Header cover image

Singaporean (SGX) Market Analysis & Valuation

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies507
  • 7D1.2%
  • 3M6.5%
  • 1Y21.4%
  • YTD19.8%

The market is up 1.2% over the last week, with the Communication Services sector leading the way, up 8.2%. The market is up 21% over the last 12 months. As for the next few years, earnings are expected to grow by 6.9% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025S$863.1bS$563.6bS$55.4b14.5x15.6x1.5x
Tue, 07 Oct 2025S$847.7bS$564.0bS$56.4b14.7x15x1.5x
Thu, 04 Sep 2025S$823.3bS$563.4bS$56.4b13.9x14.6x1.5x
Sat, 02 Aug 2025S$787.2bS$543.3bS$52.2b13.9x15.1x1.4x
Mon, 30 Jun 2025S$747.2bS$541.4bS$51.3b12.9x14.6x1.4x
Wed, 28 May 2025S$732.4bS$548.5bS$51.4b12.2x14.3x1.3x
Fri, 25 Apr 2025S$725.2bS$551.7bS$47.4b11.7x15.3x1.3x
Sun, 23 Mar 2025S$738.7bS$555.6bS$47.7b11.8x15.5x1.3x
Tue, 18 Feb 2025S$731.6bS$544.8bS$45.1b11.8x16.2x1.3x
Thu, 16 Jan 2025S$709.7bS$547.5bS$43.6b11.5x16.3x1.3x
Sat, 14 Dec 2024S$717.9bS$545.7bS$43.6b11.8x16.5x1.3x
Mon, 11 Nov 2024S$711.1bS$539.3bS$44.3b11.6x16x1.3x
Wed, 09 Oct 2024S$710.4bS$541.9bS$45.0b11.4x15.8x1.3x
Fri, 06 Sep 2024S$684.9bS$545.2bS$44.8b11.1x15.3x1.3x
Sun, 04 Aug 2024S$669.8bS$544.2bS$43.8b11.6x15.3x1.2x
Tue, 02 Jul 2024S$661.6bS$548.5bS$44.6b12x14.8x1.2x
Thu, 30 May 2024S$660.3bS$547.2bS$44.5b11.6x14.8x1.2x
Sat, 27 Apr 2024S$654.0bS$547.5bS$46.8b11.7x14x1.2x
Mon, 25 Mar 2024S$643.6bS$545.8bS$47.1b11.5x13.7x1.2x
Wed, 21 Feb 2024S$652.1bS$553.9bS$49.8b12.1x13.1x1.2x
Fri, 19 Jan 2024S$643.4bS$572.1bS$52.0b12.3x12.4x1.1x
Sun, 17 Dec 2023S$646.3bS$571.1bS$52.2b12.4x12.4x1.1x
Tue, 14 Nov 2023S$640.4bS$574.9bS$54.0b12.1x11.9x1.1x
Thu, 12 Oct 2023S$665.7bS$573.8bS$52.4b12.4x12.7x1.2x
Sat, 09 Sep 2023S$673.4bS$574.0bS$52.5b12.9x12.8x1.2x
Mon, 07 Aug 2023S$693.0bS$584.1bS$57.8b12.1x12x1.2x
Wed, 05 Jul 2023S$683.2bS$579.2bS$56.8b11.8x12x1.2x
Fri, 02 Jun 2023S$675.6bS$580.1bS$56.9b11.3x11.9x1.2x
Sun, 30 Apr 2023S$701.8bS$569.8bS$53.7b11.6x13.1x1.2x
Tue, 28 Mar 2023S$693.4bS$569.2bS$54.1b11.2x12.8x1.2x
Thu, 23 Feb 2023S$706.8bS$559.9bS$58.0b10.6x12.2x1.3x
Sat, 21 Jan 2023S$707.4bS$559.0bS$58.1b10.6x12.2x1.3x
Mon, 19 Dec 2022S$695.4bS$563.1bS$57.9b10.2x12x1.2x
Wed, 16 Nov 2022S$697.7bS$563.3bS$57.7b10.3x12.1x1.2x
Price to Earnings Ratio

12.1x


Total Market Cap: S$697.7bTotal Earnings: S$57.7bTotal Revenue: S$563.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.9x202320242025
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 15.6x which is higher than its 3-year average PE of 13.9x.
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 Market1.17%
Telecom8.21%
Financials1.46%
Healthcare1.17%
Consumer Staples1.09%
Consumer Discretionary0.18%
Industrials0.085%
Tech-0.55%
Materials-0.79%
Real Estate-0.80%
Energy-1.59%
Utilities-2.41%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 41.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings 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 10.2x.
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 Telecom sector is expected to see its earnings decline by 14% 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$4.638.9%
+S$6.3b
42.5%PE12.3xTelecom
O39 Oversea-Chinese BankingS$17.784.4%
+S$3.4b
10.7%PB1.3xFinancials
D05 DBS Group HoldingsS$54.981.9%
+S$3.0b
29.7%PB2.3xFinancials
J36 Jardine Matheson HoldingsUS$62.376.2%
+US$1.1b
52.8%PE184.5xIndustrials
F34 Wilmar InternationalS$3.284.8%
+S$936.4m
4.5%PE13.3xConsumer Staples
See more

Latest News