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Thai (SET) IT Industry Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies23
- 7D0.6%
- 3M-18.5%
- 1Y-27.3%
- YTD-30.7%
The IT is pretty flat in the last 7 days, but Sky ICT has stood out, gaining 5.9%. Unfortunately though, the industry is down 27% over the past 12 months. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Fri, 04 Jul 2025 | ฿42.4b | ฿64.6b | ฿3.6b | 10.2x | 11.8x | 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 |
| Wed, 25 Jan 2023 | ฿172.4b | ฿46.8b | ฿4.1b | 22.1x | 41.8x | 3.7x |
| Fri, 23 Dec 2022 | ฿159.7b | ฿46.8b | ฿4.1b | 21x | 38.7x | 3.4x |
| Sun, 20 Nov 2022 | ฿157.3b | ฿46.9b | ฿4.3b | 18x | 36.9x | 3.4x |
| Tue, 18 Oct 2022 | ฿166.3b | ฿45.6b | ฿3.9b | 17.5x | 42.2x | 3.7x |
| Thu, 15 Sep 2022 | ฿211.3b | ฿45.6b | ฿3.9b | 18.1x | 53.6x | 4.6x |
| Sat, 13 Aug 2022 | ฿202.6b | ฿45.2b | ฿3.7b | 17.9x | 54.6x | 4.5x |
| Mon, 11 Jul 2022 | ฿209.2b | ฿44.8b | ฿3.7b | 16.9x | 56.3x | 4.7x |
Price to Earnings Ratio
56.3x
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 11.8x which is lower than its 3-year average PE of 31.4x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 0.66x.
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 | 0.72% | |
| Tech | 0.19% | |
| IT | 0.65% | |
| Internet Services and Infrastructure | 1.62% | |
| IT Consulting | 0.56% | |
| Data Processing Services | -8.12% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 33.5x.
- Analysts are expecting annual earnings growth of 20.4%, 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 20% 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 | |
|---|---|---|---|---|---|
| SKY Sky ICT | ฿12.50 | 5.9% +฿502.1m | -43.9% | PE16.2x | |
| AIT Advanced Information Technology | ฿4.68 | 4.0% +฿276.6m | 16.4% | PE12.3x | |
| SVOA SVOA | ฿1.30 | 19.3% +฿198.9m | -32.3% | PE35x | |
| BBIK Bluebik Group | ฿19.90 | 2.6% +฿100.0m | -26.3% | PE13.1x | |
| INET Internet Thailand | ฿4.30 | 3.9% +฿95.5m | -5.3% | PE6.9x |