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Singaporean (SGX) Market Analysis & Valuation

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies504
  • 7D1.3%
  • 3M4.2%
  • 1Y37.2%
  • YTD7.4%

The market has climbed 1.3% over the last week, with theFinancials and Consumer Staples sectors leading the way. The market is up 37% over the last 12 months. As for the next few years, earnings are expected to grow by 5.1% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026S$960.9bS$531.8bS$60.4b14.7x15.9x1.8x
Fri, 13 Mar 2026S$929.6bS$532.3bS$60.4b14x15.4x1.7x
Sun, 08 Feb 2026S$933.0bS$560.7bS$56.1b14.9x16.6x1.7x
Tue, 06 Jan 2026S$891.0bS$562.4bS$55.3b14.9x16.1x1.6x
Thu, 04 Dec 2025S$871.7bS$563.2bS$55.3b15.1x15.8x1.5x
Sat, 01 Nov 2025S$852.9bS$564.9bS$56.6b14.8x15.1x1.5x
Mon, 29 Sep 2025S$822.8bS$563.5bS$56.4b14.4x14.6x1.5x
Wed, 27 Aug 2025S$815.8bS$562.4bS$56.3b13.8x14.5x1.5x
Fri, 25 Jul 2025S$811.0bS$541.9bS$50.9b13.7x15.9x1.5x
Sun, 22 Jun 2025S$732.6bS$542.6bS$51.3b12.5x14.3x1.4x
Tue, 20 May 2025S$731.6bS$549.3bS$48.6b12.2x15x1.3x
Thu, 17 Apr 2025S$697.7bS$552.2bS$47.5b11.4x14.7x1.3x
Sat, 15 Mar 2025S$723.6bS$555.9bS$47.7b11.6x15.2x1.3x
Mon, 10 Feb 2025S$723.7bS$546.3bS$44.4b11.8x16.3x1.3x
Wed, 08 Jan 2025S$721.0bS$547.1bS$43.6b11.5x16.5x1.3x
Fri, 06 Dec 2024S$721.9bS$544.4bS$43.5b11.9x16.6x1.3x
Sun, 03 Nov 2024S$689.8bS$537.1bS$43.8b11.6x15.7x1.3x
Tue, 01 Oct 2024S$712.5bS$539.1bS$44.9b11.4x15.9x1.3x
Thu, 29 Aug 2024S$673.1bS$545.4bS$44.9b11.1x15x1.2x
Sat, 27 Jul 2024S$678.3bS$546.9bS$44.7b11.9x15.2x1.2x
Mon, 24 Jun 2024S$658.3bS$548.5bS$44.4b11.8x14.8x1.2x
Wed, 22 May 2024S$657.3bS$546.6bS$46.9b11.7x14x1.2x
Fri, 19 Apr 2024S$638.8bS$547.7bS$46.8b11.9x13.7x1.2x
Sun, 17 Mar 2024S$636.2bS$544.2bS$47.1b11.4x13.5x1.2x
Tue, 13 Feb 2024S$633.9bS$554.2bS$49.7b11.9x12.7x1.1x
Thu, 11 Jan 2024S$656.1bS$570.6bS$52.1b12.6x12.6x1.1x
Sat, 09 Dec 2023S$643.4bS$571.8bS$52.3b12.1x12.3x1.1x
Mon, 06 Nov 2023S$654.9bS$572.8bS$51.6b12.2x12.7x1.1x
Wed, 04 Oct 2023S$670.8bS$575.2bS$52.5b12.7x12.8x1.2x
Fri, 01 Sep 2023S$679.2bS$572.2bS$52.4b13.4x13x1.2x
Sun, 30 Jul 2023S$709.2bS$580.2bS$56.1b12x12.6x1.2x
Tue, 27 Jun 2023S$681.7bS$579.8bS$56.8b11.6x12x1.2x
Thu, 25 May 2023S$685.3bS$579.4bS$56.4b11.5x12.1x1.2x
Sat, 22 Apr 2023S$711.5bS$569.7bS$54.0b11.6x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: S$711.5bTotal Earnings: S$54.0bTotal Revenue: S$569.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.5x202420252026
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 14.5x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% 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 Market1.30%
Tech7.92%
Materials4.39%
Healthcare4.25%
Real Estate2.94%
Consumer Discretionary2.50%
Energy1.72%
Financials1.50%
Utilities1.04%
Industrials0.82%
Consumer Staples-1.17%
Telecom-1.85%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 47.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.0% 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 close to its 3-year average of 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% 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
O39 Oversea-Chinese BankingS$22.882.6%
+S$2.7b		46.9%PB1.6xFinancials
U11 United Overseas BankS$37.602.0%
+S$1.2b		10.9%PB1.3xFinancials
S68 Singapore ExchangeS$20.922.8%
+S$609.7m		56.7%PE34.4xFinancials
C38U CapitaLand Integrated Commercial TrustS$2.383.0%
+S$533.8m		15.0%PB1.1xReal Estate
8YZ Yangzijiang Maritime DevelopmentS$0.6621.3%
+S$401.2m		n/aPE13.9xIndustrials
See more

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F34
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S68
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Analysts now set their SGD price target for Singapore Exchange at SGD 22.00, up slightly from SGD 21.80. This reflects small model adjustments to fair value, discount rate assumptions, revenue growth and profit margin forecasts, along with a modestly higher future P/E multiple.
C07
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DFI Retail Group Holdings
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1Y
93.5%

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9CI
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BN4
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7D
1.7%
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O39
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Z74
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35.9%