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Thai (SET) Tech Sector Analysis
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies56
- 7D0.5%
- 3M-3.7%
- 1Y15.2%
- YTDn/a
Over the last 7 days, the Tech industry has dropped 2.3%, driven by a pullback from Cal-Comp Electronics (Thailand) of 2.2%. In the past year, the industry has gained 6.2%. As for the next few years, earnings are expected to grow by 27% per annum.
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, 02 Jan 2026 | ฿2.4t | ฿626.4b | ฿30.0b | 11.6x | 79.3x | 3.8x |
| Sun, 30 Nov 2025 | ฿2.7t | ฿626.4b | ฿30.0b | 11.7x | 91.1x | 4.4x |
| Tue, 28 Oct 2025 | ฿3.1t | ฿626.6b | ฿29.8b | 12.5x | 102.8x | 4.9x |
| Thu, 25 Sep 2025 | ฿2.3t | ฿616.5b | ฿28.3b | 12.8x | 81.7x | 3.8x |
| Sat, 23 Aug 2025 | ฿2.2t | ฿616.5b | ฿28.3b | 13.1x | 76x | 3.5x |
| Mon, 21 Jul 2025 | ฿2.0t | ฿618.2b | ฿30.9b | 13.2x | 64x | 3.2x |
| Wed, 18 Jun 2025 | ฿1.5t | ฿618.5b | ฿30.6b | 11.7x | 47.8x | 2.4x |
| Fri, 16 May 2025 | ฿1.6t | ฿616.8b | ฿30.7b | 13.2x | 53.5x | 2.7x |
| Sun, 13 Apr 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.2x | 36.6x | 1.8x |
| Tue, 11 Mar 2025 | ฿1.2t | ฿609.5b | ฿29.6b | 13.1x | 41.1x | 2x |
| Thu, 06 Feb 2025 | ฿1.7t | ฿600.0b | ฿34.9b | 13.1x | 49.1x | 2.9x |
| Sat, 04 Jan 2025 | ฿2.1t | ฿600.0b | ฿34.9b | 13.6x | 60.7x | 3.5x |
| Mon, 02 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 14.3x | 63.3x | 3.7x |
| Wed, 30 Oct 2024 | ฿1.9t | ฿596.3b | ฿35.4b | 16.7x | 53.5x | 3.2x |
| Fri, 27 Sep 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17.1x | 48.5x | 2.9x |
| Sun, 25 Aug 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 15x | 45.1x | 2.7x |
| Tue, 23 Jul 2024 | ฿1.5t | ฿590.0b | ฿32.1b | 14.8x | 45.5x | 2.5x |
| Thu, 20 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15x | 44.9x | 2.4x |
| Sat, 18 May 2024 | ฿1.3t | ฿592.9b | ฿32.3b | 16.9x | 41.4x | 2.3x |
| Mon, 15 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.8x | 42.6x | 2.2x |
| Wed, 13 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.0b | 16.4x | 40.4x | 2.1x |
| Fri, 09 Feb 2024 | ฿1.4t | ฿597.6b | ฿31.9b | 16.1x | 44.4x | 2.4x |
| Sun, 07 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17x | 46x | 2.5x |
| Tue, 05 Dec 2023 | ฿1.3t | ฿599.4b | ฿32.2b | 14.8x | 41.8x | 2.2x |
| Thu, 02 Nov 2023 | ฿1.4t | ฿616.0b | ฿32.3b | 13.9x | 42.3x | 2.2x |
| Sat, 30 Sep 2023 | ฿1.4t | ฿605.9b | ฿30.8b | 16.7x | 46.7x | 2.4x |
| Mon, 28 Aug 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 18.6x | 57.5x | 2.9x |
| Wed, 26 Jul 2023 | ฿1.7t | ฿594.8b | ฿30.6b | 15.4x | 56.5x | 2.9x |
| Fri, 23 Jun 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.9x | 51.4x | 2.6x |
| Sun, 21 May 2023 | ฿1.5t | ฿595.2b | ฿30.6b | 15.6x | 48.1x | 2.5x |
| Tue, 18 Apr 2023 | ฿1.6t | ฿578.6b | ฿30.5b | 19.9x | 53.3x | 2.8x |
| Thu, 16 Mar 2023 | ฿1.7t | ฿586.1b | ฿32.3b | 21x | 51.9x | 2.9x |
| Sat, 11 Feb 2023 | ฿1.6t | ฿557.4b | ฿29.1b | 25x | 56.4x | 2.9x |
| Mon, 09 Jan 2023 | ฿1.5t | ฿556.6b | ฿29.3b | 23.3x | 51.8x | 2.7x |
Price to Earnings Ratio
51.8x
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 79.3x which is higher than its 3-year average PE of 54.2x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.8x.
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 | -0.40% | |
| Tech | 0.49% | |
| Electronic Equipment and Components | 0.50% | |
| Communications | 0.47% | |
| IT | 0.19% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| Software | -0.35% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 57.4x.
- 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 | |
|---|---|---|---|---|---|
| DELTA Delta Electronics (Thailand) | ฿173.00 | 0.6% +฿12.5b | 24.5% | PE109.5x | |
| SDC Samart Digital | ฿0.04 | 33.3% +฿345.2m | -20.0% | PE21.3x | |
| SKY Sky ICT | ฿11.10 | 3.7% +฿286.9m | -57.7% | PE11.7x | |
| SVI SVI | ฿7.30 | 0.7% +฿107.7m | 2.8% | PE19x | |
| FORTH Forth Corporation | ฿5.75 | 1.8% +฿93.5m | -45.2% | PE8.9x |