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Singaporean (SGX) Industrials Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies144
  • 7D-2.5%
  • 3M7.9%
  • 1Y34.2%
  • YTD31.0%

Over the last 7 days, the Industrials industry has dropped 1.2%, driven by a pullback from Jardine Matheson Holdings of 7.1%. In the past year, the industry has gained 34%. 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
Fri, 21 Nov 2025S$153.8bS$159.3bS$9.1b13.1x16.9x1x
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
Fri, 12 May 2023S$128.3bS$140.4bS$5.2b10.9x24.8x0.9x
Sun, 09 Apr 2023S$125.2bS$140.5bS$5.2b10.7x24.1x0.9x
Tue, 07 Mar 2023S$122.5bS$141.0bS$5.3b10.2x22.9x0.9x
Thu, 02 Feb 2023S$126.8bS$138.3bS$8.1b9.6x15.7x0.9x
Sat, 31 Dec 2022S$119.9bS$137.8bS$7.6b9.1x15.8x0.9x
Mon, 28 Nov 2022S$119.7bS$138.3bS$7.6b9.2x15.8x0.9x
Price to Earnings Ratio

15.8x


Total Market Cap: S$119.7bTotal Earnings: S$7.6bTotal Revenue: S$138.3bTotal 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 6.3% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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-1.37%
Industrials-2.50%
Marine and Shipping2.45%
Commercial Services-0.091%
Aerospace & Defense-0.46%
Transportation-0.60%
Professional Services-0.77%
Logistics-1.42%
Electrical-1.82%
Trade Distributors-1.95%
Building-2.11%
Airlines-2.71%
Machinery-2.75%
Construction-3.14%
Infrastructure-3.32%
Industrials-3.46%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 24.7x.
    • 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 3.1x.
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
C07 Jardine Cycle & CarriageS$32.801.1%
+S$138.3m		16.2%PE11.9x
A33 Southern ArchipelagoS$0.002100.0%
+S$27.6m		100.0%PS11.7x
5LY Marco Polo MarineS$0.116.7%
+S$26.3m		109.4%PE19.6x
1MZ Nam CheongS$0.885.4%
+S$18.0m		136.5%PE4.6x
LCC Lum Chang CreationsS$0.486.6%
+S$9.5m		n/aPE11.8x

Latest News

C6L
S$6.47
Singapore Airlines
7D
-2.7%
1Y
2.4%

We Believe Singapore Airlines' (SGX:C6L) Earnings Are A Poor Guide For Its Profitability

Nov 20
We Believe Singapore Airlines' (SGX:C6L) Earnings Are A Poor Guide For Its Profitability
S58
S$3.39
SATS
7D
-4.5%
1Y
-11.7%

SATS' (SGX:S58) Performance Is Even Better Than Its Earnings Suggest

Nov 20
SATS' (SGX:S58) Performance Is Even Better Than Its Earnings Suggest
1MZ
S$0.88
Nam Cheong
7D
5.4%
1Y
136.5%

Nam Cheong Limited (SGX:1MZ) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Nov 19
Nam Cheong Limited (SGX:1MZ) Surges 27% Yet Its Low P/E Is No Reason For Excitement
C07
S$32.80
Jardine Cycle & Carriage
7D
1.1%
1Y
16.2%

C07: Future Profit Margins May Struggle To Offset Weaker Revenue Assumptions

Analysts have raised their price target for Jardine Cycle & Carriage from $24.53 to $25.77. They cite a lower assumed discount rate and an improved profit margin outlook, even as revenue growth forecasts are expected to moderate.
BN4
S$10.05
Keppel
7D
-1.5%
1Y
52.7%

Keppel Ltd.'s (SGX:BN4) Business Is Trailing The Market But Its Shares Aren't

Nov 18
Keppel Ltd.'s (SGX:BN4) Business Is Trailing The Market But Its Shares Aren't
J36
US$63.25
Jardine Matheson Holdings
7D
-7.1%
1Y
46.9%
S63
S$8.64
Singapore Technologies Engineering
7D
-0.5%
1Y
87.4%
5E2
S$2.12
Seatrium
7D
-2.8%
1Y
11.0%

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

Nov 14
Seatrium (SGX:5E2) Might Have The Makings Of A Multi-Bagger
S59
S$3.66
SIA Engineering
7D
-2.4%
1Y
54.4%

SIA Engineering (SGX:S59) Has Announced A Dividend Of SGD0.025

Nov 10
SIA Engineering (SGX:S59) Has Announced A Dividend Of SGD0.025
5LY
S$0.11
Marco Polo Marine
7D
6.7%
1Y
109.4%
LCC
S$0.48
Lum Chang Creations
7D
6.6%
1Y
n/a
BS6
S$3.39
Yangzijiang Shipbuilding (Holdings)
7D
-2.6%
1Y
27.0%

We Ran A Stock Scan For Earnings Growth And Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Passed With Ease

Sep 25
We Ran A Stock Scan For Earnings Growth And Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Passed With Ease
A33
S$0.002
Southern Archipelago
7D
100.0%
1Y
100.0%
1B6
S$0.05
Ocean Sky International
7D
31.6%
1Y
92.3%
L02
S$0.037
Metis Energy
7D
5.7%
1Y
60.9%
G0I
S$0.58
Nam Lee Pressed Metal Industries
7D
4.5%
1Y
127.5%