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Thai (SET) Electronic Manufacturing Services Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies6
- 7D2.9%
- 3M-18.1%
- 1Y-40.2%
- YTDn/a
The Electronic Manufacturing Services industry is up 2.9% in the last week, with Cal-Comp Electronics (Thailand) up 4.8%. During this same period, the Forth Corporation underperformed, falling 8.4%. In the past year, the industry is down 40%. Looking forward, earnings are forecast to grow by 37% 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, 25 Dec 2025 | ฿88.0b | ฿200.1b | ฿2.6b | 14x | 34.3x | 0.4x |
| Sat, 22 Nov 2025 | ฿90.1b | ฿200.1b | ฿2.6b | 14.3x | 35.1x | 0.5x |
| Mon, 20 Oct 2025 | ฿104.1b | ฿203.2b | ฿2.6b | 21.8x | 40.7x | 0.5x |
| Wed, 17 Sep 2025 | ฿110.0b | ฿203.2b | ฿2.6b | 22.3x | 43x | 0.5x |
| Fri, 15 Aug 2025 | ฿106.2b | ฿205.6b | ฿2.9b | 22.1x | 36.9x | 0.5x |
| Sun, 13 Jul 2025 | ฿98.8b | ฿210.4b | ฿3.6b | 16.4x | 27.2x | 0.5x |
| Tue, 10 Jun 2025 | ฿93.9b | ฿210.4b | ฿3.6b | 15.7x | 25.8x | 0.4x |
| Thu, 08 May 2025 | ฿113.1b | ฿209.2b | ฿3.6b | 19.1x | 31.1x | 0.5x |
| Sat, 05 Apr 2025 | ฿91.7b | ฿209.2b | ฿3.6b | 15.8x | 25.2x | 0.4x |
| Mon, 03 Mar 2025 | ฿100.3b | ฿209.0b | ฿3.6b | 17.1x | 27.5x | 0.5x |
| Wed, 29 Jan 2025 | ฿133.1b | ฿208.7b | ฿4.9b | 17.3x | 27.2x | 0.6x |
| Fri, 27 Dec 2024 | ฿151.6b | ฿208.7b | ฿4.9b | 18.5x | 31x | 0.7x |
| Sun, 24 Nov 2024 | ฿145.6b | ฿208.6b | ฿4.9b | 20.1x | 29.7x | 0.7x |
| Tue, 22 Oct 2024 | ฿124.8b | ฿206.0b | ฿5.4b | 27.2x | 23.3x | 0.6x |
| Thu, 19 Sep 2024 | ฿109.4b | ฿206.0b | ฿5.4b | 22.5x | 20.4x | 0.5x |
| Sat, 17 Aug 2024 | ฿102.7b | ฿206.1b | ฿5.4b | 21.7x | 19.2x | 0.5x |
| Mon, 15 Jul 2024 | ฿120.0b | ฿208.8b | ฿5.2b | 20.5x | 23x | 0.6x |
| Wed, 12 Jun 2024 | ฿111.4b | ฿208.8b | ฿5.2b | 18.3x | 21.3x | 0.5x |
| Fri, 10 May 2024 | ฿94.9b | ฿215.7b | ฿4.9b | 17.8x | 19.3x | 0.4x |
| Sun, 07 Apr 2024 | ฿92.6b | ฿215.8b | ฿4.9b | 17.3x | 18.9x | 0.4x |
| Tue, 05 Mar 2024 | ฿92.1b | ฿215.8b | ฿4.9b | 16.4x | 18.8x | 0.4x |
| Thu, 01 Feb 2024 | ฿106.6b | ฿224.7b | ฿6.4b | 13.8x | 16.6x | 0.5x |
| Sat, 30 Dec 2023 | ฿111.9b | ฿224.7b | ฿6.4b | 15x | 17.4x | 0.5x |
| Mon, 27 Nov 2023 | ฿96.0b | ฿224.7b | ฿6.4b | 13.1x | 14.9x | 0.4x |
| Wed, 25 Oct 2023 | ฿101.4b | ฿241.7b | ฿6.5b | 10.8x | 15.6x | 0.4x |
| Fri, 22 Sep 2023 | ฿111.4b | ฿241.1b | ฿6.4b | 13.8x | 17.3x | 0.5x |
| Sun, 20 Aug 2023 | ฿112.3b | ฿241.1b | ฿6.4b | 13.9x | 17.5x | 0.5x |
| Tue, 18 Jul 2023 | ฿100.6b | ฿240.5b | ฿5.8b | 14.1x | 17.3x | 0.4x |
| Thu, 15 Jun 2023 | ฿104.9b | ฿240.5b | ฿5.8b | 15.1x | 18.1x | 0.4x |
| Sat, 13 May 2023 | ฿98.1b | ฿241.2b | ฿6.1b | 14.8x | 16.1x | 0.4x |
| Mon, 10 Apr 2023 | ฿110.9b | ฿241.1b | ฿6.1b | 15.6x | 18.3x | 0.5x |
| Wed, 08 Mar 2023 | ฿121.2b | ฿240.1b | ฿4.9b | 16x | 24.5x | 0.5x |
| Fri, 03 Feb 2023 | ฿140.3b | ฿229.6b | ฿4.5b | 30.9x | 31x | 0.6x |
| Sun, 01 Jan 2023 | ฿114.1b | ฿229.6b | ฿4.5b | 26.9x | 25.2x | 0.5x |
Price to Earnings Ratio
25.2x
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 34.3x which is higher than its 3-year average PE of 24.3x.
- 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 17% per year over the last three years,
- Revenues have also declined 4.5% 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 | 1.48% | |
| Tech | 2.23% | |
| Electronic Equipment and Components | 2.29% | |
| Electronic Manufacturing Services | 2.93% | |
| Electronic Equipment and Instruments | 2.38% | |
| Technology Distributors | 2.27% | |
| Electronic Components | 2.27% | |
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 | |
|---|---|---|---|---|---|
| CCET Cal-Comp Electronics (Thailand) | ฿4.62 | 4.5% +฿2.1b | -51.9% | PE21.6x | |
| HANA Hana Microelectronics | ฿16.30 | 1.9% +฿265.6m | -36.1% | PS0.7x | |
| TEAM Team Precision | ฿2.26 | 2.7% +฿38.2m | -16.3% | PE7.4x |