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Singaporean (SGX) Utilities Sector Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies10
  • 7D4.3%
  • 3M-1.6%
  • 1Y0.8%
  • YTD-1.5%

Over the last 7 days, the Utilities industry has risen 4.3%, driven by gains from Sembcorp Industries of 5.6%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026S$13.6bS$10.6bS$1.0b7.1x13x1.3x
Sat, 18 Jul 2026S$12.4bS$9.8bS$1.5b6.6x8.2x1.3x
Mon, 15 Jun 2026S$13.7bS$9.8bS$1.5b6.5x9.1x1.4x
Wed, 13 May 2026S$14.0bS$9.8bS$1.5b7.1x9.4x1.4x
Fri, 10 Apr 2026S$15.0bS$9.8bS$1.5b6.7x10.1x1.5x
Sun, 08 Mar 2026S$13.1bS$9.8bS$1.5b6.8x8.8x1.3x
Tue, 03 Feb 2026S$13.5bS$10.4bS$1.5b4.9x8.9x1.3x
Thu, 01 Jan 2026S$13.6bS$10.4bS$1.5b5.9x9x1.3x
Sat, 29 Nov 2025S$13.8bS$10.4bS$1.5b4.6x9.1x1.3x
Mon, 27 Oct 2025S$14.2bS$10.4bS$1.5b4.8x9.4x1.4x
Wed, 24 Sep 2025S$13.7bS$10.4bS$1.5b6.7x9.1x1.3x
Fri, 22 Aug 2025S$13.6bS$10.3bS$1.5b9x9x1.3x
Sun, 20 Jul 2025S$16.4bS$10.6bS$1.4b5.9x12x1.5x
Tue, 17 Jun 2025S$15.0bS$10.6bS$1.4b5.9x11x1.4x
Thu, 15 May 2025S$14.2bS$10.7bS$1.4b7.6x10.3x1.3x
Sat, 12 Apr 2025S$13.4bS$10.7bS$1.4b7.4x9.8x1.2x
Mon, 10 Mar 2025S$13.7bS$10.8bS$1.4b8.3x10.1x1.3x
Wed, 05 Feb 2025S$12.1bS$10.8bS$1.2b8.7x9.7x1.1x
Fri, 03 Jan 2025S$12.3bS$10.8bS$1.2b9x9.9x1.1x
Sun, 01 Dec 2024S$11.7bS$10.8bS$1.2b8.2x9.5x1.1x
Tue, 29 Oct 2024S$11.9bS$10.8bS$1.3b6.4x9.4x1.1x
Thu, 26 Sep 2024S$12.1bS$10.8bS$1.3b6.4x9.7x1.1x
Sat, 24 Aug 2024S$10.7bS$10.8bS$1.3b8.7x8.4x1x
Mon, 22 Jul 2024S$10.9bS$11.3bS$1.4b8.1x7.8x1x
Wed, 19 Jun 2024S$11.7bS$11.4bS$1.4b8.6x8.3x1x
Fri, 17 May 2024S$11.8bS$10.7bS$1.4b9.1x8.7x1.1x
Sun, 14 Apr 2024S$12.0bS$10.8bS$1.4b8.2x8.8x1.1x
Tue, 12 Mar 2024S$11.4bS$10.7bS$1.4b8.2x8.4x1.1x
Thu, 08 Feb 2024S$12.4bS$11.6bS$1.4b4.5x9x1.1x
Sat, 06 Jan 2024S$14.7bS$13.7bS$1.4b7.4x10.3x1.1x
Mon, 04 Dec 2023S$14.2bS$13.7bS$1.4b6.9x10x1x
Wed, 01 Nov 2023S$12.9bS$13.7bS$1.4b6.4x9.2x0.9x
Fri, 29 Sep 2023S$14.0bS$13.7bS$1.4b6.7x9.9x1x
Sun, 27 Aug 2023S$14.8bS$13.7bS$1.4b7.7x10.6x1.1x
Price to Earnings Ratio

10.6x


Total Market Cap: S$14.8bTotal Earnings: S$1.4bTotal Revenue: S$13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 9.5x202420252026
Current Industry PE
  • Investors are optimistic on the Singaporean Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 9.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 9.4% per year over the last three years,
  • Revenues have also declined 8.0% 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 Utilities sector?

SG Market-0.46%
Utilities4.34%
Gas Utilities7.45%
Other Utilities5.33%
Renewable Energy0.26%
Electric Utilities0%0
Water Utilities-0.51%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 11.2x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 41.3% per year.
  • Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.3x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 16% 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
U96 Sembcorp IndustriesS$6.058.2%
+S$818.9m
-0.5%PE18x
5IG Gallant VentureS$0.0581.8%
+S$5.5m
-31.8%PS1.4x

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