |
| Mon, 15 Jul 2024 | ฿198.9b | ฿227.8b | ฿11.0b | 11.4x | 18.1x | 0.9x |
| Wed, 12 Jun 2024 | ฿209.1b | ฿227.8b | ฿11.0b | 11.4x | 19x | 0.9x |
| Fri, 10 May 2024 | ฿200.3b | ฿227.3b | ฿10.1b | 13.5x | 19.8x | 0.9x |
| Sun, 07 Apr 2024 | ฿191.2b | ฿227.0b | ฿9.6b | 13.6x | 20x | 0.8x |
| Tue, 05 Mar 2024 | ฿181.8b | ฿227.0b | ฿9.6b | 13.2x | 19x | 0.8x |
| Thu, 01 Feb 2024 | ฿201.8b | ฿228.5b | ฿9.0b | 14.5x | 22.5x | 0.9x |
| Sat, 30 Dec 2023 | ฿221.4b | ฿230.1b | ฿8.2b | 14.7x | 27x | 1x |
| Mon, 27 Nov 2023 | ฿230.0b | ฿230.1b | ฿8.2b | 15.3x | 28x | 1x |
| Wed, 25 Oct 2023 | ฿213.4b | ฿241.2b | ฿9.5b | 12.6x | 22.5x | 0.9x |
| Fri, 22 Sep 2023 | ฿246.4b | ฿241.2b | ฿9.5b | 14.3x | 26x | 1x |
| Sun, 20 Aug 2023 | ฿229.3b | ฿241.2b | ฿9.5b | 12.8x | 24.2x | 1x |
| Tue, 18 Jul 2023 | ฿242.8b | ฿252.1b | ฿11.5b | 12.5x | 21.1x | 1x |
| Thu, 15 Jun 2023 | ฿249.4b | ฿252.1b | ฿11.5b | 12.3x | 21.7x | 1x |
| Sat, 13 May 2023 | ฿266.7b | ฿255.4b | ฿13.2b | 12x | 20.2x | 1x |
| Mon, 10 Apr 2023 | ฿275.9b | ฿258.5b | ฿13.8b | 12.2x | 20.1x | 1.1x |
| Wed, 08 Mar 2023 | ฿313.9b | ฿257.5b | ฿13.8b | 12.6x | 22.8x | 1.2x |
| Fri, 03 Feb 2023 | ฿322.7b | ฿260.3b | ฿17.5b | 12.8x | 18.5x | 1.2x |
| Sun, 01 Jan 2023 | ฿338.1b | ฿260.3b | ฿17.5b | 12.3x | 19.3x | 1.3x |
| Tue, 29 Nov 2022 | ฿331.4b | ฿262.6b | ฿17.3b | 12.5x | 19.1x | 1.3x |
Price to Earnings Ratio
19.1x
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 18.6x.
- 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 4.8% 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 | -1.17% | |
| Materials | -2.71% | |
| 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 | ฿4.02 | 10.4% +฿263.9m | -46.8% | PE13.6x | |
| SFLEX Starflex | ฿2.90 | 11.5% +฿225.7m | -8.2% | PE8.5x | |
| TPAC Thai Plaspac | ฿7.95 | 5.3% +฿130.6m | -26.4% | PE6.5x | |
| ALUCON Alucon | ฿186.50 | 0.8% +฿64.8m | 10.4% | PE7.6x | |
| PDG Prodigy | ฿2.92 | 2.8% +฿23.8m | 10.6% | PE10.2x |