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Singaporean (SGX) Market Analysis & Valuation

UpdatedFeb 19, 2025
DataAggregated Company Financials
Companies515
  • 7D1.5%
  • 3M3.6%
  • 1Y15.5%
  • YTD2.5%

The market is up 1.5% over the last week, with the Financials sector leading the way, up 2.0%. As for the past 12 months, the market is up 15%. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025S$734.1bS$545.0bS$45.1b11.9x16.3x1.3x
Sun, 19 Jan 2025S$715.9bS$547.8bS$43.6b11.9x16.4x1.3x
Tue, 17 Dec 2024S$718.2bS$545.8bS$43.6b11.6x16.5x1.3x
Thu, 14 Nov 2024S$705.5bS$540.6bS$43.2b11.2x16.3x1.3x
Sat, 12 Oct 2024S$696.4bS$534.6bS$43.9b11.6x15.9x1.3x
Mon, 09 Sep 2024S$684.0bS$544.5bS$44.7b11.1x15.3x1.3x
Wed, 07 Aug 2024S$639.1bS$544.3bS$44.1b11.1x14.5x1.2x
Fri, 05 Jul 2024S$676.5bS$547.9bS$44.6b12x15.2x1.2x
Sun, 02 Jun 2024S$661.5bS$548.2bS$44.5b11.8x14.9x1.2x
Tue, 30 Apr 2024S$654.5bS$547.3bS$47.0b11.8x13.9x1.2x
Thu, 28 Mar 2024S$649.1bS$545.6bS$47.1b11.7x13.8x1.2x
Sat, 24 Feb 2024S$641.2bS$550.2bS$49.5b11.9x13x1.2x
Mon, 22 Jan 2024S$645.4bS$571.7bS$52.0b12.2x12.4x1.1x
Wed, 20 Dec 2023S$645.0bS$570.9bS$52.2b12.5x12.4x1.1x
Fri, 17 Nov 2023S$649.5bS$574.9bS$52.6b12.1x12.4x1.1x
Sun, 15 Oct 2023S$663.9bS$574.9bS$52.5b12.5x12.6x1.2x
Tue, 12 Sep 2023S$674.7bS$573.7bS$52.5b12.8x12.9x1.2x
Thu, 10 Aug 2023S$695.2bS$583.8bS$59.0b12x11.8x1.2x
Sat, 08 Jul 2023S$673.0bS$578.7bS$56.8b11.7x11.9x1.2x
Mon, 05 Jun 2023S$675.5bS$579.6bS$56.9b11.2x11.9x1.2x
Wed, 03 May 2023S$702.0bS$570.2bS$53.5b11.6x13.1x1.2x
Fri, 31 Mar 2023S$698.6bS$568.5bS$54.0b11.6x12.9x1.2x
Sun, 26 Feb 2023S$700.2bS$564.3bS$58.2b11.1x12x1.2x
Tue, 24 Jan 2023S$707.5bS$558.6bS$58.1b10.6x12.2x1.3x
Thu, 22 Dec 2022S$696.3bS$562.1bS$57.8b10.3x12x1.2x
Sat, 19 Nov 2022S$696.9bS$564.8bS$57.7b10.2x12.1x1.2x
Mon, 17 Oct 2022S$653.0bS$562.3bS$54.7b10.3x11.9x1.2x
Wed, 14 Sep 2022S$713.5bS$559.3bS$54.7b10.8x13x1.3x
Fri, 12 Aug 2022S$720.2bS$543.1bS$51.1b11.4x14.1x1.3x
Sun, 10 Jul 2022S$691.5bS$533.3bS$47.6b11.3x14.5x1.3x
Tue, 07 Jun 2022S$700.0bS$529.5bS$47.7b12.2x14.7x1.3x
Thu, 05 May 2022S$727.3bS$527.1bS$46.2b12.1x15.7x1.4x
Sat, 02 Apr 2022S$735.7bS$523.8bS$45.7b12.1x16.1x1.4x
Mon, 28 Feb 2022S$708.2bS$508.6bS$41.5b12.6x17.1x1.4x
Price to Earnings Ratio

17.1x


Total Market Cap: S$708.2bTotal Earnings: S$41.5bTotal Revenue: S$508.6bTotal 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 16.3x which is higher than its 3-year average PE of 13.8x.
Past Earnings Growth
  • The earnings for Singaporean listed companies have grown 3.1% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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 Market1.45%
Energy4.26%
Utilities3.53%
Industrials3.24%
Materials2.29%
Financials1.98%
Tech1.98%
Consumer Discretionary1.74%
Real Estate0.072%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Healthcare-0.16%
Consumer Staples-0.19%
Telecom-0.26%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 36.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.1% which is higher than its past year's earnings decline of 12.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.1% 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$46.082.3%
+S$2.9b
49.3%PB1.9xFinancials
O39 Oversea-Chinese BankingS$17.722.1%
+S$1.7b
31.7%PB1.4xFinancials
U11 United Overseas BankS$38.432.1%
+S$1.3b
34.8%PB1.4xFinancials
BS6 Yangzijiang Shipbuilding (Holdings)S$3.307.8%
+S$948.1m
95.3%PE13xIndustrials
J36 Jardine Matheson HoldingsUS$41.495.0%
+US$580.3m
-3.3%PE151.2xIndustrials
See more
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U11

S$38.43

United Overseas Bank

7D

2.1%

1Y

34.8%

E5H

S$0.24

Golden Agri-Resources

7D

-4.0%

1Y

-11.1%

S68

S$12.67

Singapore Exchange

7D

-5.9%

1Y

32.4%

AJBU

S$2.10

Keppel DC REIT

7D

-2.8%

1Y

18.6%

O39

S$17.72

Oversea-Chinese Banking

7D

2.1%

1Y

31.7%

S63

S$5.07

Singapore Technologies Engineering

7D

1.8%

1Y

27.4%

U96

S$5.54

Sembcorp Industries

7D

3.6%

1Y

3.9%

5E2

S$2.50

Seatrium

7D

-2.0%

1Y

25.0%

9CI

S$2.44

CapitaLand Investment

7D

-2.8%

1Y

-15.9%

BS6

S$3.30

Yangzijiang Shipbuilding (Holdings)

7D

7.8%

1Y

95.3%