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Singaporean (SGX) Market Analysis & Valuation

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies500
  • 7D-0.1%
  • 3M4.0%
  • 1Y28.7%
  • YTD8.8%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector declined by 3.7%. More promisingly, the market is up 29% 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
Fri, 26 Jun 2026S$977.3bS$537.0bS$58.1b14x16.8x1.8x
Sun, 24 May 2026S$964.8bS$534.4bS$58.1b14.4x16.6x1.8x
Tue, 21 Apr 2026S$962.9bS$531.6bS$60.4b14.9x15.9x1.8x
Thu, 19 Mar 2026S$954.8bS$532.3bS$60.4b14x15.8x1.8x
Sat, 14 Feb 2026S$936.8bS$559.2bS$56.1b15.2x16.7x1.7x
Mon, 12 Jan 2026S$900.9bS$562.5bS$55.3b15x16.3x1.6x
Wed, 10 Dec 2025S$864.0bS$563.5bS$55.3b14.7x15.6x1.5x
Fri, 07 Nov 2025S$862.6bS$565.6bS$56.6b14.6x15.2x1.5x
Sun, 05 Oct 2025S$847.3bS$563.2bS$56.4b14.8x15x1.5x
Tue, 02 Sep 2025S$820.5bS$562.5bS$56.3b13.7x14.6x1.5x
Thu, 31 Jul 2025S$800.6bS$542.2bS$51.9b13.7x15.4x1.5x
Sat, 28 Jun 2025S$747.2bS$541.3bS$51.3b12.9x14.6x1.4x
Mon, 26 May 2025S$733.4bS$548.4bS$51.7b12.3x14.2x1.3x
Wed, 23 Apr 2025S$719.1bS$551.1bS$47.4b11.9x15.2x1.3x
Fri, 21 Mar 2025S$738.8bS$555.8bS$47.7b11.8x15.5x1.3x
Sun, 16 Feb 2025S$727.7bS$544.6bS$45.0b11.8x16.2x1.3x
Tue, 14 Jan 2025S$711.7bS$548.5bS$43.6b11.6x16.3x1.3x
Thu, 12 Dec 2024S$715.9bS$545.0bS$43.6b11.7x16.4x1.3x
Sat, 09 Nov 2024S$711.1bS$538.0bS$44.8b11.5x15.9x1.3x
Mon, 07 Oct 2024S$713.9bS$542.3bS$45.0b11.7x15.9x1.3x
Wed, 04 Sep 2024S$687.3bS$546.2bS$44.8b11x15.3x1.3x
Fri, 02 Aug 2024S$676.9bS$546.2bS$44.5b11.7x15.2x1.2x
Sun, 30 Jun 2024S$660.6bS$548.7bS$44.3b12x14.9x1.2x
Tue, 28 May 2024S$659.9bS$546.9bS$44.5b11.8x14.8x1.2x
Thu, 25 Apr 2024S$656.1bS$547.5bS$47.0b11.7x14x1.2x
Sat, 23 Mar 2024S$643.6bS$545.7bS$47.1b11.5x13.7x1.2x
Mon, 19 Feb 2024S$648.6bS$554.5bS$49.7b12x13x1.2x
Wed, 17 Jan 2024S$652.7bS$571.6bS$52.0b12.3x12.6x1.1x
Fri, 15 Dec 2023S$641.9bS$570.5bS$52.2b12.6x12.3x1.1x
Sun, 12 Nov 2023S$640.4bS$575.1bS$54.0b12x11.9x1.1x
Tue, 10 Oct 2023S$660.3bS$574.5bS$52.5b12.4x12.6x1.1x
Thu, 07 Sep 2023S$675.7bS$573.6bS$52.4b12.8x12.9x1.2x
Sat, 05 Aug 2023S$692.9bS$592.7bS$57.6b12.3x12x1.2x
Mon, 03 Jul 2023S$682.8bS$579.5bS$56.8b11.9x12x1.2x
Price to Earnings Ratio

12x


Total Market Cap: S$682.8bTotal Earnings: S$56.8bTotal Revenue: S$579.5bTotal 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 16.8x 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-0.10%
Telecom1.45%
Utilities1.13%
Real Estate0.55%
Consumer Staples0.44%
Financials-0.16%
Materials-0.53%
Tech-0.71%
Industrials-1.10%
Consumer Discretionary-1.59%
Energy-2.16%
Healthcare-3.67%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 54.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.6% 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
Z74 Singapore TelecommunicationsS$4.431.8%
+S$1.3b		15.4%PE13xTelecom
C6L Singapore AirlinesS$7.655.1%
+S$1.2b		10.4%PE20.4xIndustrials
O39 Oversea-Chinese BankingS$24.860.9%
+S$1.0b		52.0%PB1.8xFinancials
U11 United Overseas BankS$39.801.4%
+S$909.1m		10.6%PB1.4xFinancials
C38U CapitaLand Integrated Commercial TrustS$2.402.1%
+S$397.7m		10.1%PB1.2xReal Estate
See more

Market Insights

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Latest News

C6L
S$7.65
Singapore Airlines
7D
5.1%
1Y
10.4%
Z74
S$4.43
Singapore Telecommunications
7D
1.8%
1Y
15.4%
U96
S$6.46
Sembcorp Industries
7D
2.2%
1Y
-5.4%
O39
S$24.86
Oversea-Chinese Banking
7D
0.9%
1Y
52.0%
U11
S$39.80
United Overseas Bank
7D
1.4%
1Y
10.6%
C38U
S$2.40
CapitaLand Integrated Commercial Trust
7D
2.1%
1Y
10.1%
Narrative Update • Jun 22

C38U: Paragon Acquisition And Portfolio Rebalance Will Support Future Income Upside

Analysts have maintained their fair value estimate for CapitaLand Integrated Commercial Trust at SGD2.69, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that together point to a marginally more conservative valuation profile. What’s in the News for CapitaLand Integrated Commercial Trust Unitholders approved CapitaLand Integrated Commercial Trust’s proposed S$3.9 billion acquisition of Orchard Road mall Paragon at an extraordinary general meeting, giving the go ahead for the purchase of the freehold asset with potential redevelopment options, according to recent news reports.
J36
US$62.76
Jardine Matheson Holdings
7D
-3.1%
1Y
31.2%
S58
S$4.49
SATS
7D
2.7%
1Y
46.3%
S68
S$24.15
Singapore Exchange
7D
0.9%
1Y
64.1%
Narrative Update • Jun 17

S68: New Regional Bond Futures Will Leave Shares Looking Overvalued

Analysts have lifted their price target for Singapore Exchange from SGD 20.30 to about SGD 21.33, citing updated assumptions around slightly higher revenue growth, profit margins, and a modest adjustment to the discount rate and future P/E expectations. What’s in the News for Singapore Exchange SGX Derivatives plans to launch Asia Pacific Government Bond Futures, with trading scheduled to start on 20 April.
AWX
S$9.82
AEM Holdings
7D
-8.2%
1Y
546.1%
BN4
S$11.06
Keppel
7D
-1.9%
1Y
48.7%
Analysis Article • Jun 16

Keppel (SGX:BN4) Stock Could Be 9% Undervalued After Its S$325,000,000 Perpetual Securities Sale

How Keppel’s new perpetual securities frame the latest stock move Keppel (SGX:BN4) recently priced S$325,000,000 of fixed rate subordinated perpetual securities, an event that gives investors fresh context for assessing the stock after recent trading swings and changing earnings expectations. The Series 018 perpetuals offer a 3.30% annual distribution from June 11, 2026 to June 11, 2029, with subsequent resets tied to the prevailing 3 year SORA OIS plus an initial spread of 1.62% and a 1.00%...
C09
S$7.86
City Developments
7D
-4.8%
1Y
52.9%
Narrative Update • Jun 16

C09: Peck Hay Road Acquisition And Shareholder Meeting Will Support Future Upside Potential

Analysts have raised their SGD fair value estimate for City Developments from about SGD10.52 to about SGD10.60, reflecting updated expectations around earnings and divestments that also supported a recent Street price target increase to SGD9.78 from SGD7.93. What's in the News CDL and Hong Realty submitted the top bid of S$542.4m for a 99-year leasehold private housing site at Peck Hay Road, in an 80:20 joint venture structure, according to recent news reports.
BS6
S$3.50
Yangzijiang Shipbuilding (Holdings)
7D
-5.1%
1Y
57.7%
S63
S$10.41
Singapore Technologies Engineering
7D
-3.9%
1Y
33.0%
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$65.43
DBS Group Holdings
7D
-0.8%
1Y
45.9%
F34
S$3.66
Wilmar International
7D
-1.9%
1Y
25.8%