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Swiss (SMI) Market Analysis & Valuation

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies207
  • 7D1.5%
  • 3M9.2%
  • 1Y6.3%
  • YTD4.7%

Over the last 7 days, the market has risen 1.5%, driven by gains in every sector, especially the Healthcare sector. As for the past 12 months, the market is up 6.3%. 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
Tue, 24 Feb 2026CHF 2.1tCHF 794.3bCHF 117.0b20.8x17.6x2.6x
Thu, 22 Jan 2026CHF 2.0tCHF 796.9bCHF 114.8b20.4x17.4x2.5x
Sat, 20 Dec 2025CHF 2.0tCHF 797.8bCHF 114.4b20.2x17.3x2.5x
Mon, 17 Nov 2025CHF 1.9tCHF 799.5bCHF 114.9b19.5x16.6x2.4x
Wed, 15 Oct 2025CHF 1.9tCHF 775.5bCHF 90.5b19.5x20.8x2.4x
Fri, 12 Sep 2025CHF 1.9tCHF 773.9bCHF 90.0b19.5x20.8x2.4x
Sun, 10 Aug 2025CHF 1.8tCHF 777.3bCHF 89.7b20.8x20.3x2.3x
Tue, 08 Jul 2025CHF 1.8tCHF 785.2bCHF 106.8b20.3x16.9x2.3x
Thu, 05 Jun 2025CHF 1.8tCHF 784.6bCHF 106.3b20.3x17.3x2.3x
Sat, 03 May 2025CHF 1.8tCHF 837.2bCHF 158.4b19.6x11.4x2.2x
Mon, 31 Mar 2025CHF 1.9tCHF 849.9bCHF 158.9b20x11.8x2.2x
Wed, 26 Feb 2025CHF 1.9tCHF 810.7bCHF 117.1b21.2x16.4x2.4x
Fri, 24 Jan 2025CHF 1.8tCHF 817.9bCHF 117.8b21.3x15.6x2.2x
Sun, 22 Dec 2024CHF 1.7tCHF 812.8bCHF 117.3b20.6x14.6x2.1x
Tue, 19 Nov 2024CHF 1.7tCHF 811.6bCHF 117.2b19.6x14.8x2.1x
Thu, 17 Oct 2024CHF 1.8tCHF 806.1bCHF 114.3b21.2x15.9x2.3x
Sat, 14 Sep 2024CHF 1.8tCHF 802.4bCHF 113.9b21x15.8x2.2x
Mon, 12 Aug 2024CHF 1.8tCHF 802.4bCHF 136.5b20.9x13.1x2.2x
Wed, 10 Jul 2024CHF 1.8tCHF 801.8bCHF 125.7b21.3x14.4x2.3x
Fri, 07 Jun 2024CHF 1.8tCHF 799.4bCHF 125.3b22.3x14.6x2.3x
Sun, 05 May 2024CHF 1.7tCHF 797.7bCHF 125.2b21.4x13.7x2.1x
Tue, 02 Apr 2024CHF 1.8tCHF 766.5bCHF 96.9b21.9x18.4x2.3x
Thu, 29 Feb 2024CHF 1.7tCHF 788.5bCHF 111.1b19.8x15.5x2.2x
Sat, 27 Jan 2024CHF 1.7tCHF 765.2bCHF 109.7b17.9x15.6x2.2x
Mon, 25 Dec 2023CHF 1.7tCHF 763.3bCHF 109.8b18.4x15.3x2.2x
Wed, 22 Nov 2023CHF 1.6tCHF 771.9bCHF 111.4b17.9x14.6x2.1x
Fri, 20 Oct 2023CHF 1.6tCHF 760.3bCHF 100.4b17.6x15.7x2.1x
Sun, 17 Sep 2023CHF 1.7tCHF 751.5bCHF 99.5b18.7x16.9x2.2x
Tue, 15 Aug 2023CHF 1.7tCHF 746.0bCHF 75.2b18.3x22.4x2.3x
Thu, 13 Jul 2023CHF 1.7tCHF 750.2bCHF 76.2b19.2x22.3x2.3x
Sat, 10 Jun 2023CHF 1.7tCHF 786.8bCHF 82.6b19x20.9x2.2x
Mon, 08 May 2023CHF 1.8tCHF 785.7bCHF 81.4b19.4x21.9x2.3x
Wed, 05 Apr 2023CHF 1.7tCHF 779.0bCHF 69.2b19.5x25x2.2x
Fri, 03 Mar 2023CHF 1.7tCHF 785.9bCHF 71.0b19.2x24.3x2.2x
Price to Earnings Ratio

24.3x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 71.0bTotal Revenue: CHF 785.9bTotal 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 18% 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 Market1.46%
Materials3.48%
Consumer Discretionary3.20%
Financials1.38%
Consumer Staples1.31%
Healthcare1.17%
Industrials1.17%
Utilities1.15%
Telecom1.03%
Tech0.27%
Real Estate0.26%
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 19.2%, 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 8.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 19% 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 10% 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
ROG Roche HoldingCHF 370.402.5%
+CHF 7.2b		24.3%PE22.9xHealthcare
CFR Compagnie Financière RichemontCHF 163.704.5%
+CHF 4.1b		-8.1%PE27.5xConsumer Discretionary
NESN NestléCHF 81.401.5%
+CHF 3.1b		-7.3%PE23.2xConsumer Staples
NOVN NovartisCHF 127.981.2%
+CHF 2.9b		30.0%PE22.6xHealthcare
ZURN Zurich Insurance GroupCHF 575.403.2%
+CHF 2.5b		-1.5%PE15.6xFinancials
See more

Market Insights

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