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Thai (SET) Tech Sector Analysis
UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies56
- 7D0.8%
- 3M-7.7%
- 1Y64.5%
- YTD10.7%
Over the last 7 days, the Tech industry has remained flat, although notably Muramoto Electron (Thailand) declined by 15%. As for the the longer term, the industry is up 64% over the past 12 months. As for the next few years, earnings are expected to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ฿2.8t | ฿626.4b | ฿30.0b | 11.2x | 93.5x | 4.5x |
| Wed, 07 Jan 2026 | ฿2.5t | ฿626.4b | ฿30.0b | 11.6x | 83.4x | 4x |
| Fri, 05 Dec 2025 | ฿2.7t | ฿626.4b | ฿30.0b | 11.6x | 90.3x | 4.3x |
| Sun, 02 Nov 2025 | ฿3.0t | ฿626.6b | ฿29.8b | 12.6x | 99.3x | 4.7x |
| Tue, 30 Sep 2025 | ฿2.3t | ฿616.5b | ฿28.3b | 13x | 80.5x | 3.7x |
| Thu, 28 Aug 2025 | ฿2.2t | ฿616.5b | ฿28.3b | 12.9x | 77.1x | 3.5x |
| Sat, 26 Jul 2025 | ฿2.0t | ฿618.2b | ฿30.9b | 12.9x | 65.9x | 3.3x |
| Mon, 23 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.4x | 47.2x | 2.3x |
| Wed, 21 May 2025 | ฿1.6t | ฿618.7b | ฿30.3b | 12.8x | 52.2x | 2.6x |
| Fri, 18 Apr 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.4x | 35.9x | 1.7x |
| Sun, 16 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 13.3x | 38.5x | 1.9x |
| Tue, 11 Feb 2025 | ฿1.7t | ฿600.0b | ฿34.9b | 12.6x | 48x | 2.8x |
| Thu, 09 Jan 2025 | ฿2.3t | ฿600.0b | ฿34.9b | 13.5x | 64.7x | 3.8x |
| Sat, 07 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 13.8x | 63.3x | 3.7x |
| Mon, 04 Nov 2024 | ฿2.1t | ฿596.5b | ฿35.4b | 16.7x | 58x | 3.4x |
| Wed, 02 Oct 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17.5x | 48.5x | 2.9x |
| Fri, 30 Aug 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 13.8x | 46.2x | 2.7x |
| Sun, 28 Jul 2024 | ฿1.5t | ฿595.9b | ฿34.0b | 14.2x | 42.8x | 2.4x |
| Tue, 25 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.4x | 44.7x | 2.4x |
| Thu, 23 May 2024 | ฿1.3t | ฿592.4b | ฿32.3b | 16.6x | 40.4x | 2.2x |
| Sat, 20 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.1x | 40.6x | 2.1x |
| Mon, 18 Mar 2024 | ฿1.2t | ฿592.1b | ฿31.2b | 17.4x | 38.7x | 2x |
| Wed, 14 Feb 2024 | ฿1.4t | ฿597.4b | ฿31.7b | 15.9x | 45.7x | 2.4x |
| Fri, 12 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17.5x | 46.2x | 2.5x |
| Sun, 10 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 15x | 43.8x | 2.3x |
| Tue, 07 Nov 2023 | ฿1.4t | ฿615.9b | ฿32.3b | 14.7x | 44.5x | 2.3x |
| Thu, 05 Oct 2023 | ฿1.5t | ฿605.9b | ฿30.8b | 16.1x | 48.4x | 2.5x |
| Sat, 02 Sep 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 19.3x | 58.7x | 3x |
| Mon, 31 Jul 2023 | ฿1.7t | ฿602.8b | ฿31.0b | 15.8x | 56.2x | 2.9x |
| Wed, 28 Jun 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.1x | 51x | 2.6x |
| Fri, 26 May 2023 | ฿1.5t | ฿594.6b | ฿30.6b | 16.5x | 48.1x | 2.5x |
| Sun, 23 Apr 2023 | ฿1.5t | ฿578.6b | ฿30.5b | 18.4x | 49.2x | 2.6x |
| Tue, 21 Mar 2023 | ฿1.6t | ฿578.6b | ฿30.5b | 20.2x | 53.8x | 2.8x |
| Thu, 16 Feb 2023 | ฿1.6t | ฿557.0b | ฿29.1b | 23.8x | 55.6x | 2.9x |
Price to Earnings Ratio
55.6x
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 93.5x which is higher than its 3-year average PE of 55.2x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.5x.
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 | 2.13% | |
| Tech | 0.83% | |
| Electronic Equipment and Components | 0.86% | |
| Tech Hardware | 0% | 0 |
| Software | -0.43% | |
| IT | -0.69% | |
| Semiconductors | -0.83% | |
| Communications | -2.48% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 58.7x.
- Analysts are expecting annual earnings growth of 29.1%, 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 29% 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 7.2% 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) | ฿207.00 | 1.0% +฿24.9b | 81.6% | PE131x | |
| SAMART Samart Corporation | ฿6.15 | 4.2% +฿249.9m | -9.6% | PE13x | |
| SYNEX Synnex (Thailand) | ฿10.10 | 2.5% +฿211.8m | -10.6% | PE11.8x | |
| KCE KCE Electronics | ฿18.90 | 0.5% +฿118.2m | -6.9% | PE22.5x | |
| INET Internet Thailand | ฿3.82 | 3.2% +฿71.6m | -26.5% | PE7.1x |