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Thai (SET) Telecom Sector Analysis
UpdatedMay 20, 2026
DataAggregated Company Financials
Companies44
- 7D4.0%
- 3M-3.4%
- 1Y16.9%
- YTD15.9%
Over the last 7 days, the Telecom industry has risen 4.0%, driven by gains from Advanced Info Service of 3.7%. In the last 12 months, the industry was up 17%. Earnings are forecast to grow by 10% annually.
Sector Valuation and Performance
Has the Thai Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | ฿1.8t | ฿503.3b | ฿65.0b | 17.8x | 27x | 3.5x |
| Sat, 18 Apr 2026 | ฿1.7t | ฿506.1b | ฿56.6b | 16.1x | 30x | 3.4x |
| Mon, 16 Mar 2026 | ฿1.7t | ฿505.3b | ฿56.8b | 16.6x | 30x | 3.4x |
| Wed, 11 Feb 2026 | ฿1.8t | ฿511.3b | ฿47.6b | 18.1x | 37.4x | 3.5x |
| Fri, 09 Jan 2026 | ฿1.5t | ฿508.5b | ฿42.6b | 15.6x | 35.4x | 3x |
| Sun, 07 Dec 2025 | ฿1.4t | ฿508.5b | ฿42.6b | 16.6x | 33.8x | 2.8x |
| Tue, 04 Nov 2025 | ฿1.4t | ฿509.1b | ฿34.9b | 17.7x | 41.5x | 2.8x |
| Thu, 02 Oct 2025 | ฿1.4t | ฿509.1b | ฿34.9b | 17.7x | 40.2x | 2.8x |
| Sat, 30 Aug 2025 | ฿1.5t | ฿509.3b | ฿34.9b | 18.4x | 41.7x | 2.9x |
| Mon, 28 Jul 2025 | ฿1.4t | ฿507.1b | ฿29.9b | 21.1x | 48.2x | 2.8x |
| Wed, 25 Jun 2025 | ฿1.4t | ฿507.1b | ฿29.9b | 17.5x | 46.1x | 2.7x |
| Fri, 23 May 2025 | ฿1.5t | ฿507.8b | ฿29.6b | 20.6x | 50.8x | 3x |
| Sun, 20 Apr 2025 | ฿1.4t | ฿505.6b | ฿25.1b | 21.8x | 57.4x | 2.8x |
| Tue, 18 Mar 2025 | ฿1.6t | ฿505.4b | ฿38.5b | 21.6x | 41.7x | 3.2x |
| Thu, 13 Feb 2025 | ฿1.8t | ฿566.6b | ฿53.3b | 21.3x | 34.5x | 3.2x |
| Sat, 11 Jan 2025 | ฿1.8t | ฿561.1b | ฿51.4b | 21.5x | 34.8x | 3.2x |
| Mon, 09 Dec 2024 | ฿1.9t | ฿563.6b | ฿49.3b | 23.3x | 38.1x | 3.3x |
| Wed, 06 Nov 2024 | ฿1.9t | ฿563.3b | ฿50.5b | 19.9x | 36.8x | 3.3x |
| Fri, 04 Oct 2024 | ฿1.8t | ฿556.3b | ฿49.1b | 21.2x | 35.9x | 3.2x |
| Sun, 01 Sep 2024 | ฿1.6t | ฿556.0b | ฿49.1b | 19.6x | 32.9x | 2.9x |
| Tue, 30 Jul 2024 | ฿1.5t | ฿546.6b | ฿46.9b | 19.4x | 31.6x | 2.7x |
| Thu, 27 Jun 2024 | ฿1.3t | ฿544.0b | ฿46.7b | 20.7x | 28.8x | 2.5x |
| Sat, 25 May 2024 | ฿1.3t | ฿544.5b | ฿46.9b | 23.4x | 28.2x | 2.4x |
| Mon, 22 Apr 2024 | ฿1.3t | ฿502.1b | ฿45.3b | 20.3x | 28x | 2.5x |
| Wed, 20 Mar 2024 | ฿1.3t | ฿502.0b | ฿47.9b | 22.6x | 27.8x | 2.7x |
| Fri, 16 Feb 2024 | ฿1.3t | ฿443.9b | ฿29.5b | 22.6x | 43.5x | 2.9x |
| Sun, 14 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 22.4x | 94.1x | 2.4x |
| Tue, 12 Dec 2023 | ฿1.6t | ฿641.8b | ฿16.6b | 21.1x | 94x | 2.4x |
| Thu, 09 Nov 2023 | ฿1.6t | ฿618.8b | ฿9.7b | 27.4x | 165.6x | 2.6x |
| Sat, 07 Oct 2023 | ฿1.6t | ฿618.7b | ฿7.0b | 29.8x | 235.7x | 2.7x |
| Mon, 04 Sep 2023 | ฿1.7t | ฿618.8b | ฿7.0b | 34.9x | 237.1x | 2.7x |
| Wed, 02 Aug 2023 | ฿1.7t | ฿618.3b | ฿7.3b | 29.4x | 232.8x | 2.8x |
| Fri, 30 Jun 2023 | ฿1.6t | ฿603.2b | ฿8.9b | 29.4x | 180.5x | 2.7x |
| Sun, 28 May 2023 | ฿1.6t | ฿604.6b | ฿8.8b | 30.7x | 184.9x | 2.7x |
Price to Earnings Ratio
184.9x
Current Industry PE
- Investors are pessimistic on the Thai Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 27.0x which is lower than its 3-year average PE of 69.1x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 93% per year over the last three years.
- Meanwhile revenues for these companies have declined 5.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Thai Telecom sector?
| TH Market | 2.24% | |
| Telecom | 3.95% | |
| Wireless Telecom | 4.83% | |
| Telecom Services and Carriers | 2.89% | |
| Media | 1.25% | |
| Interactive Media and Services | 0% | 0 |
| Entertainment | -1.53% | |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 75.6x.
- Analysts are expecting annual earnings growth of 7.6%, which is lower than the prior year's growth of 12.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Entertainment industry is expected to see its earnings grow by 3.4% 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 | |
|---|---|---|---|---|---|
| ADVANC Advanced Info Service | ฿368.00 | 3.7% +฿38.7b | 23.9% | PE21.5x | |
| VGI VGI | ฿0.89 | 3.5% +฿633.0m | -59.5% | PE72.4x | |
| ONEE ONE Enterprise | ฿2.50 | 4.2% +฿238.1m | 22.5% | PE11.3x | |
| SYMC Symphony Communication | ฿4.96 | 11.7% +฿225.5m | 7.4% | PE19.1x | |
| TURTLE Super Turtle | ฿2.52 | 5.0% +฿190.7m | -64.0% | PS4.5x |