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- 7D-0.8%
- 3M-3.5%
- 1Y-6.0%
- YTD7.8%
Over the last 7 days, the IT industry has remained flat, although notably Internet Thailand gained 6.6%. As for the longer term, the industry has declined 6.8% in the last year. Looking forward, earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Thu, 14 May 2026 | ฿44.8b | ฿65.7b | ฿3.0b | 10.5x | 15x | 0.7x |
| Sat, 11 Apr 2026 | ฿45.5b | ฿65.7b | ฿3.1b | 11.6x | 14.8x | 0.7x |
| Mon, 09 Mar 2026 | ฿45.7b | ฿65.9b | ฿3.1b | 11.8x | 14.9x | 0.7x |
| Wed, 04 Feb 2026 | ฿41.7b | ฿65.3b | ฿3.4b | 10.5x | 12.3x | 0.6x |
| Fri, 02 Jan 2026 | ฿41.6b | ฿65.3b | ฿3.4b | 10.3x | 12.3x | 0.6x |
| Sun, 30 Nov 2025 | ฿42.2b | ฿65.3b | ฿3.4b | 10x | 12.5x | 0.6x |
| Tue, 28 Oct 2025 | ฿43.5b | ฿64.3b | ฿3.5b | 11.5x | 12.4x | 0.7x |
| Thu, 25 Sep 2025 | ฿46.0b | ฿64.2b | ฿3.5b | 11.1x | 13.2x | 0.7x |
| Sat, 23 Aug 2025 | ฿47.4b | ฿64.2b | ฿3.5b | 11.2x | 13.6x | 0.7x |
| Mon, 21 Jul 2025 | ฿45.8b | ฿64.6b | ฿3.6b | 9.9x | 12.7x | 0.7x |
| Wed, 18 Jun 2025 | ฿44.4b | ฿64.6b | ฿3.6b | 10.4x | 12.3x | 0.7x |
| Fri, 16 May 2025 | ฿46.7b | ฿63.3b | ฿3.6b | 10.8x | 12.8x | 0.7x |
| Sun, 13 Apr 2025 | ฿48.9b | ฿63.2b | ฿3.7b | 9.6x | 13.3x | 0.8x |
| Tue, 11 Mar 2025 | ฿55.5b | ฿63.2b | ฿3.7b | 9.6x | 15.1x | 0.9x |
| Thu, 06 Feb 2025 | ฿57.3b | ฿60.3b | ฿3.2b | 11.3x | 18.1x | 1x |
| Sat, 04 Jan 2025 | ฿58.0b | ฿60.3b | ฿3.2b | 10.1x | 18.3x | 1x |
| Mon, 02 Dec 2024 | ฿60.2b | ฿60.3b | ฿3.2b | 10.4x | 19x | 1x |
| Wed, 30 Oct 2024 | ฿60.6b | ฿59.2b | ฿3.2b | 11.2x | 19.2x | 1x |
| Fri, 27 Sep 2024 | ฿61.3b | ฿59.2b | ฿3.2b | 11.4x | 19.4x | 1x |
| Sun, 25 Aug 2024 | ฿57.5b | ฿59.2b | ฿3.2b | 11.2x | 18.2x | 1x |
| Tue, 23 Jul 2024 | ฿52.0b | ฿57.5b | ฿3.0b | 11.1x | 17.5x | 0.9x |
| Thu, 20 Jun 2024 | ฿96.3b | ฿60.0b | ฿3.1b | 11.3x | 30.8x | 1.6x |
| Sat, 18 May 2024 | ฿113.5b | ฿57.8b | ฿3.0b | 15.9x | 38.4x | 2x |
| Mon, 15 Apr 2024 | ฿112.1b | ฿57.8b | ฿3.3b | 14.4x | 33.7x | 1.9x |
| Wed, 13 Mar 2024 | ฿126.6b | ฿57.8b | ฿3.3b | 14.2x | 38.1x | 2.2x |
| Fri, 09 Feb 2024 | ฿122.2b | ฿53.7b | ฿3.1b | 12.1x | 39x | 2.3x |
| Sun, 07 Jan 2024 | ฿131.5b | ฿53.7b | ฿3.1b | 12.7x | 42x | 2.4x |
| Tue, 05 Dec 2023 | ฿106.8b | ฿53.7b | ฿3.1b | 11.7x | 34.1x | 2x |
| Thu, 02 Nov 2023 | ฿91.0b | ฿51.4b | ฿2.9b | 12.6x | 31.2x | 1.8x |
| Sat, 30 Sep 2023 | ฿98.7b | ฿51.0b | ฿2.8b | 13.8x | 34.7x | 1.9x |
| Mon, 28 Aug 2023 | ฿102.2b | ฿49.9b | ฿2.8b | 14x | 36.7x | 2x |
| Wed, 26 Jul 2023 | ฿93.4b | ฿47.7b | ฿2.8b | 14.4x | 33.8x | 2x |
| Fri, 23 Jun 2023 | ฿94.4b | ฿47.7b | ฿2.8b | 14.6x | 34.2x | 2x |
| Sun, 21 May 2023 | ฿88.2b | ฿48.3b | ฿2.8b | 14.8x | 32x | 1.8x |
Price to Earnings Ratio
32x
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 15.0x which is lower than its 3-year average PE of 22.8x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.68x.
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 11% 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 | 0.029% | |
| Tech | 2.25% | |
| IT | -0.77% | |
| Data Processing Services | 3.58% | |
| Internet Services and Infrastructure | 2.54% | |
| IT Consulting | -1.17% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 28.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 24.2x.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| INET Internet Thailand | ฿4.18 | 6.6% +฿155.2m | -10.3% | PE10.3x | |
| GABLE G-Able | ฿3.82 | 3.8% +฿98.0m | 19.4% | PE8.7x | |
| SVOA SVOA | ฿1.71 | 6.2% +฿94.7m | 35.7% | PE7.4x | |
| PIS Pro Inside | ฿3.78 | 4.4% +฿86.4m | -17.5% | PE7.5x | |
| ICN Information and Communication Networks | ฿1.98 | 5.9% +฿73.9m | -1.0% | PE13x |