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Thai (SET) Real Estate Development Industry Analysis
UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies56
- 7D8.5%
- 3M15.2%
- 1Y-9.3%
- YTDn/a
The Real Estate Development industry is up 8.5% in the last week, with WHA Corporation up 22%. However, the industry is down 9.3% over the past year. Looking forward, earnings are forecast to grow by 8.1% annually.
Industry Valuation and Performance
Has the Thai Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Feb 2026 | ฿358.3b | ฿334.9b | ฿26.7b | 9.2x | 13.4x | 1.1x |
| Tue, 13 Jan 2026 | ฿317.6b | ฿335.0b | ฿26.6b | 8.1x | 11.9x | 0.9x |
| Thu, 11 Dec 2025 | ฿314.1b | ฿335.2b | ฿26.8b | 8.7x | 11.7x | 0.9x |
| Sat, 08 Nov 2025 | ฿315.6b | ฿351.4b | ฿29.1b | 9.7x | 10.9x | 0.9x |
| Mon, 06 Oct 2025 | ฿344.5b | ฿350.0b | ฿29.4b | 10x | 11.7x | 1x |
| Wed, 03 Sep 2025 | ฿330.3b | ฿350.0b | ฿29.4b | 9.6x | 11.3x | 0.9x |
| Fri, 01 Aug 2025 | ฿330.0b | ฿360.5b | ฿32.5b | 9.8x | 10.1x | 0.9x |
| Sun, 29 Jun 2025 | ฿294.1b | ฿360.5b | ฿32.5b | 9.1x | 9x | 0.8x |
| Tue, 27 May 2025 | ฿319.2b | ฿360.5b | ฿32.5b | 10.6x | 9.8x | 0.9x |
| Thu, 24 Apr 2025 | ฿343.7b | ฿374.0b | ฿32.6b | 10.7x | 10.6x | 0.9x |
| Sat, 22 Mar 2025 | ฿377.1b | ฿374.0b | ฿32.6b | 11.4x | 11.6x | 1x |
| Mon, 17 Feb 2025 | ฿393.5b | ฿384.9b | ฿41.0b | 12.7x | 9.6x | 1x |
| Wed, 15 Jan 2025 | ฿425.5b | ฿384.9b | ฿41.2b | 13.3x | 10.3x | 1.1x |
| Fri, 13 Dec 2024 | ฿471.9b | ฿384.9b | ฿41.2b | 15.3x | 11.4x | 1.2x |
| Sun, 10 Nov 2024 | ฿495.6b | ฿383.0b | ฿42.0b | 13x | 11.8x | 1.3x |
| Tue, 08 Oct 2024 | ฿507.3b | ฿383.1b | ฿42.3b | 14.3x | 12x | 1.3x |
| Thu, 05 Sep 2024 | ฿468.4b | ฿383.5b | ฿42.3b | 11.2x | 11.1x | 1.2x |
| Sat, 03 Aug 2024 | ฿464.1b | ฿379.2b | ฿43.8b | 10.8x | 10.6x | 1.2x |
| Mon, 01 Jul 2024 | ฿474.0b | ฿379.2b | ฿43.8b | 11.3x | 10.8x | 1.2x |
| Wed, 29 May 2024 | ฿518.1b | ฿379.1b | ฿43.8b | 12.3x | 11.8x | 1.4x |
| Fri, 26 Apr 2024 | ฿533.5b | ฿381.6b | ฿46.7b | 11.2x | 11.4x | 1.4x |
| Sun, 24 Mar 2024 | ฿534.9b | ฿381.6b | ฿46.7b | 11.4x | 11.5x | 1.4x |
| Tue, 20 Feb 2024 | ฿545.7b | ฿388.1b | ฿50.4b | 9x | 10.8x | 1.4x |
| Thu, 18 Jan 2024 | ฿539.7b | ฿389.3b | ฿50.6b | 8.7x | 10.7x | 1.4x |
| Sat, 16 Dec 2023 | ฿538.4b | ฿389.9b | ฿50.6b | 8.6x | 10.6x | 1.4x |
| Mon, 13 Nov 2023 | ฿534.3b | ฿394.3b | ฿52.5b | 9.4x | 10.2x | 1.4x |
| Wed, 11 Oct 2023 | ฿565.1b | ฿393.5b | ฿52.8b | 9.5x | 10.7x | 1.4x |
| Fri, 08 Sep 2023 | ฿601.4b | ฿393.5b | ฿52.8b | 10.6x | 11.4x | 1.5x |
| Sun, 06 Aug 2023 | ฿579.5b | ฿396.6b | ฿52.6b | 10.4x | 11x | 1.5x |
| Tue, 04 Jul 2023 | ฿572.8b | ฿396.5b | ฿52.9b | 10.2x | 10.8x | 1.4x |
| Thu, 01 Jun 2023 | ฿579.1b | ฿393.5b | ฿52.5b | 11.1x | 11x | 1.5x |
| Sat, 29 Apr 2023 | ฿611.4b | ฿388.8b | ฿52.2b | 11.5x | 11.7x | 1.6x |
| Mon, 27 Mar 2023 | ฿604.6b | ฿389.5b | ฿52.5b | 12.6x | 11.5x | 1.6x |
| Wed, 22 Feb 2023 | ฿627.2b | ฿371.1b | ฿49.7b | 10.8x | 12.6x | 1.7x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are optimistic on the Thai Real Estate Development industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.5x which is higher than its 3-year average PE of 11.1x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have declined 19% per year over the last three years,
- Revenues have also declined 3.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Real Estate Development compare with similar industries?
| TH Market | 5.70% | |
| Real Estate | 4.50% | |
| Real Estate | 5.92% | |
| Real Estate Development | 8.50% | |
| Diversified Real Estate | 9.35% | |
| Real Estate Services | 4.37% | |
| Real Estate Operating Companies | 3.46% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WHA WHA Corporation | ฿4.14 | 21.8% +฿11.1b | -11.9% | PE12.5x | |
| LH Land and Houses | ฿4.38 | 11.2% +฿5.3b | 1.4% | PE9.4x | |
| AMATA Amata Corporation | ฿18.30 | 18.1% +฿3.2b | -25.3% | PE6.7x | |
| SIRI Sansiri | ฿1.46 | 5.8% +฿1.4b | -10.4% | PE6.7x | |
| QH Quality Houses | ฿1.42 | 9.2% +฿1.3b | -10.7% | PE9x |