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Thai (SET) IT Industry Analysis
UpdatedJun 06, 2025
DataAggregated Company Financials
Companies23
- 7D-2.5%
- 3M-20.4%
- 1Y-29.7%
- YTD-26.5%
Over the last 7 days, the IT industry has dropped 2.2%, driven by a pullback from Sky ICT of 8.5%. The industry has fallen 31% in the last year. As for the next few years, earnings are expected to grow by 20% 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, 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 |
| Mon, 30 Jan 2023 | ฿174.9b | ฿46.8b | ฿4.1b | 22.1x | 42.4x | 3.7x |
| Wed, 28 Dec 2022 | ฿155.1b | ฿46.8b | ฿4.1b | 21.1x | 37.6x | 3.3x |
| Fri, 25 Nov 2022 | ฿146.4b | ฿46.8b | ฿4.1b | 21.3x | 35.5x | 3.1x |
| Sun, 23 Oct 2022 | ฿174.4b | ฿45.6b | ฿3.9b | 17.5x | 44.3x | 3.8x |
| Tue, 20 Sep 2022 | ฿200.7b | ฿45.6b | ฿3.9b | 17.8x | 51x | 4.4x |
| Thu, 18 Aug 2022 | ฿198.5b | ฿45.6b | ฿4.0b | 18.1x | 50x | 4.4x |
| Sat, 16 Jul 2022 | ฿196.1b | ฿44.8b | ฿3.7b | 16.3x | 52.8x | 4.4x |
| Mon, 13 Jun 2022 | ฿340.8b | ฿44.8b | ฿3.7b | 20.7x | 91.8x | 7.6x |
Price to Earnings Ratio
91.8x
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 12.5x which is lower than its 3-year average PE of 32.9x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 0.70x.
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 | -2.01% | |
| Tech | -8.23% | |
| IT | -2.48% | |
| Data Processing Services | -1.88% | |
| IT Consulting | -2.48% | |
| Internet Services and Infrastructure | -2.50% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 35.0x.
- Analysts are expecting annual earnings growth of 20.5%, which is higher than its past year's earnings decline of 6.6% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 6.6% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| BBIK Bluebik Group | ฿21.40 | 2.4% +฿100.0m | -29.8% | PE14.1x | |
| AIT Advanced Information Technology | ฿4.62 | 1.3% +฿92.2m | 7.9% | PE12.2x | |
| GABLE G-Able | ฿2.98 | 2.1% +฿42.0m | -27.0% | PE9.5x | |
| BE8 Beryl 8 Plus | ฿6.45 | 2.4% +฿39.7m | -62.3% | PE11.9x | |
| PT Premier Technology | ฿13.30 | 0.8% +฿28.4m | 52.9% | PE10.5x |