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Absolute Clean Energy PCL
SET:ACE

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Absolute Clean Energy PCL
SET:ACE
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Price: 1.28 THB Market Closed
Market Cap: ฿12.9B

P/E

15.6
Current
1%
Cheaper
vs 3-y average of 15.8

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.6
=
Market Cap
฿12.6B
/
Net Income
฿798.6m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.6
=
Market Cap
฿12.6B
/
Net Income
฿798.6m

Valuation Scenarios

Absolute Clean Energy PCL is trading below its 3-year average

If P/E returns to its 3-Year Average (15.8), the stock would be worth ฿1.29 (1% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-25%
Maximum Upside
+11%
Average Downside
5%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 15.6 ฿1.28
0%
3-Year Average 15.8 ฿1.29
+1%
5-Year Average 17.4 ฿1.43
+11%
Industry Average 14.2 ฿1.16
-9%
Country Average 11.7 ฿0.96
-25%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
฿12.6B
/
Jan 2026
฿798.6m
=
15.6
Current
฿12.6B
/
Dec 2026
฿1.8B
=
6.9
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

Market Distribution

Higher than 71% of companies in Thailand
Percentile
71st
Based on 429 companies
71st percentile
15.6
Low
0.2 — 9.1
Typical Range
9.1 — 15.3
High
15.3 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 9.1
Median 11.7
70th Percentile 15.3
Max 278.7

Absolute Clean Energy PCL
Glance View

Market Cap
12.9B THB
Industry
Utilities

Absolute Clean Energy PCL is a holding company, which engages in production and distribution of electricity and steam. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2019-11-13. The Company’s principal business operation is investing in Asia Clean Energy Company Limited. The company operates through four business segments: biomass power plants, solid waste power plant, natural gas power plant and solar energy power plant. Its Biomass Power Plant projects include Muang Korat Power Plant, Bo Ploy Power Plant, Sirindhorn Power Plant, Si Chiang Mai Power Plant, Thoen Power Plant, Phon Thong Power Plant, Chok Chai Power Plant, Ta Nee Power Plant, Nam Phong Power Plant, Khlong Khlung Power Plant and other. MSW Power Plant projects include MSW Khon Kaen Power Plant and MSW Krabi Power Plant. Natural Gas Power Plant project includes Koh Khanun Clean Energy. Solar Power Plant projects include Solar Rooftop 1 Project, Solar Rooftop 2 Project, Solar Rooftop 1 Project (Extension), Floating Solar Project and other

ACE Intrinsic Value
2.13 THB
Undervaluation 40%
Intrinsic Value
Price ฿1.28
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