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Singaporean (SGX) Banks Industry Analysis

UpdatedDec 26, 2024
DataAggregated Company Financials
Companies3
  • 7D-0.3%
  • 3M12.0%
  • 1Y38.1%
  • YTD35.1%

Over the last 7 days, the Banks industry has dropped 2.6%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 37%. Looking forward, earnings are forecast to grow by 2.2% annually.

Industry Valuation and Performance

Has the Singaporean Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Dec 2024S$259.0bS$48.3bS$24.2b10.4x10.7x5.4x
Sat, 23 Nov 2024S$255.3bS$48.3bS$24.2b10.5x10.5x5.3x
Mon, 21 Oct 2024S$236.7bS$46.9bS$23.5b9.8x10.1x5x
Wed, 18 Sep 2024S$231.3bS$46.9bS$23.5b9.7x9.9x4.9x
Fri, 16 Aug 2024S$212.1bS$46.9bS$23.5b9x9x4.5x
Sun, 14 Jul 2024S$231.9bS$46.2bS$23.1b9.9x10.1x5x
Tue, 11 Jun 2024S$216.7bS$46.2bS$23.1b9.2x9.4x4.7x
Thu, 09 May 2024S$213.5bS$46.0bS$23.0b8.9x9.3x4.6x
Sat, 06 Apr 2024S$202.8bS$45.3bS$22.7b8.8x8.9x4.5x
Mon, 04 Mar 2024S$192.3bS$45.4bS$22.7b8.3x8.5x4.2x
Wed, 31 Jan 2024S$187.0bS$45.1bS$22.6b8.2x8.3x4.1x
Fri, 29 Dec 2023S$190.7bS$45.1bS$22.6b8.4x8.4x4.2x
Sun, 26 Nov 2023S$184.6bS$45.1bS$22.6b8.1x8.2x4.1x
Tue, 24 Oct 2023S$188.5bS$43.9bS$21.9b8.5x8.6x4.3x
Thu, 21 Sep 2023S$191.6bS$43.9bS$21.9b8.7x8.8x4.4x
Sat, 19 Aug 2023S$186.3bS$43.9bS$21.9b8.5x8.5x4.2x
Mon, 17 Jul 2023S$184.7bS$41.3bS$20.3b9x9.1x4.5x
Wed, 14 Jun 2023S$182.1bS$41.3bS$20.3b9x9x4.4x
Fri, 12 May 2023S$182.5bS$41.3bS$20.3b9x9x4.4x
Sun, 09 Apr 2023S$193.2bS$38.3bS$18.4b10.6x10.5x5x
Tue, 07 Mar 2023S$192.8bS$38.3bS$18.5b10.6x10.4x5x
Thu, 02 Feb 2023S$200.3bS$36.0bS$16.9b11.4x11.9x5.6x
Sat, 31 Dec 2022S$193.5bS$35.2bS$16.3b11.8x11.8x5.5x
Mon, 28 Nov 2022S$195.2bS$36.0bS$16.9b11.6x11.6x5.4x
Wed, 26 Oct 2022S$180.6bS$33.8bS$15.6b10.9x11.6x5.3x
Fri, 23 Sep 2022S$187.7bS$33.8bS$15.6b11.5x12x5.5x
Sun, 21 Aug 2022S$182.3bS$33.8bS$15.6b11.2x11.7x5.4x
Tue, 19 Jul 2022S$170.4bS$32.8bS$15.1b11.2x11.3x5.2x
Thu, 16 Jun 2022S$173.7bS$32.8bS$15.1b11.6x11.5x5.3x
Sat, 14 May 2022S$180.7bS$32.9bS$15.2b11.9x11.9x5.5x
Mon, 11 Apr 2022S$196.0bS$33.2bS$15.6b13.2x12.6x5.9x
Wed, 09 Mar 2022S$182.4bS$33.2bS$15.7b11.6x11.6x5.5x
Fri, 04 Feb 2022S$201.0bS$32.0bS$14.9b14.2x13.5x6.3x
Sun, 02 Jan 2022S$180.1bS$32.0bS$14.9b12.3x12.1x5.6x
Price to Earnings Ratio

12.1x


Total Market Cap: S$180.1bTotal Earnings: S$14.9bTotal Revenue: S$32.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Banks Industry Price to Earnings3Y Average 10.4x20232024
Current Industry PE
    There are only 3 companies in the Singaporean Banks industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 15% 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 industry?

SG Market-0.25%
Financials-0.33%
Banks-0.30%
Regional Banks0%
Diversified Banks-0.30%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 2.2%, which is lower than the prior year's growth of 7.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 7.1% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.2% 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$43.540.3%
+S$397.5m		45.0%PB1.9x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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