Have your own idea? Try our Stock Screener
Thai (SET) IT Industry Analysis
UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies24
- 7D7.1%
- 3M12.1%
- 1Y-17.8%
- YTD14.7%
All of the companies in the IT industry have been up over the last week, with the industry up 8.5%. In the past year, the industry is down 19%. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Thai IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 18 Feb 2026 | ฿47.7b | ฿65.2b | ฿3.4b | 11.1x | 14.1x | 0.7x |
| Fri, 16 Jan 2026 | ฿40.9b | ฿65.3b | ฿3.4b | 10.6x | 12.1x | 0.6x |
| Sun, 14 Dec 2025 | ฿42.2b | ฿65.3b | ฿3.4b | 10.1x | 12.5x | 0.6x |
| Tue, 11 Nov 2025 | ฿42.8b | ฿64.3b | ฿3.5b | 10.8x | 12.2x | 0.7x |
| Thu, 09 Oct 2025 | ฿44.8b | ฿64.2b | ฿3.5b | 11.1x | 12.9x | 0.7x |
| Sat, 06 Sep 2025 | ฿47.1b | ฿64.2b | ฿3.5b | 10.9x | 13.5x | 0.7x |
| Mon, 04 Aug 2025 | ฿45.3b | ฿64.6b | ฿3.6b | 9.9x | 12.6x | 0.7x |
| Wed, 02 Jul 2025 | ฿42.1b | ฿64.6b | ฿3.6b | 10x | 11.7x | 0.7x |
| Fri, 30 May 2025 | ฿46.1b | ฿64.6b | ฿3.6b | 10.4x | 12.8x | 0.7x |
| Sun, 27 Apr 2025 | ฿51.1b | ฿63.2b | ฿3.7b | 10.6x | 13.9x | 0.8x |
| Tue, 25 Mar 2025 | ฿53.0b | ฿63.2b | ฿3.7b | 10.8x | 14.4x | 0.8x |
| Thu, 20 Feb 2025 | ฿57.8b | ฿60.4b | ฿3.2b | 10.9x | 17.9x | 1x |
| Sat, 18 Jan 2025 | ฿52.6b | ฿60.3b | ฿3.2b | 9.9x | 16.6x | 0.9x |
| Mon, 16 Dec 2024 | ฿59.8b | ฿60.3b | ฿3.2b | 10.2x | 18.9x | 1x |
| Wed, 13 Nov 2024 | ฿60.4b | ฿59.7b | ฿3.1b | 11.2x | 19.4x | 1x |
| Fri, 11 Oct 2024 | ฿62.2b | ฿59.2b | ฿3.2b | 11.7x | 19.7x | 1.1x |
| Sun, 08 Sep 2024 | ฿60.3b | ฿59.2b | ฿3.2b | 11.4x | 19.1x | 1x |
| Tue, 06 Aug 2024 | ฿47.7b | ฿57.5b | ฿3.0b | 10.5x | 16x | 0.8x |
| Thu, 04 Jul 2024 | ฿55.4b | ฿57.5b | ฿3.0b | 11.7x | 18.6x | 1x |
| Sat, 01 Jun 2024 | ฿113.7b | ฿58.9b | ฿3.0b | 12.8x | 37.9x | 1.9x |
| Mon, 29 Apr 2024 | ฿105.7b | ฿57.8b | ฿3.3b | 14x | 31.8x | 1.8x |
| Wed, 27 Mar 2024 | ฿113.4b | ฿57.8b | ฿3.3b | 14.6x | 34.1x | 2x |
| Fri, 23 Feb 2024 | ฿128.2b | ฿54.8b | ฿3.5b | 12.4x | 37.1x | 2.3x |
| Sun, 21 Jan 2024 | ฿121.3b | ฿53.7b | ฿3.1b | 12.8x | 38.7x | 2.3x |
| Tue, 19 Dec 2023 | ฿111.0b | ฿53.7b | ฿3.1b | 11.7x | 35.5x | 2.1x |
| Thu, 16 Nov 2023 | ฿103.8b | ฿52.7b | ฿3.0b | 13.5x | 35x | 2x |
| Sat, 14 Oct 2023 | ฿99.9b | ฿51.4b | ฿2.9b | 14.2x | 34.2x | 1.9x |
| Mon, 11 Sep 2023 | ฿106.2b | ฿49.9b | ฿2.8b | 14.3x | 38.1x | 2.1x |
| Wed, 09 Aug 2023 | ฿94.7b | ฿47.7b | ฿2.8b | 14.5x | 34.3x | 2x |
| Fri, 07 Jul 2023 | ฿92.0b | ฿47.7b | ฿2.8b | 14.4x | 33.4x | 1.9x |
| Sun, 04 Jun 2023 | ฿92.7b | ฿47.7b | ฿2.8b | 15x | 33.6x | 1.9x |
| Tue, 02 May 2023 | ฿85.1b | ฿40.3b | ฿2.2b | 14.2x | 37.9x | 2.1x |
| Thu, 30 Mar 2023 | ฿105.5b | ฿40.3b | ฿2.2b | 16.6x | 47x | 2.6x |
| Sat, 25 Feb 2023 | ฿133.5b | ฿45.8b | ฿3.5b | 22.1x | 37.7x | 2.9x |
Price to Earnings Ratio
37.7x
Current Industry PE
- Investors are pessimistic on the Thai IT 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 13.9x which is lower than its 3-year average PE of 24.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.72x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 | 3.54% | |
| Tech | 3.57% | |
| IT | 7.12% | |
| Internet Services and Infrastructure | 16.71% | |
| IT Consulting | 6.20% | |
| Data Processing Services | 2.30% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 8.8%, which is lower than the prior year's growth of 11.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 8.8% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿14.70 | 8.9% +฿860.7m | -28.6% | PE15.5x | |
| BBIK Bluebik Group | ฿20.20 | 18.8% +฿640.0m | -42.7% | PE12.8x | |
| INSET Infraset | ฿2.66 | 23.1% +฿403.3m | 9.9% | PE60.8x | |
| AIT Advanced Information Technology | ฿5.20 | 3.0% +฿230.5m | 8.8% | PE13.5x | |
| BE8 Beryl 8 Plus | ฿6.15 | 13.9% +฿198.5m | -53.1% | PE19.4x |