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Swiss (SMI) Industrials Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies47
  • 7D-1.4%
  • 3M6.4%
  • 1Y4.6%
  • YTD7.0%

Over the last 7 days, the Industrials industry has dropped 1.4%, driven by ABB declining 2.5%. Meanwhile, VAT Group actually outperformed within the industry, gaining 8.7% in the last week. In the past year, the industry has gained 4.6%. 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
Thu, 18 Sep 2025CHF 276.2bCHF 152.9bCHF 9.9b21.6x27.8x1.8x
Sat, 16 Aug 2025CHF 278.1bCHF 153.4bCHF 10.0b23x27.9x1.8x
Mon, 14 Jul 2025CHF 260.4bCHF 148.5bCHF 9.7b21.6x26.8x1.8x
Wed, 11 Jun 2025CHF 261.8bCHF 149.7bCHF 9.8b21x26.6x1.7x
Fri, 09 May 2025CHF 248.6bCHF 149.7bCHF 9.9b19.9x25.2x1.7x
Sun, 06 Apr 2025CHF 225.6bCHF 150.4bCHF 9.8b18.8x23x1.5x
Tue, 04 Mar 2025CHF 259.2bCHF 150.8bCHF 10.0b21.7x25.9x1.7x
Thu, 30 Jan 2025CHF 258.0bCHF 151.2bCHF 10.1b21.3x25.7x1.7x
Sat, 28 Dec 2024CHF 253.3bCHF 150.8bCHF 10.0b21.1x25.3x1.7x
Mon, 25 Nov 2024CHF 254.2bCHF 150.4bCHF 10.0b20.6x25.4x1.7x
Wed, 23 Oct 2024CHF 258.4bCHF 148.5bCHF 9.9b21.3x26.2x1.7x
Fri, 20 Sep 2024CHF 262.9bCHF 148.1bCHF 9.7b21.7x27x1.8x
Sun, 18 Aug 2024CHF 258.2bCHF 148.9bCHF 9.8b20.1x26.4x1.7x
Tue, 16 Jul 2024CHF 267.9bCHF 151.6bCHF 10.0b19.6x26.8x1.8x
Thu, 13 Jun 2024CHF 264.1bCHF 151.3bCHF 10.0b19.8x26.4x1.7x
Sat, 11 May 2024CHF 258.7bCHF 152.1bCHF 10.0b20.7x25.8x1.7x
Mon, 08 Apr 2024CHF 246.3bCHF 153.4bCHF 10.4b21x23.8x1.6x
Wed, 06 Mar 2024CHF 244.9bCHF 156.4bCHF 10.6b20.1x23.1x1.6x
Fri, 02 Feb 2024CHF 222.9bCHF 153.7bCHF 10.1b17.6x22x1.5x
Sun, 31 Dec 2023CHF 226.5bCHF 152.6bCHF 10.2b18.3x22.1x1.5x
Tue, 28 Nov 2023CHF 208.4bCHF 154.9bCHF 10.4b17.2x20x1.3x
Thu, 26 Oct 2023CHF 187.9bCHF 159.6bCHF 10.8b14.8x17.4x1.2x
Sat, 23 Sep 2023CHF 203.4bCHF 160.1bCHF 10.3b16.3x19.7x1.3x
Mon, 21 Aug 2023CHF 206.6bCHF 159.1bCHF 10.1b17.3x20.4x1.3x
Wed, 19 Jul 2023CHF 232.1bCHF 167.6bCHF 10.4b19.6x22.4x1.4x
Fri, 16 Jun 2023CHF 236.7bCHF 168.9bCHF 10.5b19.6x22.6x1.4x
Sun, 14 May 2023CHF 230.0bCHF 168.9bCHF 10.5b20.5x22x1.4x
Tue, 11 Apr 2023CHF 217.7bCHF 170.8bCHF 10.3b19.2x21.2x1.3x
Thu, 09 Mar 2023CHF 226.8bCHF 170.8bCHF 10.1b24.9x22.5x1.3x
Sat, 04 Feb 2023CHF 231.9bCHF 172.2bCHF 10.6b21.3x21.8x1.3x
Mon, 02 Jan 2023CHF 202.8bCHF 171.5bCHF 12.1b18.8x16.8x1.2x
Wed, 30 Nov 2022CHF 208.7bCHF 172.1bCHF 12.1b19x17.2x1.2x
Fri, 28 Oct 2022CHF 199.3bCHF 169.6bCHF 12.1b19.7x16.4x1.2x
Sun, 25 Sep 2022CHF 181.5bCHF 167.3bCHF 12.5b18.5x14.5x1.1x
Price to Earnings Ratio

14.5x


Total Market Cap: CHF 181.5bTotal Earnings: CHF 12.5bTotal Revenue: CHF 167.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Industrials Sector Price to Earnings3Y Average 23.1x202320242025
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 27.8x which is higher than its 3-year average PE of 23.1x.
  • The 3-year average PS ratio of 1.5x 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 7.3% per year over the last three years,
  • Revenues have also declined 3.0% 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 Market-1.52%
Industrials-1.43%
Aerospace & Defense2.59%
Construction2.36%
Marine and Shipping2.14%
Commercial Services0.44%
Transportation0.26%
Airlines0%0
Machinery-0.80%
Trade Distributors-1.35%
Infrastructure-1.40%
Building-1.69%
Electrical-2.33%
Professional Services-2.68%
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 55.1% 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 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 55% 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
VACN VAT GroupCHF 311.908.7%
+CHF 749.4m		-22.8%PE41.9x
KNIN Kuehne + Nagel InternationalCHF 166.902.1%
+CHF 415.6m		-31.5%PE17.2x
DAE Dätwyler HoldingCHF 148.805.4%
+CHF 129.2m		-12.9%PE83.2x
DOKA dormakaba HoldingCHF 739.002.8%
+CHF 83.2m		22.1%PE31.4x
INRN Interroll HoldingCHF 2.47k4.2%
+CHF 82.9m		-2.6%PE34.2x

Latest News

ACLN
CHF 69.70
Accelleron Industries
7D
-1.7%
1Y
61.6%

Data Center Demand And Fuel Shifts Will Shape Mixed Outcomes

Consensus revenue growth forecasts for Accelleron Industries have declined notably, though this has been partly offset by an improvement in net profit margin, resulting in only a marginal decrease in the analyst price target from CHF65.82 to CHF64.72. What's in the News Accelleron Industries AG reaffirmed its 2025 earnings guidance and maintained its July constant-currency revenue growth target of 16%-19%.
DOKA
CHF 739.00
dormakaba Holding
7D
2.8%
1Y
22.1%

dormakaba Holding AG's (VTX:DOKA) Intrinsic Value Is Potentially 98% Above Its Share Price

Sep 17
dormakaba Holding AG's (VTX:DOKA) Intrinsic Value Is Potentially 98% Above Its Share Price
SCHN
CHF 284.00
Schindler Holding
7D
-3.9%
1Y
20.9%
RSGN
CHF 31.05
R&S Group Holding
7D
-9.5%
1Y
74.4%
SGSN
CHF 82.28
SGS
7D
-2.2%
1Y
-13.9%

ESG Trends And Digital Shifts Will Redefine Global Markets

Analysts have raised their price target for SGS to CHF94.29, citing improved confidence in sustainable earnings following restructuring efforts, strategic acquisitions, and limited downside risk at current valuations. Analyst Commentary Bullish analysts highlight SGS’s “restructuring story” with expectations for operational improvements at an already high-quality business.
INRN
CHF 2,470.00
Interroll Holding
7D
4.2%
1Y
-2.6%

Estimating The Fair Value Of Interroll Holding AG (VTX:INRN)

Sep 11
Estimating The Fair Value Of Interroll Holding AG (VTX:INRN)
ABBN
CHF 55.22
ABB
7D
-2.5%
1Y
16.2%
IMPN
CHF 67.20
Implenia
7D
3.2%
1Y
116.4%

Implenia (VTX:IMPN) Shareholders Will Want The ROCE Trajectory To Continue

Sep 10
Implenia (VTX:IMPN) Shareholders Will Want The ROCE Trajectory To Continue
BEAN
CHF 841.50
BELIMO Holding
7D
-2.5%
1Y
44.6%

Expanding Data Centers And EMEA Renovations Will Shape Future Markets

Analysts have slightly lowered BELIMO Holding’s price target to CHF863.14, balancing optimism around data center performance, OEM channel recovery, and operating leverage against ongoing U.S. market risks and valuation concerns. Analyst Commentary Bullish analysts highlight Belimo's strong performance in data centers and confidence stemming from the accelerating Blackwell rollout.
GEBN
CHF 585.00
Geberit
7D
-2.2%
1Y
7.1%

Is It Too Late To Consider Buying Geberit AG (VTX:GEBN)?

Sep 09
Is It Too Late To Consider Buying Geberit AG (VTX:GEBN)?
SRAIL
CHF 20.86
Stadler Rail
7D
3.3%
1Y
-19.1%

Future Urbanization And Green Mobility Trends Will Expand Global Reach

Key Takeaways Strong growth in order backlog and leadership in green technologies position Stadler Rail for sustained revenue growth and increased market share amid global decarbonization trends. Strategic market expansion and efficiency initiatives are set to boost margins and recurring revenue, supporting long-term profitability and resilience.
ADEN
CHF 21.38
Adecco Group
7D
-4.8%
1Y
-23.9%

AI, Flexible Staffing And Upskilling Will Redefine Global Workforce

Adecco Group’s lower Future P/E ratio, indicating reduced earnings growth expectations, contrasts with an unchanged discount rate, resulting in the consensus price target staying flat at CHF26.24. What's in the News Adecco Group expects improved profitability in the second half of 2025 compared to the first half, signaling anticipated progress during H2.
KNIN
CHF 166.90
Kuehne + Nagel International
7D
2.1%
1Y
-31.5%

Digital Automation And E-Commerce Will Elevate Global Logistics

Analysts have modestly lowered their price target for Kuehne + Nagel International to CHF180.88, citing ongoing weakness in shipping volumes, diluted shipping rates, and persistent sector headwinds that continue to cloud the near-term profitability outlook despite some recent rate stabilization. Analyst Commentary Bearish analysts cite persistent weakness in shipping volumes and soft demand in key months as a reason for lowering targets.
VACN
CHF 311.90
VAT Group
7D
8.7%
1Y
-22.8%
AERO
CHF 27.70
Montana Aerospace
7D
2.6%
1Y
41.9%
DAE
CHF 148.80
Dätwyler Holding
7D
5.4%
1Y
-12.9%

High-value Healthcare And Electric Vehicles Will Transform Future Markets

The notable reduction in Dätwyler Holding's consensus analyst price target is primarily driven by a significant decrease in its future P/E multiple, with fair value now revised downward to CHF138.00. Valuation Changes Summary of Valuation Changes for Dätwyler Holding The Consensus Analyst Price Target has significantly fallen from CHF154.20 to CHF138.00.