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Swiss (SMI) Materials Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies10
  • 7D-5.1%
  • 3M-7.6%
  • 1Y-32.3%
  • YTD-9.6%

Over the last 7 days, the Materials industry has dropped 5.4%, and Sika contributed the most with a 8.1% decline. On the other hand Gurit Holding is actually up 36%. The industry has fallen 32% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026CHF 129.6bCHF 53.9bCHF 3.7b26.5x34.9x2.4x
Sun, 08 Feb 2026CHF 142.2bCHF 64.9bCHF 7.1b24.9x20.2x2.2x
Tue, 06 Jan 2026CHF 142.1bCHF 65.3bCHF 7.1b23.5x20x2.2x
Thu, 04 Dec 2025CHF 138.0bCHF 65.4bCHF 7.1b20.9x19.4x2.1x
Sat, 01 Nov 2025CHF 136.6bCHF 65.4bCHF 7.1b21.1x19.2x2.1x
Mon, 29 Sep 2025CHF 134.2bCHF 65.3bCHF 7.1b22x18.8x2.1x
Wed, 27 Aug 2025CHF 144.7bCHF 65.5bCHF 7.1b24.6x20.3x2.2x
Fri, 25 Jul 2025CHF 150.2bCHF 66.3bCHF 7.1b28.5x21x2.3x
Sun, 22 Jun 2025CHF 146.2bCHF 57.0bCHF 6.1b31.9x23.8x2.6x
Tue, 20 May 2025CHF 151.7bCHF 59.4bCHF 6.0b34.9x25.5x2.6x
Thu, 17 Apr 2025CHF 138.0bCHF 59.3bCHF 6.0b31.7x23.2x2.3x
Sat, 15 Mar 2025CHF 156.1bCHF 59.8bCHF 5.9b30.1x26.4x2.6x
Mon, 10 Feb 2025CHF 153.3bCHF 60.0bCHF 6.0b29.5x25.6x2.6x
Wed, 08 Jan 2025CHF 146.7bCHF 59.8bCHF 5.9b28x24.8x2.5x
Fri, 06 Dec 2024CHF 151.1bCHF 59.7bCHF 5.9b29.7x25.6x2.5x
Sun, 03 Nov 2024CHF 154.0bCHF 59.8bCHF 5.9b32.5x26x2.6x
Tue, 01 Oct 2024CHF 163.7bCHF 59.9bCHF 5.9b31.7x27.6x2.7x
Thu, 29 Aug 2024CHF 157.4bCHF 59.9bCHF 5.9b30.3x26.5x2.6x
Sat, 27 Jul 2024CHF 158.0bCHF 60.5bCHF 5.8b29.2x27.2x2.6x
Mon, 24 Jun 2024CHF 155.2bCHF 60.3bCHF 5.7b26.9x27.1x2.6x
Wed, 22 May 2024CHF 160.2bCHF 60.5bCHF 5.7b29.6x28x2.6x
Fri, 19 Apr 2024CHF 151.4bCHF 60.4bCHF 5.6b28.6x26.9x2.5x
Sun, 17 Mar 2024CHF 151.2bCHF 60.4bCHF 5.7b30.8x26.7x2.5x
Tue, 13 Feb 2024CHF 138.0bCHF 61.6bCHF 5.7b31.8x24.2x2.2x
Thu, 11 Jan 2024CHF 139.1bCHF 62.2bCHF 5.8b33x24x2.2x
Sat, 09 Dec 2023CHF 140.7bCHF 62.3bCHF 5.8b32.9x24.3x2.3x
Mon, 06 Nov 2023CHF 130.2bCHF 62.4bCHF 5.8b30.3x22.5x2.1x
Wed, 04 Oct 2023CHF 129.2bCHF 62.0bCHF 5.8b30.3x22.4x2.1x
Fri, 01 Sep 2023CHF 134.5bCHF 62.1bCHF 5.8b30.3x23.2x2.2x
Sun, 30 Jul 2023CHF 141.6bCHF 62.2bCHF 6.1b36x23.2x2.3x
Tue, 27 Jun 2023CHF 133.9bCHF 64.0bCHF 5.9b32.2x22.5x2.1x
Thu, 25 May 2023CHF 135.8bCHF 63.9bCHF 5.9b32.8x22.9x2.1x
Sat, 22 Apr 2023CHF 141.0bCHF 63.9bCHF 5.9b34.7x23.8x2.2x
Mon, 20 Mar 2023CHF 135.6bCHF 63.9bCHF 5.9b33.4x22.8x2.1x
Price to Earnings Ratio

22.8x


Total Market Cap: CHF 135.6bTotal Earnings: CHF 5.9bTotal Revenue: CHF 63.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Materials Sector Price to Earnings3Y Average 23.8x202420252026
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 35.1x which is higher than its 3-year average PE of 23.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 14% 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 Market-3.00%
Materials-5.10%
Paper and Forestry Products2.54%
Packaging1.15%
Metals and Mining0%0
Chemicals-3.55%
Basic Materials-7.28%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings decline of 40.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 8.8% 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
EMSN EMS-CHEMIE HOLDINGCHF 630.001.3%
+CHF 187.1m		-4.2%PE31.6x
GURN Gurit HoldingCHF 34.0038.8%
+CHF 44.4m		114.1%PS0.5x
SIGN SIG GroupCHF 12.000.9%
+CHF 42.0m		-33.9%PS1.6x
CLN ClariantCHF 7.710.9%
+CHF 21.4m		-25.0%PS0.6x
VETN Vetropack HoldingCHF 21.303.6%
+CHF 14.9m		-24.7%PE111.1x

Latest News

VETN
CHF 21.30
Vetropack Holding
7D
3.6%
1Y
-24.7%
CPHN
CHF 64.60
CPH Group
7D
2.5%
1Y
-8.5%
GURN
CHF 34.00
Gurit Holding
7D
38.8%
1Y
114.1%
AMRZ
CHF 44.64
Amrize
7D
-6.8%
1Y
n/a
CLN
CHF 7.71
Clariant
7D
0.9%
1Y
-25.0%
HOLN
CHF 62.06
Holcim
7D
-7.6%
1Y
-36.5%

HOLN: Cement Pricing Resilience In Europe Will Drive Rebound Potential

Our revised fair value estimate for Holcim has risen from CHF 70 to CHF 93. This reflects analysts' updated price targets in the CHF 72 to CHF 80 range and their view that recent share weakness has been overdone, while near term cement pricing in Europe is expected to hold.
SIKA
CHF 137.15
Sika
7D
-6.8%
1Y
-40.2%

SIKA: Execution On Efficiency And AI Partnership Will Shape Future P/E

Our Sika fair value remains at CHF 140, reflecting lower Street price targets clustered around CHF 140 to CHF 170 and analyst updates to growth, margins, and the assumed future P/E multiple. Analyst Commentary Recent Street research on Sika has converged around a tighter range of price targets, broadly between CHF 140 and CHF 190.
GIVN
CHF 2,786.00
Givaudan
7D
-3.9%
1Y
-31.3%

GIVN: Fair Stance Will Weigh Dividend Support Against Cautious Bank Views

Analysts have trimmed their Givaudan price targets by up to several hundred CHF, reflecting slightly lower assumptions for revenue growth and profit margins while keeping fair value broadly anchored around CHF 2,900 as they adjust discount rate and P/E inputs. Analyst Commentary Recent Street research on Givaudan skews cautious, with several bearish analysts cutting price targets by CHF 150 to CHF 400 as they reset their expectations around revenue growth, margins, and the appropriate P/E to pay for the shares.
SIGN
CHF 12.00
SIG Group
7D
0.9%
1Y
-33.9%

SIGN: Execution Risks Around Cost Cuts And Asset Disposals Will Pressure Earnings

The analyst price target for SIG Group has increased to CHF 13.20 from CHF 12, with analysts citing updated views on fair value, margins and growth. They also highlight the need for clearer evidence on cost cuts, capex discipline and potential non core asset disposals.
EMSN
CHF 630.00
EMS-CHEMIE HOLDING
7D
1.3%
1Y
-4.2%