Lacklustre Performance Is Driving Olam Group Limited's (SGX:VC2) Low P/E
Feb 11
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Singaporean (SGX) Food and Staples Retail Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies6
- 7D1.0%
- 3M10.8%
- 1Y40.8%
- YTD4.0%
The Food and Staples Retail is pretty flat in the last 7 days, but Olam Group has stood out, gaining 4.7%. The past year has been better, since the industry has gained 41% in that time. As for the next few years, earnings are expected to grow by 54% per annum.
Industry Valuation and Performance
Has the Singaporean Food and Staples Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | S$13.4b | S$71.9b | S$91.6m | 11.7x | 146.6x | 0.2x |
| Fri, 23 Jan 2026 | S$13.1b | S$71.9b | S$91.6m | 10.7x | 142.9x | 0.2x |
| Sun, 21 Dec 2025 | S$13.0b | S$71.9b | S$91.6m | 11.1x | 142.4x | 0.2x |
| Tue, 18 Nov 2025 | S$12.6b | S$71.9b | S$91.6m | 11x | 137.1x | 0.2x |
| Thu, 16 Oct 2025 | S$11.6b | S$71.8b | S$86.8m | 11.3x | 133.1x | 0.2x |
| Sat, 13 Sep 2025 | S$11.5b | S$71.8b | S$86.8m | 12x | 132.9x | 0.2x |
| Mon, 11 Aug 2025 | S$12.0b | S$66.8b | -S$182,621,749.00 | 22.6x | -65.5x | 0.2x |
| Wed, 09 Jul 2025 | S$10.8b | S$66.8b | -S$50,673,749.00 | 21.6x | -213.1x | 0.2x |
| Fri, 06 Jun 2025 | S$9.9b | S$66.8b | -S$50,673,749.00 | 20x | -195.9x | 0.1x |
| Sun, 04 May 2025 | S$9.9b | S$66.8b | -S$48,812,749.00 | 26.7x | -202.5x | 0.1x |
| Tue, 01 Apr 2025 | S$9.6b | S$67.0b | -S$35,791,914.03 | 17.9x | -267.6x | 0.1x |
| Thu, 27 Feb 2025 | S$9.7b | S$61.4b | S$523.4m | 17x | 18.6x | 0.2x |
| Sat, 25 Jan 2025 | S$10.0b | S$61.4b | S$523.7m | 17.3x | 19.1x | 0.2x |
| Mon, 23 Dec 2024 | S$10.2b | S$61.4b | S$523.3m | 17.8x | 19.5x | 0.2x |
| Wed, 20 Nov 2024 | S$10.4b | S$61.4b | S$506.9m | 18.2x | 20.6x | 0.2x |
| Fri, 18 Oct 2024 | S$9.7b | S$61.4b | S$502.2m | 17.3x | 19.2x | 0.2x |
| Sun, 15 Sep 2024 | S$9.2b | S$61.4b | S$502.4m | 17.6x | 18.3x | 0.1x |
| Tue, 13 Aug 2024 | S$9.3b | S$59.1b | S$502.4m | 17.4x | 18.5x | 0.2x |
| Thu, 11 Jul 2024 | S$9.3b | S$59.3b | S$413.8m | 18.2x | 22.6x | 0.2x |
| Sat, 08 Jun 2024 | S$9.5b | S$59.3b | S$413.8m | 18.3x | 23.1x | 0.2x |
| Mon, 06 May 2024 | S$9.5b | S$59.3b | S$411.4m | 17.4x | 23.1x | 0.2x |
| Wed, 03 Apr 2024 | S$9.8b | S$59.3b | S$400.1m | 17.3x | 24.4x | 0.2x |
| Fri, 01 Mar 2024 | S$9.1b | S$59.3b | S$352.6m | 15.5x | 25.8x | 0.2x |
| Sun, 28 Jan 2024 | S$8.8b | S$62.1b | S$276.9m | 16.9x | 31.7x | 0.1x |
| Tue, 26 Dec 2023 | S$9.2b | S$62.1b | S$276.8m | 17.9x | 33.3x | 0.1x |
| Thu, 23 Nov 2023 | S$9.6b | S$62.1b | S$282.8m | 17.9x | 34x | 0.2x |
| Sat, 21 Oct 2023 | S$9.2b | S$62.1b | S$281.3m | 16.9x | 32.7x | 0.1x |
| Mon, 18 Sep 2023 | S$10.1b | S$62.1b | S$282.6m | 18.9x | 35.8x | 0.2x |
| Wed, 16 Aug 2023 | S$10.9b | S$62.1b | S$282.5m | 21x | 38.4x | 0.2x |
| Fri, 14 Jul 2023 | S$11.9b | S$65.9b | S$602.7m | 16.1x | 19.7x | 0.2x |
| Sun, 11 Jun 2023 | S$11.9b | S$65.9b | S$602.7m | 16.2x | 19.7x | 0.2x |
| Tue, 09 May 2023 | S$12.6b | S$65.8b | S$604.3m | 16.6x | 20.8x | 0.2x |
| Thu, 06 Apr 2023 | S$12.8b | S$65.9b | S$606.1m | 16.8x | 21.1x | 0.2x |
| Sat, 04 Mar 2023 | S$13.1b | S$65.8b | S$605.4m | 16.5x | 21.7x | 0.2x |
Price to Earnings Ratio
21.7x
Current Industry PE
- Investors are optimistic on the Singaporean Consumer Retailing industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 147x which is higher than its 3-year average PE of 12.5x.
- The industry is trading close to its 3-year average PS ratio of 0.16x.
Past Earnings Growth
- The earnings for companies in the Consumer Retailing industry have declined 47% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Consumer Staples industry?
| SG Market | 1.78% | |
| Consumer Staples | 1.07% | |
| Food and Staples Retail | 0.95% | |
| Food Distributors | 4.66% | |
| Food Retail | -0.27% | |
Industry PE
- Investors are most optimistic about the Food Distributors industry even though it's trading below its 3-year average PE ratio of 23.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings growth rate of 1.4% per year.
- In contrast, the Food Retail industry is expected to see its earnings grow by 54% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| D01 DFI Retail Group Holdings | US$4.30 | 3.9% +US$216.6m | 94.6% | PS0.7x | |
| VC2 Olam Group | S$0.98 | 2.6% +S$94.3m | -10.1% | PE11.4x | |
| 5EV Hosen Group | S$0.069 | 3.0% +S$649.8k | 60.5% | PE8.8x |