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Thai (SET) Telecom Services and Carriers Industry Analysis
UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies7
- 7D7.9%
- 3M39.9%
- 1Y25.2%
- YTD27.9%
The Telecom Services and Carriers industry is up 7.9% in the last week, with True Corporation up 5.8%. During this same period, the Jasmine International underperformed, falling 7.7%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the Thai Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 27 Feb 2026 | ฿592.9b | ฿214.2b | ฿12.0b | 23.4x | 49.4x | 2.8x |
| Sun, 25 Jan 2026 | ฿433.7b | ฿219.2b | ฿558.5m | 22.7x | 776.5x | 2x |
| Tue, 23 Dec 2025 | ฿444.2b | ฿219.2b | ฿558.5m | 18.5x | 795.4x | 2x |
| Thu, 20 Nov 2025 | ฿444.2b | ฿219.0b | ฿622.6m | 13.8x | 713.5x | 2x |
| Sat, 18 Oct 2025 | ฿421.0b | ฿222.2b | -฿3,789,351,023.00 | 15.3x | -111.1x | 1.9x |
| Mon, 15 Sep 2025 | ฿440.0b | ฿222.2b | -฿3,789,351,023.00 | 17.6x | -116.1x | 2x |
| Wed, 13 Aug 2025 | ฿426.5b | ฿222.2b | -฿3,375,257,387.00 | 20.6x | -126.4x | 1.9x |
| Fri, 11 Jul 2025 | ฿428.1b | ฿223.8b | -฿6,986,301,387.00 | 17.2x | -61.3x | 1.9x |
| Sun, 08 Jun 2025 | ฿487.8b | ฿223.8b | -฿6,986,301,387.00 | 18.6x | -69.8x | 2.2x |
| Tue, 06 May 2025 | ฿486.8b | ฿223.4b | -฿9,276,041,204.00 | 26x | -52.5x | 2.2x |
| Thu, 03 Apr 2025 | ฿461.9b | ฿223.4b | -฿9,276,041,204.00 | 26.4x | -49.8x | 2.1x |
| Sat, 01 Mar 2025 | ฿458.6b | ฿224.0b | -฿9,277,915,383.00 | 27.5x | -49.4x | 2x |
| Mon, 27 Jan 2025 | ฿490.2b | ฿283.2b | ฿5.6b | 15.5x | 88.2x | 1.7x |
| Wed, 25 Dec 2024 | ฿459.2b | ฿283.2b | ฿5.6b | 16.7x | 82.7x | 1.6x |
| Fri, 22 Nov 2024 | ฿506.0b | ฿273.8b | ฿737.9m | 17.3x | 685.7x | 1.8x |
| Sun, 20 Oct 2024 | ฿509.3b | ฿282.3b | ฿4.5b | 44x | 112x | 1.8x |
| Tue, 17 Sep 2024 | ฿461.8b | ฿282.3b | ฿4.5b | 35.3x | 101.5x | 1.6x |
| Thu, 15 Aug 2024 | ฿442.6b | ฿278.0b | ฿4.7b | 31.6x | 94.2x | 1.6x |
| Sat, 13 Jul 2024 | ฿407.9b | ฿280.1b | ฿3.7b | 18.1x | 109.8x | 1.5x |
| Mon, 10 Jun 2024 | ฿343.5b | ฿277.7b | ฿3.6b | 12.6x | 96.2x | 1.2x |
| Wed, 08 May 2024 | ฿344.2b | ฿277.0b | ฿2.8b | 15.2x | 125x | 1.2x |
| Fri, 05 Apr 2024 | ฿317.3b | ฿243.4b | ฿4.1b | 14.8x | 76.7x | 1.3x |
| Sun, 03 Mar 2024 | ฿278.8b | ฿243.4b | ฿4.1b | 12.2x | 67.4x | 1.1x |
| Tue, 30 Jan 2024 | ฿415.0b | ฿322.2b | -฿32,414,041,964.00 | 12.9x | -12.8x | 1.3x |
| Thu, 28 Dec 2023 | ฿385.0b | ฿322.2b | -฿32,414,041,964.00 | 12.7x | -11.9x | 1.2x |
| Sat, 25 Nov 2023 | ฿411.6b | ฿322.2b | -฿32,414,041,964.00 | 11.9x | -12.7x | 1.3x |
| Mon, 23 Oct 2023 | ฿436.2b | ฿299.9b | -฿38,504,965,451.00 | 13.4x | -11.3x | 1.5x |
| Wed, 20 Sep 2023 | ฿479.7b | ฿299.9b | -฿38,504,965,451.00 | 14.9x | -12.5x | 1.6x |
| Fri, 18 Aug 2023 | ฿441.4b | ฿299.9b | -฿38,504,965,451.00 | 12.4x | -11.5x | 1.5x |
| Sun, 16 Jul 2023 | ฿439.7b | ฿285.6b | -฿36,593,677,824.00 | 13.5x | -12x | 1.5x |
| Tue, 13 Jun 2023 | ฿442.3b | ฿285.6b | -฿36,593,677,824.00 | 15.8x | -12.1x | 1.5x |
| Thu, 11 May 2023 | ฿491.7b | ฿303.4b | -฿37,882,461,577.00 | 16.5x | -13x | 1.6x |
| Sat, 08 Apr 2023 | ฿497.1b | ฿303.4b | -฿37,882,461,577.00 | 16.8x | -13.1x | 1.6x |
| Mon, 06 Mar 2023 | ฿502.2b | ฿302.7b | -฿36,838,784,386.00 | 34.6x | -13.6x | 1.7x |
Price to Earnings Ratio
-13.6x
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 49.4x which is lower than its 3-year average PE of 84.1x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.8x.
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 11% 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 | 2.65% | |
| Telecom | 4.66% | |
| Telecom Services and Carriers | 7.92% | |
| Integrated Telecom Services | 8.17% | |
| Alternative Carriers | 0.56% | |
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 growth of 17.6%, which is higher than its past year's earnings decline of 36.2% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 251x.
Forecasted Growth
- Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Alternative Carriers industry is expected to see its earnings grow by 18% 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 | ฿14.50 | 5.8% +฿27.6b | 26.1% | PE54.2x | |
| JTS Jasmine Technology Solution | ฿84.00 | 38.8% +฿16.4b | 115.4% | PE226.8x | |
| THCOM Thaicom | ฿11.80 | 3.5% +฿438.4m | 8.3% | PE322.6x | |
| SYMC Symphony Communication | ฿4.18 | 2.5% +฿43.4m | -25.4% | PE10.9x |