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Swiss (SMI) Market Analysis & Valuation

UpdatedAug 03, 2026
DataAggregated Company Financials
Companies206
  • 7D-0.1%
  • 3M8.0%
  • 1Y17.6%
  • YTD7.2%

The market has been flat over the last week. Meanwhile, the market is actually up 18% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Aug 2026CHF 2.1tCHF 785.8bCHF 103.7b20.2x20.5x2.7x
Wed, 01 Jul 2026CHF 2.1tCHF 780.9bCHF 105.0b20.5x20x2.7x
Fri, 29 May 2026CHF 2.0tCHF 772.9bCHF 103.7b20.5x19.5x2.6x
Sun, 26 Apr 2026CHF 2.0tCHF 780.0bCHF 109.9b20.2x18x2.5x
Tue, 24 Mar 2026CHF 1.9tCHF 779.3bCHF 109.4b19.8x17x2.4x
Thu, 19 Feb 2026CHF 2.1tCHF 789.7bCHF 117.6b20.5x17.5x2.6x
Sat, 17 Jan 2026CHF 2.0tCHF 800.0bCHF 115.2b20.7x17.6x2.5x
Mon, 15 Dec 2025CHF 1.9tCHF 798.4bCHF 114.4b19.7x16.9x2.4x
Wed, 12 Nov 2025CHF 1.9tCHF 801.7bCHF 114.1b19.1x16.8x2.4x
Fri, 10 Oct 2025CHF 1.9tCHF 777.3bCHF 90.7b19.7x21x2.5x
Sun, 07 Sep 2025CHF 1.9tCHF 774.7bCHF 90.1b19.5x20.8x2.4x
Tue, 05 Aug 2025CHF 1.8tCHF 775.5bCHF 89.9b20.6x20.2x2.3x
Thu, 03 Jul 2025CHF 1.8tCHF 783.1bCHF 106.5b20.2x17x2.3x
Sat, 31 May 2025CHF 1.8tCHF 785.7bCHF 106.4b20.1x17.2x2.3x
Mon, 28 Apr 2025CHF 1.8tCHF 837.2bCHF 157.2b19x11.2x2.1x
Wed, 26 Mar 2025CHF 1.9tCHF 849.9bCHF 158.9b20.1x12x2.2x
Fri, 21 Feb 2025CHF 1.9tCHF 820.1bCHF 116.5b21.5x16.3x2.3x
Sun, 19 Jan 2025CHF 1.8tCHF 819.7bCHF 118.0b21.1x15.2x2.2x
Tue, 17 Dec 2024CHF 1.7tCHF 813.5bCHF 117.3b20.5x14.9x2.1x
Thu, 14 Nov 2024CHF 1.7tCHF 815.8bCHF 117.6b19.8x14.8x2.1x
Sat, 12 Oct 2024CHF 1.8tCHF 803.6bCHF 114.1b21.5x16x2.3x
Mon, 09 Sep 2024CHF 1.8tCHF 799.7bCHF 113.5b21.1x15.7x2.2x
Wed, 07 Aug 2024CHF 1.7tCHF 796.6bCHF 135.5b21.5x12.8x2.2x
Fri, 05 Jul 2024CHF 1.8tCHF 802.6bCHF 125.8b21.5x14.4x2.3x
Sun, 02 Jun 2024CHF 1.8tCHF 803.7bCHF 126.0b22x14.3x2.2x
Tue, 30 Apr 2024CHF 1.7tCHF 799.2bCHF 125.4b21.5x13.7x2.2x
Thu, 28 Mar 2024CHF 1.8tCHF 768.3bCHF 98.5b21.7x18.1x2.3x
Sat, 24 Feb 2024CHF 1.7tCHF 766.1bCHF 111.1b20.3x15.6x2.3x
Mon, 22 Jan 2024CHF 1.7tCHF 766.5bCHF 110.4b18x15.1x2.2x
Wed, 20 Dec 2023CHF 1.7tCHF 764.9bCHF 110.1b18.5x15.3x2.2x
Fri, 17 Nov 2023CHF 1.6tCHF 773.0bCHF 111.5b17.7x14.5x2.1x
Sun, 15 Oct 2023CHF 1.6tCHF 761.3bCHF 100.3b18.1x16.3x2.1x
Tue, 12 Sep 2023CHF 1.7tCHF 750.2bCHF 99.2b18.5x16.8x2.2x
Thu, 10 Aug 2023CHF 1.7tCHF 743.3bCHF 75.3b18.9x22.2x2.3x
Price to Earnings Ratio

22.2x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 75.3bTotal Revenue: CHF 743.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 16.7x202420252026
Current Market PE
  • Investors are optimistic on the Swiss market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 20.5x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 11% 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 Market-0.10%
Materials2.61%
Consumer Staples0.78%
Industrials0.75%
Real Estate0.18%
Tech-0.36%
Financials-0.63%
Consumer Discretionary-0.70%
Telecom-0.75%
Healthcare-0.85%
Utilities-1.51%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 25.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.0% which is higher than its past year's earnings decline of 14.9% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 5.7% per year.
  • In contrast, the Real Estate sector 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 Price7D1YValuationSector
SIKA SikaCHF 181.8516.7%
+CHF 4.2b		-5.6%PE28xMaterials
LONN Lonza GroupCHF 562.202.6%
+CHF 991.8m		-1.7%PE36.3xHealthcare
SDZ Sandoz GroupCHF 65.763.4%
+CHF 926.0m		40.7%PE38.5xHealthcare
NESN NestléCHF 81.010.4%
+CHF 874.6m		13.9%PE28xConsumer Staples
EMSN EMS-CHEMIE HOLDINGCHF 817.503.6%
+CHF 666.6m		27.2%PE41xMaterials
See more

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Latest News

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1Y
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EMSN
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EMS-CHEMIE HOLDING
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1Y
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LONN
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Lonza Group
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2.6%
1Y
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Lonza Group's updated analyst price target edges higher to CHF 678, supported by broader target increases across the Street toward CHF 640 to CHF 760 as analysts factor in revised assumptions on fair value, discount rate, revenue growth, profit margin and future P/E levels. Analyst Commentary Recent research on Lonza Group points to a mixed but generally constructive stance, with several price target adjustments clustering between CHF 590 and CHF 760.
VACN
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VAT Group
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Straumann Holding
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1Y
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Compagnie Financière Richemont
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