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Thai (SET) Independent Power Producers and Energy Traders Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies8
  • 7D5.0%
  • 3M8.0%
  • 1Y20.2%
  • YTDn/a

In the last week, the Independent Power Producers and Energy Traders industry is up 5.0%, with Gulf Development up 6.4%. This means that the industry has gained 22% over the past year. As for the next few years, earnings are forecast to decline by 22% per annum.

Industry Valuation and Performance

Has the Thai Independent Power Producers and Energy Traders Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026฿1.0t฿323.3b฿94.7b14.9x11.1x3.2x
Mon, 05 Jan 2026฿927.5b฿323.3b฿94.7b14.6x9.8x2.9x
Wed, 03 Dec 2025฿911.5b฿323.3b฿94.7b14.4x9.6x2.8x
Fri, 31 Oct 2025฿990.2b฿364.9b฿100.0b15.4x9.9x2.7x
Sun, 28 Sep 2025฿942.0b฿364.9b฿100.0b11.6x9.4x2.6x
Tue, 26 Aug 2025฿1.0t฿364.9b฿100.0b12x10.2x2.8x
Thu, 24 Jul 2025฿938.3b฿360.7b฿39.8b17.2x23.6x2.6x
Sat, 21 Jun 2025฿810.2b฿360.7b฿39.8b15x20.4x2.2x
Mon, 19 May 2025฿989.6b฿360.6b฿39.8b17.4x24.9x2.7x
Wed, 16 Apr 2025฿894.4b฿369.1b฿35.8b14.4x25x2.4x
Fri, 14 Mar 2025฿803.8b฿369.1b฿35.8b16.6x22.4x2.2x
Sun, 09 Feb 2025฿938.3b฿370.4b฿21.5b28.8x43.5x2.5x
Tue, 07 Jan 2025฿960.8b฿370.4b฿21.5b31x44.6x2.6x
Thu, 05 Dec 2024฿1.1t฿370.4b฿21.5b37.2x51.2x3x
Sat, 02 Nov 2024฿1.1t฿378.3b฿20.4b36.7x55.3x3x
Mon, 30 Sep 2024฿1.0t฿378.3b฿20.4b34.9x51x2.7x
Wed, 28 Aug 2024฿934.1b฿378.3b฿20.4b31.3x45.8x2.5x
Fri, 26 Jul 2024฿846.6b฿382.0b฿18.3b33.9x46.3x2.2x
Sun, 23 Jun 2024฿804.8b฿382.0b฿18.3b33.4x44x2.1x
Tue, 21 May 2024฿870.7b฿379.2b฿19.7b37.4x44.1x2.3x
Thu, 18 Apr 2024฿871.9b฿388.9b฿20.5b35.6x42.6x2.2x
Sat, 16 Mar 2024฿932.8b฿388.9b฿20.5b38.6x45.6x2.4x
Mon, 12 Feb 2024฿917.4b฿410.5b฿34.4b23.8x26.6x2.2x
Wed, 10 Jan 2024฿902.2b฿426.4b฿33.5b24.2x26.9x2.1x
Fri, 08 Dec 2023฿920.7b฿426.4b฿33.5b24.8x27.5x2.2x
Sun, 05 Nov 2023฿908.5b฿448.1b฿27.5b24.2x33x2x
Tue, 03 Oct 2023฿910.9b฿448.1b฿27.5b22.1x33.1x2x
Thu, 31 Aug 2023฿1.0t฿448.1b฿27.5b25.4x37.2x2.3x
Sat, 29 Jul 2023฿1.0t฿449.1b฿23.1b49.4x45.4x2.3x
Mon, 26 Jun 2023฿979.5b฿449.1b฿23.1b44x42.4x2.2x
Wed, 24 May 2023฿1.0t฿449.4b฿23.1b47.9x45.1x2.3x
Fri, 21 Apr 2023฿1.1t฿443.1b฿24.4b31x45.2x2.5x
Sun, 19 Mar 2023฿1.1t฿443.1b฿24.4b29.9x45.1x2.5x
Tue, 14 Feb 2023฿1.2t฿397.0b฿28.8b46.9x41.5x3x
Price to Earnings Ratio

41.5x


Total Market Cap: ฿1.2tTotal Earnings: ฿28.8bTotal Revenue: ฿397.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Independent Power Producers and Energy Traders Industry Price to Earnings3Y Average 33.8x202420252026
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 11.2x which is lower than its 3-year average PE of 33.8x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
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 Market2.12%
Utilities4.33%
Renewable Energy4.60%
Independent Power Producers and Energy Traders5.05%
Renewable Energy1.19%
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?

CompanyLast Price7D1YValuation
GULF Gulf Development฿49.756.4%
+฿44.8b		n/aPE9.9x
GPSC Global Power Synergy฿37.756.3%
+฿6.3b		38.5%PE18x
BGRIM B.Grimm Power฿13.102.3%
+฿782.1m		0.8%PE31.9x
EGCO Electricity Generating฿118.500.9%
+฿526.5m		16.7%PE12.5x

Latest News

BGRIM
฿13.10
B.Grimm Power
7D
2.3%
1Y
0.8%
SCG
฿2.34
Ratch Pathana Energy
7D
-10.7%
1Y
-27.3%
RATCH
฿30.50
Ratch Group
7D
-1.6%
1Y
11.9%
GPSC
฿37.75
Global Power Synergy
7D
6.3%
1Y
38.5%
EGCO
฿118.50
Electricity Generating
7D
0.9%
1Y
16.7%
BPP
฿11.10
Banpu Power
7D
-1.8%
1Y
29.8%
GULF
฿49.75
Gulf Development
7D
6.4%
1Y
n/a