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Thai (SET) Software Industry Analysis
UpdatedMar 01, 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. In the past year, the industry has gained 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | ฿5.4b | ฿1.9b | ฿95.7m | 15.6x | 56.2x | 2.9x |
| Tue, 27 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 15.8x | 34.6x | 3x |
| Thu, 25 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.9x | 34.9x | 3.1x |
| Sat, 22 Nov 2025 | ฿5.4b | ฿1.8b | ฿161.4m | 14.7x | 33.3x | 2.9x |
| Mon, 20 Oct 2025 | ฿5.4b | ฿1.8b | ฿373.5m | 14.5x | 14.5x | 3x |
| Wed, 17 Sep 2025 | ฿6.1b | ฿1.8b | ฿373.5m | 16.3x | 16.4x | 3.4x |
| Fri, 15 Aug 2025 | ฿6.1b | ฿1.7b | ฿351.7m | 17.1x | 17.2x | 3.5x |
| Sun, 13 Jul 2025 | ฿5.6b | ฿1.7b | ฿317.1m | 19.5x | 17.6x | 3.2x |
| Tue, 10 Jun 2025 | ฿7.0b | ฿2.0b | ฿63.4m | 19.9x | 111.1x | 3.5x |
| Thu, 08 May 2025 | ฿7.4b | ฿1.9b | ฿46.9m | 22.6x | 157.7x | 4x |
| Sat, 05 Apr 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 23.5x | 152.3x | 3.9x |
| Mon, 03 Mar 2025 | ฿6.6b | ฿1.9b | ฿46.9m | 21.3x | 141.4x | 3.6x |
| Wed, 29 Jan 2025 | ฿6.7b | ฿1.8b | -฿33,600,519.00 | 15.5x | -200.6x | 3.7x |
| Fri, 27 Dec 2024 | ฿7.3b | ฿1.8b | -฿33,600,519.00 | 17.4x | -218.6x | 4x |
| Sun, 24 Nov 2024 | ฿7.0b | ฿1.8b | -฿33,600,519.00 | 16x | -207.6x | 3.8x |
| Tue, 22 Oct 2024 | ฿7.5b | ฿1.8b | -฿74,817,742.00 | 18.1x | -99.7x | 4.2x |
| Thu, 19 Sep 2024 | ฿7.8b | ฿1.8b | -฿74,817,742.00 | 19.4x | -104.4x | 4.4x |
| Sat, 17 Aug 2024 | ฿8.4b | ฿1.8b | -฿74,817,742.00 | 15.3x | -111.7x | 4.7x |
| Mon, 15 Jul 2024 | ฿8.0b | ฿1.7b | -฿194,104,900.00 | 19.8x | -41.4x | 4.6x |
| Wed, 12 Jun 2024 | ฿8.4b | ฿1.7b | -฿194,104,900.00 | 19.7x | -43.4x | 4.9x |
| Fri, 10 May 2024 | ฿10.1b | ฿1.8b | -฿208,335,090.00 | 28.8x | -48.3x | 5.6x |
| Sun, 07 Apr 2024 | ฿10.1b | ฿1.8b | -฿208,335,090.00 | 28x | -48.3x | 5.6x |
| Tue, 05 Mar 2024 | ฿9.9b | ฿1.8b | -฿215,940,854.00 | 25.5x | -45.8x | 5.5x |
| Thu, 01 Feb 2024 | ฿8.4b | ฿1.7b | ฿312.5m | 24.3x | 26.7x | 4.9x |
| Sat, 30 Dec 2023 | ฿8.9b | ฿1.7b | ฿312.5m | 25.1x | 28.3x | 5.2x |
| Mon, 27 Nov 2023 | ฿7.6b | ฿1.7b | ฿312.5m | 23.4x | 24.2x | 4.4x |
| Wed, 25 Oct 2023 | ฿7.9b | ฿1.6b | ฿272.5m | 26x | 29.1x | 4.9x |
| Fri, 22 Sep 2023 | ฿9.3b | ฿1.6b | ฿272.5m | 33.5x | 34.1x | 5.7x |
| Sun, 20 Aug 2023 | ฿9.1b | ฿1.6b | ฿272.5m | 35.1x | 33.5x | 5.6x |
| Tue, 18 Jul 2023 | ฿10.4b | ฿1.5b | ฿281.3m | 40.2x | 36.9x | 6.9x |
| Thu, 15 Jun 2023 | ฿9.1b | ฿1.1b | ฿225.8m | 45.7x | 40.5x | 8.3x |
| Sat, 13 May 2023 | ฿10.3b | ฿972.8m | ฿232.9m | 56x | 44x | 10.5x |
| Mon, 10 Apr 2023 | ฿22.2b | ฿2.0b | ฿413.8m | 55.1x | 53.7x | 10.9x |
| Wed, 08 Mar 2023 | ฿23.1b | ฿2.0b | ฿237.8m | 65.6x | 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 | |||||