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Singaporean (SGX) Commercial Services Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies17
  • 7D3.7%
  • 3M10.3%
  • 1Y50.3%
  • YTD12.3%

In the last week, the Commercial Services industry is up 3.7%, with Natural Cool Holdings up 134%. Meanwhile, Aedge Group actually underperformed within the industry, shrinking 8.2% in the last week. In the last 12 months, the industry was up 50%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Singaporean Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026S$1.4bS$1.2bS$89.2m15.6x15.8x1.1x
Thu, 19 Mar 2026S$1.3bS$1.2bS$87.5m13x15.3x1.1x
Sat, 14 Feb 2026S$1.3bS$1.2bS$72.2m9.7x17.7x1.1x
Mon, 12 Jan 2026S$1.2bS$1.2bS$73.5m9.4x16.7x1x
Wed, 10 Dec 2025S$1.2bS$1.2bS$73.4m9.3x16.3x1x
Fri, 07 Nov 2025S$1.2bS$1.2bS$61.4m9.7x19.9x1x
Sun, 05 Oct 2025S$1.2bS$1.2bS$62.5m9.4x19.8x1x
Tue, 02 Sep 2025S$1.2bS$1.2bS$63.7m8.1x18.4x1x
Thu, 31 Jul 2025S$1.3bS$1.2bS$59.4m7.9x21.6x1.1x
Sat, 28 Jun 2025S$1.1bS$1.2bS$88.9m6.9x12.3x0.9x
Mon, 26 May 2025S$1.1bS$1.2bS$89.7m6.4x12.2x0.9x
Wed, 23 Apr 2025S$1.0bS$1.2bS$88.6m5.8x11.5x0.9x
Fri, 21 Mar 2025S$1.0bS$1.1bS$84.1m6.9x12.4x0.9x
Sun, 16 Feb 2025S$1.1bS$1.2bS$91.8m8.4x11.5x0.9x
Tue, 14 Jan 2025S$1.1bS$1.1bS$92.7m8.2x11.5x0.9x
Thu, 12 Dec 2024S$1.1bS$1.1bS$92.7m8x11.6x0.9x
Sat, 09 Nov 2024S$1.1bS$1.1bS$63.9m8.4x17.5x1x
Mon, 07 Oct 2024S$1.1bS$1.1bS$63.7m6.9x17.7x1x
Wed, 04 Sep 2024S$1.1bS$1.1bS$61.6m7.1x17.1x0.9x
Fri, 02 Aug 2024S$1.1bS$1.1bS$42.1m13.6x26.6x1x
Sun, 30 Jun 2024S$1.1bS$1.1bS$42.0m13.7x25.4x1x
Tue, 28 May 2024S$1.1bS$1.1bS$56.6m13.3x18.7x0.9x
Thu, 25 Apr 2024S$1.1bS$1.1bS$62.1m10.6x17.4x0.9x
Sat, 23 Mar 2024S$1.1bS$1.1bS$62.5m9.5x16.9x0.9x
Mon, 19 Feb 2024S$1.0bS$1.1bS$37.6m11.8x26.9x0.9x
Wed, 17 Jan 2024S$1.5bS$1.4bS$65.3m12.4x22.7x1x
Fri, 15 Dec 2023S$1.4bS$1.4bS$65.2m11.5x21.9x1x
Sun, 12 Nov 2023S$1.4bS$1.4bS$65.4m10.9x21.8x1x
Tue, 10 Oct 2023S$1.5bS$1.4bS$72.6m10.6x20.4x1x
Thu, 07 Sep 2023S$1.5bS$1.4bS$71.9m9.9x21.5x1.1x
Sat, 05 Aug 2023S$1.6bS$1.4bS$72.8m10x22.1x1.1x
Mon, 03 Jul 2023S$1.6bS$1.4bS$74.1m10.6x21.3x1.1x
Wed, 31 May 2023S$1.6bS$1.4bS$74.1m10.2x21.8x1.2x
Fri, 28 Apr 2023S$1.6bS$1.4bS$69.3m10.3x23.1x1.2x
Price to Earnings Ratio

23.1x


Total Market Cap: S$1.6bTotal Earnings: S$69.3mTotal Revenue: S$1.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Commercial Services Industry Price to Earnings3Y Average 18.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.8x which is lower than its 3-year average PE of 18.2x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.4% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Singaporean Industrials industry?

SG Market0.63%
Industrials0.40%
Commercial Services3.66%
Security and Alarm Services8.11%
Environmental and Facilities Services4.23%
Commercial Printing3.54%
Diversified Support Services3.51%
Office Services and Supplies0%0
Industry PE
  • Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 15.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 6.7% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 8.0% 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
BQM Tiong Woon Corporation HoldingS$1.065.0%
+S$11.6m
89.3%PE11.8x
BEZ Beng Kuang MarineS$0.4911.4%
+S$11.3m
147.5%PE20.8x
5IF Natural Cool HoldingsS$0.08267.3%
+S$8.3m
141.2%PE12.6x
SES ShanayaS$0.04545.2%
+S$3.2m
-13.5%PE1475.1x
BQC A-Smart HoldingsS$0.127.1%
+S$2.1m
70.4%PS4.8x

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