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Singaporean (SGX) Utilities Sector Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies11
  • 7D1.3%
  • 3M0.3%
  • 1Y0.2%
  • YTD-3.9%

Over the last 7 days, the Utilities industry has risen 1.3%, driven by gains from Sembcorp Industries of 1.6%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 5.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026S$13.2bS$9.8bS$1.5b7.1x8.9x1.4x
Sat, 07 Feb 2026S$13.7bS$10.4bS$1.5b5.9x9x1.3x
Mon, 05 Jan 2026S$13.8bS$10.4bS$1.5b5.9x9.1x1.3x
Wed, 03 Dec 2025S$13.7bS$10.4bS$1.5b5.9x9x1.3x
Fri, 31 Oct 2025S$14.3bS$10.4bS$1.5b6.7x9.5x1.4x
Sun, 28 Sep 2025S$13.4bS$10.4bS$1.5b6.7x8.9x1.3x
Tue, 26 Aug 2025S$13.7bS$10.4bS$1.5b6.7x9.1x1.3x
Thu, 24 Jul 2025S$16.6bS$10.6bS$1.4b5.9x12.1x1.6x
Sat, 21 Jun 2025S$14.9bS$10.7bS$1.4b5.3x10.9x1.4x
Mon, 19 May 2025S$14.2bS$10.7bS$1.4b7.6x10.3x1.3x
Wed, 16 Apr 2025S$13.3bS$10.7bS$1.4b5.6x9.8x1.2x
Fri, 14 Mar 2025S$13.3bS$10.8bS$1.4b8x9.7x1.2x
Sun, 09 Feb 2025S$12.2bS$10.8bS$1.2b8.9x9.8x1.1x
Tue, 07 Jan 2025S$12.4bS$10.8bS$1.2b8.2x10x1.1x
Thu, 05 Dec 2024S$12.3bS$10.8bS$1.2b9x9.9x1.1x
Sat, 02 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9x1.1x
Mon, 30 Sep 2024S$12.4bS$10.8bS$1.3b6.4x9.9x1.2x
Wed, 28 Aug 2024S$10.6bS$10.8bS$1.3b8.8x8.4x1x
Fri, 26 Jul 2024S$10.9bS$11.4bS$1.4b5.9x7.8x1x
Sun, 23 Jun 2024S$11.8bS$11.4bS$1.4b8.6x8.4x1x
Tue, 21 May 2024S$11.9bS$10.7bS$1.4b9.2x8.7x1.1x
Thu, 18 Apr 2024S$11.7bS$10.8bS$1.4b9x8.5x1.1x
Sat, 16 Mar 2024S$11.4bS$10.7bS$1.4b8.3x8.4x1.1x
Mon, 12 Feb 2024S$12.2bS$11.6bS$1.4b4.5x8.9x1x
Wed, 10 Jan 2024S$15.1bS$13.7bS$1.4b7.6x10.6x1.1x
Fri, 08 Dec 2023S$13.6bS$13.7bS$1.4b6.6x9.6x1x
Sun, 05 Nov 2023S$13.6bS$13.7bS$1.4b6.6x9.7x1x
Tue, 03 Oct 2023S$14.1bS$13.7bS$1.4b6.7x10x1x
Thu, 31 Aug 2023S$15.0bS$13.7bS$1.4b7.8x10.7x1.1x
Sat, 29 Jul 2023S$15.2bS$13.9bS$1.1b6.4x13.7x1.1x
Mon, 26 Jun 2023S$14.8bS$13.8bS$1.1b6.6x13.9x1.1x
Wed, 24 May 2023S$13.8bS$13.8bS$1.1b7x13x1x
Fri, 21 Apr 2023S$12.7bS$13.8bS$1.1b6.7x11.8x0.9x
Sun, 19 Mar 2023S$12.5bS$13.8bS$1.1b9.2x11.6x0.9x
Price to Earnings Ratio

11.6x


Total Market Cap: S$12.5bTotal Earnings: S$1.1bTotal Revenue: S$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10x202420252026
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 8.9x which is lower than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Meanwhile revenues for these companies have declined 11% 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 Market1.25%
Utilities1.34%
Gas Utilities3.76%
Other Utilities1.48%
Renewable Energy1.00%
Water Utilities0.36%
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 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.9% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.9% 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$5.771.6%
+S$160.0m		-5.3%PE10.4x
BWM Zheneng Jinjiang Environment HoldingS$0.602.5%
+S$21.5m		39.1%PE6.5x
U9E China Everbright WaterS$0.232.2%
+S$14.3m		-2.1%PE4.9x
I11 Renaissance UnitedS$0.002100.0%
+S$6.2m		100.0%PS0.2x
5IG Gallant VentureS$0.0621.6%
+S$5.5m		-16.2%PE33.8x

Latest News

YSV
S$0.11
Khen Energy
7D
5.8%
1Y
n/a
U96
S$5.77
Sembcorp Industries
7D
1.6%
1Y
-5.3%
BHK
S$0.18
SIIC Environment Holdings
7D
1.1%
1Y
14.6%
BEH
S$0.035
China International Holdings
7D
-5.4%
1Y
-16.7%
5GD
S$0.49
Sunpower Group
7D
1.0%
1Y
117.8%
5IG
S$0.062
Gallant Venture
7D
1.6%
1Y
-16.2%
U9E
S$0.23
China Everbright Water
7D
2.2%
1Y
-2.1%
1F2
S$0.35
Union Gas Holdings
7D
-2.7%
1Y
12.7%
BWM
S$0.60
Zheneng Jinjiang Environment Holding
7D
2.5%
1Y
39.1%
I11
S$0.002
Renaissance United
7D
100.0%
1Y
100.0%

Renaissance United Limited's (SGX:I11) Shares Bounce 100% But Its Business Still Trails The Industry

Jan 14
Renaissance United Limited's (SGX:I11) Shares Bounce 100% But Its Business Still Trails The Industry