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Thai (SET) Tech Sector Analysis
UpdatedJan 11, 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 4.6%. 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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | ฿2.3t | ฿626.4b | ฿30.0b | 11.4x | 75.9x | 3.6x |
| Wed, 10 Dec 2025 | ฿2.7t | ฿626.4b | ฿30.0b | 11.6x | 89.6x | 4.3x |
| Fri, 07 Nov 2025 | ฿3.1t | ฿626.6b | ฿29.8b | 12.3x | 104.2x | 5x |
| Sun, 05 Oct 2025 | ฿2.5t | ฿616.5b | ฿28.3b | 12.7x | 87.4x | 4x |
| Tue, 02 Sep 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 12.8x | 74.8x | 3.4x |
| Thu, 31 Jul 2025 | ฿2.1t | ฿620.9b | ฿28.9b | 13.1x | 71.5x | 3.3x |
| Sat, 28 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.3x | 46.5x | 2.3x |
| Mon, 26 May 2025 | ฿1.6t | ฿618.5b | ฿30.6b | 12.6x | 51.7x | 2.6x |
| Wed, 23 Apr 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.1x | 37.4x | 1.8x |
| Fri, 21 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 13.1x | 36.8x | 1.8x |
| Sun, 16 Feb 2025 | ฿1.7t | ฿606.3b | ฿32.8b | 12.7x | 51.6x | 2.8x |
| Tue, 14 Jan 2025 | ฿2.2t | ฿600.0b | ฿34.9b | 13.2x | 62.1x | 3.6x |
| Thu, 12 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 14x | 63.5x | 3.7x |
| Sat, 09 Nov 2024 | ฿2.3t | ฿597.0b | ฿35.4b | 15x | 64.4x | 3.8x |
| Mon, 07 Oct 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17x | 47.9x | 2.8x |
| Wed, 04 Sep 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 14.1x | 47x | 2.8x |
| Fri, 02 Aug 2024 | ฿1.6t | ฿595.9b | ฿34.0b | 13.8x | 46.8x | 2.7x |
| Sun, 30 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.1x | 43.3x | 2.4x |
| Tue, 28 May 2024 | ฿1.3t | ฿592.1b | ฿32.3b | 17.3x | 40.5x | 2.2x |
| Thu, 25 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 15.6x | 40.4x | 2.1x |
| Sat, 23 Mar 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.7x | 41x | 2.2x |
| Mon, 19 Feb 2024 | ฿1.4t | ฿599.5b | ฿32.3b | 15.3x | 42.4x | 2.3x |
| Wed, 17 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17.2x | 45.2x | 2.4x |
| Fri, 15 Dec 2023 | ฿1.5t | ฿599.4b | ฿32.2b | 15.2x | 45.7x | 2.5x |
| Sun, 12 Nov 2023 | ฿1.3t | ฿617.5b | ฿32.3b | 14.7x | 41.5x | 2.2x |
| Tue, 10 Oct 2023 | ฿1.4t | ฿605.7b | ฿30.9b | 15.1x | 44.7x | 2.3x |
| Thu, 07 Sep 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 18.8x | 57.6x | 2.9x |
| Sat, 05 Aug 2023 | ฿1.8t | ฿602.8b | ฿31.0b | 15.4x | 57.5x | 3x |
| Mon, 03 Jul 2023 | ฿1.5t | ฿594.8b | ฿30.6b | 15.2x | 49.4x | 2.5x |
| Wed, 31 May 2023 | ฿1.6t | ฿594.4b | ฿30.5b | 17.3x | 52x | 2.7x |
| Fri, 28 Apr 2023 | ฿460.0b | ฿578.6b | ฿30.5b | 16.5x | 15.1x | 0.8x |
| Sun, 26 Mar 2023 | ฿1.7t | ฿578.6b | ฿30.5b | 20.7x | 54.7x | 2.9x |
| Tue, 21 Feb 2023 | ฿1.7t | ฿558.6b | ฿28.0b | 25.6x | 60.7x | 3x |
| Thu, 19 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 24.7x | 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 57.7x.
- 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 | 4.3% +฿250.8m | 65.0% | PE5.5x | |
| PT Premier Technology | ฿12.40 | 4.2% +฿141.9m | 32.6% | PE10.6x | |
| AIT Advanced Information Technology | ฿4.94 | 1.6% +฿122.9m | 22.9% | PE12.9x | |
| SIMAT Simat Technologies | ฿1.52 | 12.6% +฿110.3m | 10.1% | PE15.1x | |
| SVI SVI | ฿7.35 | 0.7% +฿107.7m | 3.5% | PE19.1x |