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Singaporean (SGX) Banks Industry Analysis

UpdatedJun 01, 2025
DataAggregated Company Financials
Companies3
  • 7D0.2%
  • 3M-4.6%
  • 1Y18.4%
  • YTD-0.6%

All of the companies in the Banks industry have been up over the last week, with the industry up 1.7%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 2.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Jun 2025S$259.0bS$49.0bS$24.5b9.9x10.6x5.3x
Wed, 30 Apr 2025S$248.8bS$48.8bS$24.7b9.6x10.1x5.1x
Fri, 28 Mar 2025S$272.8bS$48.8bS$24.7b10.7x11x5.6x
Sun, 23 Feb 2025S$276.2bS$48.7bS$24.8b10.6x11.2x5.7x
Tue, 21 Jan 2025S$263.1bS$48.3bS$24.2b10.7x10.9x5.5x
Thu, 19 Dec 2024S$259.8bS$48.3bS$24.2b10.5x10.7x5.4x
Sat, 16 Nov 2024S$256.9bS$48.3bS$24.2b10.5x10.6x5.3x
Mon, 14 Oct 2024S$230.6bS$46.9bS$23.5b9.5x9.8x4.9x
Wed, 11 Sep 2024S$227.3bS$46.9bS$23.5b9.6x9.7x4.8x
Fri, 09 Aug 2024S$209.6bS$46.9bS$23.5b9x8.9x4.5x
Sun, 07 Jul 2024S$228.2bS$46.2bS$23.1b9.8x9.9x4.9x
Tue, 04 Jun 2024S$219.7bS$46.2bS$23.1b9.3x9.5x4.8x
Thu, 02 May 2024S$214.3bS$45.3bS$22.7b9.1x9.4x4.7x
Sat, 30 Mar 2024S$202.9bS$45.3bS$22.7b8.6x8.9x4.5x
Mon, 26 Feb 2024S$194.8bS$45.4bS$22.7b8.6x8.6x4.3x
Wed, 24 Jan 2024S$186.9bS$45.1bS$22.6b8.3x8.3x4.1x
Fri, 22 Dec 2023S$183.4bS$45.1bS$22.6b8x8.1x4.1x
Sun, 19 Nov 2023S$188.3bS$45.1bS$22.6b8.3x8.3x4.2x
Tue, 17 Oct 2023S$192.8bS$43.9bS$21.9b8.7x8.8x4.4x
Thu, 14 Sep 2023S$191.0bS$43.9bS$21.9b8.7x8.7x4.4x
Sat, 12 Aug 2023S$194.0bS$43.9bS$21.9b8.9x8.9x4.4x
Mon, 10 Jul 2023S$179.1bS$41.3bS$20.3b8.9x8.8x4.3x
Wed, 07 Jun 2023S$183.0bS$41.3bS$20.3b9.1x9x4.4x
Fri, 05 May 2023S$186.9bS$39.5bS$19.1b10x9.8x4.7x
Sun, 02 Apr 2023S$190.5bS$38.3bS$18.4b10.5x10.3x5x
Tue, 28 Feb 2023S$195.8bS$38.3bS$18.5b10.8x10.6x5.1x
Thu, 26 Jan 2023S$195.1bS$35.2bS$16.3b11.5x11.9x5.5x
Sat, 24 Dec 2022S$195.0bS$35.2bS$16.3b11.8x11.9x5.5x
Mon, 21 Nov 2022S$198.5bS$36.0bS$16.9b11.6x11.8x5.5x
Wed, 19 Oct 2022S$179.7bS$33.8bS$15.6b11x11.5x5.3x
Fri, 16 Sep 2022S$187.2bS$33.8bS$15.6b11.4x12x5.5x
Sun, 14 Aug 2022S$186.3bS$33.8bS$15.6b11.4x11.9x5.5x
Tue, 12 Jul 2022S$173.0bS$32.8bS$15.1b11.3x11.5x5.3x
Thu, 09 Jun 2022S$180.7bS$32.8bS$15.1b12.2x12x5.5x
Price to Earnings Ratio

12x


Total Market Cap: S$180.7bTotal Earnings: S$15.1bTotal Revenue: S$32.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Banks Industry Price to Earnings3Y Average 10.1x202320242025
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 18% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.22%
Financials0.34%
Banks0.24%
Diversified Banks0.24%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 2.8%, which is lower than the prior year's growth of 7.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 7.6% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.8% 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$44.720.6%
+S$738.3m		24.3%PB1.8x
U11 United Overseas BankS$35.410.3%
+S$112.8m		15.0%PB1.3x
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Latest News

D05

S$44.72

DBS Group Holdings

7D

0.6%

1Y

24.3%

U11

S$35.41

United Overseas Bank

7D

0.3%

1Y

15.0%

O39

S$16.23

Oversea-Chinese Banking

7D

-0.4%

1Y

11.9%