The Price-to-Earnings ratio of Thailand’s MAI (Market for Alternative Investment)

This chart illustrates the Price-to-Earnings (P/E) ratio of Thailand’s MAI (Market for Alternative Investment) from June 2005 to June 2024.

Key Points:

• The 20-year average P/E is 43.1x, while June 2024 stands at 61.6x, indicating significant premium valuation.

• Since 2015, the MAI P/E has shown increased volatility, with multiple spikes exceeding 80–100x.

• The high multiples in recent years suggest continued investor appetite for high-growth small-cap stocks.