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Swiss (SMI) Medical Equipment Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.8%
  • 3M12.4%
  • 1Y-3.7%
  • YTD1.4%

In the last week, the Medical Equipment industry is flat overall, with Straumann Holding standing out by going down 5.4%. Unfortunately though, the industry is down 3.7% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026CHF 69.1bCHF 17.6bCHF 1.8b29.1x39.5x3.9x
Sat, 18 Jul 2026CHF 65.8bCHF 17.5bCHF 1.9b31.2x34.7x3.8x
Mon, 15 Jun 2026CHF 62.2bCHF 17.4bCHF 1.9b30.4x32.9x3.6x
Wed, 13 May 2026CHF 57.4bCHF 17.5bCHF 1.8b30.8x31.4x3.3x
Fri, 10 Apr 2026CHF 63.0bCHF 17.4bCHF 2.0b33.7x32x3.6x
Sun, 08 Mar 2026CHF 64.8bCHF 17.2bCHF 1.9b29.2x33.3x3.8x
Tue, 03 Feb 2026CHF 67.9bCHF 17.1bCHF 2.1b24x33x4x
Thu, 01 Jan 2026CHF 68.5bCHF 17.2bCHF 2.1b23.7x33x4x
Sat, 29 Nov 2025CHF 68.0bCHF 17.3bCHF 2.1b23.2x32.6x3.9x
Mon, 27 Oct 2025CHF 68.0bCHF 17.1bCHF 2.0b33.5x33.8x4x
Wed, 24 Sep 2025CHF 68.6bCHF 17.0bCHF 2.0b33.8x34.2x4x
Fri, 22 Aug 2025CHF 71.4bCHF 17.3bCHF 2.1b30.3x34.5x4.1x
Sun, 20 Jul 2025CHF 77.0bCHF 17.0bCHF 2.1b36.8x36x4.5x
Tue, 17 Jun 2025CHF 77.1bCHF 17.2bCHF 2.2b36.8x35.7x4.5x
Thu, 15 May 2025CHF 80.6bCHF 17.3bCHF 2.2b38.3x37.1x4.7x
Sat, 12 Apr 2025CHF 73.8bCHF 16.9bCHF 2.1b33.2x35.4x4.4x
Mon, 10 Mar 2025CHF 84.8bCHF 17.6bCHF 2.2b41x39.4x4.8x
Wed, 05 Feb 2025CHF 89.9bCHF 17.8bCHF 2.1b38.9x42.1x5.1x
Fri, 03 Jan 2025CHF 82.8bCHF 17.8bCHF 2.1b36.1x38.8x4.7x
Sun, 01 Dec 2024CHF 84.3bCHF 17.5bCHF 2.1b37.9x40.1x4.8x
Tue, 29 Oct 2024CHF 91.2bCHF 17.1bCHF 2.1b42.6x44x5.3x
Thu, 26 Sep 2024CHF 90.8bCHF 16.9bCHF 2.0b44.3x44.3x5.4x
Sat, 24 Aug 2024CHF 89.0bCHF 16.9bCHF 2.0b43.2x43.5x5.3x
Mon, 22 Jul 2024CHF 84.1bCHF 17.2bCHF 2.0b42.4x43.1x4.9x
Wed, 19 Jun 2024CHF 82.8bCHF 17.1bCHF 1.9b48.7x42.5x4.8x
Fri, 17 May 2024CHF 87.3bCHF 17.3bCHF 2.0b47.1x44.4x5x
Sun, 14 Apr 2024CHF 84.5bCHF 17.3bCHF 1.9b45.7x44.3x4.9x
Tue, 12 Mar 2024CHF 88.2bCHF 16.9bCHF 1.9b44.6x47.1x5.2x
Thu, 08 Feb 2024CHF 80.9bCHF 16.7bCHF 1.7b55.6x48.9x4.8x
Sat, 06 Jan 2024CHF 77.6bCHF 16.5bCHF 1.6b52.8x47.3x4.7x
Mon, 04 Dec 2023CHF 76.2bCHF 16.7bCHF 1.7b49.5x46.1x4.6x
Wed, 01 Nov 2023CHF 70.2bCHF 17.0bCHF 1.6b43.4x43.4x4.1x
Fri, 29 Sep 2023CHF 75.7bCHF 17.0bCHF 1.6b47.8x46.8x4.4x
Sun, 27 Aug 2023CHF 80.7bCHF 16.7bCHF 1.6b56x50.4x4.8x
Price to Earnings Ratio

50.4x


Total Market Cap: CHF 80.7bTotal Earnings: CHF 1.6bTotal Revenue: CHF 16.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Medical Equipment Industry Price to Earnings3Y Average 39.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swiss Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 39.6x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 3.0% 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 Market-0.71%
Healthcare1.00%
Medical Equipment-0.79%
Medical Supplies0.47%
Medical Equipment-2.03%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 47.5x.
    • Analysts are expecting annual earnings growth of 22.5%, which is higher than its past year's earnings decline of 3.5% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 35.9x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow 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 Price7D1YValuation
SOON Sonova HoldingCHF 241.800.7%
+CHF 106.9m		3.9%PE26.7x
MED Medartis HoldingCHF 93.507.6%
+CHF 82.1m		10.8%PE78x
YPSN Ypsomed HoldingCHF 411.601.5%
+CHF 81.5m		2.3%PE24.4x
ALC AlconCHF 59.380.3%
+CHF 77.3m		-9.4%PE56x
METN Metall ZugCHF 822.004.4%
+CHF 15.6m		-15.6%PS1.9x

Latest News

MED
CHF 93.50
Medartis Holding
7D
7.6%
1Y
10.8%
VBSN
CHF 137.00
IVF Hartmann Holding
7D
2.2%
1Y
-4.9%
STMN
CHF 97.22
Straumann Holding
7D
-5.4%
1Y
1.2%
YPSN
CHF 411.60
Ypsomed Holding
7D
1.5%
1Y
2.3%
Narrative Update • Aug 19

YPSN: Medium Term Delivery Demand And Dividend Will Support Upside

Analysts have raised the fair value estimate for Ypsomed Holding shares from CHF 455 to CHF 480, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E that reflect recent changes in published price targets and differing views on the company’s medium term sales outlook. Analyst Commentary Recent Street research on Ypsomed Holding shows a split in opinion, which helps explain why fair value estimates have been adjusted rather than anchored to a single viewpoint.
CLTN
CHF 47.65
COLTENE Holding
7D
-1.4%
1Y
-5.6%
ALC
CHF 59.38
Alcon
7D
0.3%
1Y
-9.4%
MOVE
CHF 130.00
Medacta Group
7D
-0.9%
1Y
-15.4%
Analysis Article • Aug 05

If EPS Growth Is Important To You, Medacta Group (VTX:MOVE) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
MEDX
CHF 8.99
medmix
7D
-3.1%
1Y
-15.7%
SOON
CHF 241.80
Sonova Holding
7D
0.7%
1Y
3.9%
Narrative Update • Jul 22

SOON: Mixed Rating Shifts And Dividend Outlook May Steady P E Over Time

The analyst price target for Sonova Holding has been raised from CHF 216.51 to CHF 221.83, as analysts cite relative valuation versus peers and indications of a possible growth inflection in recent sector research. Analyst Commentary Recent research on Sonova Holding shows a mix of optimism about potential growth and ongoing caution around valuation and execution, giving you a more balanced view of how the stock is being framed by the market.
METN
CHF 822.00
Metall Zug
7D
4.4%
1Y
-15.6%