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Thai (SET) Renewable Energy Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies18
- 7D-4.4%
- 3M-14.9%
- 1Y-19.0%
- YTDn/a
Over the last 7 days, the Renewable Energy industry has dropped 4.4%, driven by CK Power declining 9.1%. On the other hand Thachang Green Energy is actually up 7.0%. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 20% 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, 16 Jan 2026 | ฿126.9b | ฿73.5b | -฿651,749,491.00 | 11.6x | -194.7x | 1.7x |
| Sun, 14 Dec 2025 | ฿130.8b | ฿73.5b | -฿651,749,491.00 | 11.4x | -200.7x | 1.8x |
| Tue, 11 Nov 2025 | ฿138.3b | ฿74.2b | ฿1.5b | 11.9x | 91.3x | 1.9x |
| Thu, 09 Oct 2025 | ฿149.6b | ฿75.1b | ฿1.2b | 9.7x | 123.8x | 2x |
| Sat, 06 Sep 2025 | ฿145.7b | ฿75.7b | ฿205.7m | 9.7x | 708.4x | 1.9x |
| Mon, 04 Aug 2025 | ฿137.1b | ฿79.2b | ฿4.4b | 11.2x | 31.1x | 1.7x |
| Wed, 02 Jul 2025 | ฿127.3b | ฿79.2b | ฿4.4b | 9.6x | 28.9x | 1.6x |
| Fri, 30 May 2025 | ฿141.8b | ฿78.6b | ฿5.6b | 12.2x | 25.1x | 1.8x |
| Sun, 27 Apr 2025 | ฿135.4b | ฿82.9b | ฿5.0b | 11.7x | 27x | 1.6x |
| Tue, 25 Mar 2025 | ฿139.0b | ฿82.9b | ฿5.0b | 11.8x | 27.7x | 1.7x |
| Thu, 20 Feb 2025 | ฿141.8b | ฿88.0b | ฿10.9b | 12.6x | 13x | 1.6x |
| Sat, 18 Jan 2025 | ฿144.5b | ฿87.9b | ฿10.8b | 12.5x | 13.4x | 1.6x |
| Mon, 16 Dec 2024 | ฿164.4b | ฿87.9b | ฿10.8b | 12.7x | 15.2x | 1.9x |
| Wed, 13 Nov 2024 | ฿172.8b | ฿91.6b | ฿10.7b | 12.9x | 16.1x | 1.9x |
| Fri, 11 Oct 2024 | ฿198.9b | ฿89.8b | ฿11.3b | 12.9x | 17.6x | 2.2x |
| Sun, 08 Sep 2024 | ฿186.3b | ฿89.8b | ฿11.3b | 13.6x | 16.5x | 2.1x |
| Tue, 06 Aug 2024 | ฿155.3b | ฿93.4b | ฿13.4b | 12.3x | 11.6x | 1.7x |
| Thu, 04 Jul 2024 | ฿206.5b | ฿93.4b | ฿13.4b | 12.7x | 15.5x | 2.2x |
| Sat, 01 Jun 2024 | ฿252.7b | ฿93.3b | ฿13.6b | 13.8x | 18.5x | 2.7x |
| Mon, 29 Apr 2024 | ฿283.5b | ฿96.8b | ฿16.4b | 15x | 17.3x | 2.9x |
| Wed, 27 Mar 2024 | ฿307.5b | ฿96.8b | ฿16.4b | 16.4x | 18.8x | 3.2x |
| Fri, 23 Feb 2024 | ฿338.4b | ฿102.9b | ฿21.4b | 17.2x | 15.8x | 3.3x |
| Sun, 21 Jan 2024 | ฿336.6b | ฿102.4b | ฿21.0b | 14.9x | 16x | 3.3x |
| Tue, 19 Dec 2023 | ฿344.9b | ฿102.3b | ฿21.1b | 14.1x | 16.3x | 3.4x |
| Thu, 16 Nov 2023 | ฿349.2b | ฿102.5b | ฿21.7b | 14.2x | 16.1x | 3.4x |
| Sat, 14 Oct 2023 | ฿361.7b | ฿103.5b | ฿24.5b | 13.1x | 14.8x | 3.5x |
| Mon, 11 Sep 2023 | ฿429.5b | ฿103.5b | ฿24.5b | 13.9x | 17.5x | 4.1x |
| Wed, 09 Aug 2023 | ฿409.0b | ฿100.7b | ฿25.4b | 11.9x | 16.1x | 4.1x |
| Fri, 07 Jul 2023 | ฿402.6b | ฿105.5b | ฿25.6b | 12.7x | 15.7x | 3.8x |
| Sun, 04 Jun 2023 | ฿434.7b | ฿105.5b | ฿25.6b | 13x | 16.9x | 4.1x |
| Tue, 02 May 2023 | ฿470.6b | ฿100.0b | ฿25.7b | 13.1x | 18.3x | 4.7x |
| Thu, 30 Mar 2023 | ฿514.6b | ฿100.0b | ฿25.7b | 13.9x | 20x | 5.1x |
| Sat, 25 Feb 2023 | ฿521.4b | ฿94.2b | ฿27.2b | 14.9x | 19.2x | 5.5x |
| Mon, 23 Jan 2023 | ฿586.8b | ฿92.1b | ฿27.5b | 16.5x | 21.3x | 6.4x |
Price to Earnings Ratio
21.3x
Current Industry PE
- Investors are pessimistic on the Thai Renewable Electricity industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 7.2% per year, which is driving profits down.
Industry Comparison
How does Thai Renewable Energy compare with similar industries?
| TH Market | -2.88% | |
| Utilities | -1.81% | |
| Renewable Energy | -1.84% | |
| Renewable Energy | -4.39% | |
| Independent Power Producers and Energy Traders | -1.48% | |
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 | |
|---|---|---|---|---|---|
| BCPG BCPG | ฿6.95 | 2.2% +฿449.4m | 9.4% | PE71.3x | |
| TGE Thachang Green Energy | ฿1.37 | 4.6% +฿150.7m | -33.5% | PE14.8x | |
| ACE Absolute Clean Energy | ฿1.30 | 0.8% +฿97.5m | 0% | PE15.1x | |
| TPCH TPC Power Holding | ฿1.64 | 15.5% +฿88.3m | -62.6% | PS0.3x | |
| SPCG SPCG | ฿9.55 | 0.5% +฿52.8m | 17.2% | PE23.6x |