Singaporean (SGX) Utilities Sector Analysis

UpdatedNov 21, 2025

DataAggregated Company Financials

Companies11

7D-3.6%
3M1.7%
1Y18.0%
YTD12.9%

Over the last 7 days, the Utilities industry has dropped 3.6%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 6.1% annually.

Sector Valuation and Performance

Has the Singaporean Utilities Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 22 Nov 2025	S$13.9b	S$10.4b	S$1.5b	5.9x	9.1x	1.3x
Mon, 20 Oct 2025	S$13.8b	S$10.4b	S$1.5b	4.8x	9.1x	1.3x
Wed, 17 Sep 2025	S$13.7b	S$10.3b	S$1.5b	4.9x	9.1x	1.3x
Fri, 15 Aug 2025	S$13.9b	S$10.3b	S$1.5b	7.6x	9.5x	1.3x
Sun, 13 Jul 2025	S$15.7b	S$10.6b	S$1.4b	7.4x	11.5x	1.5x
Tue, 10 Jun 2025	S$14.6b	S$10.7b	S$1.4b	8.5x	10.7x	1.4x
Thu, 08 May 2025	S$14.2b	S$10.7b	S$1.4b	7.6x	10.4x	1.3x
Sat, 05 Apr 2025	S$13.9b	S$10.8b	S$1.4b	7.4x	10.1x	1.3x
Mon, 03 Mar 2025	S$13.3b	S$10.8b	S$1.3b	8x	10.3x	1.2x
Wed, 29 Jan 2025	S$12.1b	S$10.8b	S$1.2b	8.6x	9.7x	1.1x
Fri, 27 Dec 2024	S$12.1b	S$10.8b	S$1.2b	9x	9.7x	1.1x
Sun, 24 Nov 2024	S$11.8b	S$10.8b	S$1.2b	8.2x	9.5x	1.1x
Tue, 22 Oct 2024	S$12.4b	S$10.8b	S$1.3b	6.4x	9.8x	1.1x
Thu, 19 Sep 2024	S$11.8b	S$10.8b	S$1.3b	9.6x	9.4x	1.1x
Sat, 17 Aug 2024	S$10.7b	S$10.8b	S$1.3b	8.7x	8.4x	1x
Mon, 15 Jul 2024	S$11.3b	S$11.3b	S$1.4b	8.4x	8.1x	1x
Wed, 12 Jun 2024	S$11.7b	S$11.4b	S$1.4b	8.6x	8.3x	1x
Fri, 10 May 2024	S$11.6b	S$10.8b	S$1.4b	8.9x	8.5x	1.1x
Sun, 07 Apr 2024	S$12.2b	S$10.8b	S$1.4b	8.3x	8.9x	1.1x
Tue, 05 Mar 2024	S$11.4b	S$10.8b	S$1.4b	8.3x	8.4x	1.1x
Thu, 01 Feb 2024	S$15.3b	S$13.7b	S$1.5b	7.7x	10.4x	1.1x
Sat, 30 Dec 2023	S$14.6b	S$13.7b	S$1.4b	7.4x	10.3x	1.1x
Mon, 27 Nov 2023	S$14.0b	S$13.7b	S$1.4b	6.8x	9.9x	1x
Wed, 25 Oct 2023	S$12.9b	S$13.7b	S$1.4b	6.3x	9.2x	0.9x
Fri, 22 Sep 2023	S$14.1b	S$13.7b	S$1.4b	6.7x	10x	1x
Sun, 20 Aug 2023	S$14.8b	S$13.7b	S$1.4b	7.1x	10.5x	1.1x
Tue, 18 Jul 2023	S$15.0b	S$13.7b	S$1.1b	8.3x	14.1x	1.1x
Thu, 15 Jun 2023	S$15.4b	S$13.8b	S$1.1b	7.2x	14.4x	1.1x
Sat, 13 May 2023	S$13.3b	S$13.8b	S$1.1b	7x	12.5x	1x
Mon, 10 Apr 2023	S$12.9b	S$13.8b	S$1.1b	6.8x	12x	0.9x
Wed, 08 Mar 2023	S$11.9b	S$13.8b	S$1.1b	9.2x	11x	0.9x
Fri, 03 Feb 2023	S$11.8b	S$15.1b	S$1.0b	9.2x	11.3x	0.8x
Sun, 01 Jan 2023	S$11.2b	S$15.1b	S$1.0b	9.1x	10.7x	0.7x
Tue, 29 Nov 2022	S$10.8b	S$15.1b	S$1.1b	8.8x	10.2x	0.7x

Price to Earnings Ratio

10.2x

Tue, 29 Nov 2022

Current Industry PE

Investors are pessimistic on the Singaporean Utilities 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 9.1x which is lower than its 3-year average PE of 10.2x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
Meanwhile revenues for these companies have declined 12% 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 Utilities sector?


SG Market	-1.37%
Utilities	-3.63%
Renewable Energy	-0.16%
Gas Utilities	-2.50%
Other Utilities	-3.79%
Water Utilities	-3.93%

Industry PE

Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 8.2x.

Forecasted Growth

Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 6.1% over the next 5 years.
This is roughly in line with its past earnings growth rate.