Has the Thai Systems Software Industry valuation changed over the past few years?

There is only one company in the Thai Systems Software industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

How does Thai Systems Software compare with similar industries?

There are no additional sub-industries under this industry.

Thai (SET) Systems Software Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 10 Sep 2026	฿356.0m	฿353.0m	-฿9,205,032.00	n/a	-38.7x	1x
Sat, 08 Aug 2026	฿354.0m	฿365.3m	฿5.0m	70.4x	70.4x	1x
Mon, 06 Jul 2026	฿352.0m	฿365.3m	฿5.0m	70x	70x	1x
Wed, 03 Jun 2026	฿352.0m	฿365.3m	฿5.0m	70x	70x	1x
Fri, 01 May 2026	฿384.0m	฿375.9m	฿19.8m	19.4x	19.4x	1x
Sun, 29 Mar 2026	฿394.0m	฿375.9m	฿19.8m	19.9x	19.9x	1x
Tue, 24 Feb 2026	฿394.0m	฿352.5m	฿1.6m	252.2x	252.2x	1.1x
Thu, 22 Jan 2026	฿410.0m	฿352.5m	฿1.6m	262.5x	262.5x	1.2x
Sat, 20 Dec 2025	฿412.0m	฿352.5m	฿1.6m	263.7x	263.7x	1.2x
Mon, 17 Nov 2025	฿422.0m	฿352.5m	฿1.6m	270.1x	270.1x	1.2x
Wed, 15 Oct 2025	฿462.0m	฿348.2m	฿10.4m	44.4x	44.4x	1.3x
Fri, 12 Sep 2025	฿476.0m	฿348.2m	฿10.4m	45.8x	45.8x	1.4x
Sun, 10 Aug 2025	฿500.0m	฿344.4m	฿23.0m	21.8x	21.8x	1.5x
Tue, 08 Jul 2025	฿500.0m	฿344.4m	฿23.0m	21.8x	21.8x	1.5x
Thu, 05 Jun 2025	฿570.0m	฿344.4m	฿23.0m	24.8x	24.8x	1.7x
Sat, 03 May 2025	฿600.0m	฿339.5m	฿22.0m	27.3x	27.3x	1.8x
Mon, 31 Mar 2025	฿625.0m	฿339.5m	฿22.0m	28.4x	28.4x	1.8x
Wed, 26 Feb 2025	฿595.0m	฿382.9m	฿53.4m	11.1x	11.1x	1.6x
Fri, 24 Jan 2025	฿785.0m	฿382.9m	฿53.4m	14.7x	14.7x	2.1x
Sun, 22 Dec 2024	฿750.0m	฿382.9m	฿53.4m	14x	14x	2x
Tue, 19 Nov 2024	฿600.0m	฿401.3m	฿58.1m	10.3x	10.3x	1.5x
Thu, 17 Oct 2024	฿645.0m	฿401.3m	฿58.1m	11.1x	11.1x	1.6x
Sat, 14 Sep 2024	฿670.0m	฿401.3m	฿58.1m	11.5x	11.5x	1.7x
Mon, 12 Aug 2024	฿535.0m	฿414.2m	฿57.2m	9.4x	9.4x	1.3x
Wed, 10 Jul 2024	฿855.0m	฿414.2m	฿57.2m	15x	15x	2.1x
Fri, 07 Jun 2024	฿945.0m	฿438.5m	฿74.2m	12.7x	12.7x	2.2x
Sun, 05 May 2024	฿995.0m	฿438.5m	฿74.2m	13.4x	13.4x	2.3x
Tue, 02 Apr 2024	฿1.2b	฿438.5m	฿74.2m	16.4x	16.4x	2.8x
Thu, 29 Feb 2024	฿1.2b	฿445.6m	฿66.6m	18.2x	18.2x	2.7x
Sat, 27 Jan 2024	฿1.3b	฿445.6m	฿66.6m	19.7x	19.7x	2.9x
Mon, 25 Dec 2023	฿1.4b	฿445.6m	฿66.6m	21x	21x	3.1x
Wed, 22 Nov 2023	฿1.6b	฿445.6m	฿66.6m	23.7x	24.2x	3.6x
Fri, 20 Oct 2023	฿1.6b	฿421.8m	฿56.5m	28.2x	28.2x	3.8x
Sun, 17 Sep 2023	฿1.9b	฿421.8m	฿56.5m	34.4x	34.4x	4.6x


TH Market	2.74%
Tech	8.71%
Software	-0.19%
Systems Software	3.49%
Application Software	-0.58%

	Company	Last Price	7D	1Y	Valuation
	TBN TBN Corporation	฿3.56	2.9% +฿10.0m	-25.2%	PS1x

New Risk • Sep 02

New major risk - Dividend sustainability

The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 0% Dividend yield: 6.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 0% Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿344.0m market cap, or US$10.3m).

Thai (SET) Systems Software Industry Analysis

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New major risk - Dividend sustainability