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Singaporean (SGX) Market Analysis & Valuation

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies510
  • 7D0.6%
  • 3M11.2%
  • 1Y22.6%
  • YTD13.8%

In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 4.5%. As for the longer term, the market has risen 23% in the past 12 months. Looking forward, earnings are forecast to grow by 6.1% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025S$818.7bS$562.2bS$56.3b13.8x14.6x1.5x
Tue, 29 Jul 2025S$806.1bS$541.5bS$50.6b13.7x15.9x1.5x
Thu, 26 Jun 2025S$739.3bS$542.0bS$51.3b12.7x14.4x1.4x
Sat, 24 May 2025S$733.4bS$548.3bS$51.9b12.4x14.1x1.3x
Mon, 21 Apr 2025S$706.8bS$551.6bS$47.4b11.4x14.9x1.3x
Wed, 19 Mar 2025S$733.1bS$555.5bS$47.7b11.6x15.4x1.3x
Fri, 14 Feb 2025S$728.3bS$546.2bS$45.0b11.8x16.2x1.3x
Sun, 12 Jan 2025S$714.3bS$548.2bS$43.6b11.6x16.4x1.3x
Tue, 10 Dec 2024S$717.4bS$544.4bS$43.5b11.7x16.5x1.3x
Thu, 07 Nov 2024S$696.6bS$538.6bS$44.2b11.7x15.8x1.3x
Sat, 05 Oct 2024S$713.9bS$541.3bS$45.0b11.7x15.9x1.3x
Mon, 02 Sep 2024S$682.1bS$545.7bS$44.9b11x15.2x1.2x
Wed, 31 Jul 2024S$681.0bS$546.9bS$44.5b11.7x15.3x1.2x
Fri, 28 Jun 2024S$662.4bS$548.7bS$44.4b11.8x14.9x1.2x
Sun, 26 May 2024S$658.4bS$547.1bS$44.5b11.7x14.8x1.2x
Tue, 23 Apr 2024S$636.0bS$547.6bS$46.8b11.8x13.6x1.2x
Thu, 21 Mar 2024S$636.3bS$545.1bS$47.1b11.4x13.5x1.2x
Sat, 17 Feb 2024S$648.5bS$554.6bS$49.7b12x13x1.2x
Mon, 15 Jan 2024S$654.4bS$570.5bS$51.9b12.4x12.6x1.1x
Wed, 13 Dec 2023S$641.9bS$571.9bS$52.3b12.3x12.3x1.1x
Fri, 10 Nov 2023S$646.0bS$574.6bS$53.7b12.2x12x1.1x
Sun, 08 Oct 2023S$662.9bS$573.9bS$52.4b12.4x12.6x1.2x
Tue, 05 Sep 2023S$679.4bS$572.5bS$52.4b13x13x1.2x
Thu, 03 Aug 2023S$698.0bS$581.2bS$56.2b12.2x12.4x1.2x
Sat, 01 Jul 2023S$682.8bS$580.2bS$56.9b11.9x12x1.2x
Mon, 29 May 2023S$684.2bS$580.2bS$56.9b11.3x12x1.2x
Wed, 26 Apr 2023S$705.8bS$569.9bS$54.0b11.6x13.1x1.2x
Fri, 24 Mar 2023S$601.1bS$557.4bS$48.1b11x12.5x1.1x
Sun, 19 Feb 2023S$711.4bS$560.8bS$58.0b10.6x12.3x1.3x
Tue, 17 Jan 2023S$704.0bS$558.7bS$58.1b10.3x12.1x1.3x
Thu, 15 Dec 2022S$701.4bS$561.2bS$57.8b10.5x12.1x1.2x
Sat, 12 Nov 2022S$688.6bS$565.0bS$57.6b10.2x11.9x1.2x
Mon, 10 Oct 2022S$677.4bS$563.6bS$54.8b10.4x12.4x1.2x
Wed, 07 Sep 2022S$705.0bS$560.1bS$54.8b10.7x12.9x1.3x
Price to Earnings Ratio

12.9x


Total Market Cap: S$705.0bTotal Earnings: S$54.8bTotal Revenue: S$560.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.8x202320242025
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 13.8x.
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 Market0.57%
Healthcare4.53%
Telecom2.42%
Real Estate1.64%
Industrials0.94%
Tech0.92%
Consumer Staples0.84%
Energy0.64%
Materials0.33%
Financials-0.55%
Utilities-0.73%
Consumer Discretionary-1.72%
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 39.4x.
    • Analysts are expecting annual earnings decline of 22.8% which is lower than the prior year's growth of 11.3% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 23% 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$4.312.6%
+S$1.8b		37.7%PE11.5xTelecom
J36 Jardine Matheson HoldingsUS$60.595.2%
+US$874.9m		68.1%PE176.7xIndustrials
BN4 KeppelS$8.754.7%
+S$691.2m		41.8%PE17.5xIndustrials
A50 Thomson Medical GroupS$0.06129.8%
+S$370.2m		24.5%PE3119.7xHealthcare
F34 Wilmar InternationalS$2.951.4%
+S$249.7m		-6.1%PE12.1xConsumer Staples
See more

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