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Thai (SET) IT Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies24
  • 7D0.7%
  • 3M21.4%
  • 1Y19.1%
  • YTD31.1%

The IT is pretty flat in the last 7 days, but Sky ICT has stood out, gaining 6.2%. As for the the longer term, the industry is up 19% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Thai IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026฿54.5b฿71.6b฿3.6b10.7x15.1x0.8x
Fri, 17 Jul 2026฿53.8b฿69.3b฿3.4b11.1x15.6x0.8x
Sun, 14 Jun 2026฿48.4b฿69.3b฿3.4b10.3x14.1x0.7x
Tue, 12 May 2026฿45.3b฿65.7b฿3.0b10.6x15.2x0.7x
Thu, 09 Apr 2026฿46.1b฿65.7b฿3.1b11.6x15x0.7x
Sat, 07 Mar 2026฿45.7b฿65.9b฿3.1b11.8x14.9x0.7x
Mon, 02 Feb 2026฿41.8b฿65.3b฿3.4b10.5x12.4x0.6x
Wed, 31 Dec 2025฿41.6b฿65.3b฿3.4b10.3x12.3x0.6x
Fri, 28 Nov 2025฿42.2b฿64.2b฿3.3b10x12.7x0.7x
Sun, 26 Oct 2025฿43.6b฿64.2b฿3.5b10.9x12.5x0.7x
Tue, 23 Sep 2025฿46.7b฿64.2b฿3.5b11.2x13.4x0.7x
Thu, 21 Aug 2025฿47.3b฿64.2b฿3.5b11.5x13.6x0.7x
Sat, 19 Jul 2025฿45.8b฿64.6b฿3.6b9.9x12.7x0.7x
Mon, 16 Jun 2025฿44.6b฿64.6b฿3.6b10.4x12.4x0.7x
Wed, 14 May 2025฿48.0b฿63.2b฿3.7b11x13.1x0.8x
Fri, 11 Apr 2025฿49.5b฿63.2b฿3.7b9.8x13.4x0.8x
Sun, 09 Mar 2025฿56.4b฿63.2b฿3.7b9.7x15.3x0.9x
Tue, 04 Feb 2025฿57.9b฿60.3b฿3.2b11.3x18.3x1x
Thu, 02 Jan 2025฿59.3b฿60.3b฿3.2b10.2x18.7x1x
Sat, 30 Nov 2024฿60.2b฿60.3b฿3.2b10.4x19x1x
Mon, 28 Oct 2024฿61.0b฿59.2b฿3.2b11.1x19.3x1x
Wed, 25 Sep 2024฿62.6b฿59.2b฿3.2b11.7x19.8x1.1x
Fri, 23 Aug 2024฿55.9b฿59.2b฿3.2b11x17.7x0.9x
Sun, 21 Jul 2024฿52.0b฿57.5b฿3.0b11.1x17.5x0.9x
Tue, 18 Jun 2024฿99.3b฿60.0b฿3.1b11.6x31.8x1.7x
Thu, 16 May 2024฿112.0b฿58.0b฿2.9b15.4x38.2x1.9x
Sat, 13 Apr 2024฿112.1b฿57.8b฿3.3b14.4x33.7x1.9x
Mon, 11 Mar 2024฿126.0b฿57.8b฿3.3b14x37.9x2.2x
Wed, 07 Feb 2024฿124.8b฿53.7b฿3.1b11.9x39.9x2.3x
Fri, 05 Jan 2024฿128.9b฿53.7b฿3.1b12.6x41.2x2.4x
Sun, 03 Dec 2023฿108.1b฿53.7b฿3.1b11.9x34.5x2x
Tue, 31 Oct 2023฿90.8b฿51.4b฿2.9b12.6x31.1x1.8x
Thu, 28 Sep 2023฿100.1b฿51.0b฿2.8b13.9x35.2x2x
Sat, 26 Aug 2023฿102.2b฿49.9b฿2.8b14x36.7x2x
Price to Earnings Ratio

36.7x


Total Market Cap: ฿102.2bTotal Earnings: ฿2.8bTotal Revenue: ฿49.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 21.1x202420252026
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 15.1x which is lower than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Tech industry?

TH Market0.16%
Tech0.21%
IT0.67%
Internet Services and Infrastructure2.59%
IT Consulting0.43%
Data Processing Services-2.12%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 32.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 14% 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฿18.806.2%
+฿789.0m
29.7%PE16.6x
PIS Pro Inside฿5.9515.5%
+฿432.0m
48.8%PE11.4x
INSET Infraset฿5.0011.1%
+฿392.3m
197.6%PE33x
BBIK Bluebik Group฿22.207.2%
+฿300.0m
8.3%PE12.4x
BE8 Beryl 8 Plus฿5.857.3%
+฿105.9m
5.4%PS0.6x

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