Thai (SET) Water Industry Analysis

UpdatedSep 02, 2026

DataAggregated Company Financials

Companies3

7D0.3%
3M15.3%
1Y39.6%
YTDn/a

Over the last 7 days, the Water industry has risen 1.1%, driven by gains from WHA Utilities and Power of 1.4%. In the last 12 months, the industry was up 43%. Earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

Has the Thai Water Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 02 Sep 2026	฿77.4b	฿12.6b	฿4.7b	19x	16.3x	6.1x
Fri, 31 Jul 2026	฿78.7b	฿12.4b	฿4.4b	26.5x	17.8x	6.3x
Sun, 28 Jun 2026	฿71.6b	฿12.4b	฿4.4b	24.6x	16.2x	5.7x
Tue, 26 May 2026	฿65.9b	฿12.4b	฿4.4b	19.5x	14.9x	5.3x
Thu, 23 Apr 2026	฿59.6b	฿12.0b	฿4.3b	17.8x	13.9x	5x
Sat, 21 Mar 2026	฿57.6b	฿12.0b	฿4.3b	16.3x	13.4x	4.8x
Mon, 16 Feb 2026	฿59.3b	฿12.0b	฿4.3b	17.2x	13.8x	4.9x
Wed, 14 Jan 2026	฿55.3b	฿12.0b	฿4.3b	14.8x	12.9x	4.6x
Fri, 12 Dec 2025	฿56.9b	฿12.0b	฿4.3b	16.2x	13.2x	4.7x
Sun, 09 Nov 2025	฿55.9b	฿11.8b	฿3.8b	23.3x	14.6x	4.7x
Tue, 07 Oct 2025	฿56.5b	฿11.8b	฿3.8b	23.3x	14.8x	4.8x
Thu, 04 Sep 2025	฿55.3b	฿11.8b	฿3.8b	21.7x	14.5x	4.7x
Sat, 02 Aug 2025	฿52.2b	฿12.0b	฿3.9b	14.9x	13.4x	4.3x
Mon, 30 Jun 2025	฿48.7b	฿12.0b	฿3.9b	13.4x	12.5x	4.1x
Wed, 28 May 2025	฿50.4b	฿12.0b	฿3.9b	14.5x	12.9x	4.2x
Fri, 25 Apr 2025	฿51.2b	฿12.1b	฿4.0b	12.6x	12.9x	4.2x
Sun, 23 Mar 2025	฿52.5b	฿12.1b	฿4.0b	12.6x	13.3x	4.3x
Tue, 18 Feb 2025	฿53.1b	฿12.2b	฿4.1b	11.7x	12.9x	4.4x
Thu, 16 Jan 2025	฿54.5b	฿12.2b	฿4.1b	12.4x	13.2x	4.5x
Sat, 14 Dec 2024	฿59.0b	฿12.2b	฿4.1b	13.6x	14.3x	4.8x
Mon, 11 Nov 2024	฿61.7b	฿12.4b	฿4.7b	12.7x	13.2x	5x
Wed, 09 Oct 2024	฿61.6b	฿12.4b	฿4.7b	13.3x	13.2x	4.9x
Fri, 06 Sep 2024	฿58.4b	฿12.4b	฿4.7b	13x	12.5x	4.7x
Sun, 04 Aug 2024	฿55.1b	฿12.8b	฿4.8b	12.3x	11.4x	4.3x
Tue, 02 Jul 2024	฿55.8b	฿12.8b	฿4.8b	12.4x	11.6x	4.4x
Thu, 30 May 2024	฿56.2b	฿12.8b	฿4.8b	12.4x	11.6x	4.4x
Sat, 27 Apr 2024	฿55.9b	฿13.0b	฿4.9b	12.1x	11.5x	4.3x
Mon, 25 Mar 2024	฿57.5b	฿13.0b	฿4.9b	12.2x	11.8x	4.4x
Wed, 21 Feb 2024	฿60.6b	฿13.0b	฿4.5b	14.4x	13.5x	4.7x
Fri, 19 Jan 2024	฿60.2b	฿13.0b	฿4.5b	14x	13.4x	4.6x
Sun, 17 Dec 2023	฿57.4b	฿13.0b	฿4.5b	13.2x	12.8x	4.4x
Tue, 14 Nov 2023	฿57.3b	฿13.0b	฿4.5b	13.3x	12.7x	4.4x
Thu, 12 Oct 2023	฿57.3b	฿12.8b	฿4.1b	16x	14x	4.5x
Sat, 09 Sep 2023	฿59.1b	฿12.8b	฿4.1b	16.7x	14.4x	4.6x

Price to Earnings Ratio

14.4x

Sat, 09 Sep 2023

Current Industry PE

There are only 3 companies in the Thai Water Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

The earnings for companies in the Water Utilities industry have grown 5.0% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.