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Swiss (SMI) Telecom Sector Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies7
  • 7D4.3%
  • 3M-5.4%
  • 1Y6.2%
  • YTD3.5%

The Telecom industry is up 2.3% in the last week, with Swisscom up 4.6%. In the last 12 months, the industry was up 4.1%. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026CHF 40.5bCHF 19.8bCHF 1.2b26.5x33.6x2x
Thu, 11 Jun 2026CHF 41.8bCHF 19.8bCHF 1.2b27.6x34.6x2.1x
Sat, 09 May 2026CHF 42.9bCHF 20.3bCHF 1.2b28.1x35.2x2.1x
Mon, 06 Apr 2026CHF 43.1bCHF 20.5bCHF 1.3b27.4x34.4x2.1x
Wed, 04 Mar 2026CHF 46.0bCHF 20.5bCHF 1.2b28.7x37.9x2.2x
Fri, 30 Jan 2026CHF 42.1bCHF 19.5bCHF 1.1b28.8x38.4x2.2x
Sun, 28 Dec 2025CHF 38.5bCHF 19.5bCHF 1.1b24.1x35.1x2x
Tue, 25 Nov 2025CHF 39.2bCHF 19.5bCHF 1.1b22.7x35.7x2x
Thu, 23 Oct 2025CHF 38.1bCHF 15.5bCHF 1.4b23.6x27.5x2.5x
Sat, 20 Sep 2025CHF 33.0bCHF 15.2bCHF 1.3b22.5x24.7x2.2x
Mon, 18 Aug 2025CHF 33.1bCHF 15.3bCHF 1.3b26.8x24.7x2.2x
Wed, 16 Jul 2025CHF 32.4bCHF 14.3bCHF 1.5b28x22.1x2.3x
Fri, 13 Jun 2025CHF 32.4bCHF 14.3bCHF 1.5b28.4x22.2x2.3x
Sun, 11 May 2025CHF 31.2bCHF 14.3bCHF 1.5b27.5x21.1x2.2x
Tue, 08 Apr 2025CHF 28.7bCHF 13.3bCHF 1.6b25.4x18.4x2.2x
Thu, 06 Mar 2025CHF 29.4bCHF 13.3bCHF 1.6b20x18.6x2.2x
Sat, 01 Feb 2025CHF 29.4bCHF 13.3bCHF 1.7b19x17.1x2.2x
Mon, 30 Dec 2024CHF 28.8bCHF 13.3bCHF 1.7b18.4x16.7x2.2x
Wed, 27 Nov 2024CHF 28.5bCHF 13.3bCHF 1.7b17.9x16.6x2.1x
Fri, 25 Oct 2024CHF 31.3bCHF 13.3bCHF 1.7b19.1x18x2.4x
Sun, 22 Sep 2024CHF 30.6bCHF 13.3bCHF 1.7b19.2x17.6x2.3x
Tue, 20 Aug 2024CHF 30.1bCHF 13.3bCHF 1.7b19.2x17.4x2.3x
Thu, 18 Jul 2024CHF 30.0bCHF 13.2bCHF 1.8b19.1x17.1x2.3x
Sat, 15 Jun 2024CHF 28.2bCHF 13.2bCHF 1.8b18.7x16.1x2.1x
Mon, 13 May 2024CHF 28.4bCHF 13.2bCHF 1.8b18.8x16.2x2.1x
Wed, 10 Apr 2024CHF 29.6bCHF 13.3bCHF 1.7b20.3x17.1x2.2x
Fri, 08 Mar 2024CHF 28.6bCHF 13.3bCHF 1.7b15.8x16.8x2.2x
Sun, 04 Feb 2024CHF 28.6bCHF 13.3bCHF 1.7b15.5x17x2.1x
Tue, 02 Jan 2024CHF 28.3bCHF 13.3bCHF 1.7b15.4x16.8x2.1x
Thu, 30 Nov 2023CHF 28.4bCHF 13.3bCHF 1.7b15.6x16.8x2.1x
Sat, 28 Oct 2023CHF 29.4bCHF 13.3bCHF 1.7b16.6x17.8x2.2x
Mon, 25 Sep 2023CHF 30.4bCHF 13.3bCHF 1.7b17.2x18.4x2.3x
Wed, 23 Aug 2023CHF 29.0bCHF 13.3bCHF 1.6b19.9x17.9x2.2x
Fri, 21 Jul 2023CHF 30.8bCHF 13.3bCHF 1.6b20.9x19.8x2.3x
Price to Earnings Ratio

19.8x


Total Market Cap: CHF 30.8bTotal Earnings: CHF 1.6bTotal Revenue: CHF 13.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Telecom Sector Price to Earnings3Y Average 22.6x202420252026
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 33.0x which is higher than its 3-year average PE of 22.6x.
  • 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 Market-0.45%
Telecom4.28%
Telecom Services and Carriers4.63%
Media4.51%
Entertainment0%0
Interactive Media and Services0%0
Industry PE
  • Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 138x.
    • 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 20.9x.
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 16% 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
SCMN SwisscomCHF 631.504.6%
+CHF 1.4b		12.1%PE26.5x
SUNN Sunrise CommunicationsCHF 41.545.4%
+CHF 155.8m		-7.7%PS1x
TXGN TX GroupCHF 138.005.7%
+CHF 76.0m		-41.0%PE164.8x
APGN APG|SGACHF 198.002.9%
+CHF 16.5m		-17.8%PE21.9x
HLEE Highlight Event and EntertainmentCHF 6.0512.0%
+CHF 8.4m		0.8%PS0.1x

Latest News

SCMN
CHF 631.50
Swisscom
7D
4.6%
1Y
12.1%
Narrative Update • Jul 10

SCMN: Execution Risks In Switzerland And Italy Will Pressure Rich P/E

Swisscom's analyst price target has shifted higher, moving from CHF 366.87 to CHF 440.00, as analysts factor in updated assumptions for discount rates, profit margins and future P/E, alongside mixed recent Street targets between CHF 600 and CHF 620. Analyst Commentary Recent Street research on Swisscom shows a split in opinion, with some firms lifting targets into the CHF 600 to CHF 620 range while others are turning more cautious.
APGN
CHF 198.00
APG|SGA
7D
2.9%
1Y
-17.8%
SUNN
CHF 41.54
Sunrise Communications
7D
5.4%
1Y
-7.7%
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.
ASWN
CHF 0.62
Asmallworld
7D
-1.6%
1Y
-42.1%
MCHN
CHF 6.14
MCH Group
7D
1.3%
1Y
69.1%
HLEE
CHF 6.05
Highlight Event and Entertainment
7D
12.0%
1Y
0.8%
TXGN
CHF 138.00
TX Group
7D
5.7%
1Y
-41.0%
SMG
CHF 26.50
SMG Swiss Marketplace Group Holding
7D
-0.4%
1Y
n/a