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Thai (SET) Tech Sector Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies56
- 7D-4.3%
- 3M-8.9%
- 1Y0.3%
- YTD-10.2%
Over the last 7 days, the Tech industry has dropped 4.3%, driven by a pullback from Delta Electronics (Thailand) of 13%. Over the last year, the industry has been flat overall. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Tue, 13 Jan 2026 | ฿2.3t | ฿626.4b | ฿30.0b | 11.4x | 75.9x | 3.6x |
| Thu, 11 Dec 2025 | ฿2.7t | ฿626.4b | ฿30.0b | 11.6x | 89.6x | 4.3x |
| Sat, 08 Nov 2025 | ฿3.0t | ฿626.7b | ฿29.9b | 12.1x | 101.9x | 4.9x |
| Mon, 06 Oct 2025 | ฿2.5t | ฿616.5b | ฿28.3b | 12.7x | 87.4x | 4x |
| Wed, 03 Sep 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 13.1x | 74x | 3.4x |
| Fri, 01 Aug 2025 | ฿2.1t | ฿620.9b | ฿28.9b | 13x | 72.1x | 3.4x |
| Sun, 29 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.3x | 46.5x | 2.3x |
| Tue, 27 May 2025 | ฿1.6t | ฿618.5b | ฿30.6b | 12.7x | 53.2x | 2.6x |
| Thu, 24 Apr 2025 | ฿1.2t | ฿609.5b | ฿29.6b | 12.2x | 40.5x | 2x |
| Sat, 22 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 13.1x | 37.8x | 1.8x |
| Mon, 17 Feb 2025 | ฿1.7t | ฿605.3b | ฿32.8b | 12.7x | 51.6x | 2.8x |
| Wed, 15 Jan 2025 | ฿2.1t | ฿600.0b | ฿34.9b | 13x | 60.1x | 3.5x |
| Fri, 13 Dec 2024 | ฿2.3t | ฿600.0b | ฿34.9b | 13.9x | 65.3x | 3.8x |
| Sun, 10 Nov 2024 | ฿2.3t | ฿596.9b | ฿35.4b | 15x | 64.4x | 3.8x |
| Tue, 08 Oct 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17.1x | 47.9x | 2.8x |
| Thu, 05 Sep 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 14.5x | 46.8x | 2.8x |
| Sat, 03 Aug 2024 | ฿1.6t | ฿595.9b | ฿34.0b | 13.4x | 45.6x | 2.6x |
| Mon, 01 Jul 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.1x | 43.3x | 2.4x |
| Wed, 29 May 2024 | ฿1.3t | ฿592.1b | ฿32.2b | 17.3x | 40.2x | 2.2x |
| Fri, 26 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 15.8x | 40.8x | 2.1x |
| Sun, 24 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.7x | 41x | 2.2x |
| Tue, 20 Feb 2024 | ฿1.4t | ฿598.4b | ฿32.3b | 15.1x | 42.7x | 2.3x |
| Thu, 18 Jan 2024 | ฿1.4t | ฿599.4b | ฿32.2b | 16.8x | 44.8x | 2.4x |
| Sat, 16 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 15.7x | 44.9x | 2.4x |
| Mon, 13 Nov 2023 | ฿1.3t | ฿617.1b | ฿32.3b | 14.7x | 41.4x | 2.2x |
| Wed, 11 Oct 2023 | ฿1.4t | ฿606.2b | ฿30.9b | 14.9x | 46.4x | 2.4x |
| Fri, 08 Sep 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 19.1x | 57.3x | 2.9x |
| Sun, 06 Aug 2023 | ฿1.8t | ฿602.8b | ฿31.0b | 15.4x | 57.5x | 3x |
| Tue, 04 Jul 2023 | ฿1.5t | ฿594.8b | ฿30.6b | 15.5x | 50.3x | 2.6x |
| Thu, 01 Jun 2023 | ฿1.6t | ฿594.4b | ฿30.5b | 17.3x | 53x | 2.7x |
| Sat, 29 Apr 2023 | ฿459.8b | ฿578.6b | ฿30.5b | 16.6x | 15.1x | 0.8x |
| Mon, 27 Mar 2023 | ฿1.7t | ฿578.6b | ฿30.5b | 20.7x | 54.7x | 2.9x |
| Wed, 22 Feb 2023 | ฿1.7t | ฿557.4b | ฿28.0b | 25.7x | 61.4x | 3.1x |
| Fri, 20 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 24.5x | 54.5x | 2.9x |
Price to Earnings Ratio
54.5x
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 75.9x 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 | -0.47% | |
| Tech | -4.30% | |
| Semiconductors | 0.88% | |
| Software | 0.41% | |
| Tech Hardware | 0% | 0 |
| IT | -0.63% | |
| Communications | -2.50% | |
| Electronic Equipment and Components | -4.38% | |
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 | |
|---|---|---|---|---|---|
| METCO Muramoto Electron (Thailand) | ฿288.00 | 2.9% +฿167.2m | 65.5% | PE5.5x | |
| AIT Advanced Information Technology | ฿4.94 | 1.2% +฿92.2m | 22.9% | PE12.9x | |
| PT Premier Technology | ฿12.40 | 2.5% +฿85.2m | 31.2% | PE10.6x | |
| MSC Metro Systems Corporation | ฿7.60 | 2.0% +฿54.0m | -1.9% | PE11.5x | |
| MFEC MFEC | ฿5.25 | 1.9% +฿44.1m | -11.0% | PE10.6x |