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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 14, 2025
DataAggregated Company Financials
Companies516
  • 7D-1.4%
  • 3M0.8%
  • 1Y16.0%
  • YTD1.0%

Over the last 7 days, the market has dropped 1.4%, driven by a decline of 4.0% in the Financials sector. In contrast to the last week, the market is actually up 16% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Mar 2025S$723.7bS$556.0bS$47.7b11.8x15.2x1.3x
Sun, 09 Feb 2025S$723.7bS$546.3bS$44.4b11.9x16.3x1.3x
Tue, 07 Jan 2025S$720.7bS$546.9bS$43.6b11.5x16.5x1.3x
Thu, 05 Dec 2024S$719.1bS$545.2bS$43.5b11.8x16.5x1.3x
Sat, 02 Nov 2024S$689.8bS$536.8bS$43.8b11.6x15.7x1.3x
Mon, 30 Sep 2024S$710.1bS$539.0bS$44.9b11.4x15.8x1.3x
Wed, 28 Aug 2024S$674.2bS$545.7bS$44.9b10.9x15x1.2x
Fri, 26 Jul 2024S$677.9bS$546.8bS$44.6b11.9x15.2x1.2x
Sun, 23 Jun 2024S$658.3bS$548.5bS$44.4b11.8x14.8x1.2x
Tue, 21 May 2024S$658.7bS$546.5bS$46.9b11.5x14x1.2x
Thu, 18 Apr 2024S$633.2bS$547.8bS$46.8b11.8x13.5x1.2x
Sat, 16 Mar 2024S$636.1bS$544.1bS$47.1b11.4x13.5x1.2x
Mon, 12 Feb 2024S$633.9bS$554.4bS$49.8b11.8x12.7x1.1x
Wed, 10 Jan 2024S$658.9bS$570.7bS$52.2b12.6x12.6x1.2x
Fri, 08 Dec 2023S$637.0bS$572.1bS$52.3b12.2x12.2x1.1x
Sun, 05 Nov 2023S$654.9bS$572.8bS$51.6b12.2x12.7x1.1x
Tue, 03 Oct 2023S$670.6bS$575.0bS$52.5b12.7x12.8x1.2x
Thu, 31 Aug 2023S$676.6bS$572.3bS$52.4b13.1x12.9x1.2x
Sat, 29 Jul 2023S$709.2bS$579.0bS$56.6b12.3x12.5x1.2x
Mon, 26 Jun 2023S$682.3bS$579.8bS$56.8b11.5x12x1.2x
Wed, 24 May 2023S$686.2bS$579.2bS$56.4b11.5x12.2x1.2x
Fri, 21 Apr 2023S$710.1bS$569.4bS$54.0b11.5x13.2x1.2x
Sun, 19 Mar 2023S$530.4bS$526.7bS$42.0b11.2x12.6x1x
Tue, 14 Feb 2023S$712.9bS$559.0bS$57.2b10.6x12.5x1.3x
Thu, 12 Jan 2023S$700.7bS$560.5bS$57.4b10.1x12.2x1.3x
Sat, 10 Dec 2022S$695.8bS$562.3bS$57.8b10.5x12x1.2x
Mon, 07 Nov 2022S$669.7bS$567.7bS$57.8b10.1x11.6x1.2x
Wed, 05 Oct 2022S$676.6bS$563.5bS$54.8b10.6x12.4x1.2x
Fri, 02 Sep 2022S$705.2bS$558.6bS$54.8b10.8x12.9x1.3x
Sun, 31 Jul 2022S$708.9bS$531.7bS$48.6b11.6x14.6x1.3x
Tue, 28 Jun 2022S$695.2bS$531.4bS$47.6b11.4x14.6x1.3x
Thu, 26 May 2022S$690.8bS$529.3bS$47.4b11.9x14.6x1.3x
Sat, 23 Apr 2022S$727.7bS$523.9bS$46.0b12.2x15.8x1.4x
Mon, 21 Mar 2022S$716.0bS$524.6bS$45.7b11.9x15.7x1.4x
Price to Earnings Ratio

15.7x


Total Market Cap: S$716.0bTotal Earnings: S$45.7bTotal Revenue: S$524.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.8x202320242025
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 15.2x which is higher than its 3-year average PE 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 Market-1.35%
Energy2.44%
Real Estate1.60%
Industrials0.66%
Consumer Discretionary0.43%
Materials-0.21%
Consumer Staples-0.60%
Healthcare-0.71%
Tech-0.81%
Telecom-1.13%
Utilities-2.77%
Financials-3.97%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 29.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.5% which is higher than its past year's earnings decline of 18.1% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.5% 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
J36 Jardine Matheson HoldingsUS$43.469.4%
+US$1.1b		10.4%PS0.4xIndustrials
C38U CapitaLand Integrated Commercial TrustS$2.115.5%
+S$802.8m		8.2%PB1xReal Estate
S63 Singapore Technologies EngineeringS$6.252.5%
+S$466.9m		57.0%PE27.7xIndustrials
AJBU Keppel DC REITS$2.216.8%
+S$315.8m		30.0%PB1.5xReal Estate
D01 DFI Retail Group HoldingsUS$2.257.7%
+US$216.6m		2.7%PS0.3xConsumer Staples
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Latest News

D01

US$2.27

DFI Retail Group Holdings

7D

7.1%

1Y

4.1%

DFI Retail Group Holdings (SGX:D01) Has Announced That It Will Be Increasing Its Dividend To $0.07

Mar 13
DFI Retail Group Holdings (SGX:D01) Has Announced That It Will Be Increasing Its Dividend To $0.07

J36

US$43.06

Jardine Matheson Holdings

7D

9.0%

1Y

8.2%

J69U

S$2.22

Frasers Centrepoint Trust

7D

7.2%

1Y

1.8%

U96

S$5.96

Sembcorp Industries

7D

-5.4%

1Y

18.0%

D05

S$44.25

DBS Group Holdings

7D

-3.8%

1Y

40.4%

S68

S$12.79

Singapore Exchange

7D

-3.6%

1Y

35.6%

C6L

S$6.69

Singapore Airlines

7D

-3.0%

1Y

4.9%

The Return Trends At Singapore Airlines (SGX:C6L) Look Promising

Mar 06
The Return Trends At Singapore Airlines (SGX:C6L) Look Promising

BS6

S$2.29

Yangzijiang Shipbuilding (Holdings)

7D

-4.2%

1Y

34.7%

We Think Yangzijiang Shipbuilding (Holdings)'s (SGX:BS6) Robust Earnings Are Conservative

Mar 05
We Think Yangzijiang Shipbuilding (Holdings)'s (SGX:BS6) Robust Earnings Are Conservative

O39

S$16.48

Oversea-Chinese Banking

7D

-4.0%

1Y

23.7%

AJBU

S$2.19

Keppel DC REIT

7D

6.3%

1Y

30.4%

U11

S$36.71

United Overseas Bank

7D

-5.0%

1Y

26.9%

United Overseas Bank (SGX:U11) Is Increasing Its Dividend To SGD1.17

Feb 23
United Overseas Bank (SGX:U11) Is Increasing Its Dividend To SGD1.17

Z74

S$3.32

Singapore Telecommunications

7D

-2.9%

1Y

33.9%

Analysts Have Made A Financial Statement On Singapore Telecommunications Limited's (SGX:Z74) Third-Quarter Report

Feb 20
Analysts Have Made A Financial Statement On Singapore Telecommunications Limited's (SGX:Z74) Third-Quarter Report

C38U

S$2.13

CapitaLand Integrated Commercial Trust

7D

6.0%

1Y

10.9%

A17U

S$2.62

CapitaLand Ascendas REIT

7D

3.6%

1Y

-1.5%

N2IU

S$1.24

Mapletree Pan Asia Commercial Trust

7D

4.2%

1Y

-3.1%

BUOU

S$0.92

Frasers Logistics & Commercial Trust

7D

8.9%

1Y

-10.3%