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Thai (SET) Tech Sector Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies56
- 7D-7.9%
- 3M11.9%
- 1Y12.0%
- YTD20.7%
Over the last 7 days, the Tech industry has dropped 7.9%, driven by a pullback from Delta Electronics (Thailand) of 8.5%. On the other hand Netbay is actually up 7.1%. In the past year, the industry has gained 12%. 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 |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | ฿2.5t | ฿626.4b | ฿30.0b | 11.6x | 83.1x | 4x |
| Tue, 11 Nov 2025 | ฿3.0t | ฿626.3b | ฿30.0b | 12.4x | 101.1x | 4.8x |
| Thu, 09 Oct 2025 | ฿2.6t | ฿616.5b | ฿28.3b | 12.9x | 93.7x | 4.3x |
| Sat, 06 Sep 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 13x | 74.5x | 3.4x |
| Mon, 04 Aug 2025 | ฿2.0t | ฿620.9b | ฿28.9b | 12.8x | 70.3x | 3.3x |
| Wed, 02 Jul 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.2x | 46.6x | 2.3x |
| Fri, 30 May 2025 | ฿1.6t | ฿618.5b | ฿30.6b | 12.2x | 51.6x | 2.6x |
| Sun, 27 Apr 2025 | ฿1.3t | ฿614.3b | ฿30.8b | 12.6x | 41.5x | 2.1x |
| Tue, 25 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.8x | 37.4x | 1.8x |
| Thu, 20 Feb 2025 | ฿1.3t | ฿605.2b | ฿32.8b | 13x | 38.2x | 2.1x |
| Sat, 18 Jan 2025 | ฿2.0t | ฿600.0b | ฿34.9b | 13.1x | 57.8x | 3.4x |
| Mon, 16 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 13.8x | 63.9x | 3.7x |
| Wed, 13 Nov 2024 | ฿2.3t | ฿596.8b | ฿35.3b | 13.7x | 64.8x | 3.8x |
| Fri, 11 Oct 2024 | ฿1.8t | ฿593.6b | ฿34.9b | 17.2x | 50.9x | 3x |
| Sun, 08 Sep 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 15.9x | 45x | 2.6x |
| Tue, 06 Aug 2024 | ฿1.5t | ฿595.9b | ฿34.0b | 12.7x | 43x | 2.5x |
| Thu, 04 Jul 2024 | ฿1.3t | ฿590.0b | ฿32.1b | 15.1x | 41.8x | 2.3x |
| Sat, 01 Jun 2024 | ฿1.3t | ฿592.6b | ฿32.3b | 16.7x | 40x | 2.2x |
| Mon, 29 Apr 2024 | ฿1.3t | ฿597.8b | ฿31.9b | 15.6x | 40.2x | 2.1x |
| Wed, 27 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 17x | 41.6x | 2.2x |
| Fri, 23 Feb 2024 | ฿1.3t | ฿599.1b | ฿32.5b | 15.7x | 40.7x | 2.2x |
| Sun, 21 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 16.7x | 45.3x | 2.4x |
| Tue, 19 Dec 2023 | ฿1.5t | ฿599.4b | ฿32.2b | 15.8x | 46.1x | 2.5x |
| Thu, 16 Nov 2023 | ฿1.4t | ฿599.7b | ฿32.3b | 14.8x | 44.2x | 2.4x |
| Sat, 14 Oct 2023 | ฿1.5t | ฿606.2b | ฿30.9b | 15.8x | 47.2x | 2.4x |
| Mon, 11 Sep 2023 | ฿1.7t | ฿604.8b | ฿30.8b | 19.2x | 56.7x | 2.9x |
| Wed, 09 Aug 2023 | ฿1.8t | ฿602.8b | ฿31.0b | 15.8x | 57.5x | 3x |
| Fri, 07 Jul 2023 | ฿1.5t | ฿594.8b | ฿30.6b | 15.4x | 50.5x | 2.6x |
| Sun, 04 Jun 2023 | ฿1.6t | ฿594.4b | ฿30.5b | 17x | 53x | 2.7x |
| Tue, 02 May 2023 | ฿1.3t | ฿586.3b | ฿31.3b | 16.9x | 40.7x | 2.2x |
| Thu, 30 Mar 2023 | ฿1.7t | ฿578.6b | ฿30.5b | 21.4x | 55.6x | 2.9x |
| Sat, 25 Feb 2023 | ฿1.7t | ฿570.3b | ฿29.5b | 23.9x | 56.6x | 2.9x |
| Mon, 23 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 24.3x | 54.3x | 2.9x |
| Wed, 21 Dec 2022 | ฿1.3t | ฿556.7b | ฿29.3b | 22.4x | 44.7x | 2.4x |
Price to Earnings Ratio
44.7x
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 83.1x which is higher than its 3-year average PE of 53.6x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 4.0x.
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 | -1.55% | |
| Tech | -7.92% | |
| Software | 4.44% | |
| Communications | 3.62% | |
| IT | 0.34% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | -2.63% | |
| Electronic Equipment and Components | -8.09% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 56.7x.
- Analysts are expecting annual earnings growth of 27.3%, which is higher than its past year's earnings growth of 7.1% per year.
- Investors are most pessimistic about the Semiconductors 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 | |
|---|---|---|---|---|---|
| NETBAY Netbay | ฿21.20 | 7.1% +฿280.0m | 19.8% | PE15.5x | |
| GABLE G-Able | ฿3.48 | 8.1% +฿182.0m | 12.3% | PE8.3x | |
| SAMART Samart Corporation | ฿5.45 | 2.8% +฿151.0m | -22.1% | PE11.6x | |
| JMART Jaymart Group Holdings | ฿7.00 | 1.4% +฿146.4m | -48.5% | PE15.9x | |
| ALT ALT Telecom | ฿1.09 | 11.2% +฿123.1m | 0.9% | PE13.2x |