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Thai (SET) Renewable Energy Industry Analysis
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies18
- 7D2.0%
- 3M2.4%
- 1Y2.4%
- YTDn/a
In the last week, the Renewable Energy industry is up 4.4%, with Energy Absolute up 7.5%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 7.9% annually.
Industry Valuation and Performance
Has the Thai Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | ฿134.3b | ฿71.4b | ฿3.4b | 13x | 40x | 1.9x |
| Sun, 01 Mar 2026 | ฿145.0b | ฿72.5b | -฿454,155,594.00 | 13.3x | -319.4x | 2x |
| Tue, 27 Jan 2026 | ฿129.5b | ฿73.5b | -฿651,749,491.00 | 11.4x | -198.8x | 1.8x |
| Thu, 25 Dec 2025 | ฿133.0b | ฿73.5b | -฿651,749,491.00 | 11.5x | -204.1x | 1.8x |
| Sat, 22 Nov 2025 | ฿130.6b | ฿73.9b | -฿651,749,490.00 | 11.6x | -200.4x | 1.8x |
| Mon, 20 Oct 2025 | ฿146.9b | ฿74.7b | ฿1.2b | 10.4x | 121.6x | 2x |
| Wed, 17 Sep 2025 | ฿150.8b | ฿75.7b | ฿205.7m | 10.1x | 733.3x | 2x |
| Fri, 15 Aug 2025 | ฿144.1b | ฿76.6b | ฿1.4b | 9.2x | 105.8x | 1.9x |
| Sun, 13 Jul 2025 | ฿131.3b | ฿79.2b | ฿4.4b | 10.6x | 29.8x | 1.7x |
| Tue, 10 Jun 2025 | ฿141.1b | ฿79.2b | ฿4.4b | 12x | 32x | 1.8x |
| Thu, 08 May 2025 | ฿141.9b | ฿82.9b | ฿5.0b | 11.8x | 28.3x | 1.7x |
| Sat, 05 Apr 2025 | ฿129.7b | ฿82.9b | ฿5.0b | 11x | 25.9x | 1.6x |
| Mon, 03 Mar 2025 | ฿140.6b | ฿84.5b | ฿4.7b | 10.9x | 30.2x | 1.7x |
| Wed, 29 Jan 2025 | ฿148.4b | ฿87.9b | ฿10.8b | 13.3x | 13.7x | 1.7x |
| Fri, 27 Dec 2024 | ฿154.8b | ฿87.9b | ฿10.8b | 12x | 14.3x | 1.8x |
| Sun, 24 Nov 2024 | ฿166.2b | ฿87.5b | ฿11.0b | 12.7x | 15.1x | 1.9x |
| Tue, 22 Oct 2024 | ฿194.3b | ฿89.8b | ฿11.3b | 12.8x | 17.2x | 2.2x |
| Thu, 19 Sep 2024 | ฿200.2b | ฿89.8b | ฿11.3b | 13.5x | 17.8x | 2.2x |
| Sat, 17 Aug 2024 | ฿159.0b | ฿93.0b | ฿13.0b | 13x | 12.2x | 1.7x |
| Mon, 15 Jul 2024 | ฿211.8b | ฿93.4b | ฿13.4b | 12.8x | 15.9x | 2.3x |
| Wed, 12 Jun 2024 | ฿236.2b | ฿93.4b | ฿13.3b | 12.7x | 17.7x | 2.5x |
| Fri, 10 May 2024 | ฿283.9b | ฿96.8b | ฿16.3b | 14.6x | 17.5x | 2.9x |
| Sun, 07 Apr 2024 | ฿293.9b | ฿96.8b | ฿16.4b | 15.7x | 18x | 3x |
| Tue, 05 Mar 2024 | ฿306.7b | ฿96.9b | ฿16.4b | 16.1x | 18.8x | 3.2x |
| Thu, 01 Feb 2024 | ฿337.6b | ฿102.4b | ฿21.0b | 14.9x | 16.1x | 3.3x |
| Sat, 30 Dec 2023 | ฿347.2b | ฿102.3b | ฿21.1b | 14.9x | 16.5x | 3.4x |
| Mon, 27 Nov 2023 | ฿347.6b | ฿102.3b | ฿21.1b | 14x | 16.5x | 3.4x |
| Wed, 25 Oct 2023 | ฿344.7b | ฿103.5b | ฿24.5b | 12.4x | 14.1x | 3.3x |
| Fri, 22 Sep 2023 | ฿404.4b | ฿103.5b | ฿24.5b | 13.6x | 16.5x | 3.9x |
| Sun, 20 Aug 2023 | ฿410.8b | ฿103.5b | ฿24.5b | 12.5x | 16.8x | 4x |
| Tue, 18 Jul 2023 | ฿412.8b | ฿105.5b | ฿25.6b | 12.9x | 16.1x | 3.9x |
| Thu, 15 Jun 2023 | ฿448.7b | ฿105.5b | ฿25.6b | 13.2x | 17.5x | 4.3x |
| Sat, 13 May 2023 | ฿471.1b | ฿100.1b | ฿25.8b | 12.7x | 18.3x | 4.7x |
| Mon, 10 Apr 2023 | ฿513.3b | ฿100.0b | ฿25.7b | 13.7x | 20x | 5.1x |
Price to Earnings Ratio
20x
Current Industry PE
- Investors are optimistic on the Thai Renewable Electricity industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 40.2x which is higher than its 3-year average PE of 18.2x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have declined 49% per year over the last three years,
- Revenues have also declined 11% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Thai Renewable Energy compare with similar industries?
| TH Market | 1.57% | |
| Utilities | 4.45% | |
| Renewable Energy | 4.61% | |
| Renewable Energy | 2.01% | |
| Independent Power Producers and Energy Traders | 4.92% | |
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 | |
|---|---|---|---|---|---|
| BCPG BCPG | ฿6.65 | 3.1% +฿599.2m | 1.5% | PE23.3x | |
| EA Energy Absolute | ฿2.66 | 3.1% +฿594.1m | 33.0% | PS1.5x | |
| TSE Thai Solar Energy | ฿0.69 | 15.0% +฿190.4m | 97.1% | PE31.2x | |
| ACE Absolute Clean Energy | ฿1.28 | 0.8% +฿97.5m | 0.8% | PE15.6x | |
| TPIPP TPI Polene Power | ฿1.83 | 0.5% +฿84.0m | -14.5% | PE6.8x |