Narrative Update • Sep 07
Have your own idea? Try our Stock Screener
Thai (SET) Tech Sector Analysis
UpdatedSep 18, 2026
DataAggregated Company Financials
Companies55
- 7D-9.4%
- 3M-25.1%
- 1Y46.8%
- YTD33.3%
Over the last 7 days, the Tech industry has dropped 9.4%, driven by Delta Electronics (Thailand) declining 10%. In contrast, KCE Electronics has gained 11%. This takes the industry's 12 month performance to a gain of 47%. Looking forward, earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Fri, 18 Sep 2026 | ฿3.4t | ฿666.8b | ฿40.1b | 12.3x | 83.9x | 5x |
| Sun, 16 Aug 2026 | ฿3.7t | ฿661.6b | ฿39.6b | 13x | 93.7x | 5.6x |
| Tue, 14 Jul 2026 | ฿4.2t | ฿635.0b | ฿37.9b | 12.6x | 112x | 6.7x |
| Thu, 11 Jun 2026 | ฿4.7t | ฿635.0b | ฿37.9b | 12.4x | 124x | 7.4x |
| Sat, 09 May 2026 | ฿4.2t | ฿655.4b | ฿38.4b | 12.3x | 108.4x | 6.3x |
| Mon, 06 Apr 2026 | ฿3.6t | ฿636.5b | ฿34.8b | 12x | 103.8x | 5.7x |
| Wed, 04 Mar 2026 | ฿3.6t | ฿638.8b | ฿34.0b | 12.5x | 105.1x | 5.6x |
| Fri, 30 Jan 2026 | ฿2.8t | ฿626.4b | ฿30.0b | 11.5x | 94.1x | 4.5x |
| Sun, 28 Dec 2025 | ฿2.3t | ฿626.4b | ฿30.0b | 11.4x | 78x | 3.7x |
| Tue, 25 Nov 2025 | ฿2.7t | ฿625.3b | ฿30.0b | 11.4x | 90.7x | 4.3x |
| Thu, 23 Oct 2025 | ฿2.7t | ฿616.5b | ฿28.3b | 12.5x | 97x | 4.5x |
| Sat, 20 Sep 2025 | ฿2.3t | ฿616.5b | ฿28.3b | 12.9x | 80.7x | 3.7x |
| Mon, 18 Aug 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 12.8x | 75.1x | 3.4x |
| Wed, 16 Jul 2025 | ฿1.7t | ฿618.2b | ฿30.9b | 12.7x | 54.3x | 2.7x |
| Fri, 13 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.8x | 47.2x | 2.3x |
| Sun, 11 May 2025 | ฿1.6t | ฿615.1b | ฿31.0b | 12.6x | 50.3x | 2.5x |
| Tue, 08 Apr 2025 | ฿941.3b | ฿609.5b | ฿29.6b | 12.4x | 31.8x | 1.5x |
| Thu, 06 Mar 2025 | ฿1.2t | ฿609.5b | ฿29.6b | 13.2x | 40.9x | 2x |
| Sat, 01 Feb 2025 | ฿1.9t | ฿600.0b | ฿34.9b | 13.4x | 53.6x | 3.1x |
| Mon, 30 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 13.6x | 64.1x | 3.7x |
| Wed, 27 Nov 2024 | ฿2.2t | ฿600.3b | ฿35.1b | 14.4x | 63.1x | 3.7x |
| Fri, 25 Oct 2024 | ฿2.0t | ฿593.6b | ฿34.9b | 16.7x | 57.6x | 3.4x |
| Sun, 22 Sep 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17x | 47.6x | 2.8x |
| Tue, 20 Aug 2024 | ฿1.6t | ฿593.8b | ฿34.9b | 14x | 45.1x | 2.7x |
| Thu, 18 Jul 2024 | ฿1.5t | ฿590.0b | ฿32.1b | 15x | 46.6x | 2.5x |
| Sat, 15 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.2x | 42.1x | 2.3x |
| Mon, 13 May 2024 | ฿1.3t | ฿597.9b | ฿32.0b | 16.3x | 39.3x | 2.1x |
| Wed, 10 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.1x | 42.8x | 2.3x |
| Fri, 08 Mar 2024 | ฿1.2t | ฿592.2b | ฿31.0b | 16.7x | 39.7x | 2.1x |
| Sun, 04 Feb 2024 | ฿1.4t | ฿599.4b | ฿32.2b | 16.1x | 43.8x | 2.4x |
| Tue, 02 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 16.7x | 47.4x | 2.5x |
| Thu, 30 Nov 2023 | ฿1.3t | ฿599.4b | ฿32.2b | 14.7x | 41.9x | 2.3x |
| Sat, 28 Oct 2023 | ฿1.3t | ฿616.0b | ฿32.3b | 13.8x | 39x | 2x |
| Mon, 25 Sep 2023 | ฿1.8t | ฿605.9b | ฿30.8b | 18.3x | 57.2x | 2.9x |
Price to Earnings Ratio
57.2x
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 83.9x which is higher than its 3-year average PE of 65.8x.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 9.1% per year over the last three years.
- Revenues for these companies have grown 3.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Tech sector?
| TH Market | -1.99% | |
| Tech | -9.35% | |
| Semiconductors | 1.35% | |
| Tech Hardware | 0% | 0 |
| IT | -0.59% | |
| Software | -1.00% | |
| Communications | -4.35% | |
| Electronic Equipment and Components | -9.50% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 71.2x.
- Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings growth of 15.3% per year.
- Investors are most pessimistic about the IT industry, which is trading below its 3-year average of 20.4x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the IT industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿17.90 | 2.3% +฿286.9m | 24.3% | PE15.8x | |
| LOXLEY Loxley | ฿1.80 | 5.9% +฿226.5m | 4.0% | PE6x | |
| INSET Infraset | ฿4.66 | 5.9% +฿208.7m | 161.8% | PE30.8x | |
| PIS Pro Inside | ฿6.10 | 4.3% +฿135.0m | 56.4% | PE11.7x | |
| METCO Muramoto Electron (Thailand) | ฿302.00 | 1.0% +฿62.7m | 36.0% | PE5.8x |