Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Machinery Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies20
  • 7D1.3%
  • 3M-5.0%
  • 1Y-8.2%
  • YTD0.4%

In the last week, the Machinery industry is up 1.3%, with VAT Group up 5.4%. In contrast, the industry has lost 8.2% in the last 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026CHF 71.2bCHF 33.4bCHF 2.2b24.1x32.1x2.1x
Thu, 23 Apr 2026CHF 71.9bCHF 33.6bCHF 2.2b25.4x32.5x2.1x
Sat, 21 Mar 2026CHF 67.6bCHF 33.2bCHF 2.2b24.3x31.4x2x
Mon, 16 Feb 2026CHF 79.0bCHF 37.9bCHF 2.6b27.5x30.9x2.1x
Wed, 14 Jan 2026CHF 76.0bCHF 38.0bCHF 2.4b29.9x31.3x2x
Fri, 12 Dec 2025CHF 72.0bCHF 38.0bCHF 2.4b29x29.6x1.9x
Sun, 09 Nov 2025CHF 68.0bCHF 38.0bCHF 2.4b23.1x27.8x1.8x
Tue, 07 Oct 2025CHF 73.8bCHF 38.1bCHF 2.5b20.6x30.1x1.9x
Thu, 04 Sep 2025CHF 70.8bCHF 38.1bCHF 2.5b21.8x28.9x1.9x
Sat, 02 Aug 2025CHF 73.4bCHF 38.1bCHF 2.5b20.7x29x1.9x
Mon, 30 Jun 2025CHF 67.8bCHF 34.7bCHF 2.3b19.6x29.7x2x
Wed, 28 May 2025CHF 67.9bCHF 34.6bCHF 2.3b20.8x29.9x2x
Fri, 25 Apr 2025CHF 62.0bCHF 34.6bCHF 2.2b18.4x27.5x1.8x
Sun, 23 Mar 2025CHF 68.2bCHF 34.6bCHF 2.3b21.3x30.3x2x
Tue, 18 Feb 2025CHF 67.1bCHF 35.3bCHF 2.4b20.6x27.4x1.9x
Thu, 16 Jan 2025CHF 62.8bCHF 35.4bCHF 2.5b19.3x25.5x1.8x
Sat, 14 Dec 2024CHF 64.3bCHF 35.4bCHF 2.5b19.4x26.1x1.8x
Mon, 11 Nov 2024CHF 65.5bCHF 35.4bCHF 2.5b19.5x26.5x1.8x
Wed, 09 Oct 2024CHF 67.3bCHF 35.4bCHF 2.4b21.1x27.5x1.9x
Fri, 06 Sep 2024CHF 65.1bCHF 35.4bCHF 2.4b21.4x26.6x1.8x
Sun, 04 Aug 2024CHF 64.3bCHF 35.8bCHF 2.5b19.8x25.5x1.8x
Tue, 02 Jul 2024CHF 67.8bCHF 36.4bCHF 2.6b18.5x26.1x1.9x
Thu, 30 May 2024CHF 69.1bCHF 36.3bCHF 2.6b20.6x26.6x1.9x
Sat, 27 Apr 2024CHF 66.3bCHF 36.3bCHF 2.6b19.3x25.6x1.8x
Mon, 25 Mar 2024CHF 67.8bCHF 36.4bCHF 2.6b20.5x26.4x1.9x
Wed, 21 Feb 2024CHF 69.3bCHF 41.2bCHF 2.9b17.4x24x1.7x
Fri, 19 Jan 2024CHF 63.8bCHF 41.5bCHF 2.9b15.3x22.3x1.5x
Sun, 17 Dec 2023CHF 66.7bCHF 41.5bCHF 2.9b15.9x23.3x1.6x
Tue, 14 Nov 2023CHF 60.5bCHF 41.6bCHF 2.9b15.2x21.1x1.5x
Thu, 12 Oct 2023CHF 60.1bCHF 41.6bCHF 2.8b15.6x21.4x1.4x
Sat, 09 Sep 2023CHF 61.9bCHF 41.6bCHF 2.8b16.6x22.1x1.5x
Mon, 07 Aug 2023CHF 65.2bCHF 41.7bCHF 2.8b17.6x23.5x1.6x
Wed, 05 Jul 2023CHF 66.0bCHF 40.6bCHF 2.5b23.9x26.3x1.6x
Fri, 02 Jun 2023CHF 65.9bCHF 41.0bCHF 2.5b23.3x26.1x1.6x
Price to Earnings Ratio

26.1x


Total Market Cap: CHF 65.9bTotal Earnings: CHF 2.5bTotal Revenue: CHF 41.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 27.1x202420252026
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 32.1x which is higher than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 4.3% per year over the last three years,
  • Revenues have also declined 6.6% 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 Market1.74%
Industrials2.05%
Machinery1.28%
Industrial Machinery1.53%
Construction Machinery and Vehicles-1.73%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.9x.
    • Analysts are expecting annual earnings growth of 13.9%, 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 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 14% 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 9.6% 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 617.205.4%
+CHF 952.9m		94.3%PE86.3x
SFSN SFS GroupCHF 125.602.8%
+CHF 132.2m		7.2%PE22.3x
GF Georg FischerCHF 42.822.5%
+CHF 85.2m		-33.7%PE18x
KARN Kardex HoldingCHF 266.502.9%
+CHF 57.9m		8.6%PE54.2x
DAE Dätwyler HoldingCHF 159.401.8%
+CHF 47.6m		34.4%PE33.5x

Latest News

VACN
CHF 617.20
VAT Group
7D
5.4%
1Y
94.3%
Narrative Update • May 25

VACN: Elevated Cycle Hopes Will Meet Rich Re Rating And Execution Risks

Analysts have lifted the VAT Group price target range, with the fair value estimate moving from CHF 516.25 to about CHF 602.53. They have factored in updated assumptions on revenue growth, profit margins, P/E levels and a slightly higher discount rate, reflected in a series of recent target hikes across major banks.
BCHN
CHF 498.50
Burckhardt Compression Holding
7D
-2.3%
1Y
-18.4%
SFSN
CHF 125.60
SFS Group
7D
2.8%
1Y
7.2%
RIEN
CHF 3.28
Rieter Holding
7D
6.2%
1Y
-95.9%
Narrative Update • May 19

RIEN: Fair Value Outlook Will Depend On Margins And Future P E

Analysts have trimmed their price target on Rieter Holding slightly to reflect updated fair value assumptions around CHF 3.48, along with revised inputs for discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value: Trimmed slightly from CHF 3.575 to CHF 3.48.
SRAIL
CHF 21.30
Stadler Rail
7D
-2.7%
1Y
-0.4%
Narrative Update • May 19

SRAIL: Execution And Margin Pressures Will Challenge Optimistic Multi Year Revenue Guidance

Analysts have adjusted their outlook on Stadler Rail with a modest refinement to the implied price target. This reflects updated assumptions on discount rates, revenue growth and profit margins across recent UBS, JPMorgan, Oddo BHF and Kepler Cheuvreux research, while leaving the central fair value view at CHF 19.40.
SUN
CHF 144.60
Sulzer
7D
-0.1%
1Y
-5.5%
Narrative Update • May 18

SUN: Dividend Visibility And Firmer Margins Will Support Future Upside

Analysts have kept Sulzer's price target steady at CHF220. They point to only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view on the stock.
SCHN
CHF 250.00
Schindler Holding
7D
-0.6%
1Y
-13.2%
Narrative Update • May 17

SCHN: Higher Future P/E Assumptions Will Drive Gradual Bullish Repricing

Narrative Update Schindler Holding's analyst price target has been raised by CHF 3 to CHF 319. Analysts cite updated assumptions for revenue growth, profit margins and a higher future P/E multiple as key drivers of the change.
KARN
CHF 266.50
Kardex Holding
7D
2.9%
1Y
8.6%
OERL
CHF 3.60
OC Oerlikon
7D
3.0%
1Y
-5.2%
BYS
CHF 195.00
Bystronic
7D
6.8%
1Y
-39.9%
DAE
CHF 159.40
Dätwyler Holding
7D
1.8%
1Y
34.4%
Narrative Update • May 05

DAE: Drug Delivery Collaboration Will Support Bullish Outlook On Future Earnings

Analysts have adjusted their price target for Dätwyler Holding to CHF183.50 from CHF179.67, reflecting updated assumptions for revenue growth, profit margins, and future P/E multiples. Valuation Changes Fair Value: CHF183.50 compared with CHF179.67, a modest upward revision in the modelled estimate.
GF
CHF 42.82
Georg Fischer
7D
2.5%
1Y
-33.7%
Narrative Update • May 03

GF: Neutral Rating Shift And Margin Efficiency Will Support Future Rerating

Analysts have trimmed their fair value estimate for Georg Fischer from about CHF 62.80 to roughly CHF 61.37, reflecting slightly softer revenue growth assumptions, a marginally higher discount rate and a modestly lower future P/E, even as projected profit margins edge up. Analyst Commentary Recent research points to a shift toward a more balanced stance on Georg Fischer, with the fair value estimate adjusted to about CHF 61.37 and at least one target price framed at CHF 44.
MIKN
CHF 16.35
Mikron Holding
7D
-0.3%
1Y
-2.1%