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Swiss (SMI) Industrials Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies47
  • 7D2.2%
  • 3M14.9%
  • 1Y15.2%
  • YTD6.2%

In the last week, the Industrials industry is up 2.2%, with Schindler Holding leading the way with a 3.9% gain. This takes the industry's 12 month performance to a gain of 15%. 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, 08 Feb 2026CHF 313.5bCHF 151.2bCHF 10.0b26x31.4x2.1x
Tue, 06 Jan 2026CHF 295.4bCHF 153.1bCHF 10.0b26.1x29.6x1.9x
Thu, 04 Dec 2025CHF 278.9bCHF 153.5bCHF 10.0b25.3x27.8x1.8x
Sat, 01 Nov 2025CHF 282.9bCHF 153.5bCHF 10.1b21.7x28.1x1.8x
Mon, 29 Sep 2025CHF 275.2bCHF 153.2bCHF 10.0b21.4x27.6x1.8x
Wed, 27 Aug 2025CHF 276.6bCHF 153.2bCHF 10.0b23x27.8x1.8x
Fri, 25 Jul 2025CHF 273.0bCHF 149.0bCHF 9.7b22.3x28x1.8x
Sun, 22 Jun 2025CHF 254.4bCHF 149.5bCHF 9.8b21x25.9x1.7x
Tue, 20 May 2025CHF 260.7bCHF 149.9bCHF 9.9b20.8x26.4x1.7x
Thu, 17 Apr 2025CHF 229.6bCHF 148.0bCHF 9.6b18.2x23.9x1.6x
Sat, 15 Mar 2025CHF 260.4bCHF 152.0bCHF 10.0b21.2x26.1x1.7x
Mon, 10 Feb 2025CHF 255.4bCHF 151.4bCHF 10.1b21x25.3x1.7x
Wed, 08 Jan 2025CHF 254.7bCHF 151.0bCHF 10.1b21.2x25.3x1.7x
Fri, 06 Dec 2024CHF 261.4bCHF 149.8bCHF 9.9b21.3x26.3x1.7x
Sun, 03 Nov 2024CHF 255.7bCHF 150.0bCHF 9.9b20.8x25.8x1.7x
Tue, 01 Oct 2024CHF 264.0bCHF 148.0bCHF 9.7b22.2x27.1x1.8x
Thu, 29 Aug 2024CHF 261.0bCHF 147.6bCHF 9.7b20.6x27x1.8x
Sat, 27 Jul 2024CHF 264.2bCHF 150.1bCHF 10.0b20.6x26.5x1.8x
Mon, 24 Jun 2024CHF 260.7bCHF 151.1bCHF 10.0b20x26.1x1.7x
Wed, 22 May 2024CHF 261.6bCHF 152.6bCHF 10.1b20.3x26x1.7x
Fri, 19 Apr 2024CHF 246.7bCHF 153.6bCHF 10.3b19.4x23.9x1.6x
Sun, 17 Mar 2024CHF 251.5bCHF 156.3bCHF 10.6b20.3x23.8x1.6x
Tue, 13 Feb 2024CHF 240.7bCHF 160.8bCHF 10.7b18.7x22.4x1.5x
Thu, 11 Jan 2024CHF 221.4bCHF 153.1bCHF 10.3b17.6x21.5x1.4x
Sat, 09 Dec 2023CHF 216.1bCHF 154.5bCHF 10.4b17.5x20.7x1.4x
Mon, 06 Nov 2023CHF 197.1bCHF 155.6bCHF 10.5b16.1x18.8x1.3x
Wed, 04 Oct 2023CHF 204.2bCHF 160.3bCHF 10.4b16.1x19.7x1.3x
Fri, 01 Sep 2023CHF 211.8bCHF 159.0bCHF 10.2b17.8x20.8x1.3x
Sun, 30 Jul 2023CHF 218.4bCHF 158.6bCHF 10.2b17.8x21.5x1.4x
Tue, 27 Jun 2023CHF 228.3bCHF 169.1bCHF 10.5b19.1x21.8x1.4x
Thu, 25 May 2023CHF 225.1bCHF 169.2bCHF 10.5b18.8x21.5x1.3x
Sat, 22 Apr 2023CHF 227.0bCHF 171.1bCHF 10.4b19.9x21.8x1.3x
Mon, 20 Mar 2023CHF 219.1bCHF 171.0bCHF 10.2b23.6x21.4x1.3x
Wed, 15 Feb 2023CHF 226.8bCHF 172.0bCHF 10.5b22.8x21.5x1.3x
Price to Earnings Ratio

21.5x


Total Market Cap: CHF 226.8bTotal Earnings: CHF 10.5bTotal Revenue: CHF 172.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Industrials Sector Price to Earnings3Y Average 24.6x202420252026
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 31.4x which is higher than its 3-year average PE of 24.6x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 4.2% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

CH Market2.20%
Industrials2.24%
Trade Distributors6.04%
Marine and Shipping4.62%
Building4.28%
Infrastructure4.17%
Machinery3.29%
Construction2.93%
Professional Services2.52%
Commercial Services1.67%
Transportation1.01%
Electrical0.49%
Airlines0%0
Aerospace & Defense-3.90%
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 Infrastructure 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
SCHN Schindler HoldingCHF 295.503.9%
+CHF 1.2b		16.1%PE31.8x
GEBN GeberitCHF 622.805.6%
+CHF 1.1b		22.6%PE34.7x
KNIN Kuehne + Nagel InternationalCHF 186.954.6%
+CHF 979.5m		-7.2%PE21.7x
SGSN SGSCHF 95.362.8%
+CHF 495.5m		7.0%PE29.4x
ABBN ABBCHF 66.900.4%
+CHF 436.2m		34.7%PE34.4x

Latest News

SUN
CHF 176.00
Sulzer
7D
5.9%
1Y
23.9%

SUN: Small Model Adjustments Will Likely Keep Shares Overpriced

Analysts have kept their price target for Sulzer steady at €130.00, citing only modest parameter updates to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major change in their overall outlook. Valuation Changes Fair Value: The fair value estimate remains unchanged at €130.00 per share, indicating no adjustment to the central valuation level.
VACN
CHF 491.80
VAT Group
7D
-1.9%
1Y
43.3%

VACN: Fair Value View Balances Semiconductor Cycle Upswing With Execution Risks

Analysts have raised their implied fair value estimate for VAT Group from CHF 378.87 to about CHF 459.63, citing higher price targets from several firms alongside updated assumptions for revenue growth, discount rate, profit margin and future P/E multiples. Analyst Commentary Recent research on VAT Group reflects a mixed set of views, with some analysts lifting price targets and others turning more cautious on execution risk and sector expectations.
SCHN
CHF 295.50
Schindler Holding
7D
3.9%
1Y
16.1%

SCHN: Measured Outlook As Recent Upgrades And Event Day Guide Medium Term

Analysts have nudged their fair value estimate for Schindler Holding up from CHF 302.33 to CHF 304.50, reflecting updated assumptions on discount rates, revenue growth, margins and future P/E after recent positive research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the recent fair value adjustment to CHF 304.50 as better aligned with their updated assumptions on discount rates and long term earnings power, which they view as supportive for the current P/E framework.
HUBN
CHF 173.40
Huber+Suhner
7D
11.0%
1Y
130.0%
ABBN
CHF 66.90
ABB
7D
0.4%
1Y
34.7%

ABBN: Data Center Demand And 2026 Outlook Will Support Future Upside

Analysts have lifted their fair value estimate for ABB by about $5 to roughly $78. This reflects updated views on revenue growth, profit margins and a slightly lower future P/E multiple following recent price target increases and rating upgrades.
AERO
CHF 32.05
Montana Aerospace
7D
-3.9%
1Y
87.9%
GEBN
CHF 622.80
Geberit
7D
5.6%
1Y
22.6%

GEBN: Raised Guidance And Higher Earnings Quality Assumptions Will Support Long Term Upside

Our updated view on Geberit trims the analyst fair value estimate from CHF 732 to CHF 701, reflecting a slightly higher discount rate and lower assumed future P/E, even as analysts reference recent mixed price target revisions around CHF 528 from the Street. Analyst Commentary Recent Street research on Geberit shows a mix of price target adjustments, with some bullish analysts highlighting areas where they see the risk or reward balance as attractive enough to support higher valuation levels over time.
SGSN
CHF 95.36
SGS
7D
2.8%
1Y
7.0%

An Intrinsic Calculation For SGS SA (VTX:SGSN) Suggests It's 32% Undervalued

Feb 02
An Intrinsic Calculation For SGS SA (VTX:SGSN) Suggests It's 32% Undervalued
KARN
CHF 263.00
Kardex Holding
7D
-3.0%
1Y
-6.1%
SFSN
CHF 122.40
SFS Group
7D
7.9%
1Y
6.6%

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

Analysts have trimmed their fair value estimate for SFS Group slightly from €131.00 to about €130.83, reflecting updated views on revenue growth, profit margins, and the appropriate forward P/E multiple. What's in the News SFS Group held an Analyst/Investor Day, giving the market an updated view on its business, priorities, and financial framework (Key Developments).
KNIN
CHF 186.95
Kuehne + Nagel International
7D
4.6%
1Y
-7.2%

KNIN: Cost Cutting And Margin Focus Will Support Future Re-Rating

The analyst price target for Kuehne + Nagel International has been revised to about CHF 208 from roughly CHF 225, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples following a mix of recent upgrades and target moves across the Street. Analyst Commentary Recent Street research on Kuehne + Nagel International has been mixed, but there is a clear group of bullish analysts highlighting areas where they see improving execution and potential for better valuation support.
ACLN
CHF 72.75
Accelleron Industries
7D
-1.4%
1Y
69.0%

ACLN: Fair Outlook Will Reflect Slightly Higher Risk Pricing Ahead

Analysts have raised their price target for Accelleron Industries slightly, citing small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions as the main drivers of the change. Valuation Changes Fair Value: Adjusted slightly from CHF 68.86 to CHF 69.59 per share.
PMN
CHF 440.00
Phoenix Mecano
7D
-0.5%
1Y
7.8%

PMN: Recalibrated Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target on Phoenix Mecano to about CHF 526.72 from roughly CHF 580.06 as they factor in updated assumptions for fair value, discount rate, revenue growth and profit margin that align the stock more closely with recent research approaches seen across the market. Analyst Commentary Even with the trimmed price target, bullish analysts still frame Phoenix Mecano as a name where updated assumptions bring the stock closer to what they view as a reasonable fair value.
GAV
CHF 152.50
Carlo Gavazzi Holding
7D
-4.1%
1Y
-21.4%
KLIN
CHF 11.10
Klingelnberg
7D
-2.6%
1Y
-11.9%