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Thai (SET) Packaging Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies24
- 7D3.4%
- 3M13.1%
- 1Y-24.9%
- YTD-4.0%
The Packaging industry is up 3.7% in the last week, with SCG Packaging up 4.9%. In the same time, Thai O.P.P was down 11%. In the past year, the industry is down 26%. Looking forward, earnings are forecast to grow by 7.7% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ฿138.2b | ฿235.6b | ฿8.7b | 9.4x | 15.9x | 0.6x |
| Sat, 16 Aug 2025 | ฿127.6b | ฿235.3b | ฿8.6b | 10x | 14.9x | 0.5x |
| Mon, 14 Jul 2025 | ฿124.0b | ฿234.2b | ฿8.2b | 8.5x | 15.1x | 0.5x |
| Wed, 11 Jun 2025 | ฿124.2b | ฿234.2b | ฿8.2b | 8.8x | 15.1x | 0.5x |
| Fri, 09 May 2025 | ฿121.7b | ฿233.9b | ฿8.7b | 8.5x | 13.9x | 0.5x |
| Sun, 06 Apr 2025 | ฿107.3b | ฿235.7b | ฿9.6b | 8.4x | 11.2x | 0.5x |
| Tue, 04 Mar 2025 | ฿112.3b | ฿234.9b | ฿9.5b | 9.2x | 11.8x | 0.5x |
| Thu, 30 Jan 2025 | ฿129.3b | ฿234.5b | ฿9.7b | 9x | 13.4x | 0.6x |
| Sat, 28 Dec 2024 | ฿145.8b | ฿235.1b | ฿10.9b | 9.1x | 13.3x | 0.6x |
| Mon, 25 Nov 2024 | ฿166.9b | ฿235.1b | ฿11.0b | 9.8x | 15.2x | 0.7x |
| Wed, 23 Oct 2024 | ฿182.4b | ฿231.4b | ฿11.7b | 10.7x | 15.6x | 0.8x |
| Fri, 20 Sep 2024 | ฿190.6b | ฿231.4b | ฿11.7b | 10.9x | 16.3x | 0.8x |
| Sun, 18 Aug 2024 | ฿164.2b | ฿231.4b | ฿11.7b | 10.8x | 14x | 0.7x |
| Tue, 16 Jul 2024 | ฿195.2b | ฿227.8b | ฿11.0b | 11.4x | 17.8x | 0.9x |
| Thu, 13 Jun 2024 | ฿209.6b | ฿227.8b | ฿11.0b | 11.3x | 19.1x | 0.9x |
| Sat, 11 May 2024 | ฿197.5b | ฿227.6b | ฿10.3b | 13.1x | 19.1x | 0.9x |
| Mon, 08 Apr 2024 | ฿191.2b | ฿227.0b | ฿9.6b | 13.5x | 20x | 0.8x |
| Wed, 06 Mar 2024 | ฿181.3b | ฿227.0b | ฿9.6b | 13x | 18.9x | 0.8x |
| Fri, 02 Feb 2024 | ฿201.8b | ฿228.5b | ฿9.0b | 14.5x | 22.5x | 0.9x |
| Sun, 31 Dec 2023 | ฿221.4b | ฿230.1b | ฿8.2b | 14.7x | 27x | 1x |
| Tue, 28 Nov 2023 | ฿227.6b | ฿230.1b | ฿8.2b | 15.3x | 27.7x | 1x |
| Thu, 26 Oct 2023 | ฿218.2b | ฿234.9b | ฿9.0b | 12.5x | 24.3x | 0.9x |
| Sat, 23 Sep 2023 | ฿248.3b | ฿241.2b | ฿9.5b | 14.3x | 26.2x | 1x |
| Mon, 21 Aug 2023 | ฿229.3b | ฿241.2b | ฿9.5b | 12.8x | 24.2x | 1x |
| Wed, 19 Jul 2023 | ฿241.6b | ฿252.1b | ฿11.5b | 12.6x | 21x | 1x |
| Fri, 16 Jun 2023 | ฿244.5b | ฿252.1b | ฿11.5b | 12.3x | 21.2x | 1x |
| Sun, 14 May 2023 | ฿266.7b | ฿255.4b | ฿13.2b | 12x | 20.2x | 1x |
| Tue, 11 Apr 2023 | ฿275.9b | ฿258.5b | ฿13.8b | 12.3x | 20.1x | 1.1x |
| Thu, 09 Mar 2023 | ฿312.2b | ฿257.4b | ฿13.8b | 12.7x | 22.6x | 1.2x |
| Sat, 04 Feb 2023 | ฿323.8b | ฿260.3b | ฿17.5b | 12.9x | 18.5x | 1.2x |
| Mon, 02 Jan 2023 | ฿338.1b | ฿260.3b | ฿17.5b | 12.3x | 19.3x | 1.3x |
| Wed, 30 Nov 2022 | ฿335.5b | ฿262.6b | ฿17.3b | 12.7x | 19.4x | 1.3x |
| Fri, 28 Oct 2022 | ฿323.3b | ฿257.4b | ฿17.1b | 13x | 18.9x | 1.3x |
| Sun, 25 Sep 2022 | ฿333.1b | ฿251.4b | ฿17.0b | 14.8x | 19.6x | 1.3x |
Price to Earnings Ratio
19.6x
Current Industry PE
- Investors are pessimistic on the Thai Packaging 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 15.9x which is lower than its 3-year average PE of 18.8x.
- The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 20% per year over the last three years,
- Revenues have also declined 2.1% 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 | 2.22% | |
| Materials | 0.41% | |
| Packaging | 3.37% | |
| Paper Packaging | 3.72% | |
| Metal and Glass Containers | 2.07% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry even though it's trading below its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 7.6%, which is higher than its past year's earnings decline of 13.3% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, which is trading below its 3-year average of 11.2x.
Forecasted Growth
- Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 9.8% over the next 5 years.
- This is better than its past earnings decline of 0.2% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 7.6% 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 | ฿19.00 | 3.8% +฿3.0b | -33.3% | PE19.2x | |
| PTL Polyplex (Thailand) | ฿10.70 | 7.0% +฿630.0m | -21.3% | PE21.6x | |
| TMD Thai Metal Drum Manufacturing | ฿25.75 | 3.4% +฿127.5m | 6.0% | PE11x | |
| NEP NEP Realty and Industry | ฿0.26 | 13.0% +฿69.8m | 13.0% | PE183.9x | |
| SITHAI Srithai Superware | ฿1.07 | 1.9% +฿52.7m | -26.7% | PE16.9x |