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Thai (SET) Electronic Equipment and Components Industry Analysis
UpdatedDec 20, 2025
DataAggregated Company Financials
Companies25
- 7D-6.7%
- 3M2.6%
- 1Y7.5%
- YTD14.3%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 8.6%, driven by a pullback from Delta Electronics (Thailand) of 9.2%. In contrast, TWZ Corporation has gained 50%. Over the past 12 months, the industry was up 6.0%. Looking forward, earnings are forecast to grow by 27% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 20 Dec 2025 | ฿2.3t | ฿556.6b | ฿26.2b | 11.8x | 87.1x | 4.1x |
| Mon, 17 Nov 2025 | ฿2.8t | ฿553.8b | ฿25.4b | 12.1x | 110.7x | 5.1x |
| Wed, 15 Oct 2025 | ฿2.5t | ฿547.8b | ฿24.2b | 12.9x | 101.5x | 4.5x |
| Fri, 12 Sep 2025 | ฿2.1t | ฿547.8b | ฿24.2b | 13.8x | 88.7x | 3.9x |
| Sun, 10 Aug 2025 | ฿2.0t | ฿551.0b | ฿24.3b | 14.5x | 82.7x | 3.6x |
| Tue, 08 Jul 2025 | ฿1.6t | ฿549.3b | ฿26.7b | 12.5x | 58.8x | 2.9x |
| Thu, 05 Jun 2025 | ฿1.4t | ฿549.3b | ฿26.7b | 12.6x | 50.6x | 2.5x |
| Sat, 03 May 2025 | ฿1.5t | ฿546.2b | ฿27.1b | 14.2x | 53.8x | 2.7x |
| Mon, 31 Mar 2025 | ฿1.0t | ฿541.5b | ฿25.9b | 13.2x | 40.4x | 1.9x |
| Wed, 26 Feb 2025 | ฿1.1t | ฿538.7b | ฿27.3b | 13.1x | 41.9x | 2.1x |
| Fri, 24 Jan 2025 | ฿2.1t | ฿534.8b | ฿31.7b | 13.9x | 65.3x | 3.9x |
| Sun, 22 Dec 2024 | ฿2.1t | ฿534.8b | ฿31.7b | 14.2x | 67x | 4x |
| Tue, 19 Nov 2024 | ฿2.3t | ฿536.0b | ฿31.2b | 17.3x | 74.7x | 4.3x |
| Thu, 17 Oct 2024 | ฿1.8t | ฿529.5b | ฿31.7b | 21.4x | 56.8x | 3.4x |
| Sat, 14 Sep 2024 | ฿1.5t | ฿529.5b | ฿31.7b | 20.8x | 48.3x | 2.9x |
| Mon, 12 Aug 2024 | ฿1.5t | ฿532.5b | ฿32.3b | 14.8x | 45.9x | 2.8x |
| Wed, 10 Jul 2024 | ฿1.3t | ฿527.5b | ฿29.2b | 19.7x | 45.4x | 2.5x |
| Fri, 07 Jun 2024 | ฿1.2t | ฿527.6b | ฿29.2b | 16.9x | 40.4x | 2.2x |
| Sun, 05 May 2024 | ฿1.1t | ฿535.1b | ฿28.6b | 18.8x | 38.8x | 2.1x |
| Tue, 02 Apr 2024 | ฿1.2t | ฿529.3b | ฿27.9b | 19.3x | 42x | 2.2x |
| Thu, 29 Feb 2024 | ฿1.1t | ฿530.2b | ฿27.8b | 17.4x | 39.5x | 2.1x |
| Sat, 27 Jan 2024 | ฿1.3t | ฿541.0b | ฿28.9b | 18.7x | 44.5x | 2.4x |
| Mon, 25 Dec 2023 | ฿1.4t | ฿541.0b | ฿28.9b | 19.2x | 49.6x | 2.7x |
| Wed, 22 Nov 2023 | ฿1.3t | ฿542.3b | ฿29.2b | 14.7x | 44.8x | 2.4x |
| Fri, 20 Oct 2023 | ฿1.3t | ฿550.3b | ฿27.9b | 17.5x | 47.2x | 2.4x |
| Sun, 17 Sep 2023 | ฿1.7t | ฿550.3b | ฿27.9b | 20.1x | 59.1x | 3x |
| Tue, 15 Aug 2023 | ฿1.6t | ฿549.7b | ฿28.4b | 18.6x | 56.3x | 2.9x |
| Thu, 13 Jul 2023 | ฿1.5t | ฿542.8b | ฿27.8b | 17.1x | 53.2x | 2.7x |
| Sat, 10 Jun 2023 | ฿1.5t | ฿542.8b | ฿27.8b | 18.2x | 53.9x | 2.8x |
| Mon, 08 May 2023 | ฿1.2t | ฿541.3b | ฿28.9b | 16x | 41.7x | 2.2x |
| Wed, 05 Apr 2023 | ฿1.5t | ฿533.5b | ฿28.1b | 18.7x | 53.3x | 2.8x |
| Fri, 03 Mar 2023 | ฿1.6t | ฿528.5b | ฿26.5b | 22.2x | 59x | 3x |
| Sun, 29 Jan 2023 | ฿1.4t | ฿505.3b | ฿25.3b | 23.5x | 56.1x | 2.8x |
| Tue, 27 Dec 2022 | ฿1.2t | ฿505.3b | ฿25.3b | 21.6x | 47.1x | 2.4x |
Price to Earnings Ratio
47.1x
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 86.6x which is higher than its 3-year average PE of 56.9x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.1x.
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 3.3% 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 | -0.16% | |
| Tech | -6.53% | |
| Electronic Equipment and Components | -6.67% | |
| Technology Distributors | -0.23% | |
| Electronic Manufacturing Services | -1.54% | |
| Electronic Components | -6.99% | |
| Electronic Equipment and Instruments | -8.57% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 70.3x.
- Analysts are expecting annual earnings growth of 27.2%, 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 30.0x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 37% 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 6.4% 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 | |
|---|---|---|---|---|---|
| KCE KCE Electronics | ฿21.00 | 2.4% +฿591.0m | -10.3% | PE25x | |
| NEX Nex Point | ฿1.14 | 3.6% +฿238.5m | 83.9% | PS9.1x | |
| HANA Hana Microelectronics | ฿16.30 | 1.2% +฿177.1m | -32.1% | PS0.7x | |
| SIS SiS Distribution (Thailand) | ฿19.70 | 1.5% +฿105.1m | -30.9% | PE8.2x | |
| SYNEX Synnex (Thailand) | ฿9.95 | 1.0% +฿84.7m | -29.4% | PE11.7x |