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Swiss (SMI) Market Analysis & Valuation

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies205
  • 7D1.1%
  • 3M-1.4%
  • 1Y14.4%
  • YTD0.6%

The market has climbed 1.1% over the last week, with theIndustrials and Communication Services sectors leading the way. The market is up 14% over the last 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026CHF 2.0tCHF 777.8bCHF 109.3b21.2x18.2x2.6x
Sat, 14 Mar 2026CHF 1.9tCHF 779.9bCHF 109.4b19.8x17.6x2.5x
Mon, 09 Feb 2026CHF 2.0tCHF 789.8bCHF 117.7b20.9x17.1x2.6x
Wed, 07 Jan 2026CHF 2.0tCHF 797.7bCHF 114.9b20.5x17.5x2.5x
Fri, 05 Dec 2025CHF 1.9tCHF 806.3bCHF 115.1b19.6x16.9x2.4x
Sun, 02 Nov 2025CHF 1.9tCHF 800.7bCHF 114.3b19.3x16.3x2.3x
Tue, 30 Sep 2025CHF 1.8tCHF 774.5bCHF 90.3b19.2x20.2x2.4x
Thu, 28 Aug 2025CHF 1.9tCHF 775.7bCHF 90.0b20.2x20.7x2.4x
Sat, 26 Jul 2025CHF 1.8tCHF 791.0bCHF 107.0b20.3x17.2x2.3x
Mon, 23 Jun 2025CHF 1.8tCHF 782.1bCHF 106.5b20x16.8x2.3x
Wed, 21 May 2025CHF 1.8tCHF 787.5bCHF 106.7b20.2x17.3x2.3x
Fri, 18 Apr 2025CHF 1.7tCHF 833.2bCHF 156.9b18.6x10.9x2.1x
Sun, 16 Mar 2025CHF 1.9tCHF 849.6bCHF 158.8b19.7x11.9x2.2x
Tue, 11 Feb 2025CHF 1.9tCHF 823.3bCHF 116.8b22x16.1x2.3x
Thu, 09 Jan 2025CHF 1.8tCHF 818.5bCHF 117.8b21x15.1x2.2x
Sat, 07 Dec 2024CHF 1.8tCHF 808.1bCHF 116.8b20.9x15.1x2.2x
Mon, 04 Nov 2024CHF 1.8tCHF 810.6bCHF 117.6b20.5x15.2x2.2x
Wed, 02 Oct 2024CHF 1.8tCHF 800.7bCHF 113.7b21.5x15.9x2.3x
Fri, 30 Aug 2024CHF 1.8tCHF 800.3bCHF 113.7b21.7x16.3x2.3x
Sun, 28 Jul 2024CHF 1.8tCHF 795.1bCHF 124.6b21.6x14.7x2.3x
Tue, 25 Jun 2024CHF 1.8tCHF 799.9bCHF 125.5b21.6x14.5x2.3x
Thu, 23 May 2024CHF 1.8tCHF 804.7bCHF 126.8b21.7x14.2x2.2x
Sat, 20 Apr 2024CHF 1.7tCHF 767.9bCHF 96.9b20.8x17.7x2.2x
Mon, 18 Mar 2024CHF 1.8tCHF 766.4bCHF 97.8b21.1x18x2.3x
Wed, 14 Feb 2024CHF 1.7tCHF 770.2bCHF 109.8b19.4x15.4x2.2x
Fri, 12 Jan 2024CHF 1.7tCHF 761.8bCHF 109.6b18.1x15.3x2.2x
Sun, 10 Dec 2023CHF 1.7tCHF 769.6bCHF 111.0b18.5x15x2.2x
Tue, 07 Nov 2023CHF 1.6tCHF 770.7bCHF 112.7b17.8x14.1x2.1x
Thu, 05 Oct 2023CHF 1.6tCHF 756.8bCHF 100.5b18x16.3x2.2x
Sat, 02 Sep 2023CHF 1.7tCHF 747.5bCHF 98.6b19.1x17x2.2x
Mon, 31 Jul 2023CHF 1.7tCHF 740.8bCHF 77.3b18.3x22.2x2.3x
Wed, 28 Jun 2023CHF 1.6tCHF 727.1bCHF 71.1b18.5x23.2x2.3x
Fri, 26 May 2023CHF 1.7tCHF 787.7bCHF 82.7b18.8x21x2.2x
Sun, 23 Apr 2023CHF 1.8tCHF 774.3bCHF 69.1b19.4x25.8x2.3x
Price to Earnings Ratio

25.8x


Total Market Cap: CHF 1.8tTotal Earnings: CHF 69.1bTotal Revenue: CHF 774.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17x202420252026
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 17.0x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 17% 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 Market1.09%
Tech5.86%
Materials3.29%
Industrials2.43%
Financials1.66%
Real Estate1.02%
Consumer Discretionary0.66%
Healthcare0.63%
Utilities-0.97%
Consumer Staples-1.09%
Telecom-2.27%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.1% which is higher than its past year's earnings decline of 30.9% 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 7.3x.
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 31% 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
UBSG UBS GroupCHF 33.854.5%
+CHF 4.5b		47.4%PE17.2xFinancials
ABBN ABBCHF 72.403.3%
+CHF 4.2b		74.0%PE36.9xIndustrials
ROP Roche HoldingCHF 317.000.9%
+CHF 2.3b		24.6%PE19.6xHealthcare
SIKA SikaCHF 148.659.1%
+CHF 2.0b		-24.2%PE22.8xMaterials
LONN Lonza GroupCHF 533.805.0%
+CHF 1.8b		-1.4%PE41xHealthcare
See more

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