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Singaporean (SGX) Financials Sector Analysis

UpdatedAug 28, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.03%
  • 3M21.1%
  • 1Y50.2%
  • YTD36.5%

In the last week, the Financials industry is flat overall, with Great Eastern Holdings standing out by going down 5.2%. The past year has been better, since the industry has gained 50% in that time. Earnings are forecast to grow by 7.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Aug 2026S$477.2bS$61.5bS$26.3b13.9x18.1x7.8x
Sun, 26 Jul 2026S$467.1bS$60.0bS$25.1b17.4x18.6x7.8x
Tue, 23 Jun 2026S$417.6bS$60.5bS$25.2b15.7x16.6x6.9x
Thu, 21 May 2026S$389.8bS$60.5bS$25.2b15.6x15.5x6.4x
Sat, 18 Apr 2026S$376.1bS$60.3bS$25.1b15.6x15x6.2x
Mon, 16 Mar 2026S$355.3bS$60.4bS$25.4b14.8x14x5.9x
Wed, 11 Feb 2026S$363.8bS$59.3bS$25.4b14.8x14.3x6.1x
Fri, 09 Jan 2026S$350.5bS$59.4bS$25.6b13.4x13.7x5.9x
Sun, 07 Dec 2025S$332.7bS$59.4bS$25.6b13x13x5.6x
Tue, 04 Nov 2025S$326.7bS$60.8bS$26.9b11.6x12.2x5.4x
Thu, 02 Oct 2025S$319.1bS$60.9bS$26.9b12.7x11.9x5.2x
Sat, 30 Aug 2025S$314.6bS$60.7bS$26.8b11.1x11.7x5.2x
Mon, 28 Jul 2025S$307.6bS$52.8bS$26.0b11.9x11.8x5.8x
Wed, 25 Jun 2025S$282.2bS$52.8bS$26.0b10.9x10.9x5.3x
Fri, 23 May 2025S$281.6bS$52.8bS$26.1b10.7x10.8x5.3x
Sun, 20 Apr 2025S$270.6bS$52.6bS$26.2b10.3x10.3x5.1x
Tue, 18 Mar 2025S$286.2bS$52.6bS$26.3b10.9x10.9x5.4x
Thu, 13 Feb 2025S$292.1bS$52.3bS$25.8b11.2x11.3x5.6x
Sat, 11 Jan 2025S$285.5bS$51.8bS$25.4b10.6x11.2x5.5x
Mon, 09 Dec 2024S$281.9bS$51.8bS$25.4b10.6x11.1x5.4x
Wed, 06 Nov 2024S$253.6bS$50.4bS$24.7b10.1x10.3x5x
Fri, 04 Oct 2024S$261.0bS$57.7bS$25.6b10.2x10.2x4.5x
Sun, 01 Sep 2024S$253.3bS$57.7bS$25.6b9.8x9.9x4.4x
Tue, 30 Jul 2024S$254.6bS$56.5bS$25.0b10x10.2x4.5x
Thu, 27 Jun 2024S$248.0bS$56.4bS$25.0b9.8x9.9x4.4x
Sat, 25 May 2024S$248.1bS$56.4bS$25.0b9.8x9.9x4.4x
Mon, 22 Apr 2024S$231.9bS$55.5bS$24.7b9.5x9.4x4.2x
Wed, 20 Mar 2024S$225.5bS$55.5bS$24.6b9.1x9.1x4.1x
Fri, 16 Feb 2024S$219.6bS$61.7bS$24.6b9.4x8.9x3.6x
Sun, 14 Jan 2024S$217.0bS$61.5bS$24.8b8.7x8.8x3.5x
Tue, 12 Dec 2023S$213.5bS$61.7bS$25.0b9.9x8.6x3.5x
Thu, 09 Nov 2023S$220.9bS$61.3bS$24.7b9.9x9x3.6x
Sat, 07 Oct 2023S$222.8bS$60.5bS$24.2b10.4x9.2x3.7x
Mon, 04 Sep 2023S$220.5bS$60.5bS$24.2b12.6x9.1x3.6x
Price to Earnings Ratio

9.1x


Total Market Cap: S$220.5bTotal Earnings: S$24.2bTotal Revenue: S$60.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 11.6x202420252026
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 18.1x which is higher than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 2.8% 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-0.14%
Financials-0.031%
Diversified Financial7.57%
Capital Markets0.61%
Banks0.16%
Consumer Finance-0.34%
Insurance-5.00%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 20.6x.
    • Analysts are expecting annual earnings growth of 8.9%, which is lower than the prior year's growth of 26.6% 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 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 9.2% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 6.9% 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
U11 United Overseas BankS$40.641.0%
+S$693.0m		15.1%PB1.4x
O39 Oversea-Chinese BankingS$30.900.4%
+S$538.8m		84.5%PB2.2x
S68 Singapore ExchangeS$25.291.5%
+S$406.1m		54.0%PE38.7x
U13 United Overseas InsuranceS$8.702.0%
+S$10.4m		10.1%PE15.3x
I49 IFS CapitalS$0.189.1%
+S$5.6m		10.4%PE14.4x

Latest News

S68
S$25.29
Singapore Exchange
7D
1.5%
1Y
54.0%
Narrative Update • Aug 27

S68: Expanded Equity Derivatives Franchise Will Support Earnings While Shares Stay Fairly Valued

Analysts have raised their price target on Singapore Exchange from SGD22.33 to SGD24.15, citing model updates that reflect the latest fair value estimate, discount rate, revenue growth outlook, profit margin assumptions and future P/E expectations. What's in the News for Singapore Exchange Singapore Exchange, through SGX Group, is expanding its global equity derivatives franchise under a new licensing agreement with MSCI, with plans to introduce up to 100 new contracts.
CJN
S$1.95
British and Malayan Holdings
7D
1.6%
1Y
n/a
O39
S$30.90
Oversea-Chinese Banking
7D
0.4%
1Y
84.5%
P15
S$0.49
Pacific Century Regional Developments
7D
-1.0%
1Y
-1.0%
U10
S$4.07
UOB-Kay Hian Holdings
7D
-3.8%
1Y
72.5%
BLS
S$1.60
Hotung Investment Holdings
7D
-2.4%
1Y
19.4%
CHJ
S$0.94
Uni-Asia Group
7D
0.5%
1Y
17.6%
U13
S$8.70
United Overseas Insurance
7D
2.0%
1Y
10.1%
D05
S$75.65
DBS Group Holdings
7D
-0.3%
1Y
50.3%
I49
S$0.18
IFS Capital
7D
9.1%
1Y
10.4%
S23
S$0.79
Singapura Finance
7D
-4.3%
1Y
10.6%
8A1
S$0.12
Heptamax International
7D
-1.7%
1Y
30.8%
U11
S$40.64
United Overseas Bank
7D
1.0%
1Y
15.1%
Narrative Update • Aug 11

U11: Future Returns Will Balance AI Infrastructure Funding And Wealth Partnership Execution

Analysts have slightly raised their SGD price target for United Overseas Bank to about SGD43.43 from around SGD42.47, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E, after recent Street research highlighted softer non wealth fee income expectations. What's in the News for United Overseas Bank UOB agreed for Allianz Global Investors to acquire UOB Asset Management, with the deal covering the UOBAM franchise across eight Asian markets.
AIY
S$8.87
iFAST
7D
-1.2%
1Y
5.8%
G07
S$20.50
Great Eastern Holdings
7D
-5.2%
1Y
50.7%