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Thai (SET) IT Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies24
  • 7D0.01%
  • 3M8.3%
  • 1Y-16.0%
  • YTD9.9%

In the last week, the IT industry is flat overall, with SVOA standing out by going down 4.9%. As for the longer term, the industry has declined 16% in the last year. Looking forward, 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
Wed, 18 Mar 2026฿45.7b฿65.7b฿3.1b11.6x14.9x0.7x
Fri, 13 Feb 2026฿46.4b฿65.3b฿3.4b10.8x13.7x0.7x
Sun, 11 Jan 2026฿41.3b฿65.3b฿3.4b10.6x12.2x0.6x
Tue, 09 Dec 2025฿41.9b฿65.3b฿3.4b10.1x12.4x0.6x
Thu, 06 Nov 2025฿42.6b฿64.3b฿3.5b10.9x12.2x0.7x
Sat, 04 Oct 2025฿44.8b฿64.2b฿3.5b10.9x12.9x0.7x
Mon, 01 Sep 2025฿45.9b฿64.2b฿3.5b11.1x13.1x0.7x
Wed, 30 Jul 2025฿46.0b฿64.6b฿3.6b9.9x12.7x0.7x
Fri, 27 Jun 2025฿42.4b฿64.6b฿3.6b9.9x11.7x0.7x
Sun, 25 May 2025฿46.6b฿64.6b฿3.6b10.4x12.9x0.7x
Tue, 22 Apr 2025฿49.5b฿63.2b฿3.7b9.8x13.4x0.8x
Thu, 20 Mar 2025฿54.0b฿63.2b฿3.7b10.6x14.7x0.9x
Sat, 15 Feb 2025฿57.4b฿60.5b฿3.2b10.8x17.7x0.9x
Mon, 13 Jan 2025฿54.8b฿60.3b฿3.2b10x17.3x0.9x
Wed, 11 Dec 2024฿60.1b฿60.3b฿3.2b10.3x19x1x
Fri, 08 Nov 2024฿61.4b฿59.2b฿3.2b11.2x19.4x1x
Sun, 06 Oct 2024฿62.7b฿59.2b฿3.2b11.5x19.8x1.1x
Tue, 03 Sep 2024฿57.9b฿59.2b฿3.2b11x18.3x1x
Thu, 01 Aug 2024฿50.8b฿57.5b฿3.0b11.1x17.1x0.9x
Sat, 29 Jun 2024฿98.5b฿60.0b฿3.1b12.2x31.6x1.6x
Mon, 27 May 2024฿109.5b฿58.9b฿3.0b14x36.1x1.9x
Wed, 24 Apr 2024฿104.9b฿57.8b฿3.3b14x31.6x1.8x
Fri, 22 Mar 2024฿115.6b฿57.8b฿3.3b14.3x34.8x2x
Sun, 18 Feb 2024฿129.8b฿53.9b฿3.2b11.8x40.7x2.4x
Tue, 16 Jan 2024฿124.8b฿53.7b฿3.1b12.4x39.9x2.3x
Thu, 14 Dec 2023฿103.1b฿53.7b฿3.1b11.6x32.9x1.9x
Sat, 11 Nov 2023฿98.1b฿52.6b฿2.9b12.7x33.4x1.9x
Mon, 09 Oct 2023฿97.8b฿50.9b฿2.8b13.7x34.3x1.9x
Wed, 06 Sep 2023฿105.9b฿49.9b฿2.8b14.3x38x2.1x
Fri, 04 Aug 2023฿95.8b฿47.7b฿2.8b14.6x34.7x2x
Sun, 02 Jul 2023฿92.0b฿47.7b฿2.8b14.2x33.3x1.9x
Tue, 30 May 2023฿91.1b฿47.7b฿2.8b14.9x33x1.9x
Thu, 27 Apr 2023฿85.8b฿40.3b฿2.2b14.4x38.2x2.1x
Sat, 25 Mar 2023฿101.6b฿40.3b฿2.2b16.5x45.2x2.5x
Price to Earnings Ratio

45.2x


Total Market Cap: ฿101.6bTotal Earnings: ฿2.2bTotal Revenue: ฿40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai IT Industry Price to Earnings3Y Average 24.2x202420252026
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 14.9x which is lower than its 3-year average PE of 24.2x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.70x.
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 Market-0.064%
Tech0.15%
IT0.011%
IT Consulting0.11%
Internet Services and Infrastructure-0.94%
Data Processing Services-7.25%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 4.6x.
    • 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 25.9x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 45% 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
SKY Sky ICT฿13.202.3%
+฿215.2m
-22.8%PE13.8x
BE8 Beryl 8 Plus฿6.108.9%
+฿132.4m
-47.9%PE28.7x
PIS Pro Inside฿3.585.3%
+฿97.2m
-25.4%PE7.1x
INSET Infraset฿2.582.4%
+฿48.1m
16.2%PE58.6x
INET Internet Thailand฿3.562.3%
+฿47.7m
-26.4%PE8.8x

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