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Thai (SET) Software Industry Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies4
- 7D-12.7%
- 3M0.3%
- 1Y11.8%
- YTD-3.2%
Over the last 7 days, the Software industry has dropped 13%, driven by declines from every company within the industry. Over the past 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 9.6% 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | ฿5.4b | ฿1.9b | ฿113.9m | 15.6x | 47.2x | 2.9x |
| Wed, 28 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 16x | 34.9x | 3.1x |
| Fri, 26 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.6x | 34.6x | 3x |
| Sun, 23 Nov 2025 | ฿5.4b | ฿1.8b | ฿161.4m | 14.7x | 33.3x | 2.9x |
| Tue, 21 Oct 2025 | ฿5.4b | ฿1.8b | ฿373.5m | 14.5x | 14.5x | 3x |
| Thu, 18 Sep 2025 | ฿6.1b | ฿1.8b | ฿373.5m | 16.2x | 16.3x | 3.4x |
| Sat, 16 Aug 2025 | ฿6.2b | ฿1.7b | ฿351.7m | 17.6x | 17.7x | 3.6x |
| Mon, 14 Jul 2025 | ฿5.6b | ฿1.7b | ฿317.1m | 19.5x | 17.6x | 3.2x |
| Wed, 11 Jun 2025 | ฿7.0b | ฿2.0b | ฿63.4m | 19.9x | 111x | 3.5x |
| Fri, 09 May 2025 | ฿7.4b | ฿1.9b | ฿46.9m | 22.4x | 157.1x | 4x |
| Sun, 06 Apr 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 23.5x | 152.3x | 3.9x |
| Tue, 04 Mar 2025 | ฿6.6b | ฿1.9b | ฿46.9m | 21.5x | 141.1x | 3.6x |
| Thu, 30 Jan 2025 | ฿6.7b | ฿1.8b | -฿33,600,519.00 | 15.3x | -199.2x | 3.7x |
| Sat, 28 Dec 2024 | ฿7.3b | ฿1.8b | -฿33,600,519.00 | 17.3x | -217.1x | 4x |
| Mon, 25 Nov 2024 | ฿7.0b | ฿1.8b | -฿33,600,519.00 | 16x | -207.6x | 3.8x |
| Wed, 23 Oct 2024 | ฿7.3b | ฿1.8b | -฿74,817,742.00 | 17.4x | -97.2x | 4.1x |
| Fri, 20 Sep 2024 | ฿7.9b | ฿1.8b | -฿74,817,742.00 | 19.8x | -106.2x | 4.5x |
| Sun, 18 Aug 2024 | ฿8.4b | ฿1.8b | -฿74,817,742.00 | 15.3x | -111.7x | 4.7x |
| Tue, 16 Jul 2024 | ฿7.9b | ฿1.7b | -฿194,104,900.00 | 19x | -40.7x | 4.6x |
| Thu, 13 Jun 2024 | ฿8.5b | ฿1.7b | -฿194,104,900.00 | 19.3x | -43.8x | 4.9x |
| Sat, 11 May 2024 | ฿9.7b | ฿1.8b | -฿208,335,090.00 | 25.7x | -46.5x | 5.4x |
| Mon, 08 Apr 2024 | ฿10.1b | ฿1.8b | -฿208,335,090.00 | 28x | -48.3x | 5.6x |
| Wed, 06 Mar 2024 | ฿9.9b | ฿1.8b | -฿215,940,854.00 | 25.6x | -45.9x | 5.5x |
| Fri, 02 Feb 2024 | ฿8.3b | ฿1.7b | ฿312.5m | 24x | 26.7x | 4.9x |
| Sun, 31 Dec 2023 | ฿8.9b | ฿1.7b | ฿312.5m | 25.1x | 28.3x | 5.2x |
| Tue, 28 Nov 2023 | ฿7.6b | ฿1.7b | ฿312.5m | 23.6x | 24.4x | 4.4x |
| Thu, 26 Oct 2023 | ฿7.9b | ฿1.6b | ฿272.5m | 25.3x | 28.9x | 4.9x |
| Sat, 23 Sep 2023 | ฿9.3b | ฿1.6b | ฿272.5m | 33.8x | 34.2x | 5.8x |
| Mon, 21 Aug 2023 | ฿9.1b | ฿1.6b | ฿272.5m | 35.1x | 33.5x | 5.6x |
| Wed, 19 Jul 2023 | ฿10.2b | ฿1.5b | ฿281.3m | 39.9x | 36.3x | 6.8x |
| Fri, 16 Jun 2023 | ฿9.0b | ฿1.1b | ฿225.8m | 45.3x | 39.8x | 8.2x |
| Sun, 14 May 2023 | ฿10.3b | ฿972.8m | ฿232.9m | 56x | 44x | 10.5x |
| Tue, 11 Apr 2023 | ฿22.2b | ฿2.0b | ฿413.8m | 56.4x | 53.7x | 10.9x |
| Thu, 09 Mar 2023 | ฿23.3b | ฿2.0b | ฿255.1m | 65.6x | 91.2x | 11.5x |
Price to Earnings Ratio
91.2x
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 -0.37x.
- 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 2.7% 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 48.9x.
- 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 27.1x.
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 | |||||