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Thai (SET) Electronic Manufacturing Services Industry Analysis
UpdatedMar 14, 2026
DataAggregated Company Financials
Companies6
- 7D3.3%
- 3M10.8%
- 1Y-11.9%
- YTDn/a
The Electronic Manufacturing Services industry is up 3.3% in the last week, with Hana Microelectronics up 15%. During this same period, the Forth Corporation underperformed, falling 6.0%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Thai Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Mar 2026 | ฿96.1b | ฿195.5b | ฿4.4b | 22.2x | 21.9x | 0.5x |
| Tue, 10 Feb 2026 | ฿92.5b | ฿200.1b | ฿2.6b | 15x | 36.1x | 0.5x |
| Thu, 08 Jan 2026 | ฿85.6b | ฿200.1b | ฿2.6b | 14.1x | 33.4x | 0.4x |
| Sat, 06 Dec 2025 | ฿88.3b | ฿200.1b | ฿2.6b | 14.5x | 34.5x | 0.4x |
| Mon, 03 Nov 2025 | ฿106.7b | ฿203.2b | ฿2.6b | 22.6x | 41.7x | 0.5x |
| Wed, 01 Oct 2025 | ฿101.6b | ฿203.2b | ฿2.6b | 20.9x | 39.8x | 0.5x |
| Fri, 29 Aug 2025 | ฿104.9b | ฿203.2b | ฿2.6b | 21.6x | 41x | 0.5x |
| Sun, 27 Jul 2025 | ฿109.4b | ฿210.4b | ฿3.6b | 18.2x | 30.1x | 0.5x |
| Tue, 24 Jun 2025 | ฿90.6b | ฿210.4b | ฿3.6b | 15.3x | 24.9x | 0.4x |
| Thu, 22 May 2025 | ฿103.9b | ฿210.4b | ฿3.6b | 17.8x | 28.6x | 0.5x |
| Sat, 19 Apr 2025 | ฿102.5b | ฿209.2b | ฿3.6b | 17.4x | 28.2x | 0.5x |
| Mon, 17 Mar 2025 | ฿109.1b | ฿209.2b | ฿3.6b | 19.1x | 30x | 0.5x |
| Wed, 12 Feb 2025 | ฿129.4b | ฿208.8b | ฿5.0b | 15.8x | 25.9x | 0.6x |
| Fri, 10 Jan 2025 | ฿146.9b | ฿208.7b | ฿4.9b | 17.5x | 30x | 0.7x |
| Sun, 08 Dec 2024 | ฿141.6b | ฿208.7b | ฿4.9b | 19.6x | 28.9x | 0.7x |
| Tue, 05 Nov 2024 | ฿121.4b | ฿206.0b | ฿5.4b | 26.4x | 22.6x | 0.6x |
| Thu, 03 Oct 2024 | ฿115.0b | ฿206.0b | ฿5.4b | 24.4x | 21.4x | 0.6x |
| Sat, 31 Aug 2024 | ฿107.0b | ฿206.0b | ฿5.4b | 22.6x | 20x | 0.5x |
| Mon, 29 Jul 2024 | ฿109.7b | ฿208.8b | ฿5.2b | 18.9x | 21x | 0.5x |
| Wed, 26 Jun 2024 | ฿120.9b | ฿208.8b | ฿5.2b | 20.3x | 23.1x | 0.6x |
| Fri, 24 May 2024 | ฿113.4b | ฿208.8b | ฿5.2b | 17.6x | 21.7x | 0.5x |
| Sun, 21 Apr 2024 | ฿88.5b | ฿215.8b | ฿4.9b | 16.7x | 18.1x | 0.4x |
| Tue, 19 Mar 2024 | ฿93.1b | ฿215.8b | ฿4.9b | 16.8x | 19x | 0.4x |
| Thu, 15 Feb 2024 | ฿112.3b | ฿222.8b | ฿6.2b | 15.5x | 18.2x | 0.5x |
| Sat, 13 Jan 2024 | ฿112.5b | ฿224.7b | ฿6.4b | 14.6x | 17.5x | 0.5x |
| Mon, 11 Dec 2023 | ฿104.3b | ฿224.7b | ฿6.4b | 14x | 16.2x | 0.5x |
| Wed, 08 Nov 2023 | ฿100.2b | ฿241.5b | ฿6.5b | 11.1x | 15.4x | 0.4x |
| Fri, 06 Oct 2023 | ฿109.9b | ฿241.1b | ฿6.4b | 13.9x | 17.1x | 0.5x |
| Sun, 03 Sep 2023 | ฿118.1b | ฿241.1b | ฿6.4b | 14.5x | 18.4x | 0.5x |
| Tue, 01 Aug 2023 | ฿105.7b | ฿240.5b | ฿5.8b | 14.6x | 18.2x | 0.4x |
| Thu, 29 Jun 2023 | ฿94.7b | ฿240.5b | ฿5.8b | 13.5x | 16.3x | 0.4x |
| Sat, 27 May 2023 | ฿101.4b | ฿240.5b | ฿5.8b | 15.8x | 17.5x | 0.4x |
| Mon, 24 Apr 2023 | ฿105.5b | ฿241.1b | ฿6.1b | 16x | 17.4x | 0.4x |
| Wed, 22 Mar 2023 | ฿110.6b | ฿241.2b | ฿6.1b | 15.6x | 18.2x | 0.5x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are pessimistic on the Thai Electronic Manufacturing Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.9x which is lower than its 3-year average PE of 24.7x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have declined 10% per year over the last three years,
- Revenues have also declined 6.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Electronic Manufacturing Services compare with similar industries?
| TH Market | -0.072% | |
| Tech | 0.15% | |
| Electronic Equipment and Components | 0.16% | |
| Electronic Manufacturing Services | 3.34% | |
| Technology Distributors | 1.40% | |
| Electronic Components | 0.049% | |
| Electronic Equipment and Instruments | -4.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 | ฿24.70 | 15.4% +฿2.9b | 42.8% | PE32.6x | |
| CCET Cal-Comp Electronics (Thailand) | ฿4.70 | 1.3% +฿627.0m | -27.7% | PE24x | |
| SMT Stars Microelectronics (Thailand) | ฿1.33 | 5.6% +฿56.9m | 16.7% | PS0.5x |