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Singaporean (SGX) Market Analysis & Valuation

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies504
  • 7D0.8%
  • 3M5.5%
  • 1Y28.6%
  • YTD5.5%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 29% in the past 12 months. Earnings are forecast to grow by 4.8% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026S$943.4bS$533.8bS$60.5b14x15.6x1.8x
Mon, 02 Mar 2026S$954.5bS$532.5bS$57.1b14.8x16.7x1.8x
Wed, 28 Jan 2026S$933.3bS$560.6bS$55.5b15.5x16.8x1.7x
Fri, 26 Dec 2025S$882.9bS$561.9bS$55.3b14.7x16x1.6x
Sun, 23 Nov 2025S$858.8bS$565.1bS$55.2b14.9x15.5x1.5x
Tue, 21 Oct 2025S$829.7bS$563.8bS$56.4b14.4x14.7x1.5x
Thu, 18 Sep 2025S$834.2bS$561.5bS$56.2b14.4x14.8x1.5x
Sat, 16 Aug 2025S$802.1bS$554.0bS$55.2b13.7x14.5x1.4x
Mon, 14 Jul 2025S$772.5bS$542.3bS$51.3b12.8x15.1x1.4x
Wed, 11 Jun 2025S$742.0bS$543.4bS$51.3b12.5x14.5x1.4x
Fri, 09 May 2025S$727.4bS$549.9bS$47.6b11.9x15.3x1.3x
Sun, 06 Apr 2025S$723.3bS$557.1bS$47.6b11.6x15.2x1.3x
Tue, 04 Mar 2025S$732.8bS$556.9bS$48.0b11.8x15.3x1.3x
Thu, 30 Jan 2025S$715.3bS$545.2bS$43.5b12x16.4x1.3x
Sat, 28 Dec 2024S$712.0bS$547.2bS$43.6b11.6x16.3x1.3x
Mon, 25 Nov 2024S$707.8bS$543.0bS$43.5b11.5x16.3x1.3x
Wed, 23 Oct 2024S$698.2bS$535.7bS$44.0b11.7x15.9x1.3x
Fri, 20 Sep 2024S$716.1bS$540.2bS$44.9b11.4x16x1.3x
Sun, 18 Aug 2024S$664.4bS$548.3bS$45.0b10.9x14.8x1.2x
Tue, 16 Jul 2024S$689.2bS$546.5bS$44.6b11.8x15.5x1.3x
Thu, 13 Jun 2024S$658.1bS$548.0bS$44.4b11.6x14.8x1.2x
Sat, 11 May 2024S$658.2bS$547.3bS$46.9b11.6x14x1.2x
Mon, 08 Apr 2024S$646.5bS$545.7bS$47.0b11.8x13.7x1.2x
Wed, 06 Mar 2024S$625.4bS$543.3bS$49.1b11.4x12.7x1.2x
Fri, 02 Feb 2024S$641.6bS$572.0bS$51.5b12.3x12.5x1.1x
Sun, 31 Dec 2023S$666.8bS$569.1bS$52.1b12.7x12.8x1.2x
Tue, 28 Nov 2023S$642.8bS$573.0bS$52.4b11.8x12.3x1.1x
Thu, 26 Oct 2023S$640.1bS$574.9bS$52.5b12.3x12.2x1.1x
Sat, 23 Sep 2023S$670.8bS$574.4bS$52.5b12.9x12.8x1.2x
Mon, 21 Aug 2023S$670.0bS$573.1bS$53.2b12.6x12.6x1.2x
Wed, 19 Jul 2023S$693.3bS$574.5bS$56.6b11.9x12.2x1.2x
Fri, 16 Jun 2023S$694.1bS$578.1bS$56.8b11.5x12.2x1.2x
Sun, 14 May 2023S$691.4bS$573.7bS$55.3b11.5x12.5x1.2x
Tue, 11 Apr 2023S$709.4bS$566.8bS$54.4b11.7x13.1x1.3x
Price to Earnings Ratio

13.1x


Total Market Cap: S$709.4bTotal Earnings: S$54.4bTotal Revenue: S$566.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.4x202420252026
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 14.4x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 3.6% 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 Market0.76%
Utilities2.99%
Energy1.89%
Financials1.41%
Materials1.30%
Consumer Staples0.99%
Consumer Discretionary0.74%
Healthcare0.48%
Industrials0.23%
Real Estate0.22%
Telecom-0.028%
Tech-1.28%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 47.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.6% 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$22.383.8%
+S$3.6b		34.7%PB1.6xFinancials
D05 DBS Group HoldingsS$57.550.7%
+S$1.1b		32.9%PB2.4xFinancials
A17U CapitaLand Ascendas REITS$2.500%
S$623.4m		-8.4%PB1.1xReal Estate
J36 Jardine Matheson HoldingsUS$74.392.2%
+US$457.3m		77.3%PE19.7xIndustrials
U96 Sembcorp IndustriesS$6.753.8%
+S$444.5m		5.3%PE12.2xUtilities
See more

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Latest News

S68
S$20.00
Singapore Exchange
7D
1.7%
1Y
53.6%
C07
S$34.31
Jardine Cycle & Carriage
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-1.7%
1Y
33.8%
Y92
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Thai Beverage
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Y92: Cleaner Capital Structure Will Support Future Upside Potential

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A17U
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CapitaLand Ascendas REIT
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0%
1Y
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C09
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AIY
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D05
S$57.55
DBS Group Holdings
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0.7%
1Y
32.9%
F34
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17.1%

There May Be Underlying Issues With The Quality Of Wilmar International's (SGX:F34) Earnings

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P8Z
S$1.88
Bumitama Agri
7D
10.6%
1Y
119.9%
U96
S$6.75
Sembcorp Industries
7D
3.8%
1Y
5.3%
O39
S$22.38
Oversea-Chinese Banking
7D
3.8%
1Y
34.7%
AWX
S$4.16
AEM Holdings
7D
-8.6%
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235.5%
J36
US$74.39
Jardine Matheson Holdings
7D
2.2%
1Y
77.3%

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Analysts have lifted their price target on Jardine Matheson Holdings from $69.50 to about $80.40, citing updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What's in the News A proposed final dividend of US$1.75 per share for 2025 is scheduled for payment on 13 May 2026, subject to approval at the AGM on 7 May 2026 (Key Developments).
U10
S$3.44
UOB-Kay Hian Holdings
7D
-2.5%
1Y
94.4%