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Swiss (SMI) Machinery Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.8%
  • 3M2.0%
  • 1Y-13.1%
  • YTD-2.7%

Over the last 7 days, the Machinery industry has dropped 2.2%, driven by a pullback from Schindler Holding of 3.2%. Overall the industry is down 12% in 12 months. 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
Mon, 16 Mar 2026CHF 69.2bCHF 33.2bCHF 2.1b24.8x32.3x2.1x
Wed, 11 Feb 2026CHF 80.6bCHF 37.9bCHF 2.4b27.1x33.2x2.1x
Fri, 09 Jan 2026CHF 76.4bCHF 38.0bCHF 2.4b30.1x31.4x2x
Sun, 07 Dec 2025CHF 72.1bCHF 38.0bCHF 2.4b29.1x29.7x1.9x
Tue, 04 Nov 2025CHF 70.1bCHF 38.0bCHF 2.5b19.1x28.5x1.8x
Thu, 02 Oct 2025CHF 71.9bCHF 38.1bCHF 2.5b20.5x29.3x1.9x
Sat, 30 Aug 2025CHF 71.8bCHF 38.1bCHF 2.5b22.3x29.3x1.9x
Mon, 28 Jul 2025CHF 73.6bCHF 38.2bCHF 2.5b20.6x29.1x1.9x
Wed, 25 Jun 2025CHF 66.2bCHF 34.7bCHF 2.3b19.4x29x1.9x
Fri, 23 May 2025CHF 67.4bCHF 34.6bCHF 2.3b20.8x29.7x1.9x
Sun, 20 Apr 2025CHF 60.6bCHF 34.5bCHF 2.2b17.9x27x1.8x
Tue, 18 Mar 2025CHF 68.8bCHF 34.9bCHF 2.3b20.5x29.4x2x
Thu, 13 Feb 2025CHF 66.4bCHF 35.4bCHF 2.4b20.4x27.4x1.9x
Sat, 11 Jan 2025CHF 63.4bCHF 35.4bCHF 2.5b19.2x25.7x1.8x
Mon, 09 Dec 2024CHF 65.0bCHF 35.4bCHF 2.5b19.6x26.4x1.8x
Wed, 06 Nov 2024CHF 65.0bCHF 35.4bCHF 2.5b20.3x26.4x1.8x
Fri, 04 Oct 2024CHF 67.9bCHF 35.4bCHF 2.4b20.9x27.8x1.9x
Sun, 01 Sep 2024CHF 67.4bCHF 35.4bCHF 2.4b22.7x27.6x1.9x
Tue, 30 Jul 2024CHF 66.4bCHF 35.7bCHF 2.5b20.3x26.3x1.9x
Thu, 27 Jun 2024CHF 66.9bCHF 36.4bCHF 2.6b18.6x25.8x1.8x
Sat, 25 May 2024CHF 70.8bCHF 36.3bCHF 2.6b20.8x27.3x2x
Mon, 22 Apr 2024CHF 65.7bCHF 36.3bCHF 2.6b19.3x25.3x1.8x
Wed, 20 Mar 2024CHF 72.8bCHF 40.4bCHF 2.8b20.7x25.6x1.8x
Fri, 16 Feb 2024CHF 68.7bCHF 41.3bCHF 2.8b16.4x24.2x1.7x
Sun, 14 Jan 2024CHF 65.3bCHF 41.5bCHF 2.9b15.8x22.8x1.6x
Tue, 12 Dec 2023CHF 64.3bCHF 41.5bCHF 2.9b15.2x22.4x1.5x
Thu, 09 Nov 2023CHF 59.5bCHF 41.6bCHF 2.9b15x20.8x1.4x
Sat, 07 Oct 2023CHF 59.3bCHF 41.6bCHF 2.8b15.4x21.2x1.4x
Mon, 04 Sep 2023CHF 63.2bCHF 41.6bCHF 2.8b16.9x22.5x1.5x
Wed, 02 Aug 2023CHF 66.2bCHF 41.7bCHF 2.8b17.5x23.8x1.6x
Fri, 30 Jun 2023CHF 66.9bCHF 41.2bCHF 2.5b22.7x26.3x1.6x
Sun, 28 May 2023CHF 66.7bCHF 41.0bCHF 2.5b23.6x26.4x1.6x
Tue, 25 Apr 2023CHF 66.5bCHF 41.0bCHF 2.5b23.4x26.3x1.6x
Thu, 23 Mar 2023CHF 66.5bCHF 40.8bCHF 2.5b26.9x26.9x1.6x
Price to Earnings Ratio

26.9x


Total Market Cap: CHF 66.5bTotal Earnings: CHF 2.5bTotal Revenue: CHF 40.8bTotal 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 32.3x 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 2.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 4.6% 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 Market-1.16%
Industrials0.46%
Machinery-0.81%
Industrial Machinery-0.76%
Construction Machinery and Vehicles-1.41%
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 12.9%, which is higher than its past year's earnings growth of 4.0% 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 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 35% 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
SUN SulzerCHF 160.003.2%
+CHF 168.7m		-0.5%PE18.4x
KARN Kardex HoldingCHF 250.005.9%
+CHF 108.3m		-2.3%PE51.3x
GF Georg FischerCHF 42.262.7%
+CHF 90.1m		-40.8%PE17.8x
SRAIL Stadler RailCHF 18.712.7%
+CHF 49.0m		-17.9%PE59.3x
BCHN Burckhardt Compression HoldingCHF 521.002.8%
+CHF 47.3m		-17.6%PE16.7x

Latest News

KARN
CHF 250.00
Kardex Holding
7D
5.9%
1Y
-2.3%
INRN
CHF 1,662.00
Interroll Holding
7D
-5.1%
1Y
-30.0%
SFSN
CHF 118.40
SFS Group
7D
0.9%
1Y
-1.0%
BCHN
CHF 521.00
Burckhardt Compression Holding
7D
2.8%
1Y
-17.6%
DAE
CHF 150.00
Dätwyler Holding
7D
-0.7%
1Y
21.0%
BUCN
CHF 354.50
Bucher Industries
7D
-3.0%
1Y
-8.5%

BUCN: Softer Outlook And Margin Constraints Will Guide Balanced Future Returns

Analyst price targets for Bucher Industries have been revised slightly higher to about CHF 394 from around CHF 389. The change reflects updated assumptions on discount rate, profit margins, revenue growth and future P/E, even as recent research points to a softer near term outlook and "muted" growth with limited margin support.
OERL
CHF 3.90
OC Oerlikon
7D
2.4%
1Y
-5.6%

Bullish View That Materials And Surface Engineering Shift Will Drive Long Term Upside

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KOMN
CHF 48.00
Komax Holding
7D
-9.1%
1Y
-57.8%
SUN
CHF 160.00
Sulzer
7D
3.2%
1Y
-0.5%
SCHN
CHF 258.50
Schindler Holding
7D
-2.1%
1Y
-7.2%

SCHN: Cost Savings Progress And Investor Day Will Shape Bullish Repricing

The analyst price target for Schindler Holding has edged down slightly by around CHF 1.70, reflecting a mix of recent Neutral ratings with price targets clustered near CHF 318 to CHF 319 and modest adjustments to growth, margin and P/E assumptions by covering analysts. Analyst Commentary Recent research points to a mixed but fairly balanced stance on Schindler, with price targets clustered in a narrow CHF 318 to CHF 326 range and ratings spread between Neutral and Buy.
RIEN
CHF 3.21
Rieter Holding
7D
7.6%
1Y
-96.2%

RIEN: Lower Discount Rate And High Future P/E Will Drive Bullish Outlook

Analysts have raised their CHF price target for Rieter Holding, citing updated fair value assumptions of 3.5, a lower discount rate of 5.81%, and revised expectations for revenue growth of 30.27%, a profit margin of 0.65%, and a very large future P/E multiple of about 70x. Valuation Changes Fair Value: CHF 3.3 updated to CHF 3.5, a small uplift in the assessed fair value level.
GF
CHF 42.26
Georg Fischer
7D
2.7%
1Y
-40.8%

GF: Higher Required Return Will Support Recovery Despite Lower Future P/E Assumptions

Analysts have trimmed their price target on Georg Fischer from CHF 68.50 to about CHF 63.66, citing updated assumptions that include a revised revenue growth outlook, a slightly higher discount rate, a modestly adjusted profit margin view and a lower future P/E multiple. Valuation Changes Fair Value: Trimmed from CHF 68.50 to about CHF 63.66, reflecting the updated set of assumptions.
VACN
CHF 503.40
VAT Group
7D
-0.6%
1Y
45.7%

VACN: Elevated Cycle Hopes Will Confront Rich Semiconductor Re Rating And Weak Non AI Demand

The analyst price target for VAT Group is updated to CHF 516.25 from CHF 469.88, reflecting recent Street research where several firms have lifted their CHF targets on the stock while maintaining generally neutral ratings. Analyst Commentary Recent research shows a wide spread in views on VAT Group, with several bullish analysts lifting price targets into the CHF 470 to CHF 620 range, while more cautious firms have moved to Underperform or expressed concerns at higher valuation levels.
BYS
CHF 214.50
Bystronic
7D
-2.9%
1Y
-33.6%
STGN
CHF 31.60
StarragTornos Group
7D
-2.8%
1Y
-16.8%
SRAIL
CHF 18.71
Stadler Rail
7D
2.7%
1Y
-17.9%

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