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Singaporean (SGX) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies505
  • 7D0.9%
  • 3M8.3%
  • 1Y22.4%
  • YTD20.8%

In the last week, the market has stayed flat, however the Communication Services sector stood out, gaining 4.4%. More promisingly, the market is up 22% over the past year. Earnings are forecast to grow by 7.3% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025S$870.5bS$564.4bS$55.2b14.4x15.8x1.5x
Thu, 16 Oct 2025S$838.0bS$564.1bS$56.4b14.8x14.9x1.5x
Sat, 13 Sep 2025S$836.7bS$562.5bS$56.3b14.4x14.9x1.5x
Mon, 11 Aug 2025S$801.8bS$542.6bS$52.2b14x15.3x1.5x
Wed, 09 Jul 2025S$763.7bS$541.6bS$51.3b12.8x14.9x1.4x
Fri, 06 Jun 2025S$738.6bS$548.6bS$51.4b12.5x14.4x1.3x
Sun, 04 May 2025S$727.4bS$549.9bS$47.7b11.7x15.3x1.3x
Tue, 01 Apr 2025S$746.1bS$556.8bS$47.6b11.8x15.7x1.3x
Thu, 27 Feb 2025S$731.7bS$547.6bS$48.1b11.9x15.2x1.3x
Sat, 25 Jan 2025S$716.4bS$545.1bS$43.2b12.1x16.6x1.3x
Mon, 23 Dec 2024S$702.8bS$546.6bS$43.6b11.6x16.1x1.3x
Wed, 20 Nov 2024S$710.7bS$541.9bS$43.4b11.6x16.4x1.3x
Fri, 18 Oct 2024S$703.4bS$535.6bS$44.0b11.6x16x1.3x
Sun, 15 Sep 2024S$701.9bS$541.3bS$44.9b11.2x15.6x1.3x
Tue, 13 Aug 2024S$645.6bS$543.8bS$44.3b11x14.6x1.2x
Thu, 11 Jul 2024S$679.5bS$547.7bS$44.6b11.7x15.2x1.2x
Sat, 08 Jun 2024S$662.0bS$547.1bS$44.4b11.7x14.9x1.2x
Mon, 06 May 2024S$654.3bS$546.6bS$46.9b12x13.9x1.2x
Wed, 03 Apr 2024S$651.1bS$546.2bS$47.1b11.8x13.8x1.2x
Fri, 01 Mar 2024S$632.7bS$542.3bS$49.7b11.4x12.7x1.2x
Sun, 28 Jan 2024S$645.3bS$571.8bS$51.8b12.3x12.5x1.1x
Tue, 26 Dec 2023S$648.8bS$569.8bS$52.1b12.6x12.4x1.1x
Thu, 23 Nov 2023S$646.6bS$573.5bS$52.5b11.9x12.3x1.1x
Sat, 21 Oct 2023S$640.9bS$575.2bS$52.5b12.1x12.2x1.1x
Mon, 18 Sep 2023S$684.1bS$574.2bS$52.5b12.9x13x1.2x
Wed, 16 Aug 2023S$681.2bS$573.3bS$53.3b13x12.8x1.2x
Fri, 14 Jul 2023S$690.7bS$575.2bS$56.7b11.8x12.2x1.2x
Sun, 11 Jun 2023S$680.7bS$578.6bS$56.8b11.3x12x1.2x
Tue, 09 May 2023S$700.8bS$570.4bS$54.7b11.5x12.8x1.2x
Thu, 06 Apr 2023S$712.8bS$567.8bS$53.7b11.7x13.3x1.3x
Sat, 04 Mar 2023S$695.5bS$570.8bS$56.8b11.1x12.2x1.2x
Mon, 30 Jan 2023S$726.9bS$558.4bS$58.1b10.7x12.5x1.3x
Wed, 28 Dec 2022S$699.2bS$561.0bS$57.8b10.3x12.1x1.2x
Fri, 25 Nov 2022S$694.3bS$565.6bS$58.3b10.3x11.9x1.2x
Price to Earnings Ratio

11.9x


Total Market Cap: S$694.3bTotal Earnings: S$58.3bTotal Revenue: S$565.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Market Price to Earnings3Y Average 14x202320242025
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 15.8x which is higher than its 3-year average PE of 14.0x.
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 Market0.85%
Telecom4.38%
Consumer Discretionary2.34%
Consumer Staples1.56%
Industrials1.40%
Utilities1.10%
Materials1.04%
Real Estate0.70%
Energy0.0081%
Financials-0.34%
Tech-1.16%
Healthcare-1.61%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 22.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.5% which is higher than its past year's earnings decline of 2.4% per year.
  • The Utilities sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 4.5% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 14% 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$4.886.1%
+S$4.6b		55.4%PE13xTelecom
S63 Singapore Technologies EngineeringS$8.686.1%
+S$1.6b		95.1%PE35.2xIndustrials
H78 Hongkong Land HoldingsUS$6.426.6%
+US$866.8m		40.5%PS7.8xReal Estate
J36 Jardine Matheson HoldingsUS$65.204.5%
+US$827.8m		54.2%PE192.8xIndustrials
O39 Oversea-Chinese BankingS$18.391.1%
+S$900.6m		11.9%PB1.4xFinancials
See more

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J36
US$65.20
Jardine Matheson Holdings
7D
4.5%
1Y
54.2%
S63
S$8.68
Singapore Technologies Engineering
7D
6.1%
1Y
95.1%
C6L
S$6.49
Singapore Airlines
7D
-2.0%
1Y
2.5%

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Nov 16
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C07
S$32.22
Jardine Cycle & Carriage
7D
-1.6%
1Y
14.6%

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Nov 14
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U11
S$34.08
United Overseas Bank
7D
1.2%
1Y
-6.6%
5IG
S$0.06
Gallant Venture
7D
-20.0%
1Y
-15.5%

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Nov 12
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A17U
S$2.80
CapitaLand Ascendas REIT
7D
-0.7%
1Y
8.1%

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Z74
S$4.88
Singapore Telecommunications
7D
6.1%
1Y
55.4%
O39
S$18.39
Oversea-Chinese Banking
7D
1.1%
1Y
11.9%
D01
US$3.59
DFI Retail Group Holdings
7D
7.2%
1Y
48.3%

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D05
S$54.00
DBS Group Holdings
7D
-0.5%
1Y
27.4%

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Nov 09
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CJLU
S$0.95
NetLink NBN Trust
7D
-3.1%
1Y
10.5%

NetLink NBN Trust (SGX:CJLU) Is Paying Out A Dividend Of SGD0.0271

Nov 05
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M44U
S$1.29
Mapletree Logistics Trust
7D
-1.5%
1Y
1.6%

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U14
S$8.65
UOL Group
7D
6.4%
1Y
61.4%
H78
US$6.42
Hongkong Land Holdings
7D
6.6%
1Y
40.5%
E5H
S$0.27
Golden Agri-Resources
7D
-3.6%
1Y
0%

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