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Swiss (SMI) Machinery Industry Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.1%
  • 3M-0.005%
  • 1Y-13.2%
  • YTD-3.8%

Over the last 7 days, the Machinery industry has dropped 1.1%, driven by a pullback from Schindler Holding of 3.3%. However, the industry is down 13% 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, 24 Mar 2026CHF 68.4bCHF 33.6bCHF 2.2b22.7x30.9x2x
Thu, 19 Feb 2026CHF 79.3bCHF 37.9bCHF 2.5b27.9x31.8x2.1x
Sat, 17 Jan 2026CHF 79.4bCHF 37.9bCHF 2.4b30.2x32.6x2.1x
Mon, 15 Dec 2025CHF 72.8bCHF 38.0bCHF 2.4b29.1x30x1.9x
Wed, 12 Nov 2025CHF 69.4bCHF 38.0bCHF 2.4b23.8x28.4x1.8x
Fri, 10 Oct 2025CHF 73.4bCHF 38.1bCHF 2.4b20.7x30x1.9x
Sun, 07 Sep 2025CHF 72.5bCHF 38.1bCHF 2.5b22.1x29.6x1.9x
Tue, 05 Aug 2025CHF 72.5bCHF 38.1bCHF 2.5b20.2x28.6x1.9x
Thu, 03 Jul 2025CHF 67.4bCHF 34.7bCHF 2.3b19.9x29.6x1.9x
Sat, 31 May 2025CHF 67.1bCHF 34.6bCHF 2.3b20.9x29.6x1.9x
Mon, 28 Apr 2025CHF 62.5bCHF 34.6bCHF 2.2b18.4x27.8x1.8x
Wed, 26 Mar 2025CHF 68.4bCHF 34.6bCHF 2.3b21.8x30.4x2x
Fri, 21 Feb 2025CHF 67.5bCHF 35.3bCHF 2.5b20.6x26.8x1.9x
Sun, 19 Jan 2025CHF 64.0bCHF 35.4bCHF 2.5b19.8x25.9x1.8x
Tue, 17 Dec 2024CHF 64.2bCHF 35.4bCHF 2.5b19.3x26.1x1.8x
Thu, 14 Nov 2024CHF 64.4bCHF 35.4bCHF 2.5b19.3x26.1x1.8x
Sat, 12 Oct 2024CHF 67.5bCHF 35.4bCHF 2.4b20.5x27.6x1.9x
Mon, 09 Sep 2024CHF 64.3bCHF 35.4bCHF 2.4b21.2x26.3x1.8x
Wed, 07 Aug 2024CHF 63.2bCHF 35.8bCHF 2.5b19.6x25.1x1.8x
Fri, 05 Jul 2024CHF 68.8bCHF 36.4bCHF 2.6b19.3x26.5x1.9x
Sun, 02 Jun 2024CHF 69.0bCHF 36.3bCHF 2.6b20.4x26.6x1.9x
Tue, 30 Apr 2024CHF 66.4bCHF 36.3bCHF 2.6b19.8x25.6x1.8x
Thu, 28 Mar 2024CHF 67.5bCHF 36.4bCHF 2.6b22x26.3x1.9x
Sat, 24 Feb 2024CHF 71.1bCHF 41.0bCHF 2.9b18.7x24.6x1.7x
Mon, 22 Jan 2024CHF 63.1bCHF 41.5bCHF 2.9b15x22x1.5x
Wed, 20 Dec 2023CHF 66.3bCHF 41.5bCHF 2.9b16x23.1x1.6x
Fri, 17 Nov 2023CHF 62.4bCHF 41.6bCHF 2.9b15.9x21.8x1.5x
Sun, 15 Oct 2023CHF 59.3bCHF 41.6bCHF 2.8b15x21.2x1.4x
Tue, 12 Sep 2023CHF 61.8bCHF 41.6bCHF 2.8b16.6x22x1.5x
Thu, 10 Aug 2023CHF 64.6bCHF 41.7bCHF 2.8b17.6x23.3x1.5x
Sat, 08 Jul 2023CHF 65.3bCHF 40.6bCHF 2.5b23.2x26x1.6x
Mon, 05 Jun 2023CHF 67.4bCHF 41.0bCHF 2.5b23.9x26.7x1.6x
Wed, 03 May 2023CHF 65.8bCHF 41.0bCHF 2.5b23.4x26x1.6x
Fri, 31 Mar 2023CHF 66.1bCHF 40.8bCHF 2.5b27.3x26.8x1.6x
Price to Earnings Ratio

26.8x


Total Market Cap: CHF 66.1bTotal 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 30.9x 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 Market-3.48%
Industrials-2.36%
Machinery-1.07%
Construction Machinery and Vehicles2.02%
Industrial Machinery-1.32%
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 13.2%, 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 8.7% 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 518.602.7%
+CHF 413.5m		50.0%PE72.5x
SRAIL Stadler RailCHF 20.1412.3%
+CHF 221.0m		-7.6%PE22.9x
KARN Kardex HoldingCHF 254.001.4%
+CHF 27.0m		3.0%PE51.6x
SUN SulzerCHF 160.200.4%
+CHF 20.2m		-0.5%PE18.5x
KOMN Komax HoldingCHF 48.754.2%
+CHF 10.0m		-56.7%PS0.4x

Latest News

KOMN
CHF 48.75
Komax Holding
7D
4.2%
1Y
-56.7%
SRAIL
CHF 20.14
Stadler Rail
7D
12.3%
1Y
-7.6%
DAE
CHF 141.20
Dätwyler Holding
7D
-5.6%
1Y
16.9%

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 518.60
VAT Group
7D
2.7%
1Y
50.0%

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.
GF
CHF 40.90
Georg Fischer
7D
-1.5%
1Y
-40.2%

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 160.20
Sulzer
7D
0.4%
1Y
-0.5%

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).
BYS
CHF 193.00
Bystronic
7D
-7.9%
1Y
-40.6%
BUCN
CHF 342.00
Bucher Industries
7D
-3.3%
1Y
-9.5%
OERL
CHF 3.72
OC Oerlikon
7D
-3.9%
1Y
-9.6%
SCHN
CHF 251.50
Schindler Holding
7D
-3.3%
1Y
-9.0%
KARN
CHF 254.00
Kardex Holding
7D
1.4%
1Y
3.0%
INRN
CHF 1,510.00
Interroll Holding
7D
-4.3%
1Y
-33.3%
SFSN
CHF 116.00
SFS Group
7D
-1.0%
1Y
-0.7%
PEDU
CHF 47.40
Perrot Duval Holding
7D
4.9%
1Y
-7.1%