Header cover image

Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 11, 2025
DataAggregated Company Financials
Companies516
  • 7D-0.3%
  • 3M1.6%
  • 1Y18.4%
  • YTD1.9%

The market has been flat over the last week. More promisingly, the market is up 18% over the past year. Earnings are forecast to grow by 9.7% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Mar 2025S$730.8bS$554.6bS$48.6b11.6x15x1.3x
Thu, 06 Feb 2025S$717.4bS$545.0bS$43.6b12x16.5x1.3x
Sat, 04 Jan 2025S$718.2bS$548.6bS$43.6b11.6x16.5x1.3x
Mon, 02 Dec 2024S$708.1bS$544.1bS$43.5b11.8x16.3x1.3x
Wed, 30 Oct 2024S$695.7bS$537.1bS$43.9b11.5x15.8x1.3x
Fri, 27 Sep 2024S$708.8bS$539.7bS$44.9b11.3x15.8x1.3x
Sun, 25 Aug 2024S$671.7bS$546.3bS$44.9b11x15x1.2x
Tue, 23 Jul 2024S$680.4bS$546.9bS$44.6b11.8x15.3x1.2x
Thu, 20 Jun 2024S$657.2bS$547.8bS$44.4b11.7x14.8x1.2x
Sat, 18 May 2024S$658.6bS$546.8bS$46.9b11.6x14x1.2x
Mon, 15 Apr 2024S$647.0bS$547.7bS$46.8b12x13.8x1.2x
Wed, 13 Mar 2024S$632.2bS$543.2bS$47.1b11.4x13.4x1.2x
Fri, 09 Feb 2024S$634.5bS$554.8bS$49.7b11.8x12.8x1.1x
Sun, 07 Jan 2024S$656.9bS$570.6bS$52.2b12.5x12.6x1.2x
Tue, 05 Dec 2023S$641.1bS$572.6bS$52.4b12.1x12.2x1.1x
Thu, 02 Nov 2023S$641.1bS$575.4bS$52.4b12x12.2x1.1x
Sat, 30 Sep 2023S$672.0bS$574.2bS$52.5b12.8x12.8x1.2x
Mon, 28 Aug 2023S$670.8bS$572.8bS$52.7b13.1x12.7x1.2x
Wed, 26 Jul 2023S$697.5bS$575.8bS$56.7b12.1x12.3x1.2x
Fri, 23 Jun 2023S$689.5bS$578.0bS$56.8b11.4x12.1x1.2x
Sun, 21 May 2023S$691.7bS$579.2bS$56.6b11.4x12.2x1.2x
Tue, 18 Apr 2023S$711.1bS$569.2bS$54.0b11.6x13.2x1.2x
Thu, 16 Mar 2023S$684.5bS$572.1bS$54.3b11.2x12.6x1.2x
Sat, 11 Feb 2023S$718.6bS$558.5bS$57.6b10.5x12.5x1.3x
Mon, 09 Jan 2023S$700.2bS$559.8bS$57.7b10.4x12.1x1.3x
Wed, 07 Dec 2022S$698.0bS$562.5bS$57.8b10.5x12.1x1.2x
Fri, 04 Nov 2022S$672.0bS$561.1bS$54.8b10x12.3x1.2x
Sun, 02 Oct 2022S$676.0bS$564.4bS$54.8b10.4x12.3x1.2x
Tue, 30 Aug 2022S$705.5bS$558.2bS$54.7b10.8x12.9x1.3x
Thu, 28 Jul 2022S$702.6bS$531.8bS$47.6b11.5x14.8x1.3x
Sat, 25 Jun 2022S$689.9bS$531.9bS$47.7b11.4x14.5x1.3x
Mon, 23 May 2022S$700.9bS$529.1bS$47.0b11.9x14.9x1.3x
Wed, 20 Apr 2022S$721.8bS$524.2bS$45.9b12.1x15.7x1.4x
Fri, 18 Mar 2022S$713.0bS$525.3bS$45.8b12x15.6x1.4x
Price to Earnings Ratio

15.6x


Total Market Cap: S$713.0bTotal Earnings: S$45.8bTotal Revenue: S$525.3bTotal 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
  • The earnings for Singaporean listed companies have grown 2.0% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Singaporean Market?

SG Market-0.28%
Energy1.30%
Healthcare0.68%
Consumer Discretionary0.43%
Industrials-0.024%
Financials-0.13%
Tech-0.28%
Consumer Staples-0.35%
Real Estate-0.42%
Telecom-1.02%
Materials-1.84%
Utilities-2.01%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 28.9x.
    • 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$41.052.8%
+US$320.8m
0.5%PS0.3xIndustrials
C38U CapitaLand Integrated Commercial TrustS$2.032.5%
+S$364.9m
3.6%PB1xReal Estate
S63 Singapore Technologies EngineeringS$6.091.0%
+S$186.8m
53.4%PE27xIndustrials
G13 Genting SingaporeS$0.722.1%
+S$181.1m
-20.0%PE15xConsumer Discretionary
NS8U Hutchison Port Holdings TrustUS$0.189.0%
+US$130.7m
44.4%PE19xIndustrials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Talk about chaotic markets. Donald Trump’s on-again off-again tariffs on imports from Canada and Mexico caused markets to see-saw last week. Regardless of what happens next, the uncertainty could now...

Latest News

U14

S$5.77

UOL Group

7D

3.4%

1Y

0.9%

J36

US$41.05

Jardine Matheson Holdings

7D

2.8%

1Y

0.5%

D05

S$44.23

DBS Group Holdings

7D

-2.9%

1Y

45.2%

S68

S$12.88

Singapore Exchange

7D

-2.4%

1Y

37.6%

O39

S$16.69

Oversea-Chinese Banking

7D

-2.8%

1Y

27.5%

NS8U

US$0.18

Hutchison Port Holdings Trust

7D

9.0%

1Y

44.4%

ME8U

S$2.04

Mapletree Industrial Trust

7D

2.5%

1Y

-11.3%