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Singaporean (SGX) Market Analysis & Valuation

UpdatedJan 05, 2025
DataAggregated Company Financials
Companies518
  • 7D0.8%
  • 3M3.1%
  • 1Y13.2%
  • YTD0.2%

The market has been flat over the last week. As for the longer term, the market has risen 13% in the past 12 months. As for the next few years, earnings are expected to grow by 11% 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 Jan 2025S$718.2bS$548.6bS$43.7b11.6x16.4x1.3x
Tue, 03 Dec 2024S$710.8bS$544.9bS$43.5b11.7x16.3x1.3x
Thu, 31 Oct 2024S$690.4bS$536.8bS$43.8b11.5x15.7x1.3x
Sat, 28 Sep 2024S$710.0bS$539.4bS$44.9b11.4x15.8x1.3x
Mon, 26 Aug 2024S$671.7bS$546.3bS$44.9b11x15x1.2x
Wed, 24 Jul 2024S$683.7bS$547.0bS$44.6b11.9x15.3x1.2x
Fri, 21 Jun 2024S$656.7bS$548.1bS$44.4b11.8x14.8x1.2x
Sun, 19 May 2024S$658.6bS$546.5bS$46.9b11.6x14x1.2x
Tue, 16 Apr 2024S$640.0bS$547.6bS$46.8b11.9x13.7x1.2x
Thu, 14 Mar 2024S$635.0bS$543.5bS$47.1b11.6x13.5x1.2x
Sat, 10 Feb 2024S$633.7bS$554.4bS$49.8b11.8x12.7x1.1x
Mon, 08 Jan 2024S$656.9bS$570.6bS$52.2b12.5x12.6x1.2x
Wed, 06 Dec 2023S$636.6bS$571.9bS$52.3b12x12.2x1.1x
Fri, 03 Nov 2023S$643.9bS$574.4bS$52.3b12.2x12.3x1.1x
Sun, 01 Oct 2023S$672.0bS$574.4bS$52.5b12.8x12.8x1.2x
Tue, 29 Aug 2023S$675.1bS$573.0bS$52.7b13.2x12.8x1.2x
Thu, 27 Jul 2023S$699.8bS$575.5bS$56.6b12.1x12.4x1.2x
Sat, 24 Jun 2023S$682.3bS$579.9bS$56.8b11.5x12x1.2x
Mon, 22 May 2023S$691.7bS$579.2bS$56.6b11.4x12.2x1.2x
Wed, 19 Apr 2023S$710.0bS$569.3bS$54.0b11.6x13.2x1.2x
Fri, 17 Mar 2023S$681.4bS$571.8bS$54.2b11.1x12.6x1.2x
Sun, 12 Feb 2023S$718.6bS$558.7bS$57.5b10.6x12.5x1.3x
Tue, 10 Jan 2023S$705.5bS$559.8bS$57.7b10.2x12.2x1.3x
Thu, 08 Dec 2022S$692.8bS$562.5bS$57.8b10.5x12x1.2x
Sat, 05 Nov 2022S$669.7bS$563.0bS$55.4b10x12.1x1.2x
Mon, 03 Oct 2022S$676.0bS$564.4bS$54.8b10.5x12.3x1.2x
Wed, 31 Aug 2022S$709.0bS$558.5bS$54.7b10.7x13x1.3x
Fri, 29 Jul 2022S$702.6bS$531.8bS$47.6b11.5x14.8x1.3x
Sun, 26 Jun 2022S$689.9bS$531.4bS$47.6b11.4x14.5x1.3x
Tue, 24 May 2022S$696.1bS$529.1bS$47.2b11.9x14.7x1.3x
Thu, 21 Apr 2022S$725.9bS$525.1bS$45.9b12.2x15.8x1.4x
Sat, 19 Mar 2022S$716.0bS$524.4bS$45.7b11.9x15.7x1.4x
Mon, 14 Feb 2022S$728.2bS$485.1bS$34.8b12.9x20.9x1.5x
Wed, 12 Jan 2022S$702.6bS$483.3bS$31.4b13.3x22.3x1.5x
Price to Earnings Ratio

22.3x


Total Market Cap: S$702.6bTotal Earnings: S$31.4bTotal Revenue: S$483.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14x202320242025
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 16.4x which is higher than its 3-year average PE of 14.0x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 4.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market0.84%
Utilities1.98%
Real Estate1.70%
Consumer Staples1.39%
Materials1.03%
Industrials1.01%
Tech0.88%
Energy0.87%
Financials0.49%
Healthcare0.17%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Telecom-0.18%
Consumer Discretionary-0.47%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 33.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.1%, which is higher than its past year's earnings growth of 3.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 3.7% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.4% 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
U11 United Overseas BankS$36.581.6%
+S$936.1m
29.1%PB1.4xFinancials
Y92 Thai BeverageS$0.573.6%
+S$502.6m
5.6%PE13.3xConsumer Staples
5E2 SeatriumS$2.196.8%
+S$472.1m
-3.1%PS0.9xIndustrials
9CI CapitaLand InvestmentS$2.682.7%
+S$348.8m
-10.7%PE82.9xReal Estate
S63 Singapore Technologies EngineeringS$4.702.2%
+S$311.5m
24.3%PE22.8xIndustrials
See more
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Market Insights

First, let us say, Happy New Year! 2024 was a jam packed year, which no doubt kept a lot of us on our toes. So what does 2025 have in store for us...

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A17U

S$2.64

CapitaLand Ascendas REIT

7D

2.7%

1Y

-10.2%

9CI

S$2.68

CapitaLand Investment

7D

2.7%

1Y

-10.7%

Y92

S$0.57

Thai Beverage

7D

3.6%

1Y

5.6%

U11

S$36.58

United Overseas Bank

7D

1.6%

1Y

29.1%

O39

S$16.57

Oversea-Chinese Banking

7D

0.3%

1Y

29.4%

V03

S$13.11

Venture

7D

-0.7%

1Y

-3.4%

J36

US$40.98

Jardine Matheson Holdings

7D

-1.1%

1Y

1.3%

1B0

S$0.012

mm2 Asia

7D

-20.0%

1Y

-60.0%

C38U

S$1.97

CapitaLand Integrated Commercial Trust

7D

1.5%

1Y

-2.0%

H15

S$3.56

Hotel Properties

7D

-0.8%

1Y

-1.9%