Singaporean (SGX) Water Industry Analysis

UpdatedOct 01, 2025

DataAggregated Company Financials

Companies4

7D1.4%
3M20.5%
1Y11.6%
YTDn/a

Over the last 7 days, the Water industry has remained flat, although notably Sunpower Group gained 4.4%. The past year has been better, since the industry has gained 17% in that time.

Industry Valuation and Performance

Has the Singaporean Water Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 01 Oct 2025	S$1.6b	S$3.1b	S$304.4m	4.3x	5.1x	0.5x
Fri, 29 Aug 2025	S$1.5b	S$3.1b	S$302.3m	4.3x	4.8x	0.5x
Sun, 27 Jul 2025	S$1.3b	S$3.1b	S$279.0m	4.2x	4.7x	0.4x
Tue, 24 Jun 2025	S$1.3b	S$3.1b	S$281.4m	4.1x	4.5x	0.4x
Thu, 22 May 2025	S$1.3b	S$3.1b	S$280.7m	3.8x	4.5x	0.4x
Sat, 19 Apr 2025	S$1.3b	S$3.2b	S$282.3m	4x	4.5x	0.4x
Mon, 17 Mar 2025	S$1.2b	S$3.2b	S$287.9m	3.8x	4.3x	0.4x
Wed, 12 Feb 2025	S$1.3b	S$3.1b	S$288.4m	4x	4.4x	0.4x
Fri, 10 Jan 2025	S$1.3b	S$3.1b	S$291.2m	4.1x	4.4x	0.4x
Sun, 08 Dec 2024	S$1.3b	S$3.1b	S$286.3m	4.2x	4.6x	0.4x
Tue, 05 Nov 2024	S$1.4b	S$3.1b	S$307.6m	4.1x	4.5x	0.4x
Thu, 03 Oct 2024	S$1.4b	S$3.1b	S$302.0m	4x	4.6x	0.5x
Sat, 31 Aug 2024	S$1.2b	S$3.1b	S$304.0m	3.8x	4x	0.4x
Mon, 29 Jul 2024	S$1.3b	S$3.2b	S$335.6m	4x	4x	0.4x
Wed, 26 Jun 2024	S$1.4b	S$3.2b	S$338.0m	4x	4.1x	0.4x
Fri, 24 May 2024	S$1.2b	S$2.5b	S$299.6m	3.8x	3.9x	0.5x
Sun, 21 Apr 2024	S$1.1b	S$2.6b	S$306.1m	3.4x	3.4x	0.4x
Tue, 19 Mar 2024	S$1.1b	S$2.6b	S$301.7m	3.5x	3.6x	0.4x
Thu, 15 Feb 2024	S$1.1b	S$2.8b	S$353.0m	3.2x	3.2x	0.4x
Sat, 13 Jan 2024	S$1.1b	S$2.7b	S$348.7m	3.1x	3.1x	0.4x
Mon, 11 Dec 2023	S$1.1b	S$2.8b	S$351.6m	3x	3x	0.4x
Wed, 08 Nov 2023	S$1.1b	S$2.7b	S$352.3m	3x	3.1x	0.4x
Fri, 06 Oct 2023	S$1.1b	S$2.7b	S$355.2m	2.9x	3x	0.4x
Sun, 03 Sep 2023	S$1.1b	S$2.7b	S$351.8m	3x	3.2x	0.4x
Tue, 01 Aug 2023	S$1.1b	S$2.7b	S$325.0m	3.5x	3.5x	0.4x
Thu, 29 Jun 2023	S$1.1b	S$2.8b	S$327.7m	3.4x	3.5x	0.4x
Sat, 27 May 2023	S$1.1b	S$2.8b	S$331.5m	3.5x	3.4x	0.4x
Mon, 24 Apr 2023	S$1.1b	S$2.8b	S$335.8m	3.3x	3.4x	0.4x
Wed, 22 Mar 2023	S$1.1b	S$2.8b	S$336.6m	3.3x	3.3x	0.4x
Fri, 17 Feb 2023	S$1.2b	S$2.8b	S$335.6m	3.5x	3.6x	0.4x
Sun, 15 Jan 2023	S$1.2b	S$2.8b	S$335.4m	3.5x	3.7x	0.4x
Tue, 13 Dec 2022	S$1.2b	S$2.8b	S$339.5m	3.4x	3.5x	0.4x
Thu, 10 Nov 2022	S$1.1b	S$2.8b	S$339.5m	3.2x	3.3x	0.4x
Sat, 08 Oct 2022	S$1.2b	S$2.9b	S$348.6m	3.2x	3.3x	0.4x

Price to Earnings Ratio

3.3x

Sat, 08 Oct 2022

Current Industry PE

Investors are optimistic on the Singaporean Water Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 5.1x which is higher than its 3-year average PE of 3.8x.

The industry is trading close to its 3-year average PS ratio of 0.42x.

Past Earnings Growth

The earnings for companies in the Water Utilities industry have declined 4.4% per year over the last three years.
Meanwhile revenues for these companies have grown 2.5% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.