FBS Global shares surge 18.47% premarket as improved valuation metrics align with industry peers.

FBS Global surged 18.47% in premarket trading as investors reacted to a news report suggesting its price-to-sales (P/S) ratio had realigned with industry peers, indicating improved market confidence. The summary highlighted that the stock’s valuation appeared to correct despite revenue metrics not necessarily reflecting the price jump, implying broader market sentiment or technical factors may have driven the move. While the news content was incomplete (likely a technical error), the referenced alignment with industry benchmarks and prior undervaluation positioned the rally as a valuation catch-up, aligning with the sharp premarket gain.