Have your own idea? Try our Stock Screener
Thai (SET) Software Industry Analysis
UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies4
- 7D5.9%
- 3M14.6%
- 1Y26.8%
- YTD10.8%
All of the companies in the Software industry have been up over the last week, with the industry up 7.0%. This means that the industry has gained 29% over the past year. As for the next few years, earnings are expected to grow by 7.2% 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, 22 Feb 2026 | ฿6.2b | ฿1.8b | ฿161.4m | 17.6x | 38.1x | 3.3x |
| Tue, 20 Jan 2026 | ฿5.7b | ฿1.8b | ฿161.4m | 16x | 35x | 3.1x |
| Thu, 18 Dec 2025 | ฿5.6b | ฿1.8b | ฿161.4m | 15.7x | 34.5x | 3x |
| Sat, 15 Nov 2025 | ฿5.4b | ฿1.8b | ฿376.8m | 14.7x | 14.2x | 3x |
| Mon, 13 Oct 2025 | ฿5.7b | ฿1.8b | ฿373.5m | 15.2x | 15.2x | 3.2x |
| Wed, 10 Sep 2025 | ฿6.1b | ฿1.8b | ฿373.5m | 15.9x | 16.2x | 3.4x |
| Fri, 08 Aug 2025 | ฿6.1b | ฿1.7b | ฿317.1m | 20.8x | 19.1x | 3.5x |
| Sun, 06 Jul 2025 | ฿7.2b | ฿2.0b | ฿63.4m | 19.4x | 112.8x | 3.6x |
| Tue, 03 Jun 2025 | ฿6.8b | ฿2.0b | ฿63.4m | 19.8x | 107.2x | 3.4x |
| Thu, 01 May 2025 | ฿7.4b | ฿1.9b | ฿46.9m | 23x | 158.3x | 4x |
| Sat, 29 Mar 2025 | ฿7.2b | ฿1.9b | ฿46.9m | 22.9x | 153x | 3.9x |
| Mon, 24 Feb 2025 | ฿6.7b | ฿1.9b | -฿17,987,996.00 | 15x | -371.3x | 3.6x |
| Wed, 22 Jan 2025 | ฿6.7b | ฿1.8b | -฿33,600,519.00 | 15.7x | -199.6x | 3.7x |
| Fri, 20 Dec 2024 | ฿7.3b | ฿1.8b | -฿33,600,519.00 | 17.4x | -216.4x | 4x |
| Sun, 17 Nov 2024 | ฿7.0b | ฿1.8b | -฿96,321,326.00 | 17.3x | -72.4x | 4x |
| Tue, 15 Oct 2024 | ฿7.6b | ฿1.8b | -฿74,817,742.00 | 18.5x | -101.8x | 4.3x |
| Thu, 12 Sep 2024 | ฿7.6b | ฿1.8b | -฿74,817,742.00 | 18.3x | -102.1x | 4.3x |
| Sat, 10 Aug 2024 | ฿6.4b | ฿1.7b | -฿197,128,542.00 | 14.3x | -32.3x | 3.7x |
| Mon, 08 Jul 2024 | ฿7.9b | ฿1.7b | -฿194,104,900.00 | 18.6x | -40.7x | 4.6x |
| Wed, 05 Jun 2024 | ฿8.7b | ฿1.8b | -฿156,473,090.00 | 20.6x | -55.3x | 4.8x |
| Fri, 03 May 2024 | ฿9.6b | ฿1.8b | -฿208,335,090.00 | 26.3x | -46.3x | 5.4x |
| Sun, 31 Mar 2024 | ฿10.3b | ฿1.8b | -฿208,335,090.00 | 28.6x | -49.5x | 5.8x |
| Tue, 27 Feb 2024 | ฿8.2b | ฿1.7b | ฿295.0m | 25.2x | 27.9x | 4.9x |
| Thu, 25 Jan 2024 | ฿8.8b | ฿1.7b | ฿312.5m | 25.8x | 28.1x | 5.1x |
| Sat, 23 Dec 2023 | ฿8.5b | ฿1.7b | ฿312.5m | 24.3x | 27.1x | 4.9x |
| Mon, 20 Nov 2023 | ฿7.6b | ฿1.7b | ฿298.8m | 27.3x | 25.3x | 4.5x |
| Wed, 18 Oct 2023 | ฿8.4b | ฿1.6b | ฿272.5m | 28.9x | 31x | 5.2x |
| Fri, 15 Sep 2023 | ฿9.3b | ฿1.6b | ฿272.5m | 34.4x | 34.1x | 5.7x |
| Sun, 13 Aug 2023 | ฿9.5b | ฿1.6b | ฿291.4m | 35x | 32.4x | 6.1x |
| Tue, 11 Jul 2023 | ฿10.3b | ฿1.5b | ฿281.3m | 40.4x | 36.6x | 6.8x |
| Thu, 08 Jun 2023 | ฿9.2b | ฿1.1b | ฿225.8m | 46.4x | 40.8x | 8.4x |
| Sat, 06 May 2023 | ฿11.0b | ฿972.8m | ฿232.9m | 55.8x | 47.4x | 11.3x |
| Mon, 03 Apr 2023 | ฿21.9b | ฿2.0b | ฿413.8m | 57.6x | 53x | 10.8x |
| Wed, 01 Mar 2023 | ฿22.8b | ฿2.0b | ฿237.8m | 71.5x | 95.7x | 11.3x |
Price to Earnings Ratio
95.7x
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 37.8x which is higher than its 3-year average PE of 0.16x.
- The 3-year average PS ratio of 5.0x 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 | 3.48% | |
| Tech | 7.83% | |
| Software | 5.92% | |
| Application Software | 6.12% | |
| Systems Software | 3.14% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 46.9x.
- 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 27.6x.
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 | ฿24.10 | 6.2% +฿280.0m | 48.8% | PE17.6x | |
| BVG BlueVenture Group | ฿1.92 | 4.9% +฿40.5m | -2.0% | PE13.9x | |
| TBN TBN Corporation | ฿3.94 | 3.1% +฿12.0m | -38.4% | PE252.2x | |
| COMAN Comanche International | ฿0.47 | 17.5% +฿11.7m | -14.5% | PS0.5x |