Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Singaporean (SGX) Market Analysis & Valuation

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies501
  • 7D2.9%
  • 3M3.8%
  • 1Y27.0%
  • YTD10.8%

The market has climbed 2.9% in the last 7 days, lead by the Financials sector with a gain of 6.5%. On the other hand, with a decline of 7.7%, the Information Technology sector is lagging behind. In the last year, the market has climbed 27%. 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
Thu, 09 Jul 2026S$996.2bS$535.9bS$58.0b14x17.2x1.9x
Sat, 06 Jun 2026S$953.6bS$535.3bS$58.2b14.2x16.4x1.8x
Mon, 04 May 2026S$948.5bS$531.8bS$60.0b14.8x15.8x1.8x
Wed, 01 Apr 2026S$933.4bS$534.3bS$60.5b14x15.4x1.7x
Fri, 27 Feb 2026S$948.8bS$562.5bS$56.7b14.7x16.7x1.7x
Sun, 25 Jan 2026S$924.2bS$561.6bS$55.5b15.1x16.7x1.6x
Tue, 23 Dec 2025S$878.9bS$562.9bS$55.3b14.6x15.9x1.6x
Thu, 20 Nov 2025S$866.4bS$564.6bS$55.2b14.8x15.7x1.5x
Sat, 18 Oct 2025S$829.6bS$563.8bS$56.4b14.4x14.7x1.5x
Mon, 15 Sep 2025S$836.8bS$562.4bS$56.3b14.4x14.9x1.5x
Wed, 13 Aug 2025S$799.0bS$542.9bS$52.3b13.7x15.3x1.5x
Fri, 11 Jul 2025S$769.8bS$541.6bS$51.3b13x15x1.4x
Sun, 08 Jun 2025S$740.9bS$543.2bS$51.3b12.6x14.4x1.4x
Tue, 06 May 2025S$728.5bS$548.5bS$47.6b11.7x15.3x1.3x
Thu, 03 Apr 2025S$743.0bS$556.8bS$47.6b11.7x15.6x1.3x
Sat, 01 Mar 2025S$729.8bS$557.6bS$49.0b11.7x14.9x1.3x
Mon, 27 Jan 2025S$716.4bS$544.8bS$43.2b12.1x16.6x1.3x
Wed, 25 Dec 2024S$710.4bS$547.3bS$43.6b11.7x16.3x1.3x
Fri, 22 Nov 2024S$707.1bS$542.5bS$43.4b11.5x16.3x1.3x
Sun, 20 Oct 2024S$705.8bS$535.1bS$44.0b11.8x16x1.3x
Tue, 17 Sep 2024S$704.1bS$540.7bS$44.9b11.2x15.7x1.3x
Thu, 15 Aug 2024S$653.9bS$542.6bS$44.8b10.7x14.6x1.2x
Sat, 13 Jul 2024S$688.7bS$546.7bS$44.6b11.8x15.5x1.3x
Mon, 10 Jun 2024S$662.0bS$548.0bS$44.4b11.7x14.9x1.2x
Wed, 08 May 2024S$648.9bS$547.2bS$46.9b11.7x13.8x1.2x
Fri, 05 Apr 2024S$648.8bS$545.4bS$47.0b11.8x13.8x1.2x
Sun, 03 Mar 2024S$631.2bS$543.0bS$49.3b11.4x12.8x1.2x
Tue, 30 Jan 2024S$642.2bS$571.8bS$51.8b12.3x12.4x1.1x
Thu, 28 Dec 2023S$654.4bS$569.4bS$52.1b12.5x12.6x1.1x
Sat, 25 Nov 2023S$643.9bS$573.5bS$52.4b12x12.3x1.1x
Mon, 23 Oct 2023S$640.9bS$575.2bS$52.5b12.1x12.2x1.1x
Wed, 20 Sep 2023S$677.6bS$574.0bS$52.5b12.8x12.9x1.2x
Fri, 18 Aug 2023S$674.8bS$574.1bS$53.2b12.6x12.7x1.2x
Sun, 16 Jul 2023S$692.7bS$574.5bS$56.6b12x12.2x1.2x
Price to Earnings Ratio

12.2x


Total Market Cap: S$692.7bTotal Earnings: S$56.6bTotal Revenue: S$574.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.8x202420252026
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 17.2x which is higher than its 3-year average PE of 14.8x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.3% 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 Market2.93%
Financials6.48%
Consumer Staples2.77%
Real Estate1.26%
Healthcare1.05%
Industrials0.78%
Consumer Discretionary0.10%
Energy-1.42%
Telecom-1.46%
Materials-1.52%
Utilities-6.65%
Tech-7.71%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 55.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.3% 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 below its 3-year average of 9.6x.
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 8.6% 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
D05 DBS Group HoldingsS$70.235.7%
+S$10.8b		53.3%PB2.9xFinancials
O39 Oversea-Chinese BankingS$27.328.9%
+S$10.1b		63.2%PB2xFinancials
U11 United Overseas BankS$44.3410.7%
+S$7.1b		20.6%PB1.5xFinancials
F34 Wilmar InternationalS$3.813.0%
+S$686.7m		28.3%PE13xConsumer Staples
U10 UOB-Kay Hian HoldingsS$4.4016.7%
+S$620.0m		98.2%PE18.1xFinancials
See more

Market Insights

Header cover image
Markets are supposed to reprice risk when it changes. This time they've repriced the promise, but left the threat largely untouched. Whether that's an oversight or a fair call is worth thinking through.
Continue reading
Finding dividends that actually last

Latest News

S68
S$24.62
Singapore Exchange
7D
2.1%
1Y
57.6%
U11
S$44.34
United Overseas Bank
7D
10.7%
1Y
20.6%
Narrative Update • Jul 08

U11: Future Returns Will Reflect AI Collaboration And Asset Management Divestment Potential

Analysts have revised their price target for United Overseas Bank to SGD 40.53 from SGD 39.07. This change reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples.
O39
S$27.32
Oversea-Chinese Banking
7D
8.9%
1Y
63.2%
Narrative Update • Jul 08

O39: Future Performance Will Reflect AI Wealth Expansion While Supporting Stable Margins

Analysts have adjusted their fair value estimate for Oversea-Chinese Banking to SGD24.16 from SGD23.29, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What’s in the News for Oversea-Chinese Banking OCBC launched OCBC WoW, an AI-powered wealth management app featuring two virtual financial adviser avatars, Wendy and Wayne.
U10
S$4.40
UOB-Kay Hian Holdings
7D
16.7%
1Y
98.2%
AWX
S$9.56
AEM Holdings
7D
-5.0%
1Y
545.9%
V03
S$16.93
Venture
7D
-2.0%
1Y
43.5%
5E2
S$1.95
Seatrium
7D
-1.5%
1Y
-8.0%
F34
S$3.81
Wilmar International
7D
3.0%
1Y
28.3%
S63
S$10.92
Singapore Technologies Engineering
7D
0.7%
1Y
33.3%
Z74
S$4.39
Singapore Telecommunications
7D
-1.6%
1Y
9.5%
A7RU
S$0.52
Keppel Infrastructure Trust
7D
-2.8%
1Y
23.8%
D05
S$70.23
DBS Group Holdings
7D
5.7%
1Y
53.3%
Narrative Update • Jun 25

D05: Future Gold Tokens And Stable Dividends Will Support Platform Appeal

Analysts have raised their price target for DBS Group Holdings from SGD 60.55 to SGD 62.15, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the basis for this change. What's in the News DBS Group Holdings announced it will offer tokenised physical gold to retail customers through its digibank app from the second half of 2026, giving users a way to digitally access, hold, and trade tokenised physical gold on a single platform, source: recent news reports.
S59
S$3.37
SIA Engineering
7D
-2.6%
1Y
4.7%
G07
S$16.50
Great Eastern Holdings
7D
1.9%
1Y
n/a
U96
S$5.60
Sembcorp Industries
7D
-9.5%
1Y
-25.1%
BS6
S$3.41
Yangzijiang Shipbuilding (Holdings)
7D
-1.2%
1Y
49.6%