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Swiss (SMI) Real Estate Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.8%
  • 3M-9.6%
  • 1Y7.9%
  • YTD2.0%

Over the last 7 days, the Real Estate industry has dropped 1.8%, driven by pullbacks in PSP Swiss Property and Swiss Prime Site of 5.0% and 3.2%, respectively. In contrast, Swiss Estates has gained 927%. In the past year, the industry has gained 7.9%. In the next few years, earnings are forecast to decline by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026CHF 35.1bCHF 2.8bCHF 2.2b13x15.9x12.3x
Sun, 03 May 2026CHF 37.1bCHF 2.8bCHF 2.2b14.5x17x13.1x
Tue, 31 Mar 2026CHF 37.1bCHF 3.0bCHF 2.1b14.4x17.9x12.5x
Thu, 26 Feb 2026CHF 39.5bCHF 2.8bCHF 2.1b15.9x18.9x14.1x
Sat, 24 Jan 2026CHF 37.3bCHF 2.8bCHF 2.1b15x17.9x13.3x
Mon, 22 Dec 2025CHF 35.7bCHF 2.8bCHF 2.1b14.7x17.1x12.7x
Wed, 19 Nov 2025CHF 35.3bCHF 2.8bCHF 2.1b14.1x17x12.6x
Fri, 17 Oct 2025CHF 34.8bCHF 2.8bCHF 2.1b14.6x16.7x12.4x
Sun, 14 Sep 2025CHF 32.2bCHF 2.9bCHF 1.9b14.1x16.7x11x
Tue, 12 Aug 2025CHF 32.2bCHF 2.9bCHF 1.6b18x20.4x11.1x
Thu, 10 Jul 2025CHF 33.9bCHF 2.9bCHF 1.5b18.3x22.8x11.8x
Sat, 07 Jun 2025CHF 33.0bCHF 2.9bCHF 1.5b17.8x22.3x11.5x
Mon, 05 May 2025CHF 32.9bCHF 2.9bCHF 1.5b17.7x21.9x11.4x
Wed, 02 Apr 2025CHF 31.2bCHF 2.9bCHF 1.4b17.7x22.1x10.8x
Fri, 28 Feb 2025CHF 29.7bCHF 2.9bCHF 1.2b21.5x25.7x10.2x
Sun, 26 Jan 2025CHF 29.1bCHF 2.9bCHF 811.8m28.1x35.8x10.1x
Tue, 24 Dec 2024CHF 28.2bCHF 2.9bCHF 814.3m27.4x34.7x9.8x
Thu, 21 Nov 2024CHF 26.8bCHF 2.9bCHF 776.7m25.7x34.6x9.3x
Sat, 19 Oct 2024CHF 27.2bCHF 2.9bCHF 823.0m25.7x33.1x9.4x
Mon, 16 Sep 2024CHF 27.4bCHF 2.9bCHF 811.6m25.5x33.8x9.5x
Wed, 14 Aug 2024CHF 26.2bCHF 3.0bCHF 326.0m36.2x80.5x8.7x
Fri, 12 Jul 2024CHF 26.0bCHF 3.0bCHF 296.8m37.9x87.6x8.7x
Sun, 09 Jun 2024CHF 25.1bCHF 3.0bCHF 285.9m37.7x87.8x8.4x
Tue, 07 May 2024CHF 25.5bCHF 3.0bCHF 259.5m35.3x98.2x8.5x
Thu, 04 Apr 2024CHF 25.7bCHF 3.0bCHF 262.7m36.9x97.8x8.6x
Sat, 02 Mar 2024CHF 25.2bCHF 3.0bCHF 382.1m34.2x65.9x8.4x
Mon, 29 Jan 2024CHF 25.5bCHF 3.3bCHF 711.6m27.1x35.8x7.7x
Wed, 27 Dec 2023CHF 25.7bCHF 3.3bCHF 725.7m26.9x35.4x7.7x
Fri, 24 Nov 2023CHF 25.0bCHF 3.4bCHF 770.0m26.2x32.4x7.5x
Sun, 22 Oct 2023CHF 24.2bCHF 3.3bCHF 753.1m24.7x32.1x7.2x
Tue, 19 Sep 2023CHF 24.8bCHF 3.3bCHF 795.4m26.1x31.2x7.4x
Thu, 17 Aug 2023CHF 24.5bCHF 3.2bCHF 1.6b15.3x15.3x7.6x
Sat, 15 Jul 2023CHF 24.3bCHF 3.2bCHF 1.6b14.4x14.9x7.5x
Mon, 12 Jun 2023CHF 23.9bCHF 3.2bCHF 1.7b14.6x14.5x7.4x
Price to Earnings Ratio

14.5x


Total Market Cap: CHF 23.9bTotal Earnings: CHF 1.7bTotal Revenue: CHF 3.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Real Estate Industry Price to Earnings3Y Average 35.1x202420252026
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 15.9x which is lower than its 3-year average PE of 35.1x.
  • The 3-year average PS ratio of 10.0x is lower than the industry's current PS ratio of 12.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 10% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.2% 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 industry?

CH Market-0.94%
Real Estate-1.78%
Real Estate-1.78%
Diversified Real Estate-1.06%
Real Estate Development-1.89%
Real Estate Operating Companies-1.95%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 28.3x.
    • Analysts are expecting annual earnings decline of 4.8%, which is lower than the prior year's growth of 53.1% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 56.8x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate Operating Companies industry since they expect its earnings to decline by only 4.8% 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 53% per year.
  • In contrast, the Real Estate Development industry is expected to see its earnings decline by 22% 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
SEAN Swiss EstatesCHF 5.24927.5%
+CHF 20.6m		155.6%PE7.9x
WARN Warteck InvestCHF 1.96k0.5%
+CHF 3.1m		-2.3%PE13.5x
ZUBN Züblin Immobilien HoldingCHF 52.601.2%
+CHF 2.0m		33.5%PE23.2x

Latest News

ZUBN
CHF 52.60
Züblin Immobilien Holding
7D
1.2%
1Y
33.5%
IREN
CHF 151.50
Investis Holding
7D
-1.3%
1Y
23.7%
SEAN
CHF 5.24
Swiss Estates
7D
927.5%
1Y
155.6%
SPSN
CHF 126.70
Swiss Prime Site
7D
-3.2%
1Y
8.0%
Narrative Update • May 28

SPSN: Fair Value View Weighs Neutral Coverage And Lower Sector Positioning

Analysts have trimmed Swiss Prime Site's price target to CHF 105 from CHF 110, citing a slightly lower assumed discount rate and a modestly reduced future P/E multiple, while keeping core growth and profitability assumptions broadly unchanged. Analyst Commentary Recent research coverage around Swiss Prime Site reflects a mixed view, with some analysts comfortable sitting on the sidelines and others taking a more cautious stance on valuation and future execution.
WARN
CHF 1,955.00
Warteck Invest
7D
0.5%
1Y
-2.3%
PSPN
CHF 141.40
PSP Swiss Property
7D
-5.0%
1Y
-2.3%
ALLN
CHF 203.00
Allreal Holding
7D
-3.1%
1Y
8.1%
MOBN
CHF 337.50
Mobimo Holding
7D
-4.9%
1Y
4.7%
CHAM
CHF 24.10
Cham Swiss Properties
7D
-2.0%
1Y
8.1%
EPIC
CHF 82.20
EPIC Suisse
7D
-2.1%
1Y
1.5%
ISN
CHF 175.60
Intershop Holding
7D
-2.1%
1Y
28.2%