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Thai (SET) Independent Power Producers and Energy Traders Industry Analysis
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies8
- 7D-4.1%
- 3M1.1%
- 1Y-10.0%
- YTDn/a
Over the last 7 days, the Independent Power Producers and Energy Traders industry has dropped 4.1%, driven by a pullback from Gulf Development of 4.9%. Meanwhile, Banpu Power actually outperformed within the industry, gaining 20% in the last week. However, the industry is down 10% over the past year. As for the next few years, earnings are forecast to decline by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 04 Nov 2025 | ฿976.0b | ฿364.9b | ฿100.0b | 15.4x | 9.8x | 2.7x |
| Thu, 02 Oct 2025 | ฿924.8b | ฿364.9b | ฿100.0b | 11.4x | 9.2x | 2.5x |
| Sat, 30 Aug 2025 | ฿1.0t | ฿364.9b | ฿100.0b | 12x | 10x | 2.8x |
| Mon, 28 Jul 2025 | ฿953.9b | ฿360.7b | ฿39.8b | 17.1x | 24x | 2.6x |
| Wed, 25 Jun 2025 | ฿869.0b | ฿360.7b | ฿39.8b | 16.1x | 21.9x | 2.4x |
| Fri, 23 May 2025 | ฿957.3b | ฿360.7b | ฿39.8b | 16.8x | 24.1x | 2.7x |
| Sun, 20 Apr 2025 | ฿940.0b | ฿369.1b | ฿35.8b | 16.1x | 26.2x | 2.5x |
| Tue, 18 Mar 2025 | ฿814.5b | ฿369.1b | ฿35.8b | 16.5x | 22.7x | 2.2x |
| Thu, 13 Feb 2025 | ฿910.5b | ฿369.9b | ฿20.7b | 28.5x | 44x | 2.5x |
| Sat, 11 Jan 2025 | ฿979.9b | ฿370.4b | ฿21.5b | 31.1x | 45.5x | 2.6x |
| Mon, 09 Dec 2024 | ฿1.1t | ฿370.4b | ฿21.5b | 37.9x | 52.2x | 3x |
| Wed, 06 Nov 2024 | ฿1.1t | ฿378.3b | ฿20.4b | 37x | 55.4x | 3x |
| Fri, 04 Oct 2024 | ฿1.1t | ฿378.3b | ฿20.4b | 35.4x | 51.5x | 2.8x |
| Sun, 01 Sep 2024 | ฿926.9b | ฿378.3b | ฿20.4b | 30.6x | 45.4x | 2.5x |
| Tue, 30 Jul 2024 | ฿875.9b | ฿382.0b | ฿18.3b | 35x | 47.9x | 2.3x |
| Thu, 27 Jun 2024 | ฿801.6b | ฿382.0b | ฿18.3b | 33.3x | 43.8x | 2.1x |
| Sat, 25 May 2024 | ฿839.0b | ฿379.2b | ฿19.7b | 35.8x | 42.5x | 2.2x |
| Mon, 22 Apr 2024 | ฿823.2b | ฿388.9b | ฿20.5b | 33.2x | 40.2x | 2.1x |
| Wed, 20 Mar 2024 | ฿929.9b | ฿388.9b | ฿20.5b | 39.1x | 45.4x | 2.4x |
| Fri, 16 Feb 2024 | ฿907.8b | ฿410.5b | ฿34.4b | 23.3x | 26.4x | 2.2x |
| Sun, 14 Jan 2024 | ฿924.8b | ฿426.4b | ฿33.5b | 24.6x | 27.6x | 2.2x |
| Tue, 12 Dec 2023 | ฿918.3b | ฿426.4b | ฿33.5b | 24.6x | 27.4x | 2.2x |
| Thu, 09 Nov 2023 | ฿895.9b | ฿434.1b | ฿29.0b | 24.1x | 30.9x | 2.1x |
| Sat, 07 Oct 2023 | ฿869.1b | ฿448.1b | ฿27.5b | 21.9x | 31.6x | 1.9x |
| Mon, 04 Sep 2023 | ฿993.8b | ฿448.1b | ฿27.5b | 25.1x | 36.1x | 2.2x |
| Wed, 02 Aug 2023 | ฿1.0t | ฿449.1b | ฿23.1b | 49.2x | 45.4x | 2.3x |
| Fri, 30 Jun 2023 | ฿962.4b | ฿449.1b | ฿23.1b | 44.2x | 41.7x | 2.1x |
| Sun, 28 May 2023 | ฿1.0t | ฿449.1b | ฿23.1b | 47.9x | 45.1x | 2.3x |
| Tue, 25 Apr 2023 | ฿1.1t | ฿443.1b | ฿24.4b | 31.1x | 44.8x | 2.5x |
| Thu, 23 Mar 2023 | ฿1.1t | ฿443.1b | ฿24.4b | 30.2x | 46.3x | 2.6x |
| Sat, 18 Feb 2023 | ฿1.2t | ฿397.0b | ฿28.8b | 46.7x | 41.1x | 3x |
| Mon, 16 Jan 2023 | ฿1.2t | ฿397.0b | ฿28.8b | 46.8x | 41.6x | 3x |
| Wed, 14 Dec 2022 | ฿1.2t | ฿397.0b | ฿28.8b | 46.1x | 40.4x | 2.9x |
| Fri, 11 Nov 2022 | ฿1.1t | ฿336.6b | ฿30.8b | 31.3x | 35.9x | 3.3x |
Price to Earnings Ratio
35.9x
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 36.4x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 2.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Thai Independent Power Producers and Energy Traders compare with similar industries?
| TH Market | -1.13% | |
| Utilities | -3.44% | |
| Renewable Energy | -3.67% | |
| Independent Power Producers and Energy Traders | -4.07% | |
| Renewable Energy | -0.88% | |
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 | |
|---|---|---|---|---|---|
| BPP Banpu Power | ฿12.80 | 28.6% +฿8.7b | 5.8% | PE20.2x |