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Thai (SET) IT Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies24
  • 7D0.1%
  • 3M-7.6%
  • 1Y-3.7%
  • YTD8.0%

Over the last 7 days, the IT industry has remained flat, although notably Sky ICT gained 6.7%. As for the longer term, the industry has declined 3.7% in the last year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026฿44.9b฿68.6b฿3.3b9.8x13.6x0.7x
Sat, 18 Apr 2026฿45.8b฿65.7b฿3.1b11.5x14.9x0.7x
Mon, 16 Mar 2026฿45.7b฿65.7b฿3.1b11.6x14.9x0.7x
Wed, 11 Feb 2026฿44.5b฿65.3b฿3.4b10.9x13.2x0.7x
Fri, 09 Jan 2026฿41.5b฿65.3b฿3.4b10.6x12.3x0.6x
Sun, 07 Dec 2025฿42.1b฿65.3b฿3.4b10.1x12.4x0.6x
Tue, 04 Nov 2025฿43.3b฿64.3b฿3.5b11.2x12.4x0.7x
Thu, 02 Oct 2025฿45.4b฿64.2b฿3.5b11.1x13x0.7x
Sat, 30 Aug 2025฿45.9b฿64.2b฿3.5b11.1x13.1x0.7x
Mon, 28 Jul 2025฿45.2b฿64.6b฿3.6b9.9x12.5x0.7x
Wed, 25 Jun 2025฿42.1b฿64.6b฿3.6b9.8x11.7x0.7x
Fri, 23 May 2025฿45.8b฿64.6b฿3.6b10x12.7x0.7x
Sun, 20 Apr 2025฿51.2b฿63.2b฿3.7b9.9x13.9x0.8x
Tue, 18 Mar 2025฿53.1b฿63.2b฿3.7b10.1x14.4x0.8x
Thu, 13 Feb 2025฿57.9b฿60.3b฿3.2b10.8x18.3x1x
Sat, 11 Jan 2025฿54.8b฿60.3b฿3.2b10x17.3x0.9x
Mon, 09 Dec 2024฿61.0b฿60.3b฿3.2b10.4x19.3x1x
Wed, 06 Nov 2024฿61.5b฿59.2b฿3.2b11.2x19.4x1x
Fri, 04 Oct 2024฿62.4b฿59.2b฿3.2b11.7x19.7x1.1x
Sun, 01 Sep 2024฿58.1b฿59.2b฿3.2b11.2x18.4x1x
Tue, 30 Jul 2024฿50.7b฿57.5b฿3.0b11.1x17x0.9x
Thu, 27 Jun 2024฿100.9b฿60.0b฿3.1b13x32.3x1.7x
Sat, 25 May 2024฿109.5b฿58.2b฿3.0b14x36.1x1.9x
Mon, 22 Apr 2024฿102.3b฿57.8b฿3.3b13.3x30.8x1.8x
Wed, 20 Mar 2024฿117.3b฿57.8b฿3.3b14x35.3x2x
Fri, 16 Feb 2024฿133.5b฿53.7b฿3.1b12.1x42.6x2.5x
Sun, 14 Jan 2024฿126.5b฿53.7b฿3.1b12.6x40.4x2.4x
Tue, 12 Dec 2023฿107.5b฿53.7b฿3.1b11.9x34.3x2x
Thu, 09 Nov 2023฿99.8b฿50.9b฿2.9b12.8x34.6x2x
Sat, 07 Oct 2023฿97.8b฿50.9b฿2.8b13.7x34.3x1.9x
Mon, 04 Sep 2023฿105.8b฿49.9b฿2.8b14.6x38x2.1x
Wed, 02 Aug 2023฿96.5b฿47.7b฿2.8b14.8x35x2x
Fri, 30 Jun 2023฿89.0b฿47.7b฿2.8b14.2x32.3x1.9x
Sun, 28 May 2023฿90.9b฿47.7b฿2.8b15x33x1.9x
Price to Earnings Ratio

33x


Total Market Cap: ฿90.9bTotal Earnings: ฿2.8bTotal Revenue: ฿47.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 22.6x202420252026
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 22.6x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.4% 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 Market2.24%
Tech3.97%
IT0.12%
Data Processing Services4.77%
IT Consulting0.72%
Internet Services and Infrastructure-4.68%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 30.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 24.1x.
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 better than its past earnings decline of 28% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 12% 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฿12.706.7%
+฿573.8m
-8.6%PE11.6x
GABLE G-Able฿3.902.1%
+฿56.0m
33.6%PE6.8x
SVOA SVOA฿1.752.3%
+฿37.9m
52.2%PE6.4x
AIT Advanced Information Technology฿4.720.4%
+฿30.7m
7.3%PE12.5x
VCOM Vintcom Technology฿3.542.9%
+฿30.7m
28.3%PE8.2x

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