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Thai (SET) Electronic Manufacturing Services Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies6
- 7D2.8%
- 3M22.6%
- 1Y-0.1%
- YTDn/a
The Electronic Manufacturing Services industry is up 2.8% in the last week, with Cal-Comp Electronics (Thailand) up 3.4%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 36% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ฿109.3b | ฿203.2b | ฿2.6b | 22x | 42.7x | 0.5x |
| Sat, 16 Aug 2025 | ฿106.3b | ฿203.1b | ฿2.5b | 22.2x | 41.9x | 0.5x |
| Mon, 14 Jul 2025 | ฿98.8b | ฿210.4b | ฿3.6b | 16.4x | 27.2x | 0.5x |
| Wed, 11 Jun 2025 | ฿95.9b | ฿210.4b | ฿3.6b | 16.1x | 26.4x | 0.5x |
| Fri, 09 May 2025 | ฿118.3b | ฿209.2b | ฿3.6b | 20.1x | 32.5x | 0.6x |
| Sun, 06 Apr 2025 | ฿91.7b | ฿209.2b | ฿3.6b | 15.8x | 25.2x | 0.4x |
| Tue, 04 Mar 2025 | ฿104.9b | ฿209.0b | ฿3.6b | 18.1x | 28.8x | 0.5x |
| Thu, 30 Jan 2025 | ฿130.2b | ฿208.7b | ฿4.9b | 17.2x | 26.6x | 0.6x |
| Sat, 28 Dec 2024 | ฿152.9b | ฿208.7b | ฿4.9b | 18.3x | 31.2x | 0.7x |
| Mon, 25 Nov 2024 | ฿145.6b | ฿208.7b | ฿4.9b | 20.1x | 29.7x | 0.7x |
| Wed, 23 Oct 2024 | ฿120.0b | ฿206.0b | ฿5.4b | 26x | 22.4x | 0.6x |
| Fri, 20 Sep 2024 | ฿111.2b | ฿206.0b | ฿5.4b | 23.1x | 20.8x | 0.5x |
| Sun, 18 Aug 2024 | ฿102.7b | ฿206.1b | ฿5.4b | 21.7x | 19.2x | 0.5x |
| Tue, 16 Jul 2024 | ฿119.7b | ฿208.8b | ฿5.2b | 20.5x | 22.9x | 0.6x |
| Thu, 13 Jun 2024 | ฿113.0b | ฿208.8b | ฿5.2b | 19x | 21.6x | 0.5x |
| Sat, 11 May 2024 | ฿97.0b | ฿215.6b | ฿4.9b | 18x | 19.9x | 0.4x |
| Mon, 08 Apr 2024 | ฿92.6b | ฿215.8b | ฿4.9b | 17.3x | 18.9x | 0.4x |
| Wed, 06 Mar 2024 | ฿92.0b | ฿215.8b | ฿4.9b | 16.3x | 18.8x | 0.4x |
| Fri, 02 Feb 2024 | ฿106.8b | ฿224.7b | ฿6.4b | 13.7x | 16.6x | 0.5x |
| Sun, 31 Dec 2023 | ฿111.9b | ฿224.7b | ฿6.4b | 15x | 17.4x | 0.5x |
| Tue, 28 Nov 2023 | ฿95.9b | ฿224.7b | ฿6.4b | 13.2x | 14.9x | 0.4x |
| Thu, 26 Oct 2023 | ฿102.5b | ฿241.7b | ฿6.5b | 11.1x | 15.7x | 0.4x |
| Sat, 23 Sep 2023 | ฿112.7b | ฿241.1b | ฿6.4b | 13.6x | 17.5x | 0.5x |
| Mon, 21 Aug 2023 | ฿112.3b | ฿241.1b | ฿6.4b | 13.9x | 17.5x | 0.5x |
| Wed, 19 Jul 2023 | ฿103.3b | ฿240.5b | ฿5.8b | 14.5x | 17.8x | 0.4x |
| Fri, 16 Jun 2023 | ฿104.1b | ฿240.5b | ฿5.8b | 15x | 17.9x | 0.4x |
| Sun, 14 May 2023 | ฿98.1b | ฿241.2b | ฿6.1b | 14.8x | 16.1x | 0.4x |
| Tue, 11 Apr 2023 | ฿110.9b | ฿241.1b | ฿6.1b | 16x | 18.3x | 0.5x |
| Thu, 09 Mar 2023 | ฿121.1b | ฿240.1b | ฿4.9b | 16.1x | 24.5x | 0.5x |
| Sat, 04 Feb 2023 | ฿139.6b | ฿229.6b | ฿4.5b | 31.5x | 30.9x | 0.6x |
| Mon, 02 Jan 2023 | ฿114.1b | ฿229.6b | ฿4.5b | 26.9x | 25.2x | 0.5x |
| Wed, 30 Nov 2022 | ฿117.7b | ฿229.6b | ฿4.5b | 27.7x | 26x | 0.5x |
| Fri, 28 Oct 2022 | ฿112.5b | ฿207.7b | ฿4.6b | 19.3x | 24.3x | 0.5x |
| Sun, 25 Sep 2022 | ฿119.4b | ฿207.7b | ฿4.6b | 20.2x | 25.8x | 0.6x |
Price to Earnings Ratio
25.8x
Current Industry PE
- Investors are optimistic on the Thai Electronic Manufacturing Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.7x which is higher than its 3-year average PE of 23.1x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have declined 18% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Thai Electronic Manufacturing Services compare with similar industries?
| TH Market | 2.22% | |
| Tech | 8.86% | |
| Electronic Equipment and Components | 9.07% | |
| Electronic Manufacturing Services | 2.84% | |
| Electronic Equipment and Instruments | 10.26% | |
| Electronic Components | 9.72% | |
| Technology Distributors | -0.27% | |
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 | |
|---|---|---|---|---|---|
| FORTH Forth Corporation | ฿9.70 | 18.3% +฿1.4b | -32.6% | PE42.2x | |
| CCET Cal-Comp Electronics (Thailand) | ฿6.15 | 0.8% +฿522.5m | 61.0% | PE26.9x |