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Thai (SET) Electronic Manufacturing Services Industry Analysis
UpdatedMar 16, 2026
DataAggregated Company Financials
Companies6
- 7D3.3%
- 3M9.9%
- 1Y-11.9%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has risen 3.3%, driven by gains from Hana Microelectronics of 15%. Meanwhile, Forth Corporation actually underperformed within the industry, shrinking 6.0% in the last week. In the past year, the industry is down 12%. Looking forward, earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Mon, 16 Mar 2026 | ฿96.1b | ฿195.5b | ฿4.4b | 22.2x | 21.9x | 0.5x |
| Wed, 11 Feb 2026 | ฿94.9b | ฿200.1b | ฿2.6b | 15.6x | 37x | 0.5x |
| Fri, 09 Jan 2026 | ฿84.2b | ฿200.1b | ฿2.6b | 14x | 32.8x | 0.4x |
| Sun, 07 Dec 2025 | ฿88.3b | ฿200.1b | ฿2.6b | 14.5x | 34.5x | 0.4x |
| Tue, 04 Nov 2025 | ฿108.0b | ฿203.2b | ฿2.6b | 23.9x | 42.3x | 0.5x |
| Thu, 02 Oct 2025 | ฿98.4b | ฿203.2b | ฿2.6b | 20.4x | 38.5x | 0.5x |
| Sat, 30 Aug 2025 | ฿103.8b | ฿203.2b | ฿2.6b | 21.4x | 40.6x | 0.5x |
| Mon, 28 Jul 2025 | ฿109.4b | ฿210.4b | ฿3.6b | 18.2x | 30.1x | 0.5x |
| Wed, 25 Jun 2025 | ฿95.3b | ฿210.4b | ฿3.6b | 16.1x | 26.2x | 0.5x |
| Fri, 23 May 2025 | ฿102.2b | ฿210.4b | ฿3.6b | 17.4x | 28.1x | 0.5x |
| Sun, 20 Apr 2025 | ฿102.5b | ฿209.2b | ฿3.6b | 17.4x | 28.2x | 0.5x |
| Tue, 18 Mar 2025 | ฿104.9b | ฿209.2b | ฿3.6b | 18.2x | 28.8x | 0.5x |
| Thu, 13 Feb 2025 | ฿129.4b | ฿208.8b | ฿5.0b | 15.8x | 25.9x | 0.6x |
| Sat, 11 Jan 2025 | ฿148.6b | ฿208.7b | ฿4.9b | 17.3x | 30.3x | 0.7x |
| Mon, 09 Dec 2024 | ฿141.6b | ฿208.7b | ฿4.9b | 19.6x | 28.9x | 0.7x |
| Wed, 06 Nov 2024 | ฿126.3b | ฿206.0b | ฿5.4b | 27.7x | 23.6x | 0.6x |
| Fri, 04 Oct 2024 | ฿109.4b | ฿206.0b | ฿5.4b | 23.2x | 20.4x | 0.5x |
| Sun, 01 Sep 2024 | ฿107.0b | ฿206.0b | ฿5.4b | 22.6x | 20x | 0.5x |
| Tue, 30 Jul 2024 | ฿109.7b | ฿208.8b | ฿5.2b | 18.9x | 21x | 0.5x |
| Thu, 27 Jun 2024 | ฿120.9b | ฿208.8b | ฿5.2b | 20.2x | 23.1x | 0.6x |
| Sat, 25 May 2024 | ฿111.0b | ฿208.8b | ฿5.2b | 17.4x | 21.2x | 0.5x |
| Mon, 22 Apr 2024 | ฿88.5b | ฿215.8b | ฿4.9b | 16.7x | 18.1x | 0.4x |
| Wed, 20 Mar 2024 | ฿92.8b | ฿215.8b | ฿4.9b | 16.5x | 19x | 0.4x |
| Fri, 16 Feb 2024 | ฿111.5b | ฿222.8b | ฿6.2b | 15.6x | 18.1x | 0.5x |
| Sun, 14 Jan 2024 | ฿112.5b | ฿224.7b | ฿6.4b | 14.6x | 17.5x | 0.5x |
| Tue, 12 Dec 2023 | ฿104.3b | ฿224.7b | ฿6.4b | 14x | 16.2x | 0.5x |
| Thu, 09 Nov 2023 | ฿99.7b | ฿241.5b | ฿6.5b | 11.3x | 15.4x | 0.4x |
| Sat, 07 Oct 2023 | ฿108.7b | ฿241.1b | ฿6.4b | 13.5x | 16.9x | 0.5x |
| Mon, 04 Sep 2023 | ฿118.1b | ฿241.1b | ฿6.4b | 14.5x | 18.4x | 0.5x |
| Wed, 02 Aug 2023 | ฿105.7b | ฿240.5b | ฿5.8b | 14.6x | 18.2x | 0.4x |
| Fri, 30 Jun 2023 | ฿98.0b | ฿240.5b | ฿5.8b | 14x | 16.9x | 0.4x |
| Sun, 28 May 2023 | ฿101.4b | ฿240.5b | ฿5.8b | 15.8x | 17.5x | 0.4x |
| Tue, 25 Apr 2023 | ฿104.0b | ฿241.1b | ฿6.1b | 15.8x | 17.1x | 0.4x |
| Thu, 23 Mar 2023 | ฿112.0b | ฿241.2b | ฿6.1b | 15.8x | 18.5x | 0.5x |
Price to Earnings Ratio
18.5x
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 | -0.064% | |
| 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 |