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Thai (SET) Telecom Services and Carriers Industry Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies7
  • 7D1.4%
  • 3M4.9%
  • 1Y15.6%
  • YTD21.7%

In the last week, the Telecom Services and Carriers industry is up 1.4%, with True Corporation up 2.1%. Meanwhile, Thaicom actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 May 2026฿564.3b฿209.9b฿14.2b24.6x39.6x2.7x
Tue, 14 Apr 2026฿560.7b฿214.9b฿8.8b53.5x63.5x2.6x
Thu, 12 Mar 2026฿523.4b฿214.9b฿8.8b49x59.3x2.4x
Sat, 07 Feb 2026฿490.4b฿219.2b฿558.5m22x878.1x2.2x
Mon, 05 Jan 2026฿449.0b฿219.2b฿558.5m23.3x803.9x2x
Wed, 03 Dec 2025฿431.0b฿219.2b฿558.5m17.9x771.7x2x
Fri, 31 Oct 2025฿437.0b฿222.2b-฿3,789,351,023.0014.8x-115.3x2x
Sun, 28 Sep 2025฿413.2b฿222.2b-฿3,789,351,023.0016.3x-109x1.9x
Tue, 26 Aug 2025฿458.1b฿222.2b-฿3,789,351,023.0018.7x-120.9x2.1x
Thu, 24 Jul 2025฿432.8b฿223.8b-฿6,986,301,387.0018.3x-62x1.9x
Sat, 21 Jun 2025฿409.5b฿223.8b-฿6,986,301,387.0016.8x-58.6x1.8x
Mon, 19 May 2025฿487.5b฿224.0b-฿6,986,301,387.0020.1x-69.8x2.2x
Wed, 16 Apr 2025฿453.8b฿223.4b-฿9,276,041,204.0022.7x-48.9x2x
Fri, 14 Mar 2025฿420.6b฿223.4b-฿9,276,041,204.0027.2x-45.3x1.9x
Sun, 09 Feb 2025฿485.8b฿283.1b฿6.1b13.3x80.3x1.7x
Tue, 07 Jan 2025฿470.6b฿283.2b฿5.6b16.4x84.7x1.7x
Thu, 05 Dec 2024฿510.1b฿283.2b฿5.6b18.5x91.8x1.8x
Sat, 02 Nov 2024฿516.8b฿283.2b฿5.3b49.6x96.9x1.8x
Mon, 30 Sep 2024฿482.4b฿282.3b฿4.5b38.1x106.1x1.7x
Wed, 28 Aug 2024฿447.0b฿282.3b฿4.5b34.7x98.3x1.6x
Fri, 26 Jul 2024฿399.2b฿280.1b฿3.7b18.1x107.5x1.4x
Sun, 23 Jun 2024฿341.3b฿277.7b฿3.6b12.4x95.5x1.2x
Tue, 21 May 2024฿348.3b฿277.6b฿3.6b14.7x98x1.3x
Thu, 18 Apr 2024฿324.8b฿243.4b฿4.1b14.3x78.5x1.3x
Sat, 16 Mar 2024฿313.8b฿243.4b฿4.1b13.2x75.8x1.3x
Mon, 12 Feb 2024฿261.1b฿187.0b-฿13,996,454,074.0013x-18.7x1.4x
Wed, 10 Jan 2024฿389.3b฿322.2b-฿32,414,041,964.0012.9x-12x1.2x
Fri, 08 Dec 2023฿395.3b฿322.2b-฿32,414,041,964.0013.9x-12.2x1.2x
Sun, 05 Nov 2023฿423.3b฿299.7b-฿38,512,229,451.0013.7x-11x1.4x
Tue, 03 Oct 2023฿456.4b฿299.9b-฿38,504,965,451.0013.6x-11.9x1.5x
Thu, 31 Aug 2023฿456.2b฿299.9b-฿38,504,965,451.0016.2x-11.8x1.5x
Sat, 29 Jul 2023฿454.1b฿300.6b-฿38,152,083,824.0012.9x-11.9x1.5x
Mon, 26 Jun 2023฿415.0b฿285.6b-฿36,593,677,824.0014.6x-11.3x1.5x
Wed, 24 May 2023฿441.1b฿285.6b-฿36,593,677,824.0015.4x-12.1x1.5x
Price to Earnings Ratio

-12.1x


Total Market Cap: ฿441.1bTotal Earnings: -฿36,593,677,824.00Total Revenue: ฿285.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Telecom Services and Carriers Industry Price to Earnings3Y Average 89.3x202420252026
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 39.6x which is lower than its 3-year average PE of 89.3x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.7x.
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 9.8% 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 Market1.16%
Telecom3.09%
Telecom Services and Carriers1.38%
Integrated Telecom Services1.74%
Alternative Carriers-9.10%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 256x.
    • Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings decline of 56.0% per year.
  • Investors are most pessimistic about the Alternative Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 23% 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 10% 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฿14.702.1%
+฿10.4b
18.5%PE35.8x
JAS Jasmine International฿1.120.9%
+฿82.9m
-28.2%PS2.4x
SYMC Symphony Communication฿4.463.7%
+฿69.4m
-4.7%PE17.2x

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