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Thai (SET) Telecom Services and Carriers Industry Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies7
  • 7D3.0%
  • 3M5.8%
  • 1Y9.3%
  • YTD18.0%

The Telecom Services and Carriers industry is up 4.8% in the last week, with True Corporation up 3.6%. Meanwhile, Jasmine Technology Solution actually underperformed within the industry, shrinking 5.4% in the last week. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the Thai Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026฿547.1b฿210.1b฿14.2b25.5x38.4x2.6x
Thu, 09 Apr 2026฿567.7b฿214.9b฿8.8b53.8x64.3x2.6x
Sat, 07 Mar 2026฿523.8b฿214.9b฿8.8b49.4x59.3x2.4x
Mon, 02 Feb 2026฿465.5b฿219.2b฿558.5m22x833.4x2.1x
Wed, 31 Dec 2025฿448.2b฿219.2b฿558.5m19.7x802.4x2x
Fri, 28 Nov 2025฿421.9b฿219.4b฿558.5m17.6x755.3x1.9x
Sun, 26 Oct 2025฿442.9b฿222.2b-฿3,789,351,023.0015x-116.9x2x
Tue, 23 Sep 2025฿421.7b฿222.2b-฿3,789,351,023.0016.2x-111.3x1.9x
Thu, 21 Aug 2025฿449.9b฿222.2b-฿3,789,351,023.0018.9x-118.7x2x
Sat, 19 Jul 2025฿437.4b฿223.8b-฿6,986,301,387.0018.4x-62.6x2x
Mon, 16 Jun 2025฿464.8b฿223.8b-฿6,986,301,387.0018.1x-66.5x2.1x
Wed, 14 May 2025฿478.6b฿223.4b-฿7,055,068,204.0026.4x-67.8x2.1x
Fri, 11 Apr 2025฿461.6b฿223.4b-฿9,276,041,204.0022.7x-49.8x2.1x
Sun, 09 Mar 2025฿438.1b฿223.4b-฿9,276,041,204.0028.5x-47.2x2x
Tue, 04 Feb 2025฿474.4b฿283.2b฿5.6b14.4x85.4x1.7x
Thu, 02 Jan 2025฿472.2b฿283.2b฿5.6b17.6x85x1.7x
Sat, 30 Nov 2024฿473.0b฿283.2b฿5.6b18.5x85.1x1.7x
Mon, 28 Oct 2024฿511.3b฿283.2b฿5.3b45.2x95.8x1.8x
Wed, 25 Sep 2024฿480.4b฿282.3b฿4.5b37.3x105.6x1.7x
Fri, 23 Aug 2024฿447.0b฿282.3b฿4.5b34.1x98.3x1.6x
Sun, 21 Jul 2024฿414.0b฿280.1b฿3.7b17.6x111.5x1.5x
Tue, 18 Jun 2024฿340.1b฿277.7b฿3.6b11.9x95.2x1.2x
Thu, 16 May 2024฿341.7b฿277.6b฿3.6b14.5x95.9x1.2x
Sat, 13 Apr 2024฿325.3b฿243.4b฿4.1b14.7x78.6x1.3x
Mon, 11 Mar 2024฿298.6b฿243.4b฿4.1b12.6x72.1x1.2x
Wed, 07 Feb 2024฿261.1b฿187.1b-฿14,128,842,964.0012.8x-18.5x1.4x
Fri, 05 Jan 2024฿391.4b฿322.2b-฿32,414,041,964.0013.6x-12.1x1.2x
Sun, 03 Dec 2023฿403.8b฿322.2b-฿32,414,041,964.0013.7x-12.5x1.3x
Tue, 31 Oct 2023฿436.9b฿299.9b-฿38,504,965,451.0013.9x-11.3x1.5x
Thu, 28 Sep 2023฿465.4b฿299.9b-฿38,504,965,451.0014.1x-12.1x1.6x
Sat, 26 Aug 2023฿455.0b฿299.9b-฿38,504,965,451.0014.2x-11.8x1.5x
Mon, 24 Jul 2023฿445.9b฿285.6b-฿36,593,677,824.0013.2x-12.2x1.6x
Wed, 21 Jun 2023฿435.3b฿285.6b-฿36,593,677,824.0015.3x-11.9x1.5x
Fri, 19 May 2023฿434.4b฿287.1b-฿36,593,672,824.0015.4x-11.9x1.5x
Price to Earnings Ratio

-11.9x


Total Market Cap: ฿434.4bTotal Earnings: -฿36,593,672,824.00Total Revenue: ฿287.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Telecom Services and Carriers Industry Price to Earnings3Y Average 89.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Thai Telecom 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 39.1x which is lower than its 3-year average PE of 89.0x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 9.9% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Thai Telecom industry?

TH Market-0.30%
Telecom2.79%
Telecom Services and Carriers2.98%
Alternative Carriers3.06%
Integrated Telecom Services2.98%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 28.8%, which is less than its past year's earnings decline of 41.2%.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 256x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Alternative Carriers industry is expected to see its earnings decline by 29% 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฿14.203.6%
+฿17.3b
11.8%PE34.6x
THCOM Thaicom฿11.801.7%
+฿219.2m
29.7%PE25.5x
SYMC Symphony Communication฿4.528.7%
+฿156.1m
-5.0%PE17.4x
ITEL Interlink Telecom฿1.255.9%
+฿141.2m
-6.0%PS0.9x

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