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Thai (SET) Tech Sector Analysis
UpdatedMar 11, 2026
DataAggregated Company Financials
Companies56
- 7D-3.8%
- 3M27.5%
- 1Y188.2%
- YTD35.2%
Over the last 7 days, the Tech industry has dropped 7.9%, driven by a pullback from Delta Electronics (Thailand) of 4.1%. Meanwhile, Hana Microelectronics actually outperformed within the industry, gaining 23% in the last week. This takes the industry's 12 month performance to a gain of 170%. As for the next few years, earnings are expected to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Wed, 11 Mar 2026 | ฿3.4t | ฿636.7b | ฿34.8b | 12.1x | 98.7x | 5.4x |
| Fri, 06 Feb 2026 | ฿2.7t | ฿626.4b | ฿30.0b | 11.5x | 91.5x | 4.4x |
| Sun, 04 Jan 2026 | ฿2.4t | ฿626.4b | ฿30.0b | 11.6x | 79.3x | 3.8x |
| Tue, 02 Dec 2025 | ฿2.8t | ฿626.4b | ฿30.0b | 11.6x | 93.8x | 4.5x |
| Thu, 30 Oct 2025 | ฿3.1t | ฿626.6b | ฿29.8b | 12.5x | 103.4x | 4.9x |
| Sat, 27 Sep 2025 | ฿2.2t | ฿616.5b | ฿28.3b | 12.9x | 78.9x | 3.6x |
| Mon, 25 Aug 2025 | ฿2.2t | ฿616.5b | ฿28.3b | 13.1x | 76x | 3.5x |
| Wed, 23 Jul 2025 | ฿2.0t | ฿618.2b | ฿30.9b | 12.5x | 63.5x | 3.2x |
| Fri, 20 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11.4x | 47.3x | 2.3x |
| Sun, 18 May 2025 | ฿1.7t | ฿618.7b | ฿30.3b | 13.2x | 55.3x | 2.7x |
| Tue, 15 Apr 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.2x | 36.6x | 1.8x |
| Thu, 13 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.9x | 37.7x | 1.8x |
| Sat, 08 Feb 2025 | ฿1.7t | ฿600.0b | ฿34.9b | 12.6x | 49x | 2.8x |
| Mon, 06 Jan 2025 | ฿2.1t | ฿600.0b | ฿34.9b | 13.6x | 60.7x | 3.5x |
| Wed, 04 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 14.2x | 63.7x | 3.7x |
| Fri, 01 Nov 2024 | ฿2.0t | ฿596.5b | ฿35.4b | 16.8x | 55.5x | 3.3x |
| Sun, 29 Sep 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17.2x | 48.3x | 2.8x |
| Tue, 27 Aug 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 15.1x | 45.3x | 2.7x |
| Thu, 25 Jul 2024 | ฿1.4t | ฿590.0b | ฿32.1b | 14.1x | 44.9x | 2.4x |
| Sat, 22 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 15.3x | 44x | 2.4x |
| Mon, 20 May 2024 | ฿1.3t | ฿592.7b | ฿32.3b | 16.9x | 41.4x | 2.3x |
| Wed, 17 Apr 2024 | ฿1.3t | ฿592.1b | ฿31.2b | 16.8x | 42.6x | 2.2x |
| Fri, 15 Mar 2024 | ฿1.2t | ฿592.1b | ฿31.2b | 17.7x | 39.9x | 2.1x |
| Sun, 11 Feb 2024 | ฿1.4t | ฿596.6b | ฿32.0b | 15.8x | 44.4x | 2.4x |
| Tue, 09 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17.4x | 46x | 2.5x |
| Thu, 07 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 14.9x | 42.6x | 2.3x |
| Sat, 04 Nov 2023 | ฿1.4t | ฿615.9b | ฿32.3b | 14.9x | 44.2x | 2.3x |
| Mon, 02 Oct 2023 | ฿1.4t | ฿605.9b | ฿30.8b | 16.7x | 46.7x | 2.4x |
| Wed, 30 Aug 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 18.4x | 58.1x | 3x |
| Fri, 28 Jul 2023 | ฿1.7t | ฿594.8b | ฿30.6b | 15.8x | 56.9x | 2.9x |
| Sun, 25 Jun 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 15.5x | 52.3x | 2.7x |
| Tue, 23 May 2023 | ฿1.5t | ฿595.2b | ฿30.6b | 16.1x | 48.1x | 2.5x |
| Thu, 20 Apr 2023 | ฿1.6t | ฿578.6b | ฿30.5b | 19.5x | 53.2x | 2.8x |
| Sat, 18 Mar 2023 | ฿1.7t | ฿586.1b | ฿32.3b | 20.1x | 52.3x | 2.9x |
Price to Earnings Ratio
52.3x
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 94.5x which is higher than its 3-year average PE of 56.3x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 2.5% per year over the last three years.
- Revenues for these companies have grown 2.8% 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 | -4.15% | |
| Tech | -3.85% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | 0% | 0 |
| IT | -2.09% | |
| Communications | -2.48% | |
| Electronic Equipment and Components | -3.87% | |
| Software | -4.94% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 60.1x.
- Analysts are expecting annual earnings growth of 20.1%, which is lower than the prior year's growth of 28.2% 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 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Software industry is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|
| HANA Hana Microelectronics | ฿23.60 | 22.9% +฿3.9b | 33.3% | PE31.2x | |
| KCE KCE Electronics | ฿19.50 | 7.1% +฿1.5b | -0.5% | PE27.7x | |
| JMART Jaymart Group Holdings | ฿7.40 | 8.0% +฿805.2m | -26.7% | PS0.7x | |
| SVI SVI | ฿7.40 | 0.7% +฿107.7m | -3.9% | PE22.4x | |
| SMT Stars Microelectronics (Thailand) | ฿1.29 | 6.6% +฿65.1m | 9.3% | PS0.5x |