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Thai (SET) Telecom Services and Carriers Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies7
  • 7D1.2%
  • 3M6.8%
  • 1Y-4.7%
  • YTD-5.3%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Jasmine International declined by 3.2%. As for the longer term, the industry has declined 5.1% in the last year. Looking forward, earnings are forecast to grow by 71% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025฿448.8b฿222.2b-฿3,789,351,023.0017.3x-118.4x2x
Sat, 16 Aug 2025฿426.5b฿222.0b-฿3,811,979,023.0020.5x-111.9x1.9x
Mon, 14 Jul 2025฿428.5b฿223.8b-฿6,986,301,387.0017.6x-61.3x1.9x
Wed, 11 Jun 2025฿485.1b฿223.8b-฿6,986,301,387.0019x-69.4x2.2x
Fri, 09 May 2025฿495.1b฿223.3b-฿9,444,349,204.0026.5x-52.4x2.2x
Sun, 06 Apr 2025฿444.3b฿223.4b-฿9,276,041,204.0024.5x-47.9x2x
Tue, 04 Mar 2025฿455.1b฿224.0b-฿9,276,041,204.0026x-49.1x2x
Thu, 30 Jan 2025฿486.9b฿283.2b฿5.6b15.3x87.6x1.7x
Sat, 28 Dec 2024฿468.0b฿283.2b฿5.6b17.2x84.2x1.7x
Mon, 25 Nov 2024฿488.9b฿283.2b฿5.6b17.8x88x1.7x
Wed, 23 Oct 2024฿513.1b฿282.3b฿4.5b43.7x112.8x1.8x
Fri, 20 Sep 2024฿490.6b฿282.3b฿4.5b38.5x107.9x1.7x
Sun, 18 Aug 2024฿441.3b฿282.3b฿4.5b31.3x97x1.6x
Tue, 16 Jul 2024฿408.8b฿280.1b฿3.7b17.5x110.1x1.5x
Thu, 13 Jun 2024฿335.8b฿277.7b฿3.6b12.5x94x1.2x
Sat, 11 May 2024฿348.3b฿276.9b฿3.0b15.6x118x1.3x
Mon, 08 Apr 2024฿323.4b฿243.4b฿4.1b14.7x78.1x1.3x
Wed, 06 Mar 2024฿288.3b฿243.4b฿4.1b11.8x69.7x1.2x
Fri, 02 Feb 2024฿419.4b฿322.2b-฿32,414,041,964.0012x-12.9x1.3x
Sun, 31 Dec 2023฿385.4b฿322.2b-฿32,414,041,964.0012.9x-11.9x1.2x
Tue, 28 Nov 2023฿415.3b฿322.2b-฿32,414,041,964.0012.1x-12.8x1.3x
Thu, 26 Oct 2023฿439.8b฿299.9b-฿38,504,965,451.0014.5x-11.4x1.5x
Sat, 23 Sep 2023฿477.4b฿299.9b-฿38,504,965,451.0014.7x-12.4x1.6x
Mon, 21 Aug 2023฿443.8b฿299.9b-฿38,504,965,451.0012.4x-11.5x1.5x
Wed, 19 Jul 2023฿444.2b฿285.6b-฿36,593,677,824.0013.4x-12.1x1.6x
Fri, 16 Jun 2023฿435.5b฿285.6b-฿36,593,677,824.0015.4x-11.9x1.5x
Sun, 14 May 2023฿469.6b฿303.0b-฿38,889,804,577.0016.3x-12.1x1.5x
Tue, 11 Apr 2023฿497.1b฿303.4b-฿37,882,461,577.0016.8x-13.1x1.6x
Thu, 09 Mar 2023฿385.9b฿302.6b-฿38,065,067,075.0034x-10.1x1.3x
Sat, 04 Feb 2023฿212.4b฿175.9b-฿4,983,075,004.0031.1x-42.6x1.2x
Mon, 02 Jan 2023฿207.8b฿175.9b-฿4,983,075,004.0028.3x-41.7x1.2x
Wed, 30 Nov 2022฿196.1b฿175.9b-฿4,983,075,004.0024.5x-39.3x1.1x
Fri, 28 Oct 2022฿210.7b฿175.8b-฿2,429,195,906.0024.2x-86.7x1.2x
Sun, 25 Sep 2022฿211.8b฿175.8b-฿2,429,195,906.0023.3x-87.2x1.2x
Price to Earnings Ratio

-87.2x


Total Market Cap: ฿211.8bTotal Earnings: -฿2,429,195,906.00Total Revenue: ฿175.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Telecom Services and Carriers Industry Price to Earnings3Y Average 6.8x202320242025
Current Industry PE
  • Investors are optimistic on the Thai Telecom industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 8.1% 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 caused losses to expand.

Industry Trends

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

TH Market2.22%
Telecom1.59%
Telecom Services and Carriers1.19%
Integrated Telecom Services1.27%
Alternative Carriers-0.86%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 85% over the next 5 years.
    • This is better than its past earnings decline of 31% per year.
    • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 70% 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
    JTS Jasmine Technology Solution฿33.505.5%
    +฿1.2b
    -55.3%PE62.1x
    THCOM Thaicom฿10.902.8%
    +฿328.8m
    -17.4%PS5.4x
    SYMC Symphony Communication฿4.564.1%
    +฿78.1m
    -41.2%PE12.1x

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