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Singaporean (SGX) Financials Sector Analysis

UpdatedSep 30, 2025
DataAggregated Company Financials
Companies25
  • 7D-0.5%
  • 3M5.7%
  • 1Y22.0%
  • YTD8.0%

The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 3.5% per annum.

Sector Valuation and Performance

Has the Singaporean Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Oct 2025S$314.1bS$60.9bS$26.9b12.5x11.7x5.2x
Fri, 29 Aug 2025S$314.0bS$60.7bS$26.8b11x11.7x5.2x
Sun, 27 Jul 2025S$307.6bS$52.8bS$26.0b11.9x11.8x5.8x
Tue, 24 Jun 2025S$279.0bS$52.8bS$26.0b10.9x10.7x5.3x
Thu, 22 May 2025S$282.2bS$52.8bS$26.1b10.8x10.8x5.3x
Sat, 19 Apr 2025S$270.6bS$52.6bS$26.2b10.3x10.3x5.1x
Mon, 17 Mar 2025S$285.1bS$52.6bS$26.3b10.9x10.8x5.4x
Wed, 12 Feb 2025S$292.1bS$52.3bS$25.8b11.1x11.3x5.6x
Fri, 10 Jan 2025S$291.4bS$51.8bS$25.4b10.8x11.5x5.6x
Sun, 08 Dec 2024S$281.9bS$51.8bS$25.4b10.6x11.1x5.4x
Tue, 05 Nov 2024S$253.6bS$50.4bS$24.7b10.1x10.3x5x
Thu, 03 Oct 2024S$261.6bS$57.7bS$25.6b10.2x10.2x4.5x
Sat, 31 Aug 2024S$252.9bS$57.7bS$25.6b9.8x9.9x4.4x
Mon, 29 Jul 2024S$254.0bS$56.5bS$25.0b9.9x10.1x4.5x
Wed, 26 Jun 2024S$248.0bS$56.4bS$25.0b9.8x9.9x4.4x
Fri, 24 May 2024S$248.3bS$56.4bS$25.0b9.8x9.9x4.4x
Sun, 21 Apr 2024S$231.9bS$55.5bS$24.7b9.5x9.4x4.2x
Tue, 19 Mar 2024S$225.3bS$55.5bS$24.6b9x9.1x4.1x
Thu, 15 Feb 2024S$216.1bS$61.7bS$24.6b9.3x8.8x3.5x
Sat, 13 Jan 2024S$217.0bS$61.5bS$24.8b8.7x8.8x3.5x
Mon, 11 Dec 2023S$215.0bS$61.7bS$25.0b9.9x8.6x3.5x
Wed, 08 Nov 2023S$223.5bS$61.3bS$24.7b10x9.1x3.6x
Fri, 06 Oct 2023S$222.1bS$60.5bS$24.2b10.4x9.2x3.7x
Sun, 03 Sep 2023S$220.5bS$60.5bS$24.2b12.6x9.1x3.6x
Tue, 01 Aug 2023S$229.4bS$57.8bS$22.6b12.1x10.1x4x
Thu, 29 Jun 2023S$212.3bS$57.2bS$22.3b11.8x9.5x3.7x
Sat, 27 May 2023S$212.9bS$57.2bS$22.3b11.2x9.5x3.7x
Mon, 24 Apr 2023S$222.2bS$54.2bS$20.4b12.4x10.9x4.1x
Wed, 22 Mar 2023S$217.3bS$54.2bS$20.5b11.9x10.6x4x
Fri, 17 Feb 2023S$230.0bS$55.0bS$20.3b11.8x11.3x4.2x
Sun, 15 Jan 2023S$228.2bS$53.1bS$18.7b11.7x12.2x4.3x
Tue, 13 Dec 2022S$224.7bS$53.1bS$18.7b11.9x12x4.2x
Thu, 10 Nov 2022S$222.4bS$53.9bS$19.2b11.8x11.6x4.1x
Sat, 08 Oct 2022S$215.3bS$51.7bS$17.9b11.8x12x4.2x
Price to Earnings Ratio

12x


Total Market Cap: S$215.3bTotal Earnings: S$17.9bTotal Revenue: S$51.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 10.4x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.7x which is higher than its 3-year average PE of 10.4x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 5.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Singaporean Financials sector?

SG Market-0.92%
Financials-0.46%
Banks-0.15%
Consumer Finance-0.47%
Insurance-1.91%
Diversified Financial-2.19%
Capital Markets-3.04%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 21.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 5.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
D05 DBS Group HoldingsS$51.151.1%
+S$1.6b		35.0%PB2.1x
T6I ValueMax GroupS$0.921.7%
+S$14.1m		100.0%PE9x
P15 Pacific Century Regional DevelopmentsS$0.451.1%
+S$13.2m		36.4%PS180.9x
U13 United Overseas InsuranceS$7.651.3%
+S$6.1m		7.9%PE19.3x
S35 Sing Investments & FinanceS$1.621.3%
+S$4.7m		55.8%PE9.1x

Latest News

S68
S$16.53
Singapore Exchange
7D
-1.2%
1Y
46.2%

Singapore Exchange's (SGX:S68) Upcoming Dividend Will Be Larger Than Last Year's

Sep 30
Singapore Exchange's (SGX:S68) Upcoming Dividend Will Be Larger Than Last Year's
O39
S$16.44
Oversea-Chinese Banking
7D
0%
1Y
9.9%
U10
S$2.39
UOB-Kay Hian Holdings
7D
-4.8%
1Y
55.2%
T6I
S$0.92
ValueMax Group
7D
1.7%
1Y
100.0%
D05
S$51.15
DBS Group Holdings
7D
1.1%
1Y
35.0%
YF8
S$1.20
Yangzijiang Financial Holding
7D
-0.8%
1Y
203.8%
S35
S$1.62
Sing Investments & Finance
7D
1.3%
1Y
55.8%

Sing Investments & Finance Limited's (SGX:S35) Price Is Right But Growth Is Lacking After Shares Rocket 29%

Sep 08
Sing Investments & Finance Limited's (SGX:S35) Price Is Right But Growth Is Lacking After Shares Rocket 29%
E9L
S$0.003
Joyas International Holdings
7D
50.0%
1Y
n/a
P15
S$0.45
Pacific Century Regional Developments
7D
1.1%
1Y
36.4%
AIY
S$8.87
iFAST
7D
-1.9%
1Y
20.4%
S23
S$0.79
Singapura Finance
7D
3.3%
1Y
13.8%
U11
S$34.58
United Overseas Bank
7D
-0.1%
1Y
7.8%

United Overseas Bank (SGX:U11) Has Announced A Dividend Of SGD1.10

Aug 10
United Overseas Bank (SGX:U11) Has Announced A Dividend Of SGD1.10
KUX
S$0.041
OIO Holdings
7D
-34.9%
1Y
-25.5%
U13
S$7.65
United Overseas Insurance
7D
1.3%
1Y
7.9%
CHJ
S$0.80
Uni-Asia Group
7D
2.6%
1Y
0%
G07
S$15.19
Great Eastern Holdings
7D
-0.5%
1Y
n/a