Amid recent volatility in the Thai stock market, many investors have begun to ask which types of stocks can best support portfolios and reduce risk while the economy has not fully recovered and external risks remain unpredictable.
One increasingly discussed answer is seeking stocks that act as a “safe haven”—not flashy, but able to endure over the long term. Thairath Money takes a closer look at nine strong stocks that fit the "good value" profile with P/E ratios below 10 and, importantly, dividend yields above 5% continuously for three full years.
In an uncertain economic environment, investing in low P/E and high dividend stocks is an attractive strategy. Companies sought after in this period tend to have steady cash flow and tangible profits, rather than relying solely on future prospects.
Crucially, these companies consistently return part of their profits to shareholders. Such stocks may not offer dramatic price gains but provide investors with income along the way and significantly cushion portfolio shocks during market volatility.
Before examining the list of these stocks, it is important for investors to understand the meaning of the two key screening metrics used: the P/E Ratio and Dividend Yield, and their roles in investment decisions.
The P/E Ratio, or price-to-earnings ratio, measures a stock's valuation by indicating how many times investors are willing to pay for each unit of earnings or the payback period in years. Generally, a lower number suggests a cheaper stock and quicker capital recovery.
If a stock's P/E is below 10, it theoretically means that if the company maintains its earnings level, investors would recover their investment in less than 10 years. This often indicates the market has not overvalued the stock compared to the Thai stock market's average P/E of 16.44.
Meanwhile, Dividend Yield measures the annual cash return percentage relative to the stock price paid by investors.
A stock offering a Dividend Yield above 5% over several years may signal disciplined financial management, strong cash flow, and the ability to generate profit across diverse economic conditions.
Moreover, this reflects business resilience and management's shareholder focus. For long-term investors, such stocks are sources of passive income that can outperform inflation and bank deposit interest rates.
Based on closing prices as of 5 Feb 2026 from the Stock Exchange of Thailand, nine Thai stocks meet the criteria of P/E below 10 and dividend yields exceeding 5% continuously for three years:
AP Stock: AP (Thailand) Public Company Limited, priced at 8.95 baht per share, P/E of 6.52, with a 3-year Dividend Yield ranging from 5.75% to 8.64%.
LH Stock: Land and Houses Public Company Limited, priced at 4.00 baht per share, P/E of 8.55, with a 3-year Dividend Yield between 7.36% and 9.90%.
PTTEP Stock: PTT Exploration and Production Public Company Limited, priced at 125.00 baht per share, P/E of 8.13, with a 3-year Dividend Yield ranging from 6.19% to 8.52%.
QH Stock: Quality Houses Public Company Limited, priced at 1.31 baht per share, P/E of 8.33, with a 3-year Dividend Yield between 6.25% and 8.72%.
SCB Stock: SCB X Public Company Limited, priced at 137.00 baht per share, P/E of 9.40, with a 3-year Dividend Yield from 6.31% to 8.80%.
SIRI Stock: Sansiri Public Company Limited, priced at 1.39 baht per share, P/E of 5.68, with a 3-year Dividend Yield ranging from 7.87% to 11.12%.
SPALI Stock: Supalai Public Company Limited, priced at 18.00 baht per share, P/E of 7.28, with a 3-year Dividend Yield between 7.79% and 8.83%.
TCAP Stock: Thanachart Capital Public Company Limited, priced at 56.75 baht per share, P/E of 8.27, with a 3-year Dividend Yield from 5.67% to 6.34%.
TOP Stock: Thai Oil Public Company Limited, priced at 45.50 baht per share, P/E of 6.82, with a 3-year Dividend Yield ranging from 5.28% to 12.04%.
However, P/E and Dividend Yield are historical and current data; investors should also consider other fundamentals such as future profit growth prospects and specific business risks before making investment decisions.
Read more stock and investment news with Thairath Money at
Follow the Facebook page: Thairath Money at this link