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Swiss (SMI) Machinery Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.7%
  • 3M0.2%
  • 1Y-6.0%
  • YTD0.6%

Over the last 7 days, the Machinery industry has dropped 1.7%, driven by a pullback from VAT Group of 5.4%. In contrast, Komax Holding has gained 24%. Overall the industry is down 6.0% in 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026CHF 71.3bCHF 33.5bCHF 2.3b21.3x31.6x2.1x
Fri, 17 Jul 2026CHF 74.9bCHF 33.4bCHF 2.2b24.9x33.6x2.2x
Sun, 14 Jun 2026CHF 72.5bCHF 33.4bCHF 2.2b24.1x32.6x2.2x
Tue, 12 May 2026CHF 71.8bCHF 33.4bCHF 2.2b25.2x32.4x2.1x
Thu, 09 Apr 2026CHF 69.6bCHF 33.6bCHF 2.2b23.3x31.5x2.1x
Sat, 07 Mar 2026CHF 70.7bCHF 33.2bCHF 2.2b24.8x32.2x2.1x
Mon, 02 Feb 2026CHF 77.2bCHF 37.9bCHF 2.4b25.8x31.8x2x
Wed, 31 Dec 2025CHF 73.5bCHF 37.9bCHF 2.4b29.1x30.2x1.9x
Fri, 28 Nov 2025CHF 70.3bCHF 38.0bCHF 2.4b29x28.9x1.9x
Sun, 26 Oct 2025CHF 71.7bCHF 38.0bCHF 2.5b19.6x29.2x1.9x
Tue, 23 Sep 2025CHF 73.4bCHF 38.1bCHF 2.5b20.2x29.9x1.9x
Thu, 21 Aug 2025CHF 73.8bCHF 38.0bCHF 2.5b22.6x30x1.9x
Sat, 19 Jul 2025CHF 69.3bCHF 34.7bCHF 2.3b20.8x30.4x2x
Mon, 16 Jun 2025CHF 68.0bCHF 34.7bCHF 2.3b20.3x29.8x2x
Wed, 14 May 2025CHF 67.9bCHF 34.6bCHF 2.3b20.9x29.9x2x
Fri, 11 Apr 2025CHF 58.9bCHF 34.5bCHF 2.2b17.8x26.2x1.7x
Sun, 09 Mar 2025CHF 68.6bCHF 35.2bCHF 2.4b20x28.5x1.9x
Tue, 04 Feb 2025CHF 66.1bCHF 35.4bCHF 2.5b20x26.8x1.9x
Thu, 02 Jan 2025CHF 63.3bCHF 35.4bCHF 2.5b19.4x25.7x1.8x
Sat, 30 Nov 2024CHF 64.5bCHF 35.4bCHF 2.5b19.7x26.2x1.8x
Mon, 28 Oct 2024CHF 66.0bCHF 35.4bCHF 2.5b20.9x26.8x1.9x
Wed, 25 Sep 2024CHF 66.5bCHF 35.4bCHF 2.4b20.7x27.2x1.9x
Fri, 23 Aug 2024CHF 66.6bCHF 35.4bCHF 2.4b21.9x27.3x1.9x
Sun, 21 Jul 2024CHF 66.6bCHF 36.0bCHF 2.6b19.7x25.8x1.9x
Tue, 18 Jun 2024CHF 68.4bCHF 36.3bCHF 2.6b18.9x26.3x1.9x
Thu, 16 May 2024CHF 70.0bCHF 36.3bCHF 2.6b21x27x1.9x
Sat, 13 Apr 2024CHF 66.6bCHF 36.4bCHF 2.6b21.6x25.9x1.8x
Mon, 11 Mar 2024CHF 72.6bCHF 40.6bCHF 2.8b20.3x25.8x1.8x
Wed, 07 Feb 2024CHF 66.1bCHF 41.3bCHF 2.9b16.1x23.2x1.6x
Fri, 05 Jan 2024CHF 64.8bCHF 41.5bCHF 2.9b15.7x22.6x1.6x
Sun, 03 Dec 2023CHF 63.8bCHF 41.5bCHF 2.9b15.4x22.2x1.5x
Tue, 31 Oct 2023CHF 56.2bCHF 41.5bCHF 2.9b13.9x19.7x1.4x
Thu, 28 Sep 2023CHF 59.5bCHF 41.6bCHF 2.8b15.4x21.2x1.4x
Sat, 26 Aug 2023CHF 62.1bCHF 41.8bCHF 2.8b16.6x22.3x1.5x
Price to Earnings Ratio

22.3x


Total Market Cap: CHF 62.1bTotal Earnings: CHF 2.8bTotal Revenue: CHF 41.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Machinery Industry Price to Earnings3Y Average 27.7x202420252026
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 31.6x which is higher than its 3-year average PE of 27.7x.
  • The 3-year average PS ratio of 1.9x 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 6.8% per year over the last three years,
  • Revenues have also declined 7.1% 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 Market-1.61%
Industrials-1.90%
Machinery-1.73%
Industrial Machinery-1.65%
Construction Machinery and Vehicles-2.74%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 29.5x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 1.5% 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 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 54% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 15% 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
KOMN Komax HoldingCHF 74.9023.6%
+CHF 73.3m		-12.9%PS0.7x
OERL OC OerlikonCHF 5.022.2%
+CHF 35.9m		65.7%PE58.5x
BYS BystronicCHF 140.403.4%
+CHF 9.5m		-62.0%PS0.5x
ADVN Adval Tech HoldingCHF 44.002.3%
+CHF 730.0k		7.3%PS0.2x
PEDU Perrot Duval HoldingCHF 83.006.4%
+CHF 672.5k		48.2%PS0.8x

Latest News

KOMN
CHF 74.90
Komax Holding
7D
23.6%
1Y
-12.9%
Analysis Article • Aug 16

Komax Holding AG (VTX:KOMN) Just Reported And Analysts Have Been Lifting Their Price Targets

Shareholders will be ecstatic, with their stake up 35% over the past week following Komax Holding AG 's ( VTX:KOMN...
OERL
CHF 5.02
OC Oerlikon
7D
2.2%
1Y
65.7%
KARN
CHF 240.50
Kardex Holding
7D
-3.4%
1Y
-26.1%
Narrative Update • Aug 12

KARN: Strong Execution And Margin Outlook Will Support Future Upside

The updated analyst price target for Kardex Holding has increased from CHF 402 to about CHF 444. Analysts cite stronger assumptions for revenue growth and profit margins, while still applying a more moderate future P/E multiple and taking into account recent target reductions from Berenberg and Jefferies to CHF 350 and CHF 325 respectively.
DAE
CHF 131.80
Dätwyler Holding
7D
-3.4%
1Y
-2.4%
Narrative Update • Aug 10

DAE: Higher Implied Earnings Quality Will Support Stronger Long-Term Return Prospects

Analysts have trimmed their price target for Dätwyler Holding to about CHF 177 from CHF 188, reflecting updated assumptions for slightly lower revenue growth, a modestly lower discount rate and a marginally reduced future P/E, partly offset by a small improvement in expected profit margins. What’s in the News for Dätwyler Holding No recent company specific news items were identified from the provided sources as of 10 Aug 2026.
SFSN
CHF 130.00
SFS Group
7D
-1.2%
1Y
19.5%
SCHN
CHF 249.50
Schindler Holding
7D
-1.2%
1Y
-15.9%
BYS
CHF 140.40
Bystronic
7D
3.4%
1Y
-62.0%
VACN
CHF 608.40
VAT Group
7D
-5.4%
1Y
123.8%
Narrative Update • Aug 04

VACN: Rising Confidence In Earnings Power Should Support Further Re Rating

Analysts have lifted their fair value estimate for VAT Group to CHF 850 from CHF 806. This reflects recent increases in Street price targets across several firms and updated assumptions on revenue growth, discount rate and future P/E.
SUN
CHF 149.00
Sulzer
7D
-3.1%
1Y
-2.5%
Analysis Article • Jul 31

Here's What Analysts Are Forecasting For Sulzer AG (VTX:SUN) After Its Half-Year Results

It's been a good week for Sulzer AG ( VTX:SUN ) shareholders, because the company has just released its latest...
BCHN
CHF 496.50
Burckhardt Compression Holding
7D
-4.7%
1Y
-30.8%
PEDU
CHF 83.00
Perrot Duval Holding
7D
6.4%
1Y
48.2%
SRAIL
CHF 23.44
Stadler Rail
7D
-3.9%
1Y
3.7%
Narrative Update • Jun 17

SRAIL: Order Backlog Execution And 2026 Margin Delivery Will Shape Fair Value

The latest narrative update on Stadler Rail reflects a stable analyst fair value at CHF 23.50, with only modest tweaks to the discount rate and valuation inputs. Analysts are weighing a recent UBS upgrade against a small CHF 0.90 price target cut from JPMorgan, along with more constructive commentary from Oddo BHF.
ADVN
CHF 44.00
Adval Tech Holding
7D
2.3%
1Y
7.3%