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Singaporean (SGX) Financials Sector Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies23
  • 7D0.7%
  • 3M7.8%
  • 1Y32.5%
  • YTD11.9%

Last week, the Financials industry hasn't moved much but iFAST is up 6.2% in that time. The past year has been better, since the industry has gained 33% in that time. Looking forward, earnings are forecast to grow by 6.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026S$392.6bS$60.5bS$25.2b15.5x15.6x6.5x
Sat, 25 Apr 2026S$367.9bS$60.3bS$25.1b15.7x14.6x6.1x
Mon, 23 Mar 2026S$366.5bS$60.3bS$25.2b15x14.5x6.1x
Wed, 18 Feb 2026S$357.8bS$59.3bS$25.4b14.7x14.1x6x
Fri, 16 Jan 2026S$357.2bS$59.4bS$25.6b13.5x14x6x
Sun, 14 Dec 2025S$337.1bS$59.4bS$25.6b13.1x13.2x5.7x
Tue, 11 Nov 2025S$328.8bS$59.5bS$25.6b11.9x12.8x5.5x
Thu, 09 Oct 2025S$329.6bS$60.8bS$26.8b12.4x12.3x5.4x
Sat, 06 Sep 2025S$317.2bS$60.7bS$26.8b12.4x11.8x5.2x
Mon, 04 Aug 2025S$300.2bS$52.7bS$25.9b11.6x11.6x5.7x
Wed, 02 Jul 2025S$287.2bS$52.8bS$26.0b11.1x11x5.4x
Fri, 30 May 2025S$286.5bS$52.8bS$26.1b10.8x11x5.4x
Sun, 27 Apr 2025S$277.1bS$52.6bS$26.2b10.7x10.6x5.3x
Tue, 25 Mar 2025S$293.6bS$52.6bS$26.2b11x11.2x5.6x
Thu, 20 Feb 2025S$297.9bS$52.4bS$25.8b11.4x11.5x5.7x
Sat, 18 Jan 2025S$285.1bS$51.8bS$25.4b10.7x11.2x5.5x
Mon, 16 Dec 2024S$284.1bS$51.8bS$25.4b10.7x11.2x5.5x
Wed, 13 Nov 2024S$273.4bS$51.7bS$25.4b10.6x10.8x5.3x
Fri, 11 Oct 2024S$252.3bS$50.3bS$24.7b10.1x10.2x5x
Sun, 08 Sep 2024S$254.3bS$57.7bS$25.6b9.9x9.9x4.4x
Tue, 06 Aug 2024S$238.4bS$57.2bS$25.4b9.1x9.4x4.2x
Thu, 04 Jul 2024S$259.7bS$56.4bS$25.0b10.4x10.4x4.6x
Sat, 01 Jun 2024S$249.5bS$56.4bS$25.0b9.9x10x4.4x
Mon, 29 Apr 2024S$239.8bS$55.6bS$24.7b9.8x9.7x4.3x
Wed, 27 Mar 2024S$230.2bS$55.5bS$24.6b9.3x9.3x4.1x
Fri, 23 Feb 2024S$223.1bS$61.9bS$24.9b8.8x9x3.6x
Sun, 21 Jan 2024S$214.6bS$61.5bS$24.8b8.7x8.7x3.5x
Tue, 19 Dec 2023S$214.0bS$61.7bS$25.0b9.3x8.6x3.5x
Thu, 16 Nov 2023S$217.7bS$61.7bS$25.0b10x8.7x3.5x
Sat, 14 Oct 2023S$223.4bS$60.5bS$24.2b10.4x9.2x3.7x
Mon, 11 Sep 2023S$219.5bS$60.5bS$24.2b10.6x9.1x3.6x
Wed, 09 Aug 2023S$227.1bS$62.9bS$25.7b13.1x8.8x3.6x
Fri, 07 Jul 2023S$209.1bS$57.2bS$22.3b12.4x9.4x3.7x
Sun, 04 Jun 2023S$209.7bS$57.2bS$22.3b11.2x9.4x3.7x
Price to Earnings Ratio

9.4x


Total Market Cap: S$209.7bTotal Earnings: S$22.3bTotal Revenue: S$57.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 10.9x202420252026
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 15.6x which is higher than its 3-year average PE of 10.9x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 4.2% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SG Market-0.71%
Financials0.71%
Diversified Financial0.83%
Banks0.81%
Insurance0.49%
Capital Markets-0.033%
Consumer Finance-0.85%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 19.0x.
    • Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings growth of 6.8% per year.
  • Investors are most pessimistic about the Consumer Finance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 5.9% 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$61.930.3%
+S$511.4m		37.7%PB2.6x
AIY iFASTS$9.053.9%
+S$103.5m		38.8%PE25.3x
P15 Pacific Century Regional DevelopmentsS$0.471.1%
+S$13.2m		25.3%PS413.8x
42T Trendlines GroupS$0.063.4%
+S$2.9m		100.0%PE35.6x
E9L Joyas International HoldingsS$0.00350.0%
+S$2.2m		200.0%PS11.6x

Latest News

T6I
S$0.95
ValueMax Group
7D
-2.1%
1Y
78.5%
D05
S$61.93
DBS Group Holdings
7D
0.3%
1Y
37.7%
Narrative Update • May 25

D05: Steady Guidance And Dividends Will Frame Outlook And Expansion Prospects

Analysts have modestly raised their price target for DBS Group Holdings to SGD 60.04 from SGD 57.93, citing updated assumptions around revenue growth, profit margins and forward P/E multiples. What's in the News DBS issued earnings guidance for 2026, indicating that total income is expected to be around 2025 levels, which helps you frame revenue expectations for the next year (Corporate guidance).
AIY
S$9.05
iFAST
7D
3.9%
1Y
38.8%
BLS
S$1.58
Hotung Investment Holdings
7D
-7.1%
1Y
20.6%
S23
S$0.81
Singapura Finance
7D
0.6%
1Y
21.8%
O39
S$23.16
Oversea-Chinese Banking
7D
-0.7%
1Y
41.3%
Analysis Article • May 12

Oversea-Chinese Banking Corporation Limited (SGX:O39) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Oversea-Chinese Banking Corporation Limited ( SGX:O39 ) just released its first-quarter report and things are looking...
U10
S$3.79
UOB-Kay Hian Holdings
7D
-4.8%
1Y
112.9%
S68
S$21.45
Singapore Exchange
7D
-4.2%
1Y
50.0%
Narrative Update • May 05

S68: New Bond Futures And Buybacks Will Support Balanced Returns Ahead

Analysts have raised the SGD fair value estimate for Singapore Exchange to about SGD20.30 from around SGD19.96, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E, which together support a slightly higher price target. What's in the News SGX Derivatives plans to launch Asia Pacific Government Bond Futures on 20 April, giving investors a way to manage sovereign interest rate risk across India, Indonesia, Malaysia, Thailand and the Philippines through exchange listed contracts settled in US$, with 3-year, 5-year and 10-year maturities based on FTSE Russell’s Asia Pacific Liquid Government Bond Index Series (Key Developments).
S35
S$1.55
Sing Investments & Finance
7D
-1.9%
1Y
38.4%
P15
S$0.47
Pacific Century Regional Developments
7D
1.1%
1Y
25.3%
CHJ
S$0.95
Uni-Asia Group
7D
1.1%
1Y
21.0%
E9L
S$0.003
Joyas International Holdings
7D
50.0%
1Y
200.0%
YF8
S$0.24
Yangzijiang Financial Holding
7D
-2.0%
1Y
-66.4%
G07
S$15.71
Great Eastern Holdings
7D
-0.3%
1Y
n/a
42T
S$0.06
Trendlines Group
7D
3.4%
1Y
100.0%
5QY
S$0.016
Net Pacific Holdings
7D
23.1%
1Y
n/a