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Swiss (SMI) Telecom Sector Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies7
  • 7D-2.8%
  • 3M-8.6%
  • 1Y2.7%
  • YTD0.4%

Over the last 7 days, the Telecom industry has dropped 2.8%, driven by a pullback from Swisscom of 4.0%. Meanwhile, SMG Swiss Marketplace Group Holding actually outperformed within the industry, gaining 12% in the last week. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026CHF 39.3bCHF 19.8bCHF 1.2b25.7x32.6x2x
Tue, 02 Jun 2026CHF 42.6bCHF 19.8bCHF 1.2b28x35.3x2.1x
Thu, 30 Apr 2026CHF 41.8bCHF 20.5bCHF 1.3b26.5x33.3x2x
Sat, 28 Mar 2026CHF 42.6bCHF 20.5bCHF 1.3b27.2x34x2.1x
Mon, 23 Feb 2026CHF 45.5bCHF 20.5bCHF 1.2b29.4x37.5x2.2x
Wed, 21 Jan 2026CHF 40.2bCHF 19.5bCHF 1.1b27.4x36.7x2.1x
Fri, 19 Dec 2025CHF 38.1bCHF 19.5bCHF 1.1b23.2x34.7x1.9x
Sun, 16 Nov 2025CHF 35.9bCHF 16.5bCHF 1.3b23.5x27.6x2.2x
Tue, 14 Oct 2025CHF 37.2bCHF 15.6bCHF 1.4b22.8x26.5x2.4x
Thu, 11 Sep 2025CHF 33.3bCHF 15.2bCHF 1.3b22.8x24.9x2.2x
Sat, 09 Aug 2025CHF 33.2bCHF 14.3bCHF 1.5b25.9x22.7x2.3x
Mon, 07 Jul 2025CHF 32.7bCHF 14.3bCHF 1.5b27.4x22.4x2.3x
Wed, 04 Jun 2025CHF 32.5bCHF 14.3bCHF 1.5b28.2x22x2.3x
Fri, 02 May 2025CHF 31.3bCHF 13.3bCHF 1.6b26.7x20.1x2.4x
Sun, 30 Mar 2025CHF 29.4bCHF 13.2bCHF 1.5b21.6x19x2.2x
Tue, 25 Feb 2025CHF 29.2bCHF 13.3bCHF 1.6b20x18.5x2.2x
Thu, 23 Jan 2025CHF 29.5bCHF 13.3bCHF 1.7b18.5x17.1x2.2x
Sat, 21 Dec 2024CHF 28.5bCHF 13.3bCHF 1.7b18.2x16.6x2.1x
Mon, 18 Nov 2024CHF 29.0bCHF 13.3bCHF 1.7b18.2x16.8x2.2x
Wed, 16 Oct 2024CHF 31.1bCHF 13.3bCHF 1.7b19.2x17.9x2.3x
Fri, 13 Sep 2024CHF 30.7bCHF 13.3bCHF 1.7b19.3x17.6x2.3x
Sun, 11 Aug 2024CHF 29.6bCHF 13.3bCHF 1.7b18.9x17.1x2.2x
Tue, 09 Jul 2024CHF 29.1bCHF 13.2bCHF 1.8b18.8x16.6x2.2x
Thu, 06 Jun 2024CHF 28.9bCHF 13.2bCHF 1.8b18.8x16.5x2.2x
Sat, 04 May 2024CHF 28.1bCHF 13.2bCHF 1.8b18.9x16x2.1x
Mon, 01 Apr 2024CHF 31.1bCHF 13.3bCHF 1.7b20.7x18x2.3x
Wed, 28 Feb 2024CHF 28.7bCHF 13.3bCHF 1.7b15.5x16.9x2.2x
Fri, 26 Jan 2024CHF 28.9bCHF 13.3bCHF 1.7b15.7x17.1x2.2x
Sun, 24 Dec 2023CHF 28.5bCHF 13.3bCHF 1.7b15.5x16.9x2.1x
Tue, 21 Nov 2023CHF 28.3bCHF 13.3bCHF 1.7b15.6x16.8x2.1x
Thu, 19 Oct 2023CHF 29.9bCHF 13.3bCHF 1.7b16.9x18.1x2.3x
Sat, 16 Sep 2023CHF 30.0bCHF 13.3bCHF 1.7b17x18.1x2.3x
Mon, 14 Aug 2023CHF 29.5bCHF 13.3bCHF 1.6b19.9x18.2x2.2x
Wed, 12 Jul 2023CHF 30.0bCHF 13.3bCHF 1.6b20.7x19.3x2.3x
Price to Earnings Ratio

19.3x


Total Market Cap: CHF 30.0bTotal Earnings: CHF 1.6bTotal Revenue: CHF 13.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Telecom Sector Price to Earnings3Y Average 22.5x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.6x which is higher than its 3-year average PE of 22.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 8.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 14% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swiss Telecom sector?

CH Market1.79%
Telecom-2.76%
Media3.21%
Entertainment0%0
Interactive Media and Services0%0
Telecom Services and Carriers-4.07%
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 137x.
    • Analysts are expecting annual earnings growth of 37.9%, which is lower than the prior year's growth of 253.8% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 20.7x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 38% over the next 5 years.
  • However this is lower than its past earnings growth rate of 254% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 17% 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
SMG SMG Swiss Marketplace Group HoldingCHF 26.4012.3%
+CHF 284.4m		n/aPE38.3x
TXGN TX GroupCHF 131.004.1%
+CHF 53.4m		-41.0%PE156.5x
APGN APG|SGACHF 192.502.4%
+CHF 13.5m		-20.5%PE21.3x
HLEE Highlight Event and EntertainmentCHF 6.0513.1%
+CHF 9.1m		-13.6%PS0.1x
ASWN AsmallworldCHF 0.611.7%
+CHF 144.6k		-43.6%PS0.5x

Latest News

APGN
CHF 192.50
APG|SGA
7D
2.4%
1Y
-20.5%
SUNN
CHF 39.40
Sunrise Communications
7D
-4.9%
1Y
-11.9%
Narrative Update • Jun 26

SUNN: Dividend Resilience Will Support Upside Despite Recent Downgrade

Analysts have trimmed their price target on Sunrise Communications to CHF46.25 from CHF48.68, citing updated assumptions that include lower revenue growth expectations, a sharply higher future P/E estimate, and reduced profit margin forecasts, as reflected in a recent downgrade to Underperform from Neutral by Street research. What's in the News At the Annual General Meeting held on 7 May 2026, Sunrise Communications shareholders approved a dividend of CHF 3.42 per Class A share for the financial year 2025.
SCMN
CHF 613.00
Swisscom
7D
-4.0%
1Y
8.0%
Narrative Update • Jun 26

SCMN: Italian And Swiss Market Pressures Will Constrain Upside Potential

Analysts have trimmed their Swisscom price expectations to CHF 600, with mixed views on Swiss and Italian market challenges reflected in a lower Street target alongside a higher internal fair value estimate of CHF 562.82. Analyst Commentary Recent commentary on Swisscom shows a clear split, with some bearish analysts arguing that current pricing already reflects the company’s execution and market position, while others still see room for the valuation to support a higher fair value.
ASWN
CHF 0.61
Asmallworld
7D
1.7%
1Y
-43.6%
MCHN
CHF 6.02
MCH Group
7D
-0.7%
1Y
58.4%
HLEE
CHF 6.05
Highlight Event and Entertainment
7D
13.1%
1Y
-13.6%
TXGN
CHF 131.00
TX Group
7D
4.1%
1Y
-41.0%
SMG
CHF 26.40
SMG Swiss Marketplace Group Holding
7D
12.3%
1Y
n/a