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Swiss (SMI) Market Analysis & Valuation

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies204
  • 7D2.2%
  • 3M5.0%
  • 1Y10.7%
  • YTD3.2%

The market has climbed 2.2% in the last 7 days, lead by the Healthcare sector with a gain of 2.3%. As for the past 12 months, the market is up 11%. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026CHF 2.0tCHF 777.2bCHF 104.3b20.6x19.5x2.6x
Wed, 13 May 2026CHF 2.0tCHF 772.6bCHF 103.0b20.4x19.1x2.6x
Fri, 10 Apr 2026CHF 2.0tCHF 780.7bCHF 109.6b20.8x17.9x2.5x
Sun, 08 Mar 2026CHF 2.0tCHF 774.6bCHF 108.7b21.1x18x2.5x
Tue, 03 Feb 2026CHF 2.0tCHF 790.6bCHF 117.9b20.6x17x2.5x
Thu, 01 Jan 2026CHF 2.0tCHF 796.8bCHF 114.8b20.3x17.3x2.5x
Sat, 29 Nov 2025CHF 1.9tCHF 806.5bCHF 115.1b19.6x16.8x2.4x
Mon, 27 Oct 2025CHF 1.9tCHF 773.5bCHF 90.3b19.6x21.1x2.5x
Wed, 24 Sep 2025CHF 1.8tCHF 772.6bCHF 90.1b19.3x20.5x2.4x
Fri, 22 Aug 2025CHF 1.9tCHF 778.0bCHF 90.4b20.8x20.7x2.4x
Sun, 20 Jul 2025CHF 1.8tCHF 787.6bCHF 107.5b20.4x17x2.3x
Tue, 17 Jun 2025CHF 1.8tCHF 781.1bCHF 106.4b20.1x17.1x2.3x
Thu, 15 May 2025CHF 1.8tCHF 791.4bCHF 106.6b20.1x17x2.3x
Sat, 12 Apr 2025CHF 1.7tCHF 832.0bCHF 156.7b18.2x10.6x2x
Mon, 10 Mar 2025CHF 1.9tCHF 848.9bCHF 158.3b19.8x12.1x2.3x
Wed, 05 Feb 2025CHF 1.9tCHF 822.0bCHF 116.5b21.7x16x2.3x
Fri, 03 Jan 2025CHF 1.7tCHF 817.2bCHF 117.7b21x14.8x2.1x
Sun, 01 Dec 2024CHF 1.8tCHF 809.2bCHF 116.9b20.4x15x2.2x
Tue, 29 Oct 2024CHF 1.8tCHF 803.6bCHF 115.2b21.2x15.9x2.3x
Thu, 26 Sep 2024CHF 1.8tCHF 799.2bCHF 114.8b21x15.8x2.3x
Sat, 24 Aug 2024CHF 1.8tCHF 799.3bCHF 113.8b22.2x16.2x2.3x
Mon, 22 Jul 2024CHF 1.8tCHF 798.7bCHF 125.8b21.3x14.5x2.3x
Wed, 19 Jun 2024CHF 1.8tCHF 796.3bCHF 125.0b21.7x14.5x2.3x
Fri, 17 May 2024CHF 1.8tCHF 802.2bCHF 126.0b21.7x14.3x2.2x
Sun, 14 Apr 2024CHF 1.7tCHF 768.7bCHF 97.1b21.6x17.9x2.3x
Tue, 12 Mar 2024CHF 1.8tCHF 775.6bCHF 99.0b20.4x17.7x2.3x
Thu, 08 Feb 2024CHF 1.7tCHF 766.3bCHF 109.2b19.2x15.6x2.2x
Sat, 06 Jan 2024CHF 1.7tCHF 760.5bCHF 109.3b18.2x15.4x2.2x
Mon, 04 Dec 2023CHF 1.6tCHF 766.9bCHF 110.5b18.6x14.9x2.1x
Wed, 01 Nov 2023CHF 1.6tCHF 761.7bCHF 101.4b17.9x15.4x2.1x
Fri, 29 Sep 2023CHF 1.6tCHF 756.5bCHF 100.4b18.3x16.3x2.2x
Sun, 27 Aug 2023CHF 1.7tCHF 746.9bCHF 74.9b18.9x22.1x2.2x
Tue, 25 Jul 2023CHF 1.7tCHF 752.5bCHF 77.4b18.3x22.1x2.3x
Thu, 22 Jun 2023CHF 1.7tCHF 758.1bCHF 77.0b18.9x22.2x2.3x
Price to Earnings Ratio

22.2x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 77.0bTotal Revenue: CHF 758.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 16.8x202420252026
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 19.5x which is higher than its 3-year average PE of 16.8x.
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 Market2.24%
Consumer Discretionary7.79%
Materials3.90%
Consumer Staples3.78%
Healthcare2.34%
Financials1.84%
Telecom1.17%
Real Estate0.70%
Industrials-0.34%
Tech-1.74%
Utilities-3.66%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 28.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.8% which is higher than its past year's earnings decline of 14.4% 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 21% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 7.0% 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
NOVN NovartisCHF 122.084.0%
+CHF 8.7b		26.7%PE20.7xHealthcare
NESN NestléCHF 79.814.2%
+CHF 8.2b		-3.9%PE22.7xConsumer Staples
CFR Compagnie Financière RichemontCHF 178.908.5%
+CHF 8.2b		17.3%PE33xConsumer Discretionary
ROP Roche HoldingCHF 330.002.3%
+CHF 5.8b		25.5%PE20.4xHealthcare
UBSG UBS GroupCHF 38.902.8%
+CHF 3.2b		48.9%PE16.3xFinancials
See more

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PGHN
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Partners Group Holding
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1Y
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ABBN
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ABB
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1Y
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NOVN
CHF 122.08
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ROP
CHF 330.00
Roche Holding
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SOON
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Sonova Holding
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NESN
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Nestlé
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LOGN
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Logitech International
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UBSG
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UBS Group
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GIVN
CHF 3,182.00
Givaudan
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8.7%
1Y
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Narrative Update • Jun 09

GIVN: Pricing Power And Eurofragance Deal Will Support Future Margin Resilience

The analyst price target for Givaudan has been adjusted slightly to CHF 3,415 from CHF 3,447. This reflects a blend of cautious tweaks to growth and discount rate assumptions.
ACLN
CHF 75.20
Accelleron Industries
7D
-4.3%
1Y
39.6%
Narrative Update • Jun 09

ACLN: Higher P/E Expectations Will Likely Restrain Future Share Returns

The analyst price target for Accelleron Industries has been increased from CHF 62 to CHF 74, reflecting revised fair value assumptions and expectations of a higher future P/E multiple, while maintaining a neutral stance on the stock. What's in the News The Board of Directors intends to propose a dividend of CHF 1.50 per share for the 2025 financial year at the Annual General Meeting on April 28, 2026, compared with CHF 1.25 for the prior year (source: company AGM proposal).
BEAN
CHF 875.00
BELIMO Holding
7D
-3.3%
1Y
7.6%
Narrative Update • Jun 09

BEAN: Elevated Data Center Hopes Will Likely Restrain Future Share Returns

Analysts have raised their fair value estimate for BELIMO Holding from CHF 510.26 to CHF 579.80, citing higher assumed revenue growth, slightly stronger profit margins, and a higher future P/E multiple that is in line with recent upgrades and positive views on the company’s role in data center liquid cooling. Analyst Commentary Recent research coverage has been broadly constructive on BELIMO Holding, with price targets such as CHF 1,070 and CHF 1,000 reflecting confidence in the company’s positioning and its exposure to data center liquid cooling.
VACN
CHF 663.40
VAT Group
7D
7.7%
1Y
95.4%
Narrative Update • Jun 08

VACN: Elevated P E Multiples Will Likely Face Pressure From Supply Chain Disruptions

The analyst price target for VAT Group has been revised to CHF 410.83 from CHF 465.00. At the same time, analysts are citing higher external price targets from firms such as Citi, Goldman Sachs, Berenberg, Deutsche Bank and RBC Capital to support their updated assumptions on growth, margins and future P/E levels.
ZURN
CHF 563.80
Zurich Insurance Group
7D
2.8%
1Y
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SCHN
CHF 251.00
Schindler Holding
7D
-1.2%
1Y
-12.8%
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SCHN: Refined Discount Rate And P/E Framework Will Support Gradual Bullish Repricing

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BKW
CHF 139.00
BKW
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-5.0%
1Y
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BKW: Neutral Outlook Will Center On CHF 160 And German Storage Execution

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CFR
CHF 178.90
Compagnie Financière Richemont
7D
8.5%
1Y
17.3%