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Singaporean (SGX) Capital Markets Industry Analysis
UpdatedMar 25, 2026
DataAggregated Company Financials
Companies10
- 7D1.0%
- 3M7.1%
- 1Y29.6%
- YTD8.5%
In the last week, the Capital Markets industry is flat overall, with Yangzijiang Financial Holding standing out by going down 4.0%. The past year has been better, since the industry has gained 31% in that time. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Singaporean Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Mar 2026 | S$27.5b | S$2.9b | S$868.5m | 26.7x | 31.7x | 9.6x |
| Fri, 20 Feb 2026 | S$27.1b | S$2.9b | S$1.3b | 20.2x | 21.4x | 9.4x |
| Sun, 18 Jan 2026 | S$26.3b | S$2.8b | S$1.3b | 18.7x | 20.8x | 9.3x |
| Tue, 16 Dec 2025 | S$25.4b | S$2.8b | S$1.3b | 17.9x | 20.1x | 9x |
| Thu, 13 Nov 2025 | S$25.8b | S$2.9b | S$1.3b | 11.7x | 20.3x | 8.9x |
| Sat, 11 Oct 2025 | S$28.4b | S$2.9b | S$1.3b | 12.1x | 22.4x | 9.9x |
| Mon, 08 Sep 2025 | S$26.6b | S$2.8b | S$1.2b | 12.4x | 21.3x | 9.6x |
| Wed, 06 Aug 2025 | S$26.3b | S$2.8b | S$1.3b | 16x | 20.9x | 9.3x |
| Fri, 04 Jul 2025 | S$23.6b | S$2.8b | S$1.3b | 14x | 18.8x | 8.4x |
| Sun, 01 Jun 2025 | S$21.4b | S$2.8b | S$1.2b | 13.4x | 17.2x | 7.6x |
| Tue, 29 Apr 2025 | S$21.7b | S$2.8b | S$1.2b | 14.3x | 17.4x | 7.7x |
| Thu, 27 Mar 2025 | S$21.1b | S$2.8b | S$1.2b | 14.8x | 16.9x | 7.6x |
| Sat, 22 Feb 2025 | S$20.1b | S$2.7b | S$1.1b | 13.4x | 18.4x | 7.3x |
| Mon, 20 Jan 2025 | S$18.5b | S$2.6b | S$1.0b | 8.6x | 18.2x | 7.1x |
| Wed, 18 Dec 2024 | S$18.7b | S$2.6b | S$1.0b | 8.4x | 18.4x | 7.1x |
| Fri, 15 Nov 2024 | S$17.6b | S$2.5b | S$1.0b | 9.7x | 17.5x | 6.9x |
| Sun, 13 Oct 2024 | S$18.0b | S$2.5b | S$998.7m | 9.6x | 18x | 7.2x |
| Tue, 10 Sep 2024 | S$16.7b | S$2.5b | S$1.0b | 8.3x | 16.7x | 6.7x |
| Thu, 08 Aug 2024 | S$15.2b | S$2.5b | S$1.0b | 8.5x | 15x | 6.1x |
| Sat, 06 Jul 2024 | S$15.2b | S$2.5b | S$997.7m | 9.1x | 15.2x | 6.1x |
| Mon, 03 Jun 2024 | S$14.9b | S$2.5b | S$997.8m | 9.4x | 14.9x | 6x |
| Wed, 01 May 2024 | S$14.9b | S$2.5b | S$995.6m | 9.5x | 14.9x | 6x |
| Fri, 29 Mar 2024 | S$14.5b | S$2.4b | S$979.3m | 8.7x | 14.8x | 5.9x |
| Sun, 25 Feb 2024 | S$15.2b | S$2.4b | S$945.7m | 10.2x | 16.1x | 6.3x |
| Tue, 23 Jan 2024 | S$15.8b | S$2.4b | S$948.0m | 12.9x | 16.6x | 6.6x |
| Thu, 21 Dec 2023 | S$19.1b | S$2.6b | S$1.1b | 16.7x | 16.8x | 7.3x |
| Sat, 18 Nov 2023 | S$19.3b | S$2.6b | S$1.1b | 17x | 16.9x | 7.4x |
| Mon, 16 Oct 2023 | S$19.2b | S$2.6b | S$1.1b | 17.5x | 16.8x | 7.4x |
| Wed, 13 Sep 2023 | S$19.1b | S$2.6b | S$1.1b | 17.3x | 16.8x | 7.4x |
| Fri, 11 Aug 2023 | S$18.8b | S$2.5b | S$1.1b | 17.9x | 17.9x | 7.4x |
| Sun, 09 Jul 2023 | S$18.3b | S$2.5b | S$1.0b | 16.1x | 18.1x | 7.4x |
| Tue, 06 Jun 2023 | S$18.0b | S$2.5b | S$1.0b | 11.8x | 17.9x | 7.2x |
| Thu, 04 May 2023 | S$18.5b | S$2.5b | S$1.0b | 15.5x | 18.4x | 7.5x |
| Sat, 01 Apr 2023 | S$18.9b | S$2.4b | S$1.0b | 15.3x | 18.2x | 7.7x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are optimistic on the Singaporean Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.4x which is higher than its 3-year average PE of 18.0x.
- The 3-year average PS ratio of 7.6x is lower than the industry's current PS ratio of 9.5x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 5.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Financials industry?
| SG Market | -1.70% | |
| Financials | -0.50% | |
| Capital Markets | 1.01% | |
| Investment Banking and Brokerage | 2.91% | |
| Financial Exchanges and Data | 0.94% | |
| Asset Management | -0.12% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 21.6x.
- Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings decline of 0.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 26% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| S68 Singapore Exchange | S$19.23 | 0.9% +S$192.6m | 44.3% | PE31.6x | |
| U10 UOB-Kay Hian Holdings | S$3.18 | 2.9% +S$87.7m | 74.7% | PE12.9x | |
| AIY iFAST | S$8.78 | 0.9% +S$24.4m | 20.8% | PE26.7x | |
| 42T Trendlines Group | S$0.055 | 3.8% +S$2.9m | 44.7% | PE32.6x | |
| CJN British and Malayan Holdings | S$1.48 | 24.4% +S$2.5m | n/a | PS5.8x |
