PTT Oil and Retail Business Public Company Limited

SET:OR Stock Report

Market Cap: ฿180.0b

PTT Oil and Retail Business Valuation

Is OR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OR (THB15) is trading above our estimate of fair value (THB5.92)

Significantly Below Fair Value: OR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OR?

Key metric: As OR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OR. This is calculated by dividing OR's market cap by their current earnings.
What is OR's PE Ratio?
PE Ratio37.2x
Earnings฿4.84b
Market Cap฿180.00b

Price to Earnings Ratio vs Peers

How does OR's PE Ratio compare to its peers?

The above table shows the PE ratio for OR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26x
PTG PTG Energy
11.4x2.5%฿15.1b
MGC Millennium Group Corporation (Asia)
50.2x67.7%฿4.6b
HMPRO Home Product Center
20x1.8%฿128.9b
CRC Central Retail Corporation
22.5x11.1%฿205.1b
OR PTT Oil and Retail Business
37.2x29.6%฿180.0b

Price-To-Earnings vs Peers: OR is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the peer average (26x).

Price to Earnings Ratio vs Industry

How does OR's PE Ratio compare vs other companies in the TH Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
OR 37.2xIndustry Avg. 20.8xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OR is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the TH Specialty Retail industry average (20.8x).

Price to Earnings Ratio vs Fair Ratio

What is OR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.2x
Fair PE Ratio31.8x

Price-To-Earnings vs Fair Ratio: OR is expensive based on its Price-To-Earnings Ratio (37.2x) compared to the estimated Fair Price-To-Earnings Ratio (31.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿15.00
฿16.26
+8.4%
11.4%฿19.90฿12.60n/a14
Nov ’25฿15.40
฿17.15
+11.4%
16.0%฿24.00฿13.80n/a13
Oct ’25฿17.60
฿17.46
-0.8%
15.6%฿24.00฿13.80n/a14
Sep ’25฿15.50
฿18.13
+16.9%
17.6%฿25.00฿13.80n/a15
Aug ’25฿15.80
฿19.55
+23.7%
14.6%฿25.00฿13.80n/a15
Jul ’25฿16.00
฿20.44
+27.7%
10.1%฿25.00฿17.00n/a16
Jun ’25฿18.10
฿20.88
+15.4%
12.8%฿28.00฿17.00n/a17
May ’25฿18.70
฿20.94
+12.0%
13.0%฿28.00฿17.00n/a16
Apr ’25฿18.10
฿20.94
+15.7%
13.0%฿28.00฿17.00n/a16
Mar ’25฿18.10
฿21.21
+17.2%
13.7%฿28.00฿17.00n/a15
Feb ’25฿18.00
฿21.32
+18.4%
13.1%฿28.00฿17.50n/a15
Jan ’25฿19.10
฿21.39
+12.0%
13.1%฿28.00฿17.50n/a15
Dec ’24฿20.20
฿21.78
+7.8%
12.3%฿28.00฿17.50n/a15
Nov ’24฿18.20
฿22.83
+25.4%
15.2%฿29.00฿17.50฿15.4014
Oct ’24฿18.70
฿23.81
+27.3%
13.1%฿29.00฿17.50฿17.6014
Sep ’24฿20.20
฿23.80
+17.8%
12.3%฿29.00฿19.00฿15.5016
Aug ’24฿21.40
฿24.30
+13.6%
13.1%฿30.00฿19.00฿15.8016
Jul ’24฿21.20
฿24.43
+15.2%
13.3%฿30.00฿19.00฿16.0016
Jun ’24฿20.00
฿25.10
+25.5%
11.8%฿30.00฿19.00฿18.1016
May ’24฿22.20
฿25.87
+16.5%
14.8%฿34.00฿19.00฿18.7016
Apr ’24฿21.30
฿25.55
+20.0%
15.7%฿34.00฿19.00฿18.1016
Mar ’24฿21.60
฿25.85
+19.7%
16.6%฿34.00฿19.00฿18.1018
Feb ’24฿22.30
฿26.66
+19.6%
17.4%฿35.00฿20.00฿18.0018
Jan ’24฿23.80
฿27.02
+13.5%
16.7%฿35.00฿20.00฿19.1018
Dec ’23฿24.40
฿27.02
+10.7%
16.7%฿35.00฿20.00฿20.2018
Nov ’23฿24.40
฿27.78
+13.9%
16.5%฿35.00฿20.00฿18.2018

Analyst Forecast: Target price is less than 20% higher than the current share price.

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