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Swiss (SMI) Machinery Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.5%
  • 3M13.7%
  • 1Y-3.5%
  • YTD5.4%

Over the last 7 days, the Machinery industry has remained flat, although notably Georg Fischer declined by 10%. Unfortunately though, the industry is down 4.4% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026CHF 75.0bCHF 33.4bCHF 2.2b26.8x33.7x2.2x
Mon, 26 Jan 2026CHF 79.0bCHF 37.9bCHF 2.4b29x32.5x2.1x
Wed, 24 Dec 2025CHF 73.2bCHF 37.9bCHF 2.4b29.1x30.1x1.9x
Fri, 21 Nov 2025CHF 68.1bCHF 37.9bCHF 2.4b28.5x28x1.8x
Sun, 19 Oct 2025CHF 71.4bCHF 38.1bCHF 2.4b19.6x29.2x1.9x
Tue, 16 Sep 2025CHF 74.5bCHF 38.1bCHF 2.5b20.9x30.4x2x
Thu, 14 Aug 2025CHF 73.6bCHF 38.0bCHF 2.5b22.7x29.9x1.9x
Sat, 12 Jul 2025CHF 69.0bCHF 34.7bCHF 2.3b19.9x30.3x2x
Mon, 09 Jun 2025CHF 68.7bCHF 34.7bCHF 2.3b20.3x30.1x2x
Wed, 07 May 2025CHF 65.4bCHF 34.6bCHF 2.3b20.2x28.8x1.9x
Fri, 04 Apr 2025CHF 62.4bCHF 34.6bCHF 2.3b19.1x27.7x1.8x
Sun, 02 Mar 2025CHF 66.4bCHF 35.4bCHF 2.5b20.1x26.1x1.9x
Tue, 28 Jan 2025CHF 65.1bCHF 35.4bCHF 2.5b20.2x26.4x1.8x
Thu, 26 Dec 2024CHF 62.9bCHF 35.4bCHF 2.5b19.3x25.5x1.8x
Sat, 23 Nov 2024CHF 63.5bCHF 35.4bCHF 2.5b19.3x25.8x1.8x
Mon, 21 Oct 2024CHF 67.4bCHF 35.4bCHF 2.5b21.2x27.4x1.9x
Wed, 18 Sep 2024CHF 66.3bCHF 35.4bCHF 2.4b20.7x27.1x1.9x
Fri, 16 Aug 2024CHF 66.0bCHF 35.4bCHF 2.4b21.5x26.9x1.9x
Sun, 14 Jul 2024CHF 69.8bCHF 36.4bCHF 2.6b19.5x26.8x1.9x
Tue, 11 Jun 2024CHF 69.2bCHF 36.3bCHF 2.6b19.6x26.6x1.9x
Thu, 09 May 2024CHF 68.2bCHF 36.3bCHF 2.6b20.2x26.3x1.9x
Sat, 06 Apr 2024CHF 67.6bCHF 36.4bCHF 2.6b22.1x26.3x1.9x
Mon, 04 Mar 2024CHF 71.4bCHF 40.7bCHF 2.9b19.7x25x1.8x
Wed, 31 Jan 2024CHF 66.0bCHF 41.5bCHF 2.9b15.7x23x1.6x
Fri, 29 Dec 2023CHF 66.3bCHF 41.5bCHF 2.9b15.9x23.1x1.6x
Sun, 26 Nov 2023CHF 62.8bCHF 41.5bCHF 2.9b15.5x21.9x1.5x
Tue, 24 Oct 2023CHF 56.9bCHF 41.5bCHF 2.9b14.3x19.9x1.4x
Thu, 21 Sep 2023CHF 61.1bCHF 41.6bCHF 2.8b16.3x21.8x1.5x
Sat, 19 Aug 2023CHF 62.1bCHF 41.8bCHF 2.8b16.5x22.3x1.5x
Mon, 17 Jul 2023CHF 66.8bCHF 40.6bCHF 2.5b23.4x26.6x1.6x
Wed, 14 Jun 2023CHF 69.1bCHF 41.1bCHF 2.5b24.2x27.2x1.7x
Fri, 12 May 2023CHF 66.6bCHF 41.0bCHF 2.5b24.2x26.3x1.6x
Sun, 09 Apr 2023CHF 63.4bCHF 40.8bCHF 2.5b26.3x25.7x1.6x
Tue, 07 Mar 2023CHF 67.8bCHF 40.3bCHF 2.5b30.5x27.5x1.7x
Price to Earnings Ratio

27.5x


Total Market Cap: CHF 67.8bTotal Earnings: CHF 2.5bTotal Revenue: CHF 40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 26.7x202420252026
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 34.1x which is higher than its 3-year average PE of 26.7x.
  • 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 3.8% per year over the last three years,
  • Revenues have also declined 6.1% 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 Market0.68%
Industrials0.21%
Machinery-0.48%
Industrial Machinery-0.45%
Construction Machinery and Vehicles-0.83%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.4x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings growth of 7.0% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 14% 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 544.202.0%
+CHF 323.7m		61.8%PE73x
OERL OC OerlikonCHF 4.238.5%
+CHF 111.8m		3.4%PS0.9x
STGN StarragTornos GroupCHF 34.203.0%
+CHF 5.5m		-11.4%PS0.4x

Latest News

OERL
CHF 4.23
OC Oerlikon
7D
8.5%
1Y
3.4%
GF
CHF 48.78
Georg Fischer
7D
-10.2%
1Y
-29.9%
RIEN
CHF 3.12
Rieter Holding
7D
-8.8%
1Y
-96.4%
SFSN
CHF 122.20
SFS Group
7D
-1.1%
1Y
4.6%

SFSN: Analyst Day Insights Will Support Steady Outlook And Fair P/E Expectations

Analysts have kept their CHF 130.83 price target for SFS Group broadly unchanged, citing only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions to reflect updated modeling rather than a shift in their overall view. What's in the News SFS Group held an Analyst/Investor Day, which gave the market an opportunity to hear updated management commentary and to ask questions about the business and its outlook (Key Developments).
DAE
CHF 168.00
Dätwyler Holding
7D
-1.9%
1Y
34.4%
INRN
CHF 1,934.00
Interroll Holding
7D
-3.3%
1Y
-10.7%

INRN: Conservative Margin Outlook And R&D Investment Will Support Future Upside Potential

Analysts have trimmed their Interroll Holding price targets by CHF 250 and CHF 100 respectively, leading to a revised blended target around CHF 2,375, as they factor in updated assumptions for discount rates, revenue growth, and profit margins. Analyst Commentary Bearish analysts are framing the lower price targets as a reset of expectations rather than a short term reaction, pointing to a mix of valuation discipline and execution risks.
SCHN
CHF 281.50
Schindler Holding
7D
-0.4%
1Y
6.2%

SCHN: Balanced Outlook As Cost Savings And Event Day Shape Expectations

Analysts have trimmed their average price target for Schindler Holding by about CHF 2 to reflect slightly higher discount rate assumptions and slower cost savings, while still factoring in modestly stronger revenue growth, relatively stable profit margins and a lower future P/E multiple. Analyst Commentary Recent research views on Schindler Holding have shifted toward a more balanced stance, with some analysts turning more cautious about execution on cost savings and others still seeing room for upside in the shares.
SUN
CHF 170.00
Sulzer
7D
-5.2%
1Y
9.0%

SUN: Minor Model Tweaks Will Likely Leave Shares Overpriced

Analysts have kept their CHF 130.00 price target for Sulzer unchanged, pointing to only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in their overall view of the shares. Valuation Changes Fair Value: CHF 130.00 remains unchanged, signalling no revision to the headline valuation level.
VACN
CHF 544.20
VAT Group
7D
2.0%
1Y
61.8%

VACN: Elevated Cycle Hopes Will Face Test From Weak Non AI Demand

Analysts have lifted their VAT Group fair value estimate by CHF 10 to CHF 469.88, reflecting updated assumptions for revenue growth, profit margins and P/E multiples following recent mixed research, including higher price targets from Berenberg and Citi and downgrades from Oddo BHF and Jefferies. Analyst Commentary Recent research on VAT Group reflects a split view, with some analysts lifting price targets while others turn more cautious, particularly around valuation and the broader semiconductor cycle.
STGN
CHF 34.20
StarragTornos Group
7D
3.0%
1Y
-11.4%
KARN
CHF 261.00
Kardex Holding
7D
-2.6%
1Y
0%