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Thai (SET) Renewable Energy Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies25
  • 7D0.3%
  • 3M9.9%
  • 1Y31.9%
  • YTD44.3%

Last week, the Renewable Energy industry hasn't moved much but Global Power Synergy is up 4.7% in that time. The past year has been better, since the industry has gained 32% in that time. Looking forward, earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

Has the Thai Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026฿1.5t฿414.2b฿57.9b14.4x25.3x3.5x
Tue, 21 Jul 2026฿1.6t฿431.4b฿117.6b13.6x13.4x3.6x
Thu, 18 Jun 2026฿1.4t฿431.4b฿117.6b11x12.3x3.4x
Sat, 16 May 2026฿1.3t฿429.0b฿118.7b13x11.3x3.1x
Mon, 13 Apr 2026฿1.3t฿429.5b฿109.7b12.4x12x3.1x
Wed, 11 Mar 2026฿1.3t฿429.5b฿114.1b12.6x11.1x2.9x
Fri, 06 Feb 2026฿1.2t฿396.8b฿94.0b13.3x12.6x3x
Sun, 04 Jan 2026฿1.1t฿396.8b฿94.0b13.5x11.3x2.7x
Tue, 02 Dec 2025฿1.0t฿396.8b฿94.0b13.4x11.1x2.6x
Thu, 30 Oct 2025฿1.1t฿439.6b฿101.2b10.7x11.1x2.5x
Sat, 27 Sep 2025฿1.1t฿440.7b฿100.2b10.1x10.9x2.5x
Mon, 25 Aug 2025฿1.1t฿440.7b฿100.2b10.3x11.4x2.6x
Wed, 23 Jul 2025฿1.0t฿439.9b฿44.2b12.7x23.4x2.3x
Fri, 20 Jun 2025฿943.7b฿439.9b฿44.2b11x21.4x2.1x
Sun, 18 May 2025฿1.1t฿440.0b฿44.4b12.8x25.5x2.6x
Tue, 15 Apr 2025฿1.0t฿452.0b฿40.8b11.3x25x2.3x
Thu, 13 Mar 2025฿932.4b฿452.0b฿40.8b12x22.8x2.1x
Sat, 08 Feb 2025฿1.1t฿458.2b฿32.4b13.7x33.3x2.4x
Mon, 06 Jan 2025฿1.1t฿458.2b฿32.4b15.1x35.4x2.5x
Wed, 04 Dec 2024฿1.3t฿458.2b฿32.4b16.3x40.1x2.8x
Fri, 01 Nov 2024฿1.3t฿468.1b฿31.7b15.6x41.3x2.8x
Sun, 29 Sep 2024฿1.2t฿468.1b฿31.7b16.9x39.2x2.7x
Tue, 27 Aug 2024฿1.1t฿468.1b฿31.7b14.8x34.9x2.4x
Thu, 25 Jul 2024฿1.0t฿475.4b฿31.7b13.3x32.1x2.1x
Sat, 22 Jun 2024฿1.0t฿475.4b฿31.7b17x32.6x2.2x
Mon, 20 May 2024฿1.1t฿472.2b฿32.9b16.8x34.6x2.4x
Wed, 17 Apr 2024฿1.2t฿485.7b฿36.8b17.6x33x2.5x
Fri, 15 Mar 2024฿1.2t฿485.7b฿36.8b17.7x33.9x2.6x
Sun, 11 Feb 2024฿1.3t฿514.6b฿55.5b15.1x22.7x2.4x
Tue, 09 Jan 2024฿1.3t฿528.6b฿54.6b15.5x23.1x2.4x
Thu, 07 Dec 2023฿1.3t฿528.6b฿54.6b15.1x23.3x2.4x
Sat, 04 Nov 2023฿1.3t฿551.6b฿52.0b14.8x24.3x2.3x
Mon, 02 Oct 2023฿1.3t฿551.6b฿52.0b15.2x24.9x2.4x
Wed, 30 Aug 2023฿1.5t฿551.6b฿52.0b14.9x28.3x2.7x
Price to Earnings Ratio

28.3x


Total Market Cap: ฿1.5tTotal Earnings: ฿52.0bTotal Revenue: ฿551.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Renewable Energy Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Thai Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 3.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.1% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

TH Market0.31%
Utilities0.14%
Renewable Energy0.27%
Renewable Energy1.71%
Independent Power Producers and Energy Traders0.085%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings growth of 1.7% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 28.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 1.7% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 9.1% 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
GPSC Global Power Synergy฿50.504.7%
+฿6.3b
35.6%PE21x
BGRIM B.Grimm Power฿18.906.8%
+฿3.1b
56.2%PE33x
SPCG SPCG฿9.958.2%
+฿791.8m
17.8%PE28.3x
CKP CK Power฿2.583.2%
+฿650.4m
-10.4%PE8.8x
BCPG BCPG฿7.202.9%
+฿599.2m
-11.7%PE9.7x

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