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Swiss (SMI) Market Analysis & Valuation

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies204
  • 7D-0.9%
  • 3M1.8%
  • 1Y6.8%
  • YTD1.1%

The Information Technology sector gained 4.6% while the market remained flat over the last week. As for the longer term, the market has risen 6.8% in the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026CHF 2.0tCHF 774.6bCHF 103.9b20.5x19.2x2.6x
Sun, 03 May 2026CHF 2.0tCHF 772.9bCHF 103.2b20.4x19.1x2.6x
Tue, 31 Mar 2026CHF 1.9tCHF 782.7bCHF 109.9b19.8x17.2x2.4x
Thu, 26 Feb 2026CHF 2.1tCHF 792.9bCHF 116.8b20.8x17.8x2.6x
Sat, 24 Jan 2026CHF 2.0tCHF 795.3bCHF 114.6b20.5x17.4x2.5x
Mon, 22 Dec 2025CHF 2.0tCHF 797.9bCHF 114.4b20.2x17.3x2.5x
Wed, 19 Nov 2025CHF 1.9tCHF 804.4bCHF 115.0b18.9x16.3x2.3x
Fri, 17 Oct 2025CHF 1.9tCHF 772.8bCHF 90.1b19.6x21.2x2.5x
Sun, 14 Sep 2025CHF 1.9tCHF 774.2bCHF 90.0b19.4x20.7x2.4x
Tue, 12 Aug 2025CHF 1.8tCHF 778.7bCHF 90.1b20.9x20.3x2.3x
Thu, 10 Jul 2025CHF 1.8tCHF 783.9bCHF 106.6b20.4x17x2.3x
Sat, 07 Jun 2025CHF 1.8tCHF 785.0bCHF 106.4b20.3x17.4x2.4x
Mon, 05 May 2025CHF 1.8tCHF 837.1bCHF 158.2b19.6x11.5x2.2x
Wed, 02 Apr 2025CHF 1.9tCHF 850.6bCHF 159.0b19.4x11.7x2.2x
Fri, 28 Feb 2025CHF 1.9tCHF 811.8bCHF 117.2b21.2x16.3x2.4x
Sun, 26 Jan 2025CHF 1.8tCHF 818.2bCHF 117.8b21.4x15.6x2.2x
Tue, 24 Dec 2024CHF 1.7tCHF 814.9bCHF 117.5b20.7x14.6x2.1x
Thu, 21 Nov 2024CHF 1.7tCHF 810.5bCHF 117.0b19.7x14.7x2.1x
Sat, 19 Oct 2024CHF 1.8tCHF 806.2bCHF 114.4b21.3x16.1x2.3x
Mon, 16 Sep 2024CHF 1.8tCHF 802.4bCHF 113.9b21x15.8x2.2x
Wed, 14 Aug 2024CHF 1.8tCHF 802.9bCHF 136.5b21.2x13.1x2.2x
Fri, 12 Jul 2024CHF 1.8tCHF 801.6bCHF 125.7b21.5x14.6x2.3x
Sun, 09 Jun 2024CHF 1.8tCHF 801.3bCHF 125.7b22x14.6x2.3x
Tue, 07 May 2024CHF 1.7tCHF 798.3bCHF 125.3b21.3x13.7x2.2x
Thu, 04 Apr 2024CHF 1.8tCHF 767.3bCHF 97.0b21.7x18.2x2.3x
Sat, 02 Mar 2024CHF 1.7tCHF 789.7bCHF 111.3b20x15.5x2.2x
Mon, 29 Jan 2024CHF 1.7tCHF 765.2bCHF 109.7b17.9x15.6x2.2x
Wed, 27 Dec 2023CHF 1.7tCHF 763.5bCHF 109.8b18.4x15.3x2.2x
Fri, 24 Nov 2023CHF 1.6tCHF 771.9bCHF 111.4b17.9x14.7x2.1x
Sun, 22 Oct 2023CHF 1.6tCHF 759.2bCHF 100.2b17.6x15.6x2.1x
Tue, 19 Sep 2023CHF 1.7tCHF 751.7bCHF 99.5b18.7x16.8x2.2x
Thu, 17 Aug 2023CHF 1.7tCHF 746.4bCHF 75.2b18.2x22.1x2.2x
Sat, 15 Jul 2023CHF 1.7tCHF 749.5bCHF 76.2b19.4x22.4x2.3x
Mon, 12 Jun 2023CHF 1.7tCHF 787.1bCHF 82.6b19.3x20.9x2.2x
Price to Earnings Ratio

20.9x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 82.6bTotal Revenue: CHF 787.1bTotal 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 19.2x which is higher than its 3-year average PE of 16.8x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 8.0% 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-0.94%
Tech4.56%
Industrials1.76%
Utilities0.05%
Financials-0.63%
Consumer Discretionary-0.85%
Materials-1.02%
Healthcare-1.70%
Real Estate-1.78%
Telecom-2.22%
Consumer Staples-3.48%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 28.4x.
    • 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 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 20% 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
UBSG UBS GroupCHF 37.582.4%
+CHF 2.7b		39.9%PE15.9xFinancials
ABBN ABBCHF 84.661.5%
+CHF 2.2b		79.2%PE40xIndustrials
KNIN Kuehne + Nagel InternationalCHF 189.205.6%
+CHF 1.2b		2.4%PE26.9xIndustrials
BEAN BELIMO HoldingCHF 885.0010.1%
+CHF 996.3m		9.3%PE59.9xIndustrials
LOGN Logitech InternationalCHF 93.686.8%
+CHF 855.5m		34.3%PE24xTech
See more

Market Insights

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Latest News

UBSG
CHF 37.58
UBS Group
7D
2.4%
1Y
39.9%
PGHN
CHF 712.40
Partners Group Holding
7D
-14.5%
1Y
-34.0%
NESN
CHF 76.68
Nestlé
7D
-3.9%
1Y
-12.0%
NOVN
CHF 115.84
Novartis
7D
-2.0%
1Y
19.8%
ROP
CHF 324.60
Roche Holding
7D
-1.3%
1Y
21.3%
LOGN
CHF 93.68
Logitech International
7D
6.8%
1Y
34.3%
Narrative Update • Jun 03

LOGN: AI And B2B Investment Push Will Likely Cap Near Term Upside

Analysts have trimmed their CHF price target for Logitech International to CHF 66.63 from CHF 68.06, citing updated assumptions that include a slightly higher discount rate, modestly adjusted revenue growth expectations, a higher projected profit margin, and a lower future P/E multiple. What's in the News CEO Hanneke Faber outlined a plan to increase investment in innovation, AI driven product development, B2B sales, and marketing, while aiming to keep margins near the high end of Logitech International’s long term model.
BANB
CHF 69.80
Bachem Holding
7D
-13.8%
1Y
30.2%
BAER
CHF 65.62
Julius Bär Gruppe
7D
4.5%
1Y
25.1%
Narrative Update • Jun 02

BAER: Future Returns Will Hinge On Execution As Profit Signals Improve

Analysts nudged the fair value estimate for Julius Bär Gruppe higher to CHF 69.41 from CHF 68.18, citing a series of increased price targets in the CHF 59 to CHF 78 range and updated assumptions that pair slightly softer revenue growth with a modestly higher profit margin outlook and an essentially unchanged forward P/E of about 14x. Analyst Commentary Recent research updates on Julius Bär Gruppe show a mix of constructive and cautious views, with several firms adjusting price targets within a relatively tight band and making rating changes around specific execution risks.
DESN
CHF 299.50
Dottikon ES Holding
7D
-23.6%
1Y
11.3%
KNIN
CHF 189.20
Kuehne + Nagel International
7D
5.6%
1Y
2.4%
Narrative Update • Jun 01

KNIN: Dividend Support And Recent Rating Upgrade Will Drive Re Rating

Narrative Update The analyst price target for Kuehne + Nagel International has been lifted modestly, with several recent CHF-based target increases. These include moves to CHF 183, CHF 170 and CHF 155, as analysts balance upgraded ratings with some downgrades and refreshed views on discount rate, revenue growth, profit margin and future P/E assumptions.
GIVN
CHF 2,839.00
Givaudan
7D
-3.0%
1Y
-32.5%
Narrative Update • May 26

GIVN: AI Beauty Partnership Will Support Future Re Rating Potential

Analysts have trimmed their Givaudan fair value estimate from CHF 5,040 to about CHF 4,284, reflecting expectations of lower revenue growth, slightly softer profit margins, a modestly reduced discount rate, and a lower future P/E multiple following a series of recent target cuts and rating changes. Analyst Commentary Recent Street research on Givaudan has been mixed, with several cuts to price targets and rating changes, but not all commentary has been negative.
BEAN
CHF 885.00
BELIMO Holding
7D
10.1%
1Y
9.3%
Narrative Update • May 25

BEAN: Data Center Cooling Upside Will Support Premium Future P E

Analysts kept the fair value for BELIMO Holding steady at CHF 1,060, with only modest tweaks to growth and margin assumptions. Recent Street research highlights both the perceived quality of its data center liquid cooling opportunity and some caution around tariff driven earnings pressure.
VACN
CHF 619.40
VAT Group
7D
3.2%
1Y
89.9%
Narrative Update • May 25

VACN: Elevated Cycle Hopes Will Meet Rich Re Rating And Execution Risks

Analysts have lifted the VAT Group price target range, with the fair value estimate moving from CHF 516.25 to about CHF 602.53. They have factored in updated assumptions on revenue growth, profit margins, P/E levels and a slightly higher discount rate, reflected in a series of recent target hikes across major banks.
ABBN
CHF 84.66
ABB
7D
1.5%
1Y
79.2%
STMN
CHF 94.62
Straumann Holding
7D
5.3%
1Y
-11.0%
Narrative Update • May 22

STMN: Cautious CHF 81 Fair Value Will Likely Limit Near-Term Upside

The updated analyst price target for Straumann has been revised slightly higher to CHF 81.17 from CHF 80.00, as analysts factor in updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent Street research updates. Analyst Commentary Recent Street research on Straumann Holding has included both higher and lower price targets, with some bearish analysts highlighting execution and valuation risks even as others adjust targets higher.
ZURN
CHF 548.40
Zurich Insurance Group
7D
-1.3%
1Y
-5.6%