Addvalue Technologies Ltd (SGX:A31) Stocks Shoot Up 44% But Its P/S Still Looks Reasonable
Aug 22
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Singaporean (SGX) Tech Sector Analysis
UpdatedApr 01, 2026
DataAggregated Company Financials
Companies45
- 7D0.2%
- 3M15.5%
- 1Y41.5%
- YTD14.6%
Over the last 7 days, the Tech industry has remained flat, although notably Micro-Mechanics (Holdings) gained 21%. The past year has been better, since the industry has gained 42% in that time. Looking forward, earnings are forecast to grow by 16% annually.
Sector Valuation and Performance
Has the Singaporean Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Apr 2026 | S$12.6b | S$11.8b | S$535.3m | 17.2x | 23.5x | 1.1x |
| Sat, 28 Feb 2026 | S$12.2b | S$11.2b | S$469.4m | 19.8x | 26x | 1.1x |
| Mon, 26 Jan 2026 | S$11.5b | S$11.1b | S$459.3m | 20.1x | 25.1x | 1x |
| Wed, 24 Dec 2025 | S$10.2b | S$9.3b | S$427.5m | 18.6x | 23.8x | 1.1x |
| Fri, 21 Nov 2025 | S$10.0b | S$9.3b | S$430.7m | 19.5x | 23.2x | 1.1x |
| Sun, 19 Oct 2025 | S$9.5b | S$9.3b | S$415.4m | 19.3x | 22.9x | 1x |
| Tue, 16 Sep 2025 | S$9.5b | S$9.5b | S$422.0m | 19.9x | 22.5x | 1x |
| Thu, 14 Aug 2025 | S$9.1b | S$9.4b | S$392.8m | 19.2x | 23.1x | 1x |
| Sat, 12 Jul 2025 | S$8.3b | S$9.6b | S$407.3m | 18.7x | 20.5x | 0.9x |
| Mon, 09 Jun 2025 | S$7.6b | S$9.7b | S$392.7m | 18x | 19.3x | 0.8x |
| Wed, 07 May 2025 | S$7.2b | S$9.6b | S$390.3m | 16.4x | 18.4x | 0.7x |
| Fri, 04 Apr 2025 | S$7.7b | S$9.8b | S$396.7m | 16.5x | 19.4x | 0.8x |
| Sun, 02 Mar 2025 | S$8.0b | S$10.3b | S$390.2m | 11.7x | 20.4x | 0.8x |
| Tue, 28 Jan 2025 | S$7.9b | S$10.2b | S$384.3m | 13.2x | 20.4x | 0.8x |
| Thu, 26 Dec 2024 | S$8.9b | S$10.5b | S$414.2m | 14.9x | 21.4x | 0.8x |
| Sat, 23 Nov 2024 | S$8.9b | S$10.5b | S$408.3m | 14.8x | 21.8x | 0.8x |
| Mon, 21 Oct 2024 | S$9.4b | S$10.6b | S$421.9m | 15.8x | 22.3x | 0.9x |
| Wed, 18 Sep 2024 | S$9.4b | S$10.6b | S$415.0m | 17.4x | 22.6x | 0.9x |
| Fri, 16 Aug 2024 | S$9.1b | S$10.7b | S$436.1m | 12.1x | 20.9x | 0.9x |
| Sun, 14 Jul 2024 | S$9.8b | S$10.7b | S$414.5m | 16x | 23.8x | 0.9x |
| Tue, 11 Jun 2024 | S$9.5b | S$10.7b | S$425.6m | 14.8x | 22.2x | 0.9x |
| Thu, 09 May 2024 | S$9.4b | S$10.8b | S$456.2m | 11.7x | 20.6x | 0.9x |
| Sat, 06 Apr 2024 | S$9.5b | S$10.9b | S$448.5m | 11.2x | 21.2x | 0.9x |
| Mon, 04 Mar 2024 | S$9.4b | S$10.9b | S$480.3m | 11.6x | 19.6x | 0.9x |
| Wed, 31 Jan 2024 | S$9.5b | S$13.7b | S$493.1m | 14x | 19.3x | 0.7x |
| Fri, 29 Dec 2023 | S$9.9b | S$13.6b | S$494.4m | 14.2x | 20.1x | 0.7x |
| Sun, 26 Nov 2023 | S$9.6b | S$13.8b | S$513.3m | 14x | 18.8x | 0.7x |
| Tue, 24 Oct 2023 | S$9.1b | S$14.3b | S$614.4m | 12.2x | 14.8x | 0.6x |
| Thu, 21 Sep 2023 | S$9.6b | S$14.2b | S$607.4m | 13.4x | 15.9x | 0.7x |
| Sat, 19 Aug 2023 | S$9.5b | S$14.4b | S$592.4m | 14.7x | 16x | 0.7x |
| Mon, 17 Jul 2023 | S$10.3b | S$14.9b | S$687.4m | 12.3x | 15x | 0.7x |
| Wed, 14 Jun 2023 | S$10.2b | S$14.9b | S$686.8m | 12.2x | 14.8x | 0.7x |
| Fri, 12 May 2023 | S$10.3b | S$15.2b | S$733.4m | 10.6x | 14.1x | 0.7x |
| Sun, 09 Apr 2023 | S$11.1b | S$15.2b | S$742.7m | 10.5x | 14.9x | 0.7x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are optimistic on the Singaporean Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.9x which is higher than its 3-year average PE of 20.3x.
- The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 10% per year over the last three years,
- Revenues have also declined 7.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Singaporean Tech sector?
| SG Market | 0.54% | |
| Tech | 0.17% | |
| Semiconductors | 2.96% | |
| Communications | 0.32% | |
| Software | 0% | 0 |
| Electronic Equipment and Components | -0.19% | |
| IT | -2.88% | |
| Tech Hardware | -3.30% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 28.2x.
- Analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings growth of 17.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 51% over the next 5 years.
- However this is lower than its past earnings growth rate of 301% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 6.4% 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 | |
|---|---|---|---|---|---|
| 5DD Micro-Mechanics (Holdings) | S$2.49 | 20.9% +S$59.8m | 53.7% | PE26.2x | |
| 9MT MetaOptics | S$0.69 | 33.7% +S$42.5m | n/a | PS214.2x | |
| BN2 Valuetronics Holdings | S$0.92 | 2.8% +S$11.0m | 32.4% | PE14.3x | |
| AYV Acma | S$0.32 | 100.0% +S$8.1m | 1,291.3% | PS2.1x | |
| 8AZ Aztech Global | S$0.82 | 1.2% +S$7.7m | 5.8% | PE15.8x |
