Have your own idea? Try our Stock Screener
Thai (SET) IT Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies23
- 7D0.4%
- 3M6.7%
- 1Y-27.1%
- YTD-22.7%
In the last week, IT has been flat. As for the longer term, the industry has declined 27% in the last year. Looking forward, earnings are forecast to grow by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | ฿47.3b | ฿64.2b | ฿3.5b | 11.1x | 13.6x | 0.7x |
| Wed, 13 Aug 2025 | ฿48.0b | ฿63.3b | ฿3.4b | 11.4x | 14.1x | 0.8x |
| Fri, 11 Jul 2025 | ฿43.4b | ฿64.6b | ฿3.6b | 10x | 12x | 0.7x |
| Sun, 08 Jun 2025 | ฿45.2b | ฿64.6b | ฿3.6b | 10.5x | 12.5x | 0.7x |
| Tue, 06 May 2025 | ฿50.2b | ฿63.2b | ฿3.7b | 9.5x | 13.6x | 0.8x |
| Thu, 03 Apr 2025 | ฿52.3b | ฿63.2b | ฿3.7b | 10.4x | 14.2x | 0.8x |
| Sat, 01 Mar 2025 | ฿55.8b | ฿60.9b | ฿3.6b | 10x | 15.6x | 0.9x |
| Mon, 27 Jan 2025 | ฿59.7b | ฿60.3b | ฿3.2b | 11.4x | 18.8x | 1x |
| Wed, 25 Dec 2024 | ฿57.7b | ฿60.3b | ฿3.2b | 10.1x | 18.2x | 1x |
| Fri, 22 Nov 2024 | ฿60.1b | ฿60.3b | ฿3.2b | 11.3x | 19x | 1x |
| Sun, 20 Oct 2024 | ฿61.0b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Tue, 17 Sep 2024 | ฿62.8b | ฿59.2b | ฿3.2b | 11.9x | 19.9x | 1.1x |
| Thu, 15 Aug 2024 | ฿51.1b | ฿58.1b | ฿3.0b | 10.5x | 16.8x | 0.9x |
| Sat, 13 Jul 2024 | ฿57.4b | ฿57.5b | ฿3.0b | 11.5x | 19.3x | 1x |
| Mon, 10 Jun 2024 | ฿111.1b | ฿60.0b | ฿3.1b | 12.2x | 35.7x | 1.9x |
| Wed, 08 May 2024 | ฿105.0b | ฿58.4b | ฿3.3b | 14.7x | 31.3x | 1.8x |
| Fri, 05 Apr 2024 | ฿105.4b | ฿57.8b | ฿3.3b | 13.9x | 31.7x | 1.8x |
| Sun, 03 Mar 2024 | ฿126.4b | ฿56.8b | ฿3.2b | 12.4x | 39.3x | 2.2x |
| Tue, 30 Jan 2024 | ฿124.3b | ฿53.7b | ฿3.1b | 12.1x | 39.7x | 2.3x |
| Thu, 28 Dec 2023 | ฿122.5b | ฿53.7b | ฿3.1b | 12.2x | 39.1x | 2.3x |
| Sat, 25 Nov 2023 | ฿111.8b | ฿53.7b | ฿3.1b | 12.3x | 35.7x | 2.1x |
| Mon, 23 Oct 2023 | ฿94.3b | ฿51.4b | ฿2.9b | 13.2x | 32.3x | 1.8x |
| Wed, 20 Sep 2023 | ฿103.7b | ฿51.0b | ฿2.8b | 14.1x | 36.5x | 2x |
| Fri, 18 Aug 2023 | ฿99.0b | ฿49.9b | ฿2.8b | 14.3x | 35.5x | 2x |
| Sun, 16 Jul 2023 | ฿91.2b | ฿47.7b | ฿2.8b | 14.4x | 33.1x | 1.9x |
| Tue, 13 Jun 2023 | ฿93.8b | ฿47.7b | ฿2.8b | 14.6x | 34x | 2x |
| Thu, 11 May 2023 | ฿93.9b | ฿44.9b | ฿2.4b | 15.7x | 38.4x | 2.1x |
| Sat, 08 Apr 2023 | ฿98.7b | ฿40.3b | ฿2.2b | 16.1x | 43.9x | 2.5x |
| Mon, 06 Mar 2023 | ฿133.1b | ฿45.8b | ฿3.5b | 21.2x | 38.4x | 2.9x |
| Wed, 01 Feb 2023 | ฿173.6b | ฿46.8b | ฿4.1b | 22.8x | 42.1x | 3.7x |
| Fri, 30 Dec 2022 | ฿157.7b | ฿46.8b | ฿4.1b | 21.5x | 38.2x | 3.4x |
| Sun, 27 Nov 2022 | ฿155.6b | ฿46.8b | ฿4.1b | 21.4x | 37.7x | 3.3x |
| Tue, 25 Oct 2022 | ฿174.4b | ฿45.6b | ฿3.9b | 17.5x | 44.3x | 3.8x |
| Thu, 22 Sep 2022 | ฿193.6b | ฿45.6b | ฿3.9b | 18x | 49.2x | 4.3x |
Price to Earnings Ratio
49.2x
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 13.6x which is lower than its 3-year average PE of 28.7x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 4.0% per year 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | 2.23% | |
| Tech | 5.92% | |
| IT | 0.41% | |
| Internet Services and Infrastructure | 1.80% | |
| IT Consulting | 0.29% | |
| Data Processing Services | -10.98% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 31.0x.
- Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings decline of 0.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 7.9% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|
| PT Premier Technology | ฿12.00 | 3.4% +฿113.6m | 25.0% | PE11.2x | |
| TPS Practical Solution | ฿3.38 | 7.0% +฿91.8m | 7.0% | PE9.7x | |
| ICN Information and Communication Networks | ฿2.04 | 4.6% +฿60.5m | -14.3% | PE9.4x | |
| INET Internet Thailand | ฿4.00 | 1.5% +฿35.8m | -13.4% | PE6.5x | |
| AMR AMR Asia | ฿0.59 | 5.4% +฿17.7m | -51.2% | PS0.6x |