Header cover image

Singaporean (SGX) Market Analysis & Valuation

UpdatedJul 18, 2025
DataAggregated Company Financials
Companies513
  • 7D2.3%
  • 3M12.3%
  • 1Y18.3%
  • YTD10.5%

Over the last 7 days, the market has risen 2.3%, driven by gains in every sector, especially the Industrials sector. In the last year, the market has climbed 18%. As for the next few years, earnings are expected to grow by 7.3% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Jul 2025S$788.3bS$543.1bS$51.1b13.1x15.4x1.5x
Sun, 15 Jun 2025S$737.9bS$542.7bS$51.3b12.5x14.4x1.4x
Tue, 13 May 2025S$731.8bS$551.2bS$47.6b12x15.4x1.3x
Thu, 10 Apr 2025S$651.1bS$556.9bS$47.6b10.7x13.7x1.2x
Sat, 08 Mar 2025S$733.5bS$554.7bS$48.8b11.7x15x1.3x
Mon, 03 Feb 2025S$724.4bS$546.6bS$43.5b12x16.7x1.3x
Wed, 01 Jan 2025S$714.5bS$547.8bS$43.6b11.8x16.4x1.3x
Fri, 29 Nov 2024S$707.1bS$544.8bS$43.5b11.5x16.2x1.3x
Sun, 27 Oct 2024S$697.4bS$536.7bS$43.9b11.8x15.9x1.3x
Tue, 24 Sep 2024S$713.7bS$540.3bS$44.9b11.4x15.9x1.3x
Thu, 22 Aug 2024S$668.1bS$547.1bS$44.9b10.9x14.9x1.2x
Sat, 20 Jul 2024S$681.4bS$547.0bS$44.6b11.9x15.3x1.2x
Mon, 17 Jun 2024S$656.0bS$548.2bS$44.4b11.8x14.8x1.2x
Wed, 15 May 2024S$656.7bS$539.6bS$48.8b11.5x13.4x1.2x
Fri, 12 Apr 2024S$649.2bS$546.4bS$47.0b11.8x13.8x1.2x
Sun, 10 Mar 2024S$620.4bS$531.6bS$47.9b11.6x13x1.2x
Tue, 06 Feb 2024S$634.1bS$554.6bS$49.7b12.1x12.8x1.1x
Thu, 04 Jan 2024S$660.3bS$570.4bS$52.2b12.6x12.7x1.2x
Sat, 02 Dec 2023S$641.8bS$572.9bS$52.4b12x12.2x1.1x
Mon, 30 Oct 2023S$637.8bS$575.1bS$52.4b12.1x12.2x1.1x
Wed, 27 Sep 2023S$672.0bS$574.7bS$52.5b12.8x12.8x1.2x
Fri, 25 Aug 2023S$669.8bS$572.5bS$53.1b12.4x12.6x1.2x
Sun, 23 Jul 2023S$695.5bS$576.1bS$56.7b11.9x12.3x1.2x
Tue, 20 Jun 2023S$693.9bS$577.9bS$56.8b11.5x12.2x1.2x
Thu, 18 May 2023S$688.7bS$574.3bS$55.2b11.5x12.5x1.2x
Sat, 15 Apr 2023S$708.3bS$567.6bS$53.9b11.7x13.1x1.2x
Mon, 13 Mar 2023S$685.2bS$572.3bS$54.3b11.1x12.6x1.2x
Wed, 08 Feb 2023S$723.4bS$558.5bS$57.7b10.7x12.5x1.3x
Fri, 06 Jan 2023S$702.5bS$560.5bS$57.7b10x12.2x1.3x
Sun, 04 Dec 2022S$697.7bS$562.3bS$57.8b10.4x12.1x1.2x
Tue, 01 Nov 2022S$661.7bS$560.4bS$54.7b10.1x12.1x1.2x
Thu, 29 Sep 2022S$674.4bS$564.9bS$54.8b10.3x12.3x1.2x
Sat, 27 Aug 2022S$711.0bS$558.0bS$54.6b11x13x1.3x
Mon, 25 Jul 2022S$698.9bS$531.1bS$47.5b11.4x14.7x1.3x
Price to Earnings Ratio

14.7x


Total Market Cap: S$698.9bTotal Earnings: S$47.5bTotal Revenue: S$531.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.7x202320242025
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 15.4x which is higher than its 3-year average PE of 13.7x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 2.5% 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 Market2.32%
Healthcare4.78%
Tech4.43%
Industrials3.73%
Telecom3.73%
Energy3.57%
Utilities2.75%
Real Estate2.05%
Consumer Staples1.94%
Materials1.93%
Financials1.50%
Consumer Discretionary0.65%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 38.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 2.2% which is higher than its past year's earnings decline of 11.8% 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 7.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 2.9% 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$4.174.0%
+S$2.6b
36.3%PE17.1xTelecom
D05 DBS Group HoldingsS$46.681.9%
+S$2.4b
26.5%PB1.9xFinancials
O39 Oversea-Chinese BankingS$17.082.0%
+S$1.5b
13.0%PB1.3xFinancials
J36 Jardine Matheson HoldingsUS$52.997.4%
+US$1.1b
47.0%PS0.4xIndustrials
S63 Singapore Technologies EngineeringS$8.382.3%
+S$593.1m
90.0%PE37.3xIndustrials
See more

Market Insights

The tide is turning for UK & European markets. Index ETFs won’t cut it since sector spreads are massive. Picking the right companies matters now more than ever.

Latest News