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Swiss (SMI) Market Analysis & Valuation

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies207
  • 7D0.8%
  • 3M9.0%
  • 1Y6.4%
  • YTD5.2%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 5.2% in that time. Meanwhile, the market is actually up 6.4% over the past year. Earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 10 May 2023CHF 1.8tCHF 785.6bCHF 81.4b19.2x21.8x2.3x
Fri, 07 Apr 2023CHF 1.7tCHF 777.4bCHF 69.1b19.3x25.3x2.2x
Sun, 05 Mar 2023CHF 1.7tCHF 783.9bCHF 70.1b19.4x24.7x2.2x
Price to Earnings Ratio

24.7x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 70.1bTotal Revenue: CHF 783.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.3x202420252026
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 17.3x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 19% 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 Market0.75%
Consumer Staples5.19%
Tech1.94%
Materials1.69%
Real Estate1.37%
Telecom0.93%
Healthcare0.51%
Industrials-0.19%
Consumer Discretionary-0.47%
Financials-0.97%
Utilities-1.08%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 30.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 1.8% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.0x.
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 growth rate of 1.8% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 8.8% 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
NESN NestléCHF 82.721.6%
+CHF 3.3b		-5.0%PE23.6xConsumer Staples
NOVN NovartisCHF 128.101.3%
+CHF 3.1b		31.2%PE22.5xHealthcare
ZURN Zurich Insurance GroupCHF 578.803.6%
+CHF 2.8b		-2.0%PE15.6xFinancials
CFR Compagnie Financière RichemontCHF 162.702.5%
+CHF 2.4b		-10.6%PE27.3xConsumer Discretionary
ABBN ABBCHF 71.041.6%
+CHF 2.0b		45.1%PE36.5xIndustrials
See more

Market Insights

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