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Thai (SET) Software Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies4
- 7D2.4%
- 3M15.4%
- 1Y28.7%
- YTD10.5%
Over the last 7 days, the Software industry has risen 5.9%, driven by gains from every company within the industry. This means that the industry has gained 27% over the past year. Earnings are forecast to grow by 7.2% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | ฿6.1b | ฿1.8b | ฿161.4m | 17.6x | 38x | 3.3x |
| Fri, 23 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 16x | 35x | 3.1x |
| Sun, 21 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.7x | 34.5x | 3x |
| Tue, 18 Nov 2025 | ฿5.4b | ฿1.8b | ฿148.2m | 15.2x | 36.1x | 3x |
| Thu, 16 Oct 2025 | ฿5.5b | ฿1.8b | ฿373.5m | 14.7x | 14.7x | 3.1x |
| Sat, 13 Sep 2025 | ฿6.0b | ฿1.8b | ฿373.5m | 15.9x | 16.2x | 3.4x |
| Mon, 11 Aug 2025 | ฿6.1b | ฿1.7b | ฿358.7m | 17.9x | 17.1x | 3.6x |
| Wed, 09 Jul 2025 | ฿7.2b | ฿2.0b | ฿63.4m | 19.6x | 113x | 3.6x |
| Fri, 06 Jun 2025 | ฿7.0b | ฿2.0b | ฿63.4m | 19.9x | 110.3x | 3.5x |
| Sun, 04 May 2025 | ฿7.5b | ฿1.9b | ฿46.9m | 23.2x | 159.8x | 4x |
| Tue, 01 Apr 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 23.5x | 152.6x | 3.9x |
| Thu, 27 Feb 2025 | ฿6.9b | ฿1.9b | ฿32.3m | 16.7x | 214.2x | 3.7x |
| Sat, 25 Jan 2025 | ฿6.8b | ฿1.8b | -฿33,600,519.00 | 15.4x | -201.3x | 3.7x |
| Mon, 23 Dec 2024 | ฿7.3b | ฿1.8b | -฿33,600,519.00 | 17.3x | -215.9x | 4x |
| Wed, 20 Nov 2024 | ฿7.0b | ฿1.8b | -฿28,901,326.00 | 16.3x | -240.9x | 3.8x |
| Fri, 18 Oct 2024 | ฿7.6b | ฿1.8b | -฿74,817,742.00 | 18.9x | -102.2x | 4.3x |
| Sun, 15 Sep 2024 | ฿7.9b | ฿1.8b | -฿74,817,742.00 | 19.5x | -105.8x | 4.4x |
| Tue, 13 Aug 2024 | ฿6.4b | ฿1.8b | -฿81,766,542.00 | 14.3x | -77.8x | 3.6x |
| Thu, 11 Jul 2024 | ฿9.9b | ฿1.7b | -฿194,104,900.00 | 19.8x | -51x | 5.7x |
| Sat, 08 Jun 2024 | ฿7.5b | ฿1.8b | -฿160,700,700.00 | 20.6x | -46.5x | 4.1x |
| Mon, 06 May 2024 | ฿9.7b | ฿1.8b | -฿208,335,090.00 | 26.6x | -46.5x | 5.4x |
| Wed, 03 Apr 2024 | ฿10.4b | ฿1.8b | -฿208,335,090.00 | 29.7x | -50x | 5.8x |
| Fri, 01 Mar 2024 | ฿8.2b | ฿1.7b | ฿304.7m | 25.4x | 26.8x | 4.8x |
| Sun, 28 Jan 2024 | ฿8.5b | ฿1.7b | ฿312.5m | 24.9x | 27.3x | 5x |
| Tue, 26 Dec 2023 | ฿8.8b | ฿1.7b | ฿312.5m | 25x | 28.1x | 5.1x |
| Thu, 23 Nov 2023 | ฿7.7b | ฿1.7b | ฿312.5m | 23.1x | 24.6x | 4.5x |
| Sat, 21 Oct 2023 | ฿8.0b | ฿1.6b | ฿272.5m | 26.6x | 29.3x | 4.9x |
| Mon, 18 Sep 2023 | ฿9.2b | ฿1.6b | ฿272.5m | 34.4x | 33.7x | 5.7x |
| Wed, 16 Aug 2023 | ฿9.2b | ฿1.6b | ฿276.1m | 31.7x | 33.3x | 5.7x |
| Fri, 14 Jul 2023 | ฿10.1b | ฿1.5b | ฿281.3m | 39.1x | 35.9x | 6.7x |
| Sun, 11 Jun 2023 | ฿9.3b | ฿1.1b | ฿225.8m | 47x | 41.1x | 8.4x |
| Tue, 09 May 2023 | ฿11.2b | ฿972.8m | ฿232.9m | 58.7x | 48.1x | 11.5x |
| Thu, 06 Apr 2023 | ฿21.6b | ฿2.0b | ฿413.8m | 55.6x | 52.1x | 10.6x |
| Sat, 04 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 38.1x which is higher than its 3-year average PE of -0.13x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 12% per year over the last three years,
- Revenues have also declined 3.0% 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 | 2.13% | |
| Tech | 9.53% | |
| Software | 2.36% | |
| Application Software | 2.53% | |
| Systems Software | 0% | 0 |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 47.9x.
- 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 27.3x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 7.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 7.2% 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 | ฿24.20 | 3.0% +฿140.0m | 50.3% | PE17.6x | |
| COMAN Comanche International | ฿0.44 | 2.3% +฿1.7m | -21.4% | PS0.4x |