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Singaporean (SGX) Banks Industry Analysis
UpdatedApr 19, 2026
DataAggregated Company Financials
Companies3
- 7D0.3%
- 3M1.9%
- 1Y33.1%
- YTD6.1%
In the last week, Banks has been flat. The past year has been better, since the industry has gained 33% in that time. As for the next few years, earnings are expected to grow by 5.3% per annum.
Industry Valuation and Performance
Has the Singaporean Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 Apr 2026 | S$326.5b | S$47.8b | S$22.8b | 13.9x | 14.3x | 6.8x |
| Tue, 17 Mar 2026 | S$309.5b | S$47.8b | S$23.0b | 12.8x | 13.5x | 6.5x |
| Thu, 12 Feb 2026 | S$323.3b | S$47.7b | S$22.9b | 13.7x | 14.1x | 6.8x |
| Sat, 10 Jan 2026 | S$311.9b | S$47.8b | S$23.1b | 12.7x | 13.5x | 6.5x |
| Mon, 08 Dec 2025 | S$295.7b | S$47.8b | S$23.1b | 12.1x | 12.8x | 6.2x |
| Wed, 05 Nov 2025 | S$286.1b | S$49.1b | S$24.4b | 10.5x | 11.7x | 5.8x |
| Fri, 03 Oct 2025 | S$283.3b | S$49.1b | S$24.4b | 10.3x | 11.6x | 5.8x |
| Sun, 31 Aug 2025 | S$276.9b | S$49.1b | S$24.4b | 10.3x | 11.4x | 5.6x |
| Tue, 29 Jul 2025 | S$276.2b | S$49.0b | S$24.5b | 10.4x | 11.3x | 5.6x |
| Thu, 26 Jun 2025 | S$258.8b | S$49.0b | S$24.5b | 10x | 10.6x | 5.3x |
| Sat, 24 May 2025 | S$258.5b | S$49.0b | S$24.6b | 9.9x | 10.5x | 5.3x |
| Mon, 21 Apr 2025 | S$246.0b | S$48.8b | S$24.7b | 9.8x | 10x | 5x |
| Wed, 19 Mar 2025 | S$266.3b | S$48.8b | S$24.8b | 10.3x | 10.7x | 5.5x |
| Fri, 14 Feb 2025 | S$268.9b | S$48.7b | S$24.5b | 10.8x | 11x | 5.5x |
| Sun, 12 Jan 2025 | S$263.8b | S$48.3b | S$24.2b | 10.6x | 10.9x | 5.5x |
| Tue, 10 Dec 2024 | S$260.0b | S$48.3b | S$24.2b | 10.6x | 10.7x | 5.4x |
| Thu, 07 Nov 2024 | S$234.8b | S$46.9b | S$23.5b | 9.8x | 10x | 5x |
| Sat, 05 Oct 2024 | S$228.5b | S$46.9b | S$23.5b | 9.5x | 9.7x | 4.9x |
| Mon, 02 Sep 2024 | S$221.3b | S$46.9b | S$23.5b | 9.4x | 9.4x | 4.7x |
| Wed, 31 Jul 2024 | S$224.5b | S$46.2b | S$23.1b | 9.7x | 9.7x | 4.9x |
| Fri, 28 Jun 2024 | S$219.8b | S$46.2b | S$23.1b | 9.3x | 9.5x | 4.8x |
| Sun, 26 May 2024 | S$218.2b | S$46.2b | S$23.1b | 9.2x | 9.5x | 4.7x |
| Tue, 23 Apr 2024 | S$205.9b | S$45.3b | S$22.7b | 8.8x | 9.1x | 4.5x |
| Thu, 21 Mar 2024 | S$199.1b | S$45.4b | S$22.7b | 8.6x | 8.8x | 4.4x |
| Sat, 17 Feb 2024 | S$195.8b | S$45.3b | S$22.4b | 8.8x | 8.7x | 4.3x |
| Mon, 15 Jan 2024 | S$189.3b | S$45.1b | S$22.6b | 8.3x | 8.4x | 4.2x |
| Wed, 13 Dec 2023 | S$183.9b | S$45.1b | S$22.6b | 8x | 8.1x | 4.1x |
| Fri, 10 Nov 2023 | S$191.0b | S$44.7b | S$22.3b | 8.5x | 8.6x | 4.3x |
| Sun, 08 Oct 2023 | S$192.2b | S$43.9b | S$21.9b | 8.6x | 8.8x | 4.4x |
| Tue, 05 Sep 2023 | S$191.0b | S$43.9b | S$21.9b | 8.7x | 8.7x | 4.4x |
| Thu, 03 Aug 2023 | S$196.6b | S$41.9b | S$20.6b | 9.5x | 9.6x | 4.7x |
| Sat, 01 Jul 2023 | S$183.4b | S$41.3b | S$20.3b | 9.1x | 9x | 4.4x |
| Mon, 29 May 2023 | S$183.8b | S$41.3b | S$20.3b | 9.1x | 9.1x | 4.5x |
| Wed, 26 Apr 2023 | S$190.9b | S$38.3b | S$18.4b | 10.5x | 10.4x | 5x |
Price to Earnings Ratio
10.4x
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 7.5% per year over the last three years.
- Revenues for these companies have grown 7.7% 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 | 0.43% | |
| Financials | 0.40% | |
| Banks | 0.26% | |
| Diversified Banks | 0.26% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 5.3%, which is higher than its past year's earnings decline of 2.7% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 5.3% over the next 5 years.
- This is better than its past earnings decline of 2.7% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| O39 Oversea-Chinese Banking | S$22.72 | 1.1% +S$1.1b | 42.2% | PB1.6x | |
| U11 United Overseas Bank | S$37.40 | 0.03% +S$9.6m | 7.5% | PB1.3x |