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Singaporean (SGX) Commercial Services Industry Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies19
  • 7D0.8%
  • 3M9.8%
  • 1Y21.2%
  • YTD27.4%

In the last week, the Commercial Services industry is flat overall, with Aedge Group standing out by going down 7.1%. The past year has been better, since the industry has gained 21% in that time. Looking forward, earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025S$1.2bS$1.2bS$72.9m9.6x16.8x1x
Thu, 16 Oct 2025S$1.2bS$1.2bS$62.5m9.5x19.3x1x
Sat, 13 Sep 2025S$1.3bS$1.2bS$63.3m9.7x19.8x1x
Mon, 11 Aug 2025S$1.2bS$1.2bS$53.8m8.5x23x1x
Wed, 09 Jul 2025S$1.1bS$1.2bS$89.1m6.8x12.5x0.9x
Fri, 06 Jun 2025S$1.1bS$1.2bS$91.3m6.9x11.6x0.9x
Sun, 04 May 2025S$1.1bS$1.2bS$88.9m6.6x11.8x0.9x
Tue, 01 Apr 2025S$1.0bS$1.2bS$87.4m6.5x12x0.9x
Thu, 27 Feb 2025S$1.1bS$1.2bS$89.7m10.7x11.9x0.9x
Sat, 25 Jan 2025S$1.1bS$1.1bS$92.8m8.2x11.5x0.9x
Mon, 23 Dec 2024S$1.1bS$1.1bS$92.7m8x11.4x0.9x
Wed, 20 Nov 2024S$1.1bS$1.1bS$92.7m7.9x12.1x1x
Fri, 18 Oct 2024S$1.1bS$1.1bS$64.5m7.1x17x1x
Sun, 15 Sep 2024S$1.1bS$1.1bS$63.8m7x17x1x
Tue, 13 Aug 2024S$1.1bS$1.1bS$54.4m7.2x19.3x0.9x
Thu, 11 Jul 2024S$1.1bS$1.1bS$42.0m16.1x26.3x1x
Sat, 08 Jun 2024S$1.1bS$1.1bS$44.1m10.6x24.4x1x
Mon, 06 May 2024S$1.1bS$1.1bS$56.5m13x19.1x0.9x
Wed, 03 Apr 2024S$1.1bS$1.1bS$62.4m9.4x17.2x0.9x
Fri, 01 Mar 2024S$1.1bS$1.1bS$35.7m11.2x29.9x0.9x
Sun, 28 Jan 2024S$1.4bS$1.4bS$65.2m12.2x22.2x1x
Tue, 26 Dec 2023S$1.5bS$1.4bS$65.3m11.9x22.5x1x
Thu, 23 Nov 2023S$1.4bS$1.4bS$65.3m11x21.4x1x
Sat, 21 Oct 2023S$1.4bS$1.4bS$72.5m10.6x19.8x1x
Mon, 18 Sep 2023S$1.5bS$1.4bS$71.6m10x20.8x1x
Wed, 16 Aug 2023S$1.6bS$1.4bS$64.8m10x24.8x1.1x
Fri, 14 Jul 2023S$1.6bS$1.4bS$74.1m10.7x21.4x1.1x
Sun, 11 Jun 2023S$1.6bS$1.4bS$74.1m10x21.6x1.2x
Tue, 09 May 2023S$1.6bS$1.4bS$69.3m10.5x23.2x1.2x
Thu, 06 Apr 2023S$1.6bS$1.4bS$70.0m10.2x23x1.2x
Sat, 04 Mar 2023S$1.6bS$1.4bS$54.9m10x29.9x1.2x
Mon, 30 Jan 2023S$1.7bS$1.3bS$44.6m9.4x37.7x1.2x
Wed, 28 Dec 2022S$1.6bS$1.3bS$50.1m9.8x32.8x1.2x
Fri, 25 Nov 2022S$1.6bS$1.3bS$50.0m9.5x31.9x1.2x
Price to Earnings Ratio

31.9x


Total Market Cap: S$1.6bTotal Earnings: S$50.0mTotal Revenue: S$1.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Commercial Services Industry Price to Earnings3Y Average 20.3x202320242025
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 16.8x which is lower than its 3-year average PE of 20.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.6% 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 Market1.09%
Industrials1.21%
Commercial Services0.79%
Commercial Printing4.17%
Diversified Support Services1.14%
Environmental and Facilities Services-0.24%
Office Services and Supplies-1.11%
Security and Alarm Services-6.33%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 65.6x.
    • Analysts are expecting annual earnings growth of 7.2%, which is lower than the prior year's growth of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 7.2% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 7.2% 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
WJP VICOMS$1.632.5%
+S$14.2m		23.5%PE18.8x
ZB9 Union Steel HoldingsS$0.623.3%
+S$2.4m		-3.1%PE7.7x
BQC A-Smart HoldingsS$0.134.2%
+S$1.3m		73.6%PS4.8x
5IF Natural Cool HoldingsS$0.0557.8%
+S$1.0m		34.1%PE7x

Latest News

BQC
S$0.13
A-Smart Holdings
7D
4.2%
1Y
73.6%
5NV
S$0.085
Chasen Holdings
7D
-2.3%
1Y
-22.0%
ENV
S$0.07
LS 2 Holdings
7D
-4.1%
1Y
-1.4%
ZB9
S$0.62
Union Steel Holdings
7D
3.3%
1Y
-3.1%
BQM
S$0.80
Tiong Woon Corporation Holding
7D
-0.6%
1Y
40.7%
43B
S$0.074
Secura Group
7D
-6.3%
1Y
48.0%
SES
S$0.045
Shanaya
7D
-10.0%
1Y
-29.7%
XVG
S$0.26
Aedge Group
7D
-7.1%
1Y
n/a
5CT
S$0.021
ecoWise Holdings
7D
-4.5%
1Y
n/a
LS9
S$0.022
Leader Environmental Technologies
7D
-4.3%
1Y
-48.8%
5IF
S$0.055
Natural Cool Holdings
7D
7.8%
1Y
34.1%
WJP
S$1.63
VICOM
7D
2.5%
1Y
23.5%