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Thai (SET) Application Software Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies3
- 7D1.4%
- 3M5.5%
- 1Y29.8%
- YTDn/a
The Application Software industry is up 1.8% in the last week, with Netbay up 1.4%. In the last 12 months, the industry was up 22%. Earnings are forecast to grow by 7.1% annually.
Industry Valuation and Performance
Has the Thai Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | ฿5.2b | ฿1.5b | ฿159.9m | 14.2x | 32.7x | 3.5x |
| Mon, 15 Dec 2025 | ฿5.1b | ฿1.5b | ฿159.9m | 13.9x | 31.8x | 3.4x |
| Wed, 12 Nov 2025 | ฿5.2b | ฿1.4b | ฿363.1m | 15.4x | 14.4x | 3.6x |
| Fri, 10 Oct 2025 | ฿5.3b | ฿1.4b | ฿363.1m | 13.7x | 14.7x | 3.7x |
| Sun, 07 Sep 2025 | ฿5.5b | ฿1.4b | ฿363.1m | 13.2x | 15.1x | 3.8x |
| Tue, 05 Aug 2025 | ฿5.4b | ฿1.4b | ฿294.2m | 18.8x | 18.4x | 3.9x |
| Thu, 03 Jul 2025 | ฿6.5b | ฿1.7b | ฿40.4m | 16.4x | 161.5x | 3.9x |
| Sat, 31 May 2025 | ฿6.2b | ฿1.7b | ฿40.4m | 14.9x | 154.1x | 3.8x |
| Mon, 28 Apr 2025 | ฿6.8b | ฿1.5b | ฿24.9m | 18.9x | 274.6x | 4.5x |
| Wed, 26 Mar 2025 | ฿6.7b | ฿1.5b | ฿24.9m | 17.8x | 268.1x | 4.4x |
| Fri, 21 Feb 2025 | ฿5.9b | ฿1.4b | -฿87,004,805.00 | 15.7x | -67.7x | 4.1x |
| Sun, 19 Jan 2025 | ฿5.8b | ฿1.4b | -฿87,004,805.00 | 16.2x | -67.1x | 4x |
| Tue, 17 Dec 2024 | ฿6.7b | ฿1.4b | -฿87,004,805.00 | 19.5x | -76.4x | 4.6x |
| Thu, 14 Nov 2024 | ฿6.4b | ฿1.4b | -฿154,425,805.00 | 20x | -41.4x | 4.7x |
| Sat, 12 Oct 2024 | ฿7.0b | ฿1.4b | -฿132,921,221.00 | 20.7x | -52.3x | 5x |
| Mon, 09 Sep 2024 | ฿6.7b | ฿1.4b | -฿132,921,221.00 | 18.5x | -50.7x | 4.9x |
| Wed, 07 Aug 2024 | ฿5.9b | ฿1.3b | -฿251,285,579.00 | 15.3x | -23.6x | 4.5x |
| Fri, 05 Jul 2024 | ฿8.6b | ฿1.3b | -฿251,285,579.00 | 18.5x | -34.2x | 6.5x |
| Sun, 02 Jun 2024 | ฿7.9b | ฿1.4b | -฿230,694,969.00 | 22x | -34.2x | 5.8x |
| Tue, 30 Apr 2024 | ฿7.8b | ฿1.3b | -฿282,556,969.00 | 32x | -27.6x | 5.8x |
| Thu, 28 Mar 2024 | ฿9.2b | ฿1.3b | -฿282,556,969.00 | 36.5x | -32.7x | 6.9x |
| Sat, 24 Feb 2024 | ฿7.0b | ฿1.3b | ฿245.9m | 28.4x | 28.5x | 5.5x |
| Mon, 22 Jan 2024 | ฿7.5b | ฿1.3b | ฿245.9m | 29.2x | 30.4x | 5.9x |
| Wed, 20 Dec 2023 | ฿6.1b | ฿1.3b | ฿245.9m | 25.4x | 24.6x | 4.8x |
| Fri, 17 Nov 2023 | ฿5.9b | ฿1.2b | ฿222.1m | 24.4x | 26.7x | 4.8x |
| Sun, 15 Oct 2023 | ฿6.8b | ฿1.2b | ฿216.1m | 28.1x | 31.5x | 5.7x |
| Tue, 12 Sep 2023 | ฿7.3b | ฿1.2b | ฿216.1m | 31.5x | 33.8x | 6.1x |
| Thu, 10 Aug 2023 | ฿7.4b | ฿1.1b | ฿225.8m | 32.4x | 32.6x | 6.7x |
| Sat, 08 Jul 2023 | ฿8.0b | ฿1.1b | ฿225.8m | 37.7x | 35.5x | 7.3x |
| 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 |
| Tue, 24 Jan 2023 | ฿20.1b | ฿1.6b | ฿201.1m | 53.1x | 99.9x | 12.7x |
Price to Earnings Ratio
99.9x
Current Industry PE
- There are only 3 companies in the Thai Application Software industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Application Software industry have declined 7.4% per year over the last three years,
- Revenues have also declined 2.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Application Software compare with similar industries?
| TH Market | 1.70% | |
| Tech | 1.37% | |
| Software | 0.97% | |
| Application Software | 1.36% | |
| Systems Software | -3.72% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NETBAY Netbay | ฿21.90 | 1.4% +฿60.0m | 51.0% | PE16x | |
| BVG BlueVenture Group | ฿1.73 | 1.8% +฿13.5m | -22.1% | PE12.5x |