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Thai (SET) Software Industry Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies5
- 7D4.7%
- 3M2.6%
- 1Y-15.0%
- YTD-3.4%
The Software industry is up 4.7% in the last week, with Netbay up 11%. Meanwhile, BlueVenture Group actually underperformed within the industry, shrinking 7.9% in the last week. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 5.3% 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, 07 Jun 2025 | ฿7.1b | ฿2.0b | ฿63.4m | 20.5x | 112.2x | 3.6x |
| Mon, 05 May 2025 | ฿7.5b | ฿1.9b | ฿46.9m | 23.2x | 159.8x | 4x |
| Wed, 02 Apr 2025 | ฿7.1b | ฿1.9b | ฿46.9m | 22.9x | 152.2x | 3.9x |
| Fri, 28 Feb 2025 | ฿6.6b | ฿1.9b | ฿32.3m | 15.7x | 205x | 3.6x |
| Sun, 26 Jan 2025 | ฿6.8b | ฿1.8b | -฿33,600,519.00 | 15.4x | -201.3x | 3.7x |
| Tue, 24 Dec 2024 | ฿7.2b | ฿1.8b | -฿33,600,519.00 | 17.1x | -214x | 3.9x |
| Thu, 21 Nov 2024 | ฿7.0b | ฿1.8b | -฿28,901,326.00 | 16.4x | -241.5x | 3.8x |
| Sat, 19 Oct 2024 | ฿7.5b | ฿1.8b | -฿74,817,742.00 | 18.1x | -99.7x | 4.2x |
| Mon, 16 Sep 2024 | ฿7.9b | ฿1.8b | -฿74,817,742.00 | 19.5x | -105.8x | 4.4x |
| Wed, 14 Aug 2024 | ฿6.4b | ฿1.8b | -฿81,766,542.00 | 14.6x | -78.4x | 3.6x |
| Fri, 12 Jul 2024 | ฿8.0b | ฿1.7b | -฿194,104,900.00 | 19.6x | -41.1x | 4.6x |
| Sun, 09 Jun 2024 | ฿7.5b | ฿1.8b | -฿160,700,700.00 | 20.6x | -46.5x | 4.1x |
| Tue, 07 May 2024 | ฿9.7b | ฿1.8b | -฿208,335,090.00 | 26.6x | -46.5x | 5.4x |
| Thu, 04 Apr 2024 | ฿10.3b | ฿1.8b | -฿208,335,090.00 | 28.7x | -49.2x | 5.7x |
| Sat, 02 Mar 2024 | ฿10.1b | ฿1.8b | -฿215,940,854.00 | 26x | -46.6x | 5.6x |
| Mon, 29 Jan 2024 | ฿8.5b | ฿1.7b | ฿312.5m | 24.9x | 27.3x | 5x |
| Wed, 27 Dec 2023 | ฿8.6b | ฿1.7b | ฿312.5m | 24x | 27.5x | 5x |
| Fri, 24 Nov 2023 | ฿7.6b | ฿1.7b | ฿312.5m | 23.6x | 24.4x | 4.4x |
| Sun, 22 Oct 2023 | ฿8.0b | ฿1.6b | ฿272.5m | 26.6x | 29.3x | 4.9x |
| Tue, 19 Sep 2023 | ฿9.2b | ฿1.6b | ฿272.5m | 34.2x | 33.8x | 5.7x |
| Thu, 17 Aug 2023 | ฿9.1b | ฿1.6b | ฿276.1m | 32.9x | 33.1x | 5.6x |
| Sat, 15 Jul 2023 | ฿10.3b | ฿1.5b | ฿281.3m | 39.7x | 36.8x | 6.9x |
| Mon, 12 Jun 2023 | ฿9.3b | ฿1.1b | ฿225.8m | 47x | 41.1x | 8.4x |
| Wed, 10 May 2023 | ฿11.2b | ฿972.8m | ฿232.9m | 58.3x | 48x | 11.5x |
| Fri, 07 Apr 2023 | ฿22.3b | ฿2.0b | ฿413.8m | 55.6x | 54x | 11x |
| Sun, 05 Mar 2023 | ฿23.1b | ฿2.0b | ฿237.8m | 66.2x | 97.2x | 11.5x |
| Tue, 31 Jan 2023 | ฿22.2b | ฿1.6b | ฿201.1m | 56.7x | 110.2x | 14x |
| Thu, 29 Dec 2022 | ฿18.5b | ฿1.6b | ฿201.1m | 48.7x | 91.8x | 11.6x |
| Sat, 26 Nov 2022 | ฿18.4b | ฿1.6b | ฿201.1m | 48.5x | 91.4x | 11.6x |
| Mon, 24 Oct 2022 | ฿19.8b | ฿1.4b | ฿254.7m | 65.7x | 77.6x | 13.6x |
| Wed, 21 Sep 2022 | ฿19.8b | ฿1.4b | ฿254.7m | 65.1x | 77.6x | 13.6x |
| Fri, 19 Aug 2022 | ฿20.6b | ฿1.4b | ฿241.4m | 50.7x | 85.5x | 14.3x |
| Sun, 17 Jul 2022 | ฿18.9b | ฿1.4b | ฿247.8m | 42.4x | 76.4x | 13.7x |
| Tue, 14 Jun 2022 | ฿21.2b | ฿1.4b | ฿247.8m | 49.2x | 85.8x | 15.4x |
Price to Earnings Ratio
85.8x
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 112x which is higher than its 3-year average PE of 11.8x.
- The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 37% per year 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Tech industry?
| TH Market | -1.11% | |
| Tech | -7.17% | |
| Software | 4.69% | |
| Application Software | 5.03% | |
| Systems Software | 0.88% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 37.9x.
- Analysts are expecting annual earnings growth of 5.3%, which is lower than the prior year's growth of 7.2% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.6x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 5.3% over the next 5 years.
- However this is lower than its past earnings growth rate of 7.2% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|
| NETBAY Netbay | ฿19.40 | 10.9% +฿380.0m | 8.4% | PE16.2x | |
| TBN TBN Corporation | ฿5.70 | 0.9% +฿5.0m | -40.0% | PE24.8x |