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Singaporean (SGX) Market Analysis & Valuation

UpdatedAug 02, 2025
DataAggregated Company Financials
Companies510
  • 7D-2.7%
  • 3M9.1%
  • 1Y21.2%
  • YTD10.6%

Over the last 7 days, the market has dropped 2.7%, driven by a decline of 2.4% in the Financials sector. As for the longer term, the market has actually risen by 21% in the last year. As for the next few years, earnings are expected to grow by 7.1% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Aug 2025S$787.2bS$543.3bS$52.2b13.9x15.1x1.4x
Mon, 30 Jun 2025S$747.2bS$541.4bS$51.3b12.9x14.6x1.4x
Wed, 28 May 2025S$732.4bS$548.5bS$51.4b12.2x14.3x1.3x
Fri, 25 Apr 2025S$725.2bS$551.7bS$47.4b11.7x15.3x1.3x
Sun, 23 Mar 2025S$738.7bS$555.6bS$47.7b11.8x15.5x1.3x
Tue, 18 Feb 2025S$731.6bS$544.8bS$45.1b11.8x16.2x1.3x
Thu, 16 Jan 2025S$709.7bS$547.5bS$43.6b11.5x16.3x1.3x
Sat, 14 Dec 2024S$717.9bS$545.7bS$43.6b11.8x16.5x1.3x
Mon, 11 Nov 2024S$711.1bS$539.3bS$44.3b11.6x16x1.3x
Wed, 09 Oct 2024S$710.4bS$541.9bS$45.0b11.4x15.8x1.3x
Fri, 06 Sep 2024S$684.9bS$545.2bS$44.8b11.1x15.3x1.3x
Sun, 04 Aug 2024S$669.8bS$544.2bS$43.8b11.6x15.3x1.2x
Tue, 02 Jul 2024S$661.6bS$548.5bS$44.6b12x14.8x1.2x
Thu, 30 May 2024S$660.3bS$547.2bS$44.5b11.6x14.8x1.2x
Sat, 27 Apr 2024S$654.0bS$547.5bS$46.8b11.7x14x1.2x
Mon, 25 Mar 2024S$643.6bS$545.8bS$47.1b11.5x13.7x1.2x
Wed, 21 Feb 2024S$652.1bS$553.9bS$49.8b12.1x13.1x1.2x
Fri, 19 Jan 2024S$643.4bS$572.1bS$52.0b12.3x12.4x1.1x
Sun, 17 Dec 2023S$646.3bS$571.1bS$52.2b12.4x12.4x1.1x
Tue, 14 Nov 2023S$640.4bS$574.9bS$54.0b12.1x11.9x1.1x
Thu, 12 Oct 2023S$665.7bS$573.8bS$52.4b12.4x12.7x1.2x
Sat, 09 Sep 2023S$673.4bS$574.0bS$52.5b12.9x12.8x1.2x
Mon, 07 Aug 2023S$693.0bS$584.1bS$57.8b12.1x12x1.2x
Wed, 05 Jul 2023S$683.2bS$579.2bS$56.8b11.8x12x1.2x
Fri, 02 Jun 2023S$675.6bS$580.1bS$56.9b11.3x11.9x1.2x
Sun, 30 Apr 2023S$701.8bS$569.8bS$53.7b11.6x13.1x1.2x
Tue, 28 Mar 2023S$693.4bS$569.2bS$54.1b11.2x12.8x1.2x
Thu, 23 Feb 2023S$706.8bS$559.9bS$58.0b10.6x12.2x1.3x
Sat, 21 Jan 2023S$707.4bS$559.0bS$58.1b10.6x12.2x1.3x
Mon, 19 Dec 2022S$695.4bS$563.1bS$57.9b10.2x12x1.2x
Wed, 16 Nov 2022S$697.7bS$563.3bS$57.7b10.3x12.1x1.2x
Fri, 14 Oct 2022S$654.4bS$564.2bS$54.8b10.1x11.9x1.2x
Sun, 11 Sep 2022S$711.1bS$559.3bS$54.7b10.8x13x1.3x
Tue, 09 Aug 2022S$714.6bS$542.6bS$50.5b11.4x14.2x1.3x
Price to Earnings Ratio

14.2x


Total Market Cap: S$714.6bTotal Earnings: S$50.5bTotal Revenue: S$542.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 13.7x202320242025
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
  • 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-2.67%
Healthcare0.60%
Materials-0.15%
Tech-0.80%
Consumer Discretionary-1.17%
Utilities-1.28%
Real Estate-2.13%
Financials-2.41%
Consumer Staples-2.79%
Industrials-3.72%
Telecom-4.28%
Energy-5.11%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 7.4%, which is higher than its past year's earnings growth of 4.2% 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 7.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 21% 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
AIY iFASTS$9.0321.7%
+S$487.9m
24.6%PE35.4xFinancials
BN4 KeppelS$8.311.3%
+S$199.6m
33.6%PE16.7xIndustrials
H02 Haw ParS$13.926.5%
+S$188.2m
35.8%PE13.5xHealthcare
H15 Hotel PropertiesS$5.464.8%
+S$131.8m
53.8%PE142.8xConsumer Discretionary
9A4U ESR-REITS$2.745.8%
+S$120.3m
-0.4%PB0.8xReal Estate
See more

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