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Swiss (SMI) Market Analysis & Valuation

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies206
  • 7D-5.7%
  • 3M2.2%
  • 1Y0.8%
  • YTD-0.5%

Over the last 7 days, the market has dropped 3.9%, driven by a decline of 2.9% in the Healthcare sector. Overall the market has been flat 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
Sat, 07 Mar 2026CHF 2.0tCHF 773.6bCHF 108.7b21.1x18x2.5x
Mon, 02 Feb 2026CHF 2.0tCHF 788.3bCHF 117.6b20.3x17x2.5x
Wed, 31 Dec 2025CHF 2.0tCHF 796.4bCHF 114.7b20.4x17.3x2.5x
Fri, 28 Nov 2025CHF 1.9tCHF 806.9bCHF 115.2b19.5x16.8x2.4x
Sun, 26 Oct 2025CHF 1.9tCHF 773.5bCHF 90.3b19.6x21.1x2.5x
Tue, 23 Sep 2025CHF 1.8tCHF 773.0bCHF 90.1b19.1x20.5x2.4x
Thu, 21 Aug 2025CHF 1.9tCHF 776.3bCHF 90.2b21x20.8x2.4x
Sat, 19 Jul 2025CHF 1.8tCHF 788.1bCHF 107.6b20.4x16.9x2.3x
Mon, 16 Jun 2025CHF 1.8tCHF 779.6bCHF 106.2b20.1x17.1x2.3x
Wed, 14 May 2025CHF 1.8tCHF 790.2bCHF 106.4b20x17x2.3x
Fri, 11 Apr 2025CHF 1.7tCHF 831.7bCHF 157.0b18.1x10.5x2x
Sun, 09 Mar 2025CHF 1.9tCHF 808.1bCHF 117.4b20x16.3x2.4x
Tue, 04 Feb 2025CHF 1.9tCHF 822.9bCHF 115.6b22x16.2x2.3x
Thu, 02 Jan 2025CHF 1.7tCHF 817.2bCHF 117.7b21x14.8x2.1x
Sat, 30 Nov 2024CHF 1.8tCHF 809.6bCHF 117.0b20.4x15x2.2x
Mon, 28 Oct 2024CHF 1.8tCHF 804.1bCHF 115.3b21.3x15.8x2.3x
Wed, 25 Sep 2024CHF 1.8tCHF 800.2bCHF 113.8b21x15.8x2.3x
Fri, 23 Aug 2024CHF 1.8tCHF 800.4bCHF 113.7b21.9x16.2x2.3x
Sun, 21 Jul 2024CHF 1.8tCHF 798.9bCHF 125.9b21.3x14.5x2.3x
Tue, 18 Jun 2024CHF 1.8tCHF 798.4bCHF 125.3b21.6x14.4x2.3x
Thu, 16 May 2024CHF 1.8tCHF 801.2bCHF 125.9b21.8x14.3x2.2x
Sat, 13 Apr 2024CHF 1.7tCHF 768.7bCHF 97.1b21.6x17.9x2.3x
Mon, 11 Mar 2024CHF 1.7tCHF 775.5bCHF 99.1b20.3x17.6x2.3x
Wed, 07 Feb 2024CHF 1.7tCHF 764.9bCHF 110.1b19x15.5x2.2x
Fri, 05 Jan 2024CHF 1.7tCHF 761.1bCHF 109.4b18.4x15.4x2.2x
Sun, 03 Dec 2023CHF 1.6tCHF 766.9bCHF 110.5b18.6x14.9x2.1x
Tue, 31 Oct 2023CHF 1.6tCHF 759.3bCHF 100.9b17.8x15.4x2.1x
Thu, 28 Sep 2023CHF 1.6tCHF 757.5bCHF 100.7b18.2x16.2x2.2x
Sat, 26 Aug 2023CHF 1.7tCHF 747.4bCHF 75.0b18.8x22.1x2.2x
Mon, 24 Jul 2023CHF 1.7tCHF 752.5bCHF 77.4b18.6x22.1x2.3x
Wed, 21 Jun 2023CHF 1.7tCHF 758.2bCHF 77.1b19x22.3x2.3x
Fri, 19 May 2023CHF 1.8tCHF 787.4bCHF 82.7b19.3x21.2x2.2x
Sun, 16 Apr 2023CHF 1.8tCHF 776.7bCHF 69.0b19.4x25.6x2.3x
Tue, 14 Mar 2023CHF 1.7tCHF 778.9bCHF 68.9b19.5x24x2.1x
Price to Earnings Ratio

24x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 68.9bTotal Revenue: CHF 778.9bTotal 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 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 Market-5.65%
Telecom-0.36%
Real Estate-0.60%
Utilities-1.62%
Tech-3.51%
Consumer Staples-4.12%
Financials-5.36%
Healthcare-5.65%
Industrials-6.60%
Materials-7.92%
Consumer Discretionary-9.56%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 20.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings growth of 8.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 7.9x.
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 8.6% 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
GALD Galderma GroupCHF 156.006.9%
+CHF 2.0b		56.9%PE76.8xHealthcare
VZN VZ HoldingCHF 148.802.8%
+CHF 157.5m		-5.3%PE24.9xFinancials
ARYN ARYZTACHF 61.5010.8%
+CHF 154.0m		-17.4%PE16xConsumer Staples
LUKN Luzerner KantonalbankCHF 106.402.7%
+CHF 138.1m		54.9%PB1.2xFinancials
BEKN Berner KantonalbankCHF 383.003.5%
+CHF 120.3m		53.8%PB1.2xFinancials
See more

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