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Singaporean (SGX) Diversified Banks Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies3
  • 7D1.7%
  • 3M12.6%
  • 1Y18.4%
  • YTDn/a

In the last week, Diversified Banks has been flat. The past year has been better, since the industry has gained 18% in that time. Earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026S$325.8bS$47.7bS$22.9b13.6x14.2x6.8x
Mon, 19 Jan 2026S$320.2bS$47.8bS$23.1b12.9x13.9x6.7x
Wed, 17 Dec 2025S$302.2bS$47.8bS$23.1b12.2x13.1x6.3x
Fri, 14 Nov 2025S$294.1bS$47.8bS$23.1b12x12.7x6.1x
Sun, 12 Oct 2025S$287.1bS$49.1bS$24.4b10.4x11.8x5.8x
Tue, 09 Sep 2025S$279.0bS$49.1bS$24.4b10.4x11.5x5.7x
Thu, 07 Aug 2025S$275.7bS$48.9bS$24.4b10.5x11.3x5.6x
Sat, 05 Jul 2025S$262.5bS$49.0bS$24.5b10.1x10.7x5.4x
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
Price to Earnings Ratio

10.6x


Total Market Cap: S$195.8bTotal Earnings: S$18.5bTotal Revenue: S$38.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Diversified Banks Industry Price to Earnings3Y Average 10.1x202420252026
Current Industry PE
    There are only 3 companies in the Singaporean Diversified 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 Diversified Banks industry have grown 7.3% per year over the last three years.
  • Revenues for these companies have grown 7.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Singaporean Diversified Banks compare with similar industries?

SG Market1.56%
Financials1.54%
Banks1.75%
Diversified Banks1.75%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
O39 Oversea-Chinese BankingS$21.722.9%
+S$2.7b		22.5%PB1.6x
D05 DBS Group HoldingsS$57.991.6%
+S$2.6b		24.4%PB2.4x
U11 United Overseas BankS$38.600.3%
+S$214.7m		0.6%PB1.3x

Latest News

D05
S$57.99
DBS Group Holdings
7D
1.6%
1Y
24.4%
O39
S$21.72
Oversea-Chinese Banking
7D
2.9%
1Y
22.5%

O39: Future Performance Will Reflect Stable Profitability And Fairly Valued Earnings Multiple

Narrative Update on Oversea-Chinese Banking Analysts have lifted their price target for Oversea-Chinese Banking to S$20.76 from S$19.80, pointing to updated assumptions around revenue growth, profit margins, and a slightly higher future P/E multiple that collectively support a higher fair value estimate. Valuation Changes Fair Value: Adjusted from SGD19.80 to about SGD20.76, reflecting a modest uplift in the estimated share valuation.
U11
S$38.60
United Overseas Bank
7D
0.3%
1Y
0.6%

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.