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Thai (SET) Telecom Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies43
  • 7D1.6%
  • 3M18.2%
  • 1Y22.5%
  • YTD15.3%

In the last week, the Telecom industry is up 1.6%, with True Corporation leading the way, up 2.9%. In the same time, Super Turtle was down 16%. This takes the industry's 12 month performance to a gain of 22%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026฿1.7t฿505.2b฿56.8b15.3x30.7x3.5x
Thu, 26 Feb 2026฿1.9t฿506.6b฿59.3b19.6x32x3.7x
Sat, 24 Jan 2026฿1.6t฿508.5b฿42.6b15.6x36.9x3.1x
Mon, 22 Dec 2025฿1.5t฿508.5b฿42.6b16.2x34.3x2.9x
Wed, 19 Nov 2025฿1.5t฿508.0b฿42.4b15.5x35.1x2.9x
Fri, 17 Oct 2025฿1.4t฿509.1b฿34.9b17.6x40.9x2.8x
Sun, 14 Sep 2025฿1.4t฿509.3b฿34.9b19.6x41.4x2.8x
Tue, 12 Aug 2025฿1.5t฿509.9b฿35.6b20.9x40.8x2.9x
Thu, 10 Jul 2025฿1.4t฿507.1b฿29.9b19.5x47x2.8x
Sat, 07 Jun 2025฿1.5t฿507.9b฿29.7b18.9x50x2.9x
Mon, 05 May 2025฿1.5t฿505.6b฿25.1b21.9x59.9x3x
Wed, 02 Apr 2025฿1.7t฿505.4b฿38.5b21.9x44.7x3.4x
Fri, 28 Feb 2025฿1.7t฿506.9b฿40.0b26.1x43.2x3.4x
Sun, 26 Jan 2025฿1.9t฿561.1b฿51.4b22.1x36x3.3x
Tue, 24 Dec 2024฿1.8t฿561.1b฿51.4b22.6x34.9x3.2x
Thu, 21 Nov 2024฿1.8t฿563.4b฿50.1b19.2x36.3x3.2x
Sat, 19 Oct 2024฿1.9t฿556.3b฿49.1b19.8x38.4x3.4x
Mon, 16 Sep 2024฿1.7t฿556.3b฿49.1b20.2x34.4x3x
Wed, 14 Aug 2024฿1.6t฿553.0b฿50.9b17.6x31.2x2.9x
Fri, 12 Jul 2024฿1.5t฿546.6b฿46.9b19.9x31x2.7x
Sun, 09 Jun 2024฿1.4t฿543.8b฿47.1b21x28.8x2.5x
Tue, 07 May 2024฿1.3t฿542.4b฿45.6b22.2x29.3x2.5x
Thu, 04 Apr 2024฿1.3t฿501.5b฿45.2b22.2x28.9x2.6x
Sat, 02 Mar 2024฿1.3t฿502.5b฿48.0b21.4x26.6x2.5x
Mon, 29 Jan 2024฿1.6t฿641.8b฿16.6b22.2x95.1x2.5x
Wed, 27 Dec 2023฿1.6t฿641.8b฿16.6b21.7x93.7x2.4x
Fri, 24 Nov 2023฿1.6t฿641.5b฿16.6b20.9x95.8x2.5x
Sun, 22 Oct 2023฿1.6t฿618.7b฿7.0b29.6x231x2.6x
Tue, 19 Sep 2023฿1.7t฿618.7b฿7.0b34.5x242.3x2.7x
Thu, 17 Aug 2023฿1.7t฿618.6b฿6.7b30.6x246.7x2.7x
Sat, 15 Jul 2023฿1.7t฿603.2b฿8.9b29.1x187.3x2.8x
Mon, 12 Jun 2023฿1.7t฿603.2b฿8.8b32.8x190.3x2.8x
Wed, 10 May 2023฿1.7t฿619.1b฿7.3b32.3x235.1x2.8x
Fri, 07 Apr 2023฿1.7t฿617.7b฿6.9b31.5x246.4x2.7x
Price to Earnings Ratio

246.4x


Total Market Cap: ฿1.7tTotal Earnings: ฿6.9bTotal Revenue: ฿617.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Telecom Sector Price to Earnings3Y Average 78.9x202420252026
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 78.9x.
  • 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 Market3.74%
Telecom1.55%
Entertainment4.23%
Telecom Services and Carriers2.54%
Wireless Telecom1.09%
Interactive Media and Services0%0
Media-0.10%
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?

CompanyLast Price7D1YValuation
TRUE True Corporation฿14.405.1%
+฿24.2b
19.0%PE53.8x
ADVANC Advanced Info Service฿373.001.4%
+฿14.9b
32.7%PE23.2x
VGI VGI฿0.9312.0%
+฿2.1b
-69.8%PE75.7x
PLANB Plan B Media฿3.924.8%
+฿828.1m
-26.7%PE16.3x
THCOM Thaicom฿12.303.4%
+฿438.4m
21.8%PE336.3x

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