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Swiss (SMI) Materials Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies10
  • 7D0.1%
  • 3M-4.7%
  • 1Y-22.4%
  • YTD-4.6%

In the last week, the Materials industry is flat overall, with Amrize standing out by going down 3.6%. As for the longer term, the industry has declined 22% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

Has the Swiss Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026CHF 136.6bCHF 53.9bCHF 3.7b25.4x37.1x2.5x
Mon, 06 Apr 2026CHF 130.2bCHF 54.2bCHF 3.7b25.4x34.9x2.4x
Wed, 04 Mar 2026CHF 137.9bCHF 54.1bCHF 3.9b27.2x34.9x2.5x
Fri, 30 Jan 2026CHF 138.2bCHF 64.9bCHF 7.1b24.7x19.6x2.1x
Sun, 28 Dec 2025CHF 141.0bCHF 65.2bCHF 7.1b22.5x19.9x2.2x
Tue, 25 Nov 2025CHF 135.2bCHF 65.5bCHF 7.1b20.6x19x2.1x
Thu, 23 Oct 2025CHF 139.5bCHF 65.3bCHF 7.1b22.7x19.6x2.1x
Sat, 20 Sep 2025CHF 139.6bCHF 65.3bCHF 7.1b23.6x19.6x2.1x
Mon, 18 Aug 2025CHF 144.4bCHF 65.6bCHF 7.2b24.8x20x2.2x
Wed, 16 Jul 2025CHF 149.6bCHF 66.3bCHF 7.1b31.7x21x2.3x
Fri, 13 Jun 2025CHF 150.7bCHF 57.0bCHF 6.1b34.1x24.6x2.6x
Sun, 11 May 2025CHF 146.8bCHF 59.4bCHF 6.0b34.1x24.6x2.5x
Tue, 08 Apr 2025CHF 128.9bCHF 59.4bCHF 6.0b29.8x21.6x2.2x
Thu, 06 Mar 2025CHF 156.8bCHF 59.8bCHF 5.9b30.7x26.5x2.6x
Sat, 01 Feb 2025CHF 153.4bCHF 60.1bCHF 6.0b29.6x25.7x2.6x
Mon, 30 Dec 2024CHF 146.5bCHF 59.8bCHF 5.9b28x24.8x2.5x
Wed, 27 Nov 2024CHF 148.4bCHF 59.7bCHF 5.9b29.5x25.1x2.5x
Fri, 25 Oct 2024CHF 153.4bCHF 59.8bCHF 5.9b33.4x26x2.6x
Sun, 22 Sep 2024CHF 159.0bCHF 59.9bCHF 5.9b29.2x26.8x2.7x
Tue, 20 Aug 2024CHF 154.3bCHF 60.1bCHF 5.9b30.3x26x2.6x
Thu, 18 Jul 2024CHF 158.0bCHF 60.4bCHF 5.7b28.4x27.6x2.6x
Sat, 15 Jun 2024CHF 155.5bCHF 60.3bCHF 5.7b26.5x27.1x2.6x
Mon, 13 May 2024CHF 160.0bCHF 60.4bCHF 5.7b29.3x27.9x2.6x
Wed, 10 Apr 2024CHF 154.4bCHF 60.5bCHF 5.6b28.6x27.4x2.6x
Fri, 08 Mar 2024CHF 147.0bCHF 60.9bCHF 5.9b30.2x24.9x2.4x
Sun, 04 Feb 2024CHF 137.0bCHF 61.7bCHF 5.7b31x23.9x2.2x
Tue, 02 Jan 2024CHF 146.9bCHF 62.1bCHF 5.8b34.5x25.3x2.4x
Thu, 30 Nov 2023CHF 136.3bCHF 62.3bCHF 5.8b31.9x23.5x2.2x
Sat, 28 Oct 2023CHF 124.9bCHF 62.3bCHF 5.8b30.1x21.5x2x
Mon, 25 Sep 2023CHF 131.1bCHF 62.0bCHF 5.8b30.8x22.8x2.1x
Wed, 23 Aug 2023CHF 130.7bCHF 62.0bCHF 5.8b29.3x22.5x2.1x
Fri, 21 Jul 2023CHF 137.7bCHF 63.8bCHF 6.0b34.2x23.1x2.2x
Sun, 18 Jun 2023CHF 138.4bCHF 64.0bCHF 5.9b34.2x23.3x2.2x
Tue, 16 May 2023CHF 139.3bCHF 63.9bCHF 5.9b34.1x23.5x2.2x
Price to Earnings Ratio

23.5x


Total Market Cap: CHF 139.3bTotal Earnings: CHF 5.9bTotal Revenue: CHF 63.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Materials Sector Price to Earnings3Y Average 24.5x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.1x which is higher than its 3-year average PE of 24.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 15% per year over the last three years,
  • Revenues have also declined 5.5% 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 Materials sector?

CH Market0.066%
Materials0.13%
Packaging2.92%
Basic Materials0.23%
Metals and Mining0%0
Paper and Forestry Products0%0
Chemicals-0.20%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 16.3x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 39.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 165% per year.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 8.3% 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
HOLN HolcimCHF 74.302.5%
+CHF 1.0b		-21.3%PE105.6x
SIGN SIG GroupCHF 13.063.1%
+CHF 149.0m		-20.1%PS1.7x
SIKA SikaCHF 144.200.3%
+CHF 80.2m		-30.4%PE22.2x
CPHN CPH GroupCHF 59.803.8%
+CHF 13.2m		-9.1%PE15.3x
VETN Vetropack HoldingCHF 20.300.2%
+CHF 991.2k		-31.4%PE105.9x

Latest News

CLN
CHF 7.86
Clariant
7D
-2.3%
1Y
-15.2%
AMRZ
CHF 41.21
Amrize
7D
-3.6%
1Y
n/a
HOLN
CHF 74.30
Holcim
7D
2.5%
1Y
-21.3%
Narrative Update • May 04

HOLN: Cement Pricing And Electrification Projects Will Shape Fairly Balanced Upside

The analyst price target for Holcim has been adjusted slightly higher to reflect a fair value of about CHF 78.70, with analysts pointing to recent upgrades and target raises, supported by steady assumptions for revenue growth, margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts are citing recent upgrades and resumed coverage with positive ratings as support for the idea that Holcim's execution on its strategy is being recognized in current valuation assumptions.
SIKA
CHF 144.20
Sika
7D
0.3%
1Y
-30.4%
Narrative Update • May 03

SIKA: Lower Future P/E Assumptions Will Pressure Earnings-Based Upside Potential

The analyst fair value estimate for Sika has been revised from CHF 140 to CHF 125, reflecting a series of recent changes in Street price targets as analysts reassess their assumptions on growth and P/E multiples. Analyst Commentary Recent Street research shows a mixed but generally cautious tone around Sika, with several bearish analysts trimming price targets and flagging risks around growth expectations and valuation.
GIVN
CHF 2,779.00
Givaudan
7D
-0.2%
1Y
-31.0%
Narrative Update • May 02

GIVN: Fair Outlook Will Reflect Split Bank Views And AI Beauty Push

Givaudan's analyst price target has been reset from CHF 2,875 to CHF 2,800, as analysts weigh recent upgrades alongside a mix of smaller target increases and larger reductions from major banks. Analyst Commentary Recent Street research around Givaudan has been mixed, with some upgrades and modest price target increases sitting alongside a series of larger cuts and downgrades from major banks.
SIGN
CHF 13.06
SIG Group
7D
3.1%
1Y
-20.1%
Narrative Update • May 01

SIGN: Execution On Cost Cuts And Capex Discipline Will Support Re Rating

Narrative update on SIG Group The updated analyst price target on SIG Group moves to CHF 18.33 from CHF 17.28. Analysts point to slightly higher assumed profit margins, a modestly adjusted discount rate, and a refined future P/E assumption that reflects the latest mix of Street views, including recent target changes and rating shifts.
GURN
CHF 34.10
Gurit Holding
7D
-8.1%
1Y
150.4%
Narrative Update • Apr 24

GURN: New Wind And Subsea Contracts Will Still Leave Shares Overvalued

Analysts now keep their CHF 23.21 price target for Gurit Holding broadly in line with previous views, as slightly higher discount rate assumptions, lower revenue growth and profit margin expectations, and a higher future P/E estimate offset each other in their updated models. What's in the News Signed a new two year supply contract for glass pultruded blade root reinforcement solutions with a wind turbine manufacturer in the Asia Pacific region, valued above CHF 10 million (Key Developments).
VETN
CHF 20.30
Vetropack Holding
7D
0.2%
1Y
-31.4%
CPHN
CHF 59.80
CPH Group
7D
3.8%
1Y
-9.1%
EMSN
CHF 661.50
EMS-CHEMIE HOLDING
7D
-0.5%
1Y
12.7%