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Singaporean (SGX) Industrials Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies141
  • 7D-2.9%
  • 3M-6.4%
  • 1Y29.6%
  • YTD4.4%

Over the last 7 days, the Industrials industry has dropped 2.9%, driven by Singapore Technologies Engineering declining 4.3%. In the past year, the industry has gained 30%. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Singaporean Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026S$165.2bS$160.3bS$9.9b14.1x16.6x1x
Tue, 05 May 2026S$171.9bS$158.5bS$10.8b13.6x15.9x1.1x
Thu, 02 Apr 2026S$174.9bS$158.7bS$10.8b13x16.2x1.1x
Sat, 28 Feb 2026S$181.3bS$160.0bS$9.8b13.9x18.5x1.1x
Mon, 26 Jan 2026S$164.2bS$158.7bS$9.3b14.4x17.7x1x
Wed, 24 Dec 2025S$156.2bS$159.1bS$9.3b12.5x16.8x1x
Fri, 21 Nov 2025S$154.1bS$159.4bS$9.1b14x16.9x1x
Sun, 19 Oct 2025S$145.0bS$158.8bS$9.5b12.1x15.2x0.9x
Tue, 16 Sep 2025S$145.2bS$158.4bS$9.5b12.5x15.3x0.9x
Thu, 14 Aug 2025S$142.4bS$157.5bS$9.5b11.6x15x0.9x
Sat, 12 Jul 2025S$131.6bS$155.3bS$8.6b9.8x15.3x0.8x
Mon, 09 Jun 2025S$124.9bS$155.9bS$8.6b9.9x14.5x0.8x
Wed, 07 May 2025S$120.4bS$156.6bS$7.6b9.9x15.7x0.8x
Fri, 04 Apr 2025S$118.2bS$157.9bS$7.7b9.9x15.3x0.7x
Sun, 02 Mar 2025S$114.3bS$157.2bS$8.3b9.6x13.8x0.7x
Tue, 28 Jan 2025S$114.6bS$153.6bS$6.0b10.3x19x0.7x
Thu, 26 Dec 2024S$113.1bS$153.7bS$6.0b10.2x18.7x0.7x
Sat, 23 Nov 2024S$112.9bS$153.7bS$6.0b11x18.7x0.7x
Mon, 21 Oct 2024S$114.8bS$152.1bS$6.5b10.3x17.7x0.8x
Wed, 18 Sep 2024S$112.8bS$151.7bS$6.4b10.3x17.5x0.7x
Fri, 16 Aug 2024S$107.5bS$153.0bS$6.5b8.9x16.6x0.7x
Sun, 14 Jul 2024S$110.9bS$153.4bS$6.7b10.6x16.5x0.7x
Tue, 11 Jun 2024S$110.6bS$153.7bS$6.7b10.6x16.4x0.7x
Thu, 09 May 2024S$110.7bS$153.0bS$6.6b10.3x16.7x0.7x
Sat, 06 Apr 2024S$109.2bS$152.8bS$6.7b9.9x16.4x0.7x
Mon, 04 Mar 2024S$110.1bS$150.7bS$8.0b9.9x13.7x0.7x
Wed, 31 Jan 2024S$112.9bS$151.9bS$7.1b10.2x15.8x0.7x
Fri, 29 Dec 2023S$113.9bS$151.2bS$7.1b10.4x16x0.8x
Sun, 26 Nov 2023S$110.4bS$151.9bS$7.1b10.2x15.5x0.7x
Tue, 24 Oct 2023S$113.8bS$150.2bS$6.6b11x17.3x0.8x
Thu, 21 Sep 2023S$126.1bS$150.0bS$6.6b11.1x19.2x0.8x
Sat, 19 Aug 2023S$126.6bS$149.7bS$6.6b10.5x19.2x0.8x
Mon, 17 Jul 2023S$132.2bS$144.9bS$6.5b10.8x20.4x0.9x
Wed, 14 Jun 2023S$127.6bS$145.4bS$6.5b10.6x19.6x0.9x
Price to Earnings Ratio

19.6x


Total Market Cap: S$127.6bTotal Earnings: S$6.5bTotal Revenue: S$145.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 16.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Singaporean Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.8x.
  • The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Industrials sector?

SG Market-0.66%
Industrials-2.86%
Airlines2.80%
Infrastructure1.30%
Professional Services0.21%
Transportation-0.24%
Trade Distributors-0.52%
Building-0.71%
Commercial Services-1.29%
Electrical-1.76%
Logistics-2.29%
Industrials-3.89%
Aerospace & Defense-4.36%
Marine and Shipping-4.40%
Machinery-4.81%
Construction-6.45%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 13.4% per year.
  • Investors are most pessimistic about the Logistics industry, which is trading close to its 3-year average of 5.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Transportation industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
C6L Singapore AirlinesS$6.972.8%
+S$598.7m		-1.7%PE18.5x
S58 SATSS$3.993.6%
+S$206.8m		27.1%PE20.7x
A33 Southern ArchipelagoS$0.002100.0%
+S$27.6m		100.0%PS16.3x
5NV Chasen HoldingsS$0.1912.7%
+S$8.2m		177.6%PE10.1x
43E VCPlusS$0.00350.0%
+S$5.7m		0%PS226.8x

Latest News

C6L
S$6.97
Singapore Airlines
7D
2.8%
1Y
-1.7%
Narrative Update • Jun 05

C6L: Wide-Body Fleet Renewal And Passenger Strength Will Support Steady Future Returns

Analysts have adjusted their price target for Singapore Airlines to SGD6.59 from SGD6.66, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. What's in the News Singapore Airlines is reported to be in early talks to buy at least 50 new wide body passenger jets, including Boeing 777X aircraft and Airbus A350-1000 aircraft, in multi billion dollar negotiations, according to recent media reports citing “Boeing Stock Gains As Singapore Airlines, Qantas Reportedly Eye Major Wide-Body Jet Orders”.
S63
S$10.89
Singapore Technologies Engineering
7D
-4.3%
1Y
37.0%
S58
S$3.99
SATS
7D
3.6%
1Y
27.1%
BS6
S$3.54
Yangzijiang Shipbuilding (Holdings)
7D
-2.7%
1Y
54.6%
Narrative Update • Jun 04

Vertically Integrated Maritime Ecosystem Player

Yangzijiang Shipbuilding (SGX: BS6) — Investment Thesis Update June 2026 | Updated from: Pure-Play Shipbuilding Compounder Thesis Revision: From "Pure-Play Shipbuilder" to "Vertically Integrated Maritime Ecosystem Player" The original thesis centred on Yangzijiang as a high-quality industrial compounder benefiting from a structural shipbuilding upcycle, clean-energy vessel demand, and disciplined capital allocation. That thesis remains largely valid.
5NV
S$0.19
Chasen Holdings
7D
12.7%
1Y
177.6%
Analysis Article • Jun 03

Chasen Holdings' (SGX:5NV) Solid Profits Have Weak Fundamentals

Chasen Holdings Limited ( SGX:5NV ) just reported some strong earnings, and the market reacted accordingly with a...
J36
US$62.72
Jardine Matheson Holdings
7D
-5.5%
1Y
42.7%
Narrative Update • Jun 03

J36: Capital Recycling And Rising Dividends Will Support Further Re Rating

Analysts have trimmed their fair value estimate for Jardine Matheson Holdings from $84.00 to $82.50, citing a slightly higher discount rate, more moderate revenue growth assumptions, and updated views on private business value and shareholder return plans reflected in recent research. What's in the News Jardine Matheson reaffirmed full year 2026 profit guidance, indicating expectations are broadly in line with 2025 after adjusting for business disposals, according to recent company guidance.
A33
S$0.002
Southern Archipelago
7D
100.0%
1Y
100.0%
C07
S$28.34
Jardine Cycle & Carriage
7D
-4.3%
1Y
18.3%
Narrative Update • May 29

C07: Leadership Transition And Stable Dividends Will Support Future Earnings Multiple

Analysts have made a small upward adjustment to their fair value estimate for Jardine Cycle & Carriage, lifting the target from SGD33.48 to SGD33.60 as they refresh assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Jardine Cycle & Carriage plans a leadership transition, with Freddy Lee to become Chief Executive Officer on 1 May 2026 after serving as Group Finance Director and Executive Director.
43E
S$0.003
VCPlus
7D
50.0%
1Y
0%
G20
S$0.57
GP Industries
7D
1.8%
1Y
16.3%
5E2
S$2.02
Seatrium
7D
-4.7%
1Y
-3.8%
Narrative Update • May 27

5E2: Offshore Projects And Share Buybacks Will Support Future Upside Potential

Analysts have kept their SGD fair value estimate for Seatrium steady at SGD2.78, with only slight tweaks to inputs such as the discount rate and future P/E assumptions. This guides their unchanged SGD price target view.
BN4
S$10.59
Keppel
7D
-1.6%
1Y
48.1%
E28
S$2.92
Frencken Group
7D
-11.2%
1Y
147.5%
H22
S$3.03
Hong Leong Asia
7D
-10.9%
1Y
140.5%
D8DU
S$0.043
First Ship Lease Trust
7D
7.5%
1Y
4.9%
G50
S$0.72
Grand Banks Yachts
7D
4.3%
1Y
48.5%