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Singaporean (SGX) Market Analysis & Valuation

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies504
  • 7D0.8%
  • 3M4.0%
  • 1Y22.9%
  • YTD0.3%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 23% in the past 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026S$891.0bS$562.4bS$55.3b14.9x16.1x1.6x
Thu, 04 Dec 2025S$871.7bS$563.2bS$55.3b15.1x15.8x1.5x
Sat, 01 Nov 2025S$852.9bS$564.9bS$56.6b14.8x15.1x1.5x
Mon, 29 Sep 2025S$822.8bS$563.5bS$56.4b14.4x14.6x1.5x
Wed, 27 Aug 2025S$815.8bS$562.4bS$56.3b13.8x14.5x1.5x
Fri, 25 Jul 2025S$811.0bS$541.9bS$50.9b13.7x15.9x1.5x
Sun, 22 Jun 2025S$732.6bS$542.6bS$51.3b12.5x14.3x1.4x
Tue, 20 May 2025S$731.6bS$549.3bS$48.6b12.2x15x1.3x
Thu, 17 Apr 2025S$697.7bS$552.2bS$47.5b11.4x14.7x1.3x
Sat, 15 Mar 2025S$723.6bS$555.9bS$47.7b11.6x15.2x1.3x
Mon, 10 Feb 2025S$723.7bS$546.3bS$44.4b11.8x16.3x1.3x
Wed, 08 Jan 2025S$721.0bS$547.1bS$43.6b11.5x16.5x1.3x
Fri, 06 Dec 2024S$721.9bS$544.4bS$43.5b11.9x16.6x1.3x
Sun, 03 Nov 2024S$689.8bS$537.1bS$43.8b11.6x15.7x1.3x
Tue, 01 Oct 2024S$712.5bS$539.1bS$44.9b11.4x15.9x1.3x
Thu, 29 Aug 2024S$673.1bS$545.4bS$44.9b11.1x15x1.2x
Sat, 27 Jul 2024S$678.3bS$546.9bS$44.7b11.9x15.2x1.2x
Mon, 24 Jun 2024S$658.3bS$548.5bS$44.4b11.8x14.8x1.2x
Wed, 22 May 2024S$657.3bS$546.6bS$46.9b11.7x14x1.2x
Fri, 19 Apr 2024S$638.8bS$547.7bS$46.8b11.9x13.7x1.2x
Sun, 17 Mar 2024S$636.2bS$544.2bS$47.1b11.4x13.5x1.2x
Tue, 13 Feb 2024S$633.9bS$554.2bS$49.7b11.9x12.7x1.1x
Thu, 11 Jan 2024S$656.1bS$570.6bS$52.1b12.6x12.6x1.1x
Sat, 09 Dec 2023S$643.4bS$571.8bS$52.3b12.1x12.3x1.1x
Mon, 06 Nov 2023S$654.9bS$572.8bS$51.6b12.2x12.7x1.1x
Wed, 04 Oct 2023S$670.8bS$575.2bS$52.5b12.7x12.8x1.2x
Fri, 01 Sep 2023S$679.2bS$572.2bS$52.4b13.4x13x1.2x
Sun, 30 Jul 2023S$709.2bS$580.2bS$56.1b12x12.6x1.2x
Tue, 27 Jun 2023S$681.7bS$579.8bS$56.8b11.6x12x1.2x
Thu, 25 May 2023S$685.3bS$579.4bS$56.4b11.5x12.1x1.2x
Sat, 22 Apr 2023S$711.5bS$569.7bS$54.0b11.6x13.2x1.2x
Mon, 20 Mar 2023S$595.4bS$559.4bS$48.2b11.1x12.4x1.1x
Wed, 15 Feb 2023S$712.2bS$559.9bS$58.2b10.6x12.2x1.3x
Fri, 13 Jan 2023S$700.9bS$559.3bS$57.7b10.2x12.2x1.3x
Price to Earnings Ratio

12.2x


Total Market Cap: S$700.9bTotal Earnings: S$57.7bTotal Revenue: S$559.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.1x202420252026
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 16.1x which is higher than its 3-year average PE of 14.1x.
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 Market0.83%
Industrials1.93%
Materials1.85%
Tech1.77%
Energy1.42%
Financials0.93%
Consumer Discretionary0.72%
Real Estate0.69%
Utilities0.34%
Healthcare0.29%
Consumer Staples-0.20%
Telecom-0.74%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 23.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 49.2%, which is higher than its past year's earnings growth of 4.5% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 4.5% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 18% 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$57.932.5%
+S$4.1b		30.2%PB2.4xFinancials
O39 Oversea-Chinese BankingS$20.181.7%
+S$1.5b		19.8%PB1.5xFinancials
J36 Jardine Matheson HoldingsUS$72.004.5%
+US$925.6m		78.1%PE212.9xIndustrials
U11 United Overseas BankS$35.912.0%
+S$1.2b		-3.1%PB1.2xFinancials
S63 Singapore Technologies EngineeringS$8.682.8%
+S$747.8m		85.1%PE35.2xIndustrials
See more

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S68
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1Y
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1Y
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U11
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H78
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D05
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DBS Group Holdings
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S63
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Z74
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P8Z
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J36
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Jardine Matheson Holdings
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J69U
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Frasers Centrepoint Trust
7D
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1Y
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EB5
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First Resources
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O39
S$20.18
Oversea-Chinese Banking
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1.7%
1Y
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O39: Future Performance Will Reflect Stable Profitability And Measured Long Term Risk Balance

Narrative Update: Oversea-Chinese Banking Analyst Price Target Analysts have made only a marginal upward adjustment to their price target for Oversea-Chinese Banking, citing slightly lower discount rate assumptions and a modestly reduced forward price to earnings multiple as justification for the essentially unchanged fair value estimate of SGD 19.29. Valuation Changes Fair Value: Unchanged at approximately SGD 19.29 per share, reflecting a stable overall valuation view.
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NS8U
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F34
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Wilmar International
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