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Thai (SET) IT Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies24
- 7D2.1%
- 3M15.7%
- 1Y-13.8%
- YTD17.1%
In the last week, the IT industry is up 2.1%, with Sky ICT leading the way, up 5.6%. In the past year, the industry is down 14%. Earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | ฿48.7b | ฿65.5b | ฿3.3b | 11.5x | 14.6x | 0.7x |
| Fri, 23 Jan 2026 | ฿41.4b | ฿65.3b | ฿3.4b | 10.6x | 12.2x | 0.6x |
| Sun, 21 Dec 2025 | ฿42.1b | ฿65.3b | ฿3.4b | 10.1x | 12.4x | 0.6x |
| Tue, 18 Nov 2025 | ฿43.1b | ฿64.2b | ฿3.3b | 10.5x | 12.9x | 0.7x |
| Thu, 16 Oct 2025 | ฿44.1b | ฿64.2b | ฿3.5b | 10.9x | 12.7x | 0.7x |
| Sat, 13 Sep 2025 | ฿47.3b | ฿64.2b | ฿3.5b | 11.1x | 13.6x | 0.7x |
| Mon, 11 Aug 2025 | ฿48.0b | ฿63.3b | ฿3.4b | 11.4x | 14.1x | 0.8x |
| Wed, 09 Jul 2025 | ฿43.7b | ฿64.6b | ฿3.6b | 10x | 12.1x | 0.7x |
| Fri, 06 Jun 2025 | ฿45.0b | ฿64.6b | ฿3.6b | 10.5x | 12.5x | 0.7x |
| Sun, 04 May 2025 | ฿50.2b | ฿63.2b | ฿3.7b | 9.5x | 13.6x | 0.8x |
| Tue, 01 Apr 2025 | ฿51.8b | ฿63.2b | ฿3.7b | 10.2x | 14.1x | 0.8x |
| Thu, 27 Feb 2025 | ฿57.6b | ฿61.0b | ฿3.4b | 10x | 16.9x | 0.9x |
| Sat, 25 Jan 2025 | ฿59.7b | ฿60.3b | ฿3.2b | 11.4x | 18.8x | 1x |
| Mon, 23 Dec 2024 | ฿56.3b | ฿60.3b | ฿3.2b | 10.1x | 17.8x | 0.9x |
| Wed, 20 Nov 2024 | ฿61.3b | ฿59.2b | ฿3.2b | 13.1x | 19.2x | 1x |
| Fri, 18 Oct 2024 | ฿62.5b | ฿59.2b | ฿3.2b | 11.3x | 19.8x | 1.1x |
| Sun, 15 Sep 2024 | ฿61.4b | ฿59.2b | ฿3.2b | 11.6x | 19.4x | 1x |
| Tue, 13 Aug 2024 | ฿49.8b | ฿58.2b | ฿3.0b | 10.3x | 16.8x | 0.9x |
| Thu, 11 Jul 2024 | ฿58.0b | ฿57.5b | ฿3.0b | 11.8x | 19.5x | 1x |
| Sat, 08 Jun 2024 | ฿111.1b | ฿60.6b | ฿3.1b | 12.2x | 35.3x | 1.8x |
| Mon, 06 May 2024 | ฿104.5b | ฿58.4b | ฿3.3b | 14.5x | 31.2x | 1.8x |
| Wed, 03 Apr 2024 | ฿107.2b | ฿57.8b | ฿3.3b | 14.4x | 32.3x | 1.9x |
| Fri, 01 Mar 2024 | ฿129.5b | ฿55.0b | ฿3.3b | 12.2x | 39.8x | 2.4x |
| Sun, 28 Jan 2024 | ฿120.2b | ฿53.7b | ฿3.1b | 12.4x | 38.4x | 2.2x |
| Tue, 26 Dec 2023 | ฿114.9b | ฿53.7b | ฿3.1b | 12.1x | 36.7x | 2.1x |
| Thu, 23 Nov 2023 | ฿110.1b | ฿53.7b | ฿3.1b | 12.5x | 35.2x | 2x |
| Sat, 21 Oct 2023 | ฿94.3b | ฿51.4b | ฿2.9b | 13.2x | 32.3x | 1.8x |
| Mon, 18 Sep 2023 | ฿103.0b | ฿49.9b | ฿2.8b | 14x | 37x | 2.1x |
| Wed, 16 Aug 2023 | ฿95.5b | ฿48.2b | ฿2.6b | 13.9x | 36.1x | 2x |
| Fri, 14 Jul 2023 | ฿89.4b | ฿47.7b | ฿2.8b | 14.1x | 32.4x | 1.9x |
| Sun, 11 Jun 2023 | ฿95.2b | ฿47.7b | ฿2.8b | 14.7x | 34.5x | 2x |
| Tue, 09 May 2023 | ฿92.0b | ฿45.0b | ฿2.5b | 14.4x | 36.6x | 2x |
| Thu, 06 Apr 2023 | ฿100.9b | ฿40.3b | ฿2.2b | 16.1x | 44.9x | 2.5x |
| Sat, 04 Mar 2023 | ฿133.1b | ฿45.8b | ฿3.5b | 21.2x | 38.4x | 2.9x |
Price to Earnings Ratio
38.4x
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 14.6x which is lower than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.74x.
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 13% 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 | 2.13% | |
| Tech | 9.53% | |
| IT | 2.08% | |
| IT Consulting | 2.37% | |
| Data Processing Services | 2.11% | |
| Internet Services and Infrastructure | -0.72% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 26.5x.
- Analysts are expecting annual earnings growth of 8.8%, which is higher than its past year's earnings growth of 7.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 29% 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 | |
|---|---|---|---|---|---|
| GABLE G-Able | ฿4.08 | 9.1% +฿238.0m | 17.9% | PE9.7x | |
| BBIK Bluebik Group | ฿21.20 | 5.0% +฿200.0m | -40.3% | PE12.4x | |
| MFEC MFEC | ฿5.80 | 4.5% +฿110.4m | -3.3% | PE10.9x | |
| INET Internet Thailand | ฿4.04 | 3.1% +฿71.6m | -27.9% | PE7.5x | |
| ITNS International Network System | ฿2.02 | 15.4% +฿56.4m | 28.7% | PE10.1x |