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Swiss (SMI) Market Analysis & Valuation

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies204
  • 7D-1.1%
  • 3M-1.0%
  • 1Y7.4%
  • YTD1.0%

Over the last 7 days, the market has dropped 1.1%, driven by a decline of 4.3% in the Healthcare sector. Meanwhile, the Consumer Discretionary sector has outperformed, gaining 5.7% in that time. In the last year, the market is actually up 7.4%. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026CHF 2.0tCHF 773.2bCHF 103.7b20.4x19.2x2.6x
Sat, 02 May 2026CHF 2.0tCHF 772.9bCHF 103.2b20.4x19.1x2.6x
Mon, 30 Mar 2026CHF 1.9tCHF 782.6bCHF 109.9b19.7x17.1x2.4x
Wed, 25 Feb 2026CHF 2.1tCHF 793.7bCHF 116.9b20.8x17.7x2.6x
Fri, 23 Jan 2026CHF 2.0tCHF 796.1bCHF 114.7b20.8x17.5x2.5x
Sun, 21 Dec 2025CHF 2.0tCHF 797.9bCHF 114.4b20.2x17.3x2.5x
Tue, 18 Nov 2025CHF 1.9tCHF 803.0bCHF 114.8b19.2x16.5x2.4x
Thu, 16 Oct 2025CHF 1.9tCHF 773.5bCHF 90.1b19.5x21x2.4x
Sat, 13 Sep 2025CHF 1.9tCHF 774.2bCHF 90.0b19.4x20.7x2.4x
Mon, 11 Aug 2025CHF 1.8tCHF 777.3bCHF 89.7b20.8x20.3x2.3x
Wed, 09 Jul 2025CHF 1.8tCHF 784.5bCHF 106.7b20.3x17x2.3x
Fri, 06 Jun 2025CHF 1.8tCHF 785.2bCHF 106.4b20.4x17.3x2.3x
Sun, 04 May 2025CHF 1.8tCHF 837.1bCHF 158.2b19.6x11.5x2.2x
Tue, 01 Apr 2025CHF 1.8tCHF 851.0bCHF 159.0b19.7x11.6x2.2x
Thu, 27 Feb 2025CHF 1.9tCHF 810.9bCHF 117.0b21.4x16.4x2.4x
Sat, 25 Jan 2025CHF 1.8tCHF 817.5bCHF 117.7b21.4x15.6x2.2x
Mon, 23 Dec 2024CHF 1.7tCHF 812.8bCHF 117.3b20.6x14.6x2.1x
Wed, 20 Nov 2024CHF 1.7tCHF 809.9bCHF 117.0b19.6x14.7x2.1x
Fri, 18 Oct 2024CHF 1.8tCHF 806.4bCHF 114.4b21.3x16x2.3x
Sun, 15 Sep 2024CHF 1.8tCHF 802.4bCHF 113.9b21x15.8x2.2x
Tue, 13 Aug 2024CHF 1.8tCHF 802.6bCHF 136.5b21.1x13.1x2.2x
Thu, 11 Jul 2024CHF 1.8tCHF 802.6bCHF 125.8b21.3x14.5x2.3x
Sat, 08 Jun 2024CHF 1.8tCHF 801.1bCHF 125.6b22x14.6x2.3x
Mon, 06 May 2024CHF 1.7tCHF 797.8bCHF 125.2b21.3x13.7x2.1x
Wed, 03 Apr 2024CHF 1.8tCHF 768.3bCHF 97.2b21.7x18.1x2.3x
Fri, 01 Mar 2024CHF 1.7tCHF 790.1bCHF 111.4b19.9x15.4x2.2x
Sun, 28 Jan 2024CHF 1.7tCHF 765.2bCHF 109.7b17.9x15.6x2.2x
Tue, 26 Dec 2023CHF 1.7tCHF 763.3bCHF 109.8b18.4x15.3x2.2x
Thu, 23 Nov 2023CHF 1.6tCHF 772.2bCHF 111.5b17.8x14.7x2.1x
Sat, 21 Oct 2023CHF 1.6tCHF 759.1bCHF 100.3b17.6x15.6x2.1x
Mon, 18 Sep 2023CHF 1.7tCHF 751.5bCHF 99.5b18.7x16.9x2.2x
Wed, 16 Aug 2023CHF 1.7tCHF 745.9bCHF 75.2b18.3x22.1x2.2x
Fri, 14 Jul 2023CHF 1.7tCHF 748.2bCHF 76.0b19.3x22.4x2.3x
Sun, 11 Jun 2023CHF 1.7tCHF 787.1bCHF 82.6b19.3x20.9x2.2x
Price to Earnings Ratio

20.9x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 82.6bTotal Revenue: CHF 787.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 16.8x202420252026
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 19.2x which is higher than its 3-year average PE of 16.8x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 7.9% 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-1.12%
Tech8.31%
Consumer Discretionary5.65%
Materials2.13%
Industrials1.43%
Real Estate-0.28%
Utilities-0.89%
Telecom-1.13%
Financials-1.41%
Consumer Staples-1.69%
Healthcare-4.33%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 28.4x.
    • 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 14.4% 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 20% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 7.1% 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
ABBN ABBCHF 85.562.2%
+CHF 3.4b		81.2%PE40.5xIndustrials
KNIN Kuehne + Nagel InternationalCHF 188.006.5%
+CHF 1.4b		1.1%PE26.7xIndustrials
LOGN Logitech InternationalCHF 95.9210.8%
+CHF 1.3b		39.2%PE24.6xTech
UBSG UBS GroupCHF 37.451.1%
+CHF 1.3b		38.9%PE15.8xFinancials
BEAN BELIMO HoldingCHF 881.008.1%
+CHF 811.8m		8.6%PE59.7xIndustrials
See more

Market Insights

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LOGN
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UBSG
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1.1%
1Y
38.9%
Narrative Update • Jun 02

UBSG: Capital Flexibility And Buybacks Will Support Future Repricing Potential

Narrative Update: UBS Group Analyst Price Target Shift The updated analyst price work on UBS Group points to a small adjustment in fair value, with the target moving by about CHF 1. Analysts are factoring in revised discount rates, slightly different profit margin expectations, and updated forward P/E assumptions supported by recent price target changes clustered around CHF 40.
SREN
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-4.2%
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SREN: Soft Cycle Concerns Expected To Re Rate Catastrophe Exposure Potential

Analysts have trimmed the Swiss Re fair value estimate from CHF 146.65 to CHF 145.49 after several firms cut their price targets into a CHF 112 to CHF 145 range, citing concerns that soft cycle pressures may not be fully captured in current earnings expectations. Analyst Commentary Recent research on Swiss Re reflects a mixed backdrop, but there are still some constructive signals for investors to weigh.
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Dottikon ES Holding
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KNIN
CHF 188.00
Kuehne + Nagel International
7D
6.5%
1Y
1.1%
Narrative Update • Jun 01

KNIN: Dividend Support And Recent Rating Upgrade Will Drive Re Rating

Narrative Update The analyst price target for Kuehne + Nagel International has been lifted modestly, with several recent CHF-based target increases. These include moves to CHF 183, CHF 170 and CHF 155, as analysts balance upgraded ratings with some downgrades and refreshed views on discount rate, revenue growth, profit margin and future P/E assumptions.
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GIVN
CHF 2,808.00
Givaudan
7D
-4.4%
1Y
-33.5%
Narrative Update • May 26

GIVN: AI Beauty Partnership Will Support Future Re Rating Potential

Analysts have trimmed their Givaudan fair value estimate from CHF 5,040 to about CHF 4,284, reflecting expectations of lower revenue growth, slightly softer profit margins, a modestly reduced discount rate, and a lower future P/E multiple following a series of recent target cuts and rating changes. Analyst Commentary Recent Street research on Givaudan has been mixed, with several cuts to price targets and rating changes, but not all commentary has been negative.
BEAN
CHF 881.00
BELIMO Holding
7D
8.1%
1Y
8.6%
Narrative Update • May 25

BEAN: Data Center Cooling Upside Will Support Premium Future P E

Analysts kept the fair value for BELIMO Holding steady at CHF 1,060, with only modest tweaks to growth and margin assumptions. Recent Street research highlights both the perceived quality of its data center liquid cooling opportunity and some caution around tariff driven earnings pressure.
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CHF 618.20
VAT Group
7D
2.2%
1Y
92.0%
Narrative Update • May 25

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ABBN
CHF 85.56
ABB
7D
2.2%
1Y
81.2%
STMN
CHF 93.84
Straumann Holding
7D
3.1%
1Y
-11.9%
Narrative Update • May 22

STMN: Cautious CHF 81 Fair Value Will Likely Limit Near-Term Upside

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Amrize
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Zurich Insurance Group
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-3.9%
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