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Singaporean (SGX) Market Analysis & Valuation

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies500
  • 7D1.0%
  • 3M3.6%
  • 1Y26.6%
  • YTD9.3%

The market has climbed 1.0% in the last 7 days, lead by the Financials sector with a gain of 1.6%. In contrast, the Utilities sector is lagging, dropping 5.4%. In the last year, the market has climbed 27%. As for the next few years, earnings are expected to grow by 7.0% 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, 05 Jul 2026S$981.1bS$535.5bS$58.0b13.9x16.9x1.8x
Tue, 02 Jun 2026S$959.6bS$534.2bS$58.2b14.5x16.5x1.8x
Thu, 30 Apr 2026S$942.8bS$532.2bS$60.1b14.7x15.7x1.8x
Sat, 28 Mar 2026S$936.2bS$533.7bS$60.5b13.9x15.5x1.8x
Mon, 23 Feb 2026S$951.0bS$559.7bS$56.3b15.1x16.9x1.7x
Wed, 21 Jan 2026S$914.2bS$563.2bS$55.4b15.2x16.5x1.6x
Fri, 19 Dec 2025S$871.6bS$562.9bS$55.3b14.6x15.8x1.5x
Sun, 16 Nov 2025S$870.4bS$562.9bS$55.2b14.5x15.8x1.5x
Tue, 14 Oct 2025S$841.6bS$564.5bS$56.4b14.7x14.9x1.5x
Thu, 11 Sep 2025S$833.3bS$562.8bS$56.3b14.3x14.8x1.5x
Sat, 09 Aug 2025S$801.9bS$542.6bS$52.2b13.8x15.4x1.5x
Mon, 07 Jul 2025S$757.9bS$541.1bS$51.3b13x14.8x1.4x
Wed, 04 Jun 2025S$732.9bS$549.1bS$51.4b12.3x14.2x1.3x
Fri, 02 May 2025S$725.7bS$551.9bS$47.5b11.6x15.3x1.3x
Sun, 30 Mar 2025S$746.0bS$556.6bS$47.6b11.8x15.7x1.3x
Tue, 25 Feb 2025S$734.3bS$547.7bS$47.6b11.9x15.4x1.3x
Thu, 23 Jan 2025S$712.4bS$545.8bS$43.6b11.8x16.3x1.3x
Sat, 21 Dec 2024S$702.8bS$546.9bS$43.6b11.6x16.1x1.3x
Mon, 18 Nov 2024S$707.9bS$541.9bS$43.6b11.6x16.2x1.3x
Wed, 16 Oct 2024S$698.4bS$534.9bS$44.0b11.6x15.9x1.3x
Fri, 13 Sep 2024S$699.4bS$541.8bS$44.9b11.1x15.6x1.3x
Sun, 11 Aug 2024S$649.5bS$543.7bS$44.3b11x14.7x1.2x
Tue, 09 Jul 2024S$671.2bS$547.7bS$44.6b11.9x15x1.2x
Thu, 06 Jun 2024S$662.0bS$547.4bS$44.4b11.7x14.9x1.2x
Sat, 04 May 2024S$654.3bS$546.4bS$46.6b11.9x14.1x1.2x
Mon, 01 Apr 2024S$645.8bS$545.7bS$47.1b11.8x13.7x1.2x
Wed, 28 Feb 2024S$635.8bS$543.9bS$49.3b11.6x12.9x1.2x
Fri, 26 Jan 2024S$643.5bS$571.4bS$51.9b12.3x12.4x1.1x
Sun, 24 Dec 2023S$648.8bS$569.7bS$52.1b12.6x12.4x1.1x
Tue, 21 Nov 2023S$645.7bS$573.3bS$52.5b12x12.3x1.1x
Thu, 19 Oct 2023S$653.6bS$574.9bS$52.5b12.3x12.5x1.1x
Sat, 16 Sep 2023S$678.7bS$573.5bS$52.4b12.8x12.9x1.2x
Mon, 14 Aug 2023S$692.8bS$574.3bS$54.5b12.6x12.7x1.2x
Wed, 12 Jul 2023S$677.6bS$577.9bS$56.8b11.5x11.9x1.2x
Price to Earnings Ratio

11.9x


Total Market Cap: S$677.6bTotal Earnings: S$56.8bTotal Revenue: S$577.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14.8x202420252026
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 16.9x which is higher than its 3-year average PE of 14.8x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have declined 2.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined yet profits have remained steady.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market1.04%
Energy4.72%
Consumer Staples1.77%
Financials1.63%
Healthcare1.57%
Tech1.17%
Consumer Discretionary1.00%
Materials0.98%
Telecom0.84%
Industrials0.83%
Real Estate0.088%
Utilities-5.44%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 55.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.8% which is higher than its past year's earnings decline of 3.3% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 11% 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$66.762.0%
+S$3.8b		47.7%PB2.8xFinancials
O39 Oversea-Chinese BankingS$25.311.8%
+S$2.0b		53.6%PB1.8xFinancials
S63 Singapore Technologies EngineeringS$10.854.2%
+S$1.4b		39.1%PE73.1xIndustrials
U11 United Overseas BankS$40.241.1%
+S$726.5m		11.4%PB1.4xFinancials
Z74 Singapore TelecommunicationsS$4.470.9%
+S$653.7m		15.8%PE13xTelecom
See more

Market Insights

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Markets are supposed to reprice risk when it changes. This time they've repriced the promise, but left the threat largely untouched. Whether that's an oversight or a fair call is worth thinking through.
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