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Thai (SET) Electronic Equipment and Components Industry Analysis
UpdatedDec 19, 2025
DataAggregated Company Financials
Companies25
- 7D-8.6%
- 3M2.0%
- 1Y6.0%
- YTD13.6%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 8.6%, driven by Delta Electronics (Thailand) declining 9.2%. Meanwhile, TWZ Corporation actually outperformed within the industry, gaining 50% in the last week. Over the past 12 months, the industry was up 6.0%. As for the next few years, earnings are expected to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Dec 2025 | ฿2.3t | ฿556.6b | ฿26.2b | 11.9x | 86.6x | 4.1x |
| Sun, 16 Nov 2025 | ฿2.8t | ฿553.6b | ฿25.7b | 12.1x | 109.5x | 5.1x |
| Tue, 14 Oct 2025 | ฿2.4t | ฿547.8b | ฿24.2b | 13x | 101.2x | 4.5x |
| Thu, 11 Sep 2025 | ฿2.1t | ฿547.8b | ฿24.2b | 13.9x | 85.2x | 3.8x |
| Sat, 09 Aug 2025 | ฿2.0t | ฿550.4b | ฿24.4b | 14.5x | 82.4x | 3.6x |
| Mon, 07 Jul 2025 | ฿1.6t | ฿549.3b | ฿26.7b | 12.6x | 58.3x | 2.8x |
| Wed, 04 Jun 2025 | ฿1.5t | ฿549.3b | ฿26.7b | 12.9x | 55.3x | 2.7x |
| Fri, 02 May 2025 | ฿1.4t | ฿546.2b | ฿27.1b | 14x | 52.2x | 2.6x |
| Sun, 30 Mar 2025 | ฿1.0t | ฿541.5b | ฿25.9b | 13.2x | 40.4x | 1.9x |
| Tue, 25 Feb 2025 | ฿1.2t | ฿540.7b | ฿30.0b | 13.2x | 38.6x | 2.1x |
| Thu, 23 Jan 2025 | ฿2.1t | ฿534.8b | ฿31.7b | 13.9x | 65.4x | 3.9x |
| Sat, 21 Dec 2024 | ฿2.1t | ฿534.8b | ฿31.7b | 14.2x | 67x | 4x |
| Mon, 18 Nov 2024 | ฿2.3t | ฿536.0b | ฿31.2b | 17.2x | 74.2x | 4.3x |
| Wed, 16 Oct 2024 | ฿1.8t | ฿529.5b | ฿31.7b | 21.1x | 55.9x | 3.3x |
| Fri, 13 Sep 2024 | ฿1.5t | ฿529.5b | ฿31.7b | 20.9x | 48.5x | 2.9x |
| Sun, 11 Aug 2024 | ฿1.5t | ฿532.5b | ฿32.3b | 14.8x | 45.9x | 2.8x |
| Tue, 09 Jul 2024 | ฿1.3t | ฿527.5b | ฿29.2b | 20x | 45.4x | 2.5x |
| Thu, 06 Jun 2024 | ฿1.1t | ฿527.6b | ฿29.2b | 17.6x | 39x | 2.2x |
| Sat, 04 May 2024 | ฿1.1t | ฿535.1b | ฿28.6b | 18.8x | 38.8x | 2.1x |
| Mon, 01 Apr 2024 | ฿1.2t | ฿529.3b | ฿27.9b | 18.3x | 42x | 2.2x |
| Wed, 28 Feb 2024 | ฿1.2t | ฿536.5b | ฿28.8b | 16.2x | 40.7x | 2.2x |
| Fri, 26 Jan 2024 | ฿1.3t | ฿541.0b | ฿28.9b | 18.8x | 44.8x | 2.4x |
| Sun, 24 Dec 2023 | ฿1.4t | ฿541.0b | ฿28.9b | 19.2x | 49.6x | 2.7x |
| Tue, 21 Nov 2023 | ฿1.3t | ฿541.9b | ฿29.1b | 14.5x | 44.1x | 2.4x |
| Thu, 19 Oct 2023 | ฿1.3t | ฿550.3b | ฿27.9b | 17.4x | 47.5x | 2.4x |
| Sat, 16 Sep 2023 | ฿1.7t | ฿550.3b | ฿27.9b | 20x | 59.1x | 3x |
| Mon, 14 Aug 2023 | ฿1.6t | ฿549.7b | ฿28.4b | 18.6x | 56.3x | 2.9x |
| Wed, 12 Jul 2023 | ฿1.5t | ฿542.8b | ฿27.8b | 17.5x | 54.3x | 2.8x |
| Fri, 09 Jun 2023 | ฿1.6t | ฿542.8b | ฿27.8b | 18.6x | 56.3x | 2.9x |
| Sun, 07 May 2023 | ฿1.2t | ฿541.3b | ฿28.9b | 16x | 41.7x | 2.2x |
| Tue, 04 Apr 2023 | ฿1.5t | ฿533.5b | ฿28.1b | 19.2x | 53.6x | 2.8x |
| Thu, 02 Mar 2023 | ฿1.6t | ฿519.7b | ฿26.1b | 23.6x | 59.6x | 3x |
| Sat, 28 Jan 2023 | ฿1.4t | ฿505.3b | ฿25.3b | 23.5x | 56.1x | 2.8x |
| Mon, 26 Dec 2022 | ฿1.2t | ฿505.3b | ฿25.3b | 21.4x | 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 | -0.27% | |
| Tech | -8.45% | |
| Electronic Equipment and Components | -8.63% | |
| Technology Distributors | 1.23% | |
| Electronic Manufacturing Services | -2.43% | |
| Electronic Components | -9.06% | |
| Electronic Equipment and Instruments | -9.29% | |
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 | |
|---|---|---|---|---|---|
| TWZ TWZ Corporation | ฿0.03 | 50.0% +฿198.6m | 0% | PS0.1x | |
| SAMART Samart Corporation | ฿5.60 | 2.8% +฿151.0m | -15.8% | PE11.9x | |
| SIS SiS Distribution (Thailand) | ฿19.80 | 2.1% +฿140.1m | -32.3% | PE8.2x | |
| SYNEX Synnex (Thailand) | ฿9.95 | 1.5% +฿127.1m | -30.9% | PE11.7x | |
| NEX Nex Point | ฿1.13 | 1.8% +฿119.3m | 79.4% | PS9x |