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Swiss (SMI) Medical Equipment Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies10
  • 7D0.3%
  • 3M1.9%
  • 1Y-16.7%
  • YTDn/a

In the last week, Medical Equipment has been flat. Unfortunately though, the industry is down 17% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the Swiss Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026CHF 68.5bCHF 17.2bCHF 2.1b23.7x33x4x
Tue, 02 Dec 2025CHF 68.3bCHF 17.3bCHF 2.1b23.3x32.7x3.9x
Thu, 30 Oct 2025CHF 67.2bCHF 17.1bCHF 2.0b33.1x33.3x3.9x
Sat, 27 Sep 2025CHF 66.0bCHF 17.1bCHF 2.0b32.4x32.8x3.9x
Mon, 25 Aug 2025CHF 72.8bCHF 17.2bCHF 2.1b30.7x35.3x4.2x
Wed, 23 Jul 2025CHF 76.2bCHF 16.9bCHF 2.1b36.4x35.8x4.5x
Fri, 20 Jun 2025CHF 76.1bCHF 17.2bCHF 2.2b35.8x35.3x4.4x
Sun, 18 May 2025CHF 82.3bCHF 17.3bCHF 2.2b39.3x37.9x4.8x
Tue, 15 Apr 2025CHF 75.4bCHF 16.8bCHF 2.1b33.8x36.2x4.5x
Thu, 13 Mar 2025CHF 82.8bCHF 17.7bCHF 2.2b39.7x38.4x4.7x
Sat, 08 Feb 2025CHF 89.3bCHF 17.8bCHF 2.1b38.5x41.8x5x
Mon, 06 Jan 2025CHF 82.6bCHF 17.8bCHF 2.1b35.8x38.7x4.6x
Wed, 04 Dec 2024CHF 83.5bCHF 17.6bCHF 2.1b37.1x39.6x4.8x
Fri, 01 Nov 2024CHF 87.6bCHF 17.1bCHF 2.1b42x42.3x5.1x
Sun, 29 Sep 2024CHF 92.6bCHF 16.9bCHF 2.0b45.2x45.3x5.5x
Tue, 27 Aug 2024CHF 87.7bCHF 16.9bCHF 2.0b42.9x42.9x5.2x
Thu, 25 Jul 2024CHF 84.7bCHF 17.1bCHF 1.9b43.2x43.5x4.9x
Sat, 22 Jun 2024CHF 83.2bCHF 17.2bCHF 2.0b48.5x42.5x4.8x
Mon, 20 May 2024CHF 86.1bCHF 17.3bCHF 2.0b46.6x43.8x5x
Wed, 17 Apr 2024CHF 85.2bCHF 17.3bCHF 1.9b45.9x44.8x4.9x
Fri, 15 Mar 2024CHF 88.7bCHF 17.0bCHF 1.9b49.5x47.4x5.2x
Sun, 11 Feb 2024CHF 82.3bCHF 16.7bCHF 1.7b57x49.8x4.9x
Tue, 09 Jan 2024CHF 78.8bCHF 16.4bCHF 1.6b53.4x48x4.8x
Thu, 07 Dec 2023CHF 74.5bCHF 16.7bCHF 1.7b48x45.1x4.5x
Sat, 04 Nov 2023CHF 72.9bCHF 16.9bCHF 1.6b47.1x45.2x4.3x
Mon, 02 Oct 2023CHF 75.9bCHF 17.0bCHF 1.6b48x47x4.5x
Wed, 30 Aug 2023CHF 81.7bCHF 16.6bCHF 1.6b56.2x51.1x4.9x
Fri, 28 Jul 2023CHF 82.3bCHF 16.4bCHF 1.6b51.2x50.1x5x
Sun, 25 Jun 2023CHF 80.7bCHF 16.7bCHF 1.7b50.5x48.7x4.8x
Tue, 23 May 2023CHF 82.6bCHF 16.7bCHF 1.6b51.7x50.4x4.9x
Thu, 20 Apr 2023CHF 78.5bCHF 16.4bCHF 1.6b48.9x48.1x4.8x
Sat, 18 Mar 2023CHF 72.7bCHF 16.6bCHF 1.6b44.3x44.3x4.4x
Mon, 13 Feb 2023CHF 75.0bCHF 16.5bCHF 1.9b36.1x40.4x4.6x
Wed, 11 Jan 2023CHF 72.9bCHF 16.5bCHF 1.9b37.8x39.2x4.4x
Price to Earnings Ratio

39.2x


Total Market Cap: CHF 72.9bTotal Earnings: CHF 1.9bTotal Revenue: CHF 16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Medical Equipment Industry Price to Earnings3Y Average 42.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Swiss Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 33.0x which is lower than its 3-year average PE of 42.3x.
  • The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 3.8% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swiss Healthcare industry?

CH Market0.21%
Healthcare-0.33%
Medical Equipment0.33%
Medical Equipment0.78%
Medical Supplies-0.067%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 59.6x.
    • Analysts expect its future annual earnings growth (11.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 35.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 7.8% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
STMN Straumann HoldingCHF 93.460.6%
+CHF 95.7m		-17.2%PE34.8x
SOON Sonova HoldingCHF 207.100.6%
+CHF 77.5m		-30.1%PE23.7x
MOVE Medacta GroupCHF 156.402.0%
+CHF 59.8m		41.9%PE35.4x
YPSN Ypsomed HoldingCHF 328.000.5%
+CHF 20.5m		-3.0%PE23.1x
VBSN IVF Hartmann HoldingCHF 143.004.4%
+CHF 14.3m		-4.7%PE17.9x

Latest News

MOVE
CHF 156.40
Medacta Group
7D
2.0%
1Y
41.9%

Is It Time To Consider Buying Medacta Group SA (VTX:MOVE)?

Dec 30
Is It Time To Consider Buying Medacta Group SA (VTX:MOVE)?
STMN
CHF 93.46
Straumann Holding
7D
0.6%
1Y
-17.2%

What Does Straumann Holding AG's (VTX:STMN) Share Price Indicate?

Dec 29
What Does Straumann Holding AG's (VTX:STMN) Share Price Indicate?
ALC
CHF 63.28
Alcon
7D
-0.2%
1Y
-17.2%

ALC: Improved Margins And Buybacks Will Support Stronger Share Performance

Analysts have modestly reduced their price target on Alcon, citing slightly slower projected revenue growth and a higher discount rate that outweigh the benefit of improved margin expectations and a lower future price to earnings multiple. This brings their fair value estimate down by approximately 4.40 dollars per share.
MED
CHF 88.20
Medartis Holding
7D
0.5%
1Y
52.9%

Is Now The Time To Look At Buying Medartis Holding AG (VTX:MED)?

Dec 24
Is Now The Time To Look At Buying Medartis Holding AG (VTX:MED)?
YPSN
CHF 328.00
Ypsomed Holding
7D
0.5%
1Y
-3.0%

Ypsomed Holding (VTX:YPSN) Is Investing Its Capital With Increasing Efficiency

Dec 19
Ypsomed Holding (VTX:YPSN) Is Investing Its Capital With Increasing Efficiency
SOON
CHF 207.10
Sonova Holding
7D
0.6%
1Y
-30.1%
METN
CHF 816.00
Metall Zug
7D
0.7%
1Y
-28.4%

Metall Zug (VTX:METN) Is Making Moderate Use Of Debt

Nov 29
Metall Zug (VTX:METN) Is Making Moderate Use Of Debt
MEDX
CHF 11.24
medmix
7D
2.0%
1Y
23.0%

medmix AG (VTX:MEDX) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 26
medmix AG (VTX:MEDX) Looks Inexpensive But Perhaps Not Attractive Enough
VBSN
CHF 143.00
IVF Hartmann Holding
7D
4.4%
1Y
-4.7%