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Swiss (SMI) Machinery Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies20
  • 7D1.7%
  • 3M-0.5%
  • 1Y5.0%
  • YTD1.9%

The Machinery industry is up 1.7% in the last week, with VAT Group up 5.7%. During this same period, the Sulzer underperformed, falling 6.5%. This takes the industry's 12 month performance to a gain of 5.0%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026CHF 72.4bCHF 33.6bCHF 2.2b25.3x32.7x2.2x
Thu, 19 Mar 2026CHF 70.1bCHF 33.2bCHF 2.2b25.2x32.5x2.1x
Sat, 14 Feb 2026CHF 79.0bCHF 37.9bCHF 2.6b27.5x30.9x2.1x
Mon, 12 Jan 2026CHF 76.7bCHF 38.0bCHF 2.4b30.5x31.6x2x
Wed, 10 Dec 2025CHF 71.8bCHF 38.0bCHF 2.4b28.8x29.5x1.9x
Fri, 07 Nov 2025CHF 68.4bCHF 38.0bCHF 2.4b23.2x28x1.8x
Sun, 05 Oct 2025CHF 73.3bCHF 38.1bCHF 2.5b20.7x29.9x1.9x
Tue, 02 Sep 2025CHF 71.7bCHF 38.1bCHF 2.5b22.4x29.2x1.9x
Thu, 31 Jul 2025CHF 73.9bCHF 38.3bCHF 2.5b21.1x29.1x1.9x
Sat, 28 Jun 2025CHF 67.8bCHF 34.7bCHF 2.3b19.6x29.7x2x
Mon, 26 May 2025CHF 66.7bCHF 34.6bCHF 2.3b20.4x29.4x1.9x
Wed, 23 Apr 2025CHF 60.5bCHF 34.5bCHF 2.2b17.7x26.9x1.8x
Fri, 21 Mar 2025CHF 68.8bCHF 34.6bCHF 2.3b21.7x30.5x2x
Sun, 16 Feb 2025CHF 67.3bCHF 35.3bCHF 2.4b20.5x27.5x1.9x
Tue, 14 Jan 2025CHF 62.3bCHF 35.4bCHF 2.5b18.9x25.3x1.8x
Thu, 12 Dec 2024CHF 65.2bCHF 35.4bCHF 2.5b19.7x26.5x1.8x
Sat, 09 Nov 2024CHF 65.5bCHF 35.4bCHF 2.5b19.5x26.5x1.8x
Mon, 07 Oct 2024CHF 67.6bCHF 35.4bCHF 2.4b21.2x27.7x1.9x
Wed, 04 Sep 2024CHF 67.1bCHF 35.4bCHF 2.4b22.3x27.5x1.9x
Fri, 02 Aug 2024CHF 67.8bCHF 35.8bCHF 2.5b20.8x26.9x1.9x
Sun, 30 Jun 2024CHF 67.8bCHF 36.4bCHF 2.6b18.5x26.1x1.9x
Tue, 28 May 2024CHF 70.5bCHF 36.3bCHF 2.6b21.1x27.2x1.9x
Thu, 25 Apr 2024CHF 66.1bCHF 36.3bCHF 2.6b19.3x25.5x1.8x
Sat, 23 Mar 2024CHF 67.8bCHF 36.4bCHF 2.6b20.5x26.4x1.9x
Mon, 19 Feb 2024CHF 69.3bCHF 41.2bCHF 2.9b16.8x24x1.7x
Wed, 17 Jan 2024CHF 64.0bCHF 41.5bCHF 2.9b15.5x22.3x1.5x
Fri, 15 Dec 2023CHF 66.3bCHF 41.5bCHF 2.9b15.7x23.1x1.6x
Sun, 12 Nov 2023CHF 60.3bCHF 41.6bCHF 2.9b15.1x21x1.5x
Tue, 10 Oct 2023CHF 58.4bCHF 41.6bCHF 2.8b15.3x20.8x1.4x
Thu, 07 Sep 2023CHF 63.3bCHF 41.6bCHF 2.8b16.8x22.6x1.5x
Sat, 05 Aug 2023CHF 65.2bCHF 41.7bCHF 2.8b17.6x23.5x1.6x
Mon, 03 Jul 2023CHF 67.8bCHF 41.2bCHF 2.5b23x26.7x1.6x
Wed, 31 May 2023CHF 66.7bCHF 41.0bCHF 2.5b23.7x26.4x1.6x
Fri, 28 Apr 2023CHF 65.6bCHF 41.0bCHF 2.5b23x25.9x1.6x
Price to Earnings Ratio

25.9x


Total Market Cap: CHF 65.6bTotal Earnings: CHF 2.5bTotal Revenue: CHF 41.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 26.9x202420252026
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 32.7x which is higher than its 3-year average PE of 26.9x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 4.4% per year over the last three years,
  • Revenues have also declined 6.5% 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 Market0.98%
Industrials2.81%
Machinery1.67%
Industrial Machinery1.92%
Construction Machinery and Vehicles-1.13%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 13.5%, 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 11% 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
VACN VAT GroupCHF 582.005.5%
+CHF 905.0m		114.3%PE81.4x
KARN Kardex HoldingCHF 271.005.4%
+CHF 108.0m		40.9%PE54.8x
SFSN SFS GroupCHF 125.202.1%
+CHF 101.1m		22.7%PE22.2x
INRN Interroll HoldingCHF 1.72k4.9%
+CHF 66.8m		3.9%PE25.7x
SRAIL Stadler RailCHF 22.323.0%
+CHF 66.0m		9.6%PE25.4x

Latest News

SFSN
CHF 125.20
SFS Group
7D
2.1%
1Y
22.7%
OERL
CHF 3.30
OC Oerlikon
7D
-5.6%
1Y
2.2%
RIEN
CHF 3.41
Rieter Holding
7D
2.4%
1Y
-94.6%

RIEN: Refined Revenue And Margin Assumptions Will Support 2025 Confidence

Analysts have slightly adjusted their price targets for Rieter Holding in CHF terms, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E. These changes leave the overall fair value estimate essentially unchanged at CHF 4.0. Valuation Changes Fair Value: CHF 4.0 per share, unchanged.
DAE
CHF 153.40
Dätwyler Holding
7D
2.3%
1Y
37.5%

DAE: Steady Outlook Will Reflect Balanced Assumptions And Stable Market Expectations

Analysts are maintaining their CHF 143.00 price target for Dätwyler Holding, as small adjustments to discount rate, revenue growth and profit margin assumptions are viewed as offsetting, alongside a slightly lower estimate for the future P/E multiple. Valuation Changes Fair Value: CHF 143.00 fair value estimate is unchanged, and the same target level is maintained.
VACN
CHF 582.00
VAT Group
7D
5.5%
1Y
114.3%

VACN: Higher 2026 Outlook And Richer P E Should Support Re Rating

VAT Group's analyst price target has shifted from CHF 570 to CHF 675 as analysts factor in updated expectations for revenue growth, profit margins and future P/E, while incorporating a broadly higher range of Street targets from banks, including recent CHF 600 to CHF 620 moves. Analyst Commentary Recent Street research on VAT Group points to a cluster of higher price targets and generally constructive views on execution and growth potential, even as individual ratings range from Buy and Overweight to Hold and Sector Perform.
GF
CHF 42.52
Georg Fischer
7D
-4.1%
1Y
-24.2%

GF: Neutral Upgrade And Stable Fundamentals Will Support Future Rerating

Narrative update on Georg Fischer The analyst price target for Georg Fischer has been set at CHF 44. This adjustment is linked to recent research in which analysts shifted their stance to Neutral and outlined a more balanced risk and reward view for the shares.
SUN
CHF 153.90
Sulzer
7D
-9.5%
1Y
16.4%

SUN: Future Upside Will Stem From Dividend Support And Higher Earnings Multiple

Analysts now set their Sulzer price target at CHF 187.40, compared with the prior CHF 171.67. They cite updated assumptions for modestly lower revenue growth, slightly higher profit margins and a higher future P/E multiple.
BYS
CHF 212.00
Bystronic
7D
-6.0%
1Y
-8.2%
SRAIL
CHF 22.32
Stadler Rail
7D
3.0%
1Y
9.6%

SRAIL: Higher P/E And Execution Risks Will Pressure Confidence In Earnings Guidance

Analysts have adjusted the fair value estimate for Stadler Rail to CHF 19.40 from CHF 18.00. This reflects recent upgrades and mixed price target revisions that weigh stronger confidence in the stock's execution against slightly softer revenue growth and margin expectations, as well as a higher assumed P/E multiple.
BUCN
CHF 338.50
Bucher Industries
7D
-6.4%
1Y
2.0%
MIKN
CHF 16.85
Mikron Holding
7D
-2.0%
1Y
9.8%
INRN
CHF 1,720.00
Interroll Holding
7D
4.9%
1Y
3.9%

INRN: Resilient Margins And R&D Investment Will Support Future Upside Potential

Analysts have reduced their price target on Interroll Holding by CHF 157 from CHF 3,066 to CHF 2,908.86, citing updated assumptions on discount rates, revenue growth and profit margins, as reflected in recent Street research cuts of CHF 100 at both Berenberg and Jefferies. Analyst Commentary Bullish analysts, even while trimming price targets by CHF 100, continue to frame Interroll Holding within a constructive long term view that centers on execution quality and earnings power.
BCHN
CHF 530.00
Burckhardt Compression Holding
7D
-0.2%
1Y
3.3%

BCHN: Future Resilience Will Rely On Sustained Premium P/E Multiples

Analysts have adjusted the price target for Burckhardt Compression Holding to CHF 661.83 from CHF 685.17, reflecting updated assumptions for fair value, discount rate, revenue growth and profit margin, along with a slightly higher future P/E multiple. Analyst Commentary Recent price target work on Burckhardt Compression Holding points to a more refined view of fair value, with adjustments to the discount rate, revenue growth assumptions, profit margins and the future P/E multiple.
SCHN
CHF 261.00
Schindler Holding
7D
-0.6%
1Y
-2.8%

SCHN: Slower Cost Savings Will Still Support Bullish Repricing Over Time

Analysts have nudged their fair value estimate for Schindler Holding slightly lower to about CHF 300 per share, reflecting a small cut to the average price target. Recent research points to slower cost savings and a more cautious stance, with several new and revised Neutral ratings around CHF 318 to CHF 326.
KARN
CHF 271.00
Kardex Holding
7D
5.4%
1Y
40.9%
KOMN
CHF 57.30
Komax Holding
7D
5.1%
1Y
-39.3%