Thai (SET) Water Industry Analysis

UpdatedDec 25, 2025

DataAggregated Company Financials

Companies3

7D0.5%
3M-1.1%
1Y-5.1%
YTDn/a

Over the last 7 days, the Water industry has dropped 1.6%, driven by pullbacks from every company within the industry. The industry has fallen 5.0% in the last year. As for the next few years, earnings are expected to grow by 2.0% per annum.

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
Thu, 25 Dec 2025	฿56.5b	฿12.0b	฿4.3b	15.7x	13.2x	4.7x
Sat, 22 Nov 2025	฿55.6b	฿12.0b	฿4.3b	15.3x	13x	4.7x
Mon, 20 Oct 2025	฿55.9b	฿11.8b	฿3.8b	22.9x	14.6x	4.7x
Wed, 17 Sep 2025	฿57.5b	฿11.8b	฿3.8b	23.6x	15x	4.9x
Fri, 15 Aug 2025	฿52.8b	฿12.1b	฿3.9b	19.1x	13.6x	4.4x
Sun, 13 Jul 2025	฿49.7b	฿12.0b	฿3.9b	13.9x	12.7x	4.1x
Tue, 10 Jun 2025	฿50.0b	฿12.0b	฿3.9b	14.2x	12.8x	4.2x
Thu, 08 May 2025	฿51.1b	฿12.1b	฿4.0b	12.7x	12.9x	4.2x
Sat, 05 Apr 2025	฿50.7b	฿12.1b	฿4.0b	12.5x	12.8x	4.2x
Mon, 03 Mar 2025	฿53.3b	฿12.1b	฿4.0b	12.9x	13.5x	4.4x
Wed, 29 Jan 2025	฿54.7b	฿12.2b	฿4.1b	12.3x	13.3x	4.5x
Fri, 27 Dec 2024	฿59.2b	฿12.2b	฿4.1b	13.7x	14.4x	4.8x
Sun, 24 Nov 2024	฿59.2b	฿12.2b	฿4.1b	13.6x	14.4x	4.8x
Tue, 22 Oct 2024	฿61.9b	฿12.4b	฿4.7b	12.7x	13.3x	5x
Thu, 19 Sep 2024	฿59.4b	฿12.4b	฿4.7b	12.9x	12.8x	4.8x
Sat, 17 Aug 2024	฿54.9b	฿12.4b	฿4.7b	12.7x	11.8x	4.4x
Mon, 15 Jul 2024	฿55.9b	฿12.8b	฿4.8b	12.5x	11.6x	4.4x
Wed, 12 Jun 2024	฿55.9b	฿12.8b	฿4.8b	12.4x	11.6x	4.4x
Fri, 10 May 2024	฿57.0b	฿13.0b	฿4.9b	12.2x	11.7x	4.4x
Sun, 07 Apr 2024	฿57.0b	฿13.0b	฿4.9b	12.2x	11.7x	4.4x
Tue, 05 Mar 2024	฿59.3b	฿13.0b	฿4.9b	12.9x	12.2x	4.6x
Thu, 01 Feb 2024	฿60.3b	฿13.0b	฿4.5b	14.3x	13.4x	4.6x
Sat, 30 Dec 2023	฿58.5b	฿13.0b	฿4.5b	13.6x	13x	4.5x
Mon, 27 Nov 2023	฿57.5b	฿13.0b	฿4.5b	13.3x	12.8x	4.4x
Wed, 25 Oct 2023	฿56.8b	฿12.8b	฿4.1b	15.1x	13.9x	4.4x
Fri, 22 Sep 2023	฿58.2b	฿12.8b	฿4.1b	16.6x	14.2x	4.5x
Sun, 20 Aug 2023	฿56.8b	฿12.8b	฿4.1b	16.4x	13.9x	4.4x
Tue, 18 Jul 2023	฿55.2b	฿12.5b	฿4.2b	12.1x	13.2x	4.4x
Thu, 15 Jun 2023	฿57.6b	฿12.5b	฿4.2b	13.7x	13.8x	4.6x
Sat, 13 May 2023	฿57.8b	฿12.4b	฿4.1b	11.9x	14x	4.7x
Mon, 10 Apr 2023	฿57.8b	฿12.4b	฿4.1b	11.7x	14x	4.7x
Wed, 08 Mar 2023	฿59.7b	฿12.4b	฿4.1b	12.4x	14.5x	4.8x
Fri, 03 Feb 2023	฿63.5b	฿13.2b	฿4.4b	15x	14.6x	4.8x
Sun, 01 Jan 2023	฿61.6b	฿13.2b	฿4.4b	14.9x	14.1x	4.7x

Price to Earnings Ratio

14.1x

Sun, 01 Jan 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 remained mostly flat over the last three years.
Meanwhile revenues for these companies have declined 3.1% per year.
This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.