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Thai (SET) Tech Sector Analysis
UpdatedJan 14, 2026
DataAggregated Company Financials
Companies56
- 7D-12.0%
- 3M-15.3%
- 1Y5.2%
- YTD-13.1%
Over the last 7 days, the Tech industry has dropped 12%, driven by a pullback from Delta Electronics (Thailand) of 13%. Over the past 12 months, the industry was up 3.2%. Earnings are forecast to grow by 27% annually.
Sector Valuation and Performance
Has the Thai Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 Jan 2026 | ฿2.2t | ฿626.4b | ฿30.0b | 11x | 73.4x | 3.5x |
| Fri, 12 Dec 2025 | ฿2.5t | ฿626.4b | ฿30.0b | 11.5x | 84.4x | 4x |
| Sun, 09 Nov 2025 | ฿3.0t | ฿626.3b | ฿30.0b | 12.2x | 101.6x | 4.9x |
| Tue, 07 Oct 2025 | ฿2.5t | ฿616.5b | ฿28.3b | 12.8x | 88.1x | 4x |
| Thu, 04 Sep 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 13x | 75.9x | 3.5x |
| Sat, 02 Aug 2025 | ฿2.0t | ฿620.9b | ฿28.9b | 12.8x | 70.3x | 3.3x |
| Mon, 30 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.3x | 46.5x | 2.3x |
| Wed, 28 May 2025 | ฿1.6t | ฿618.5b | ฿30.6b | 12.4x | 51.4x | 2.5x |
| Fri, 25 Apr 2025 | ฿1.2t | ฿609.5b | ฿29.6b | 12.5x | 40.2x | 2x |
| Sun, 23 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 13.1x | 37.8x | 1.8x |
| Tue, 18 Feb 2025 | ฿1.4t | ฿605.3b | ฿32.8b | 12.7x | 41.6x | 2.3x |
| Thu, 16 Jan 2025 | ฿2.0t | ฿600.0b | ฿34.9b | 13.1x | 58.7x | 3.4x |
| Sat, 14 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 13.8x | 63.9x | 3.7x |
| Mon, 11 Nov 2024 | ฿2.3t | ฿596.7b | ฿35.3b | 15x | 64.5x | 3.8x |
| Wed, 09 Oct 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17x | 47.6x | 2.8x |
| Fri, 06 Sep 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 15.9x | 47.3x | 2.8x |
| Sun, 04 Aug 2024 | ฿1.6t | ฿595.9b | ฿34.0b | 13.4x | 45.6x | 2.6x |
| Tue, 02 Jul 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.1x | 43.4x | 2.4x |
| Thu, 30 May 2024 | ฿1.3t | ฿592.5b | ฿32.3b | 16.7x | 39.7x | 2.2x |
| Sat, 27 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 15.6x | 41.1x | 2.2x |
| Mon, 25 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.7x | 41x | 2.2x |
| Wed, 21 Feb 2024 | ฿1.3t | ฿598.4b | ฿32.5b | 15.2x | 40.8x | 2.2x |
| Fri, 19 Jan 2024 | ฿1.4t | ฿599.4b | ฿32.2b | 16.5x | 44.9x | 2.4x |
| Sun, 17 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 15.7x | 44.9x | 2.4x |
| Tue, 14 Nov 2023 | ฿1.4t | ฿616.4b | ฿32.3b | 14.5x | 41.9x | 2.2x |
| Thu, 12 Oct 2023 | ฿1.5t | ฿606.2b | ฿30.9b | 16x | 48x | 2.4x |
| Sat, 09 Sep 2023 | ฿1.7t | ฿604.8b | ฿30.8b | 19.2x | 56.7x | 2.9x |
| Mon, 07 Aug 2023 | ฿1.8t | ฿602.8b | ฿31.0b | 15.4x | 57.5x | 3x |
| Wed, 05 Jul 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.6x | 50.9x | 2.6x |
| Fri, 02 Jun 2023 | ฿1.6t | ฿594.4b | ฿30.5b | 16.6x | 52.4x | 2.7x |
| Sun, 30 Apr 2023 | ฿1.3t | ฿586.3b | ฿31.3b | 16.9x | 40.7x | 2.2x |
| Tue, 28 Mar 2023 | ฿1.7t | ฿578.6b | ฿30.5b | 20.6x | 54.6x | 2.9x |
| Thu, 23 Feb 2023 | ฿1.7t | ฿556.3b | ฿27.8b | 25.4x | 61.3x | 3.1x |
| Sat, 21 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 24.3x | 54.3x | 2.9x |
Price to Earnings Ratio
54.3x
Current Industry PE
- Investors are optimistic on the Thai Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 74.5x which is higher than its 3-year average PE of 54.4x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.0% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Thai Tech sector?
| TH Market | -3.12% | |
| Tech | -11.97% | |
| Semiconductors | 2.65% | |
| Tech Hardware | 0% | 0 |
| Communications | -0.084% | |
| Software | -1.30% | |
| IT | -2.74% | |
| Electronic Equipment and Components | -12.17% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 57.8x.
- Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 7.1% per year.
- Investors are most pessimistic about the Communications industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 7.1% per year.
- In contrast, the Software industry is expected to see its earnings grow by 7.1% 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 | |
|---|---|---|---|---|---|
| CCET Cal-Comp Electronics (Thailand) | ฿4.54 | 0.9% +฿418.0m | -49.6% | PE21.2x | |
| METCO Muramoto Electron (Thailand) | ฿289.00 | 2.1% +฿125.4m | 66.1% | PE5.5x | |
| SIMAT Simat Technologies | ฿1.40 | 10.2% +฿84.3m | 1.4% | PE13.9x | |
| MSC Metro Systems Corporation | ฿7.75 | 2.0% +฿54.0m | 0% | PE11.7x | |
| IIG I&I Group | ฿1.66 | 17.7% +฿30.8m | -55.4% | PS0.2x |