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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies505
  • 7D-1.3%
  • 3M7.0%
  • 1Y27.3%
  • YTD4.0%

The market has dropped by 23% in the last 7 days, with the Real Estate sector leading declines. In the last year, the market is actually up 23%. Looking forward, earnings are forecast to grow by 5.6% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026S$927.4bS$533.1bS$59.2b13.9x15.7x1.7x
Fri, 06 Feb 2026S$940.8bS$561.2bS$55.9b15x16.8x1.7x
Sun, 04 Jan 2026S$888.1bS$562.2bS$55.3b14.9x16.1x1.6x
Tue, 02 Dec 2025S$867.6bS$563.3bS$55.3b14.8x15.7x1.5x
Thu, 30 Oct 2025S$856.5bS$564.1bS$56.5b14.9x15.2x1.5x
Sat, 27 Sep 2025S$822.8bS$564.0bS$56.4b14.4x14.6x1.5x
Mon, 25 Aug 2025S$814.3bS$561.8bS$56.3b13.8x14.5x1.4x
Wed, 23 Jul 2025S$798.1bS$542.5bS$51.0b13.4x15.6x1.5x
Fri, 20 Jun 2025S$734.3bS$543.1bS$51.3b12.5x14.3x1.4x
Sun, 18 May 2025S$735.3bS$550.1bS$48.7b12.2x15.1x1.3x
Tue, 15 Apr 2025S$679.3bS$552.4bS$47.5b11.3x14.3x1.2x
Thu, 13 Mar 2025S$722.1bS$555.7bS$47.7b11.8x15.1x1.3x
Sat, 08 Feb 2025S$724.1bS$545.7bS$43.7b11.8x16.6x1.3x
Mon, 06 Jan 2025S$718.2bS$548.6bS$43.7b11.6x16.4x1.3x
Wed, 04 Dec 2024S$716.9bS$544.9bS$43.5b11.7x16.5x1.3x
Fri, 01 Nov 2024S$690.4bS$536.6bS$43.8b11.6x15.8x1.3x
Sun, 29 Sep 2024S$710.0bS$539.0bS$44.9b11.4x15.8x1.3x
Tue, 27 Aug 2024S$673.7bS$546.6bS$44.9b10.9x15x1.2x
Thu, 25 Jul 2024S$683.6bS$546.9bS$44.6b11.9x15.3x1.2x
Sat, 22 Jun 2024S$658.3bS$548.5bS$44.4b11.8x14.8x1.2x
Mon, 20 May 2024S$658.6bS$546.4bS$46.9b11.6x14x1.2x
Wed, 17 Apr 2024S$640.1bS$548.2bS$46.8b11.8x13.7x1.2x
Fri, 15 Mar 2024S$638.9bS$543.3bS$47.1b11.6x13.6x1.2x
Sun, 11 Feb 2024S$633.9bS$554.4bS$49.8b11.8x12.7x1.1x
Tue, 09 Jan 2024S$656.8bS$570.7bS$52.2b12.5x12.6x1.2x
Thu, 07 Dec 2023S$638.6bS$572.2bS$52.3b12x12.2x1.1x
Sat, 04 Nov 2023S$654.9bS$573.8bS$51.7b12.2x12.7x1.1x
Mon, 02 Oct 2023S$672.0bS$574.4bS$52.5b12.8x12.8x1.2x
Wed, 30 Aug 2023S$676.1bS$572.7bS$52.7b13.2x12.8x1.2x
Fri, 28 Jul 2023S$705.2bS$575.7bS$56.8b12.2x12.4x1.2x
Sun, 25 Jun 2023S$682.3bS$579.8bS$56.8b11.5x12x1.2x
Tue, 23 May 2023S$688.9bS$579.1bS$56.6b11.4x12.2x1.2x
Thu, 20 Apr 2023S$711.2bS$570.0bS$54.0b11.5x13.2x1.2x
Sat, 18 Mar 2023S$686.6bS$571.0bS$54.2b11.2x12.7x1.2x
Price to Earnings Ratio

12.7x


Total Market Cap: S$686.6bTotal Earnings: S$54.2bTotal Revenue: S$571.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.4x202420252026
Current Market PE
  • Investors are relatively neutral on the Singaporean market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 14.4x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 3.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market-1.29%
Consumer Staples2.56%
Telecom0.24%
Financials-0.30%
Energy-0.87%
Tech-1.16%
Utilities-2.25%
Consumer Discretionary-2.52%
Real Estate-2.65%
Healthcare-2.78%
Materials-3.45%
Industrials-3.50%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 44.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.8% which is higher than its past year's earnings decline of 4.4% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 16% 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
F34 Wilmar InternationalS$3.685.1%
+S$1.1b		14.3%PE12.8xConsumer Staples
EB5 First ResourcesS$2.6413.8%
+S$495.4m		62.0%PE9.1xConsumer Staples
D01 DFI Retail Group HoldingsUS$4.355.1%
+US$284.3m		107.1%PE25.1xConsumer Staples
Z74 Singapore TelecommunicationsS$5.020.4%
+S$303.7m		52.1%PE12.2xTelecom
P8Z Bumitama AgriS$1.4912.0%
+S$277.5m		75.3%PE12.2xConsumer Staples
See more

Market Insights

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