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Swiss (SMI) Industrials Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies46
  • 7D-2.0%
  • 3M2.1%
  • 1Y6.1%
  • YTD-1.0%

Over the last 7 days, the Industrials industry has dropped 2.0%, driven by ABB declining 1.7%. This takes the industry's 12 month performance to a gain of 6.1%. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026CHF 287.5bCHF 146.5bCHF 9.8b22.5x29.3x2x
Sat, 21 Feb 2026CHF 320.9bCHF 151.0bCHF 10.1b26.3x31.8x2.1x
Mon, 19 Jan 2026CHF 302.2bCHF 153.6bCHF 10.0b25.5x30.1x2x
Wed, 17 Dec 2025CHF 284.7bCHF 153.4bCHF 10.0b25.7x28.5x1.9x
Fri, 14 Nov 2025CHF 275.4bCHF 152.9bCHF 10.0b25.8x27.6x1.8x
Sun, 12 Oct 2025CHF 279.8bCHF 153.2bCHF 10.0b22.5x28.1x1.8x
Tue, 09 Sep 2025CHF 279.7bCHF 153.1bCHF 9.9b22.4x28.1x1.8x
Thu, 07 Aug 2025CHF 274.6bCHF 153.3bCHF 10.0b23.1x27.5x1.8x
Sat, 05 Jul 2025CHF 255.1bCHF 148.6bCHF 9.7b20.9x26.3x1.7x
Mon, 02 Jun 2025CHF 255.6bCHF 149.4bCHF 9.8b20.6x26x1.7x
Wed, 30 Apr 2025CHF 236.9bCHF 149.5bCHF 9.8b19.1x24.1x1.6x
Fri, 28 Mar 2025CHF 256.3bCHF 151.3bCHF 9.9b20.8x26x1.7x
Sun, 23 Feb 2025CHF 266.8bCHF 151.1bCHF 10.2b21.2x26.2x1.8x
Tue, 21 Jan 2025CHF 255.6bCHF 151.2bCHF 10.1b21.1x25.4x1.7x
Thu, 19 Dec 2024CHF 257.1bCHF 150.4bCHF 10.0b20.9x25.7x1.7x
Sat, 16 Nov 2024CHF 254.1bCHF 150.2bCHF 10.0b20.7x25.5x1.7x
Mon, 14 Oct 2024CHF 261.9bCHF 148.2bCHF 9.8b21.5x26.8x1.8x
Wed, 11 Sep 2024CHF 254.7bCHF 147.7bCHF 9.7b20.9x26.1x1.7x
Fri, 09 Aug 2024CHF 251.6bCHF 148.6bCHF 9.8b19.8x25.7x1.7x
Sun, 07 Jul 2024CHF 263.9bCHF 151.5bCHF 10.0b19.8x26.4x1.7x
Tue, 04 Jun 2024CHF 263.2bCHF 151.6bCHF 10.0b19.4x26.3x1.7x
Thu, 02 May 2024CHF 248.2bCHF 153.0bCHF 10.2b20.2x24.4x1.6x
Sat, 30 Mar 2024CHF 247.3bCHF 153.2bCHF 10.4b20.8x23.8x1.6x
Mon, 26 Feb 2024CHF 250.9bCHF 160.7bCHF 10.8b19.9x23.2x1.6x
Wed, 24 Jan 2024CHF 218.0bCHF 154.1bCHF 10.4b17.5x21x1.4x
Fri, 22 Dec 2023CHF 226.1bCHF 153.6bCHF 10.3b18x21.9x1.5x
Sun, 19 Nov 2023CHF 207.3bCHF 155.2bCHF 10.5b17.2x19.8x1.3x
Tue, 17 Oct 2023CHF 201.6bCHF 159.5bCHF 10.3b16.2x19.6x1.3x
Thu, 14 Sep 2023CHF 203.3bCHF 159.5bCHF 10.3b17.2x19.8x1.3x
Sat, 12 Aug 2023CHF 213.6bCHF 158.9bCHF 10.2b18.8x21x1.3x
Mon, 10 Jul 2023CHF 227.4bCHF 168.9bCHF 10.5b19.5x21.8x1.3x
Wed, 07 Jun 2023CHF 231.7bCHF 169.3bCHF 10.5b18.8x22.1x1.4x
Fri, 05 May 2023CHF 227.7bCHF 168.2bCHF 10.4b20x21.8x1.4x
Sun, 02 Apr 2023CHF 227.5bCHF 170.8bCHF 10.2b23.8x22.3x1.3x
Price to Earnings Ratio

22.3x


Total Market Cap: CHF 227.5bTotal Earnings: CHF 10.2bTotal Revenue: CHF 170.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Industrials Sector Price to Earnings3Y Average 25x202420252026
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 29.3x which is higher than its 3-year average PE of 24.9x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 5.0% 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 Market-3.14%
Industrials-1.95%
Commercial Services4.56%
Marine and Shipping1.03%
Airlines0%0
Trade Distributors-0.27%
Infrastructure-0.32%
Machinery-1.55%
Construction-1.62%
Electrical-1.83%
Building-3.50%
Professional Services-4.89%
Transportation-5.80%
Aerospace & Defense-8.13%
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 52.6% 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 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 53% 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
KNIN Kuehne + Nagel InternationalCHF 173.901.3%
+CHF 255.3m		-14.7%PE23.4x
FHZN Flughafen ZürichCHF 250.200.9%
+CHF 67.5m		18.0%PE22.2x
SWTQ Schweiter TechnologiesCHF 285.009.2%
+CHF 34.3m		-32.5%PS0.5x
SUN SulzerCHF 165.200.5%
+CHF 27.0m		0.6%PE19x
DKSH DKSH HoldingCHF 59.100.7%
+CHF 26.0m		-18.3%PE18.9x

Latest News

FHZN
CHF 250.20
Flughafen Zürich
7D
0.9%
1Y
18.0%
GEBN
CHF 544.60
Geberit
7D
-0.9%
1Y
-3.5%
BEAN
CHF 658.50
BELIMO Holding
7D
-2.3%
1Y
17.0%
SCHN
CHF 253.00
Schindler Holding
7D
-2.5%
1Y
-9.0%

SCHN: Cost Execution Progress Will Drive Bullish Repricing Despite Neutral Rating Shift

Schindler Holding's analyst price target has been reset slightly higher to CHF 319. The change reflects a mix of new Neutral initiations and downgrades citing slower cost savings, alongside modest trims to Buy-rated targets around CHF 326.
DKSH
CHF 59.10
DKSH Holding
7D
0.7%
1Y
-18.3%
ACLN
CHF 75.75
Accelleron Industries
7D
-5.2%
1Y
71.9%

ACLN: Higher Dividend And Capital Returns Will Support A More Optimistic Future P/E

Accelleron Industries' analyst price target rises by CHF 6.31 to CHF 85.21, as analysts update their assumptions on revenue growth, profit margins, and future P/E multiples in light of recent Street research that lifted price targets to CHF 70 and CHF 74 while maintaining Hold ratings. Analyst Commentary Recent Street research has concentrated around higher price targets paired with Hold ratings, which signals that bullish analysts see room for upside while still urging some caution on valuation and execution risk.
KOMN
CHF 50.10
Komax Holding
7D
9.9%
1Y
-54.7%
DAE
CHF 142.80
Dätwyler Holding
7D
-5.3%
1Y
21.0%

DAE: Drug Delivery Partnership Will Support Steady Outlook At Current Valuation

Analysts now hold Dätwyler Holding's fair value steady at about CHF 143, with only slight model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions driving a very marginal change in their overall price target stance. What's in the News Dätwyler Holding announced a collaboration with LTS Device Technologies and Stevanato Group to broaden large-volume subcutaneous drug delivery through convenient on-body administration of larger doses for patients and market needs (Key Developments).
VACN
CHF 516.40
VAT Group
7D
-1.5%
1Y
51.0%

VACN: Elevated P E Multiples Will Likely Struggle As Non AI Demand Stays Weak

VAT Group's analyst price target is updated from CHF 282 to CHF 347. Analysts are broadly lifting their targets into a higher P/E range as they factor in revised revenue growth and margin assumptions, alongside recent upward target moves from major banks including JPMorgan, Citi, Deutsche Bank, Morgan Stanley, RBC Capital and Berenberg.
SUN
CHF 165.20
Sulzer
7D
0.5%
1Y
0.6%

SUN: Stable Dividend Outlook Will Likely Keep Shares Overpriced

Analysts are maintaining their CHF 130.00 price target for Sulzer, with only marginal adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions supporting this consistent view. What's in the News Sulzer AG declared an annual dividend of CHF 4.75 per share, with payment scheduled for April 21, 2026 (Key Developments).
SWTQ
CHF 285.00
Schweiter Technologies
7D
9.2%
1Y
-32.5%
ABBN
CHF 67.04
ABB
7D
-0.7%
1Y
37.5%
HUBN
CHF 176.40
Huber+Suhner
7D
0.8%
1Y
128.8%

HUBN: Dividend And Margin Guidance Will Sustain Elevated P E Risk

Analysts have lifted their price target for Huber+Suhner from CHF147 to CHF152, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Annual dividend of CHF 2.00 per share announced, payable on April 9, 2026, with ex-date on April 7, 2026 and record date on April 8, 2026 (Key Developments).
FORN
CHF 737.00
Forbo Holding
7D
2.2%
1Y
-13.2%
SGSN
CHF 85.54
SGS
7D
-3.3%
1Y
-1.8%

SGSN: Mixed Rating Shifts And CHF 102 Upside Will Frame 2026 Balance

Narrative Update on SGS The analyst price target for SGS has been revised higher in line with recent Street moves. Citi has lifted its target to CHF 112 and Morgan Stanley has edged its target up to CHF 102.
KNIN
CHF 173.90
Kuehne + Nagel International
7D
1.3%
1Y
-14.7%

KNIN: Higher P/E Expectations And Dividend Support Will Drive Future Re Rating

Narrative Update on Kuehne + Nagel International The analyst price target for Kuehne + Nagel International has been raised by CHF 1.59 to CHF 210.00. This reflects analysts' updated assumptions for slightly higher revenue growth, a different profit margin profile, and a higher future P/E, supported by a series of recent target increases from banks including Morgan Stanley, JPMorgan, Citi, Barclays, Deutsche Bank and an upgrade at Goldman Sachs.