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Singaporean (SGX) Financials Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies22
  • 7D0.7%
  • 3M5.3%
  • 1Y42.8%
  • YTD6.8%

Over the last 7 days, the Financials industry has remained flat, although notably Singapore Exchange gained 5.5%. As for the the longer term, the industry is up 43% over the past 12 months. As for the next few years, earnings are expected to grow by 5.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026S$374.5bS$60.3bS$25.1b15.6x14.9x6.2x
Wed, 11 Mar 2026S$356.7bS$60.3bS$25.3b14.5x14.1x5.9x
Fri, 06 Feb 2026S$368.6bS$59.4bS$25.6b14.6x14.4x6.2x
Sun, 04 Jan 2026S$344.7bS$59.4bS$25.6b13.2x13.5x5.8x
Tue, 02 Dec 2025S$330.7bS$59.5bS$25.6b12x12.9x5.6x
Thu, 30 Oct 2025S$325.3bS$60.8bS$26.9b11.3x12.1x5.4x
Sat, 27 Sep 2025S$313.3bS$60.9bS$26.9b12.5x11.6x5.1x
Mon, 25 Aug 2025S$316.4bS$60.7bS$26.8b10.9x11.8x5.2x
Wed, 23 Jul 2025S$301.8bS$52.8bS$26.0b11.4x11.6x5.7x
Fri, 20 Jun 2025S$279.4bS$52.8bS$26.0b10.9x10.7x5.3x
Sun, 18 May 2025S$284.2bS$52.8bS$26.1b10.7x10.9x5.4x
Tue, 15 Apr 2025S$257.2bS$52.6bS$26.2b9.8x9.8x4.9x
Thu, 13 Mar 2025S$286.8bS$52.6bS$26.3b10.9x10.9x5.5x
Sat, 08 Feb 2025S$291.4bS$51.9bS$25.5b11.2x11.4x5.6x
Mon, 06 Jan 2025S$281.6bS$51.8bS$25.4b10.5x11.1x5.4x
Wed, 04 Dec 2024S$280.3bS$51.8bS$25.4b10.6x11x5.4x
Fri, 01 Nov 2024S$252.8bS$50.4bS$24.7b10x10.2x5x
Sun, 29 Sep 2024S$261.5bS$57.7bS$25.6b10.2x10.2x4.5x
Tue, 27 Aug 2024S$250.2bS$57.7bS$25.6b9.7x9.8x4.3x
Thu, 25 Jul 2024S$258.0bS$56.4bS$25.0b10.1x10.3x4.6x
Sat, 22 Jun 2024S$245.7bS$56.4bS$25.0b9.7x9.8x4.4x
Mon, 20 May 2024S$247.0bS$56.4bS$25.0b9.8x9.9x4.4x
Wed, 17 Apr 2024S$229.5bS$55.5bS$24.7b9.5x9.3x4.1x
Fri, 15 Mar 2024S$224.5bS$55.5bS$24.6b9x9.1x4x
Sun, 11 Feb 2024S$215.5bS$61.7bS$24.6b9.3x8.8x3.5x
Tue, 09 Jan 2024S$220.6bS$61.7bS$25.0b9.4x8.8x3.6x
Thu, 07 Dec 2023S$214.1bS$61.7bS$25.0b9.9x8.6x3.5x
Sat, 04 Nov 2023S$221.0bS$60.7bS$24.2b10x9.1x3.6x
Mon, 02 Oct 2023S$222.6bS$60.5bS$24.2b10.6x9.2x3.7x
Wed, 30 Aug 2023S$220.6bS$60.5bS$24.2b12.5x9.1x3.6x
Fri, 28 Jul 2023S$225.1bS$57.8bS$22.6b12.3x9.9x3.9x
Sun, 25 Jun 2023S$213.3bS$57.2bS$22.3b11.6x9.6x3.7x
Tue, 23 May 2023S$210.5bS$57.2bS$22.3b11.4x9.4x3.7x
Thu, 20 Apr 2023S$224.1bS$54.2bS$20.4b12.4x11x4.1x
Price to Earnings Ratio

11x


Total Market Cap: S$224.1bTotal Earnings: S$20.4bTotal Revenue: S$54.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 10.7x202420252026
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 14.9x which is higher than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.1% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market1.46%
Financials0.70%
Capital Markets6.39%
Consumer Finance3.12%
Insurance0.49%
Banks0.19%
Diversified Financial-3.37%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • 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 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 16% 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 5.3% 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
S68 Singapore ExchangeS$21.095.5%
+S$1.2b		66.2%PE34.7x
U11 United Overseas BankS$37.391.3%
+S$787.0m		15.2%PB1.3x
U10 UOB-Kay Hian HoldingsS$3.9013.4%
+S$448.1m		129.4%PE15.9x
O39 Oversea-Chinese BankingS$22.470.4%
+S$354.7m		49.7%PB1.6x
AIY iFASTS$9.396.0%
+S$161.5m		51.0%PE28.6x

Latest News

I49
S$0.21
IFS Capital
7D
-4.4%
1Y
72.0%
8A1
S$0.096
Heptamax International
7D
-3.0%
1Y
2.1%
P15
S$0.53
Pacific Century Regional Developments
7D
5.0%
1Y
32.5%
U10
S$3.90
UOB-Kay Hian Holdings
7D
13.4%
1Y
129.4%
AIY
S$9.39
iFAST
7D
6.0%
1Y
51.0%

AIY: Stable Fair Value And Upcoming Dividend Will Support Bullish Outlook

Narrative Update on iFAST Analyst Price Target The analyst fair value estimate for iFAST remains at SGD12.21, reflecting small changes in assumptions around discount rate, revenue growth, profit margin and future P/E that analysts consider in their updated models. What's in the News A proposed tax exempt one tier final dividend of SGD0.025 per ordinary share will be tabled for approval at the Annual General Meeting scheduled for 24 April 2026 (Key Developments) The Share Transfer Books and Register of Members are expected to close on 12 May 2026, with registrable transfers accepted up to the close of business on 11 May 2026 for entitlement to the proposed dividend (Key Developments) If approved at the AGM, the proposed final dividend is scheduled to be paid on 22 May 2026 (Key Developments) Valuation Changes Fair Value: SGD12.21 is essentially unchanged, with the updated model indicating only a very small adjustment from the prior estimate.
S68
S$21.09
Singapore Exchange
7D
5.5%
1Y
66.2%

S68: New Bond Futures And Buybacks Will Support Stable Future Earnings

Analysts now set their SGD price target for Singapore Exchange at SGD 22.00, up slightly from SGD 21.80. This reflects small model adjustments to fair value, discount rate assumptions, revenue growth and profit margin forecasts, along with a modestly higher future P/E multiple.
T6I
S$1.13
ValueMax Group
7D
6.6%
1Y
123.8%
D05
S$57.35
DBS Group Holdings
7D
-0.3%
1Y
50.4%
O39
S$22.47
Oversea-Chinese Banking
7D
0.4%
1Y
49.7%
G07
S$15.92
Great Eastern Holdings
7D
0.5%
1Y
n/a
U11
S$37.39
United Overseas Bank
7D
1.3%
1Y
15.2%
5HH
S$0.041
Prospera Global
7D
-18.0%
1Y
272.7%