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Singaporean (SGX) Industrials Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies144
  • 7D0.3%
  • 3M6.6%
  • 1Y31.6%
  • YTD31.4%

Over the last 7 days, the Industrials industry has remained flat, although notably Jardine Matheson Holdings gained 4.3%. As for the the longer term, the industry is up 32% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025S$154.3bS$159.3bS$9.3b13.1x16.6x1x
Mon, 03 Nov 2025S$151.1bS$158.8bS$9.6b12.9x15.8x1x
Wed, 01 Oct 2025S$148.0bS$158.6bS$9.5b12x15.5x0.9x
Fri, 29 Aug 2025S$140.2bS$158.3bS$9.5b12.3x14.8x0.9x
Sun, 27 Jul 2025S$143.9bS$155.6bS$8.6b11x16.7x0.9x
Tue, 24 Jun 2025S$123.7bS$155.6bS$8.6b10.3x14.3x0.8x
Thu, 22 May 2025S$122.3bS$155.8bS$8.5b9.2x14.4x0.8x
Sat, 19 Apr 2025S$113.9bS$157.1bS$7.7b9.5x14.9x0.7x
Mon, 17 Mar 2025S$116.3bS$157.8bS$7.7b9.3x15.1x0.7x
Wed, 12 Feb 2025S$113.8bS$154.1bS$6.2b10.1x18.2x0.7x
Fri, 10 Jan 2025S$115.5bS$154.2bS$6.1b10.3x19x0.7x
Sun, 08 Dec 2024S$114.7bS$153.5bS$6.0b10.5x19x0.7x
Tue, 05 Nov 2024S$114.1bS$152.3bS$6.5b10.4x17.6x0.7x
Thu, 03 Oct 2024S$115.1bS$151.6bS$6.4b10.3x17.9x0.8x
Sat, 31 Aug 2024S$109.0bS$152.8bS$6.5b10.7x16.7x0.7x
Mon, 29 Jul 2024S$111.3bS$153.4bS$6.8b10.3x16.4x0.7x
Wed, 26 Jun 2024S$109.4bS$153.7bS$6.7b10.6x16.2x0.7x
Fri, 24 May 2024S$107.5bS$153.5bS$6.8b10.1x15.7x0.7x
Sun, 21 Apr 2024S$106.9bS$153.2bS$6.6b10.4x16.1x0.7x
Tue, 19 Mar 2024S$107.4bS$152.5bS$6.7b10.1x16.1x0.7x
Thu, 15 Feb 2024S$112.6bS$149.8bS$7.1b10.6x15.9x0.8x
Sat, 13 Jan 2024S$114.1bS$151.6bS$7.1b10.2x16x0.8x
Mon, 11 Dec 2023S$111.6bS$151.9bS$7.2b10.1x15.6x0.7x
Wed, 08 Nov 2023S$118.1bS$149.7bS$6.6b10.9x17.9x0.8x
Fri, 06 Oct 2023S$124.5bS$150.2bS$6.6b11.1x18.9x0.8x
Sun, 03 Sep 2023S$128.8bS$149.8bS$6.6b10.8x19.6x0.9x
Tue, 01 Aug 2023S$133.5bS$148.3bS$6.5b10.9x20.4x0.9x
Thu, 29 Jun 2023S$130.9bS$145.7bS$6.5b10.7x20x0.9x
Sat, 27 May 2023S$124.0bS$145.6bS$6.6b10.1x18.9x0.9x
Mon, 24 Apr 2023S$127.8bS$140.5bS$5.2b10.8x24.6x0.9x
Wed, 22 Mar 2023S$118.3bS$140.6bS$5.2b10.4x22.6x0.8x
Fri, 17 Feb 2023S$123.6bS$136.4bS$7.7b9.5x16x0.9x
Sun, 15 Jan 2023S$121.7bS$138.3bS$8.1b9.6x15.1x0.9x
Tue, 13 Dec 2022S$119.6bS$137.9bS$7.6b9x15.8x0.9x
Price to Earnings Ratio

15.8x


Total Market Cap: S$119.6bTotal Earnings: S$7.6bTotal Revenue: S$137.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 17.2x202320242025
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 17.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 7.2% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market0.042%
Industrials0.29%
Marine and Shipping6.37%
Building3.09%
Industrials1.79%
Construction1.40%
Logistics1.15%
Machinery0.78%
Professional Services0.33%
Transportation-0.076%
Commercial Services-0.33%
Electrical-0.54%
Infrastructure-1.28%
Aerospace & Defense-1.56%
Airlines-2.47%
Trade Distributors-2.48%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 24.9x.
    • Analysts are expecting annual earnings growth of 15.7%, 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 2.9x.
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
J36 Jardine Matheson HoldingsUS$68.414.3%
+US$830.9m		48.5%PE202.3x
BS6 Yangzijiang Shipbuilding (Holdings)S$3.432.4%
+S$314.8m		27.5%PE9.5x
8YZ Yangzijiang Maritime DevelopmentS$0.725.9%
+S$139.2m		n/aPE14.8x
5LY Marco Polo MarineS$0.1419.7%
+S$86.4m		154.5%PE9x
F9D Boustead SingaporeS$1.777.3%
+S$60.6m		75.2%PE9.5x

Latest News

NS8U
US$0.20
Hutchison Port Holdings Trust
7D
-4.8%
1Y
25.8%

There's Reason For Concern Over Hutchison Port Holdings Trust's (SGX:NS8U) Price

Dec 05
There's Reason For Concern Over Hutchison Port Holdings Trust's (SGX:NS8U) Price
C07
S$34.05
Jardine Cycle & Carriage
7D
-0.3%
1Y
15.8%

Jardine Cycle & Carriage (SGX:C07) Seems To Use Debt Quite Sensibly

Dec 05
Jardine Cycle & Carriage (SGX:C07) Seems To Use Debt Quite Sensibly
5LY
S$0.14
Marco Polo Marine
7D
19.7%
1Y
154.5%
1E3
S$0.32
Sanli Environmental
7D
8.5%
1Y
251.6%
S63
S$8.17
Singapore Technologies Engineering
7D
-1.6%
1Y
78.4%

Singapore Technologies Engineering (SGX:S63) Has A Pretty Healthy Balance Sheet

Dec 02
Singapore Technologies Engineering (SGX:S63) Has A Pretty Healthy Balance Sheet
C6L
S$6.33
Singapore Airlines
7D
-2.5%
1Y
-0.3%
BN4
S$10.23
Keppel
7D
-0.1%
1Y
50.0%

BN4: Updated Discount Rate And Margins Will Support Fair Valuation Outlook

Analysts have raised Keppel's fair value estimate from $10.61 to $10.99, citing updated forecasts and adjustments in their valuation model. Valuation Changes The Fair Value Estimate has increased slightly from SGD 10.61 to SGD 10.99.
S58
S$3.43
SATS
7D
0.9%
1Y
-9.0%

S58: Future Dividends And Higher Earnings Multiple Will Drive Upside Next Year

Analysts have increased their price target for SATS from $3.94 to $3.99, citing modest adjustments in growth estimates and valuation metrics. What's in the News The Board of Directors of SATS Ltd.
8YZ
S$0.72
Yangzijiang Maritime Development
7D
5.9%
1Y
n/a
BS6
S$3.43
Yangzijiang Shipbuilding (Holdings)
7D
2.4%
1Y
27.5%

Why Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) Could Be Worth Watching

Nov 27
Why Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) Could Be Worth Watching
J36
US$68.41
Jardine Matheson Holdings
7D
4.3%
1Y
48.5%

J36: Share Buyback and Reaffirmed Guidance Will Maintain a Measured Outlook

Analysts have raised their price target for Jardine Matheson Holdings from $70 to $72.10. This reflects slight improvements in revenue growth expectations as well as a marginally lower discount rate.
S59
S$3.51
SIA Engineering
7D
-2.0%
1Y
46.3%

Should You Be Adding SIA Engineering (SGX:S59) To Your Watchlist Today?

Nov 27
Should You Be Adding SIA Engineering (SGX:S59) To Your Watchlist Today?
BEC
S$4.01
BRC Asia
7D
2.0%
1Y
55.4%
F9D
S$1.77
Boustead Singapore
7D
7.3%
1Y
75.2%
5E2
S$2.12
Seatrium
7D
-1.4%
1Y
5.5%

Seatrium (SGX:5E2) Might Have The Makings Of A Multi-Bagger

Nov 14
Seatrium (SGX:5E2) Might Have The Makings Of A Multi-Bagger
P52
S$1.00
Pan-United
7D
-2.9%
1Y
83.5%