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Swiss (SMI) Materials Sector Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies10
  • 7D0.4%
  • 3M-1.9%
  • 1Y-21.1%
  • YTD-3.6%

Over the last 7 days, the Materials industry has dropped 2.8%, driven by a pullback from Amrize of 8.5%. Overall the industry is down 24% in 12 months. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026CHF 138.1bCHF 54.0bCHF 3.7b26.1x37.5x2.6x
Sat, 04 Apr 2026CHF 130.2bCHF 54.2bCHF 3.7b25.4x34.9x2.4x
Mon, 02 Mar 2026CHF 144.0bCHF 53.9bCHF 3.9b28.3x36.6x2.7x
Wed, 28 Jan 2026CHF 141.0bCHF 64.9bCHF 7.1b24.8x20x2.2x
Fri, 26 Dec 2025CHF 141.0bCHF 65.2bCHF 7.1b22.6x19.9x2.2x
Sun, 23 Nov 2025CHF 133.2bCHF 65.5bCHF 7.1b20.3x18.7x2x
Tue, 21 Oct 2025CHF 138.4bCHF 65.3bCHF 7.1b22.7x19.4x2.1x
Thu, 18 Sep 2025CHF 141.9bCHF 65.2bCHF 7.1b25.4x19.9x2.2x
Sat, 16 Aug 2025CHF 144.4bCHF 65.6bCHF 7.2b24.8x20x2.2x
Mon, 14 Jul 2025CHF 150.2bCHF 66.3bCHF 7.1b31.9x21.1x2.3x
Wed, 11 Jun 2025CHF 152.6bCHF 57.0bCHF 6.1b34.9x24.9x2.7x
Fri, 09 May 2025CHF 146.6bCHF 59.4bCHF 6.0b33.8x24.6x2.5x
Sun, 06 Apr 2025CHF 137.3bCHF 59.4bCHF 6.0b32.3x23.1x2.3x
Tue, 04 Mar 2025CHF 156.6bCHF 59.7bCHF 5.9b30.9x26.4x2.6x
Thu, 30 Jan 2025CHF 152.6bCHF 60.1bCHF 6.0b29.5x25.5x2.5x
Sat, 28 Dec 2024CHF 146.5bCHF 59.8bCHF 5.9b28x24.8x2.5x
Mon, 25 Nov 2024CHF 151.0bCHF 59.7bCHF 5.9b30.1x25.5x2.5x
Wed, 23 Oct 2024CHF 155.1bCHF 59.8bCHF 5.9b33.8x26.3x2.6x
Fri, 20 Sep 2024CHF 161.2bCHF 59.9bCHF 5.9b29.8x27.1x2.7x
Sun, 18 Aug 2024CHF 152.8bCHF 60.1bCHF 5.9b29.7x25.7x2.5x
Tue, 16 Jul 2024CHF 158.2bCHF 60.4bCHF 5.7b27.8x27.6x2.6x
Thu, 13 Jun 2024CHF 158.5bCHF 60.4bCHF 5.7b27.3x27.6x2.6x
Sat, 11 May 2024CHF 160.0bCHF 60.4bCHF 5.7b29.3x27.9x2.6x
Mon, 08 Apr 2024CHF 154.4bCHF 60.5bCHF 5.6b28.8x27.4x2.6x
Wed, 06 Mar 2024CHF 143.1bCHF 60.9bCHF 5.9b29.7x24.2x2.4x
Fri, 02 Feb 2024CHF 140.5bCHF 62.1bCHF 5.8b33.5x24.1x2.3x
Sun, 31 Dec 2023CHF 146.9bCHF 62.1bCHF 5.8b34.5x25.3x2.4x
Tue, 28 Nov 2023CHF 135.6bCHF 62.4bCHF 5.8b32.1x23.4x2.2x
Thu, 26 Oct 2023CHF 122.9bCHF 62.2bCHF 5.8b29.5x21.2x2x
Sat, 23 Sep 2023CHF 131.1bCHF 62.0bCHF 5.8b30.8x22.8x2.1x
Mon, 21 Aug 2023CHF 131.4bCHF 62.0bCHF 5.8b31.7x22.6x2.1x
Wed, 19 Jul 2023CHF 136.6bCHF 63.9bCHF 5.9b33.7x23x2.1x
Fri, 16 Jun 2023CHF 137.6bCHF 64.0bCHF 5.9b34.2x23.1x2.2x
Sun, 14 May 2023CHF 139.4bCHF 63.9bCHF 5.9b34.1x23.5x2.2x
Price to Earnings Ratio

23.5x


Total Market Cap: CHF 139.4bTotal 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 36.4x 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 5.4% 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 Market2.30%
Materials0.35%
Packaging8.28%
Chemicals1.24%
Metals and Mining0%0
Paper and Forestry Products0%0
Basic Materials-1.20%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 21.4%, 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 8.4% 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 74.102.0%
+CHF 818.6m		-20.2%PE105.4x
SIKA SikaCHF 146.502.4%
+CHF 561.5m		-28.3%PE22.5x
SIGN SIG GroupCHF 13.169.6%
+CHF 439.4m		-17.6%PS1.7x
EMSN EMS-CHEMIE HOLDINGCHF 674.501.9%
+CHF 292.4m		11.3%PE33.8x
CLN ClariantCHF 8.253.4%
+CHF 88.8m		-9.0%PS0.7x

Latest News

AMRZ
CHF 42.48
Amrize
7D
-6.4%
1Y
n/a
HOLN
CHF 74.10
Holcim
7D
2.0%
1Y
-20.2%
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 146.50
Sika
7D
2.4%
1Y
-28.3%
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.
CLN
CHF 8.25
Clariant
7D
3.4%
1Y
-9.0%
Narrative Update • May 02

CLN: Trimmed Assumptions And Downgrades Will Shape Measured Forward Expectations

Analysts have trimmed their price target on Clariant by CHF 0.09 to reflect updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, in line with recent research that includes a downgrade from some firms. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value and discount rate assumptions as more realistic.
GIVN
CHF 2,778.00
Givaudan
7D
-0.4%
1Y
-30.3%
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 13.16
SIG Group
7D
9.6%
1Y
-17.6%
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 35.50
Gurit Holding
7D
-0.8%
1Y
153.9%
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 20.00
Vetropack Holding
7D
-0.5%
1Y
-32.5%
CPHN
CHF 59.40
CPH Group
7D
1.4%
1Y
-10.5%
EMSN
CHF 674.50
EMS-CHEMIE HOLDING
7D
1.9%
1Y
11.3%