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Singaporean (SGX) Market Analysis & Valuation

UpdatedApr 02, 2025
DataAggregated Company Financials
Companies513
  • 7D0.5%
  • 3M4.4%
  • 1Y17.4%
  • YTD4.1%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 3.7% in that time. As for the longer term, the market has risen 17% in the past 12 months. 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
Wed, 02 Apr 2025S$745.8bS$556.7bS$47.6b11.8x15.7x1.3x
Fri, 28 Feb 2025S$733.4bS$548.9bS$48.9b12.1x15x1.3x
Sun, 26 Jan 2025S$716.4bS$544.8bS$43.2b12.1x16.6x1.3x
Tue, 24 Dec 2024S$707.7bS$546.8bS$43.6b11.9x16.2x1.3x
Thu, 21 Nov 2024S$708.6bS$542.3bS$43.4b11.5x16.3x1.3x
Sat, 19 Oct 2024S$705.8bS$535.4bS$44.0b11.8x16x1.3x
Mon, 16 Sep 2024S$701.9bS$541.3bS$44.9b11.2x15.6x1.3x
Wed, 14 Aug 2024S$650.3bS$544.4bS$44.7b10.7x14.5x1.2x
Fri, 12 Jul 2024S$683.2bS$547.4bS$44.6b11.9x15.3x1.2x
Sun, 09 Jun 2024S$662.0bS$548.0bS$44.4b11.7x14.9x1.2x
Tue, 07 May 2024S$649.6bS$539.5bS$49.0b11.9x13.3x1.2x
Thu, 04 Apr 2024S$647.0bS$546.1bS$47.1b11.8x13.7x1.2x
Sat, 02 Mar 2024S$620.0bS$542.5bS$49.7b11.4x12.5x1.1x
Mon, 29 Jan 2024S$645.3bS$571.8bS$51.8b12.3x12.5x1.1x
Wed, 27 Dec 2023S$648.7bS$569.7bS$52.1b12.4x12.4x1.1x
Fri, 24 Nov 2023S$646.5bS$573.5bS$52.4b11.9x12.3x1.1x
Sun, 22 Oct 2023S$640.9bS$575.2bS$52.5b12.1x12.2x1.1x
Tue, 19 Sep 2023S$680.8bS$574.2bS$52.5b12.8x13x1.2x
Thu, 17 Aug 2023S$677.7bS$574.0bS$53.2b12.8x12.7x1.2x
Sat, 15 Jul 2023S$692.7bS$574.3bS$56.6b12x12.2x1.2x
Mon, 12 Jun 2023S$680.8bS$578.6bS$56.8b11.3x12x1.2x
Wed, 10 May 2023S$697.7bS$570.7bS$54.7b11.5x12.7x1.2x
Fri, 07 Apr 2023S$709.5bS$566.6bS$54.4b11.6x13x1.3x
Sun, 05 Mar 2023S$695.6bS$571.5bS$54.5b11.1x12.8x1.2x
Tue, 31 Jan 2023S$723.7bS$558.4bS$58.3b10.6x12.4x1.3x
Thu, 29 Dec 2022S$699.8bS$561.4bS$57.8b10.2x12.1x1.2x
Sat, 26 Nov 2022S$693.6bS$565.1bS$58.3b10.3x11.9x1.2x
Mon, 24 Oct 2022S$638.8bS$561.5bS$54.6b9.9x11.7x1.1x
Wed, 21 Sep 2022S$708.3bS$560.4bS$54.7b10.6x13x1.3x
Fri, 19 Aug 2022S$715.7bS$557.7bS$54.4b11.1x13.2x1.3x
Sun, 17 Jul 2022S$685.4bS$533.1bS$47.6b11.2x14.4x1.3x
Tue, 14 Jun 2022S$683.9bS$532.1bS$47.8b11.6x14.3x1.3x
Thu, 12 May 2022S$703.4bS$528.0bS$46.5b11.9x15.1x1.3x
Sat, 09 Apr 2022S$733.2bS$524.8bS$46.0b12.2x16x1.4x
Price to Earnings Ratio

16x


Total Market Cap: S$733.2bTotal Earnings: S$46.0bTotal Revenue: S$524.8bTotal 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 15.7x 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 Market0.52%
Telecom3.72%
Utilities1.13%
Real Estate0.73%
Consumer Staples0.34%
Industrials0.32%
Materials0.29%
Healthcare0.18%
Financials-0.084%
Consumer Discretionary-0.12%
Energy-0.18%
Tech-0.70%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 29.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.6% 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 28% 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 3.6% 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
Z74 Singapore TelecommunicationsS$3.564.1%
+S$2.3b		40.2%PE79.1xTelecom
S63 Singapore Technologies EngineeringS$6.844.3%
+S$871.3m		68.9%PE30.3xIndustrials
H78 Hongkong Land HoldingsUS$4.554.8%
+US$463.4m		47.7%PS5xReal Estate
J36 Jardine Matheson HoldingsUS$43.482.5%
+US$312.0m		17.3%PS0.4xIndustrials
A17U CapitaLand Ascendas REITS$2.721.9%
+S$220.0m		-1.4%PB1.2xReal Estate
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1Y

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D05

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A26

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U11

S$37.71

United Overseas Bank

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-0.5%

1Y

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U96

S$6.42

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7D

1.4%

1Y

18.9%

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J36

US$43.48

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1Y

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Z74

S$3.56

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BS6

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H78

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S68

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C6L

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C09

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