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Singaporean (SGX) Market Analysis & Valuation

UpdatedJul 01, 2025
DataAggregated Company Financials
Companies515
  • 7D2.1%
  • 3M0.9%
  • 1Y16.6%
  • YTD4.9%

The market has climbed 2.1% in the last 7 days, lead by the Financials sector with a gain of 3.0%. In the last year, the market has climbed 17%. Looking forward, earnings are forecast to grow by 7.1% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Jul 2025S$747.3bS$541.1bS$51.3b12.9x14.6x1.4x
Fri, 30 May 2025S$735.3bS$548.5bS$51.5b12.5x14.3x1.3x
Sun, 27 Apr 2025S$723.9bS$552.2bS$47.5b11.5x15.2x1.3x
Tue, 25 Mar 2025S$739.9bS$555.8bS$47.6b11.7x15.5x1.3x
Thu, 20 Feb 2025S$734.1bS$545.0bS$45.1b11.9x16.3x1.3x
Sat, 18 Jan 2025S$715.9bS$547.5bS$43.6b11.9x16.4x1.3x
Mon, 16 Dec 2024S$717.9bS$545.8bS$43.6b11.7x16.5x1.3x
Wed, 13 Nov 2024S$704.6bS$540.8bS$44.3b11.3x15.9x1.3x
Fri, 11 Oct 2024S$698.9bS$535.3bS$44.0b11.6x15.9x1.3x
Sun, 08 Sep 2024S$684.0bS$544.1bS$44.7b11.1x15.3x1.3x
Tue, 06 Aug 2024S$646.2bS$543.5bS$43.8b11.2x14.8x1.2x
Thu, 04 Jul 2024S$672.2bS$548.7bS$44.6b12x15.1x1.2x
Sat, 01 Jun 2024S$661.5bS$548.3bS$44.5b11.8x14.9x1.2x
Mon, 29 Apr 2024S$654.0bS$547.7bS$47.0b11.7x13.9x1.2x
Wed, 27 Mar 2024S$646.1bS$545.0bS$47.1b11.4x13.7x1.2x
Fri, 23 Feb 2024S$648.1bS$549.9bS$49.5b11.9x13.1x1.2x
Sun, 21 Jan 2024S$645.4bS$571.7bS$52.0b12.2x12.4x1.1x
Tue, 19 Dec 2023S$644.6bS$571.0bS$52.2b12.4x12.4x1.1x
Thu, 16 Nov 2023S$649.5bS$575.0bS$53.2b12.3x12.2x1.1x
Sat, 14 Oct 2023S$663.9bS$574.8bS$52.5b12.5x12.7x1.2x
Mon, 11 Sep 2023S$673.4bS$574.3bS$52.5b12.9x12.8x1.2x
Wed, 09 Aug 2023S$695.7bS$588.0bS$59.3b12.1x11.7x1.2x
Fri, 07 Jul 2023S$674.1bS$579.9bS$56.8b11.8x11.9x1.2x
Sun, 04 Jun 2023S$675.5bS$579.6bS$56.9b11.2x11.9x1.2x
Tue, 02 May 2023S$702.0bS$570.2bS$53.5b11.6x13.1x1.2x
Thu, 30 Mar 2023S$699.1bS$568.6bS$54.1b11.5x12.9x1.2x
Sat, 25 Feb 2023S$700.3bS$563.2bS$58.0b10.8x12.1x1.2x
Mon, 23 Jan 2023S$707.5bS$558.5bS$58.1b10.6x12.2x1.3x
Wed, 21 Dec 2022S$696.1bS$561.8bS$57.8b10.3x12x1.2x
Fri, 18 Nov 2022S$699.9bS$563.5bS$57.7b10.2x12.1x1.2x
Sun, 16 Oct 2022S$653.0bS$562.3bS$54.7b10.3x11.9x1.2x
Tue, 13 Sep 2022S$713.5bS$559.3bS$54.7b10.8x13x1.3x
Thu, 11 Aug 2022S$717.5bS$543.8bS$51.0b11.4x14.1x1.3x
Sat, 09 Jul 2022S$691.5bS$533.6bS$47.6b11.3x14.5x1.3x
Price to Earnings Ratio

14.5x


Total Market Cap: S$691.5bTotal Earnings: S$47.6bTotal Revenue: S$533.6bTotal 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 2.5% 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 Market2.15%
Tech3.93%
Healthcare3.32%
Real Estate3.05%
Financials2.96%
Industrials2.21%
Consumer Discretionary1.98%
Materials1.70%
Consumer Staples0.56%
Utilities0.21%
Telecom-1.57%
Energy-2.44%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 23.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.9% which is higher than its past year's earnings decline of 14.4% 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 28% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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
D05 DBS Group HoldingsS$45.111.8%
+S$2.3b
21.6%PB1.9xFinancials
H78 Hongkong Land HoldingsUS$6.1211.9%
+US$1.4b
91.8%PS6.7xReal Estate
S68 Singapore ExchangeS$15.088.5%
+S$1.3b
59.9%PE24.6xFinancials
U11 United Overseas BankS$36.062.1%
+S$1.2b
13.9%PB1.3xFinancials
O39 Oversea-Chinese BankingS$16.401.5%
+S$1.1b
10.8%PB1.2xFinancials
See more

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