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Singaporean (SGX) Market Analysis & Valuation

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies500
  • 7D-0.3%
  • 3M2.0%
  • 1Y26.0%
  • YTD5.9%

In the last week, the market has been flat. More promisingly, the market is up 26% over the past year. Earnings are forecast to grow by 7.0% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026S$950.4bS$535.4bS$58.2b14x16.3x1.8x
Tue, 12 May 2026S$954.6bS$531.7bS$60.0b14.5x15.9x1.8x
Thu, 09 Apr 2026S$958.3bS$532.2bS$60.4b14.4x15.9x1.8x
Sat, 07 Mar 2026S$927.7bS$536.2bS$58.9b14.4x15.8x1.7x
Mon, 02 Feb 2026S$928.8bS$561.2bS$55.7b15.2x16.7x1.7x
Wed, 31 Dec 2025S$886.3bS$561.7bS$55.2b14.8x16x1.6x
Fri, 28 Nov 2025S$865.4bS$563.6bS$55.1b14.8x15.7x1.5x
Sun, 26 Oct 2025S$852.3bS$564.6bS$56.5b14.8x15.1x1.5x
Tue, 23 Sep 2025S$829.6bS$562.3bS$56.3b14.5x14.7x1.5x
Thu, 21 Aug 2025S$801.2bS$554.4bS$55.2b13.8x14.5x1.4x
Sat, 19 Jul 2025S$793.4bS$542.7bS$51.0b13.3x15.5x1.5x
Mon, 16 Jun 2025S$737.9bS$542.7bS$51.3b12.5x14.4x1.4x
Wed, 14 May 2025S$731.6bS$551.4bS$47.7b12x15.4x1.3x
Fri, 11 Apr 2025S$680.5bS$555.4bS$47.6b11.1x14.3x1.2x
Sun, 09 Mar 2025S$733.5bS$554.5bS$48.4b11.9x15.1x1.3x
Tue, 04 Feb 2025S$718.6bS$547.7bS$43.5b12.1x16.5x1.3x
Thu, 02 Jan 2025S$714.5bS$548.2bS$43.7b11.8x16.4x1.3x
Sat, 30 Nov 2024S$708.1bS$544.3bS$43.5b11.7x16.3x1.3x
Mon, 28 Oct 2024S$697.4bS$536.7bS$43.9b11.8x15.9x1.3x
Wed, 25 Sep 2024S$713.8bS$540.1bS$44.9b11.3x15.9x1.3x
Fri, 23 Aug 2024S$669.9bS$547.1bS$44.9b10.9x14.9x1.2x
Sun, 21 Jul 2024S$681.8bS$547.0bS$44.6b11.9x15.3x1.2x
Tue, 18 Jun 2024S$656.0bS$548.1bS$44.4b11.8x14.8x1.2x
Thu, 16 May 2024S$658.7bS$546.5bS$46.8b11.7x14.1x1.2x
Sat, 13 Apr 2024S$647.0bS$547.4bS$47.0b12x13.8x1.2x
Mon, 11 Mar 2024S$632.8bS$541.7bS$48.5b11.6x13.1x1.2x
Wed, 07 Feb 2024S$632.5bS$554.7bS$49.9b12.1x12.7x1.1x
Fri, 05 Jan 2024S$655.9bS$570.4bS$52.2b12.6x12.6x1.1x
Sun, 03 Dec 2023S$641.8bS$572.5bS$52.4b12x12.2x1.1x
Tue, 31 Oct 2023S$638.8bS$574.5bS$52.3b12.1x12.2x1.1x
Thu, 28 Sep 2023S$669.3bS$575.0bS$52.5b12.8x12.7x1.2x
Sat, 26 Aug 2023S$670.8bS$573.7bS$53.1b12.6x12.6x1.2x
Mon, 24 Jul 2023S$695.5bS$576.1bS$56.7b11.9x12.3x1.2x
Wed, 21 Jun 2023S$689.6bS$578.2bS$56.8b11.4x12.1x1.2x
Price to Earnings Ratio

12.1x


Total Market Cap: S$689.6bTotal Earnings: S$56.8bTotal Revenue: S$578.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.7x202420252026
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 16.3x which is higher than its 3-year average PE of 14.7x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market-0.34%
Consumer Staples2.38%
Healthcare0.66%
Real Estate0.39%
Utilities-0.14%
Tech-0.16%
Materials-0.37%
Telecom-0.38%
Financials-0.85%
Industrials-0.89%
Energy-0.99%
Consumer Discretionary-1.61%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 53.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.8% which is higher than its past year's earnings decline of 3.3% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 11% 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
S68 Singapore ExchangeS$22.583.9%
+S$898.6m		61.3%PE37.1xFinancials
F34 Wilmar InternationalS$3.574.1%
+S$874.0m		18.6%PE12.3xConsumer Staples
C38U CapitaLand Integrated Commercial TrustS$2.343.1%
+S$556.6m		9.9%PB1.1xReal Estate
EB5 First ResourcesS$2.838.4%
+S$340.6m		97.9%PE9.6xConsumer Staples
A17U CapitaLand Ascendas REITS$2.532.4%
+S$299.5m		-3.1%PB1.2xReal Estate
See more

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Latest News

BS6
S$3.45
Yangzijiang Shipbuilding (Holdings)
7D
-2.5%
1Y
53.3%
S63
S$10.57
Singapore Technologies Engineering
7D
-2.9%
1Y
35.5%
Narrative Update • Jun 12

S63: Special Dividend And Robust New Contracts Will Support Steady Returns

Analysts have kept their SGD 11.58 price target for Singapore Technologies Engineering unchanged, as only minor tweaks to discount rate assumptions and long term P/E inputs currently leave their overall valuation view steady. What's in the News Shareholders approved a special tax exempt one tier dividend of $0.05 per share at the 29th AGM held on April 23, 2026 for the financial year ended December 31, 2025.
D05
S$63.24
DBS Group Holdings
7D
-0.8%
1Y
42.3%
C38U
S$2.34
CapitaLand Integrated Commercial Trust
7D
3.1%
1Y
9.9%
5E2
S$1.94
Seatrium
7D
-4.0%
1Y
-5.8%
Narrative Update • Jun 10

5E2: Operation Car Wash Resolution Will Support Future Upside Potential

Analysts have nudged their fair value estimate for Seatrium slightly lower from SGD 2.78 to SGD 2.75, citing updated assumptions for discount rates, revenue growth, profit margins, and forward P/E multiples. What's in the News Singapore High Court approved Seatrium's Deferred Prosecution Agreement related to Operation Car Wash, following an earlier signing on July 30, 2025.
U11
S$38.16
United Overseas Bank
7D
-1.0%
1Y
9.2%
A17U
S$2.53
CapitaLand Ascendas REIT
7D
2.4%
1Y
-3.1%
Narrative Update • Jun 06

A17U: Recent Acquisitions And Equity Raising Will Support Future Distribution Upside

Narrative Update on CapitaLand Ascendas REIT Analysts have revised their fair value estimate for CapitaLand Ascendas REIT slightly lower to around SGD3.09 from about SGD3.11, citing a reduced price target from SGD3.11 to SGD2.82 and concerns that occupancy could soften if recent tech sector layoffs continue to impact tenant demand. What's in the News CapitaLand Ascendas REIT agreed to acquire 5 Tuas Avenue 5 in Singapore for SGD 133.9 million in cash.
O39
S$23.50
Oversea-Chinese Banking
7D
-1.8%
1Y
46.3%
Narrative Update • Jun 04

O39: Future Performance Will Reflect Stable Margins And Dividend Support At Fair Valuation

Analysts have raised their price target for Oversea-Chinese Banking to SGD22.94 from SGD20.76, citing updated assumptions that incorporate the latest revenue growth outlook, profit margin estimates and future P/E expectations. What's in the News Oversea-Chinese Banking Corporation Limited proposed a special one-tier tax exempt dividend of $0.16 per ordinary share for the financial year ended 31 December 2025, to be tabled at its AGM on 16 April 2026.
F34
S$3.57
Wilmar International
7D
4.1%
1Y
18.6%
S68
S$22.58
Singapore Exchange
7D
3.9%
1Y
61.3%
Narrative Update • Jun 03

S68: Regional Bond Futures And Solid Margins Will Support Steady Outlook

Analysts have raised their Singapore Exchange price target from SGD 22.00 to SGD 24.60, citing revised assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News SGX Derivatives plans to launch Asia Pacific Government Bond Futures, with trading scheduled to start on 20 April.
M44U
S$1.22
Mapletree Logistics Trust
7D
3.4%
1Y
8.9%
Narrative Update • Jun 02

M44U: Fair Outlook As New Payout Details Meet Rebased Earnings Assumptions

Analysts have adjusted their fair value estimate for Mapletree Logistics Trust slightly from SGD1.1962 to about SGD1.20. This reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E multiples following recent research.
OV8
S$3.17
Sheng Siong Group
7D
5.0%
1Y
70.4%
Z74
S$4.27
Singapore Telecommunications
7D
-0.5%
1Y
8.1%
Analysis Article • May 28

Concerns Surrounding Singapore Telecommunications' (SGX:Z74) Performance

Singapore Telecommunications Limited's ( SGX:Z74 ) stock didn't jump after it announced some healthy earnings. We think...
EB5
S$2.83
First Resources
7D
8.4%
1Y
97.9%
P8Z
S$1.67
Bumitama Agri
7D
11.3%
1Y
115.5%
U06
S$3.31
Singapore Land Group
7D
-4.3%
1Y
51.1%