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Thai (SET) Software Industry Analysis
UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies4
- 7D-12.8%
- 3M2.3%
- 1Y14.0%
- YTD-1.4%
Over the last 7 days, the Software industry has remained flat. The past year has been better, since the industry has gained 21% in that time. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Fri, 27 Feb 2026 | ฿5.5b | ฿1.9b | ฿104.4m | 15.4x | 52.5x | 3x |
| Sun, 25 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 15.9x | 34.8x | 3.1x |
| Tue, 23 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.7x | 34.5x | 3x |
| Thu, 20 Nov 2025 | ฿5.4b | ฿1.8b | ฿148.2m | 15.5x | 36.6x | 3x |
| Sat, 18 Oct 2025 | ฿5.4b | ฿1.8b | ฿373.5m | 14.5x | 14.5x | 3x |
| Mon, 15 Sep 2025 | ฿6.0b | ฿1.8b | ฿373.5m | 15.9x | 16.2x | 3.4x |
| Wed, 13 Aug 2025 | ฿6.1b | ฿1.7b | ฿358.7m | 17.9x | 17.1x | 3.6x |
| Fri, 11 Jul 2025 | ฿7.3b | ฿2.0b | ฿63.4m | 19.5x | 114.5x | 3.6x |
| Sun, 08 Jun 2025 | ฿7.1b | ฿2.0b | ฿63.4m | 20.5x | 112.2x | 3.6x |
| Tue, 06 May 2025 | ฿7.5b | ฿1.9b | ฿46.9m | 23.2x | 159.8x | 4x |
| Thu, 03 Apr 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 22.9x | 153.8x | 3.9x |
| Sat, 01 Mar 2025 | ฿6.6b | ฿1.9b | ฿46.9m | 21.3x | 141.4x | 3.6x |
| Mon, 27 Jan 2025 | ฿6.8b | ฿1.8b | -฿33,600,519.00 | 15.4x | -201.3x | 3.7x |
| Wed, 25 Dec 2024 | ฿7.4b | ฿1.8b | -฿33,600,519.00 | 17.9x | -220.5x | 4x |
| Fri, 22 Nov 2024 | ฿7.0b | ฿1.8b | -฿33,600,519.00 | 16.1x | -207.4x | 3.8x |
| Sun, 20 Oct 2024 | ฿7.5b | ฿1.8b | -฿74,817,742.00 | 18.1x | -99.7x | 4.2x |
| Tue, 17 Sep 2024 | ฿9.7b | ฿1.8b | -฿74,817,742.00 | 19.7x | -130.2x | 5.5x |
| Thu, 15 Aug 2024 | ฿8.4b | ฿1.8b | -฿81,766,542.00 | 15.1x | -102.8x | 4.7x |
| Sat, 13 Jul 2024 | ฿8.0b | ฿1.7b | -฿194,104,900.00 | 19.8x | -41.4x | 4.6x |
| Mon, 10 Jun 2024 | ฿7.5b | ฿1.8b | -฿177,063,700.00 | 19.8x | -42.2x | 4.2x |
| Wed, 08 May 2024 | ฿10.0b | ฿1.8b | -฿208,335,090.00 | 27.7x | -47.8x | 5.6x |
| Fri, 05 Apr 2024 | ฿10.1b | ฿1.8b | -฿208,335,090.00 | 28.4x | -48.7x | 5.7x |
| Sun, 03 Mar 2024 | ฿10.1b | ฿1.8b | -฿215,940,854.00 | 26x | -46.6x | 5.6x |
| Tue, 30 Jan 2024 | ฿8.3b | ฿1.7b | ฿312.5m | 23.7x | 26.6x | 4.8x |
| Thu, 28 Dec 2023 | ฿8.9b | ฿1.7b | ฿312.5m | 25.5x | 28.4x | 5.2x |
| Sat, 25 Nov 2023 | ฿7.6b | ฿1.7b | ฿312.5m | 23.4x | 24.2x | 4.4x |
| Mon, 23 Oct 2023 | ฿8.0b | ฿1.6b | ฿272.5m | 26.6x | 29.3x | 4.9x |
| Wed, 20 Sep 2023 | ฿9.4b | ฿1.6b | ฿272.5m | 34x | 34.6x | 5.8x |
| Fri, 18 Aug 2023 | ฿9.2b | ฿1.6b | ฿276.1m | 33.8x | 33.4x | 5.7x |
| Sun, 16 Jul 2023 | ฿10.3b | ฿1.5b | ฿281.3m | 39.7x | 36.8x | 6.9x |
| Tue, 13 Jun 2023 | ฿9.4b | ฿1.1b | ฿225.8m | 47.9x | 41.8x | 8.6x |
| Thu, 11 May 2023 | ฿11.2b | ฿972.8m | ฿232.9m | 57.9x | 47.9x | 11.5x |
| Sat, 08 Apr 2023 | ฿22.2b | ฿2.0b | ฿413.8m | 55.1x | 53.7x | 10.9x |
| Mon, 06 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 38.0x which is higher than its 3-year average PE of -0.24x.
- 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 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 | 2.65% | |
| Tech | 15.96% | |
| Software | -12.79% | |
| Systems Software | -1.01% | |
| Application Software | -13.58% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 48.3x.
- 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 27.2x.
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 30% 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 | |
|---|---|---|---|---|---|
| COMAN Comanche International | ฿0.47 | 2.2% +฿1.7m | -14.5% | PS0.5x |