Thai (SET) Water Industry Analysis

UpdatedApr 27, 2026

DataAggregated Company Financials

Companies3

7D0.9%
3M5.9%
1Y14.9%
YTDn/a

Over the last 7 days, the Water industry has remained flat, although notably WHA Utilities and Power gained 4.0%. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 5.2% 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
Mon, 27 Apr 2026	฿59.3b	฿12.0b	฿4.3b	17.7x	13.8x	4.9x
Wed, 25 Mar 2026	฿56.5b	฿12.0b	฿4.3b	15.8x	13.2x	4.7x
Fri, 20 Feb 2026	฿61.4b	฿12.0b	฿4.3b	17.8x	14.3x	5.1x
Sun, 18 Jan 2026	฿56.0b	฿12.0b	฿4.3b	15.3x	13x	4.7x
Tue, 16 Dec 2025	฿57.1b	฿12.0b	฿4.3b	16.4x	13.3x	4.8x
Thu, 13 Nov 2025	฿55.7b	฿11.9b	฿3.9b	23.5x	14.3x	4.7x
Sat, 11 Oct 2025	฿56.7b	฿11.8b	฿3.8b	23.7x	14.8x	4.8x
Mon, 08 Sep 2025	฿55.9b	฿11.8b	฿3.8b	21.9x	14.6x	4.7x
Wed, 06 Aug 2025	฿52.7b	฿12.0b	฿3.9b	14.9x	13.5x	4.4x
Fri, 04 Jul 2025	฿49.8b	฿12.0b	฿3.9b	14.4x	12.8x	4.1x
Sun, 01 Jun 2025	฿49.9b	฿12.0b	฿3.9b	14.1x	12.8x	4.2x
Tue, 29 Apr 2025	฿50.7b	฿12.1b	฿4.0b	12.5x	12.8x	4.2x
Thu, 27 Mar 2025	฿52.1b	฿12.1b	฿4.0b	12.7x	13.2x	4.3x
Sat, 22 Feb 2025	฿53.9b	฿12.2b	฿4.2b	12.7x	12.9x	4.4x
Mon, 20 Jan 2025	฿53.9b	฿12.2b	฿4.1b	12.1x	13.1x	4.4x
Wed, 18 Dec 2024	฿58.8b	฿12.2b	฿4.1b	13.6x	14.3x	4.8x
Fri, 15 Nov 2024	฿59.4b	฿12.5b	฿4.2b	14.3x	14.1x	4.7x
Sun, 13 Oct 2024	฿61.1b	฿12.4b	฿4.7b	13.1x	13.1x	4.9x
Tue, 10 Sep 2024	฿60.1b	฿12.4b	฿4.7b	13.2x	12.9x	4.8x
Thu, 08 Aug 2024	฿54.3b	฿12.8b	฿4.8b	12.2x	11.3x	4.3x
Sat, 06 Jul 2024	฿55.9b	฿12.8b	฿4.8b	12.5x	11.6x	4.4x
Mon, 03 Jun 2024	฿56.1b	฿12.8b	฿4.8b	12.8x	11.6x	4.4x
Wed, 01 May 2024	฿56.7b	฿13.0b	฿4.9b	12.2x	11.6x	4.4x
Fri, 29 Mar 2024	฿57.0b	฿13.0b	฿4.9b	12.2x	11.7x	4.4x
Sun, 25 Feb 2024	฿61.3b	฿12.9b	฿5.0b	13.4x	12.3x	4.7x
Tue, 23 Jan 2024	฿60.4b	฿13.0b	฿4.5b	14x	13.4x	4.6x
Thu, 21 Dec 2023	฿58.0b	฿13.0b	฿4.5b	13.5x	12.9x	4.5x
Sat, 18 Nov 2023	฿58.0b	฿13.0b	฿4.5b	13.3x	12.9x	4.5x
Mon, 16 Oct 2023	฿57.5b	฿12.8b	฿4.1b	15.9x	14x	4.5x
Wed, 13 Sep 2023	฿59.9b	฿12.8b	฿4.1b	17x	14.6x	4.7x
Fri, 11 Aug 2023	฿55.2b	฿12.5b	฿4.2b	12.7x	13.2x	4.4x
Sun, 09 Jul 2023	฿54.8b	฿12.5b	฿4.2b	11.9x	13.1x	4.4x
Tue, 06 Jun 2023	฿57.0b	฿12.5b	฿4.2b	13.8x	13.6x	4.6x
Thu, 04 May 2023	฿57.3b	฿12.4b	฿4.1b	11.7x	13.9x	4.6x

Price to Earnings Ratio

13.9x

Thu, 04 May 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

Both revenue and earnings for companies in the Water Utilities industry have remained mostly flat over the last three years.
This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.