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Swiss (SMI) Medical Equipment Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies10
  • 7D1.8%
  • 3M8.0%
  • 1Y-12.4%
  • YTD-3.7%

In the last week, the Medical Equipment industry is up 1.8%, with Sonova Holding up 6.7%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Jul 2026CHF 65.9bCHF 17.4bCHF 1.9b30.9x34.8x3.8x
Wed, 03 Jun 2026CHF 61.4bCHF 17.2bCHF 1.9b31.2x32.7x3.6x
Fri, 01 May 2026CHF 60.8bCHF 17.3bCHF 2.0b32.2x31.1x3.5x
Sun, 29 Mar 2026CHF 61.1bCHF 17.5bCHF 2.0b33.7x30.9x3.5x
Tue, 24 Feb 2026CHF 66.8bCHF 17.0bCHF 2.0b24x33.7x3.9x
Thu, 22 Jan 2026CHF 71.5bCHF 17.2bCHF 2.1b25.3x34.5x4.2x
Sat, 20 Dec 2025CHF 68.5bCHF 17.2bCHF 2.1b23.6x33x4x
Mon, 17 Nov 2025CHF 68.2bCHF 17.2bCHF 2.0b34.6x34.6x4x
Wed, 15 Oct 2025CHF 65.3bCHF 17.1bCHF 2.0b32.1x32.4x3.8x
Fri, 12 Sep 2025CHF 71.1bCHF 17.1bCHF 2.0b33.6x35.3x4.2x
Sun, 10 Aug 2025CHF 74.6bCHF 17.1bCHF 2.1b35.2x34.8x4.4x
Tue, 08 Jul 2025CHF 76.0bCHF 17.0bCHF 2.1b36.3x35.6x4.5x
Thu, 05 Jun 2025CHF 77.8bCHF 17.2bCHF 2.2b37.1x36x4.5x
Sat, 03 May 2025CHF 82.4bCHF 17.0bCHF 2.1b36.4x39.3x4.9x
Mon, 31 Mar 2025CHF 84.8bCHF 17.5bCHF 2.2b37x39.4x4.8x
Wed, 26 Feb 2025CHF 87.1bCHF 17.6bCHF 2.3b38.2x38.1x5x
Fri, 24 Jan 2025CHF 88.9bCHF 17.8bCHF 2.1b37.8x41.7x5x
Sun, 22 Dec 2024CHF 82.2bCHF 17.6bCHF 2.1b36.3x38.8x4.7x
Tue, 19 Nov 2024CHF 83.7bCHF 17.5bCHF 2.1b36.7x39x4.8x
Thu, 17 Oct 2024CHF 90.7bCHF 17.1bCHF 2.1b42.8x43.7x5.3x
Sat, 14 Sep 2024CHF 89.6bCHF 16.9bCHF 2.0b44x43.8x5.3x
Mon, 12 Aug 2024CHF 85.0bCHF 16.9bCHF 1.9b43.9x44.2x5x
Wed, 10 Jul 2024CHF 85.4bCHF 17.3bCHF 2.0b47.1x43.5x5x
Fri, 07 Jun 2024CHF 87.4bCHF 17.2bCHF 2.0b49.5x44.7x5.1x
Sun, 05 May 2024CHF 79.7bCHF 17.2bCHF 1.9b44.6x42x4.6x
Tue, 02 Apr 2024CHF 85.8bCHF 17.2bCHF 1.9b47.5x45.3x5x
Thu, 29 Feb 2024CHF 86.1bCHF 17.0bCHF 2.0b43x43.5x5.1x
Sat, 27 Jan 2024CHF 80.3bCHF 16.6bCHF 1.6b55.4x48.7x4.8x
Mon, 25 Dec 2023CHF 80.6bCHF 16.5bCHF 1.6b54.6x49x4.9x
Wed, 22 Nov 2023CHF 74.5bCHF 16.9bCHF 1.7b48.7x43.7x4.4x
Fri, 20 Oct 2023CHF 71.6bCHF 16.8bCHF 1.6b44.9x44.5x4.3x
Sun, 17 Sep 2023CHF 80.2bCHF 16.8bCHF 1.6b54.9x49.9x4.8x
Tue, 15 Aug 2023CHF 81.2bCHF 16.4bCHF 1.6b51.3x49.4x5x
Thu, 13 Jul 2023CHF 81.9bCHF 16.4bCHF 1.6b52.3x49.8x5x
Price to Earnings Ratio

49.8x


Total Market Cap: CHF 81.9bTotal Earnings: CHF 1.6bTotal Revenue: CHF 16.4bTotal 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 4.8% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CH Market1.38%
Healthcare1.08%
Medical Equipment1.79%
Medical Equipment2.82%
Medical Supplies0.73%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 50.4x.
    • 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 203.606.7%
+CHF 754.4m		-12.2%PE22.5x
ALC AlconCHF 55.040.9%
+CHF 243.9m		-21.0%PE40.8x
STMN Straumann HoldingCHF 107.650.8%
+CHF 135.5m		3.2%PE48.1x
MED Medartis HoldingCHF 85.303.0%
+CHF 31.1m		10.6%PE127.2x
CLTN COLTENE HoldingCHF 52.404.8%
+CHF 14.3m		-22.9%PE21x

Latest News

ALC
CHF 55.04
Alcon
7D
0.9%
1Y
-21.0%
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
6.7%
1Y
-12.2%
MEDX
CHF 8.17
medmix
7D
2.5%
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
-0.7%
1Y
-14.0%
MED
CHF 85.30
Medartis Holding
7D
3.0%
1Y
10.6%
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
-0.1%
1Y
1.8%
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
0.8%
1Y
3.2%
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
3.2%
1Y
-5.8%
CLTN
CHF 52.40
COLTENE Holding
7D
4.8%
1Y
-22.9%
METN
CHF 728.00
Metall Zug
7D
-0.1%
1Y
-30.0%