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Singaporean (SGX) Financials Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies25
  • 7D-0.03%
  • 3M11.4%
  • 1Y25.4%
  • YTD6.9%

The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 25% over the past 12 months. Earnings are forecast to grow by 4.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 18 Mar 2023S$216.6bS$54.2bS$20.5b11.9x10.6x4x
Mon, 13 Feb 2023S$234.0bS$53.9bS$19.3b12.1x12.2x4.3x
Price to Earnings Ratio

12.2x


Total Market Cap: S$234.0bTotal Earnings: S$19.3bTotal Revenue: S$53.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 10.5x202420252026
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 14.4x which is higher than its 3-year average PE of 10.5x.
  • The 3-year average PS ratio of 4.6x 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 10.0% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market0.81%
Financials-0.028%
Diversified Financial11.83%
Insurance0.15%
Banks0.024%
Capital Markets-1.15%
Consumer Finance-1.49%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 17.7x.
    • Analysts expect its future annual earnings growth (7.9%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 7.9% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Banks industry is expected to see its earnings grow by 4.5% 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
U11 United Overseas BankS$38.500.6%
+S$379.9m		3.0%PB1.3x
D05 DBS Group HoldingsS$59.300.2%
+S$283.8m		32.7%PB2.5x
P15 Pacific Century Regional DevelopmentsS$0.538.2%
+S$105.9m		52.2%PS211x
G07 Great Eastern HoldingsS$15.670.3%
+S$25.2m		n/aPE7.9x
5SY OneApexS$0.45104.5%
+S$19.4m		80.0%PS761.3x

Latest News

AIY
S$9.64
iFAST
7D
-8.5%
1Y
28.7%
S68
S$17.57
Singapore Exchange
7D
-0.3%
1Y
25.6%
U11
S$38.50
United Overseas Bank
7D
0.6%
1Y
3.0%

U11: Future Returns Will Balance Asset Quality Risks And Limited Upside Potential

Analysts have adjusted their fair value estimate for United Overseas Bank to S$37.28 from S$35.84, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E, while also acknowledging that recent concerns over asset quality could limit upside. Analyst Commentary Recent research views on United Overseas Bank are mixed, with the revised fair value estimate and a S$38 price target indicating that analysts see the shares as close to fully valued, especially when set against recent concerns over asset quality.
D05
S$59.30
DBS Group Holdings
7D
0.2%
1Y
32.7%

D05: Malaysia Bank Stake Talks And Fintech Partnership Will Shape Outlook

Analysts have raised their price target for DBS Group Holdings to S$57.93 from S$57.53, citing slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E multiples as the main factors behind the change. What's in the News DBS Group Holdings is reported to be continuing its pursuit of a stake in Alliance Bank Malaysia Berhad, now channeling efforts through government to government discussions between Singapore and Malaysia.
CHJ
S$0.91
Uni-Asia Group
7D
4.6%
1Y
22.1%
T6I
S$1.13
ValueMax Group
7D
-3.4%
1Y
151.1%
U10
S$3.07
UOB-Kay Hian Holdings
7D
-2.5%
1Y
70.6%
5SY
S$0.45
OneApex
7D
104.5%
1Y
80.0%
G07
S$15.67
Great Eastern Holdings
7D
0.3%
1Y
n/a
U13
S$7.85
United Overseas Insurance
7D
0.6%
1Y
10.6%
P15
S$0.53
Pacific Century Regional Developments
7D
8.2%
1Y
52.2%
5QY
S$0.015
Net Pacific Holdings
7D
-16.7%
1Y
-11.8%
YF8
S$0.34
Yangzijiang Financial Holding
7D
-5.6%
1Y
-29.5%
S35
S$1.67
Sing Investments & Finance
7D
0.6%
1Y
56.1%

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%
T55
S$0.24
TIH
7D
-3.9%
1Y
-5.8%
S41
S$2.73
Hong Leong Finance
7D
-0.7%
1Y
9.6%