Have your own idea? Try our Stock Screener
Thai (SET) IT Industry Analysis
UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies24
- 7D7.0%
- 3M14.4%
- 1Y-17.1%
- YTD16.9%
The IT industry is up 7.0% in the last week, with Sky ICT up 8.9%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | ฿48.6b | ฿65.2b | ฿3.4b | 11.2x | 14.4x | 0.7x |
| Sun, 18 Jan 2026 | ฿41.1b | ฿65.3b | ฿3.4b | 10.5x | 12.1x | 0.6x |
| Tue, 16 Dec 2025 | ฿42.2b | ฿65.3b | ฿3.4b | 10.1x | 12.5x | 0.6x |
| Thu, 13 Nov 2025 | ฿42.8b | ฿63.7b | ฿3.5b | 10.6x | 12.4x | 0.7x |
| Sat, 11 Oct 2025 | ฿44.7b | ฿64.2b | ฿3.5b | 11x | 12.8x | 0.7x |
| Mon, 08 Sep 2025 | ฿47.1b | ฿64.2b | ฿3.5b | 10.9x | 13.5x | 0.7x |
| Wed, 06 Aug 2025 | ฿45.8b | ฿64.6b | ฿3.6b | 10.2x | 12.7x | 0.7x |
| Fri, 04 Jul 2025 | ฿44.0b | ฿64.6b | ฿3.6b | 10.1x | 12.2x | 0.7x |
| Sun, 01 Jun 2025 | ฿45.9b | ฿64.6b | ฿3.6b | 10.4x | 12.7x | 0.7x |
| Tue, 29 Apr 2025 | ฿50.6b | ฿63.2b | ฿3.7b | 10.4x | 13.7x | 0.8x |
| Thu, 27 Mar 2025 | ฿52.9b | ฿63.2b | ฿3.7b | 10.7x | 14.3x | 0.8x |
| Sat, 22 Feb 2025 | ฿58.0b | ฿60.6b | ฿3.2b | 10.9x | 17.9x | 1x |
| Mon, 20 Jan 2025 | ฿52.6b | ฿60.3b | ฿3.2b | 9.9x | 16.6x | 0.9x |
| Wed, 18 Dec 2024 | ฿58.1b | ฿60.3b | ฿3.2b | 10.1x | 18.4x | 1x |
| Fri, 15 Nov 2024 | ฿60.3b | ฿59.8b | ฿3.3b | 11.5x | 18.6x | 1x |
| Sun, 13 Oct 2024 | ฿62.5b | ฿59.2b | ฿3.2b | 11.6x | 19.8x | 1.1x |
| Tue, 10 Sep 2024 | ฿60.4b | ฿59.2b | ฿3.2b | 11.4x | 19.1x | 1x |
| Thu, 08 Aug 2024 | ฿49.2b | ฿57.1b | ฿3.0b | 10.4x | 16.6x | 0.9x |
| Sat, 06 Jul 2024 | ฿56.9b | ฿57.5b | ฿3.0b | 11.8x | 19.1x | 1x |
| Mon, 03 Jun 2024 | ฿115.0b | ฿60.9b | ฿3.1b | 12.5x | 36.7x | 1.9x |
| Wed, 01 May 2024 | ฿105.3b | ฿57.8b | ฿3.3b | 14.5x | 31.7x | 1.8x |
| Fri, 29 Mar 2024 | ฿112.4b | ฿57.8b | ฿3.3b | 14.6x | 33.9x | 1.9x |
| Sun, 25 Feb 2024 | ฿127.6b | ฿54.8b | ฿3.5b | 12.4x | 36.7x | 2.3x |
| Tue, 23 Jan 2024 | ฿120.6b | ฿53.7b | ฿3.1b | 12.6x | 38.5x | 2.2x |
| Thu, 21 Dec 2023 | ฿111.3b | ฿53.7b | ฿3.1b | 11.9x | 35.6x | 2.1x |
| Sat, 18 Nov 2023 | ฿110.0b | ฿53.5b | ฿3.2b | 13.1x | 34.5x | 2.1x |
| Mon, 16 Oct 2023 | ฿99.9b | ฿51.4b | ฿2.9b | 14.2x | 34.2x | 1.9x |
| Wed, 13 Sep 2023 | ฿103.8b | ฿49.9b | ฿2.8b | 14.4x | 37.3x | 2.1x |
| Fri, 11 Aug 2023 | ฿95.7b | ฿47.8b | ฿2.8b | 14.7x | 34.7x | 2x |
| Sun, 09 Jul 2023 | ฿91.2b | ฿47.7b | ฿2.8b | 14.5x | 33.1x | 1.9x |
| Tue, 06 Jun 2023 | ฿92.7b | ฿47.7b | ฿2.8b | 15x | 33.6x | 1.9x |
| Thu, 04 May 2023 | ฿86.5b | ฿40.3b | ฿2.2b | 14.3x | 38.5x | 2.1x |
| Sat, 01 Apr 2023 | ฿101.6b | ฿40.3b | ฿2.2b | 16.4x | 45.2x | 2.5x |
| Mon, 27 Feb 2023 | ฿133.5b | ฿45.9b | ฿3.5b | 22.1x | 38.5x | 2.9x |
Price to Earnings Ratio
38.5x
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 14.4x which is lower than its 3-year average PE of 24.7x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.75x.
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 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | 3.94% | |
| Tech | 2.06% | |
| IT | 7.04% | |
| Internet Services and Infrastructure | 11.18% | |
| IT Consulting | 6.64% | |
| Data Processing Services | 4.33% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 8.8%, 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 30% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿15.00 | 10.3% +฿1.0b | -25.4% | PE15.8x | |
| BBIK Bluebik Group | ฿20.20 | 13.5% +฿480.0m | -42.7% | PE12.8x | |
| GABLE G-Able | ฿3.88 | 9.0% +฿224.0m | 32.9% | PE9.2x | |
| AIT Advanced Information Technology | ฿5.20 | 2.0% +฿153.6m | 13.5% | PE13.5x | |
| BE8 Beryl 8 Plus | ฿6.15 | 9.8% +฿145.6m | -51.6% | PE19.4x |