Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Medical Equipment Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies10
  • 7D1.2%
  • 3M5.5%
  • 1Y-12.8%
  • YTD-3.7%

Over the last 7 days, the Medical Equipment industry has risen 1.2%, driven by gains from Sonova Holding of 4.7%. In the past year, the industry is down 13%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026CHF 65.9bCHF 17.4bCHF 1.9b30.9x34.8x3.8x
Tue, 02 Jun 2026CHF 62.6bCHF 17.2bCHF 1.9b32.8x33.4x3.6x
Thu, 30 Apr 2026CHF 61.1bCHF 17.4bCHF 2.0b32.3x31.1x3.5x
Sat, 28 Mar 2026CHF 61.1bCHF 17.5bCHF 2.0b33.7x30.9x3.5x
Mon, 23 Feb 2026CHF 68.1bCHF 17.0bCHF 2.0b24.1x34.3x4x
Wed, 21 Jan 2026CHF 69.8bCHF 17.2bCHF 2.1b25x33.7x4.1x
Fri, 19 Dec 2025CHF 68.6bCHF 17.2bCHF 2.1b23.7x33x4x
Sun, 16 Nov 2025CHF 68.2bCHF 17.2bCHF 2.0b34.6x34.6x4x
Tue, 14 Oct 2025CHF 65.6bCHF 17.2bCHF 2.0b32.5x32.5x3.8x
Thu, 11 Sep 2025CHF 71.4bCHF 17.1bCHF 2.0b33.9x35.4x4.2x
Sat, 09 Aug 2025CHF 74.6bCHF 17.1bCHF 2.1b35.2x34.8x4.4x
Mon, 07 Jul 2025CHF 76.4bCHF 17.0bCHF 2.1b36.7x35.8x4.5x
Wed, 04 Jun 2025CHF 77.4bCHF 17.3bCHF 2.2b36.6x35.7x4.5x
Fri, 02 May 2025CHF 80.6bCHF 17.0bCHF 2.1b35.1x38.4x4.7x
Sun, 30 Mar 2025CHF 84.8bCHF 17.5bCHF 2.2b37x39.4x4.8x
Tue, 25 Feb 2025CHF 87.5bCHF 17.6bCHF 2.3b38.3x38.2x5x
Thu, 23 Jan 2025CHF 87.8bCHF 17.8bCHF 2.1b38x41.1x4.9x
Sat, 21 Dec 2024CHF 82.2bCHF 17.6bCHF 2.1b36.3x38.8x4.7x
Mon, 18 Nov 2024CHF 83.1bCHF 17.5bCHF 2.1b36x38.7x4.7x
Wed, 16 Oct 2024CHF 91.9bCHF 17.1bCHF 2.1b43.7x44.4x5.4x
Fri, 13 Sep 2024CHF 89.5bCHF 16.9bCHF 2.0b44.6x43.7x5.3x
Sun, 11 Aug 2024CHF 85.0bCHF 16.9bCHF 1.9b43.9x44.2x5x
Tue, 09 Jul 2024CHF 85.9bCHF 17.2bCHF 2.0b47.4x43.8x5x
Thu, 06 Jun 2024CHF 86.6bCHF 17.2bCHF 2.0b48.7x44.2x5x
Sat, 04 May 2024CHF 79.7bCHF 17.2bCHF 1.9b44.6x42x4.6x
Mon, 01 Apr 2024CHF 85.8bCHF 17.2bCHF 1.9b47.4x45.3x5x
Wed, 28 Feb 2024CHF 85.3bCHF 16.8bCHF 1.6b54.3x51.8x5.1x
Fri, 26 Jan 2024CHF 79.6bCHF 16.6bCHF 1.7b54.9x48.2x4.8x
Sun, 24 Dec 2023CHF 80.6bCHF 16.5bCHF 1.6b54.6x49x4.9x
Tue, 21 Nov 2023CHF 73.3bCHF 16.9bCHF 1.7b48.7x43x4.3x
Thu, 19 Oct 2023CHF 72.6bCHF 16.8bCHF 1.6b47x45.1x4.3x
Sat, 16 Sep 2023CHF 79.4bCHF 16.8bCHF 1.6b54.6x49.4x4.7x
Mon, 14 Aug 2023CHF 81.0bCHF 16.4bCHF 1.6b51.7x49.3x4.9x
Wed, 12 Jul 2023CHF 81.4bCHF 16.5bCHF 1.7b51.2x49.3x4.9x
Price to Earnings Ratio

49.3x


Total Market Cap: CHF 81.4bTotal Earnings: CHF 1.7bTotal Revenue: CHF 16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Medical Equipment Industry Price to Earnings3Y Average 40.2x202420252026
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 34.8x which is lower than its 3-year average PE of 40.2x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 4.7% 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 Market1.79%
Healthcare1.67%
Medical Equipment1.18%
Medical Equipment2.56%
Medical Supplies-0.23%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 50.5x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings decline of 18.4% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 35.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 15% 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
SOON Sonova HoldingCHF 203.604.7%
+CHF 546.5m		-13.1%PE22.5x
STMN Straumann HoldingCHF 107.651.2%
+CHF 207.3m		2.3%PE48.1x
MED Medartis HoldingCHF 85.306.1%
+CHF 61.0m		8.1%PE127.2x
MOVE Medacta GroupCHF 136.400.6%
+CHF 15.9m		1.9%PE30.9x
MEDX medmixCHF 8.173.4%
+CHF 11.0m		-35.7%PE51.9x

Latest News

ALC
CHF 55.04
Alcon
7D
-0.3%
1Y
-21.2%
Narrative Update • Jul 03

ALC: Share Buybacks And Product Portfolio Expansion Will Shape Measured Outlook

Analysts have raised their price target on Alcon to CHF57.82 from CHF56.34, citing updated assumptions for slightly higher revenue growth, modestly stronger profit margins, and a marginally lower discount rate, along with a broadly similar future P/E outlook. What’s in the News for Alcon Alcon Inc.
SOON
CHF 203.60
Sonova Holding
7D
4.7%
1Y
-13.1%
MEDX
CHF 8.17
medmix
7D
3.4%
1Y
-35.7%
Narrative Update • Jul 01

MEDX: Higher Future P/E Assumptions Will Likely Support Upside Potential

Analysts have revised their fair value estimate for medmix to CHF 16.00 from CHF 20.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What’s in the News for medmix No recent company specific news items for medmix were available in the provided sources.
YPSN
CHF 359.40
Ypsomed Holding
7D
-0.2%
1Y
-13.4%
MED
CHF 85.30
Medartis Holding
7D
6.1%
1Y
8.1%
Narrative Update • Jun 23

MED: Award Recognition And Steady Assumptions Will Support Future Upside

The analyst price target for Medartis Holding has been trimmed slightly from CHF 95.97 to CHF 95.00, reflecting small updates to fair value inputs, discount rate, revenue growth, profit margin and future P/E assumptions cited by analysts. What's in the News Medartis Holding received the 2026 Swiss Medtech Award for its titanium implant systems, a recognition of its work in clinically focused product development and collaboration with surgeons.
MOVE
CHF 136.40
Medacta Group
7D
0.6%
1Y
1.9%
Narrative Update • Jun 23

MOVE: Insider Alignment And Earnings Quality Will Support Future Upside Potential

Analysts have slightly adjusted their CHF fair value estimate for Medacta Group to CHF 179.08, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiple. What's in the News for Medacta Group Medacta Group has been highlighted for consistent earnings per share growth of 27% per year over the last three years, alongside revenue growth of 16% and steady EBIT margins, according to recent coverage from Simply Wall St. Insiders at Medacta Group are reported to hold around 70% of the company, which closely aligns management and shareholder interests, based on the same Simply Wall St analysis.
STMN
CHF 107.65
Straumann Holding
7D
1.2%
1Y
2.3%
Narrative Update • Jun 22

STMN: Raised Profitability Guidance And Refined Assumptions Support Balanced Forward Outlook

Straumann Holding's analyst price target has been adjusted by CHF 1, supported by analysts' updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples, along with recent Street research that includes price target increases to CHF 120 at Barclays and smaller upward revisions at Morgan Stanley and Citi. Analyst Commentary Recent research around Straumann Holding shows a cluster of upward price target revisions, which signals that covering analysts are revisiting their assumptions on valuation, growth and execution risk.
VBSN
CHF 129.00
IVF Hartmann Holding
7D
2.4%
1Y
-6.5%
CLTN
CHF 52.40
COLTENE Holding
7D
1.9%
1Y
-22.1%
METN
CHF 728.00
Metall Zug
7D
0.3%
1Y
-30.3%