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Swiss (SMI) Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies47
  • 7D4.1%
  • 3M-0.2%
  • 1Y2.8%
  • YTD4.0%

The Industrials industry is up 2.6% in the last week, with ABB up 2.7%. Meanwhile, Adecco Group actually underperformed within the industry, shrinking 7.4% in the last week. This means that the industry has gained 3.0% over the past year. Looking forward, 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
Sat, 29 Nov 2025CHF 269.1bCHF 153.7bCHF 10.1b25.6x26.8x1.8x
Mon, 27 Oct 2025CHF 284.3bCHF 153.1bCHF 10.0b21.8x28.3x1.9x
Wed, 24 Sep 2025CHF 279.3bCHF 153.1bCHF 9.9b21.5x28.1x1.8x
Fri, 22 Aug 2025CHF 275.8bCHF 153.5bCHF 10.0b22.9x27.6x1.8x
Sun, 20 Jul 2025CHF 271.3bCHF 149.3bCHF 9.7b22.4x27.8x1.8x
Tue, 17 Jun 2025CHF 262.0bCHF 149.4bCHF 9.8b21.3x26.8x1.8x
Thu, 15 May 2025CHF 258.0bCHF 150.3bCHF 9.9b20.2x26x1.7x
Sat, 12 Apr 2025CHF 222.7bCHF 148.3bCHF 9.6b18.6x23.2x1.5x
Mon, 10 Mar 2025CHF 261.6bCHF 151.8bCHF 10.0b20.8x26.2x1.7x
Wed, 05 Feb 2025CHF 253.4bCHF 151.3bCHF 10.1b21x25.1x1.7x
Fri, 03 Jan 2025CHF 252.1bCHF 150.9bCHF 10.0b21.1x25.1x1.7x
Sun, 01 Dec 2024CHF 256.0bCHF 149.9bCHF 9.9b20.9x25.8x1.7x
Tue, 29 Oct 2024CHF 258.5bCHF 149.6bCHF 9.9b21.2x26.2x1.7x
Thu, 26 Sep 2024CHF 265.2bCHF 148.2bCHF 9.8b21x27.2x1.8x
Sat, 24 Aug 2024CHF 262.5bCHF 148.0bCHF 9.7b21.4x27.1x1.8x
Mon, 22 Jul 2024CHF 259.8bCHF 150.5bCHF 10.1b20.2x25.7x1.7x
Wed, 19 Jun 2024CHF 264.2bCHF 150.5bCHF 10.0b19.5x26.5x1.8x
Fri, 17 May 2024CHF 261.3bCHF 152.3bCHF 10.0b20.6x26x1.7x
Sun, 14 Apr 2024CHF 243.7bCHF 153.8bCHF 10.4b20.3x23.4x1.6x
Tue, 12 Mar 2024CHF 248.2bCHF 156.2bCHF 10.6b20.3x23.4x1.6x
Thu, 08 Feb 2024CHF 238.6bCHF 160.5bCHF 10.7b18.9x22.2x1.5x
Sat, 06 Jan 2024CHF 221.7bCHF 152.9bCHF 10.3b17.6x21.6x1.4x
Mon, 04 Dec 2023CHF 212.9bCHF 154.0bCHF 10.4b17.4x20.5x1.4x
Wed, 01 Nov 2023CHF 190.2bCHF 156.0bCHF 10.5b15.5x18.1x1.2x
Fri, 29 Sep 2023CHF 203.2bCHF 160.4bCHF 10.3b16.3x19.6x1.3x
Sun, 27 Aug 2023CHF 206.9bCHF 158.8bCHF 10.1b17.3x20.4x1.3x
Tue, 25 Jul 2023CHF 231.2bCHF 169.4bCHF 10.9b18.6x21.2x1.4x
Thu, 22 Jun 2023CHF 229.0bCHF 169.3bCHF 10.5b19x21.9x1.4x
Sat, 20 May 2023CHF 232.1bCHF 168.8bCHF 10.5b19.9x22.2x1.4x
Mon, 17 Apr 2023CHF 224.9bCHF 171.1bCHF 10.3b20.2x21.7x1.3x
Wed, 15 Mar 2023CHF 222.7bCHF 170.1bCHF 10.1b23.7x22x1.3x
Fri, 10 Feb 2023CHF 228.4bCHF 171.8bCHF 10.6b21.2x21.5x1.3x
Sun, 08 Jan 2023CHF 215.7bCHF 171.6bCHF 12.1b19.8x17.9x1.3x
Tue, 06 Dec 2022CHF 211.5bCHF 171.9bCHF 12.1b19.1x17.5x1.2x
Price to Earnings Ratio

17.5x


Total Market Cap: CHF 211.5bTotal Earnings: CHF 12.1bTotal Revenue: CHF 171.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Industrials Sector Price to Earnings3Y Average 23.8x202320242025
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 26.8x which is higher than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
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 Market1.85%
Industrials4.08%
Aerospace & Defense10.49%
Electrical5.49%
Marine and Shipping5.40%
Construction4.93%
Machinery4.00%
Transportation3.17%
Building2.29%
Trade Distributors1.70%
Infrastructure0.76%
Commercial Services0.44%
Professional Services0.33%
Airlines0%0
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 40.3% 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 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 40% 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 57.725.7%
+CHF 5.6b		14.8%PE29.4x
VACN VAT GroupCHF 353.4010.5%
+CHF 1.0b		0.6%PE47.4x
KNIN Kuehne + Nagel InternationalCHF 161.105.4%
+CHF 979.5m		-23.5%PE18.7x
SCHN Schindler HoldingCHF 272.501.9%
+CHF 537.0m		9.2%PE29.3x
BEAN BELIMO HoldingCHF 785.504.2%
+CHF 387.4m		33.2%PE56.6x

Latest News

BEAN
CHF 785.50
BELIMO Holding
7D
4.2%
1Y
33.2%
SCHN
CHF 272.50
Schindler Holding
7D
1.9%
1Y
9.2%

SCHN: Asian Market Agreement And Sector Pressures Will Shape Future Outlook

Analysts have slightly adjusted their price targets for Schindler Holding, with recent estimates ranging from CHF 287 to CHF 296. This reflects mixed views driven by both firm-specific and broader sector considerations.
SUN
CHF 140.20
Sulzer
7D
7.7%
1Y
5.6%

SUN: Long-Term Value Will Prevail Despite Softer Industrial Demand

Analysts have lowered their price target for Sulzer from CHF 189 to CHF 173, citing softer industrial and oil and gas demand due to ongoing tariff uncertainties and global conflicts. Analyst Commentary Analysts have shared their perspectives on Sulzer in light of the revised price target.
ABBN
CHF 57.72
ABB
7D
5.7%
1Y
14.8%
ADEN
CHF 22.46
Adecco Group
7D
-7.6%
1Y
-4.4%

ADEN: Improving Temp Volumes And Ratings Upgrades Will Influence Medium-Term Prospects

Adecco Group's analyst price target saw a modest increase from €26.89 to €26.96, as analysts note improving industry volumes and a reassessment of outlook among European staffing firms. Analyst Commentary Recent upgrades in Adecco Group’s analyst coverage reflect a changing sentiment within the staffing sector.
DOKA
CHF 66.10
dormakaba Holding
7D
9.6%
1Y
-1.0%

DOKA: U S Access Market Momentum Will Support Earnings Upside Ahead

Analysts have slightly raised their fair value estimate for dormakaba Holding from CHF 81.13 to CHF 82.11. This revision is attributed to renewed optimism following recent positive coverage and an improved outlook on the company’s earnings potential in key markets.
VACN
CHF 353.40
VAT Group
7D
10.5%
1Y
0.6%

VACN: Share Price Will Reflect Recovery Outlook And Consistent Profitability Forecasts

Analysts have modestly revised their price targets for VAT Group downward. Recent adjustments reflect a cautious outlook, as updated targets ranged from CHF 285 to CHF 340 based on tempered expectations for sector recovery and company performance.
KNIN
CHF 161.10
Kuehne + Nagel International
7D
5.4%
1Y
-23.5%

KNIN: Margin Pressures And Cost Focus Will Shape Near-Term Outlook

Kuehne + Nagel International's average analyst price target declined modestly from CHF 161.88 to CHF 158.94, as analysts cite persistent margin pressures and revised estimates in spite of ongoing cost management efforts. Analyst Commentary Recent street research on Kuehne & Nagel International highlights both encouraging signs and ongoing headwinds for the company as analysts adjust their price targets and recommendations in response to operational trends, strategic choices, and market dynamics.
BRKN
CHF 139.20
Burkhalter Holding
7D
-0.6%
1Y
52.0%

What Burkhalter Holding AG's (VTX:BRKN) P/E Is Not Telling You

Nov 09
What Burkhalter Holding AG's (VTX:BRKN) P/E Is Not Telling You
ADVN
CHF 38.00
Adval Tech Holding
7D
-4.5%
1Y
-46.9%

Is Adval Tech Holding (VTX:ADVN) Using Too Much Debt?

Oct 28
Is Adval Tech Holding (VTX:ADVN) Using Too Much Debt?
SGSN
CHF 92.16
SGS
7D
2.2%
1Y
5.3%
STGN
CHF 29.20
StarragTornos Group
7D
-5.8%
1Y
-22.8%
STRN
CHF 19.50
Schlatter Industries
7D
-2.5%
1Y
-12.9%

Insufficient Growth At Schlatter Industries AG (VTX:STRN) Hampers Share Price

Sep 11
Insufficient Growth At Schlatter Industries AG (VTX:STRN) Hampers Share Price
KLIN
CHF 10.00
Klingelnberg
7D
-2.4%
1Y
-26.5%
BVZN
CHF 1,080.00
BVZ Holding
7D
-0.9%
1Y
23.4%