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Singaporean (SGX) Banks Industry Analysis

UpdatedJun 25, 2024
DataAggregated Company Financials
Companies3
  • 7D0.4%
  • 3M6.3%
  • 1Y18.0%
  • YTD12.9%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 17% in that time. As for the next few years, earnings are expected to grow by 2.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Jun 2024S$216.6bS$46.2bS$23.1b9.2x9.4x4.7x
Fri, 24 May 2024S$218.3bS$46.2bS$23.1b9.2x9.5x4.7x
Sun, 21 Apr 2024S$205.9bS$45.3bS$22.7b8.8x9.1x4.5x
Tue, 19 Mar 2024S$198.8bS$45.4bS$22.7b8.6x8.8x4.4x
Thu, 15 Feb 2024S$189.6bS$45.3bS$22.4b8.4x8.4x4.2x
Sat, 13 Jan 2024S$189.3bS$45.1bS$22.6b8.3x8.4x4.2x
Mon, 11 Dec 2023S$184.5bS$45.1bS$22.6b8.1x8.2x4.1x
Wed, 08 Nov 2023S$192.9bS$44.7bS$22.3b8.6x8.7x4.3x
Fri, 06 Oct 2023S$191.6bS$43.9bS$21.9b8.6x8.8x4.4x
Sun, 03 Sep 2023S$189.9bS$43.9bS$21.9b8.7x8.7x4.3x
Tue, 01 Aug 2023S$198.5bS$41.9bS$20.6b9.6x9.6x4.7x
Thu, 29 Jun 2023S$182.3bS$41.3bS$20.3b9x9x4.4x
Sat, 27 May 2023S$183.8bS$41.3bS$20.3b9.1x9.1x4.5x
Mon, 24 Apr 2023S$191.4bS$38.3bS$18.4b10.4x10.4x5x
Wed, 22 Mar 2023S$187.7bS$38.3bS$18.4b10.5x10.2x4.9x
Fri, 17 Feb 2023S$199.4bS$37.1bS$17.9b10.9x11.1x5.4x
Sun, 15 Jan 2023S$197.6bS$35.2bS$16.3b11.7x12.1x5.6x
Tue, 13 Dec 2022S$194.1bS$35.2bS$16.3b11.9x11.9x5.5x
Thu, 10 Nov 2022S$192.8bS$36.0bS$16.9b11.2x11.4x5.4x
Sat, 08 Oct 2022S$184.5bS$33.8bS$15.6b11.2x11.8x5.5x
Mon, 05 Sep 2022S$182.6bS$33.8bS$15.6b11.3x11.7x5.4x
Wed, 03 Aug 2022S$181.2bS$33.1bS$15.2b11.6x11.9x5.5x
Fri, 01 Jul 2022S$171.5bS$32.8bS$15.1b11.3x11.4x5.2x
Sun, 29 May 2022S$181.8bS$32.8bS$15.1b12.3x12.1x5.5x
Tue, 26 Apr 2022S$191.3bS$33.2bS$15.5b12.8x12.3x5.8x
Thu, 24 Mar 2022S$198.7bS$33.2bS$15.6b13.1x12.7x6x
Sat, 19 Feb 2022S$148.4bS$33.2bS$15.8b13.4x9.4x4.5x
Mon, 17 Jan 2022S$197.6bS$32.0bS$14.9b13.7x13.2x6.2x
Wed, 15 Dec 2021S$177.2bS$32.0bS$14.9b12.2x11.9x5.5x
Fri, 12 Nov 2021S$182.7bS$32.0bS$14.9b12.8x12.2x5.7x
Sun, 10 Oct 2021S$174.5bS$30.7bS$13.9b13.2x12.5x5.7x
Tue, 07 Sep 2021S$174.1bS$30.7bS$13.9b13.2x12.5x5.7x
Thu, 05 Aug 2021S$179.6bS$30.7bS$13.9b13.4x12.9x5.8x
Price to Earnings Ratio

12.5x


Total Market Cap: S$173.9bTotal Earnings: S$13.9bTotal Revenue: S$30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Banks Industry Price to Earnings3Y Average 10.8x202220232024
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 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 Market0.46%
Financials0.32%
Banks0.44%
Diversified Banks0.44%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings growth of 2.0%, which is lower than the prior year's growth of 14.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 15% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.0% 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
O39 Oversea-Chinese BankingS$14.411.5%
+S$928.4m		17.3%PB1.2x
U11 United Overseas BankS$30.901.0%
+S$498.7m		11.5%PB1.2x
D05 DBS Group HoldingsS$35.650.4%
+S$426.6m		25.3%PB1.6x
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Latest News

D05

S$35.65

DBS Group Holdings

7D

0.4%

1Y

25.3%

O39

S$14.41

Oversea-Chinese Banking

7D

1.5%

1Y

17.3%

U11

S$30.90

United Overseas Bank

7D

1.0%

1Y

11.5%