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Singaporean (SGX) Market Analysis & Valuation

UpdatedMay 25, 2025
DataAggregated Company Financials
Companies520
  • 7D-0.3%
  • 3M0.1%
  • 1Y14.3%
  • YTD2.4%

The market has stayed flat over the 7 days. More promisingly, the market is up 14% over the past year. Earnings are forecast to grow by 6.7% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 31 May 2023S$679.3bS$580.2bS$56.9b11.3x11.9x1.2x
Fri, 28 Apr 2023S$702.2bS$570.0bS$54.0b11.5x13x1.2x
Sun, 26 Mar 2023S$599.2bS$558.4bS$48.1b11.1x12.5x1.1x
Tue, 21 Feb 2023S$707.8bS$560.8bS$57.9b10.6x12.2x1.3x
Thu, 19 Jan 2023S$705.6bS$558.3bS$58.1b10.4x12.1x1.3x
Sat, 17 Dec 2022S$695.4bS$562.8bS$57.8b10.2x12x1.2x
Mon, 14 Nov 2022S$688.7bS$563.3bS$57.5b10.2x12x1.2x
Wed, 12 Oct 2022S$667.7bS$564.7bS$54.8b10.2x12.2x1.2x
Fri, 09 Sep 2022S$706.3bS$560.5bS$54.8b10.8x12.9x1.3x
Sun, 07 Aug 2022S$717.0bS$531.4bS$49.8b11.3x14.4x1.3x
Tue, 05 Jul 2022S$689.4bS$533.3bS$47.6b11.3x14.5x1.3x
Thu, 02 Jun 2022S$701.6bS$528.5bS$47.9b12x14.6x1.3x
Price to Earnings Ratio

14.6x


Total Market Cap: S$701.6bTotal Earnings: S$47.9bTotal Revenue: S$528.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.7x202320242025
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 13.7x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 2.6% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market-0.26%
Telecom1.80%
Healthcare0.99%
Consumer Discretionary0.61%
Materials-0.15%
Industrials-0.33%
Financials-0.40%
Utilities-0.41%
Energy-0.61%
Real Estate-0.65%
Consumer Staples-1.22%
Tech-1.63%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 23.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.3% which is higher than its past year's earnings decline of 12.6% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 7.9% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 12% 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$3.882.1%
+S$1.3b
60.3%PE15.9xTelecom
C6L Singapore AirlinesS$7.052.2%
+S$445.7m
5.5%PE7.5xIndustrials
S63 Singapore Technologies EngineeringS$7.531.6%
+S$374.6m
81.4%PE33.5xIndustrials
M04 Mandarin Oriental InternationalUS$1.998.2%
+US$189.6m
21.3%PS4.8xConsumer Discretionary
H78 Hongkong Land HoldingsUS$5.271.7%
+US$186.2m
55.5%PS5.8xReal Estate
See more
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J36

US$45.03

Jardine Matheson Holdings

7D

-3.7%

1Y

17.9%

S63

S$7.53

Singapore Technologies Engineering

7D

1.6%

1Y

81.4%

U11

S$35.32

United Overseas Bank

7D

-0.5%

1Y

15.6%

Y92

S$0.47

Thai Beverage

7D

-2.1%

1Y

-7.9%

BUOU

S$0.78

Frasers Logistics & Commercial Trust

7D

-6.6%

1Y

-21.6%

D05

S$44.46

DBS Group Holdings

7D

-0.3%

1Y

23.9%

9CI

S$2.52

CapitaLand Investment

7D

-1.6%

1Y

-3.8%

AJBU

S$2.18

Keppel DC REIT

7D

1.9%

1Y

19.8%