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Thai (SET) Telecom Sector Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies44
- 7D6.2%
- 3M11.6%
- 1Y3.9%
- YTD4.8%
In the last week, the Telecom industry is up 6.2%, with Advanced Info Service up 6.9%. During this same period, the Jasmine Technology Solution underperformed, falling 7.9%. This takes the industry's 12 month performance to a gain of 3.9%. As for the next few years, earnings are expected to grow by 27% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 19 Jan 2026 | ฿1.6t | ฿508.5b | ฿42.6b | 15.4x | 37.3x | 3.1x |
| Wed, 17 Dec 2025 | ฿1.5t | ฿508.5b | ฿42.6b | 17.1x | 34.4x | 2.9x |
| Fri, 14 Nov 2025 | ฿1.5t | ฿507.5b | ฿40.9b | 17.3x | 36.6x | 3x |
| Sun, 12 Oct 2025 | ฿1.4t | ฿509.1b | ฿34.9b | 17.8x | 41x | 2.8x |
| Tue, 09 Sep 2025 | ฿1.4t | ฿509.3b | ฿34.9b | 19.5x | 41.4x | 2.8x |
| Thu, 07 Aug 2025 | ฿1.5t | ฿505.4b | ฿33.5b | 21.5x | 43.8x | 2.9x |
| Sat, 05 Jul 2025 | ฿1.4t | ฿507.1b | ฿29.9b | 19.5x | 46.3x | 2.7x |
| Mon, 02 Jun 2025 | ฿1.5t | ฿507.6b | ฿29.7b | 20.6x | 49.9x | 2.9x |
| Wed, 30 Apr 2025 | ฿1.5t | ฿505.6b | ฿25.1b | 21.2x | 58x | 2.9x |
| Fri, 28 Mar 2025 | ฿1.7t | ฿505.4b | ฿38.5b | 22.8x | 43.9x | 3.3x |
| Sun, 23 Feb 2025 | ฿1.8t | ฿533.3b | ฿63.3b | 22.5x | 28.6x | 3.4x |
| Tue, 21 Jan 2025 | ฿1.8t | ฿561.1b | ฿51.4b | 20.7x | 35.2x | 3.2x |
| Thu, 19 Dec 2024 | ฿1.8t | ฿561.1b | ฿51.4b | 23.2x | 34.9x | 3.2x |
| Sat, 16 Nov 2024 | ฿1.8t | ฿564.0b | ฿49.9b | 18.1x | 36.6x | 3.2x |
| Mon, 14 Oct 2024 | ฿1.8t | ฿556.3b | ฿49.1b | 20.3x | 37.1x | 3.3x |
| Wed, 11 Sep 2024 | ฿1.7t | ฿556.0b | ฿49.1b | 20.2x | 34.2x | 3x |
| Fri, 09 Aug 2024 | ฿1.6t | ฿555.2b | ฿49.0b | 18.6x | 31.8x | 2.8x |
| Sun, 07 Jul 2024 | ฿1.4t | ฿546.6b | ฿46.9b | 19.8x | 29.8x | 2.6x |
| Tue, 04 Jun 2024 | ฿1.3t | ฿544.7b | ฿47.3b | 21x | 28.1x | 2.4x |
| Thu, 02 May 2024 | ฿1.3t | ฿508.7b | ฿47.0b | 22.5x | 27.4x | 2.5x |
| Sat, 30 Mar 2024 | ฿1.3t | ฿502.0b | ฿47.9b | 21.7x | 27.3x | 2.6x |
| Mon, 26 Feb 2024 | ฿1.3t | ฿502.2b | ฿48.2b | 21.9x | 26.9x | 2.6x |
| Wed, 24 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 21.9x | 93.9x | 2.4x |
| Fri, 22 Dec 2023 | ฿1.6t | ฿641.8b | ฿16.6b | 23.5x | 94.5x | 2.4x |
| Sun, 19 Nov 2023 | ฿1.6t | ฿642.0b | ฿16.8b | 22x | 95.2x | 2.5x |
| Tue, 17 Oct 2023 | ฿1.7t | ฿618.7b | ฿7.0b | 29.9x | 237.6x | 2.7x |
| Thu, 14 Sep 2023 | ฿1.7t | ฿618.8b | ฿7.0b | 34.9x | 238.8x | 2.7x |
| Sat, 12 Aug 2023 | ฿1.7t | ฿623.2b | ฿8.3b | 27.5x | 199x | 2.7x |
| Mon, 10 Jul 2023 | ฿1.6t | ฿603.2b | ฿8.9b | 29.4x | 182.2x | 2.7x |
| Wed, 07 Jun 2023 | ฿1.6t | ฿603.2b | ฿8.8b | 32.8x | 185.3x | 2.7x |
| Fri, 05 May 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 32.2x | 246.1x | 2.7x |
| Sun, 02 Apr 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 32.4x | 249.5x | 2.8x |
| Tue, 28 Feb 2023 | ฿1.4t | ฿480.4b | ฿25.7b | 33x | 55.1x | 2.9x |
| Thu, 26 Jan 2023 | ฿1.4t | ฿494.2b | ฿37.9b | 31x | 37.3x | 2.9x |
Price to Earnings Ratio
37.3x
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 37.3x which is lower than its 3-year average PE of 84.4x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 4.0% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Thai Telecom sector?
| TH Market | 1.70% | |
| Telecom | 6.17% | |
| Wireless Telecom | 6.88% | |
| Telecom Services and Carriers | 6.21% | |
| Interactive Media and Services | 0% | 0 |
| Media | -1.09% | |
| Entertainment | -1.27% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 50.7x.
- Analysts are expecting annual earnings growth of 74.6%, which is higher than its past year's earnings decline of 31.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 75% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Media industry is expected to see its earnings grow by 6.5% 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 | ฿340.00 | 4.0% +฿38.7b | 20.1% | PE23.6x | |
| TRUE True Corporation | ฿12.30 | 9.8% +฿38.0b | 3.4% | PS2.1x | |
| VGI VGI | ฿0.92 | 13.6% +฿2.3b | -70.9% | PE40.1x | |
| PLANB Plan B Media | ฿3.62 | 5.2% +฿828.1m | -46.4% | PE15.5x | |
| THCOM Thaicom | ฿8.90 | 7.9% +฿712.5m | -24.6% | PE97.7x |
