Thai Oil (TOP) Stock Price, Fundamentals & Analysis

What TOP does

Thai Oil (TOP) is a stock listed on the Stock Exchange of Thailand in the Energy sector, specifically within the Oil & Gas Refining & Marketing industry. Headquartered in Bangkok, Thailand, Thai Oil Public Company Limited and its subsidiaries operate across refining, petrochemicals, lube base oil, and power generation in Thailand, Indonesia, and internationally. The company runs multiple business segments, including Oil Refinery, Lube Base Oil Refinery, and Power Generation, and offers products ranging from refined fuels like gasoline, diesel, and jet fuel to petrochemicals such as paraxylene, benzene, and polyethylene resins. It also operates natural gas-fired co-generation power plants that produce and distribute electricity, steam, and industrial water.

Key numbers explained

• The current price of 69,25 THB reflects the latest trading value, down -3,48% today.
• The trailing P/E ratio of 4,7 divides the current share price by the last 12 months of earnings, showing how much investors pay per baht of earnings; a lower figure often suggests a more conservative valuation relative to earnings.
• The forward P/E ratio of 8,7 uses expected future earnings, giving a sense of how the market prices in growth.
• The dividend yield of 4,04% indicates the annual dividend as a percentage of the current share price, representing the cash return shareholders receive for holding the stock.
• The ex-dividend date of 9 Sept. 2026 is the cutoff: buyers on or after this date do not receive the next dividend.
• The beta of 0,67 measures volatility relative to the market; a value below 1 suggests the stock has historically moved less than the broader market.
• The price-to-book ratio of 0,8 compares the share price to the company's book value per share, with values below 1 sometimes interpreted as the stock trading below its accounting net asset value.
• The debt-to-equity ratio of 49% shows that debt is 49% of shareholders' equity, a measure of financial leverage.

What to watch

Thai Oil operates in the cyclical Energy sector, where prices are influenced by global crude oil costs, refining margins, and geopolitical developments. As a member of the SET50 index, its movements can reflect broader sentiment in the Thai equity market. Investors often compare it with peers such as PTT Exploration and Production (PTTEP), PTT Oil and Retail Business (OR), and Bangchak Corporation (BCP) to understand relative positioning within the refining and marketing space. The upcoming earnings release on 6 Nov. 2026 will provide updated financial results, while the ex-dividend date of 9 Sept. 2026 is relevant for income-focused investors.