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Singaporean (SGX) Market Analysis & Valuation

UpdatedMar 06, 2025
DataAggregated Company Financials
Companies518
  • 7D-0.2%
  • 3M1.1%
  • 1Y18.7%
  • YTD1.9%

The Utilities sector gained 5.8% while the market remained flat over the last week. Meanwhile, the market is actually up 19% over the past year. Looking forward, earnings are forecast to grow by 9.5% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Mar 2025S$730.7bS$555.8bS$48.5b11.8x15.1x1.3x
Sat, 01 Feb 2025S$724.4bS$546.4bS$43.5b12x16.6x1.3x
Mon, 30 Dec 2024S$712.0bS$547.2bS$43.6b11.6x16.3x1.3x
Wed, 27 Nov 2024S$702.9bS$542.7bS$43.5b11.7x16.2x1.3x
Fri, 25 Oct 2024S$699.5bS$536.4bS$44.0b11.8x15.9x1.3x
Sun, 22 Sep 2024S$713.6bS$540.3bS$44.9b11.4x15.9x1.3x
Tue, 20 Aug 2024S$664.4bS$547.7bS$45.0b10.7x14.8x1.2x
Thu, 18 Jul 2024S$688.1bS$546.4bS$44.6b11.9x15.4x1.3x
Sat, 15 Jun 2024S$655.9bS$548.2bS$44.4b11.8x14.8x1.2x
Mon, 13 May 2024S$658.2bS$547.2bS$46.9b11.6x14x1.2x
Wed, 10 Apr 2024S$650.6bS$545.3bS$47.0b11.8x13.8x1.2x
Fri, 08 Mar 2024S$630.6bS$542.6bS$48.8b11x12.9x1.2x
Sun, 04 Feb 2024S$648.1bS$572.3bS$50.7b12.3x12.8x1.1x
Tue, 02 Jan 2024S$666.8bS$569.2bS$52.1b12.7x12.8x1.2x
Thu, 30 Nov 2023S$641.9bS$572.3bS$52.4b11.7x12.3x1.1x
Sat, 28 Oct 2023S$637.8bS$575.0bS$52.4b12.1x12.2x1.1x
Mon, 25 Sep 2023S$670.8bS$574.5bS$52.5b12.9x12.8x1.2x
Wed, 23 Aug 2023S$666.3bS$572.9bS$53.1b12.4x12.6x1.2x
Fri, 21 Jul 2023S$694.8bS$574.9bS$56.6b11.9x12.3x1.2x
Sun, 18 Jun 2023S$697.6bS$577.3bS$56.8b11.6x12.3x1.2x
Tue, 16 May 2023S$691.4bS$573.7bS$55.2b11.5x12.5x1.2x
Thu, 13 Apr 2023S$706.1bS$569.0bS$54.0b11.7x13.1x1.2x
Sat, 11 Mar 2023S$685.1bS$572.7bS$54.4b11x12.6x1.2x
Mon, 06 Feb 2023S$726.7bS$558.2bS$57.6b10.6x12.6x1.3x
Wed, 04 Jan 2023S$695.6bS$561.3bS$57.7b10.2x12x1.2x
Fri, 02 Dec 2022S$702.5bS$564.1bS$57.8b10.4x12.1x1.2x
Sun, 30 Oct 2022S$654.5bS$560.4bS$54.7b10.1x12x1.2x
Tue, 27 Sep 2022S$688.9bS$563.3bS$54.8b10.4x12.6x1.2x
Thu, 25 Aug 2022S$707.3bS$558.5bS$54.4b10.8x13x1.3x
Sat, 23 Jul 2022S$694.3bS$532.0bS$47.5b11.4x14.6x1.3x
Mon, 20 Jun 2022S$692.3bS$532.4bS$47.8b11.5x14.5x1.3x
Wed, 18 May 2022S$698.4bS$528.3bS$46.5b11.7x15x1.3x
Fri, 15 Apr 2022S$726.7bS$524.8bS$45.9b12.3x15.8x1.4x
Sun, 13 Mar 2022S$703.2bS$525.6bS$45.8b12x15.4x1.3x
Price to Earnings Ratio

15.4x


Total Market Cap: S$703.2bTotal Earnings: S$45.8bTotal Revenue: S$525.6bTotal 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
  • 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-0.22%
Utilities5.79%
Telecom1.90%
Industrials0.83%
Consumer Staples0.24%
Healthcare-0.024%
Real Estate-0.12%
Tech-1.22%
Consumer Discretionary-1.23%
Financials-1.26%
Materials-2.41%
Energy-7.67%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 28.8x.
    • 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 growth of 7.7% 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 34% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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$5.9718.0%
+S$2.8b
50.8%PE26.5xIndustrials
Z74 Singapore TelecommunicationsS$3.392.1%
+S$1.2b
44.9%PE75.3xTelecom
U96 Sembcorp IndustriesS$6.358.0%
+S$883.7m
25.2%PE11.1xUtilities
9CI CapitaLand InvestmentS$2.614.4%
+S$548.2m
-3.0%PE27.2xReal Estate
F34 Wilmar InternationalS$3.221.9%
+S$374.6m
-4.2%PE12.8xConsumer Staples
See more
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9CI

S$2.61

CapitaLand Investment

7D

4.4%

1Y

-3.0%

S63

S$5.97

Singapore Technologies Engineering

7D

18.0%

1Y

50.8%

Z25

S$0.48

Yanlord Land Group

7D

-21.1%

1Y

5.4%

YF8

S$0.65

Yangzijiang Financial Holding

7D

11.2%

1Y

101.6%

EB5

S$1.62

First Resources

7D

12.5%

1Y

20.0%

VC2

S$0.96

Olam Group

7D

-11.5%

1Y

-6.3%

C07

S$25.51

Jardine Cycle & Carriage

7D

-4.3%

1Y

2.8%