Investors are pessimistic on the Singaporean Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The industry is trading at a PE ratio of 3.2x which is lower than its 3-year average PE of 4.6x.
The industry is trading close to its 3-year average PS ratio of 0.12x.
Past Earnings Growth
Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.5% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Singaporean Energy sector?
Oil and Gas
Investors are most optimistic about the Oil and Gas industry even though it's trading below its 3-year average PE ratio of 10.1x.
It looks like they are confident that earnings will grow faster in the future than they have historically.
Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 13.6x.
Despite it being negative, analysts are least pessimistic on the Energy Services industry since they expect its earnings to decline by only 52% per year over the next 5 years, which isn't as bad as the other industries.
This is a reversal from its past annual earnings growth rate of 27% per year.
In contrast, the Energy Services industry is expected to see its earnings decline by 52% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?