Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Singaporean (SGX) Industrials Sector Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies144
  • 7D3.0%
  • 3M10.6%
  • 1Y46.4%
  • YTD7.4%

Over the last 7 days, the Industrials industry has risen 2.2%, and Jardine Matheson Holdings contributed the most with a gain of 6.0%. During this same period, the Yangzijiang Maritime Development underperformed, falling 7.2%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026S$168.7bS$158.8bS$9.3b14.6x18.1x1.1x
Sun, 04 Jan 2026S$157.4bS$159.1bS$9.3b13.5x16.9x1x
Tue, 02 Dec 2025S$154.1bS$159.4bS$9.3b13.5x16.5x1x
Thu, 30 Oct 2025S$152.1bS$158.8bS$9.6b13.1x15.9x1x
Sat, 27 Sep 2025S$146.3bS$158.7bS$9.5b12x15.3x0.9x
Mon, 25 Aug 2025S$140.2bS$158.2bS$9.5b11.4x14.8x0.9x
Wed, 23 Jul 2025S$139.6bS$155.5bS$8.6b10.4x16.2x0.9x
Fri, 20 Jun 2025S$124.5bS$155.5bS$8.6b10.4x14.4x0.8x
Sun, 18 May 2025S$122.1bS$156.1bS$8.5b9.2x14.4x0.8x
Tue, 15 Apr 2025S$110.3bS$157.2bS$7.7b9.3x14.4x0.7x
Thu, 13 Mar 2025S$115.4bS$157.8bS$7.7b9.3x15x0.7x
Sat, 08 Feb 2025S$114.1bS$153.9bS$6.2b9.9x18.4x0.7x
Mon, 06 Jan 2025S$115.5bS$154.3bS$6.1b10.1x19x0.7x
Wed, 04 Dec 2024S$113.2bS$153.6bS$6.0b10.4x18.8x0.7x
Fri, 01 Nov 2024S$114.1bS$152.5bS$6.5b10.4x17.6x0.7x
Sun, 29 Sep 2024S$113.7bS$151.4bS$6.4b11x17.7x0.8x
Tue, 27 Aug 2024S$109.1bS$152.8bS$6.5b9.8x16.9x0.7x
Thu, 25 Jul 2024S$110.9bS$153.5bS$6.8b10.5x16.4x0.7x
Sat, 22 Jun 2024S$110.1bS$153.8bS$6.7b10.6x16.3x0.7x
Mon, 20 May 2024S$107.9bS$153.4bS$6.8b9.6x15.8x0.7x
Wed, 17 Apr 2024S$107.4bS$153.2bS$6.6b10.3x16.2x0.7x
Fri, 15 Mar 2024S$109.1bS$152.3bS$6.6b10.3x16.4x0.7x
Sun, 11 Feb 2024S$111.2bS$149.7bS$7.1b10x15.7x0.7x
Tue, 09 Jan 2024S$112.8bS$151.6bS$7.1b10.2x15.8x0.7x
Thu, 07 Dec 2023S$110.3bS$151.9bS$7.1b10.3x15.4x0.7x
Sat, 04 Nov 2023S$117.5bS$149.8bS$6.6b11.3x17.8x0.8x
Mon, 02 Oct 2023S$124.8bS$150.1bS$6.6b11.1x18.9x0.8x
Wed, 30 Aug 2023S$128.4bS$149.6bS$6.6b10.6x19.5x0.9x
Fri, 28 Jul 2023S$132.5bS$144.9bS$6.4b11x20.6x0.9x
Sun, 25 Jun 2023S$128.3bS$145.8bS$6.5b10.5x19.6x0.9x
Tue, 23 May 2023S$131.5bS$145.4bS$6.5b10.9x20.1x0.9x
Thu, 20 Apr 2023S$126.6bS$140.6bS$5.2b10.6x24.4x0.9x
Sat, 18 Mar 2023S$119.1bS$140.9bS$5.2b10.4x22.8x0.8x
Mon, 13 Feb 2023S$124.2bS$136.1bS$7.7b9.8x16.1x0.9x
Price to Earnings Ratio

16.1x


Total Market Cap: S$124.2bTotal Earnings: S$7.7bTotal Revenue: S$136.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 17.3x202420252026
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 17.3x.
  • The 3-year average PS ratio of 0.81x 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 6.3% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market0.81%
Industrials3.00%
Industrials5.98%
Airlines5.50%
Aerospace & Defense2.56%
Transportation0.66%
Commercial Services0.11%
Infrastructure-0.057%
Machinery-0.30%
Logistics-0.32%
Construction-0.36%
Professional Services-0.83%
Building-1.15%
Trade Distributors-2.12%
Electrical-2.33%
Marine and Shipping-5.10%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 57.9% per year.
  • Investors are most pessimistic about the Logistics industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Logistics industry is expected to see its earnings decline by 73% 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
BN4 KeppelS$11.646.5%
+S$1.3b		71.4%PE19.8x
C6L Singapore AirlinesS$6.705.5%
+S$1.1b		5.5%PE9.3x
J36 Jardine Matheson HoldingsUS$75.714.0%
+US$848.0m		94.8%PE222.8x
C07 Jardine Cycle & CarriageS$33.385.0%
+S$628.4m		23.5%PE12.4x
F9D Boustead SingaporeS$2.076.2%
+S$60.6m		105.0%PE11.1x

Latest News

BN4
S$11.64
Keppel
7D
6.5%
1Y
71.4%
NS8U
US$0.22
Hutchison Port Holdings Trust
7D
-4.3%
1Y
40.1%
HQU
S$0.60
Oiltek International
7D
-11.7%
1Y
52.5%

A Look At The Intrinsic Value Of Oiltek International Limited (SGX:HQU)

Feb 02
A Look At The Intrinsic Value Of Oiltek International Limited (SGX:HQU)
S63
S$9.71
Singapore Technologies Engineering
7D
-0.9%
1Y
94.2%

Rising Defense Spending And Satcom Shifts Will Pressure Margins And Future Earnings Potential

Catalysts About Singapore Technologies Engineering Singapore Technologies Engineering is a global technology, defense and engineering group with businesses across commercial aerospace, defense and public security, and urban solutions and satellite communications. What are the underlying business or industry changes driving this perspective?
5E2
S$2.06
Seatrium
7D
-2.4%
1Y
-4.6%

5E2: Offshore Energy Contracts Will Support Long-Term Earnings Resilience

Analysts have modestly adjusted their price target on Seatrium, reflecting slight tweaks to the discount rate, revenue growth expectations, profit margin outlook and forward P/E assumptions, while keeping their fair value estimate broadly unchanged at about $2.73. What's in the News GE Vernova and Seatrium secured a consortium contract from TenneT for the BalWin5 2.2 GW offshore HVDC grid connection in the German North Sea, intended to transmit electricity from offshore wind farms to Germany's onshore network and support the country's energy transition goals (Key Developments).
J36
US$75.71
Jardine Matheson Holdings
7D
4.0%
1Y
94.8%
C07
S$33.38
Jardine Cycle & Carriage
7D
5.0%
1Y
23.5%
H22
S$3.38
Hong Leong Asia
7D
-1.5%
1Y
248.5%
C6L
S$6.70
Singapore Airlines
7D
5.5%
1Y
5.5%
ZQM
S$1.01
Soilbuild Construction Group
7D
4.1%
1Y
417.9%

Shareholders Would Enjoy A Repeat Of Soilbuild Construction Group's (SGX:ZQM) Recent Growth In Returns

Jan 27
Shareholders Would Enjoy A Repeat Of Soilbuild Construction Group's (SGX:ZQM) Recent Growth In Returns
S59
S$3.35
SIA Engineering
7D
1.5%
1Y
43.2%
E3B
S$0.86
Wee Hur Holdings
7D
-3.4%
1Y
68.6%

Subdued Growth No Barrier To Wee Hur Holdings Ltd. (SGX:E3B) With Shares Advancing 25%

Jan 13
Subdued Growth No Barrier To Wee Hur Holdings Ltd. (SGX:E3B) With Shares Advancing 25%
BS6
S$3.16
Yangzijiang Shipbuilding (Holdings)
7D
-5.4%
1Y
5.0%

If EPS Growth Is Important To You, Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Presents An Opportunity

Dec 27
If EPS Growth Is Important To You, Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Presents An Opportunity
A33
S$0.002
Southern Archipelago
7D
100.0%
1Y
100.0%

These 4 Measures Indicate That Southern Archipelago (SGX:A33) Is Using Debt Extensively

Dec 03
These 4 Measures Indicate That Southern Archipelago (SGX:A33) Is Using Debt Extensively
8YZ
S$0.56
Yangzijiang Maritime Development
7D
-6.7%
1Y
n/a
F9D
S$2.07
Boustead Singapore
7D
6.2%
1Y
105.0%