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Thai (SET) IT Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.04%
  • 3M8.7%
  • 1Y-12.4%
  • YTD8.7%

The IT is pretty flat in the last 7 days, but Bluebik Group has stood out, gaining 3.8%. As for the longer term, the industry has declined 12% in the last year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Thai IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026฿45.2b฿65.7b฿3.1b11.4x14.7x0.7x
Tue, 03 Mar 2026฿49.5b฿65.4b฿3.3b12.6x14.9x0.8x
Thu, 29 Jan 2026฿41.7b฿65.3b฿3.4b10.5x12.3x0.6x
Sat, 27 Dec 2025฿41.1b฿65.3b฿3.4b10.2x12.2x0.6x
Mon, 24 Nov 2025฿41.9b฿64.2b฿3.3b10.1x12.6x0.7x
Wed, 22 Oct 2025฿43.3b฿64.2b฿3.5b10.8x12.4x0.7x
Fri, 19 Sep 2025฿47.2b฿64.2b฿3.5b11.2x13.5x0.7x
Sun, 17 Aug 2025฿45.4b฿64.2b฿3.5b11.4x13x0.7x
Tue, 15 Jul 2025฿44.0b฿64.6b฿3.6b9.9x12.2x0.7x
Thu, 12 Jun 2025฿45.2b฿64.6b฿3.6b10.4x12.5x0.7x
Sat, 10 May 2025฿47.6b฿63.1b฿3.7b11.2x13x0.8x
Mon, 07 Apr 2025฿51.4b฿63.2b฿3.7b10.2x14x0.8x
Wed, 05 Mar 2025฿53.9b฿63.1b฿3.6b9.7x14.9x0.9x
Fri, 31 Jan 2025฿59.7b฿60.3b฿3.2b11.2x18.9x1x
Sun, 29 Dec 2024฿58.3b฿60.3b฿3.2b10.2x18.4x1x
Tue, 26 Nov 2024฿59.9b฿60.3b฿3.2b10.9x18.9x1x
Thu, 24 Oct 2024฿61.0b฿59.2b฿3.2b11.2x19.3x1x
Sat, 21 Sep 2024฿62.5b฿59.2b฿3.2b11.7x19.8x1.1x
Mon, 19 Aug 2024฿51.7b฿59.2b฿3.2b11x16.4x0.9x
Wed, 17 Jul 2024฿55.0b฿57.5b฿3.0b11.2x18.5x1x
Fri, 14 Jun 2024฿106.0b฿60.0b฿3.1b11.9x33.9x1.8x
Sun, 12 May 2024฿107.1b฿58.3b฿3.4b15x31.8x1.8x
Tue, 09 Apr 2024฿106.5b฿57.8b฿3.3b14.3x32.1x1.8x
Thu, 07 Mar 2024฿121.9b฿56.3b฿3.2b13.4x38x2.2x
Sat, 03 Feb 2024฿123.7b฿53.7b฿3.1b12x39.5x2.3x
Mon, 01 Jan 2024฿128.6b฿53.7b฿3.1b12.2x41.1x2.4x
Wed, 29 Nov 2023฿109.1b฿53.7b฿3.1b12.1x34.8x2x
Fri, 27 Oct 2023฿91.7b฿51.4b฿2.9b12.9x31.4x1.8x
Sun, 24 Sep 2023฿102.1b฿51.0b฿2.8b14.1x35.9x2x
Tue, 22 Aug 2023฿98.1b฿49.9b฿2.8b14.1x35.2x2x
Thu, 20 Jul 2023฿93.3b฿47.7b฿2.8b14.6x33.8x2x
Sat, 17 Jun 2023฿91.9b฿47.7b฿2.8b14.6x33.3x1.9x
Mon, 15 May 2023฿93.8b฿45.6b฿2.5b15.4x37.9x2.1x
Wed, 12 Apr 2023฿97.0b฿40.3b฿2.2b16.2x43.2x2.4x
Price to Earnings Ratio

43.2x


Total Market Cap: ฿97.0bTotal Earnings: ฿2.2bTotal Revenue: ฿40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 23.7x202420252026
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 14.7x which is lower than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.69x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 18% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Tech industry?

TH Market0.46%
Tech-2.04%
IT-0.044%
Data Processing Services0.69%
IT Consulting0.13%
Internet Services and Infrastructure-1.75%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 12.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.5x.
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 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BBIK Bluebik Group฿19.103.8%
+฿140.0m
-31.2%PE11.2x
GABLE G-Able฿3.962.6%
+฿70.0m
14.5%PE9x
PIS Pro Inside฿3.903.2%
+฿64.8m
-12.6%PE7.8x
VCOM Vintcom Technology฿3.363.7%
+฿36.8m
54.1%PE7.9x
SPREME Supreme Distribution฿1.602.6%
+฿29.6m
12.7%PE7.4x

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