Have your own idea? Try our Stock Screener
Thai (SET) IT Industry Analysis
UpdatedDec 06, 2025
DataAggregated Company Financials
Companies24
- 7D-0.2%
- 3M-11.0%
- 1Y-35.0%
- YTD-31.6%
Over the last 7 days, the IT industry has remained flat, although notably NAT Absolute Technologies declined by 9.1%. Unfortunately though, the industry is down 36% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 06 Dec 2025 | ฿42.1b | ฿65.3b | ฿3.4b | 10.1x | 12.4x | 0.6x |
| Mon, 03 Nov 2025 | ฿43.2b | ฿64.3b | ฿3.5b | 11x | 12.3x | 0.7x |
| Wed, 01 Oct 2025 | ฿46.0b | ฿64.2b | ฿3.5b | 11.2x | 13.2x | 0.7x |
| Fri, 29 Aug 2025 | ฿46.2b | ฿64.2b | ฿3.5b | 11.2x | 13.3x | 0.7x |
| Sun, 27 Jul 2025 | ฿45.2b | ฿64.6b | ฿3.6b | 9.9x | 12.5x | 0.7x |
| Tue, 24 Jun 2025 | ฿41.5b | ฿64.6b | ฿3.6b | 9.6x | 11.5x | 0.6x |
| Thu, 22 May 2025 | ฿46.3b | ฿64.6b | ฿3.6b | 10.3x | 12.8x | 0.7x |
| Sat, 19 Apr 2025 | ฿51.2b | ฿63.2b | ฿3.7b | 9.9x | 13.9x | 0.8x |
| Mon, 17 Mar 2025 | ฿54.2b | ฿63.2b | ฿3.7b | 9.6x | 14.7x | 0.9x |
| Wed, 12 Feb 2025 | ฿57.9b | ฿60.3b | ฿3.2b | 10.8x | 18.3x | 1x |
| Fri, 10 Jan 2025 | ฿54.9b | ฿60.3b | ฿3.2b | 10x | 17.3x | 0.9x |
| Sun, 08 Dec 2024 | ฿61.0b | ฿60.3b | ฿3.2b | 10.4x | 19.3x | 1x |
| Tue, 05 Nov 2024 | ฿60.9b | ฿59.2b | ฿3.2b | 11.2x | 19.3x | 1x |
| Thu, 03 Oct 2024 | ฿62.3b | ฿59.2b | ฿3.2b | 11.8x | 19.7x | 1.1x |
| Sat, 31 Aug 2024 | ฿58.1b | ฿59.2b | ฿3.2b | 11.2x | 18.4x | 1x |
| Mon, 29 Jul 2024 | ฿50.7b | ฿57.5b | ฿3.0b | 11.1x | 17x | 0.9x |
| Wed, 26 Jun 2024 | ฿100.9b | ฿60.0b | ฿3.1b | 11.9x | 32.3x | 1.7x |
| Fri, 24 May 2024 | ฿112.7b | ฿58.2b | ฿3.0b | 14.2x | 37.2x | 1.9x |
| Sun, 21 Apr 2024 | ฿102.3b | ฿57.8b | ฿3.3b | 13.3x | 30.8x | 1.8x |
| Tue, 19 Mar 2024 | ฿118.1b | ฿57.8b | ฿3.3b | 14x | 35.5x | 2x |
| Thu, 15 Feb 2024 | ฿135.1b | ฿53.7b | ฿3.1b | 12.1x | 43.1x | 2.5x |
| Sat, 13 Jan 2024 | ฿126.5b | ฿53.7b | ฿3.1b | 12.6x | 40.4x | 2.4x |
| Mon, 11 Dec 2023 | ฿107.5b | ฿53.7b | ฿3.1b | 11.9x | 34.3x | 2x |
| Wed, 08 Nov 2023 | ฿97.5b | ฿51.4b | ฿2.9b | 12.5x | 33.4x | 1.9x |
| Fri, 06 Oct 2023 | ฿98.9b | ฿51.0b | ฿2.8b | 13.9x | 34.8x | 1.9x |
| Sun, 03 Sep 2023 | ฿105.8b | ฿49.9b | ฿2.8b | 14.6x | 38x | 2.1x |
| Tue, 01 Aug 2023 | ฿96.5b | ฿47.7b | ฿2.8b | 14.8x | 35x | 2x |
| Thu, 29 Jun 2023 | ฿89.5b | ฿47.7b | ฿2.8b | 14.1x | 32.4x | 1.9x |
| Sat, 27 May 2023 | ฿90.9b | ฿47.7b | ฿2.8b | 15x | 33x | 1.9x |
| Mon, 24 Apr 2023 | ฿88.2b | ฿40.3b | ฿2.2b | 15.8x | 39.3x | 2.2x |
| Wed, 22 Mar 2023 | ฿103.8b | ฿40.3b | ฿2.2b | 16.4x | 46.2x | 2.6x |
| Fri, 17 Feb 2023 | ฿134.2b | ฿45.7b | ฿3.9b | 21x | 34.7x | 2.9x |
| Sun, 15 Jan 2023 | ฿163.7b | ฿46.8b | ฿4.1b | 22x | 39.7x | 3.5x |
| Tue, 13 Dec 2022 | ฿152.2b | ฿46.8b | ฿4.1b | 21.6x | 36.9x | 3.2x |
Price to Earnings Ratio
36.9x
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 12.4x which is lower than its 3-year average PE of 26.5x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 6.4% 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 | 1.35% | |
| Tech | -0.87% | |
| IT | -0.19% | |
| IT Consulting | -0.13% | |
| Internet Services and Infrastructure | -0.82% | |
| Data Processing Services | -5.42% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 28.9x.
- Analysts are expecting annual earnings growth of 8.1%, 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 39% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿12.50 | 2.5% +฿215.2m | -47.5% | PE13.2x | |
| PT Premier Technology | ฿11.70 | 1.7% +฿56.8m | 23.2% | PE10x | |
| GABLE G-Able | ฿3.22 | 1.3% +฿28.0m | 2.5% | PE7.6x | |
| IIG I&I Group | ฿1.36 | 7.9% +฿12.3m | -76.8% | PS0.2x | |
| INSET Infraset | ฿1.69 | 0.6% +฿8.1m | -50.9% | PE32.1x |