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Singaporean (SGX) Market Analysis & Valuation

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies504
  • 7D1.9%
  • 3M11.5%
  • 1Y29.7%
  • YTD8.2%

The market is up 1.9% in the last 7 days, led by the Financials and all sectors gaining ground. As for the past 12 months, the market is up 30%. As for the next few years, earnings are expected to grow by 7.7% 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, 25 Feb 2026S$954.0bS$560.2bS$56.5b15x16.9x1.7x
Fri, 23 Jan 2026S$914.5bS$563.3bS$55.4b15.4x16.5x1.6x
Sun, 21 Dec 2025S$872.8bS$563.2bS$55.3b14.6x15.8x1.5x
Tue, 18 Nov 2025S$870.9bS$563.4bS$55.2b14.9x15.8x1.5x
Thu, 16 Oct 2025S$838.0bS$564.1bS$56.4b14.8x14.9x1.5x
Sat, 13 Sep 2025S$836.7bS$562.5bS$56.3b14.4x14.9x1.5x
Mon, 11 Aug 2025S$801.8bS$542.6bS$52.2b14x15.3x1.5x
Wed, 09 Jul 2025S$763.7bS$541.6bS$51.3b12.8x14.9x1.4x
Fri, 06 Jun 2025S$738.6bS$548.6bS$51.4b12.5x14.4x1.3x
Sun, 04 May 2025S$727.4bS$549.9bS$47.7b11.7x15.3x1.3x
Tue, 01 Apr 2025S$746.1bS$556.8bS$47.6b11.8x15.7x1.3x
Thu, 27 Feb 2025S$731.7bS$547.6bS$48.1b11.9x15.2x1.3x
Sat, 25 Jan 2025S$716.4bS$545.1bS$43.2b12.1x16.6x1.3x
Mon, 23 Dec 2024S$702.8bS$546.6bS$43.6b11.6x16.1x1.3x
Wed, 20 Nov 2024S$710.7bS$541.9bS$43.4b11.6x16.4x1.3x
Fri, 18 Oct 2024S$703.4bS$535.6bS$44.0b11.6x16x1.3x
Sun, 15 Sep 2024S$701.9bS$541.3bS$44.9b11.2x15.6x1.3x
Tue, 13 Aug 2024S$645.6bS$543.8bS$44.3b11x14.6x1.2x
Thu, 11 Jul 2024S$679.5bS$547.7bS$44.6b11.7x15.2x1.2x
Sat, 08 Jun 2024S$662.0bS$547.1bS$44.4b11.7x14.9x1.2x
Mon, 06 May 2024S$654.3bS$546.6bS$46.9b12x13.9x1.2x
Wed, 03 Apr 2024S$651.1bS$546.2bS$47.1b11.8x13.8x1.2x
Fri, 01 Mar 2024S$632.7bS$542.3bS$49.7b11.4x12.7x1.2x
Sun, 28 Jan 2024S$645.3bS$571.8bS$51.8b12.3x12.5x1.1x
Tue, 26 Dec 2023S$648.8bS$569.8bS$52.1b12.6x12.4x1.1x
Thu, 23 Nov 2023S$646.6bS$573.5bS$52.5b11.9x12.3x1.1x
Sat, 21 Oct 2023S$640.9bS$575.2bS$52.5b12.1x12.2x1.1x
Mon, 18 Sep 2023S$684.1bS$574.2bS$52.5b12.9x13x1.2x
Wed, 16 Aug 2023S$681.2bS$573.3bS$53.3b13x12.8x1.2x
Fri, 14 Jul 2023S$690.7bS$575.2bS$56.7b11.8x12.2x1.2x
Sun, 11 Jun 2023S$680.7bS$578.6bS$56.8b11.3x12x1.2x
Tue, 09 May 2023S$700.8bS$570.4bS$54.7b11.5x12.8x1.2x
Thu, 06 Apr 2023S$712.8bS$567.8bS$53.7b11.7x13.3x1.3x
Sat, 04 Mar 2023S$695.5bS$570.8bS$56.8b11.1x12.2x1.2x
Price to Earnings Ratio

12.2x


Total Market Cap: S$695.5bTotal Earnings: S$56.8bTotal Revenue: S$570.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.3x202420252026
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 17.0x which is higher than its 3-year average PE of 14.3x.
Past Earnings Growth
  • Both revenue and earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market1.78%
Telecom5.33%
Materials3.61%
Energy3.55%
Industrials2.96%
Tech2.63%
Consumer Discretionary2.56%
Healthcare1.32%
Real Estate1.24%
Consumer Staples1.07%
Financials0.67%
Utilities0.43%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 44.2x.
    • Analysts are expecting annual earnings growth of 9.4%, which is lower than the prior year's growth of 11.3% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 0.8% 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
Z74 Singapore TelecommunicationsS$5.125.8%
+S$4.6b		54.2%PE12.5xTelecom
D05 DBS Group HoldingsS$57.861.7%
+S$3.0b		24.3%PB2.4xFinancials
BS6 Yangzijiang Shipbuilding (Holdings)S$3.9614.1%
+S$1.9b		46.7%PE10.9xIndustrials
O39 Oversea-Chinese BankingS$21.431.5%
+S$1.4b		21.8%PB1.6xFinancials
C38U CapitaLand Integrated Commercial TrustS$2.524.1%
+S$761.1m		27.9%PB1.2xReal Estate
See more

Market Insights

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