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Swiss (SMI) Industrials Sector Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies47
  • 7D1.9%
  • 3M7.9%
  • 1Y11.3%
  • YTD2.3%

In the last week, the Industrials industry is up 3.2%, with ABB up 4.2%. This takes the industry's 12 month performance to a gain of 13%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Swiss Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026CHF 302.2bCHF 153.6bCHF 10.0b25.5x30.1x2x
Tue, 16 Dec 2025CHF 286.1bCHF 153.5bCHF 10.0b25.7x28.6x1.9x
Thu, 13 Nov 2025CHF 280.3bCHF 153.2bCHF 10.0b24x28x1.8x
Sat, 11 Oct 2025CHF 279.8bCHF 153.2bCHF 10.0b22.5x28.1x1.8x
Mon, 08 Sep 2025CHF 276.4bCHF 153.3bCHF 10.0b22.4x27.7x1.8x
Wed, 06 Aug 2025CHF 275.9bCHF 153.3bCHF 10.1b22x27.4x1.8x
Fri, 04 Jul 2025CHF 257.6bCHF 148.6bCHF 9.7b21.1x26.5x1.7x
Sun, 01 Jun 2025CHF 255.6bCHF 149.4bCHF 9.8b20.6x26x1.7x
Tue, 29 Apr 2025CHF 238.3bCHF 149.4bCHF 9.8b18.9x24.3x1.6x
Thu, 27 Mar 2025CHF 258.6bCHF 151.4bCHF 9.9b21.2x26.2x1.7x
Sat, 22 Feb 2025CHF 266.8bCHF 151.2bCHF 10.2b21.2x26.2x1.8x
Mon, 20 Jan 2025CHF 254.4bCHF 151.3bCHF 10.1b20.9x25.2x1.7x
Wed, 18 Dec 2024CHF 258.2bCHF 150.5bCHF 10.0b20.9x25.8x1.7x
Fri, 15 Nov 2024CHF 256.1bCHF 150.3bCHF 10.0b20.8x25.6x1.7x
Sun, 13 Oct 2024CHF 261.9bCHF 148.2bCHF 9.8b21.5x26.8x1.8x
Tue, 10 Sep 2024CHF 255.0bCHF 147.9bCHF 9.7b21.3x26.2x1.7x
Thu, 08 Aug 2024CHF 252.1bCHF 148.4bCHF 9.8b19.9x25.8x1.7x
Sat, 06 Jul 2024CHF 262.8bCHF 151.5bCHF 10.0b19.8x26.3x1.7x
Mon, 03 Jun 2024CHF 263.4bCHF 151.8bCHF 10.0b19.4x26.3x1.7x
Wed, 01 May 2024CHF 248.2bCHF 152.9bCHF 10.1b20.2x24.5x1.6x
Fri, 29 Mar 2024CHF 247.3bCHF 153.3bCHF 10.4b20.8x23.8x1.6x
Sun, 25 Feb 2024CHF 250.9bCHF 160.7bCHF 10.8b19.9x23.2x1.6x
Tue, 23 Jan 2024CHF 219.3bCHF 154.0bCHF 10.4b17.5x21.1x1.4x
Thu, 21 Dec 2023CHF 226.9bCHF 153.7bCHF 10.3b18.1x21.9x1.5x
Sat, 18 Nov 2023CHF 207.3bCHF 155.2bCHF 10.5b17.2x19.8x1.3x
Mon, 16 Oct 2023CHF 202.2bCHF 159.5bCHF 10.3b16.1x19.6x1.3x
Wed, 13 Sep 2023CHF 205.7bCHF 159.3bCHF 10.3b17.2x20.1x1.3x
Fri, 11 Aug 2023CHF 214.9bCHF 158.8bCHF 10.1b18.9x21.2x1.4x
Sun, 09 Jul 2023CHF 227.4bCHF 168.9bCHF 10.5b19.5x21.8x1.3x
Tue, 06 Jun 2023CHF 231.1bCHF 169.1bCHF 10.5b19.2x22x1.4x
Thu, 04 May 2023CHF 228.5bCHF 168.3bCHF 10.4b20.3x21.9x1.4x
Sat, 01 Apr 2023CHF 227.5bCHF 170.8bCHF 10.2b23.8x22.3x1.3x
Mon, 27 Feb 2023CHF 225.9bCHF 171.1bCHF 10.4b24.4x21.7x1.3x
Wed, 25 Jan 2023CHF 224.5bCHF 171.8bCHF 12.1b20.1x18.6x1.3x
Price to Earnings Ratio

18.6x


Total Market Cap: CHF 224.5bTotal Earnings: CHF 12.1bTotal Revenue: CHF 171.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Industrials Sector Price to Earnings3Y Average 24.4x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.2x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 5.9% per year over the last three years,
  • Revenues have also declined 3.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Swiss Industrials sector?

CH Market0.26%
Industrials1.89%
Marine and Shipping4.59%
Machinery3.37%
Transportation2.57%
Electrical2.55%
Airlines0%0
Professional Services-0.51%
Building-0.96%
Trade Distributors-1.16%
Commercial Services-1.25%
Aerospace & Defense-1.54%
Construction-3.74%
Infrastructure-4.22%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 38.5% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Commercial Services industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 38% over the next 5 years.
  • In contrast, the Commercial Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ABBN ABBCHF 61.602.4%
+CHF 2.6b		21.5%PE31.3x
VACN VAT GroupCHF 506.2014.1%
+CHF 1.9b		48.2%PE67.9x
KNIN Kuehne + Nagel InternationalCHF 184.454.6%
+CHF 961.7m		-8.6%PE21.4x
BEAN BELIMO HoldingCHF 891.506.5%
+CHF 670.3m		38.8%PE64.2x
SUN SulzerCHF 167.809.1%
+CHF 472.3m		18.5%PE20.7x

Latest News

VACN
CHF 506.20
VAT Group
7D
14.1%
1Y
48.2%
INRN
CHF 2,175.00
Interroll Holding
7D
-4.6%
1Y
2.6%
DKSH
CHF 58.00
DKSH Holding
7D
-1.7%
1Y
-16.5%
DOKA
CHF 60.40
dormakaba Holding
7D
-5.6%
1Y
-4.6%
IMPN
CHF 74.90
Implenia
7D
-5.3%
1Y
146.0%
SFSN
CHF 111.60
SFS Group
7D
-3.3%
1Y
-6.7%

SFSN: Analyst Day Insights Will Support Attractive Long Term Earnings Profile

Analysts have reduced their price target for SFS Group from €134.20 to €131.00, reflecting updated assumptions for slightly lower revenue growth, a modestly higher discount rate, and a small adjustment to projected profit margins and future P/E. What's in the News SFS Group held an Analyst/Investor Day, giving the market an updated look at its business and financial priorities (Key Developments).
FHZN
CHF 249.60
Flughafen Zürich
7D
-4.2%
1Y
14.9%

FHZN: Stronger 2025 Traffic And Margins Will Face Balanced Market Expectations

Analysts have inched their fair value estimate for Flughafen Zürich up to CHF 253.75 from CHF 252.88, citing updated assumptions around revenue growth, profit margins, discount rates and future P/E expectations, along with recent price target revisions and traffic‑driven earnings adjustments on the Street. Analyst Commentary Bullish Takeaways Bullish analysts are lifting traffic driven earnings assumptions for 2025, which supports higher regulated EBIT forecasts and offers some support for the updated fair value and existing premium price targets such as CHF 270.
ACLN
CHF 68.40
Accelleron Industries
7D
4.7%
1Y
49.7%

ACLN: Fair Outlook Will Reflect Stable Margins And Higher Risk Pricing

Analysts have nudged their price target on Accelleron Industries slightly lower to €68.86 from €68.92, citing updated assumptions around the discount rate and future P/E multiples, while keeping revenue growth and profit margin expectations broadly unchanged. Valuation Changes Fair Value: slightly lower, moving from €68.92 to €68.86 per share.
HUBN
CHF 159.40
Huber+Suhner
7D
5.0%
1Y
109.5%

Why We're Not Concerned About Huber+Suhner AG's (VTX:HUBN) Share Price

Jan 11
Why We're Not Concerned About Huber+Suhner AG's (VTX:HUBN) Share Price
KNIN
CHF 184.45
Kuehne + Nagel International
7D
4.6%
1Y
-8.6%

KNIN: Cost Cuts And Weak Margin Execution Will Pressure Future Returns

Analysts have slightly increased their fair value estimate for Kuehne + Nagel International from CHF 158.00 to approximately CHF 159.06, reflecting recent price target revisions that underscore differing views on margin prospects, cost-cutting measures, and capital allocation. Analyst Commentary Recent research shows a split view on Kuehne + Nagel International, with some price targets moving higher and others being cut, as analysts reassess execution on margins, cost discipline, and growth investments.
SUN
CHF 167.80
Sulzer
7D
9.1%
1Y
18.5%

Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching

Jan 10
Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching
GEBN
CHF 613.80
Geberit
7D
-4.0%
1Y
21.4%

Geberit AG's (VTX:GEBN) Price Is Out Of Tune With Earnings

Jan 10
Geberit AG's (VTX:GEBN) Price Is Out Of Tune With Earnings
BEAN
CHF 891.50
BELIMO Holding
7D
6.5%
1Y
38.8%

BEAN: Tariff Cost Pressures Will Test But Not Break Long Term Thesis

Analysts have trimmed their fair value estimate for BELIMO Holding from CHF 1,100 to CHF 1,000 as they factor in a slightly higher discount rate, more moderate revenue growth assumptions, and tariff related pressure on material costs and gross profits, even while assuming a higher profit margin and a lower future P/E multiple. Analyst Commentary Some bullish analysts remain constructive on BELIMO Holding even as they trim their fair value assumptions.
SCHN
CHF 293.50
Schindler Holding
7D
1.0%
1Y
18.8%

SCHN: Slightly Lowered Assumptions And Investor Day Updates Will Guide Medium Term Outlook

Analysts have reduced their price target on Schindler Holding to CHF 287 from CHF 294. This adjustment reflects slightly updated assumptions on the discount rate, revenue growth, profit margins and expected future P/E multiples.
ABBN
CHF 61.60
ABB
7D
2.4%
1Y
21.5%

ABBN: Higher Fair Value View Will Rely On Data Center Expansion

Analysts have raised their fair value estimate for ABB from about $63.81 to roughly $72.70, citing updated assumptions related to revenue growth, discount rates, profit margins and future P/E levels. What's in the News Blackstone is reported to be close to a roughly US$4b deal for MacLean Power Systems after ABB chose not to increase its competing offer, according to people familiar with the matter (Bloomberg / M&A talks).
ADEN
CHF 22.86
Adecco Group
7D
-3.5%
1Y
5.4%

ADEN: Upcoming CFO Transition And Investor Day Will Support Bullish Outlook

Analysts have raised their price target for Adecco Group slightly to about €39.24 from roughly €39.14, citing updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple. What's in the News Adecco Group plans to hold an Analyst/Investor Day, giving you a chance to hear management discuss the business and medium term priorities directly (Key Developments).