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Thai (SET) Independent Power Producers and Energy Traders Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies8
- 7D1.2%
- 3M-5.9%
- 1Y2.7%
- YTDn/a
In the last week, the Independent Power Producers and Energy Traders industry is up 2.8%, with Gulf Development up 1.8%. In the same time, Banpu Power was down 14%. Despite this gain, the industry's performance has been flat 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | ฿938.3b | ฿323.3b | ฿94.7b | 14.5x | 9.9x | 2.9x |
| Sun, 07 Dec 2025 | ฿905.6b | ฿323.3b | ฿94.7b | 14.3x | 9.6x | 2.8x |
| 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 |
Price to Earnings Ratio
41.6x
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 10.1x which is lower than its 3-year average PE of 34.6x.
- 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 | -0.51% | |
| Utilities | 0.97% | |
| Renewable Energy | 0.96% | |
| Independent Power Producers and Energy Traders | 1.17% | |
| Renewable Energy | -0.48% | |
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 | ฿42.50 | 1.8% +฿11.2b | n/a | PE8.5x | |
| GPSC Global Power Synergy | ฿37.25 | 3.5% +฿3.5b | 11.2% | PE17.8x | |
| BGRIM B.Grimm Power | ฿14.60 | 3.5% +฿1.3b | -15.6% | PE35.6x | |
| EGCO Electricity Generating | ฿114.50 | 0.4% +฿263.2m | 1.3% | PE12.1x |