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Singaporean (SGX) Construction Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies38
  • 7D2.1%
  • 3M53.9%
  • 1Y114.1%
  • YTD92.9%

Over the last 7 days, the Construction industry has risen 2.1%, driven by gains from Boustead Singapore of 12%. Meanwhile, Soilbuild Construction Group actually underperformed within the industry, shrinking 8.2% in the last week. This means that the industry has gained 114% over the past year. Earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

Has the Singaporean Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025S$5.6bS$5.9bS$324.1m13x17.3x0.9x
Thu, 14 Aug 2025S$4.9bS$6.0bS$387.6m15.2x12.7x0.8x
Sat, 12 Jul 2025S$4.0bS$5.7bS$344.5m9.5x11.6x0.7x
Mon, 09 Jun 2025S$3.6bS$6.1bS$358.3m9.7x10x0.6x
Wed, 07 May 2025S$3.3bS$6.2bS$309.3m8.8x10.7x0.5x
Fri, 04 Apr 2025S$3.3bS$6.2bS$309.3m8x10.6x0.5x
Sun, 02 Mar 2025S$3.2bS$6.1bS$303.7m7.2x10.4x0.5x
Tue, 28 Jan 2025S$3.1bS$6.1bS$365.7m6.6x8.4x0.5x
Thu, 26 Dec 2024S$2.9bS$6.1bS$365.6m6.2x8.1x0.5x
Sat, 23 Nov 2024S$2.9bS$6.1bS$373.6m6.5x7.8x0.5x
Mon, 21 Oct 2024S$2.8bS$6.2bS$345.6m6.3x8.2x0.5x
Wed, 18 Sep 2024S$2.6bS$6.2bS$344.0m6.6x7.6x0.4x
Fri, 16 Aug 2024S$2.9bS$6.9bS$341.0m6.6x8.4x0.4x
Sun, 14 Jul 2024S$3.0bS$6.9bS$244.5m7.8x12.1x0.4x
Tue, 11 Jun 2024S$2.8bS$6.9bS$243.0m7.6x11.5x0.4x
Thu, 09 May 2024S$2.7bS$6.8bS$251.4m7.2x10.7x0.4x
Sat, 06 Apr 2024S$2.7bS$6.8bS$245.4m7x10.8x0.4x
Mon, 04 Mar 2024S$2.6bS$6.7bS$207.2m6.3x12.6x0.4x
Wed, 31 Jan 2024S$3.4bS$8.2bS$41,843.007.6x81893.2x0.4x
Fri, 29 Dec 2023S$3.5bS$8.2bS$988.9k7.5x3508.2x0.4x
Sun, 26 Nov 2023S$3.5bS$8.3bS$2.6m7.4x1319.5x0.4x
Tue, 24 Oct 2023S$3.5bS$8.1b-S$2,979,544.007.6x-1190.1x0.4x
Thu, 21 Sep 2023S$3.7bS$8.1b-S$1,901,089.007.8x-1928.2x0.5x
Sat, 19 Aug 2023S$3.6bS$8.1bS$23.3m7.6x156.4x0.5x
Mon, 17 Jul 2023S$3.8bS$8.0b-S$54,286,254.008.7x-69.9x0.5x
Wed, 14 Jun 2023S$3.7bS$8.0b-S$51,882,505.008.6x-71.3x0.5x
Fri, 12 May 2023S$3.7bS$7.8b-S$61,910,526.009.4x-59.2x0.5x
Sun, 09 Apr 2023S$3.6bS$7.8b-S$69,659,962.009.5x-52x0.5x
Tue, 07 Mar 2023S$3.6bS$7.8bS$52.8m8.4x68.2x0.5x
Thu, 02 Feb 2023S$3.5bS$7.5bS$62.6m7.8x55.7x0.5x
Sat, 31 Dec 2022S$3.4bS$7.3bS$78.3m7.5x44x0.5x
Mon, 28 Nov 2022S$3.5bS$7.3bS$79.0m7.2x44.3x0.5x
Wed, 26 Oct 2022S$3.5bS$7.4bS$109.8m10.4x32x0.5x
Fri, 23 Sep 2022S$3.7bS$7.4bS$110.6m10x33.7x0.5x
Price to Earnings Ratio

33.7x


Total Market Cap: S$3.7bTotal Earnings: S$110.6mTotal Revenue: S$7.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Construction Industry Price to Earnings3Y Average 1525.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Singaporean Construction 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 17.3x which is lower than its 3-year average PE of 2kx.
  • The industry is trading close to its 3-year average PS ratio of 0.49x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 43% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.2% 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 Market0.89%
Industrials1.42%
Construction2.15%
Construction and Engineering2.15%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
F9D Boustead SingaporeS$1.8011.8%
+S$93.4m		78.2%PE9.3x
5CF OKP HoldingsS$1.135.6%
+S$18.4m		222.9%PE8.5x
E3B Wee Hur HoldingsS$0.772.0%
+S$13.8m		146.8%PE26.8x
J2T Hock Lian Seng HoldingsS$0.475.7%
+S$12.8m		38.8%PE11.8x
V5Q Soilbuild Construction GroupS$2.781.8%
+S$8.3m		227.1%PE9.7x

Latest News

HQU
S$1.03
Oiltek International
7D
-6.4%
1Y
579.1%
V5Q
S$2.78
Soilbuild Construction Group
7D
1.8%
1Y
227.1%
L19
S$0.43
Lum Chang Holdings
7D
2.4%
1Y
45.8%
ZXY
S$0.36
Alpina Holdings
7D
-4.0%
1Y
136.8%
LCC
S$0.56
Lum Chang Creations
7D
-3.4%
1Y
n/a
ZKX
S$0.69
Ever Glory United Holdings
7D
3.0%
1Y
127.2%
ER0
S$0.41
KSH Holdings
7D
-2.4%
1Y
112.4%
1L2
S$0.028
Hiap Seng Industries
7D
-3.4%
1Y
600.0%

There's Been No Shortage Of Growth Recently For Hiap Seng Industries' (SGX:1L2) Returns On Capital

Aug 29
There's Been No Shortage Of Growth Recently For Hiap Seng Industries' (SGX:1L2) Returns On Capital
E3B
S$0.77
Wee Hur Holdings
7D
2.0%
1Y
146.8%
KJ5
S$0.20
BBR Holdings (S)
7D
-6.8%
1Y
64.0%
5CF
S$1.13
OKP Holdings
7D
5.6%
1Y
222.9%
J2T
S$0.47
Hock Lian Seng Holdings
7D
5.7%
1Y
38.8%

Hock Lian Seng Holdings' (SGX:J2T) Shareholders Have More To Worry About Than Only Soft Earnings

Aug 13
Hock Lian Seng Holdings' (SGX:J2T) Shareholders Have More To Worry About Than Only Soft Earnings
5HV
S$0.088
Koh Brothers Eco Engineering
7D
2.3%
1Y
238.5%
K75
S$0.32
Koh Brothers Group
7D
-3.1%
1Y
136.8%
1E3
S$0.29
Sanli Environmental
7D
-3.3%
1Y
235.2%
F9D
S$1.80
Boustead Singapore
7D
11.8%
1Y
78.2%