Analysis Article • Jun 03
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Singaporean (SGX) Commercial Services Industry Analysis
UpdatedJun 13, 2026
DataAggregated Company Financials
Companies16
- 7D-2.1%
- 3M3.8%
- 1Y36.4%
- YTD13.0%
Over the last 7 days, the Commercial Services industry has dropped 2.1%, driven by pullbacks in Tiong Woon Corporation Holding and Chasen Holdings of 3.8% and 12%, respectively. Meanwhile, ecoWise Holdings actually outperformed within the industry, gaining 6.3% in the last week. This takes the industry's 12 month performance to a gain of 36%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 13 Jun 2026 | S$1.4b | S$1.3b | S$97.7m | 12x | 13.9x | 1.1x |
| Mon, 11 May 2026 | S$1.5b | S$1.2b | S$89.2m | 13.6x | 16.3x | 1.2x |
| Wed, 08 Apr 2026 | S$1.3b | S$1.2b | S$89.2m | 12.8x | 15x | 1.1x |
| Fri, 06 Mar 2026 | S$1.4b | S$1.3b | S$88.3m | 13.8x | 15.3x | 1.1x |
| Sun, 01 Feb 2026 | S$1.3b | S$1.2b | S$73.4m | 10.1x | 17.4x | 1.1x |
| Tue, 30 Dec 2025 | S$1.2b | S$1.2b | S$73.4m | 9.5x | 16.7x | 1x |
| Thu, 27 Nov 2025 | S$1.2b | S$1.2b | S$73.4m | 9.2x | 16.6x | 1x |
| Sat, 25 Oct 2025 | S$1.2b | S$1.2b | S$61.4m | 9.7x | 19.8x | 1x |
| Mon, 22 Sep 2025 | S$1.2b | S$1.2b | S$63.1m | 9.7x | 19.3x | 1x |
| Wed, 20 Aug 2025 | S$1.2b | S$1.2b | S$55.8m | 8.8x | 20.9x | 1x |
| Fri, 18 Jul 2025 | S$1.2b | S$1.2b | S$59.4m | 7.8x | 20x | 1x |
| Sun, 15 Jun 2025 | S$1.1b | S$1.2b | S$88.8m | 6.7x | 12.2x | 0.9x |
| Tue, 13 May 2025 | S$1.1b | S$1.2b | S$88.8m | 6.8x | 12.1x | 0.9x |
| Thu, 10 Apr 2025 | S$985.6m | S$1.2b | S$87.5m | 5.6x | 11.3x | 0.8x |
| Sat, 08 Mar 2025 | S$1.0b | S$1.1b | S$83.8m | 6.7x | 12.4x | 0.9x |
| Mon, 03 Feb 2025 | S$1.1b | S$1.1b | S$92.7m | 8.1x | 11.4x | 0.9x |
| Wed, 01 Jan 2025 | S$1.1b | S$1.1b | S$92.7m | 8.1x | 11.5x | 0.9x |
| Fri, 29 Nov 2024 | S$1.1b | S$1.1b | S$92.7m | 7.9x | 11.5x | 0.9x |
| Sun, 27 Oct 2024 | S$1.1b | S$1.1b | S$64.5m | 8.4x | 17.2x | 1x |
| Tue, 24 Sep 2024 | S$1.1b | S$1.1b | S$63.9m | 7x | 17x | 1x |
| Thu, 22 Aug 2024 | S$1.0b | S$1.1b | S$62.4m | 7x | 16.6x | 0.9x |
| Sat, 20 Jul 2024 | S$1.1b | S$1.1b | S$42.0m | 10.7x | 26.1x | 1x |
| Mon, 17 Jun 2024 | S$1.1b | S$1.1b | S$44.0m | 10.4x | 24.4x | 1x |
| Wed, 15 May 2024 | S$1.1b | S$1.1b | S$56.5m | 13.5x | 18.6x | 0.9x |
| Fri, 12 Apr 2024 | S$1.1b | S$1.1b | S$62.2m | 11.1x | 17.6x | 1x |
| Sun, 10 Mar 2024 | S$1.1b | S$1.1b | S$63.3m | 10x | 17x | 0.9x |
| Tue, 06 Feb 2024 | S$1.0b | S$1.1b | S$34.1m | 11.6x | 29.5x | 0.9x |
| Thu, 04 Jan 2024 | S$1.5b | S$1.4b | S$65.3m | 11.8x | 23x | 1.1x |
| Sat, 02 Dec 2023 | S$1.4b | S$1.4b | S$65.3m | 11x | 21.8x | 1x |
| Mon, 30 Oct 2023 | S$1.4b | S$1.4b | S$72.5m | 11.1x | 19.7x | 1x |
| Wed, 27 Sep 2023 | S$1.5b | S$1.4b | S$71.7m | 10x | 21.2x | 1.1x |
| Fri, 25 Aug 2023 | S$1.6b | S$1.4b | S$64.5m | 10.2x | 24.1x | 1.1x |
| Sun, 23 Jul 2023 | S$1.6b | S$1.4b | S$74.2m | 10.6x | 21.4x | 1.1x |
| Tue, 20 Jun 2023 | S$1.6b | S$1.4b | S$74.1m | 10.7x | 21.8x | 1.2x |
Price to Earnings Ratio
21.8x
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 13.9x which is lower than its 3-year average PE of 17.9x.
- The industry is trading close to its 3-year average PS ratio of 1.00x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 9.6% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.1% 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 Market | -0.34% | |
| Industrials | -0.89% | |
| Commercial Services | -2.13% | |
| Office Services and Supplies | 0% | 0 |
| Environmental and Facilities Services | -0.95% | |
| Commercial Printing | -1.82% | |
| Diversified Support Services | -2.32% | |
| Security and Alarm Services | -2.70% | |
Industry PE
- Investors are most optimistic about the Security and Alarm Services industry which is trading above its 3-year average PE ratio of 15.5x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 5CT ecoWise Holdings | S$0.017 | 6.3% +S$1.1m | -22.7% | PS0.6x |