Thai (SET) Paper Packaging Industry Analysis

UpdatedJan 14, 2026

DataAggregated Company Financials

Companies16

7D7.0%
3M4.8%
1Y1.5%
YTDn/a

In the last week, the Paper Packaging industry is up 7.6%, with SCG Packaging up 10%. Meanwhile, Polyplex (Thailand) actually underperformed within the industry, shrinking 6.5% in the last week. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Thai Paper Packaging Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 15 Jan 2026	฿105.0b	฿180.6b	฿3.7b	9.1x	28.6x	0.6x
Sat, 13 Dec 2025	฿91.5b	฿180.6b	฿3.7b	8.5x	24.9x	0.5x
Mon, 10 Nov 2025	฿99.9b	฿181.6b	฿4.3b	9x	23.4x	0.6x
Wed, 08 Oct 2025	฿105.5b	฿189.4b	฿5.7b	8.9x	18.5x	0.6x
Fri, 05 Sep 2025	฿100.1b	฿189.4b	฿5.7b	9.3x	17.5x	0.5x
Sun, 03 Aug 2025	฿102.7b	฿183.1b	฿4.7b	8.3x	21.6x	0.6x
Tue, 01 Jul 2025	฿99.2b	฿187.6b	฿5.3b	8.2x	18.7x	0.5x
Thu, 29 May 2025	฿101.2b	฿187.6b	฿5.3b	8.2x	19.1x	0.5x
Sat, 26 Apr 2025	฿85.9b	฿188.9b	฿6.5b	8.4x	13.1x	0.5x
Mon, 24 Mar 2025	฿93.4b	฿188.9b	฿6.5b	8.3x	14.3x	0.5x
Wed, 19 Feb 2025	฿94.7b	฿188.0b	฿6.9b	8.3x	13.7x	0.5x
Fri, 17 Jan 2025	฿102.9b	฿187.9b	฿7.9b	8.8x	13x	0.5x
Sun, 15 Dec 2024	฿120.5b	฿187.9b	฿7.9b	9.4x	15.2x	0.6x
Tue, 12 Nov 2024	฿132.3b	฿186.3b	฿7.7b	12.3x	17.3x	0.7x
Thu, 10 Oct 2024	฿157.0b	฿184.5b	฿8.4b	13x	18.7x	0.9x
Sat, 07 Sep 2024	฿154.5b	฿184.5b	฿8.4b	13x	18.4x	0.8x
Mon, 05 Aug 2024	฿154.7b	฿183.3b	฿7.9b	12.7x	19.6x	0.8x
Wed, 03 Jul 2024	฿176.7b	฿181.3b	฿7.9b	12.8x	22.3x	1x
Fri, 31 May 2024	฿181.5b	฿181.3b	฿7.9b	13.5x	22.9x	1x
Sun, 28 Apr 2024	฿169.6b	฿180.8b	฿7.5b	13.8x	22.6x	0.9x
Tue, 26 Mar 2024	฿156.4b	฿180.6b	฿7.0b	14.1x	22.4x	0.9x
Thu, 22 Feb 2024	฿158.8b	฿56.8b	฿3.9b	15.4x	40.6x	2.8x
Sat, 20 Jan 2024	฿169.4b	฿183.6b	฿5.7b	17x	29.9x	0.9x
Mon, 18 Dec 2023	฿189.2b	฿183.6b	฿5.7b	17.1x	33.4x	1x
Wed, 15 Nov 2023	฿188.3b	฿198.4b	฿6.2b	17.7x	30.6x	0.9x
Fri, 13 Oct 2023	฿185.8b	฿193.5b	฿6.8b	19.7x	27.2x	1x
Sun, 10 Sep 2023	฿207.1b	฿193.5b	฿6.8b	22.5x	30.3x	1.1x
Tue, 08 Aug 2023	฿207.4b	฿197.5b	฿8.3b	16x	24.9x	1.1x
Thu, 06 Jul 2023	฿195.3b	฿203.3b	฿8.7b	16.2x	22.5x	1x
Sat, 03 Jun 2023	฿208.7b	฿203.3b	฿8.7b	17.2x	24x	1x
Mon, 01 May 2023	฿230.6b	฿205.9b	฿10.1b	18.1x	22.9x	1.1x
Wed, 29 Mar 2023	฿251.8b	฿208.9b	฿10.5b	21.9x	24x	1.2x
Fri, 24 Feb 2023	฿273.9b	฿210.1b	฿11.1b	12x	24.7x	1.3x
Sun, 22 Jan 2023	฿293.0b	฿211.2b	฿14.0b	13.8x	20.9x	1.4x

Price to Earnings Ratio

20.9x

Sun, 22 Jan 2023

Current Industry PE

Investors are optimistic on the Thai Paper Packaging industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 28.2x which is higher than its 3-year average PE of 21.9x.

The industry is trading close to its 3-year average PS ratio of 0.84x.

Past Earnings Growth

The earnings for companies in the Paper Packaging industry have declined 36% per year over the last three years,
Revenues have also declined 5.1% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.