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Singaporean (SGX) Utilities Sector Analysis

UpdatedNov 10, 2025
DataAggregated Company Financials
Companies11
  • 7D-2.4%
  • 3M-1.1%
  • 1Y23.2%
  • YTD14.3%

Over the last 7 days, the Utilities industry has dropped 2.4%, driven by a pullback from Sembcorp Industries of 2.8%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 7.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Nov 2025S$14.1bS$10.4bS$1.5b6.7x9.3x1.3x
Wed, 08 Oct 2025S$14.1bS$10.4bS$1.5b6.7x9.3x1.4x
Fri, 05 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9x1.3x
Sun, 03 Aug 2025S$16.1bS$10.6bS$1.4b5.8x11.8x1.5x
Tue, 01 Jul 2025S$14.7bS$10.6bS$1.4b7.6x10.8x1.4x
Thu, 29 May 2025S$14.3bS$10.7bS$1.4b8.5x10.5x1.3x
Sat, 26 Apr 2025S$13.9bS$10.7bS$1.4b7.1x10.2x1.3x
Mon, 24 Mar 2025S$13.8bS$10.8bS$1.4b7.6x10.1x1.3x
Wed, 19 Feb 2025S$12.3bS$10.8bS$1.2b8.7x9.9x1.1x
Fri, 17 Jan 2025S$12.4bS$10.8bS$1.2b9.1x10x1.1x
Sun, 15 Dec 2024S$12.3bS$10.8bS$1.2b8.2x9.9x1.1x
Tue, 12 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9x1.1x
Thu, 10 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.8x1.1x
Sat, 07 Sep 2024S$11.0bS$10.8bS$1.3b6.4x8.7x1x
Mon, 05 Aug 2024S$10.8bS$11.3bS$1.4b5.9x7.8x1x
Wed, 03 Jul 2024S$11.1bS$11.4bS$1.4b8.1x7.9x1x
Fri, 31 May 2024S$11.7bS$10.7bS$1.4b9x8.6x1.1x
Sun, 28 Apr 2024S$12.1bS$10.8bS$1.4b9.3x8.9x1.1x
Tue, 26 Mar 2024S$11.7bS$10.8bS$1.4b8x8.6x1.1x
Thu, 22 Feb 2024S$12.2bS$11.0bS$1.5b4.5x8.3x1.1x
Sat, 20 Jan 2024S$14.8bS$13.7bS$1.4b7.4x10.4x1.1x
Mon, 18 Dec 2023S$14.2bS$13.7bS$1.4b6.8x10x1x
Wed, 15 Nov 2023S$13.8bS$13.7bS$1.4b6.6x9.7x1x
Fri, 13 Oct 2023S$13.6bS$13.7bS$1.4b6.6x9.7x1x
Sun, 10 Sep 2023S$14.3bS$13.7bS$1.4b7.1x10.2x1x
Tue, 08 Aug 2023S$16.0bS$13.7bS$1.3b5.8x12.1x1.2x
Thu, 06 Jul 2023S$15.4bS$13.8bS$1.1b6.7x14.3x1.1x
Sat, 03 Jun 2023S$14.4bS$13.8bS$1.1b7x13.4x1x
Mon, 01 May 2023S$12.7bS$13.8bS$1.1b6.5x11.9x0.9x
Wed, 29 Mar 2023S$12.7bS$13.8bS$1.1b7x11.8x0.9x
Fri, 24 Feb 2023S$11.9bS$13.9bS$1.0b11.3x11.7x0.9x
Sun, 22 Jan 2023S$11.3bS$15.1bS$1.0b7.6x10.8x0.7x
Tue, 20 Dec 2022S$11.1bS$15.2bS$1.1b9x10.5x0.7x
Thu, 17 Nov 2022S$10.2bS$15.2bS$1.0b7x9.7x0.7x
Price to Earnings Ratio

9.7x


Total Market Cap: S$10.2bTotal Earnings: S$1.0bTotal Revenue: S$15.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio 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 Market1.17%
Utilities-2.41%
Renewable Energy-0.38%
Gas Utilities-1.24%
Water Utilities-1.50%
Other Utilities-2.66%
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 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • This is better than its past earnings growth rate of 6.1% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 7.4% 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
YSV Charisma Energy ServicesS$0.1135.4%
+S$7.9m
n/aPE0.6x
BWM Zheneng Jinjiang Environment HoldingS$0.451.1%
+S$7.2m
12.5%PE4.8x
BEH China International HoldingsS$0.04711.9%
+S$392.0k
-6.0%PS0.2x