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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 04, 2025
DataAggregated Company Financials
Companies518
  • 7D-0.3%
  • 3M2.2%
  • 1Y19.3%
  • YTD2.2%

The Utilities sector gained 5.9% while the market remained flat over the last week. As for the longer term, the market has risen 19% in the past 12 months. Looking forward, earnings are forecast to grow by 9.6% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Mar 2025S$732.8bS$556.9bS$48.0b11.8x15.3x1.3x
Thu, 30 Jan 2025S$715.3bS$545.2bS$43.5b12x16.4x1.3x
Sat, 28 Dec 2024S$712.0bS$547.2bS$43.6b11.6x16.3x1.3x
Mon, 25 Nov 2024S$707.8bS$543.0bS$43.5b11.5x16.3x1.3x
Wed, 23 Oct 2024S$698.2bS$535.7bS$44.0b11.7x15.9x1.3x
Fri, 20 Sep 2024S$716.1bS$540.2bS$44.9b11.4x16x1.3x
Sun, 18 Aug 2024S$664.4bS$548.3bS$45.0b10.9x14.8x1.2x
Tue, 16 Jul 2024S$689.2bS$546.5bS$44.6b11.8x15.5x1.3x
Thu, 13 Jun 2024S$658.1bS$548.0bS$44.4b11.6x14.8x1.2x
Sat, 11 May 2024S$658.2bS$547.3bS$46.9b11.6x14x1.2x
Mon, 08 Apr 2024S$646.5bS$545.7bS$47.0b11.8x13.7x1.2x
Wed, 06 Mar 2024S$625.4bS$543.3bS$49.1b11.4x12.7x1.2x
Fri, 02 Feb 2024S$641.6bS$572.0bS$51.5b12.3x12.5x1.1x
Sun, 31 Dec 2023S$666.8bS$569.1bS$52.1b12.7x12.8x1.2x
Tue, 28 Nov 2023S$642.8bS$573.0bS$52.4b11.8x12.3x1.1x
Thu, 26 Oct 2023S$640.1bS$574.9bS$52.5b12.3x12.2x1.1x
Sat, 23 Sep 2023S$670.8bS$574.4bS$52.5b12.9x12.8x1.2x
Mon, 21 Aug 2023S$670.0bS$573.1bS$53.2b12.6x12.6x1.2x
Wed, 19 Jul 2023S$693.3bS$574.5bS$56.6b11.9x12.2x1.2x
Fri, 16 Jun 2023S$694.1bS$578.1bS$56.8b11.5x12.2x1.2x
Sun, 14 May 2023S$691.4bS$573.7bS$55.3b11.5x12.5x1.2x
Tue, 11 Apr 2023S$709.4bS$566.8bS$54.4b11.7x13.1x1.3x
Thu, 09 Mar 2023S$694.5bS$572.8bS$54.3b11.2x12.8x1.2x
Sat, 04 Feb 2023S$726.7bS$558.5bS$57.8b10.7x12.6x1.3x
Mon, 02 Jan 2023S$697.0bS$560.2bS$57.7b10.2x12.1x1.2x
Wed, 30 Nov 2022S$698.0bS$565.3bS$57.9b10.3x12.1x1.2x
Fri, 28 Oct 2022S$649.2bS$558.9bS$54.5b9.9x11.9x1.2x
Sun, 25 Sep 2022S$700.3bS$563.2bS$54.8b10.7x12.8x1.2x
Tue, 23 Aug 2022S$712.1bS$558.6bS$54.5b10.9x13.1x1.3x
Thu, 21 Jul 2022S$697.2bS$531.9bS$47.5b11.3x14.7x1.3x
Sat, 18 Jun 2022S$674.7bS$531.6bS$47.8b11.5x14.1x1.3x
Mon, 16 May 2022S$695.8bS$528.2bS$46.5b11.6x15x1.3x
Wed, 13 Apr 2022S$723.4bS$525.0bS$45.9b12.1x15.7x1.4x
Fri, 11 Mar 2022S$701.8bS$525.0bS$45.8b12x15.3x1.3x
Price to Earnings Ratio

15.3x


Total Market Cap: S$701.8bTotal Earnings: S$45.8bTotal Revenue: S$525.0bTotal 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 15.3x 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-0.28%
Utilities5.87%
Telecom3.14%
Healthcare0.65%
Consumer Staples0.25%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Industrials-0.20%
Real Estate-0.24%
Financials-1.19%
Materials-1.53%
Tech-1.54%
Consumer Discretionary-1.64%
Energy-7.68%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 28.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.4% which is higher than its past year's earnings decline of 18.1% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 21% 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
S63 Singapore Technologies EngineeringS$6.0319.2%
+S$3.0b
53.8%PE26.7xIndustrials
Z74 Singapore TelecommunicationsS$3.381.8%
+S$990.1m
46.3%PE75.1xTelecom
U96 Sembcorp IndustriesS$6.256.3%
+S$705.0m
24.5%PE11xUtilities
F34 Wilmar InternationalS$3.233.2%
+S$624.3m
-2.7%PE12.8xConsumer Staples
C6L Singapore AirlinesS$6.821.8%
+S$356.8m
7.2%PE10.3xIndustrials
See more
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Z25

S$0.48

Yanlord Land Group

7D

-18.5%

1Y

10.2%

YF8

S$0.64

Yangzijiang Financial Holding

7D

13.3%

1Y

100.0%

EB5

S$1.59

First Resources

7D

11.2%

1Y

18.7%

O39

S$17.17

Oversea-Chinese Banking

7D

-2.4%

1Y

32.1%

VC2

S$0.94

Olam Group

7D

-18.3%

1Y

-6.9%

S63

S$6.03

Singapore Technologies Engineering

7D

19.2%

1Y

53.8%

C07

S$25.90

Jardine Cycle & Carriage

7D

-1.9%

1Y

5.8%

5E2

S$2.10

Seatrium

7D

-8.3%

1Y

18.0%

BS6

S$2.34

Yangzijiang Shipbuilding (Holdings)

7D

-13.3%

1Y

32.2%

C6L

S$6.82

Singapore Airlines

7D

1.8%

1Y

7.2%