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Swiss (SMI) Market Analysis & Valuation

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies206
  • 7D1.0%
  • 3M8.7%
  • 1Y6.1%
  • YTD5.4%

In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 3.4%. Meanwhile, the market is actually up 6.1% over the past 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
Wed, 04 Mar 2026CHF 2.1tCHF 777.6bCHF 113.5b21x18.3x2.7x
Fri, 30 Jan 2026CHF 2.0tCHF 788.5bCHF 113.8b20.4x17.5x2.5x
Sun, 28 Dec 2025CHF 2.0tCHF 795.9bCHF 114.1b20.2x17.4x2.5x
Tue, 25 Nov 2025CHF 1.9tCHF 807.9bCHF 115.3b19.2x16.5x2.4x
Thu, 23 Oct 2025CHF 1.9tCHF 774.4bCHF 90.5b19.5x21x2.5x
Sat, 20 Sep 2025CHF 1.8tCHF 773.9bCHF 90.2b19.5x20.5x2.4x
Mon, 18 Aug 2025CHF 1.8tCHF 777.4bCHF 90.3b21.2x20.4x2.4x
Wed, 16 Jul 2025CHF 1.8tCHF 786.0bCHF 106.9b20.4x16.9x2.3x
Fri, 13 Jun 2025CHF 1.8tCHF 779.9bCHF 106.2b20.2x17.4x2.4x
Sun, 11 May 2025CHF 1.8tCHF 787.3bCHF 106.1b19.8x16.9x2.3x
Tue, 08 Apr 2025CHF 1.6tCHF 842.1bCHF 158.1b17.5x10.3x1.9x
Thu, 06 Mar 2025CHF 1.9tCHF 810.8bCHF 117.3b20.7x16.4x2.4x
Sat, 01 Feb 2025CHF 1.9tCHF 818.9bCHF 117.9b21.9x15.9x2.3x
Mon, 30 Dec 2024CHF 1.7tCHF 816.1bCHF 117.6b20.9x14.8x2.1x
Wed, 27 Nov 2024CHF 1.7tCHF 811.2bCHF 117.1b20x14.8x2.1x
Fri, 25 Oct 2024CHF 1.8tCHF 807.3bCHF 114.4b21.3x15.9x2.3x
Sun, 22 Sep 2024CHF 1.8tCHF 802.8bCHF 114.0b21x15.7x2.2x
Tue, 20 Aug 2024CHF 1.8tCHF 804.1bCHF 113.9b22.1x16.1x2.3x
Thu, 18 Jul 2024CHF 1.8tCHF 796.9bCHF 124.6b21.7x14.8x2.3x
Sat, 15 Jun 2024CHF 1.8tCHF 798.3bCHF 125.3b21.3x14.4x2.3x
Mon, 13 May 2024CHF 1.8tCHF 801.7bCHF 126.0b21.5x14.1x2.2x
Wed, 10 Apr 2024CHF 1.8tCHF 767.6bCHF 97.1b21.6x18.1x2.3x
Fri, 08 Mar 2024CHF 1.7tCHF 771.5bCHF 99.0b20.6x17.6x2.3x
Sun, 04 Feb 2024CHF 1.7tCHF 758.6bCHF 109.4b18.1x15.4x2.2x
Tue, 02 Jan 2024CHF 1.7tCHF 758.5bCHF 108.9b18.4x15.4x2.2x
Thu, 30 Nov 2023CHF 1.6tCHF 769.5bCHF 110.9b18.3x14.7x2.1x
Sat, 28 Oct 2023CHF 1.6tCHF 759.0bCHF 100.9b17.8x15.4x2x
Mon, 25 Sep 2023CHF 1.7tCHF 754.5bCHF 100.0b18.3x16.6x2.2x
Wed, 23 Aug 2023CHF 1.6tCHF 745.7bCHF 75.0b18x21.9x2.2x
Fri, 21 Jul 2023CHF 1.7tCHF 752.6bCHF 77.4b18.5x22.1x2.3x
Sun, 18 Jun 2023CHF 1.7tCHF 757.1bCHF 76.9b19.4x22.7x2.3x
Tue, 16 May 2023CHF 1.8tCHF 786.0bCHF 81.3b19.3x21.9x2.3x
Thu, 13 Apr 2023CHF 1.7tCHF 777.2bCHF 69.0b19.2x25.3x2.3x
Sat, 11 Mar 2023CHF 1.7tCHF 781.6bCHF 69.1b20x24.2x2.1x
Price to Earnings Ratio

24.2x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 69.1bTotal Revenue: CHF 781.6bTotal 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 17% 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 Market0.97%
Real Estate3.45%
Tech3.27%
Consumer Staples2.66%
Utilities1.50%
Industrials1.36%
Financials1.16%
Telecom1.01%
Healthcare0.79%
Materials-0.067%
Consumer Discretionary-3.43%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 20.8x.
    • 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 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 8.4% 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
KNIN Kuehne + Nagel InternationalCHF 182.805.8%
+CHF 1.2b		-10.3%PE21.3xIndustrials
TEMN TemenosCHF 71.3511.1%
+CHF 493.2m		-0.8%PE22.4xTech
SOON Sonova HoldingCHF 200.703.8%
+CHF 435.2m		-30.0%PE23xHealthcare
SPSN Swiss Prime SiteCHF 144.503.3%
+CHF 369.1m		37.5%PE30.3xReal Estate
BCVN Banque Cantonale VaudoiseCHF 117.402.4%
+CHF 240.5m		21.4%PB2.5xFinancials
See more

Market Insights

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