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Thai (SET) Independent Power Producers and Energy Traders Industry Analysis
UpdatedJun 07, 2026
DataAggregated Company Financials
Companies8
- 7D6.3%
- 3M17.1%
- 1Y45.5%
- YTDn/a
The Independent Power Producers and Energy Traders industry is up 6.3% in the last week, with Gulf Development up 8.1%. This means that the industry has gained 45% over the past year. In the next few years, earnings are forecast to decline by 22% 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 |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | ฿1.3t | ฿360.7b | ฿113.3b | 14x | 11.7x | 3.7x |
| Tue, 05 May 2026 | ฿1.2t | ฿358.2b | ฿106.3b | 12.3x | 10.8x | 3.2x |
| Thu, 02 Apr 2026 | ฿1.2t | ฿358.2b | ฿106.3b | 12.5x | 11.3x | 3.4x |
| Sat, 28 Feb 2026 | ฿1.3t | ฿356.0b | ฿110.6b | 15.8x | 11.4x | 3.5x |
| Mon, 26 Jan 2026 | ฿1.0t | ฿323.3b | ฿94.7b | 14.9x | 10.6x | 3.1x |
| Wed, 24 Dec 2025 | ฿950.2b | ฿323.3b | ฿94.7b | 14.6x | 10x | 2.9x |
| Fri, 21 Nov 2025 | ฿933.3b | ฿326.8b | ฿94.6b | 15x | 9.9x | 2.9x |
| Sun, 19 Oct 2025 | ฿996.6b | ฿364.9b | ฿100.0b | 13.9x | 10x | 2.7x |
| Tue, 16 Sep 2025 | ฿994.2b | ฿364.9b | ฿100.0b | 11.8x | 9.9x | 2.7x |
| Thu, 14 Aug 2025 | ฿996.2b | ฿366.0b | ฿99.4b | 12.7x | 10x | 2.7x |
| Sat, 12 Jul 2025 | ฿832.4b | ฿360.7b | ฿39.8b | 15.5x | 20.9x | 2.3x |
| Mon, 09 Jun 2025 | ฿909.3b | ฿360.7b | ฿39.8b | 17x | 22.9x | 2.5x |
| Wed, 07 May 2025 | ฿961.9b | ฿369.1b | ฿35.8b | 16.8x | 26.9x | 2.6x |
| Fri, 04 Apr 2025 | ฿225.2b | ฿248.2b | ฿17.7b | 11.9x | 12.8x | 0.9x |
| Sun, 02 Mar 2025 | ฿817.4b | ฿370.2b | ฿20.4b | 19.6x | 40.1x | 2.2x |
| Tue, 28 Jan 2025 | ฿984.0b | ฿370.4b | ฿21.5b | 31.1x | 45.7x | 2.7x |
| Thu, 26 Dec 2024 | ฿1.0t | ฿370.4b | ฿21.5b | 34.2x | 47.9x | 2.8x |
| Sat, 23 Nov 2024 | ฿1.1t | ฿370.4b | ฿21.5b | 37.1x | 51x | 3x |
| Mon, 21 Oct 2024 | ฿1.2t | ฿378.3b | ฿20.4b | 38.9x | 57.6x | 3.1x |
| Wed, 18 Sep 2024 | ฿1.0t | ฿378.3b | ฿20.4b | 34.4x | 50.3x | 2.7x |
| Fri, 16 Aug 2024 | ฿870.3b | ฿382.0b | ฿20.5b | 28.3x | 42.5x | 2.3x |
| Sun, 14 Jul 2024 | ฿834.5b | ฿382.0b | ฿18.3b | 34x | 45.6x | 2.2x |
| Tue, 11 Jun 2024 | ฿819.3b | ฿382.0b | ฿18.3b | 33.9x | 44.8x | 2.1x |
| Thu, 09 May 2024 | ฿871.4b | ฿388.9b | ฿20.5b | 35.8x | 42.6x | 2.2x |
| Sat, 06 Apr 2024 | ฿895.6b | ฿388.9b | ฿20.5b | 36.5x | 43.7x | 2.3x |
| Mon, 04 Mar 2024 | ฿890.9b | ฿388.9b | ฿21.2b | 35.4x | 42x | 2.3x |
| Wed, 31 Jan 2024 | ฿913.0b | ฿426.4b | ฿33.5b | 23.9x | 27.2x | 2.1x |
| Fri, 29 Dec 2023 | ฿916.6b | ฿426.4b | ฿33.5b | 24.4x | 27.3x | 2.1x |
| Sun, 26 Nov 2023 | ฿905.6b | ฿426.4b | ฿33.5b | 24.9x | 27x | 2.1x |
| Tue, 24 Oct 2023 | ฿838.6b | ฿448.1b | ฿27.5b | 21.7x | 30.5x | 1.9x |
| Thu, 21 Sep 2023 | ฿936.1b | ฿448.1b | ฿27.5b | 23.4x | 34x | 2.1x |
| Sat, 19 Aug 2023 | ฿1.0t | ฿448.1b | ฿27.5b | 24.7x | 36.5x | 2.2x |
| Mon, 17 Jul 2023 | ฿1.0t | ฿449.1b | ฿23.1b | 47.7x | 43.9x | 2.3x |
| Wed, 14 Jun 2023 | ฿1.0t | ฿449.1b | ฿23.1b | 46.2x | 44.5x | 2.3x |
Price to Earnings Ratio
44.5x
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 11.7x which is lower than its 3-year average PE of 30.1x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Independent Power Producers and Energy Traders industry have grown 70% per year over the last three years.
- Meanwhile revenues for these companies have declined 7.0% 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 | 0.90% | |
| Utilities | 5.44% | |
| Renewable Energy | 5.61% | |
| Independent Power Producers and Energy Traders | 6.27% | |
| Renewable Energy | 0.29% | |
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 | ฿67.00 | 8.1% +฿74.7b | 53.1% | PE11.2x | |
| BGRIM B.Grimm Power | ฿15.00 | 7.9% +฿2.9b | 44.2% | PE47.5x | |
| GPSC Global Power Synergy | ฿41.50 | 2.5% +฿2.8b | 27.7% | PE16.8x | |
| EGCO Electricity Generating | ฿117.00 | 0.4% +฿263.2m | 9.3% | PE30.4x |