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

Swiss (SMI) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies206
  • 7D0.7%
  • 3M1.6%
  • 1Y7.1%
  • YTD6.3%

Over the last 7 days, the market has risen 1.3%, driven by gains of 2.2% in the Healthcare sector. Meanwhile, the Communication Services sector has underperformed, shrinking 4.2% in that time. In the last year, the market has climbed 7.5%. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

Has the Swiss Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025CHF 1.9tCHF 799.6bCHF 113.8b19.5x16.7x2.4x
Thu, 16 Oct 2025CHF 1.9tCHF 773.5bCHF 90.1b19.5x21x2.4x
Sat, 13 Sep 2025CHF 1.9tCHF 774.2bCHF 90.0b19.4x20.7x2.4x
Mon, 11 Aug 2025CHF 1.8tCHF 777.3bCHF 89.7b20.8x20.3x2.3x
Wed, 09 Jul 2025CHF 1.8tCHF 784.5bCHF 106.7b20.3x17x2.3x
Fri, 06 Jun 2025CHF 1.8tCHF 785.2bCHF 106.4b20.4x17.3x2.3x
Sun, 04 May 2025CHF 1.8tCHF 837.1bCHF 158.2b19.6x11.5x2.2x
Tue, 01 Apr 2025CHF 1.8tCHF 851.0bCHF 159.0b19.7x11.6x2.2x
Thu, 27 Feb 2025CHF 1.9tCHF 810.9bCHF 117.0b21.4x16.4x2.4x
Sat, 25 Jan 2025CHF 1.8tCHF 817.5bCHF 117.7b21.4x15.6x2.2x
Mon, 23 Dec 2024CHF 1.7tCHF 812.8bCHF 117.3b20.6x14.6x2.1x
Wed, 20 Nov 2024CHF 1.7tCHF 809.9bCHF 117.0b19.6x14.7x2.1x
Fri, 18 Oct 2024CHF 1.8tCHF 806.4bCHF 114.4b21.3x16x2.3x
Sun, 15 Sep 2024CHF 1.8tCHF 802.4bCHF 113.9b21x15.8x2.2x
Tue, 13 Aug 2024CHF 1.8tCHF 802.6bCHF 136.5b21.1x13.1x2.2x
Thu, 11 Jul 2024CHF 1.8tCHF 802.6bCHF 125.8b21.3x14.5x2.3x
Sat, 08 Jun 2024CHF 1.8tCHF 801.1bCHF 125.6b22x14.6x2.3x
Mon, 06 May 2024CHF 1.7tCHF 797.8bCHF 125.2b21.3x13.7x2.1x
Wed, 03 Apr 2024CHF 1.8tCHF 768.3bCHF 97.2b21.7x18.1x2.3x
Fri, 01 Mar 2024CHF 1.7tCHF 790.1bCHF 111.4b19.9x15.4x2.2x
Sun, 28 Jan 2024CHF 1.7tCHF 765.2bCHF 109.7b17.9x15.6x2.2x
Tue, 26 Dec 2023CHF 1.7tCHF 763.3bCHF 109.8b18.4x15.3x2.2x
Thu, 23 Nov 2023CHF 1.6tCHF 772.2bCHF 111.5b17.8x14.7x2.1x
Sat, 21 Oct 2023CHF 1.6tCHF 759.1bCHF 100.3b17.6x15.6x2.1x
Mon, 18 Sep 2023CHF 1.7tCHF 751.5bCHF 99.5b18.7x16.9x2.2x
Wed, 16 Aug 2023CHF 1.7tCHF 745.9bCHF 75.2b18.3x22.1x2.2x
Fri, 14 Jul 2023CHF 1.7tCHF 748.2bCHF 76.0b19.3x22.4x2.3x
Sun, 11 Jun 2023CHF 1.7tCHF 787.1bCHF 82.6b19.3x20.9x2.2x
Tue, 09 May 2023CHF 1.8tCHF 785.4bCHF 81.4b19.3x21.9x2.3x
Thu, 06 Apr 2023CHF 1.7tCHF 778.1bCHF 69.1b19.4x25.1x2.2x
Sat, 04 Mar 2023CHF 1.7tCHF 783.8bCHF 70.1b19.4x24.7x2.2x
Mon, 30 Jan 2023CHF 1.8tCHF 786.8bCHF 94.3b17.9x18.8x2.3x
Wed, 28 Dec 2022CHF 1.7tCHF 786.3bCHF 93.9b17.5x17.8x2.1x
Fri, 25 Nov 2022CHF 1.7tCHF 790.7bCHF 94.6b17.7x18.3x2.2x
Price to Earnings Ratio

18.3x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 94.6bTotal Revenue: CHF 790.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.5x202320242025
Current Market PE
  • Investors are relatively neutral on the Swiss market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.5x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 6.4% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Swiss Market?

CH Market0.70%
Consumer Discretionary6.46%
Healthcare2.43%
Consumer Staples0.34%
Real Estate-0.12%
Materials-0.65%
Financials-0.86%
Utilities-0.87%
Industrials-1.05%
Tech-3.62%
Telecom-3.77%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 19.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.7% which is higher than its past year's earnings decline of 1.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 1.2% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 9.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ROG Roche HoldingCHF 287.203.0%
+CHF 7.1b		13.3%PE25.9xHealthcare
NOVN NovartisCHF 105.783.5%
+CHF 6.9b		16.0%PE17.7xHealthcare
CFR Compagnie Financière RichemontCHF 169.607.3%
+CHF 6.8b		39.9%PE28.2xConsumer Discretionary
NESN NestléCHF 79.870.6%
+CHF 1.2b		2.2%PE19.9xConsumer Staples
ALC AlconCHF 61.403.2%
+CHF 742.9m		-19.7%PE36.2xHealthcare
See more

Market Insights

Header cover image
💸 The Return of Share Buybacks in Tech
Richard Bowman avatar
Richard Bowman
|
|
Some of the biggest names in tech are restarting their buyback programs. By the end of this piece, you’ll see: What’s really driving this new buyback cycle, which companies are using it to create genuine value, and when repurchases are smart capital allocation or financial sleight of hand.
Continue reading
⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks
Last Week

⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks

Latest News

SOON
CHF 199.65
Sonova Holding
7D
-5.6%
1Y
-37.0%

Investors Interested In Sonova Holding AG's (VTX:SOON) Earnings

Nov 17
Investors Interested In Sonova Holding AG's (VTX:SOON) Earnings
CFR
CHF 169.60
Compagnie Financière Richemont
7D
7.3%
1Y
39.9%
SREN
CHF 141.55
Swiss Re
7D
-5.6%
1Y
13.2%
SDZ
CHF 54.92
Sandoz Group
7D
2.0%
1Y
38.1%
NESN
CHF 79.87
Nestlé
7D
0.6%
1Y
2.2%

NESN: Management Stability and Leadership Changes Will Define Performance Outlook

Nestlé's analyst price target has edged up from CHF 87.31 to CHF 87.75, as analysts cite rising confidence in the company's longer-term performance. This comes despite only modest changes to margin and growth forecasts.
ABBN
CHF 56.40
ABB
7D
-0.7%
1Y
14.4%

ABBN: Future Performance Hinges On Execution Amid Balanced Opportunities And Risks

Analysts have modestly raised their price target for ABB from $55.45 to $55.45, reflecting slight improvements in revenue growth expectations and a lowered discount rate. They note that much of the company's strengths are already factored into the current share price.
PGHN
CHF 932.40
Partners Group Holding
7D
-2.2%
1Y
-24.0%
ALC
CHF 61.40
Alcon
7D
3.2%
1Y
-19.7%

Alcon Inc. (VTX:ALC) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Nov 14
Alcon Inc. (VTX:ALC) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
LOGN
CHF 90.62
Logitech International
7D
-7.1%
1Y
29.9%
NOVN
CHF 105.78
Novartis
7D
3.5%
1Y
16.0%
BAER
CHF 57.58
Julius Bär Gruppe
7D
2.8%
1Y
8.2%

BAER: Revenue Expectations And Fair Value Revisions Will Shape Outlook

Narrative Update on Julius Bär Gruppe Analysts have increased their price target for Julius Bär Gruppe by CHF 3, citing improved revenue growth expectations and a slightly higher fair value assessment, even though changes in the company's profit margin and discount rate have been modest. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price target to CHF 72, signaling confidence in the company's growth prospects.
ROG
CHF 287.20
Roche Holding
7D
3.0%
1Y
13.3%
SMG
CHF 30.20
SMG Swiss Marketplace Group Holding
7D
-14.3%
1Y
n/a
SCMN
CHF 583.50
Swisscom
7D
-2.7%
1Y
13.9%
LISN
CHF 122,600.00
Chocoladefabriken Lindt & Sprüngli
7D
-1.8%
1Y
23.6%

Calculating The Intrinsic Value Of Chocoladefabriken Lindt & Sprüngli AG (VTX:LISN)

Nov 02
Calculating The Intrinsic Value Of Chocoladefabriken Lindt & Sprüngli AG (VTX:LISN)
LONN
CHF 539.40
Lonza Group
7D
1.0%
1Y
6.2%