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Singaporean (SGX) Market Analysis & Valuation
UpdatedAug 06, 2025
DataAggregated Company Financials
Companies511
- 7D-0.7%
- 3M9.9%
- 1Y28.8%
- YTD12.1%
In the last week, the market has been flat. As for the longer term, the market has risen 29% in the past 12 months. Looking forward, earnings are forecast to grow by 7.2% annually.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Singaporean Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 Aug 2025 | S$798.2b | S$543.3b | S$52.3b | 14.1x | 15.3x | 1.5x |
| Fri, 04 Jul 2025 | S$759.2b | S$540.8b | S$51.3b | 12.9x | 14.8x | 1.4x |
| Sun, 01 Jun 2025 | S$732.4b | S$548.5b | S$51.4b | 12.5x | 14.2x | 1.3x |
| Tue, 29 Apr 2025 | S$722.2b | S$552.0b | S$47.5b | 11.5x | 15.2x | 1.3x |
| Thu, 27 Mar 2025 | S$742.1b | S$555.9b | S$47.6b | 11.9x | 15.6x | 1.3x |
| Sat, 22 Feb 2025 | S$732.8b | S$544.1b | S$46.2b | 11.9x | 15.9x | 1.3x |
| Mon, 20 Jan 2025 | S$715.9b | S$547.8b | S$43.6b | 11.9x | 16.4x | 1.3x |
| Wed, 18 Dec 2024 | S$714.8b | S$545.9b | S$43.6b | 11.6x | 16.4x | 1.3x |
| Fri, 15 Nov 2024 | S$707.6b | S$542.5b | S$43.5b | 11.6x | 16.3x | 1.3x |
| Sun, 13 Oct 2024 | S$696.3b | S$534.4b | S$44.0b | 11.6x | 15.8x | 1.3x |
| Tue, 10 Sep 2024 | S$689.1b | S$545.0b | S$44.7b | 11.1x | 15.4x | 1.3x |
| Thu, 08 Aug 2024 | S$647.8b | S$543.7b | S$44.2b | 11.1x | 14.7x | 1.2x |
| Sat, 06 Jul 2024 | S$671.7b | S$547.7b | S$44.6b | 11.9x | 15.1x | 1.2x |
| Mon, 03 Jun 2024 | S$661.5b | S$548.2b | S$44.5b | 11.8x | 14.9x | 1.2x |
| Wed, 01 May 2024 | S$655.2b | S$547.5b | S$46.6b | 12.1x | 14.1x | 1.2x |
| Fri, 29 Mar 2024 | S$645.7b | S$546.0b | S$47.1b | 11.8x | 13.7x | 1.2x |
| Sun, 25 Feb 2024 | S$641.2b | S$550.2b | S$49.5b | 11.8x | 12.9x | 1.2x |
| Tue, 23 Jan 2024 | S$644.2b | S$571.7b | S$52.0b | 12.2x | 12.4x | 1.1x |
| Thu, 21 Dec 2023 | S$643.5b | S$570.6b | S$52.2b | 12.6x | 12.3x | 1.1x |
| Sat, 18 Nov 2023 | S$647.3b | S$574.0b | S$52.5b | 12.1x | 12.3x | 1.1x |
| Mon, 16 Oct 2023 | S$664.0b | S$574.9b | S$52.5b | 12.5x | 12.7x | 1.2x |
| Wed, 13 Sep 2023 | S$674.4b | S$573.8b | S$52.5b | 12.9x | 12.9x | 1.2x |
| Fri, 11 Aug 2023 | S$697.0b | S$582.3b | S$56.4b | 12x | 12.4x | 1.2x |
| Sun, 09 Jul 2023 | S$673.2b | S$578.7b | S$56.8b | 11.8x | 11.9x | 1.2x |
| Tue, 06 Jun 2023 | S$679.9b | S$579.9b | S$56.9b | 11.3x | 12x | 1.2x |
| Thu, 04 May 2023 | S$700.5b | S$570.6b | S$54.3b | 11.6x | 12.9x | 1.2x |
| Sat, 01 Apr 2023 | S$700.9b | S$568.8b | S$54.1b | 11.6x | 13x | 1.2x |
| Mon, 27 Feb 2023 | S$700.3b | S$564.5b | S$58.1b | 11.3x | 12.1x | 1.2x |
| Wed, 25 Jan 2023 | S$707.5b | S$558.8b | S$58.1b | 10.6x | 12.2x | 1.3x |
| Fri, 23 Dec 2022 | S$699.1b | S$561.8b | S$57.8b | 10.3x | 12.1x | 1.2x |
| Sun, 20 Nov 2022 | S$696.9b | S$564.1b | S$57.7b | 10.2x | 12.1x | 1.2x |
| Tue, 18 Oct 2022 | S$653.0b | S$562.3b | S$54.7b | 10.3x | 11.9x | 1.2x |
| Thu, 15 Sep 2022 | S$709.0b | S$560.3b | S$54.7b | 10.8x | 13x | 1.3x |
| Sat, 13 Aug 2022 | S$714.7b | S$543.5b | S$51.2b | 11.4x | 14x | 1.3x |
Price to Earnings Ratio
14x
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 15.3x which is higher than its 3-year average PE of 13.7x.
Past Earnings Growth
- Both revenue and earnings for Singaporean listed companies have remained mostly flat over the last three years.
- This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Sector Trends
Which sectors have driven the changes within the Singaporean Market?
| SG Market | -0.67% | |
| Utilities | 1.41% | |
| Tech | 1.05% | |
| Consumer Discretionary | -0.35% | |
| Financials | -0.37% | |
| Industrials | -0.46% | |
| Telecom | -0.79% | |
| Consumer Staples | -1.29% | |
| Real Estate | -1.38% | |
| Healthcare | -1.45% | |
| Materials | -1.93% | |
| Energy | -2.16% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings growth of 4.2% 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 7.3x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| D05 DBS Group Holdings | S$48.85 | 1.2% +S$1.7b | 45.2% | PB2x | Financials | |
| BN4 Keppel | S$8.54 | 4.4% +S$648.2m | 42.8% | PE17.1x | Industrials | |
| S68 Singapore Exchange | S$16.28 | 3.6% +S$609.3m | 66.3% | PE26.5x | Financials | |
| S63 Singapore Technologies Engineering | S$8.89 | 1.8% +S$499.4m | 108.2% | PE39.5x | Industrials | |
| Z74 Singapore Telecommunications | S$4.01 | 0.3% +S$165.2m | 38.3% | PE16.5x | Telecom |
