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Swiss (SMI) Market Analysis & Valuation

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies206
  • 7D-2.1%
  • 3M2.0%
  • 1Y3.4%
  • YTD-0.8%

Over the last 7 days, the market has dropped 2.1%, driven by a decline of 3.6% in the Healthcare sector. As for the longer term, the market has actually risen by 3.4% in the last year. 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
Wed, 11 Mar 2026CHF 2.0tCHF 775.5bCHF 108.8b20x18x2.5x
Fri, 06 Feb 2026CHF 2.0tCHF 790.5bCHF 117.7b20.8x17.1x2.5x
Sun, 04 Jan 2026CHF 2.0tCHF 796.7bCHF 114.8b20.3x17.3x2.5x
Tue, 02 Dec 2025CHF 1.9tCHF 806.6bCHF 115.1b19.4x16.8x2.4x
Thu, 30 Oct 2025CHF 1.9tCHF 776.4bCHF 91.0b19.4x20.6x2.4x
Sat, 27 Sep 2025CHF 1.8tCHF 774.4bCHF 90.3b19x20.1x2.3x
Mon, 25 Aug 2025CHF 1.9tCHF 775.9bCHF 90.0b20.8x20.8x2.4x
Wed, 23 Jul 2025CHF 1.8tCHF 784.7bCHF 107.0b20.3x16.9x2.3x
Fri, 20 Jun 2025CHF 1.8tCHF 781.3bCHF 106.4b19.9x16.8x2.3x
Sun, 18 May 2025CHF 1.8tCHF 790.7bCHF 106.8b20.2x17.2x2.3x
Tue, 15 Apr 2025CHF 1.7tCHF 831.3bCHF 156.7b18.4x10.8x2x
Thu, 13 Mar 2025CHF 1.9tCHF 850.4bCHF 158.5b19.8x11.9x2.2x
Sat, 08 Feb 2025CHF 1.9tCHF 823.2bCHF 116.8b21.9x16x2.3x
Mon, 06 Jan 2025CHF 1.7tCHF 817.7bCHF 117.8b21x14.8x2.1x
Wed, 04 Dec 2024CHF 1.8tCHF 810.5bCHF 117.1b20.7x15.1x2.2x
Fri, 01 Nov 2024CHF 1.8tCHF 808.3bCHF 117.7b20.7x15.2x2.2x
Sun, 29 Sep 2024CHF 1.8tCHF 795.9bCHF 114.6b22x16x2.3x
Tue, 27 Aug 2024CHF 1.8tCHF 801.0bCHF 113.7b22.2x16.2x2.3x
Thu, 25 Jul 2024CHF 1.8tCHF 797.7bCHF 125.8b21.8x14.5x2.3x
Sat, 22 Jun 2024CHF 1.8tCHF 799.8bCHF 125.5b21.7x14.4x2.3x
Mon, 20 May 2024CHF 1.8tCHF 802.4bCHF 126.4b21.9x14.3x2.3x
Wed, 17 Apr 2024CHF 1.7tCHF 768.0bCHF 97.0b21.6x17.9x2.3x
Fri, 15 Mar 2024CHF 1.8tCHF 776.4bCHF 98.7b20.9x17.8x2.3x
Sun, 11 Feb 2024CHF 1.7tCHF 766.6bCHF 109.2b19.3x15.4x2.2x
Tue, 09 Jan 2024CHF 1.7tCHF 760.0bCHF 109.2b18.2x15.5x2.2x
Thu, 07 Dec 2023CHF 1.7tCHF 767.9bCHF 110.7b18.3x14.9x2.2x
Sat, 04 Nov 2023CHF 1.6tCHF 758.7bCHF 101.1b17.9x15.8x2.1x
Mon, 02 Oct 2023CHF 1.6tCHF 751.1bCHF 99.9b18.5x16.4x2.2x
Wed, 30 Aug 2023CHF 1.7tCHF 746.0bCHF 74.9b19.3x22.4x2.2x
Fri, 28 Jul 2023CHF 1.7tCHF 739.9bCHF 76.5b18.3x22.2x2.3x
Sun, 25 Jun 2023CHF 1.7tCHF 757.7bCHF 77.0b18.9x22.3x2.3x
Tue, 23 May 2023CHF 1.8tCHF 786.0bCHF 82.6b19.1x21.5x2.3x
Thu, 20 Apr 2023CHF 1.8tCHF 775.8bCHF 69.1b19.6x25.6x2.3x
Sat, 18 Mar 2023CHF 1.7tCHF 783.9bCHF 70.0b19.2x23.6x2.1x
Price to Earnings Ratio

23.6x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 70.0bTotal Revenue: CHF 783.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.2x202420252026
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 17.2x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 16% 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-2.10%
Utilities0.87%
Financials0.27%
Telecom0.17%
Consumer Discretionary-0.22%
Tech-0.22%
Real Estate-1.09%
Industrials-1.40%
Consumer Staples-2.82%
Healthcare-3.61%
Materials-3.78%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 29.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.0% which is higher than its past year's earnings decline of 5.7% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 7.8x.
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 5.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 9.8% 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
ZURN Zurich Insurance GroupCHF 534.20-0.4%
CHF 3.4b		-9.9%PE15.1xFinancials
GALD Galderma GroupCHF 154.607.5%
+CHF 2.1b		71.4%PE76xHealthcare
ABBN ABBCHF 68.021.2%
+CHF 1.5b		39.2%PE34.8xIndustrials
VZN VZ HoldingCHF 152.206.9%
+CHF 386.0m		-0.4%PE25.4xFinancials
SLHN Swiss Life HoldingCHF 841.601.6%
+CHF 385.3m		9.1%PE20.2xFinancials
See more

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