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Thai (SET) Electronic Equipment and Components Industry Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies25
- 7D5.2%
- 3M0.8%
- 1Y77.8%
- YTD17.7%
In the last week, the Electronic Equipment and Components industry is up 4.9%, with Delta Electronics (Thailand) up 5.3%. Meanwhile, Muramoto Electron (Thailand) actually underperformed within the industry, shrinking 16% in the last week. This takes the industry's 12 month performance to a gain of 76%. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the Thai Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | ฿2.9t | ฿556.6b | ฿26.2b | 12.9x | 111.8x | 5.3x |
| Sat, 10 Jan 2026 | ฿2.2t | ฿556.6b | ฿26.2b | 11.6x | 85x | 4x |
| Mon, 08 Dec 2025 | ฿2.7t | ฿556.6b | ฿26.2b | 11.6x | 101.6x | 4.8x |
| Wed, 05 Nov 2025 | ฿3.0t | ฿557.7b | ฿25.7b | 12.7x | 115.7x | 5.3x |
| Fri, 03 Oct 2025 | ฿2.4t | ฿547.8b | ฿24.2b | 13.7x | 97.4x | 4.3x |
| Sun, 31 Aug 2025 | ฿2.1t | ฿547.8b | ฿24.2b | 13.8x | 85.8x | 3.8x |
| Tue, 29 Jul 2025 | ฿2.0t | ฿552.0b | ฿24.8b | 12.8x | 79.9x | 3.6x |
| Thu, 26 Jun 2025 | ฿1.5t | ฿549.3b | ฿26.7b | 11.9x | 55.7x | 2.7x |
| Sat, 24 May 2025 | ฿1.5t | ฿549.3b | ฿26.7b | 12.5x | 57x | 2.8x |
| Mon, 21 Apr 2025 | ฿1.0t | ฿541.5b | ฿25.9b | 14.1x | 40.3x | 1.9x |
| Wed, 19 Mar 2025 | ฿1.1t | ฿541.5b | ฿25.9b | 14.7x | 41.7x | 2x |
| Fri, 14 Feb 2025 | ฿1.7t | ฿534.9b | ฿31.9b | 13x | 52x | 3.1x |
| Sun, 12 Jan 2025 | ฿2.2t | ฿534.8b | ฿31.7b | 13.9x | 69.5x | 4.1x |
| Tue, 10 Dec 2024 | ฿2.2t | ฿534.8b | ฿31.7b | 14.9x | 68x | 4x |
| Thu, 07 Nov 2024 | ฿2.2t | ฿532.5b | ฿32.2b | 20.8x | 68.3x | 4.1x |
| Sat, 05 Oct 2024 | ฿1.6t | ฿529.5b | ฿31.7b | 20.8x | 50.3x | 3x |
| Mon, 02 Sep 2024 | ฿1.6t | ฿529.5b | ฿31.7b | 20.9x | 49.3x | 3x |
| Wed, 31 Jul 2024 | ฿1.5t | ฿533.5b | ฿31.1b | 17.7x | 47.5x | 2.8x |
| Fri, 28 Jun 2024 | ฿1.3t | ฿527.5b | ฿29.2b | 19.5x | 44.3x | 2.5x |
| Sun, 26 May 2024 | ฿1.2t | ฿528.3b | ฿29.3b | 17.7x | 40.5x | 2.2x |
| Tue, 23 Apr 2024 | ฿1.1t | ฿529.3b | ฿27.9b | 18.1x | 39.1x | 2.1x |
| Thu, 21 Mar 2024 | ฿1.1t | ฿529.3b | ฿27.9b | 17.5x | 38.3x | 2x |
| Sat, 17 Feb 2024 | ฿1.2t | ฿541.0b | ฿28.9b | 15.8x | 42.3x | 2.3x |
| Mon, 15 Jan 2024 | ฿1.3t | ฿541.0b | ฿28.9b | 19.6x | 46.4x | 2.5x |
| Wed, 13 Dec 2023 | ฿1.3t | ฿541.0b | ฿28.9b | 16.8x | 45.1x | 2.4x |
| Fri, 10 Nov 2023 | ฿1.3t | ฿559.8b | ฿29.3b | 17.3x | 44.5x | 2.3x |
| Sun, 08 Oct 2023 | ฿1.3t | ฿550.3b | ฿27.9b | 18.3x | 46.3x | 2.4x |
| Tue, 05 Sep 2023 | ฿1.7t | ฿550.3b | ฿27.9b | 19.9x | 59.6x | 3x |
| Thu, 03 Aug 2023 | ฿1.7t | ฿550.8b | ฿28.2b | 19.8x | 60.1x | 3.1x |
| Sat, 01 Jul 2023 | ฿1.4t | ฿542.8b | ฿27.8b | 17.6x | 50.5x | 2.6x |
| Mon, 29 May 2023 | ฿1.4t | ฿542.8b | ฿27.8b | 18x | 51.4x | 2.6x |
| Wed, 26 Apr 2023 | ฿1.4t | ฿533.5b | ฿28.1b | 16.2x | 48.5x | 2.6x |
| Fri, 24 Mar 2023 | ฿1.5t | ฿533.6b | ฿28.1b | 19x | 54.4x | 2.9x |
| Sun, 19 Feb 2023 | ฿1.5t | ฿506.9b | ฿25.3b | 23.6x | 59.9x | 3x |
Price to Earnings Ratio
59.9x
Current Industry PE
- Investors are optimistic on the Thai Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 111x which is higher than its 3-year average PE of 58.9x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.2% 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 industry?
| TH Market | 4.86% | |
| Tech | 5.21% | |
| Electronic Equipment and Components | 5.16% | |
| Electronic Components | 5.19% | |
| Electronic Manufacturing Services | 5.02% | |
| Technology Distributors | 4.09% | |
| Electronic Equipment and Instruments | -0.79% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 72.7x.
- Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings decline of 8.3% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 29.4x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 2.5% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 5.9% 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) | ฿220.00 | 5.3% +฿137.2b | 93.0% | PE139.2x | |
| CCET Cal-Comp Electronics (Thailand) | ฿5.00 | 5.0% +฿2.5b | -38.3% | PE23.4x | |
| FORTH Forth Corporation | ฿7.95 | 40.7% +฿2.2b | -4.2% | PE12.3x | |
| DITTO Ditto (Thailand) | ฿12.60 | 12.5% +฿971.5m | 0.8% | PE15x | |
| JMART Jaymart Group Holdings | ฿7.65 | 8.5% +฿878.4m | -23.5% | PE17.4x |