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Swiss (SMI) Industrials Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies46
  • 7D-1.0%
  • 3M-0.4%
  • 1Y7.4%
  • YTD-3.4%

The Industrials industry has stayed flat over the last week. The past year has been better, since the industry has gained 7.8% in that time. 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
Sat, 28 Mar 2026CHF 280.6bCHF 146.9bCHF 9.9b22.3x28.5x1.9x
Mon, 23 Feb 2026CHF 320.9bCHF 151.0bCHF 10.1b26.3x31.8x2.1x
Wed, 21 Jan 2026CHF 294.7bCHF 152.9bCHF 10.0b24.9x29.6x1.9x
Fri, 19 Dec 2025CHF 284.3bCHF 153.2bCHF 10.0b25.4x28.4x1.9x
Sun, 16 Nov 2025CHF 274.5bCHF 152.6bCHF 10.0b25.6x27.5x1.8x
Tue, 14 Oct 2025CHF 281.0bCHF 153.4bCHF 10.0b22.5x28.2x1.8x
Thu, 11 Sep 2025CHF 280.0bCHF 153.3bCHF 10.0b21.9x28.1x1.8x
Sat, 09 Aug 2025CHF 280.0bCHF 153.4bCHF 10.0b23.3x28x1.8x
Mon, 07 Jul 2025CHF 255.1bCHF 148.6bCHF 9.7b20.9x26.3x1.7x
Wed, 04 Jun 2025CHF 255.8bCHF 149.5bCHF 9.8b20.5x26x1.7x
Fri, 02 May 2025CHF 242.0bCHF 149.7bCHF 9.8b19.2x24.6x1.6x
Sun, 30 Mar 2025CHF 252.4bCHF 151.4bCHF 9.9b20.8x25.6x1.7x
Tue, 25 Feb 2025CHF 261.2bCHF 151.1bCHF 10.2b21.2x25.7x1.7x
Thu, 23 Jan 2025CHF 258.6bCHF 151.2bCHF 10.1b21.1x25.7x1.7x
Sat, 21 Dec 2024CHF 250.0bCHF 150.3bCHF 10.0b20.8x25x1.7x
Mon, 18 Nov 2024CHF 254.1bCHF 150.2bCHF 10.0b20.7x25.5x1.7x
Wed, 16 Oct 2024CHF 262.8bCHF 148.4bCHF 9.8b21.7x26.8x1.8x
Fri, 13 Sep 2024CHF 258.2bCHF 148.2bCHF 9.8b20.6x26.5x1.7x
Sun, 11 Aug 2024CHF 252.0bCHF 148.5bCHF 9.8b20x25.8x1.7x
Tue, 09 Jul 2024CHF 263.7bCHF 151.6bCHF 10.0b20.1x26.4x1.7x
Thu, 06 Jun 2024CHF 265.8bCHF 151.3bCHF 10.0b19.2x26.6x1.8x
Sat, 04 May 2024CHF 249.7bCHF 152.2bCHF 10.1b20.3x24.7x1.6x
Mon, 01 Apr 2024CHF 247.3bCHF 153.3bCHF 10.4b20.8x23.8x1.6x
Wed, 28 Feb 2024CHF 250.0bCHF 160.6bCHF 10.8b19.8x23.2x1.6x
Fri, 26 Jan 2024CHF 220.5bCHF 153.8bCHF 10.4b17.5x21.3x1.4x
Sun, 24 Dec 2023CHF 227.1bCHF 153.5bCHF 10.3b18.1x22x1.5x
Tue, 21 Nov 2023CHF 207.3bCHF 155.2bCHF 10.4b17.1x19.8x1.3x
Thu, 19 Oct 2023CHF 193.1bCHF 159.8bCHF 10.7b15.7x18x1.2x
Sat, 16 Sep 2023CHF 205.1bCHF 159.4bCHF 10.3b17.3x20x1.3x
Mon, 14 Aug 2023CHF 213.6bCHF 158.8bCHF 10.2b18.8x21x1.3x
Wed, 12 Jul 2023CHF 227.9bCHF 168.4bCHF 10.4b19.3x21.9x1.4x
Fri, 09 Jun 2023CHF 229.0bCHF 169.0bCHF 10.5b19.2x21.8x1.4x
Sun, 07 May 2023CHF 230.6bCHF 168.9bCHF 10.5b20.7x22.1x1.4x
Tue, 04 Apr 2023CHF 226.2bCHF 170.8bCHF 10.2b23.6x22.1x1.3x
Price to Earnings Ratio

22.1x


Total Market Cap: CHF 226.2bTotal 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 29.1x which is higher than its 3-year average PE of 25.0x.
  • 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 4.9% 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 Market1.66%
Industrials-0.97%
Commercial Services7.20%
Trade Distributors3.86%
Marine and Shipping2.63%
Building1.34%
Transportation1.26%
Infrastructure1.06%
Airlines0%0
Professional Services-0.96%
Construction-0.97%
Machinery-1.50%
Electrical-2.06%
Aerospace & Defense-5.77%
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 close to 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 171.402.6%
+CHF 522.5m		-17.1%PE23.1x
GEBN GeberitCHF 532.401.3%
+CHF 224.2m		-4.6%PE29.4x
DKSH DKSH HoldingCHF 59.603.8%
+CHF 143.0m		-17.1%PE19.1x
SUN SulzerCHF 162.002.7%
+CHF 141.7m		4.8%PE18.7x
DOKA dormakaba HoldingCHF 50.204.1%
+CHF 83.2m		-24.7%PE23.7x

Latest News

BUCN
CHF 343.50
Bucher Industries
7D
1.8%
1Y
-8.8%

BUCN: Softer Outlook But Share Buyback And Stable Margins Support Upside Potential

Analysts have trimmed their price targets on Bucher Industries, bringing the updated target closer to CHF 390. This reflects a softer near to medium term outlook and muted near term growth with limited margin support.
OERL
CHF 3.03
OC Oerlikon
7D
-17.7%
1Y
-28.3%

Future Turbine Demand And Materials Science Capabilities Will Support Fair Long Term Prospects

Catalysts About OC Oerlikon OC Oerlikon is a materials science and surface engineering group focused on coatings, materials, components and equipment across multiple industrial end markets. What are the underlying business or industry changes driving this perspective?
SGSN
CHF 83.82
SGS
7D
-1.5%
1Y
-4.9%
GEBN
CHF 532.40
Geberit
7D
1.3%
1Y
-4.6%
FHZN
CHF 246.80
Flughafen Zürich
7D
1.1%
1Y
16.9%
KNIN
CHF 171.40
Kuehne + Nagel International
7D
2.6%
1Y
-17.1%

KNIN: Rising P/E Confidence And CHF 6 Dividend Will Drive Re Rating

Analysts have nudged Kuehne + Nagel International's average price target higher into a CHF 155 to CHF 170 range, reflecting recent upward revisions in CHF-based targets alongside one downgrade that keeps views somewhat mixed. Analyst Commentary Recent research updates highlight a split but constructive tone around Kuehne + Nagel International, with several bullish analysts lifting CHF-based price targets and a few high-profile firms taking a more cautious stance through rating downgrades.
BCHN
CHF 478.00
Burckhardt Compression Holding
7D
-3.6%
1Y
-21.5%

BCHN: Higher Margins And Premium P/E Will Support Future Resilience

Analysts have nudged their price target for Burckhardt Compression Holding slightly lower to about CHF685 from around CHF694, reflecting updated assumptions for more moderate revenue growth, a marginally higher discount rate, a slightly higher profit margin and a modestly lower future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see room for the shares to support a higher multiple over time, citing the slightly higher profit margin assumptions as a sign that the business model can sustain healthy earnings power relative to the current P/E.
SCHN
CHF 246.00
Schindler Holding
7D
-1.6%
1Y
-7.9%

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 59.60
DKSH Holding
7D
3.8%
1Y
-17.1%
ACLN
CHF 70.75
Accelleron Industries
7D
-3.9%
1Y
70.6%

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.
ADEN
CHF 18.57
Adecco Group
7D
2.0%
1Y
-32.0%
VACN
CHF 490.70
VAT Group
7D
-3.3%
1Y
50.6%

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.
DOKA
CHF 50.20
dormakaba Holding
7D
4.1%
1Y
-24.7%

DOKA: Arctic Pilot Data Will Support Future Efficiency And Earnings Upside

Analysts have kept their CHF 75.38 price target for dormakaba Holding broadly steady, with only marginal model tweaks around discount rate, revenue growth, profit margin and future P/E assumptions guiding this unchanged view. What's in the News dormakaba has launched a pilot project at the Sorrisniva resort in Alta, Norway, applying its access solutions in Arctic conditions at the world’s northernmost ice hotel, which welcomes up to 15,000 visitors each year (Key Developments).
SUN
CHF 162.00
Sulzer
7D
2.7%
1Y
4.8%

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).
ABBN
CHF 63.14
ABB
7D
-2.0%
1Y
34.5%
AERO
CHF 25.30
Montana Aerospace
7D
-5.8%
1Y
42.9%