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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026฿47.7b฿65.2b฿3.4b11.1x14.1x0.7x
Fri, 16 Jan 2026฿40.9b฿65.3b฿3.4b10.6x12.1x0.6x
Sun, 14 Dec 2025฿42.2b฿65.3b฿3.4b10.1x12.5x0.6x
Tue, 11 Nov 2025฿42.8b฿64.3b฿3.5b10.8x12.2x0.7x
Thu, 09 Oct 2025฿44.8b฿64.2b฿3.5b11.1x12.9x0.7x
Sat, 06 Sep 2025฿47.1b฿64.2b฿3.5b10.9x13.5x0.7x
Mon, 04 Aug 2025฿45.3b฿64.6b฿3.6b9.9x12.6x0.7x
Wed, 02 Jul 2025฿42.1b฿64.6b฿3.6b10x11.7x0.7x
Fri, 30 May 2025฿46.1b฿64.6b฿3.6b10.4x12.8x0.7x
Sun, 27 Apr 2025฿51.1b฿63.2b฿3.7b10.6x13.9x0.8x
Tue, 25 Mar 2025฿53.0b฿63.2b฿3.7b10.8x14.4x0.8x
Thu, 20 Feb 2025฿57.8b฿60.4b฿3.2b10.9x17.9x1x
Sat, 18 Jan 2025฿52.6b฿60.3b฿3.2b9.9x16.6x0.9x
Mon, 16 Dec 2024฿59.8b฿60.3b฿3.2b10.2x18.9x1x
Wed, 13 Nov 2024฿60.4b฿59.7b฿3.1b11.2x19.4x1x
Fri, 11 Oct 2024฿62.2b฿59.2b฿3.2b11.7x19.7x1.1x
Sun, 08 Sep 2024฿60.3b฿59.2b฿3.2b11.4x19.1x1x
Tue, 06 Aug 2024฿47.7b฿57.5b฿3.0b10.5x16x0.8x
Thu, 04 Jul 2024฿55.4b฿57.5b฿3.0b11.7x18.6x1x
Sat, 01 Jun 2024฿113.7b฿58.9b฿3.0b12.8x37.9x1.9x
Mon, 29 Apr 2024฿105.7b฿57.8b฿3.3b14x31.8x1.8x
Wed, 27 Mar 2024฿113.4b฿57.8b฿3.3b14.6x34.1x2x
Fri, 23 Feb 2024฿128.2b฿54.8b฿3.5b12.4x37.1x2.3x
Sun, 21 Jan 2024฿121.3b฿53.7b฿3.1b12.8x38.7x2.3x
Tue, 19 Dec 2023฿111.0b฿53.7b฿3.1b11.7x35.5x2.1x
Thu, 16 Nov 2023฿103.8b฿52.7b฿3.0b13.5x35x2x
Sat, 14 Oct 2023฿99.9b฿51.4b฿2.9b14.2x34.2x1.9x
Mon, 11 Sep 2023฿106.2b฿49.9b฿2.8b14.3x38.1x2.1x
Wed, 09 Aug 2023฿94.7b฿47.7b฿2.8b14.5x34.3x2x
Fri, 07 Jul 2023฿92.0b฿47.7b฿2.8b14.4x33.4x1.9x
Sun, 04 Jun 2023฿92.7b฿47.7b฿2.8b15x33.6x1.9x
Tue, 02 May 2023฿85.1b฿40.3b฿2.2b14.2x37.9x2.1x
Thu, 30 Mar 2023฿105.5b฿40.3b฿2.2b16.6x47x2.6x
Sat, 25 Feb 2023฿133.5b฿45.8b฿3.5b22.1x37.7x2.9x
Price to Earnings Ratio

37.7x


Total Market Cap: ฿133.5bTotal Earnings: ฿3.5bTotal Revenue: ฿45.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 24.7x202420252026
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 Market3.54%
Tech3.57%
IT7.12%
Internet Services and Infrastructure16.71%
IT Consulting6.20%
Data Processing Services2.30%
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?

CompanyLast Price7D1YValuation
SKY Sky ICT฿14.708.9%
+฿860.7m
-28.6%PE15.5x
BBIK Bluebik Group฿20.2018.8%
+฿640.0m
-42.7%PE12.8x
INSET Infraset฿2.6623.1%
+฿403.3m
9.9%PE60.8x
AIT Advanced Information Technology฿5.203.0%
+฿230.5m
8.8%PE13.5x
BE8 Beryl 8 Plus฿6.1513.9%
+฿198.5m
-53.1%PE19.4x

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