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Thai (SET) Software Industry Analysis
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies4
- 7D-12.7%
- 3M0.4%
- 1Y11.8%
- YTD-3.2%
Over the last 7 days, the Software industry has dropped 13%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 9.6% per annum.
Industry Valuation and Performance
Has the Thai Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | ฿5.4b | ฿1.8b | ฿95.7m | 15.6x | 56.2x | 2.9x |
| Mon, 26 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 15.9x | 34.8x | 3.1x |
| Wed, 24 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.9x | 34.8x | 3.1x |
| Fri, 21 Nov 2025 | ฿5.4b | ฿1.8b | ฿148.2m | 15.7x | 36.7x | 3x |
| Sun, 19 Oct 2025 | ฿5.4b | ฿1.8b | ฿373.5m | 14.5x | 14.5x | 3x |
| Tue, 16 Sep 2025 | ฿6.0b | ฿1.8b | ฿373.5m | 16x | 16x | 3.3x |
| Thu, 14 Aug 2025 | ฿6.2b | ฿1.7b | ฿358.7m | 18x | 17.2x | 3.6x |
| Sat, 12 Jul 2025 | ฿7.3b | ฿2.0b | ฿63.4m | 19.5x | 114.5x | 3.6x |
| Mon, 09 Jun 2025 | ฿7.1b | ฿2.0b | ฿63.4m | 20.5x | 112.2x | 3.6x |
| Wed, 07 May 2025 | ฿7.3b | ฿1.9b | ฿46.9m | 22.4x | 156.2x | 4x |
| Fri, 04 Apr 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 22.8x | 153.4x | 3.9x |
| Sun, 02 Mar 2025 | ฿6.6b | ฿1.9b | ฿46.9m | 21.3x | 141.4x | 3.6x |
| Tue, 28 Jan 2025 | ฿6.7b | ฿1.8b | -฿33,600,519.00 | 15.5x | -200.4x | 3.7x |
| Thu, 26 Dec 2024 | ฿7.4b | ฿1.8b | -฿33,600,519.00 | 17.6x | -219.2x | 4x |
| Sat, 23 Nov 2024 | ฿7.0b | ฿1.8b | -฿33,600,519.00 | 16x | -207.6x | 3.8x |
| Mon, 21 Oct 2024 | ฿7.5b | ฿1.8b | -฿74,817,742.00 | 18.1x | -99.7x | 4.2x |
| Wed, 18 Sep 2024 | ฿7.9b | ฿1.8b | -฿74,817,742.00 | 19.2x | -105x | 4.4x |
| Fri, 16 Aug 2024 | ฿6.5b | ฿1.8b | -฿75,740,542.00 | 15x | -85.6x | 3.6x |
| Sun, 14 Jul 2024 | ฿8.0b | ฿1.7b | -฿194,104,900.00 | 19.8x | -41.4x | 4.6x |
| Tue, 11 Jun 2024 | ฿7.5b | ฿1.8b | -฿177,063,700.00 | 19.4x | -42.2x | 4.2x |
| Thu, 09 May 2024 | ฿9.9b | ฿1.8b | -฿208,335,090.00 | 27.4x | -47.6x | 5.5x |
| Sat, 06 Apr 2024 | ฿10.1b | ฿1.8b | -฿208,335,090.00 | 28x | -48.3x | 5.6x |
| Mon, 04 Mar 2024 | ฿10.1b | ฿1.8b | -฿215,940,854.00 | 26x | -46.6x | 5.6x |
| Wed, 31 Jan 2024 | ฿8.4b | ฿1.7b | ฿312.5m | 24.1x | 26.8x | 4.9x |
| Fri, 29 Dec 2023 | ฿8.9b | ฿1.7b | ฿312.5m | 25.1x | 28.3x | 5.2x |
| Sun, 26 Nov 2023 | ฿7.6b | ฿1.7b | ฿312.5m | 23.4x | 24.2x | 4.4x |
| Tue, 24 Oct 2023 | ฿8.0b | ฿1.6b | ฿272.5m | 26.6x | 29.3x | 4.9x |
| Thu, 21 Sep 2023 | ฿9.2b | ฿1.6b | ฿272.5m | 33.8x | 33.6x | 5.7x |
| Sat, 19 Aug 2023 | ฿9.1b | ฿1.6b | ฿272.5m | 35.1x | 33.5x | 5.6x |
| Mon, 17 Jul 2023 | ฿10.3b | ฿1.5b | ฿281.3m | 39.7x | 36.8x | 6.9x |
| Wed, 14 Jun 2023 | ฿9.4b | ฿1.1b | ฿225.8m | 47.8x | 41.8x | 8.6x |
| Fri, 12 May 2023 | ฿11.4b | ฿972.8m | ฿232.9m | 61.6x | 48.8x | 11.7x |
| Sun, 09 Apr 2023 | ฿22.2b | ฿2.0b | ฿413.8m | 55.1x | 53.7x | 10.9x |
| Tue, 07 Mar 2023 | ฿23.1b | ฿2.0b | ฿237.8m | 66.2x | 97.2x | 11.5x |
Price to Earnings Ratio
97.2x
Current Industry PE
- Investors are optimistic on the Thai Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 56.2x which is higher than its 3-year average PE of -0.33x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 26% per year over the last three years,
- Revenues have also declined 2.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | 3.27% | |
| Tech | 17.83% | |
| Software | -12.67% | |
| Systems Software | -2.54% | |
| Application Software | -13.36% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 48.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 27.1x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 9.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 9.6% 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 | |
|---|---|---|---|---|---|
| No data available | |||||