The Price-to-Earnings ratio of the Stock Exchange of Thailand (SET)
- DAISAKU KADOMAE
- Jul 21, 2025
- 1 min read
This chart tracks the Price-to-Earnings (P/E) ratio of the Stock Exchange of Thailand (SET) from June 2005 to June 2024.
Key Points:
20-year average P/E stands at 17.2x (red line), while the most recent figure in June 2024 is 15.7x, below average.
A sharp spike occurred in 2021 (over 40x), likely due to earnings compression during the pandemic.
Since 2022, the P/E ratio has trended downward, reflecting either earnings growth stagnation or weak investor sentiment.
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