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Thai (SET) Telecom Sector Analysis
UpdatedApr 01, 2026
DataAggregated Company Financials
Companies43
- 7D2.4%
- 3M20.0%
- 1Y21.1%
- YTD17.0%
The Telecom industry is up 1.6% in the last week, with True Corporation up 5.1%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Wed, 01 Apr 2026 | ฿1.8t | ฿505.2b | ฿56.8b | 15.7x | 31.2x | 3.5x |
| Fri, 27 Feb 2026 | ฿1.9t | ฿506.7b | ฿59.3b | 19.1x | 32.2x | 3.8x |
| Sun, 25 Jan 2026 | ฿1.6t | ฿508.5b | ฿42.6b | 15.6x | 36.9x | 3.1x |
| Tue, 23 Dec 2025 | ฿1.5t | ฿508.5b | ฿42.6b | 16.2x | 34.7x | 2.9x |
| Thu, 20 Nov 2025 | ฿1.5t | ฿508.0b | ฿42.4b | 15.5x | 34.8x | 2.9x |
| Sat, 18 Oct 2025 | ฿1.4t | ฿509.1b | ฿34.9b | 17.3x | 40.6x | 2.8x |
| Mon, 15 Sep 2025 | ฿1.4t | ฿509.3b | ฿34.9b | 19.6x | 41.4x | 2.8x |
| Wed, 13 Aug 2025 | ฿1.5t | ฿509.9b | ฿35.6b | 20.9x | 40.8x | 2.9x |
| Fri, 11 Jul 2025 | ฿1.4t | ฿507.1b | ฿29.9b | 19.5x | 47x | 2.8x |
| Sun, 08 Jun 2025 | ฿1.5t | ฿507.9b | ฿29.7b | 18.9x | 50x | 2.9x |
| Tue, 06 May 2025 | ฿1.5t | ฿505.6b | ฿25.1b | 21.9x | 59.9x | 3x |
| Thu, 03 Apr 2025 | ฿1.7t | ฿505.4b | ฿38.5b | 22.5x | 44.2x | 3.4x |
| Sat, 01 Mar 2025 | ฿1.7t | ฿506.5b | ฿40.0b | 23.2x | 42.5x | 3.4x |
| Mon, 27 Jan 2025 | ฿1.9t | ฿561.1b | ฿51.4b | 22.1x | 36x | 3.3x |
| Wed, 25 Dec 2024 | ฿1.8t | ฿561.1b | ฿51.4b | 22.6x | 34.8x | 3.2x |
| Fri, 22 Nov 2024 | ฿1.8t | ฿554.2b | ฿46.1b | 22.1x | 39.9x | 3.3x |
| Sun, 20 Oct 2024 | ฿1.9t | ฿556.3b | ฿49.1b | 19.8x | 38.4x | 3.4x |
| Tue, 17 Sep 2024 | ฿1.7t | ฿556.3b | ฿49.1b | 20.3x | 34.4x | 3x |
| Thu, 15 Aug 2024 | ฿1.6t | ฿549.0b | ฿52.2b | 18.8x | 30.4x | 2.9x |
| Sat, 13 Jul 2024 | ฿1.5t | ฿546.6b | ฿46.9b | 20x | 31x | 2.7x |
| Mon, 10 Jun 2024 | ฿1.4t | ฿543.8b | ฿47.1b | 20.8x | 28.8x | 2.5x |
| Wed, 08 May 2024 | ฿1.4t | ฿542.4b | ฿45.6b | 22.8x | 29.8x | 2.5x |
| Fri, 05 Apr 2024 | ฿1.3t | ฿501.5b | ฿45.2b | 21.9x | 28.9x | 2.6x |
| Sun, 03 Mar 2024 | ฿1.3t | ฿502.4b | ฿48.1b | 21.1x | 26.5x | 2.5x |
| Tue, 30 Jan 2024 | ฿1.6t | ฿641.8b | ฿16.6b | 22.4x | 95.7x | 2.5x |
| Thu, 28 Dec 2023 | ฿1.6t | ฿641.8b | ฿16.6b | 21.7x | 93.6x | 2.4x |
| Sat, 25 Nov 2023 | ฿1.6t | ฿641.5b | ฿16.6b | 20.6x | 94.9x | 2.5x |
| Mon, 23 Oct 2023 | ฿1.6t | ฿618.7b | ฿7.0b | 29.6x | 231x | 2.6x |
| Wed, 20 Sep 2023 | ฿1.7t | ฿618.7b | ฿7.0b | 33.7x | 244.8x | 2.8x |
| Fri, 18 Aug 2023 | ฿1.7t | ฿618.9b | ฿6.8b | 32.9x | 245.9x | 2.7x |
| Sun, 16 Jul 2023 | ฿1.7t | ฿603.2b | ฿8.9b | 29.1x | 187.3x | 2.8x |
| Tue, 13 Jun 2023 | ฿1.7t | ฿603.2b | ฿8.8b | 32.8x | 188.3x | 2.8x |
| Thu, 11 May 2023 | ฿1.7t | ฿619.2b | ฿7.3b | 31.6x | 235.8x | 2.8x |
| Sat, 08 Apr 2023 | ฿1.7t | ฿617.7b | ฿6.9b | 32.3x | 247.4x | 2.8x |
Price to Earnings Ratio
247.4x
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 30.7x which is lower than its 3-year average PE of 78.7x.
- 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 102% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.5% 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 | 2.67% | |
| Telecom | 2.42% | |
| Telecom Services and Carriers | 4.39% | |
| Media | 4.03% | |
| Entertainment | 2.50% | |
| Wireless Telecom | 1.36% | |
| Interactive Media and Services | 0% | 0 |
Industry PE
- Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings growth of 5.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 30% 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 3.1% 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 | |
|---|---|---|---|---|---|
| TRUE True Corporation | ฿14.40 | 5.1% +฿24.2b | 19.0% | PE53.8x | |
| ADVANC Advanced Info Service | ฿373.00 | 1.4% +฿14.9b | 32.7% | PE23.2x | |
| VGI VGI | ฿0.93 | 12.0% +฿2.1b | -69.8% | PE75.7x | |
| PLANB Plan B Media | ฿3.92 | 4.8% +฿828.1m | -26.7% | PE16.3x | |
| THCOM Thaicom | ฿12.30 | 3.4% +฿438.4m | 21.8% | PE336.3x |
