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Swiss (SMI) Real Estate Sector Analysis

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies26
  • 7D0.9%
  • 3M-1.9%
  • 1Y9.1%
  • YTD0.9%

The Real Estate is pretty flat in the last 7 days, but PSP Swiss Property has stood out, gaining 3.0%. The past year has been better, since the industry has gained 8.9% in that time. Looking forward, earnings are forecast to decline by 6.3% per year.

Sector Valuation and Performance

Has the Swiss Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Aug 2026CHF 36.9bCHF 3.1bCHF 2.3b12.2x16.3x12x
Fri, 24 Jul 2026CHF 37.8bCHF 2.9bCHF 2.2b13.1x17.5x13.1x
Sun, 21 Jun 2026CHF 35.4bCHF 2.8bCHF 2.2b13x16x12.4x
Tue, 19 May 2026CHF 35.5bCHF 2.8bCHF 2.2b13.7x16.2x12.5x
Thu, 16 Apr 2026CHF 37.8bCHF 2.8bCHF 2.0b14.7x18.5x13.3x
Sat, 14 Mar 2026CHF 38.0bCHF 2.8bCHF 2.2b14.8x17.6x13.4x
Mon, 09 Feb 2026CHF 38.8bCHF 2.7bCHF 2.1b15.5x18.3x14.2x
Wed, 07 Jan 2026CHF 35.9bCHF 2.8bCHF 2.1b14.1x17.1x12.8x
Fri, 05 Dec 2025CHF 35.0bCHF 2.8bCHF 2.1b14.4x16.8x12.5x
Sun, 02 Nov 2025CHF 35.0bCHF 2.8bCHF 2.1b14.2x16.8x12.5x
Tue, 30 Sep 2025CHF 32.1bCHF 2.8bCHF 2.1b14.2x15.1x11.5x
Thu, 28 Aug 2025CHF 31.8bCHF 2.8bCHF 1.8b15.4x17.4x11.4x
Sat, 26 Jul 2025CHF 32.0bCHF 2.9bCHF 1.5b18.4x20.8x11.2x
Mon, 23 Jun 2025CHF 34.6bCHF 2.9bCHF 1.5b17.9x23.4x12.1x
Wed, 21 May 2025CHF 33.1bCHF 2.9bCHF 1.5b17.9x22.2x11.5x
Fri, 18 Apr 2025CHF 31.9bCHF 2.9bCHF 1.5b17.2x21.9x11.1x
Sun, 16 Mar 2025CHF 29.9bCHF 2.9bCHF 1.4b17.4x21.7x10.2x
Tue, 11 Feb 2025CHF 29.9bCHF 2.9bCHF 987.9m26.3x30.3x10.4x
Thu, 09 Jan 2025CHF 28.7bCHF 2.9bCHF 813.1m27.6x35.3x9.9x
Sat, 07 Dec 2024CHF 27.9bCHF 2.9bCHF 818.5m27.1x34.1x9.7x
Mon, 04 Nov 2024CHF 26.9bCHF 2.9bCHF 783.5m26.1x34.3x9.3x
Wed, 02 Oct 2024CHF 27.1bCHF 2.9bCHF 827.4m25.7x32.8x9.4x
Fri, 30 Aug 2024CHF 26.9bCHF 2.9bCHF 602.3m32.7x44.6x9.3x
Sun, 28 Jul 2024CHF 25.8bCHF 3.0bCHF 291.0m37.9x88.7x8.6x
Tue, 25 Jun 2024CHF 25.2bCHF 3.0bCHF 301.3m37.4x83.7x8.5x
Thu, 23 May 2024CHF 25.5bCHF 3.0bCHF 261.8m37.3x97.6x8.5x
Sat, 20 Apr 2024CHF 25.6bCHF 3.0bCHF 259.6m34.7x98.6x8.6x
Mon, 18 Mar 2024CHF 25.4bCHF 3.0bCHF 357.9m34.8x71x8.5x
Wed, 14 Feb 2024CHF 25.1bCHF 3.1bCHF 524.3m31x47.8x8x
Fri, 12 Jan 2024CHF 25.5bCHF 3.3bCHF 713.4m27.4x35.7x7.7x
Sun, 10 Dec 2023CHF 25.3bCHF 3.3bCHF 716.7m26x35.2x7.6x
Tue, 07 Nov 2023CHF 24.6bCHF 3.3bCHF 750.3m25x32.8x7.4x
Thu, 05 Oct 2023CHF 24.5bCHF 3.3bCHF 749.3m24.8x32.8x7.3x
Sat, 02 Sep 2023CHF 24.5bCHF 3.3bCHF 917.8m21.5x26.6x7.4x
Price to Earnings Ratio

26.6x


Total Market Cap: CHF 24.5bTotal Earnings: CHF 917.8mTotal Revenue: CHF 3.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Real Estate Sector Price to Earnings3Y Average 35.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Swiss Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.3x which is lower than its 3-year average PE of 35.2x.
  • The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 11.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 37% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Real Estate sector?

CH Market1.24%
Real Estate0.88%
Real Estate0.88%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 35.2x.
    • Analysts are expecting annual earnings decline of 6.3%, which is lower than the prior year's growth of 21.9% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 35.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 6.3% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 22% per year.
  • In contrast, the Real Estate industry is expected to see its earnings decline by 6.3% 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
PSPN PSP Swiss PropertyCHF 146.203.0%
+CHF 197.2m		8.9%PE14.9x
SPSN Swiss Prime SiteCHF 128.401.9%
+CHF 192.7m		14.4%PE25.1x
HIAG HIAG Immobilien HoldingCHF 133.808.1%
+CHF 101.1m		28.4%PE8.7x
MOBN Mobimo HoldingCHF 342.500.7%
+CHF 18.6m		7.7%PE12.1x
PLAN PlazzaCHF 432.000.7%
+CHF 6.2m		9.1%PE11.5x

Latest News

ALLN
CHF 198.80
Allreal Holding
7D
-2.1%
1Y
9.1%
CHAM
CHF 23.40
Cham Swiss Properties
7D
-2.5%
1Y
2.6%
SPSN
CHF 128.40
Swiss Prime Site
7D
1.9%
1Y
14.4%
Narrative Update • Aug 24

SPSN: Resilient Free Cash Flow Will Support Defensive Upside Despite Lower Rating

Analysts have reduced Swiss Prime Site's fair value estimate from CHF 160 to CHF 150, reflecting a lower CHF 125 Street price target and updated views on free cash flow resilience, rate sensitivity, and growth in contracted rents. What's in the News for Swiss Prime Site Swiss Prime Site held an Analyst and Investor Day on 2026-05-10, providing an update to the market on its business and portfolio.
PSPN
CHF 146.20
PSP Swiss Property
7D
3.0%
1Y
8.9%
Analysis Article • Aug 21

Analyst Estimates: Here's What Brokers Think Of PSP Swiss Property AG (VTX:PSPN) After Its Half-Year Report

Last week saw the newest half-yearly earnings release from PSP Swiss Property AG ( VTX:PSPN ), an important milestone...
HIAG
CHF 133.80
HIAG Immobilien Holding
7D
8.1%
1Y
28.4%
New Narrative • Aug 17

Capital Recycling And Data Center Projects Will Support Long Term Earnings Quality

Catalysts About HIAG Immobilien Holding HIAG Immobilien Holding focuses on developing, managing and recycling a Swiss real estate portfolio with an emphasis on residential, commercial and data center sites. What are the underlying business or industry changes driving this perspective?
MOBN
CHF 342.50
Mobimo Holding
7D
0.7%
1Y
7.7%
INFRAC
CHF 49.55
Infracore
7D
-1.7%
1Y
n/a
ZUBN
CHF 49.70
Züblin Immobilien Holding
7D
1.0%
1Y
4.0%
PEAN
CHF 4.54
Peach Property Group
7D
-6.4%
1Y
-32.7%
IREN
CHF 147.00
Investis Holding
7D
-1.3%
1Y
15.7%
EPH
€17.00
EPH European Property Holdings
7D
-10.5%
1Y
-30.9%
WARN
CHF 1,920.00
Warteck Invest
7D
0.3%
1Y
-3.0%
EPIC
CHF 83.60
EPIC Suisse
7D
-0.7%
1Y
0.7%
ISN
CHF 161.20
Intershop Holding
7D
-1.0%
1Y
4.5%
PLAN
CHF 432.00
Plazza
7D
0.7%
1Y
9.1%
FREN
CHF 16.85
Fundamenta Real Estate
7D
0.9%
1Y
-4.3%