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Thai (SET) Independent Power Producers and Energy Traders Industry Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies8
- 7D2.1%
- 3M-5.0%
- 1Y-8.6%
- YTDn/a
All of the companies in the Independent Power Producers and Energy Traders industry have been up over the last week, with the industry up 3.2%. However, the industry is down 11% over the past year. In the next few years, earnings are forecast to decline by 21% annually.
Industry Valuation and Performance
Has the Thai Independent Power Producers and Energy Traders Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | ฿929.9b | ฿323.3b | ฿94.7b | 14.6x | 9.8x | 2.9x |
| Sat, 15 Nov 2025 | ฿923.1b | ฿333.0b | ฿96.9b | 14x | 9.5x | 2.8x |
| Mon, 13 Oct 2025 | ฿997.6b | ฿364.9b | ฿100.0b | 13.5x | 10x | 2.7x |
| Wed, 10 Sep 2025 | ฿996.0b | ฿364.9b | ฿100.0b | 11.9x | 10x | 2.7x |
| Fri, 08 Aug 2025 | ฿998.3b | ฿359.3b | ฿40.4b | 18x | 24.7x | 2.8x |
| Sun, 06 Jul 2025 | ฿856.5b | ฿360.7b | ฿39.8b | 15.8x | 21.5x | 2.4x |
| Tue, 03 Jun 2025 | ฿925.2b | ฿360.7b | ฿39.8b | 17x | 23.3x | 2.6x |
| Thu, 01 May 2025 | ฿986.5b | ฿369.1b | ฿35.8b | 16.9x | 27.5x | 2.7x |
| Sat, 29 Mar 2025 | ฿818.5b | ฿369.1b | ฿35.8b | 15.7x | 22.8x | 2.2x |
| Mon, 24 Feb 2025 | ฿880.5b | ฿373.1b | ฿21.0b | 20.1x | 42x | 2.4x |
| Wed, 22 Jan 2025 | ฿988.4b | ฿370.4b | ฿21.5b | 31.5x | 45.9x | 2.7x |
| Fri, 20 Dec 2024 | ฿1.0t | ฿370.4b | ฿21.5b | 34.1x | 47.4x | 2.8x |
| Sun, 17 Nov 2024 | ฿1.0t | ฿371.4b | ฿21.9b | 35x | 47.9x | 2.8x |
| Tue, 15 Oct 2024 | ฿1.1t | ฿378.3b | ฿20.4b | 37.9x | 55.7x | 3x |
| Thu, 12 Sep 2024 | ฿1.0t | ฿378.3b | ฿20.4b | 34.2x | 49.9x | 2.7x |
| Sat, 10 Aug 2024 | ฿886.2b | ฿382.2b | ฿21.3b | 29.6x | 41.7x | 2.3x |
| Mon, 08 Jul 2024 | ฿800.0b | ฿382.0b | ฿18.3b | 32.6x | 43.7x | 2.1x |
| Wed, 05 Jun 2024 | ฿818.6b | ฿387.6b | ฿18.2b | 34.5x | 45x | 2.1x |
| Fri, 03 May 2024 | ฿855.3b | ฿388.9b | ฿20.5b | 34.8x | 41.8x | 2.2x |
| Sun, 31 Mar 2024 | ฿905.9b | ฿388.9b | ฿20.5b | 37.4x | 44.2x | 2.3x |
| Tue, 27 Feb 2024 | ฿931.9b | ฿407.3b | ฿33.9b | 35.5x | 27.5x | 2.3x |
| Thu, 25 Jan 2024 | ฿914.2b | ฿426.4b | ฿33.5b | 24x | 27.3x | 2.1x |
| Sat, 23 Dec 2023 | ฿915.6b | ฿426.4b | ฿33.5b | 24.3x | 27.3x | 2.1x |
| Mon, 20 Nov 2023 | ฿936.5b | ฿426.4b | ฿33.5b | 25.4x | 27.9x | 2.2x |
| Wed, 18 Oct 2023 | ฿886.0b | ฿448.1b | ฿27.5b | 22.7x | 32.2x | 2x |
| Fri, 15 Sep 2023 | ฿960.5b | ฿448.1b | ฿27.5b | 24.3x | 34.9x | 2.1x |
| Sun, 13 Aug 2023 | ฿1.0t | ฿453.8b | ฿25.0b | 43x | 40.6x | 2.2x |
| Tue, 11 Jul 2023 | ฿964.5b | ฿449.1b | ฿23.1b | 45x | 41.8x | 2.1x |
| Thu, 08 Jun 2023 | ฿997.8b | ฿449.1b | ฿23.1b | 45.2x | 43.2x | 2.2x |
| Sat, 06 May 2023 | ฿1.1t | ฿443.1b | ฿24.4b | 30x | 45x | 2.5x |
| Mon, 03 Apr 2023 | ฿1.1t | ฿443.1b | ฿24.4b | 30.5x | 46.6x | 2.6x |
| Wed, 01 Mar 2023 | ฿1.1t | ฿429.3b | ฿28.9b | 38.6x | 39.5x | 2.7x |
| Fri, 27 Jan 2023 | ฿1.2t | ฿397.0b | ฿28.8b | 46.9x | 41x | 3x |
| Sun, 25 Dec 2022 | ฿1.2t | ฿397.0b | ฿28.8b | 45.9x | 40.5x | 2.9x |
Price to Earnings Ratio
40.5x
Current Industry PE
- Investors are pessimistic on the Thai Independent Power Producers and Energy Traders 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 9.8x which is lower than its 3-year average PE of 35.3x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 49% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.6% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Thai Independent Power Producers and Energy Traders compare with similar industries?
| TH Market | -1.04% | |
| Utilities | 2.03% | |
| Renewable Energy | 2.24% | |
| Independent Power Producers and Energy Traders | 2.05% | |
| Renewable Energy | 3.57% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GULF Gulf Development | ฿41.25 | 0.6% +฿3.7b | n/a | PE8.2x | |
| EGCO Electricity Generating | ฿114.00 | 0.9% +฿526.5m | -4.6% | PE12.1x | |
| SCG Ratch Pathana Energy | ฿2.18 | 0.9% +฿23.3m | -38.1% | PS0.8x |