Have your own idea? Try our Stock Screener
Thai (SET) Software Industry Analysis
UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies4
- 7D7.0%
- 3M12.2%
- 1Y28.7%
- YTD9.8%
Over the last 7 days, the Software industry has risen 4.3%, driven by gains from Netbay of 4.6%. In the last 12 months, the industry was up 29%. 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 |
|---|---|---|---|---|---|---|
| Thu, 19 Feb 2026 | ฿6.1b | ฿1.8b | ฿161.4m | 17.5x | 37.8x | 3.3x |
| Sat, 17 Jan 2026 | ฿5.6b | ฿1.8b | ฿161.4m | 16x | 34.9x | 3.1x |
| Mon, 15 Dec 2025 | ฿5.5b | ฿1.8b | ฿161.4m | 15.5x | 34x | 3x |
| Wed, 12 Nov 2025 | ฿5.7b | ฿1.8b | ฿373.5m | 15.9x | 15.2x | 3.2x |
| Fri, 10 Oct 2025 | ฿5.8b | ฿1.8b | ฿373.5m | 15.3x | 15.5x | 3.2x |
| Sun, 07 Sep 2025 | ฿5.9b | ฿1.8b | ฿373.5m | 15.4x | 15.9x | 3.3x |
| Tue, 05 Aug 2025 | ฿5.9b | ฿1.7b | ฿317.1m | 20.3x | 18.7x | 3.4x |
| Thu, 03 Jul 2025 | ฿7.0b | ฿2.0b | ฿63.4m | 19x | 110.8x | 3.5x |
| Sat, 31 May 2025 | ฿6.8b | ฿2.0b | ฿63.4m | 19.8x | 107.2x | 3.4x |
| Mon, 28 Apr 2025 | ฿7.4b | ฿1.9b | ฿46.9m | 22.7x | 158.3x | 4x |
| Wed, 26 Mar 2025 | ฿7.3b | ฿1.9b | ฿46.9m | 23.9x | 156.4x | 4x |
| Fri, 21 Feb 2025 | ฿6.5b | ฿1.8b | -฿33,600,519.00 | 15.7x | -194.7x | 3.6x |
| Sun, 19 Jan 2025 | ฿6.5b | ฿1.8b | -฿33,600,519.00 | 14.9x | -194.6x | 3.6x |
| Tue, 17 Dec 2024 | ฿7.4b | ฿1.8b | -฿33,600,519.00 | 17.5x | -219.4x | 4x |
| Thu, 14 Nov 2024 | ฿7.0b | ฿1.8b | -฿96,322,326.00 | 17.2x | -72.9x | 4x |
| Sat, 12 Oct 2024 | ฿7.6b | ฿1.8b | -฿74,817,742.00 | 18.5x | -101.8x | 4.3x |
| Mon, 09 Sep 2024 | ฿7.5b | ฿1.8b | -฿74,817,742.00 | 18.3x | -99.7x | 4.2x |
| Wed, 07 Aug 2024 | ฿6.5b | ฿1.7b | -฿194,104,900.00 | 14.6x | -33.4x | 3.7x |
| Fri, 05 Jul 2024 | ฿9.4b | ฿1.7b | -฿194,104,900.00 | 17.9x | -48.7x | 5.4x |
| Sun, 02 Jun 2024 | ฿8.9b | ฿1.8b | -฿156,473,090.00 | 21.4x | -56.6x | 4.9x |
| Tue, 30 Apr 2024 | ฿8.8b | ฿1.8b | -฿208,335,090.00 | 27.2x | -42.2x | 4.9x |
| Thu, 28 Mar 2024 | ฿10.4b | ฿1.8b | -฿208,335,090.00 | 29.7x | -50.1x | 5.8x |
| Sat, 24 Feb 2024 | ฿8.2b | ฿1.7b | ฿312.5m | 23x | 26.3x | 4.8x |
| Mon, 22 Jan 2024 | ฿8.9b | ฿1.7b | ฿312.5m | 25.5x | 28.4x | 5.2x |
| Wed, 20 Dec 2023 | ฿7.5b | ฿1.7b | ฿312.5m | 22.1x | 24.1x | 4.4x |
| Fri, 17 Nov 2023 | ฿7.3b | ฿1.7b | ฿278.5m | 25.3x | 26.4x | 4.4x |
| Sun, 15 Oct 2023 | ฿8.4b | ฿1.6b | ฿272.5m | 28.9x | 31x | 5.2x |
| Tue, 12 Sep 2023 | ฿9.3b | ฿1.6b | ฿272.5m | 36x | 34.3x | 5.8x |
| Thu, 10 Aug 2023 | ฿9.3b | ฿1.5b | ฿281.3m | 35.2x | 33.1x | 6.2x |
| Sat, 08 Jul 2023 | ฿10.2b | ฿1.5b | ฿281.3m | 39.1x | 36.2x | 6.8x |
| Mon, 05 Jun 2023 | ฿9.2b | ฿1.1b | ฿225.8m | 45.7x | 40.6x | 8.3x |
| Wed, 03 May 2023 | ฿18.8b | ฿2.0b | ฿413.8m | 50.9x | 45.5x | 9.3x |
| Fri, 31 Mar 2023 | ฿23.3b | ฿2.0b | ฿413.8m | 58.5x | 56.2x | 11.4x |
| Sun, 26 Feb 2023 | ฿22.5b | ฿2.0b | ฿237.8m | 70.3x | 94.4x | 11.2x |
Price to Earnings Ratio
94.4x
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 36.0x which is higher than its 3-year average PE of 0.34x.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 11% 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 | 3.94% | |
| Tech | 2.06% | |
| Software | 7.03% | |
| Application Software | 7.42% | |
| Systems Software | 1.56% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 46.2x.
- 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 27.8x.
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 | ฿24.70 | 9.3% +฿420.0m | 60.4% | PE18x | |
| BVG BlueVenture Group | ฿1.93 | 6.0% +฿49.5m | -3.0% | PE14x | |
| TBN TBN Corporation | ฿3.96 | 3.1% +฿12.0m | -39.1% | PE253.5x | |
| COMAN Comanche International | ฿0.46 | 9.5% +฿6.7m | -16.4% | PS0.5x |