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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 29, 2025
DataAggregated Company Financials
Companies514
  • 7D1.0%
  • 3M4.8%
  • 1Y18.4%
  • YTD4.1%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 18% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Singaporean Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Mar 2025S$746.0bS$556.6bS$47.6b11.8x15.7x1.3x
Mon, 24 Feb 2025S$732.8bS$547.5bS$47.6b12x15.4x1.3x
Wed, 22 Jan 2025S$715.0bS$546.7bS$43.6b11.9x16.4x1.3x
Fri, 20 Dec 2024S$708.7bS$547.0bS$43.6b11.5x16.3x1.3x
Sun, 17 Nov 2024S$707.9bS$541.9bS$43.6b11.6x16.2x1.3x
Tue, 15 Oct 2024S$696.3bS$534.4bS$44.0b11.6x15.8x1.3x
Thu, 12 Sep 2024S$694.9bS$541.3bS$44.9b11.1x15.5x1.3x
Sat, 10 Aug 2024S$649.4bS$543.6bS$44.3b11x14.6x1.2x
Mon, 08 Jul 2024S$671.8bS$547.5bS$44.6b11.9x15.1x1.2x
Wed, 05 Jun 2024S$662.7bS$547.6bS$44.5b11.8x14.9x1.2x
Fri, 03 May 2024S$655.1bS$547.4bS$47.1b11.8x13.9x1.2x
Sun, 31 Mar 2024S$645.8bS$545.7bS$47.1b11.8x13.7x1.2x
Tue, 27 Feb 2024S$637.9bS$550.2bS$49.5b11.9x12.9x1.2x
Thu, 25 Jan 2024S$644.9bS$571.4bS$51.9b12.2x12.4x1.1x
Sat, 23 Dec 2023S$648.8bS$569.6bS$52.1b12.6x12.4x1.1x
Mon, 20 Nov 2023S$647.3bS$573.8bS$52.5b12.1x12.3x1.1x
Wed, 18 Oct 2023S$663.9bS$574.9bS$52.5b12.5x12.6x1.2x
Fri, 15 Sep 2023S$678.7bS$573.5bS$52.4b12.8x12.9x1.2x
Sun, 13 Aug 2023S$692.6bS$574.3bS$54.5b12.6x12.7x1.2x
Tue, 11 Jul 2023S$674.5bS$578.9bS$56.8b11.6x11.9x1.2x
Thu, 08 Jun 2023S$678.4bS$579.0bS$56.8b11.3x11.9x1.2x
Sat, 06 May 2023S$702.1bS$570.6bS$54.8b11.6x12.8x1.2x
Mon, 03 Apr 2023S$700.9bS$569.1bS$54.1b11.6x13x1.2x
Wed, 01 Mar 2023S$695.7bS$571.0bS$58.6b11x11.9x1.2x
Fri, 27 Jan 2023S$724.0bS$557.4bS$58.0b10.7x12.5x1.3x
Sun, 25 Dec 2022S$697.1bS$562.1bS$57.8b10.4x12.1x1.2x
Tue, 22 Nov 2022S$693.1bS$564.7bS$58.3b10.2x11.9x1.2x
Thu, 20 Oct 2022S$648.6bS$561.8bS$54.7b9.9x11.9x1.2x
Sat, 17 Sep 2022S$709.4bS$560.5bS$54.7b10.7x13x1.3x
Mon, 15 Aug 2022S$714.7bS$550.5bS$54.0b11.1x13.2x1.3x
Wed, 13 Jul 2022S$692.3bS$534.1bS$47.6b11.3x14.5x1.3x
Fri, 10 Jun 2022S$697.0bS$529.9bS$47.8b11.7x14.6x1.3x
Sun, 08 May 2022S$717.1bS$527.0bS$46.5b12.1x15.4x1.4x
Tue, 05 Apr 2022S$736.9bS$524.1bS$45.7b12.1x16.1x1.4x
Price to Earnings Ratio

16.1x


Total Market Cap: S$736.9bTotal Earnings: S$45.7bTotal Revenue: S$524.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.8x202320242025
Current Market PE
  • Investors are optimistic on the Singaporean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.7x which is higher than its 3-year average PE of 13.8x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.0% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market0.97%
Financials1.88%
Consumer Staples1.06%
Real Estate0.61%
Telecom0.36%
Materials0.27%
Industrials0.21%
Healthcare0.17%
Utilities-0.15%
Energy-0.47%
Consumer Discretionary-0.68%
Tech-0.97%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 29.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.5% which is higher than its past year's earnings decline of 18.1% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
D05 DBS Group HoldingsS$46.472.6%
+S$3.3b
41.9%PB1.9xFinancials
O39 Oversea-Chinese BankingS$17.301.9%
+S$1.4b
28.2%PB1.3xFinancials
S63 Singapore Technologies EngineeringS$6.792.6%
+S$529.0m
68.9%PE30.1xIndustrials
9CI CapitaLand InvestmentS$2.743.0%
+S$399.1m
2.2%PE28.5xReal Estate
F34 Wilmar InternationalS$3.351.8%
+S$374.6m
-2.3%PE13.3xConsumer Staples
See more
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D05

S$46.47

DBS Group Holdings

7D

2.6%

1Y

41.9%

F34

S$3.35

Wilmar International

7D

1.8%

1Y

-2.3%

V03

S$12.35

Venture

7D

-3.0%

1Y

-13.5%

A26

S$0.32

Sinarmas Land

7D

23.1%

1Y

97.5%

O39

S$17.30

Oversea-Chinese Banking

7D

1.9%

1Y

28.2%

D01

US$2.39

DFI Retail Group Holdings

7D

6.2%

1Y

11.2%

G13

S$0.75

Genting Singapore

7D

-2.0%

1Y

-15.3%

M44U

S$1.31

Mapletree Logistics Trust

7D

-0.8%

1Y

-10.3%

S68

S$13.37

Singapore Exchange

7D

2.1%

1Y

45.2%

J91U

S$0.24

ESR-REIT

7D

-4.0%

1Y

-18.6%