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Swiss (SMI) Machinery Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.1%
  • 3M10.0%
  • 1Y-3.9%
  • YTD3.6%

Over the last 7 days, the Machinery industry has dropped 2.1%, driven by a pullback from Sulzer of 4.6%. In contrast, VAT Group has gained 5.6%. However, the industry is down 3.9% over the past year. 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, 30 Jun 2026CHF 73.5bCHF 33.4bCHF 2.2b23.8x33x2.2x
Thu, 28 May 2026CHF 71.6bCHF 33.4bCHF 2.2b24.8x32.3x2.1x
Sat, 25 Apr 2026CHF 72.2bCHF 33.4bCHF 2.2b24.6x32.5x2.2x
Mon, 23 Mar 2026CHF 67.6bCHF 33.2bCHF 2.2b24.3x31.4x2x
Wed, 18 Feb 2026CHF 79.2bCHF 37.9bCHF 2.5b27.6x31.7x2.1x
Fri, 16 Jan 2026CHF 79.7bCHF 38.0bCHF 2.4b31.3x32.8x2.1x
Sun, 14 Dec 2025CHF 72.8bCHF 38.0bCHF 2.4b29.1x30x1.9x
Tue, 11 Nov 2025CHF 68.4bCHF 38.0bCHF 2.4b23.3x28x1.8x
Thu, 09 Oct 2025CHF 73.3bCHF 38.1bCHF 2.5b20.2x29.9x1.9x
Sat, 06 Sep 2025CHF 72.5bCHF 38.1bCHF 2.5b22.1x29.6x1.9x
Mon, 04 Aug 2025CHF 73.4bCHF 38.1bCHF 2.5b20.7x29x1.9x
Wed, 02 Jul 2025CHF 67.7bCHF 34.7bCHF 2.3b19.8x29.7x2x
Fri, 30 May 2025CHF 67.6bCHF 34.6bCHF 2.3b20.9x29.8x2x
Sun, 27 Apr 2025CHF 62.5bCHF 34.6bCHF 2.2b18.4x27.8x1.8x
Tue, 25 Mar 2025CHF 68.0bCHF 34.6bCHF 2.3b21.2x30.2x2x
Thu, 20 Feb 2025CHF 67.8bCHF 35.3bCHF 2.4b20.9x27.7x1.9x
Sat, 18 Jan 2025CHF 64.0bCHF 35.4bCHF 2.5b19.8x25.9x1.8x
Mon, 16 Dec 2024CHF 64.3bCHF 35.4bCHF 2.5b19.4x26.1x1.8x
Wed, 13 Nov 2024CHF 64.4bCHF 35.4bCHF 2.5b19.4x26.1x1.8x
Fri, 11 Oct 2024CHF 67.0bCHF 35.4bCHF 2.4b20.7x27.4x1.9x
Sun, 08 Sep 2024CHF 64.3bCHF 35.4bCHF 2.4b21.2x26.3x1.8x
Tue, 06 Aug 2024CHF 63.3bCHF 35.8bCHF 2.5b19.5x25.1x1.8x
Thu, 04 Jul 2024CHF 68.7bCHF 36.4bCHF 2.6b19.2x26.4x1.9x
Sat, 01 Jun 2024CHF 69.0bCHF 36.3bCHF 2.6b20.4x26.6x1.9x
Mon, 29 Apr 2024CHF 66.3bCHF 36.3bCHF 2.6b19.3x25.6x1.8x
Wed, 27 Mar 2024CHF 67.4bCHF 36.4bCHF 2.6b20.8x26.3x1.9x
Fri, 23 Feb 2024CHF 70.5bCHF 41.0bCHF 2.8b18.4x24.8x1.7x
Sun, 21 Jan 2024CHF 63.1bCHF 41.5bCHF 2.9b15x22x1.5x
Tue, 19 Dec 2023CHF 66.7bCHF 41.5bCHF 2.9b15.8x23.3x1.6x
Thu, 16 Nov 2023CHF 62.4bCHF 41.6bCHF 2.9b15.9x21.8x1.5x
Sat, 14 Oct 2023CHF 59.3bCHF 41.6bCHF 2.8b15x21.2x1.4x
Mon, 11 Sep 2023CHF 61.9bCHF 41.6bCHF 2.8b16.6x22.1x1.5x
Wed, 09 Aug 2023CHF 64.5bCHF 41.7bCHF 2.8b17.4x23.2x1.5x
Fri, 07 Jul 2023CHF 64.3bCHF 40.6bCHF 2.5b22.8x25.6x1.6x
Price to Earnings Ratio

25.6x


Total Market Cap: CHF 64.3bTotal Earnings: CHF 2.5bTotal Revenue: CHF 40.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 27.3x202420252026
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 33.0x which is higher than its 3-year average PE of 27.3x.
  • 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 3.9% 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 Market2.19%
Industrials-1.78%
Machinery-2.11%
Construction Machinery and Vehicles-0.28%
Industrial Machinery-2.25%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 29.1x.
    • Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings growth of 1.2% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading close to its 3-year average of 17.3x.
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 1.2% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 10% 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 706.205.6%
+CHF 1.1b		114.2%PE98.8x
OERL OC OerlikonCHF 4.077.1%
+CHF 88.1m		9.4%PS0.8x
BUCN Bucher IndustriesCHF 318.001.9%
+CHF 59.5m		-18.4%PE13.4x
BYS BystronicCHF 142.402.9%
+CHF 8.3m		-62.0%PS0.5x
MIKN Mikron HoldingCHF 16.250.3%
+CHF 834.4k		1.8%PE8.3x

Latest News

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OC Oerlikon
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1Y
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OERL: Future Returns Will Depend On Delivering Extraordinary Dividends

Analysts have trimmed their price target on OC Oerlikon after updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E resulted in a slightly lower valuation in CHF than before. What's in the News No recent OC Oerlikon specific news items or key developments have been identified in the provided sources.
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VACN
CHF 706.20
VAT Group
7D
5.6%
1Y
114.2%
Narrative Update • Jun 23

VACN: Higher Cycle Hopes Will Confront Rich Multiple And Execution Risks

The updated fair value for VAT Group has been increased to CHF 617 from CHF 603. This reflects analysts' higher price targets in recent research, based on their rationale around slightly stronger revenue growth, profit margins, and a marginally lower discount rate.
BUCN
CHF 318.00
Bucher Industries
7D
1.9%
1Y
-18.4%
Narrative Update • Jun 23

BUCN: Steady 2026 Margins And Buyback Will Support Undervalued Upside

Analysts have trimmed their price target on Bucher Industries to CHF 364.83. This reflects slightly lower assumed revenue growth, a marginally reduced profit margin outlook, a modestly lower discount rate and a near unchanged future P/E multiple following recent research updates that have turned more cautious on the stock.
DAE
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Dätwyler Holding
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SRAIL
CHF 23.24
Stadler Rail
7D
-1.3%
1Y
20.9%
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SRAIL: Order Backlog Execution And 2026 Margin Delivery Will Shape Fair Value

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BYS
CHF 142.40
Bystronic
7D
2.9%
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SUN
CHF 134.20
Sulzer
7D
-4.6%
1Y
-4.6%
Narrative Update • Jun 16

SUN: Unchanged Outlook And Assumption Tweaks Will Likely Keep Shares Overpriced

The latest Sulzer analyst narrative keeps the fair value estimate steady at CHF 130.00, with analysts citing small adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view on the stock. What’s in the News for Sulzer No recent Sulzer news items were available from the provided primary or secondary sources at the time of writing.
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