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Thai (SET) Telecom Services and Carriers Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies7
- 7D-1.2%
- 3M-3.3%
- 1Y-11.8%
- YTD-5.8%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.2%, driven by True Corporation declining 2.5%. On the other hand Jasmine Technology Solution is actually up 30%. The industry has fallen 12% in the last year. As for the next few years, earnings are expected to grow by 72% 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, 21 Nov 2025 | ฿444.2b | ฿219.0b | ฿622.6m | 13.8x | 713.5x | 2x |
| Sun, 19 Oct 2025 | ฿421.0b | ฿222.2b | -฿3,789,351,023.00 | 15.3x | -111.1x | 1.9x |
| Tue, 16 Sep 2025 | ฿443.3b | ฿222.2b | -฿3,789,351,023.00 | 17.5x | -117x | 2x |
| Thu, 14 Aug 2025 | ฿426.2b | ฿222.2b | -฿3,375,257,387.00 | 20.2x | -126.3x | 1.9x |
| Sat, 12 Jul 2025 | ฿428.1b | ฿223.8b | -฿6,986,301,387.00 | 17.2x | -61.3x | 1.9x |
| Mon, 09 Jun 2025 | ฿487.8b | ฿223.8b | -฿6,986,301,387.00 | 18.6x | -69.8x | 2.2x |
| Wed, 07 May 2025 | ฿490.2b | ฿223.4b | -฿9,276,041,204.00 | 26.9x | -52.8x | 2.2x |
| Fri, 04 Apr 2025 | ฿467.6b | ฿223.4b | -฿9,276,041,204.00 | 25.7x | -50.4x | 2.1x |
| Sun, 02 Mar 2025 | ฿458.6b | ฿224.0b | -฿9,277,915,383.00 | 27.5x | -49.4x | 2x |
| Tue, 28 Jan 2025 | ฿487.4b | ฿283.2b | ฿5.6b | 15.3x | 87.7x | 1.7x |
| Thu, 26 Dec 2024 | ฿459.4b | ฿283.2b | ฿5.6b | 16.9x | 82.7x | 1.6x |
| Sat, 23 Nov 2024 | ฿488.9b | ฿273.8b | ฿737.9m | 17.8x | 662.5x | 1.8x |
| Mon, 21 Oct 2024 | ฿509.3b | ฿282.3b | ฿4.5b | 44x | 112x | 1.8x |
| Wed, 18 Sep 2024 | ฿468.9b | ฿282.3b | ฿4.5b | 37.8x | 103.1x | 1.7x |
| Fri, 16 Aug 2024 | ฿444.7b | ฿278.0b | ฿4.7b | 31.1x | 94.6x | 1.6x |
| Sun, 14 Jul 2024 | ฿407.9b | ฿280.1b | ฿3.7b | 18.1x | 109.8x | 1.5x |
| Tue, 11 Jun 2024 | ฿343.5b | ฿277.7b | ฿3.6b | 12.5x | 96.2x | 1.2x |
| Thu, 09 May 2024 | ฿353.4b | ฿277.0b | ฿2.8b | 15.6x | 128.3x | 1.3x |
| Sat, 06 Apr 2024 | ฿323.4b | ฿243.4b | ฿4.1b | 14.7x | 78.1x | 1.3x |
| Mon, 04 Mar 2024 | ฿278.8b | ฿243.4b | ฿4.1b | 12.2x | 67.4x | 1.1x |
| Wed, 31 Jan 2024 | ฿413.4b | ฿322.2b | -฿32,414,041,964.00 | 12.8x | -12.8x | 1.3x |
| Fri, 29 Dec 2023 | ฿385.4b | ฿322.2b | -฿32,414,041,964.00 | 12.9x | -11.9x | 1.2x |
| Sun, 26 Nov 2023 | ฿411.6b | ฿322.2b | -฿32,414,041,964.00 | 11.9x | -12.7x | 1.3x |
| Tue, 24 Oct 2023 | ฿436.2b | ฿299.9b | -฿38,504,965,451.00 | 13.4x | -11.3x | 1.5x |
| Thu, 21 Sep 2023 | ฿475.8b | ฿299.9b | -฿38,504,965,451.00 | 14.5x | -12.4x | 1.6x |
| Sat, 19 Aug 2023 | ฿443.8b | ฿299.9b | -฿38,504,965,451.00 | 12.4x | -11.5x | 1.5x |
| Mon, 17 Jul 2023 | ฿439.7b | ฿285.6b | -฿36,593,677,824.00 | 13.5x | -12x | 1.5x |
| Wed, 14 Jun 2023 | ฿442.7b | ฿285.6b | -฿36,593,677,824.00 | 15.7x | -12.1x | 1.6x |
| Fri, 12 May 2023 | ฿474.9b | ฿303.4b | -฿37,882,461,577.00 | 16.3x | -12.5x | 1.6x |
| Sun, 09 Apr 2023 | ฿497.1b | ฿303.4b | -฿37,882,461,577.00 | 16.8x | -13.1x | 1.6x |
| Tue, 07 Mar 2023 | ฿502.2b | ฿302.7b | -฿36,838,784,386.00 | 34.6x | -13.6x | 1.7x |
| Thu, 02 Feb 2023 | ฿213.3b | ฿175.9b | -฿4,983,075,004.00 | 31.3x | -42.8x | 1.2x |
| Sat, 31 Dec 2022 | ฿207.8b | ฿175.9b | -฿4,983,075,004.00 | 28.3x | -41.7x | 1.2x |
| Mon, 28 Nov 2022 | ฿197.0b | ฿175.9b | -฿4,983,075,004.00 | 24.5x | -39.5x | 1.1x |
Price to Earnings Ratio
-39.5x
Current Industry PE
- Investors are optimistic on the Thai Telecom industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 713x which is higher than its 3-year average PE of 6.4x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
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 grown 7.6% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Telecom industry?
| TH Market | -0.45% | |
| Telecom | -0.87% | |
| Telecom Services and Carriers | -1.19% | |
| Alternative Carriers | -0.68% | |
| Integrated Telecom Services | -1.21% | |
Industry PE
- Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 20.8x.
- Analysts are expecting annual earnings growth of 73.3%, which is higher than its past year's earnings growth of 23.0% 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 73% 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 26% 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 | |
|---|---|---|---|---|---|
| JTS Jasmine Technology Solution | ฿31.25 | 30.2% +฿5.1b | -53.0% | PE85.3x | |
| SAMTEL Samart Telcoms | ฿3.78 | 5.0% +฿111.2m | -43.6% | PE21x | |
| ITEL Interlink Telecom | ฿1.19 | 5.3% +฿82.8m | -46.4% | PE13.9x |