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Singaporean (SGX) Market Analysis & Valuation
UpdatedAug 16, 2025
DataAggregated Company Financials
Companies511
- 7D-0.003%
- 3M9.8%
- 1Y24.4%
- YTD12.6%
In the last week, the market has been flat, with a notable exception in the Utilities sector dropping 6.2%. Meanwhile, the market is actually up 24% over the past year. Looking forward, earnings are forecast to grow by 6.2% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 16 Aug 2025 | S$802.1b | S$554.0b | S$55.2b | 13.7x | 14.5x | 1.4x |
| Mon, 14 Jul 2025 | S$772.5b | S$542.3b | S$51.3b | 12.8x | 15.1x | 1.4x |
| Wed, 11 Jun 2025 | S$742.0b | S$543.4b | S$51.3b | 12.5x | 14.5x | 1.4x |
| Fri, 09 May 2025 | S$727.4b | S$549.9b | S$47.6b | 11.9x | 15.3x | 1.3x |
| Sun, 06 Apr 2025 | S$723.3b | S$557.1b | S$47.6b | 11.6x | 15.2x | 1.3x |
| Tue, 04 Mar 2025 | S$732.8b | S$556.9b | S$48.0b | 11.8x | 15.3x | 1.3x |
| Thu, 30 Jan 2025 | S$715.3b | S$545.2b | S$43.5b | 12x | 16.4x | 1.3x |
| Sat, 28 Dec 2024 | S$712.0b | S$547.2b | S$43.6b | 11.6x | 16.3x | 1.3x |
| Mon, 25 Nov 2024 | S$707.8b | S$543.0b | S$43.5b | 11.5x | 16.3x | 1.3x |
| Wed, 23 Oct 2024 | S$698.2b | S$535.7b | S$44.0b | 11.7x | 15.9x | 1.3x |
| Fri, 20 Sep 2024 | S$716.1b | S$540.2b | S$44.9b | 11.4x | 16x | 1.3x |
| Sun, 18 Aug 2024 | S$664.4b | S$548.3b | S$45.0b | 10.9x | 14.8x | 1.2x |
| Tue, 16 Jul 2024 | S$689.2b | S$546.5b | S$44.6b | 11.8x | 15.5x | 1.3x |
| Thu, 13 Jun 2024 | S$658.1b | S$548.0b | S$44.4b | 11.6x | 14.8x | 1.2x |
| Sat, 11 May 2024 | S$658.2b | S$547.3b | S$46.9b | 11.6x | 14x | 1.2x |
| Mon, 08 Apr 2024 | S$646.5b | S$545.7b | S$47.0b | 11.8x | 13.7x | 1.2x |
| Wed, 06 Mar 2024 | S$625.4b | S$543.3b | S$49.1b | 11.4x | 12.7x | 1.2x |
| Fri, 02 Feb 2024 | S$641.6b | S$572.0b | S$51.5b | 12.3x | 12.5x | 1.1x |
| Sun, 31 Dec 2023 | S$666.8b | S$569.1b | S$52.1b | 12.7x | 12.8x | 1.2x |
| Tue, 28 Nov 2023 | S$642.8b | S$573.0b | S$52.4b | 11.8x | 12.3x | 1.1x |
| Thu, 26 Oct 2023 | S$640.1b | S$574.9b | S$52.5b | 12.3x | 12.2x | 1.1x |
| Sat, 23 Sep 2023 | S$670.8b | S$574.4b | S$52.5b | 12.9x | 12.8x | 1.2x |
| Mon, 21 Aug 2023 | S$670.0b | S$573.1b | S$53.2b | 12.6x | 12.6x | 1.2x |
| Wed, 19 Jul 2023 | S$693.3b | S$574.5b | S$56.6b | 11.9x | 12.2x | 1.2x |
| Fri, 16 Jun 2023 | S$694.1b | S$578.1b | S$56.8b | 11.5x | 12.2x | 1.2x |
| Sun, 14 May 2023 | S$691.4b | S$573.7b | S$55.3b | 11.5x | 12.5x | 1.2x |
| Tue, 11 Apr 2023 | S$709.4b | S$566.8b | S$54.4b | 11.7x | 13.1x | 1.3x |
| Thu, 09 Mar 2023 | S$694.5b | S$572.8b | S$54.3b | 11.2x | 12.8x | 1.2x |
| Sat, 04 Feb 2023 | S$726.7b | S$558.5b | S$57.8b | 10.7x | 12.6x | 1.3x |
| Mon, 02 Jan 2023 | S$697.0b | S$560.2b | S$57.7b | 10.2x | 12.1x | 1.2x |
| Wed, 30 Nov 2022 | S$698.0b | S$565.3b | S$57.9b | 10.3x | 12.1x | 1.2x |
| Fri, 28 Oct 2022 | S$649.2b | S$558.9b | S$54.5b | 9.9x | 11.9x | 1.2x |
| Sun, 25 Sep 2022 | S$700.3b | S$563.2b | S$54.8b | 10.7x | 12.8x | 1.2x |
| Tue, 23 Aug 2022 | S$712.1b | S$558.6b | S$54.5b | 10.9x | 13.1x | 1.3x |
Price to Earnings Ratio
13.1x
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 | -0.0034% | |
| Telecom | 2.66% | |
| Energy | 1.63% | |
| Consumer Staples | 0.64% | |
| Consumer Discretionary | 0.45% | |
| Real Estate | 0.39% | |
| Industrials | 0.12% | |
| Materials | -0.37% | |
| Financials | -0.70% | |
| Tech | -0.83% | |
| Healthcare | -1.44% | |
| Utilities | -6.22% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 12.6% which is higher than its past year's earnings decline of 1.5% per year.
- The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Materials sector is expected to see its earnings decline by 23% 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$4.10 | 3.0% +S$2.0b | 37.6% | PE10.9x | Telecom | |
| J36 Jardine Matheson Holdings | US$58.59 | 4.3% +US$705.7m | 59.9% | PE170.9x | Industrials | |
| O39 Oversea-Chinese Banking | S$16.90 | 0.7% +S$485.8m | 18.1% | PB1.3x | Financials | |
| OYY PropNex | S$2.03 | 37.2% +S$407.0m | 158.6% | PE23.4x | Real Estate | |
| C09 City Developments | S$6.73 | 6.3% +S$357.4m | 32.5% | PE31x | Real Estate |
