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Thai (SET) Media Industry Analysis
UpdatedDec 11, 2025
DataAggregated Company Financials
Companies23
- 7D-2.0%
- 3M-31.8%
- 1Y-51.7%
- YTD-55.4%
Over the last 7 days, the Media industry has dropped 2.0%, driven by a pullback from VGI of 3.7%. On the other hand B-52 Capital is actually up 30%. Overall the industry is down 52% in 12 months. Looking forward, earnings are forecast to grow by 6.3% annually.
Industry Valuation and Performance
Has the Thai Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 11 Dec 2025 | ฿72.0b | ฿37.6b | -฿704,546,154.00 | 17.5x | -102.1x | 1.9x |
| Sat, 08 Nov 2025 | ฿73.8b | ฿37.7b | -฿785,380,193.00 | 19x | -94x | 2x |
| Mon, 06 Oct 2025 | ฿86.4b | ฿37.7b | -฿783,394,660.00 | 20.8x | -110.3x | 2.3x |
| Wed, 03 Sep 2025 | ฿101.8b | ฿37.8b | -฿782,108,268.00 | 21.2x | -130.1x | 2.7x |
| Fri, 01 Aug 2025 | ฿106.4b | ฿38.0b | -฿405,743,198.00 | 23x | -262.3x | 2.8x |
| Sun, 29 Jun 2025 | ฿100.5b | ฿38.0b | -฿360,697,198.00 | 19.6x | -278.7x | 2.6x |
| Tue, 27 May 2025 | ฿111.9b | ฿38.5b | -฿563,032,772.00 | 21.3x | -198.7x | 2.9x |
| Thu, 24 Apr 2025 | ฿112.0b | ฿39.6b | -฿1,233,346,392.00 | 21.6x | -90.8x | 2.8x |
| Sat, 22 Mar 2025 | ฿133.0b | ฿39.4b | -฿1,268,761,394.00 | 22.4x | -104.8x | 3.4x |
| Mon, 17 Feb 2025 | ฿133.0b | ฿40.3b | ฿970.5m | 19.9x | 137x | 3.3x |
| Wed, 15 Jan 2025 | ฿114.8b | ฿39.8b | -฿2,736,884,669.00 | 19.1x | -42x | 2.9x |
| Fri, 13 Dec 2024 | ฿118.2b | ฿42.3b | -฿4,864,999,897.00 | 21.7x | -24.3x | 2.8x |
| Sun, 10 Nov 2024 | ฿112.5b | ฿41.4b | -฿4,468,574,701.00 | 18.1x | -25.2x | 2.7x |
| Tue, 08 Oct 2024 | ฿120.1b | ฿41.4b | -฿4,468,449,445.00 | 20.4x | -26.9x | 2.9x |
| Thu, 05 Sep 2024 | ฿119.0b | ฿41.1b | -฿4,489,462,599.00 | 20.4x | -26.5x | 2.9x |
| Sat, 03 Aug 2024 | ฿101.1b | ฿40.1b | -฿4,606,543,266.00 | 19.3x | -22x | 2.5x |
| Mon, 01 Jul 2024 | ฿97.1b | ฿40.1b | -฿4,606,543,266.00 | 20.9x | -21.1x | 2.4x |
| Wed, 29 May 2024 | ฿102.5b | ฿40.5b | -฿4,322,405,200.00 | 25.2x | -23.7x | 2.5x |
| Fri, 26 Apr 2024 | ฿105.5b | ฿38.6b | -฿4,246,190,552.00 | 26.3x | -24.9x | 2.7x |
| Sun, 24 Mar 2024 | ฿107.3b | ฿39.0b | -฿1,554,395,691.00 | 26.6x | -69x | 2.8x |
| Tue, 20 Feb 2024 | ฿104.7b | ฿38.4b | -฿1,710,749,087.00 | 30.9x | -61.2x | 2.7x |
| Thu, 18 Jan 2024 | ฿108.3b | ฿38.1b | ฿1.8b | 29.5x | 60.9x | 2.8x |
| Sat, 16 Dec 2023 | ฿108.4b | ฿38.1b | ฿1.8b | 29.4x | 61x | 2.8x |
| Mon, 13 Nov 2023 | ฿107.7b | ฿37.9b | ฿1.9b | 27.9x | 57.7x | 2.8x |
| Wed, 11 Oct 2023 | ฿112.5b | ฿37.5b | ฿2.0b | 32.7x | 56.3x | 3x |
| Fri, 08 Sep 2023 | ฿133.2b | ฿37.5b | ฿2.0b | 35.9x | 66.5x | 3.5x |
| Sun, 06 Aug 2023 | ฿126.2b | ฿36.8b | ฿3.7b | 29x | 34.1x | 3.4x |
| Tue, 04 Jul 2023 | ฿127.6b | ฿36.8b | ฿3.7b | 30.4x | 34.2x | 3.5x |
| Thu, 01 Jun 2023 | ฿137.3b | ฿37.7b | ฿3.7b | 32.8x | 37x | 3.6x |
| Sat, 29 Apr 2023 | ฿133.5b | ฿35.7b | ฿3.6b | 34.5x | 36.8x | 3.7x |
| Mon, 27 Mar 2023 | ฿148.4b | ฿35.7b | ฿3.6b | 33.8x | 40.9x | 4.2x |
| Wed, 22 Feb 2023 | ฿164.9b | ฿35.2b | ฿3.9b | 27.2x | 42.6x | 4.7x |
| Fri, 20 Jan 2023 | ฿164.4b | ฿35.1b | ฿3.7b | 29.4x | 44.5x | 4.7x |
| Sun, 18 Dec 2022 | ฿152.8b | ฿35.1b | ฿3.7b | 26.8x | 41.3x | 4.4x |
Price to Earnings Ratio
41.3x
Current Industry PE
- Investors are pessimistic on the Thai Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- Total earnings for the Media industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 2.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Telecom industry?
| TH Market | -0.40% | |
| Telecom | 0.96% | |
| Media | -1.97% | |
| Cable and Satellite | 0% | 0 |
| Broadcasting | -1.42% | |
| Advertising | -1.84% | |
| Publishing | -3.41% | |
Industry PE
- Investors are most optimistic about the Advertising industry which is trading above its 3-year average PE ratio of 39.9x.
- Analysts are expecting annual earnings growth of 5.1%, which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Broadcasting industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 71% per year.
- In contrast, the Advertising industry is expected to see its earnings grow by 5.1% 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 | |
|---|---|---|---|---|---|
| B52 B-52 Capital | ฿0.39 | 69.6% +฿161.0m | 0% | PS5.4x | |
| AMARIN Amarin Corporations | ฿2.20 | 1.9% +฿39.9m | -31.3% | PS0.6x | |
| ARIP ARIP | ฿0.43 | 7.5% +฿14.0m | -25.9% | PE17.8x | |
| MCA Market Connections Asia | ฿1.09 | 3.8% +฿9.2m | -27.3% | PE14x | |
| PICO Pico (Thailand) | ฿4.38 | 0.9% +฿8.6m | 20.3% | PE47.9x |