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Swiss (SMI) Machinery Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.3%
  • 3M-3.6%
  • 1Y-10.7%
  • YTD-6.9%

Over the last 7 days, the Machinery industry has dropped 1.5%, driven by a pullback from VAT Group of 9.2%. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Swiss Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026CHF 66.1bCHF 33.6bCHF 2.2b22.1x29.9x2x
Thu, 26 Feb 2026CHF 79.4bCHF 37.1bCHF 2.4b24.5x32.5x2.1x
Sat, 24 Jan 2026CHF 79.0bCHF 37.9bCHF 2.4b29x32.5x2.1x
Mon, 22 Dec 2025CHF 72.6bCHF 38.0bCHF 2.4b28.9x29.9x1.9x
Wed, 19 Nov 2025CHF 66.6bCHF 37.9bCHF 2.4b28.4x27.4x1.8x
Fri, 17 Oct 2025CHF 72.0bCHF 38.1bCHF 2.4b20x29.4x1.9x
Sun, 14 Sep 2025CHF 74.5bCHF 38.1bCHF 2.5b21.1x30.4x2x
Tue, 12 Aug 2025CHF 73.2bCHF 38.1bCHF 2.5b22.5x29.6x1.9x
Thu, 10 Jul 2025CHF 67.4bCHF 34.7bCHF 2.3b19.6x29.6x1.9x
Sat, 07 Jun 2025CHF 68.7bCHF 34.7bCHF 2.3b20.3x30.1x2x
Mon, 05 May 2025CHF 65.5bCHF 34.6bCHF 2.3b19.6x28.9x1.9x
Wed, 02 Apr 2025CHF 64.9bCHF 34.6bCHF 2.3b20.7x28.8x1.9x
Fri, 28 Feb 2025CHF 66.9bCHF 35.3bCHF 2.5b21.5x26.5x1.9x
Sun, 26 Jan 2025CHF 65.1bCHF 35.5bCHF 2.5b20.7x26.4x1.8x
Tue, 24 Dec 2024CHF 62.9bCHF 35.4bCHF 2.5b19.3x25.5x1.8x
Thu, 21 Nov 2024CHF 62.7bCHF 35.4bCHF 2.5b19x25.4x1.8x
Sat, 19 Oct 2024CHF 67.4bCHF 35.4bCHF 2.5b21.2x27.4x1.9x
Mon, 16 Sep 2024CHF 66.3bCHF 35.4bCHF 2.4b20.8x27.1x1.9x
Wed, 14 Aug 2024CHF 64.6bCHF 35.5bCHF 2.5b19.4x26x1.8x
Fri, 12 Jul 2024CHF 69.1bCHF 36.4bCHF 2.6b19.5x26.6x1.9x
Sun, 09 Jun 2024CHF 69.2bCHF 36.3bCHF 2.6b19.6x26.7x1.9x
Tue, 07 May 2024CHF 67.1bCHF 36.3bCHF 2.6b20.1x25.9x1.8x
Thu, 04 Apr 2024CHF 67.7bCHF 36.4bCHF 2.6b22.2x26.3x1.9x
Sat, 02 Mar 2024CHF 71.4bCHF 40.9bCHF 2.9b19.7x24.8x1.7x
Mon, 29 Jan 2024CHF 65.8bCHF 41.5bCHF 2.9b15.6x23x1.6x
Wed, 27 Dec 2023CHF 66.5bCHF 41.5bCHF 2.9b16x23.2x1.6x
Fri, 24 Nov 2023CHF 62.4bCHF 41.5bCHF 2.9b15.5x21.7x1.5x
Sun, 22 Oct 2023CHF 56.6bCHF 41.6bCHF 2.8b14.4x20.2x1.4x
Tue, 19 Sep 2023CHF 60.9bCHF 41.6bCHF 2.8b16.3x21.7x1.5x
Thu, 17 Aug 2023CHF 63.3bCHF 41.7bCHF 2.8b17.2x22.9x1.5x
Sat, 15 Jul 2023CHF 66.8bCHF 40.6bCHF 2.5b23.4x26.6x1.6x
Mon, 12 Jun 2023CHF 66.8bCHF 41.1bCHF 2.5b23.8x26.3x1.6x
Wed, 10 May 2023CHF 66.9bCHF 41.0bCHF 2.5b24.2x26.5x1.6x
Fri, 07 Apr 2023CHF 63.4bCHF 40.8bCHF 2.5b26.3x25.7x1.6x
Price to Earnings Ratio

25.7x


Total Market Cap: CHF 63.4bTotal Earnings: CHF 2.5bTotal Revenue: CHF 40.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 26.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.1x which is higher than its 3-year average PE of 26.8x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 3.6% per year over the last three years,
  • Revenues have also declined 6.3% 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 industry?

CH Market1.81%
Industrials-2.43%
Machinery-3.30%
Construction Machinery and Vehicles-0.61%
Industrial Machinery-3.53%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.5x.
    • Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings growth of 2.6% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading close to its 3-year average of 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 2.6% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SUN SulzerCHF 161.801.0%
+CHF 54.0m		8.0%PE18.6x
BYS BystronicCHF 206.006.7%
+CHF 26.8m		-34.5%PS0.7x
SFSN SFS GroupCHF 116.600.5%
+CHF 23.3m		4.9%PE20.7x
BUCN Bucher IndustriesCHF 344.000.6%
+CHF 19.8m		-6.8%PE14.5x
MIKN Mikron HoldingCHF 16.042.6%
+CHF 6.7m		-7.8%PE8.2x

Latest News

STGN
CHF 33.80
StarragTornos Group
7D
2.4%
1Y
-12.9%
KARN
CHF 233.50
Kardex Holding
7D
-8.1%
1Y
0.2%
BUCN
CHF 344.00
Bucher Industries
7D
0.6%
1Y
-6.8%

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 3.14
OC Oerlikon
7D
-15.7%
1Y
-21.8%

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?
MIKN
CHF 16.04
Mikron Holding
7D
2.6%
1Y
-7.8%
SRAIL
CHF 19.61
Stadler Rail
7D
-2.6%
1Y
-4.8%
INRN
CHF 1,470.00
Interroll Holding
7D
-2.6%
1Y
-29.7%

INRN: Higher R&D And Marketing Spend Will Support Future Earnings Power

The analyst price target for Interroll Holding has been revised to CHF 2,400 from CHF 2,682. Analysts attribute the change to updated assumptions for fair value, discount rate, revenue growth, and profit margin following recent target cuts from the Street.
BCHN
CHF 472.50
Burckhardt Compression Holding
7D
-8.3%
1Y
-20.3%

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 248.00
Schindler Holding
7D
-1.4%
1Y
-7.1%

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.
KOMN
CHF 49.40
Komax Holding
7D
1.3%
1Y
-50.8%
VACN
CHF 470.80
VAT Group
7D
-9.2%
1Y
49.6%

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.
GF
CHF 39.80
Georg Fischer
7D
-2.7%
1Y
-38.0%

GF: Higher Required Return Will Support Recovery As Margins And P/E Assumptions Improve

Analysts have trimmed their price target on Georg Fischer to CHF 44, citing a slightly higher discount rate and modestly lower fair value estimate. They also acknowledge an improved profit margin outlook and updated future P/E assumptions.
SUN
CHF 161.80
Sulzer
7D
1.0%
1Y
8.0%

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).
ADVN
CHF 35.00
Adval Tech Holding
7D
2.3%
1Y
-47.0%
BYS
CHF 206.00
Bystronic
7D
6.7%
1Y
-34.5%
SFSN
CHF 116.60
SFS Group
7D
0.5%
1Y
4.9%