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Swiss (SMI) Market Analysis & Valuation

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies206
  • 7D-0.7%
  • 3M6.2%
  • 1Y14.0%
  • YTD6.2%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector declined by 6.0%. As for the longer term, the market has risen 14% in the past 12 months. 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
Sat, 25 Jul 2026CHF 2.1tCHF 787.5bCHF 105.3b20.3x20x2.7x
Mon, 22 Jun 2026CHF 2.0tCHF 780.6bCHF 104.7b20.1x19.5x2.6x
Wed, 20 May 2026CHF 2.0tCHF 774.0bCHF 104.2b20.9x19.2x2.6x
Fri, 17 Apr 2026CHF 2.0tCHF 778.3bCHF 109.4b21.1x18.1x2.5x
Sun, 15 Mar 2026CHF 1.9tCHF 779.7bCHF 109.5b19.8x17.5x2.5x
Tue, 10 Feb 2026CHF 2.0tCHF 787.4bCHF 117.4b21x17.2x2.6x
Thu, 08 Jan 2026CHF 2.0tCHF 798.2bCHF 115.0b20.3x17.5x2.5x
Sat, 06 Dec 2025CHF 1.9tCHF 807.3bCHF 115.2b19.3x16.9x2.4x
Mon, 03 Nov 2025CHF 1.9tCHF 800.7bCHF 114.3b19.3x16.3x2.3x
Wed, 01 Oct 2025CHF 1.8tCHF 774.3bCHF 90.4b19.5x20.3x2.4x
Fri, 29 Aug 2025CHF 1.9tCHF 775.8bCHF 90.0b20x20.7x2.4x
Sun, 27 Jul 2025CHF 1.8tCHF 792.3bCHF 108.2b20.5x17x2.3x
Tue, 24 Jun 2025CHF 1.8tCHF 780.1bCHF 106.3b19.9x16.8x2.3x
Thu, 22 May 2025CHF 1.8tCHF 786.4bCHF 106.5b20.2x17.3x2.3x
Sat, 19 Apr 2025CHF 1.7tCHF 832.5bCHF 156.8b18.6x10.9x2.1x
Mon, 17 Mar 2025CHF 1.9tCHF 849.6bCHF 158.8b19.7x11.9x2.2x
Wed, 12 Feb 2025CHF 1.9tCHF 824.5bCHF 116.9b22.2x16.1x2.3x
Fri, 10 Jan 2025CHF 1.8tCHF 819.0bCHF 117.9b20.9x15.1x2.2x
Sun, 08 Dec 2024CHF 1.8tCHF 808.5bCHF 116.8b20.9x15.1x2.2x
Tue, 05 Nov 2024CHF 1.8tCHF 808.5bCHF 117.4b20.5x15.1x2.2x
Thu, 03 Oct 2024CHF 1.8tCHF 800.7bCHF 113.7b21.5x15.9x2.3x
Sat, 31 Aug 2024CHF 1.9tCHF 801.3bCHF 113.7b21.8x16.3x2.3x
Mon, 29 Jul 2024CHF 1.8tCHF 795.1bCHF 124.5b21.7x14.7x2.3x
Wed, 26 Jun 2024CHF 1.8tCHF 800.0bCHF 125.5b21.2x14.4x2.3x
Fri, 24 May 2024CHF 1.8tCHF 808.2bCHF 126.7b21.8x14.3x2.2x
Sun, 21 Apr 2024CHF 1.7tCHF 767.2bCHF 96.8b21.2x17.8x2.2x
Tue, 19 Mar 2024CHF 1.8tCHF 768.0bCHF 98.1b20.9x17.9x2.3x
Thu, 15 Feb 2024CHF 1.7tCHF 769.8bCHF 109.8b19.4x15.5x2.2x
Sat, 13 Jan 2024CHF 1.7tCHF 761.7bCHF 109.5b18.3x15.4x2.2x
Mon, 11 Dec 2023CHF 1.7tCHF 769.6bCHF 111.0b18.5x15x2.2x
Wed, 08 Nov 2023CHF 1.6tCHF 772.5bCHF 114.2b17.6x13.9x2.1x
Fri, 06 Oct 2023CHF 1.6tCHF 756.3bCHF 100.4b18x16.1x2.1x
Sun, 03 Sep 2023CHF 1.7tCHF 747.5bCHF 98.7b18.8x17x2.2x
Tue, 01 Aug 2023CHF 1.7tCHF 740.4bCHF 75.9b18.2x22.6x2.3x
Price to Earnings Ratio

22.6x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 75.9bTotal Revenue: CHF 740.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 16.7x202420252026
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 20.0x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 2.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Swiss Market?

CH Market-0.70%
Healthcare2.67%
Utilities1.30%
Real Estate0.18%
Industrials-0.39%
Telecom-0.79%
Financials-1.40%
Tech-1.58%
Materials-2.68%
Consumer Discretionary-4.57%
Consumer Staples-5.99%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.3% which is higher than its past year's earnings decline of 23.9% 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 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 6.7% 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
ROP Roche HoldingCHF 355.106.3%
+CHF 16.6b		37.0%PE22.9xHealthcare
NOVN NovartisCHF 126.901.5%
+CHF 12.4b		36.7%PE23.1xHealthcare
ABBN ABBCHF 80.001.0%
+CHF 1.5b		50.5%PE35.7xIndustrials
EMSN EMS-CHEMIE HOLDINGCHF 789.003.8%
+CHF 678.3m		19.5%PE39.6xMaterials
BEAN BELIMO HoldingCHF 842.005.0%
+CHF 492.0m		-7.9%PE50.5xIndustrials
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

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