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Singaporean (SGX) Market Analysis & Valuation

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies511
  • 7D0.6%
  • 3M11.0%
  • 1Y23.8%
  • YTD13.1%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 5.4% in that time. Meanwhile, the market is actually up 24% over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025S$814.3bS$561.8bS$56.3b13.8x14.5x1.4x
Wed, 23 Jul 2025S$798.1bS$542.5bS$51.0b13.4x15.6x1.5x
Fri, 20 Jun 2025S$734.3bS$543.1bS$51.3b12.5x14.3x1.4x
Sun, 18 May 2025S$735.3bS$550.1bS$48.7b12.2x15.1x1.3x
Tue, 15 Apr 2025S$679.3bS$552.4bS$47.5b11.3x14.3x1.2x
Thu, 13 Mar 2025S$722.1bS$555.7bS$47.7b11.8x15.1x1.3x
Sat, 08 Feb 2025S$724.1bS$545.7bS$43.7b11.8x16.6x1.3x
Mon, 06 Jan 2025S$718.2bS$548.6bS$43.7b11.6x16.4x1.3x
Wed, 04 Dec 2024S$716.9bS$544.9bS$43.5b11.7x16.5x1.3x
Fri, 01 Nov 2024S$690.4bS$536.6bS$43.8b11.6x15.8x1.3x
Sun, 29 Sep 2024S$710.0bS$539.0bS$44.9b11.4x15.8x1.3x
Tue, 27 Aug 2024S$673.7bS$546.6bS$44.9b10.9x15x1.2x
Thu, 25 Jul 2024S$683.6bS$546.9bS$44.6b11.9x15.3x1.2x
Sat, 22 Jun 2024S$658.3bS$548.5bS$44.4b11.8x14.8x1.2x
Mon, 20 May 2024S$658.6bS$546.4bS$46.9b11.6x14x1.2x
Wed, 17 Apr 2024S$640.1bS$548.2bS$46.8b11.8x13.7x1.2x
Fri, 15 Mar 2024S$638.9bS$543.3bS$47.1b11.6x13.6x1.2x
Sun, 11 Feb 2024S$633.9bS$554.4bS$49.8b11.8x12.7x1.1x
Tue, 09 Jan 2024S$656.8bS$570.7bS$52.2b12.5x12.6x1.2x
Thu, 07 Dec 2023S$638.6bS$572.2bS$52.3b12x12.2x1.1x
Sat, 04 Nov 2023S$654.9bS$573.8bS$51.7b12.2x12.7x1.1x
Mon, 02 Oct 2023S$672.0bS$574.4bS$52.5b12.8x12.8x1.2x
Wed, 30 Aug 2023S$676.1bS$572.7bS$52.7b13.2x12.8x1.2x
Fri, 28 Jul 2023S$705.2bS$575.7bS$56.8b12.2x12.4x1.2x
Sun, 25 Jun 2023S$682.3bS$579.8bS$56.8b11.5x12x1.2x
Tue, 23 May 2023S$688.9bS$579.1bS$56.6b11.4x12.2x1.2x
Thu, 20 Apr 2023S$711.2bS$570.0bS$54.0b11.5x13.2x1.2x
Sat, 18 Mar 2023S$686.6bS$571.0bS$54.2b11.2x12.7x1.2x
Mon, 13 Feb 2023S$718.6bS$558.7bS$57.2b10.7x12.6x1.3x
Wed, 11 Jan 2023S$699.7bS$559.4bS$57.7b10.2x12.1x1.3x
Fri, 09 Dec 2022S$694.2bS$562.7bS$57.8b10.4x12x1.2x
Sun, 06 Nov 2022S$669.7bS$563.0bS$55.4b10x12.1x1.2x
Tue, 04 Oct 2022S$669.5bS$564.4bS$54.8b10.5x12.2x1.2x
Thu, 01 Sep 2022S$705.0bS$558.7bS$54.6b10.9x12.9x1.3x
Price to Earnings Ratio

12.9x


Total Market Cap: S$705.0bTotal Earnings: S$54.6bTotal Revenue: S$558.7bTotal 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 Market0.57%
Energy5.39%
Materials4.15%
Telecom2.20%
Tech1.09%
Financials0.92%
Real Estate0.84%
Consumer Discretionary0.011%
Healthcare-0.097%
Utilities-0.34%
Industrials-0.52%
Consumer Staples-1.65%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 39.3x.
    • Analysts are expecting annual earnings decline of 22.5% which is lower than the prior year's growth of 11.3% 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 32% over the next 5 years.
  • This is better than its past earnings growth rate of 5.7% 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?

CompanyLast Price7D1YValuationSector
Z74 Singapore TelecommunicationsS$4.253.7%
+S$2.5b		47.6%PE11.3xTelecom
D05 DBS Group HoldingsS$50.331.5%
+S$2.1b		40.5%PB2.1xFinancials
U11 United Overseas BankS$35.391.6%
+S$898.9m		14.3%PB1.2xFinancials
C07 Jardine Cycle & CarriageS$28.828.3%
+S$873.5m		3.9%PE10.7xIndustrials
O39 Oversea-Chinese BankingS$16.841.0%
+S$711.9m		16.7%PB1.3xFinancials
See more

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C07
S$28.82
Jardine Cycle & Carriage
7D
8.3%
1Y
3.9%
ADN
S$1.02
First Sponsor Group
7D
-5.6%
1Y
-5.6%

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Aug 25
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S08
S$0.48
Singapore Post
7D
-4.0%
1Y
12.8%
AIY
S$8.53
iFAST
7D
-12.7%
1Y
19.1%
9CI
S$2.77
CapitaLand Investment
7D
3.7%
1Y
5.3%
CC3
S$1.12
StarHub
7D
-5.1%
1Y
-8.2%
S63
S$7.82
Singapore Technologies Engineering
7D
-3.9%
1Y
74.2%

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C52
S$1.45
ComfortDelGro
7D
-4.0%
1Y
5.1%

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Aug 15
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S68
S$16.74
Singapore Exchange
7D
3.3%
1Y
57.3%
D01
US$3.11
DFI Retail Group Holdings
7D
-12.9%
1Y
62.8%
Z74
S$4.25
Singapore Telecommunications
7D
3.7%
1Y
47.6%

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Aug 13
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U11
S$35.39
United Overseas Bank
7D
1.6%
1Y
14.3%

United Overseas Bank (SGX:U11) Has Announced A Dividend Of SGD1.10

Aug 10
United Overseas Bank (SGX:U11) Has Announced A Dividend Of SGD1.10
D05
S$50.33
DBS Group Holdings
7D
1.5%
1Y
40.5%

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C38U
S$2.26
CapitaLand Integrated Commercial Trust
7D
3.7%
1Y
6.1%
O39
S$16.84
Oversea-Chinese Banking
7D
1.0%
1Y
16.7%

Oversea-Chinese Banking (SGX:O39) Will Pay A Smaller Dividend Than Last Year

Aug 06
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AGS
S$1.94
Hour Glass
7D
-3.5%
1Y
25.2%

Hour Glass (SGX:AGS) Has Announced A Dividend Of SGD0.04

Jul 30
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