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Singaporean (SGX) Market Analysis & Valuation
UpdatedJun 17, 2025
DataAggregated Company Financials
Companies518
- 7D-0.3%
- 3M1.2%
- 1Y16.0%
- YTD3.5%
In the last week, the market has stayed flat, however the Energy sector stood out, gaining 5.3%. As for the longer term, the market has risen 16% in the past 12 months. As for the next few years, earnings are expected to grow by 7.0% per annum.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Singaporean Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 17 Jun 2025 | S$737.8b | S$542.4b | S$51.3b | 12.6x | 14.4x | 1.4x |
| Thu, 15 May 2025 | S$731.1b | S$550.2b | S$47.6b | 12.3x | 15.3x | 1.3x |
| Sat, 12 Apr 2025 | S$672.5b | S$553.1b | S$47.5b | 11.3x | 14.2x | 1.2x |
| Mon, 10 Mar 2025 | S$733.6b | S$554.6b | S$48.6b | 11.7x | 15.1x | 1.3x |
| Wed, 05 Feb 2025 | S$718.2b | S$546.5b | S$43.5b | 12.1x | 16.5x | 1.3x |
| Fri, 03 Jan 2025 | S$716.9b | S$548.1b | S$43.7b | 11.6x | 16.4x | 1.3x |
| Sun, 01 Dec 2024 | S$708.1b | S$544.1b | S$43.5b | 11.8x | 16.3x | 1.3x |
| Tue, 29 Oct 2024 | S$695.4b | S$536.6b | S$43.9b | 11.6x | 15.9x | 1.3x |
| Thu, 26 Sep 2024 | S$707.9b | S$539.6b | S$44.9b | 11.3x | 15.8x | 1.3x |
| Sat, 24 Aug 2024 | S$671.7b | S$547.3b | S$45.0b | 11x | 14.9x | 1.2x |
| Mon, 22 Jul 2024 | S$681.8b | S$547.0b | S$44.6b | 11.9x | 15.3x | 1.2x |
| Wed, 19 Jun 2024 | S$656.6b | S$548.4b | S$44.4b | 11.7x | 14.8x | 1.2x |
| Fri, 17 May 2024 | S$657.4b | S$546.3b | S$46.7b | 11.6x | 14.1x | 1.2x |
| Sun, 14 Apr 2024 | S$647.0b | S$547.4b | S$47.0b | 12x | 13.8x | 1.2x |
| Tue, 12 Mar 2024 | S$631.7b | S$541.4b | S$48.5b | 11.6x | 13x | 1.2x |
| Thu, 08 Feb 2024 | S$636.9b | S$554.1b | S$49.8b | 11.9x | 12.8x | 1.1x |
| Sat, 06 Jan 2024 | S$656.9b | S$570.8b | S$52.2b | 12.5x | 12.6x | 1.2x |
| Mon, 04 Dec 2023 | S$641.8b | S$572.4b | S$52.4b | 12x | 12.2x | 1.1x |
| Wed, 01 Nov 2023 | S$639.7b | S$573.8b | S$52.2b | 12x | 12.3x | 1.1x |
| Fri, 29 Sep 2023 | S$669.7b | S$574.8b | S$52.5b | 12.7x | 12.8x | 1.2x |
| Sun, 27 Aug 2023 | S$670.8b | S$572.8b | S$52.7b | 13.1x | 12.7x | 1.2x |
| Tue, 25 Jul 2023 | S$693.9b | S$576.0b | S$56.7b | 11.9x | 12.2x | 1.2x |
| Thu, 22 Jun 2023 | S$689.5b | S$578.4b | S$56.8b | 11.6x | 12.1x | 1.2x |
| Sat, 20 May 2023 | S$691.7b | S$579.1b | S$56.6b | 11.4x | 12.2x | 1.2x |
| Mon, 17 Apr 2023 | S$708.5b | S$569.1b | S$54.0b | 11.6x | 13.1x | 1.2x |
| Wed, 15 Mar 2023 | S$676.8b | S$571.4b | S$54.2b | 11x | 12.5x | 1.2x |
| Fri, 10 Feb 2023 | S$719.7b | S$557.8b | S$57.8b | 10.7x | 12.5x | 1.3x |
| Sun, 08 Jan 2023 | S$700.2b | S$559.8b | S$57.7b | 10.4x | 12.1x | 1.3x |
| Tue, 06 Dec 2022 | S$701.2b | S$562.3b | S$57.8b | 10.5x | 12.1x | 1.2x |
| Thu, 03 Nov 2022 | S$672.0b | S$561.1b | S$54.8b | 10x | 12.3x | 1.2x |
| Sat, 01 Oct 2022 | S$676.0b | S$564.4b | S$54.8b | 10.4x | 12.3x | 1.2x |
| Mon, 29 Aug 2022 | S$711.1b | S$558.4b | S$54.7b | 11x | 13x | 1.3x |
| Wed, 27 Jul 2022 | S$700.4b | S$531.3b | S$47.5b | 11.5x | 14.8x | 1.3x |
| Fri, 24 Jun 2022 | S$685.8b | S$531.4b | S$47.6b | 11.4x | 14.4x | 1.3x |
Price to Earnings Ratio
14.4x
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 13.7x.
Past Earnings Growth
- The earnings for Singaporean listed companies have grown 2.5% 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 | -0.34% | |
| Energy | 7.26% | |
| Utilities | 2.64% | |
| Telecom | 1.87% | |
| Tech | 1.29% | |
| Industrials | 0.84% | |
| Real Estate | 0.78% | |
| Materials | 0.73% | |
| Healthcare | 0.38% | |
| Consumer Discretionary | 0.33% | |
| Consumer Staples | -1.08% | |
| Financials | -2.21% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 23.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 14.0% which is higher than its past year's earnings decline of 14.4% 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 Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| Z74 Singapore Telecommunications | S$3.95 | 2.1% +S$1.3b | 54.9% | PE16.2x | Telecom | |
| J36 Jardine Matheson Holdings | US$45.95 | 4.8% +US$615.3m | 25.3% | PS0.4x | Industrials | |
| BN4 Keppel | S$7.36 | 3.7% +S$471.9m | 12.7% | PE16.1x | Industrials | |
| U96 Sembcorp Industries | S$7.01 | 3.2% +S$391.4m | 39.1% | PE12.2x | Utilities | |
| H78 Hongkong Land Holdings | US$5.61 | 2.4% +US$273.6m | 74.2% | PS6.1x | Real Estate |
