Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Real Estate Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies23
  • 7D-0.7%
  • 3M6.9%
  • 1Y21.1%
  • YTD9.2%

The Real Estate industry has stayed flat over the last week. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are forecast to decline by 6.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026CHF 37.6bCHF 2.8bCHF 2.0b14.6x18.3x13.2x
Tue, 10 Mar 2026CHF 38.7bCHF 2.8bCHF 2.1b16.3x18.2x13.8x
Thu, 05 Feb 2026CHF 38.6bCHF 2.8bCHF 2.1b15.2x18.4x13.8x
Sat, 03 Jan 2026CHF 36.0bCHF 2.8bCHF 2.1b14.4x17.2x12.8x
Mon, 01 Dec 2025CHF 35.9bCHF 2.8bCHF 2.1b14.4x17.3x12.9x
Wed, 29 Oct 2025CHF 35.0bCHF 2.8bCHF 2.1b14.9x16.8x12.5x
Fri, 26 Sep 2025CHF 31.7bCHF 2.8bCHF 2.1b14x14.9x11.4x
Sun, 24 Aug 2025CHF 31.8bCHF 2.8bCHF 1.7b15.5x18.8x11.2x
Tue, 22 Jul 2025CHF 33.9bCHF 2.9bCHF 1.5b18.3x22.9x11.8x
Thu, 19 Jun 2025CHF 34.6bCHF 2.9bCHF 1.5b17.8x23.3x12x
Sat, 17 May 2025CHF 32.9bCHF 2.9bCHF 1.5b18.5x22.1x11.4x
Mon, 14 Apr 2025CHF 30.7bCHF 2.9bCHF 1.5b17.2x21x10.7x
Wed, 12 Mar 2025CHF 29.9bCHF 2.9bCHF 1.4b17.9x22x10.1x
Fri, 07 Feb 2025CHF 29.7bCHF 2.9bCHF 813.4m28.1x36.5x10.3x
Sun, 05 Jan 2025CHF 28.6bCHF 2.9bCHF 813.6m28.2x35.2x9.9x
Tue, 03 Dec 2024CHF 27.5bCHF 2.9bCHF 817.6m26.8x33.7x9.6x
Thu, 31 Oct 2024CHF 26.8bCHF 2.9bCHF 824.1m26x32.5x9.3x
Sat, 28 Sep 2024CHF 26.9bCHF 2.9bCHF 814.0m25.2x33.1x9.4x
Mon, 26 Aug 2024CHF 26.9bCHF 3.0bCHF 584.8m32.8x46.1x9x
Wed, 24 Jul 2024CHF 25.7bCHF 3.0bCHF 289.5m37.9x88.8x8.6x
Fri, 21 Jun 2024CHF 24.9bCHF 3.0bCHF 302.5m37.5x82.3x8.4x
Sun, 19 May 2024CHF 25.5bCHF 3.0bCHF 280.6m37.1x90.7x8.5x
Tue, 16 Apr 2024CHF 25.5bCHF 3.0bCHF 260.0m34.7x98x8.5x
Thu, 14 Mar 2024CHF 25.3bCHF 3.0bCHF 358.5m34.8x70.6x8.4x
Sat, 10 Feb 2024CHF 25.0bCHF 3.2bCHF 586.3m27.5x42.7x7.9x
Mon, 08 Jan 2024CHF 25.5bCHF 3.3bCHF 714.3m27.7x35.7x7.7x
Wed, 06 Dec 2023CHF 25.3bCHF 3.3bCHF 717.5m26.2x35.3x7.6x
Fri, 03 Nov 2023CHF 24.9bCHF 3.3bCHF 749.9m25x33.2x7.4x
Sun, 01 Oct 2023CHF 24.6bCHF 3.4bCHF 748.7m24.9x32.9x7.3x
Tue, 29 Aug 2023CHF 24.6bCHF 3.3bCHF 1.1b17.4x22.2x7.4x
Thu, 27 Jul 2023CHF 24.6bCHF 3.2bCHF 1.6b14.4x15.1x7.6x
Sat, 24 Jun 2023CHF 23.4bCHF 3.2bCHF 1.6b14.3x14.4x7.2x
Mon, 22 May 2023CHF 24.1bCHF 3.2bCHF 1.8b12.9x13.5x7.4x
Wed, 19 Apr 2023CHF 24.3bCHF 3.4bCHF 1.8b12.8x13.8x7.2x
Price to Earnings Ratio

13.8x


Total Market Cap: CHF 24.3bTotal Earnings: CHF 1.8bTotal Revenue: CHF 3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Real Estate Sector Price to Earnings3Y Average 34.9x202420252026
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 18.3x which is lower than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 9.7x is lower than the industry's current PS ratio of 12.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 5.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% 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 Market1.81%
Real Estate-0.71%
Real Estate-0.71%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 34.9x.
    • Analysts are expecting annual earnings decline of 6.6%, which is lower than the prior year's growth of 45.1% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 34.9x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 6.6% 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 45% per year.
  • In contrast, the Real Estate industry is expected to see its earnings decline by 6.6% 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
IREN Investis HoldingCHF 158.501.9%
+CHF 38.3m		35.5%PE13.3x
ISN Intershop HoldingCHF 170.202.0%
+CHF 31.3m		30.9%PE7.4x
CHAM Cham Swiss PropertiesCHF 26.301.5%
+CHF 19.0m		n/aPE8.7x
MOBN Mobimo HoldingCHF 381.000.5%
+CHF 14.9m		26.2%PE14.7x
HIAG HIAG Immobilien HoldingCHF 139.200.7%
+CHF 10.1m		46.8%PE12.2x

Latest News

CHAM
CHF 26.30
Cham Swiss Properties
7D
1.5%
1Y
n/a
EPIC
CHF 90.60
EPIC Suisse
7D
0.9%
1Y
20.8%
SPSN
CHF 136.90
Swiss Prime Site
7D
-1.1%
1Y
24.1%

SPSN: Fair Value View Weighs UBS Upgrade Against Morgan Stanley Underweight

Narrative Update on Swiss Prime Site The analyst price target for Swiss Prime Site has been trimmed by CHF 0.52 to reflect a slightly lower fair value estimate of CHF 133.14, as analysts balance softer revenue growth assumptions with higher projected profit margins and a somewhat lower future P/E multiple, along with recent mixed ratings and target revisions from the Street. Analyst Commentary Recent Street research on Swiss Prime Site reflects a mix of cautious and more constructive views, with attention on valuation levels, growth assumptions and where the shares sit relative to analysts' price targets.
ISN
CHF 170.20
Intershop Holding
7D
2.0%
1Y
30.9%
VARN
CHF 14.30
Varia US Properties
7D
-12.8%
1Y
-31.6%
ZUGN
CHF 2,360.00
Zug Estates Holding
7D
-2.5%
1Y
12.4%
HIAG
CHF 139.20
HIAG Immobilien Holding
7D
0.7%
1Y
46.8%
IREN
CHF 158.50
Investis Holding
7D
1.9%
1Y
35.5%

Tight Housing Supply And Rising Financing Costs Will Restrain Long Term Returns

Catalysts About Investis Holding Investis Holding focuses on owning and managing residential real estate in the Lake Geneva region, with a portfolio centered on middle segment apartments. What are the underlying business or industry changes driving this perspective?
PSPN
CHF 158.10
PSP Swiss Property
7D
-2.1%
1Y
13.6%
PLAN
CHF 446.00
Plazza
7D
-1.8%
1Y
25.6%
FREN
CHF 17.95
Fundamenta Real Estate
7D
-3.8%
1Y
1.4%
SFPN
CHF 105.50
SF Urban Properties
7D
2.4%
1Y
10.8%
ALLN
CHF 227.00
Allreal Holding
7D
-0.7%
1Y
24.9%
MOBN
CHF 381.00
Mobimo Holding
7D
0.5%
1Y
26.2%
NREN
CHF 43.50
Novavest Real Estate
7D
1.2%
1Y
16.6%
PEAN
CHF 4.65
Peach Property Group
7D
-4.2%
1Y
-22.5%