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Swiss (SMI) Machinery Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies21
  • 7D4.5%
  • 3M5.4%
  • 1Y-5.3%
  • YTD1.1%

In the last week, the Machinery industry is up 4.5%, with VAT Group up 15%. In the same time, Bucher Industries was down 5.4%. In contrast, the industry has lost 5.3% in the last 12 months. 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
Sun, 11 Jan 2026CHF 76.7bCHF 38.0bCHF 2.4b30.5x31.6x2x
Tue, 09 Dec 2025CHF 72.3bCHF 38.0bCHF 2.4b29x29.8x1.9x
Thu, 06 Nov 2025CHF 69.4bCHF 38.0bCHF 2.4b24.2x28.4x1.8x
Sat, 04 Oct 2025CHF 73.3bCHF 38.1bCHF 2.5b20.7x29.9x1.9x
Mon, 01 Sep 2025CHF 71.8bCHF 38.1bCHF 2.5b22.3x29.3x1.9x
Wed, 30 Jul 2025CHF 73.9bCHF 38.3bCHF 2.5b20.8x29.1x1.9x
Fri, 27 Jun 2025CHF 66.6bCHF 34.7bCHF 2.3b19.3x29.2x1.9x
Sun, 25 May 2025CHF 66.7bCHF 34.6bCHF 2.3b20.4x29.4x1.9x
Tue, 22 Apr 2025CHF 60.6bCHF 34.5bCHF 2.2b17.9x27x1.8x
Thu, 20 Mar 2025CHF 69.1bCHF 34.9bCHF 2.3b20.6x29.5x2x
Sat, 15 Feb 2025CHF 67.3bCHF 35.3bCHF 2.4b20.5x27.5x1.9x
Mon, 13 Jan 2025CHF 63.4bCHF 35.4bCHF 2.5b19.2x25.7x1.8x
Wed, 11 Dec 2024CHF 64.6bCHF 35.4bCHF 2.5b19.5x26.2x1.8x
Fri, 08 Nov 2024CHF 65.7bCHF 35.4bCHF 2.5b20.4x26.6x1.9x
Sun, 06 Oct 2024CHF 67.6bCHF 35.4bCHF 2.4b21.2x27.7x1.9x
Tue, 03 Sep 2024CHF 67.8bCHF 35.4bCHF 2.4b22.3x27.7x1.9x
Thu, 01 Aug 2024CHF 67.8bCHF 35.8bCHF 2.5b20.8x26.9x1.9x
Sat, 29 Jun 2024CHF 67.8bCHF 36.4bCHF 2.6b18.5x26.1x1.9x
Mon, 27 May 2024CHF 70.8bCHF 36.3bCHF 2.6b20.8x27.3x2x
Wed, 24 Apr 2024CHF 66.1bCHF 36.3bCHF 2.6b19.2x25.5x1.8x
Fri, 22 Mar 2024CHF 68.3bCHF 36.4bCHF 2.6b20.2x26.6x1.9x
Sun, 18 Feb 2024CHF 69.3bCHF 41.2bCHF 2.9b16.8x24x1.7x
Tue, 16 Jan 2024CHF 64.5bCHF 41.5bCHF 2.9b15.5x22.5x1.6x
Thu, 14 Dec 2023CHF 64.6bCHF 41.5bCHF 2.9b15.2x22.5x1.6x
Sat, 11 Nov 2023CHF 60.3bCHF 41.6bCHF 2.9b15.1x21x1.5x
Mon, 09 Oct 2023CHF 59.3bCHF 41.6bCHF 2.8b15.4x21.2x1.4x
Wed, 06 Sep 2023CHF 63.0bCHF 41.6bCHF 2.8b16.8x22.5x1.5x
Fri, 04 Aug 2023CHF 64.5bCHF 41.7bCHF 2.8b17.4x23.2x1.5x
Sun, 02 Jul 2023CHF 67.8bCHF 41.2bCHF 2.5b23x26.7x1.6x
Tue, 30 May 2023CHF 66.7bCHF 41.0bCHF 2.5b23.6x26.4x1.6x
Thu, 27 Apr 2023CHF 65.6bCHF 41.0bCHF 2.5b22.8x25.9x1.6x
Sat, 25 Mar 2023CHF 64.3bCHF 40.8bCHF 2.5b26.8x26.1x1.6x
Mon, 20 Feb 2023CHF 65.6bCHF 38.9bCHF 2.4b30.8x27.3x1.7x
Wed, 18 Jan 2023CHF 65.1bCHF 40.5bCHF 2.5b27.8x25.8x1.6x
Price to Earnings Ratio

25.8x


Total Market Cap: CHF 65.1bTotal Earnings: CHF 2.5bTotal Revenue: CHF 40.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 26.4x202420252026
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 31.6x which is higher than its 3-year average PE of 26.4x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Swiss Industrials industry?

CH Market1.77%
Industrials3.19%
Machinery4.53%
Industrial Machinery5.29%
Construction Machinery and Vehicles-4.41%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.1x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings growth of 7.6% 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 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 13% 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 443.7015.0%
+CHF 1.7b		29.5%PE59.5x
SCHN Schindler HoldingCHF 290.503.2%
+CHF 966.6m		17.6%PE31.3x
SFSN SFS GroupCHF 115.406.3%
+CHF 264.3m		-3.2%PE19x
SUN SulzerCHF 153.804.3%
+CHF 215.9m		12.1%PE19x
KARN Kardex HoldingCHF 290.004.9%
+CHF 104.1m		1.6%PE30.5x

Latest News

SUN
CHF 153.80
Sulzer
7D
4.3%
1Y
12.1%

Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching

Jan 10
Why Sulzer Ltd (VTX:SUN) Could Be Worth Watching
VACN
CHF 443.70
VAT Group
7D
15.0%
1Y
29.5%

VACN: Future Premium Multiples Will Likely Struggle Against Execution Risks

The VAT Group analyst price target has increased to CHF 380 from CHF 285, with analysts citing revised long term growth and profitability assumptions. These include higher projected revenue growth of 13.62%, an assumed profit margin of 27.38% and a lower future P/E of 23.31x, even as the discount rate rises to 5.16%.
DAE
CHF 165.80
Dätwyler Holding
7D
1.3%
1Y
23.7%

DAE: Higher Margin Outlook Will Support Stronger Future Share Performance

Analysts now place their fair value estimate for Dätwyler Holding at CHF 185, up from CHF 174, citing updated assumptions for revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value Estimate was raised from CHF 174 to CHF 185, indicating a modest upward adjustment in the intrinsic assessment.
GF
CHF 53.45
Georg Fischer
7D
-0.3%
1Y
-21.2%

GF: Expanded High Purity Access Will Support Recovery Despite End Market Concerns

Analysts trimmed their price expectations for Georg Fischer, with fresh target cuts from CHF 85 to CHF 75 and from CHF 65 to CHF 47, reflecting concerns about end market risk and what they view as overly optimistic consensus estimates. Analyst Commentary Recent research shows a clear split between bullish and bearish analysts on Georg Fischer, with price targets ranging from CHF 47 to CHF 75.
SCHN
CHF 290.50
Schindler Holding
7D
3.2%
1Y
17.6%

SCHN: Slightly Lowered Assumptions And Investor Day Updates Will Guide Medium Term Outlook

Analysts have reduced their price target on Schindler Holding to CHF 287 from CHF 294. This adjustment reflects slightly updated assumptions on the discount rate, revenue growth, profit margins and expected future P/E multiples.
BUCN
CHF 348.50
Bucher Industries
7D
-5.4%
1Y
7.6%
SFSN
CHF 115.40
SFS Group
7D
6.3%
1Y
-3.2%
OERL
CHF 3.48
OC Oerlikon
7D
7.7%
1Y
-0.1%

OERL: Future Returns Will Reflect Stable Valuation And Upcoming CFO Transition

Analysts have slightly adjusted their price assumptions for OC Oerlikon, keeping fair value broadly unchanged around €3.33, as small tweaks to the discount rate, revenue growth outlook and profit margin forecasts offset each other in their models. What's in the News OC Oerlikon Management AG announced that Marco Freidl will become Chief Financial Officer, effective November 2025, succeeding Markus Richter (Key Developments).
INRN
CHF 2,280.00
Interroll Holding
7D
3.6%
1Y
7.0%

INRN Will See Moderated Profit Outlook Support A Strong Long-Term Upside Potential

Analysts have trimmed their price target for Interroll Holding from CHF 3,175.81 to CHF 3,034.00, reflecting more cautious assumptions on revenue growth, profitability, and a slightly higher discount rate. Valuation Changes Fair Value Estimate reduced moderately from CHF 3,175.81 to CHF 3,034.00, implying a lower central valuation for Interroll Holding.
KARN
CHF 290.00
Kardex Holding
7D
4.9%
1Y
1.6%
SRAIL
CHF 19.69
Stadler Rail
7D
-2.5%
1Y
-1.1%

Stadler Rail (VTX:SRAIL) Has Some Difficulty Using Its Capital Effectively

Nov 26
Stadler Rail (VTX:SRAIL) Has Some Difficulty Using Its Capital Effectively
ADVN
CHF 37.60
Adval Tech Holding
7D
-5.1%
1Y
-52.7%

Is Adval Tech Holding (VTX:ADVN) Using Too Much Debt?

Oct 28
Is Adval Tech Holding (VTX:ADVN) Using Too Much Debt?