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Thai (SET) Real Estate Development Industry Analysis
UpdatedMar 18, 2025
DataAggregated Company Financials
Companies57
- 7D-0.3%
- 3M-18.6%
- 1Y-31.0%
- YTDn/a
The Real Estate Development industry has been flat over the last week, but Sansiri has lost 5.8%. As for the longer term, the industry has declined 31% in the last year. Looking forward, earnings are forecast to grow by 7.1% 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Mar 2025 | ฿373.8b | ฿374.0b | ฿32.6b | 11.4x | 11.5x | 1x |
| Fri, 14 Feb 2025 | ฿392.6b | ฿385.1b | ฿41.3b | 12.5x | 9.5x | 1x |
| Sun, 12 Jan 2025 | ฿433.4b | ฿384.9b | ฿41.2b | 14.1x | 10.5x | 1.1x |
| Tue, 10 Dec 2024 | ฿481.8b | ฿384.9b | ฿41.2b | 15.6x | 11.7x | 1.3x |
| Thu, 07 Nov 2024 | ฿493.1b | ฿383.2b | ฿42.3b | 12.9x | 11.7x | 1.3x |
| Sat, 05 Oct 2024 | ฿500.3b | ฿383.1b | ฿42.3b | 14x | 11.8x | 1.3x |
| Mon, 02 Sep 2024 | ฿467.2b | ฿383.5b | ฿42.3b | 10.7x | 11x | 1.2x |
| Wed, 31 Jul 2024 | ฿465.5b | ฿379.2b | ฿43.8b | 10.9x | 10.6x | 1.2x |
| Fri, 28 Jun 2024 | ฿475.6b | ฿379.2b | ฿43.8b | 11x | 10.9x | 1.3x |
| Sun, 26 May 2024 | ฿519.4b | ฿379.0b | ฿43.8b | 12.8x | 11.9x | 1.4x |
| Tue, 23 Apr 2024 | ฿531.6b | ฿381.6b | ฿46.7b | 11.2x | 11.4x | 1.4x |
| Thu, 21 Mar 2024 | ฿534.5b | ฿381.6b | ฿46.7b | 11.4x | 11.4x | 1.4x |
| Sat, 17 Feb 2024 | ฿542.3b | ฿388.1b | ฿50.4b | 9x | 10.8x | 1.4x |
| Mon, 15 Jan 2024 | ฿554.0b | ฿389.3b | ฿50.6b | 8.5x | 10.9x | 1.4x |
| Wed, 13 Dec 2023 | ฿536.4b | ฿389.9b | ฿50.6b | 8.8x | 10.6x | 1.4x |
| Fri, 10 Nov 2023 | ฿543.4b | ฿393.9b | ฿53.4b | 9.3x | 10.2x | 1.4x |
| Sun, 08 Oct 2023 | ฿561.2b | ฿393.5b | ฿52.8b | 10x | 10.6x | 1.4x |
| Tue, 05 Sep 2023 | ฿591.5b | ฿393.5b | ฿52.8b | 10.6x | 11.2x | 1.5x |
| Thu, 03 Aug 2023 | ฿584.8b | ฿396.5b | ฿52.9b | 10.5x | 11x | 1.5x |
| Sat, 01 Jul 2023 | ฿572.6b | ฿396.5b | ฿52.9b | 10.1x | 10.8x | 1.4x |
| Mon, 29 May 2023 | ฿580.9b | ฿393.1b | ฿52.5b | 10.7x | 11.1x | 1.5x |
| Wed, 26 Apr 2023 | ฿607.9b | ฿388.8b | ฿52.2b | 12.1x | 11.7x | 1.6x |
| Fri, 24 Mar 2023 | ฿608.0b | ฿389.5b | ฿52.5b | 12.5x | 11.6x | 1.6x |
| Sun, 19 Feb 2023 | ฿616.7b | ฿371.1b | ฿49.7b | 10.7x | 12.4x | 1.7x |
| Tue, 17 Jan 2023 | ฿612.9b | ฿370.2b | ฿50.0b | 11.2x | 12.3x | 1.7x |
| Thu, 15 Dec 2022 | ฿604.0b | ฿370.2b | ฿50.0b | 10.7x | 12.1x | 1.6x |
| Sat, 12 Nov 2022 | ฿583.7b | ฿359.0b | ฿46.6b | 11.7x | 12.5x | 1.6x |
| Mon, 10 Oct 2022 | ฿553.2b | ฿345.2b | ฿43.9b | 11.9x | 12.6x | 1.6x |
| Wed, 07 Sep 2022 | ฿562.3b | ฿345.2b | ฿43.9b | 12.4x | 12.8x | 1.6x |
| Fri, 05 Aug 2022 | ฿552.3b | ฿335.2b | ฿39.1b | 12.5x | 14.1x | 1.6x |
| Sun, 03 Jul 2022 | ฿545.4b | ฿334.0b | ฿39.1b | 12.2x | 14x | 1.6x |
| Tue, 31 May 2022 | ฿578.0b | ฿334.0b | ฿39.1b | 12.8x | 14.8x | 1.7x |
| Thu, 28 Apr 2022 | ฿597.4b | ฿330.7b | ฿38.0b | 12.1x | 15.7x | 1.8x |
| Sat, 26 Mar 2022 | ฿592.9b | ฿330.7b | ฿38.0b | 13.2x | 15.6x | 1.8x |
Price to Earnings Ratio
15.6x
Current Industry PE
- Investors are relatively neutral on the Thai Real Estate Development 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 11.8x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.00x.
Past Earnings Growth
- The earnings for companies in the Real Estate Development industry have declined 5.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Thai Real Estate Development compare with similar industries?
| TH Market | -0.64% | |
| Real Estate | -1.14% | |
| Real Estate | -1.68% | |
| Real Estate Development | -0.29% | |
| Real Estate Services | 2.55% | |
| Diversified Real Estate | -2.78% | |
| Real Estate Operating Companies | -3.34% | |
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 | |
|---|---|---|---|---|---|
| LH Land and Houses | ฿4.42 | 1.4% +฿717.0m | -36.9% | PE9.6x | |
| PSH Pruksa Holding | ฿5.20 | 4.4% +฿481.5m | -55.9% | PE25x | |
| NOBLE Noble Development | ฿2.36 | 14.6% +฿410.8m | -36.2% | PE7.5x | |
| CGD Country Group Development | ฿0.27 | 8.0% +฿165.3m | -25.0% | PS1x | |
| PRIN Prinsiri | ฿1.69 | 3.0% +฿61.0m | -39.6% | PE18.6x |