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Swiss (SMI) Market Analysis & Valuation

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies204
  • 7D1.9%
  • 3M5.9%
  • 1Y10.4%
  • YTD3.2%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 4.4% in that time. Meanwhile, the market is actually up 7.5% over the past year. 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
Sat, 13 Jun 2026CHF 2.0tCHF 777.2bCHF 104.3b20.6x19.5x2.6x
Mon, 11 May 2026CHF 2.0tCHF 771.3bCHF 102.8b20.6x19.2x2.6x
Wed, 08 Apr 2026CHF 1.9tCHF 782.6bCHF 109.8b20.2x17.4x2.4x
Fri, 06 Mar 2026CHF 2.0tCHF 779.7bCHF 113.4b20.8x17.5x2.5x
Sun, 01 Feb 2026CHF 2.0tCHF 788.3bCHF 117.6b20.3x17x2.5x
Tue, 30 Dec 2025CHF 2.0tCHF 796.1bCHF 114.1b20.2x17.4x2.5x
Thu, 27 Nov 2025CHF 1.9tCHF 806.9bCHF 115.2b19.3x16.8x2.4x
Sat, 25 Oct 2025CHF 1.9tCHF 773.8bCHF 90.3b19.6x21.1x2.5x
Mon, 22 Sep 2025CHF 1.8tCHF 773.9bCHF 90.2b19.2x20.5x2.4x
Wed, 20 Aug 2025CHF 1.9tCHF 777.5bCHF 90.4b21.2x20.6x2.4x
Fri, 18 Jul 2025CHF 1.8tCHF 786.8bCHF 107.0b20.4x17x2.3x
Sun, 15 Jun 2025CHF 1.8tCHF 779.6bCHF 106.2b20.1x17.1x2.3x
Tue, 13 May 2025CHF 1.8tCHF 791.7bCHF 106.6b20x17x2.3x
Thu, 10 Apr 2025CHF 1.6tCHF 841.9bCHF 158.1b17.8x10.2x1.9x
Sat, 08 Mar 2025CHF 1.9tCHF 807.3bCHF 117.3b20.5x16.4x2.4x
Mon, 03 Feb 2025CHF 1.9tCHF 822.2bCHF 115.5b22.2x16.2x2.3x
Wed, 01 Jan 2025CHF 1.7tCHF 817.5bCHF 117.7b21x14.8x2.1x
Fri, 29 Nov 2024CHF 1.7tCHF 810.0bCHF 117.0b20.2x14.9x2.2x
Sun, 27 Oct 2024CHF 1.8tCHF 807.3bCHF 114.4b21.3x15.9x2.3x
Tue, 24 Sep 2024CHF 1.8tCHF 802.8bCHF 114.0b21x15.7x2.2x
Thu, 22 Aug 2024CHF 1.8tCHF 800.4bCHF 113.7b21.8x16.1x2.3x
Sat, 20 Jul 2024CHF 1.8tCHF 798.9bCHF 125.9b21.2x14.5x2.3x
Mon, 17 Jun 2024CHF 1.8tCHF 798.3bCHF 125.3b21.3x14.4x2.3x
Wed, 15 May 2024CHF 1.8tCHF 802.2bCHF 126.1b21.7x14.1x2.2x
Fri, 12 Apr 2024CHF 1.7tCHF 769.4bCHF 97.2b21.9x18x2.3x
Sun, 10 Mar 2024CHF 1.7tCHF 775.5bCHF 99.1b20.3x17.6x2.3x
Tue, 06 Feb 2024CHF 1.7tCHF 758.4bCHF 109.6b18.7x15.4x2.2x
Thu, 04 Jan 2024CHF 1.7tCHF 761.4bCHF 109.5b18.2x15.3x2.2x
Sat, 02 Dec 2023CHF 1.6tCHF 767.4bCHF 110.5b18.6x14.8x2.1x
Mon, 30 Oct 2023CHF 1.6tCHF 759.0bCHF 100.9b17.8x15.4x2x
Wed, 27 Sep 2023CHF 1.6tCHF 756.2bCHF 100.4b18.1x16.4x2.2x
Fri, 25 Aug 2023CHF 1.7tCHF 746.4bCHF 75.1b18.1x22.1x2.2x
Sun, 23 Jul 2023CHF 1.7tCHF 752.5bCHF 77.4b18.6x22.1x2.3x
Tue, 20 Jun 2023CHF 1.7tCHF 757.6bCHF 77.0b19x22.5x2.3x
Price to Earnings Ratio

22.5x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 77.0bTotal Revenue: CHF 757.6bTotal 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 19.3x which is higher than its 3-year average PE of 16.8x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 11% 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 Market1.87%
Consumer Discretionary7.91%
Consumer Staples3.19%
Materials2.52%
Financials1.91%
Healthcare1.86%
Real Estate1.01%
Telecom0.58%
Industrials-0.63%
Tech-1.90%
Utilities-3.75%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 28.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.6% 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 21% 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 7.0% 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
CFR Compagnie Financière RichemontCHF 178.908.7%
+CHF 8.4b		18.9%PE33xConsumer Discretionary
NOVN NovartisCHF 122.083.5%
+CHF 7.5b		25.6%PE20.7xHealthcare
NESN NestléCHF 79.813.7%
+CHF 7.3b		-5.3%PE22.7xConsumer Staples
UBSG UBS GroupCHF 38.903.4%
+CHF 3.9b		49.0%PE16.3xFinancials
GIVN GivaudanCHF 3.18k10.9%
+CHF 2.9b		-22.8%PE27.4xMaterials
See more

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ROP
CHF 330.00
Roche Holding
7D
0.9%
1Y
22.4%
SOON
CHF 200.60
Sonova Holding
7D
-3.9%
1Y
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NESN
CHF 79.81
Nestlé
7D
3.7%
1Y
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LOGN
CHF 88.40
Logitech International
7D
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1Y
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NOVN
CHF 122.08
Novartis
7D
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1Y
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KARN
CHF 215.50
Kardex Holding
7D
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1Y
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UBSG
CHF 38.90
UBS Group
7D
3.4%
1Y
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TEMN
CHF 64.30
Temenos
7D
-8.1%
1Y
7.7%
GIVN
CHF 3,182.00
Givaudan
7D
10.9%
1Y
-22.8%
Narrative Update • Jun 09

GIVN: Pricing Power And Eurofragance Deal Will Support Future Margin Resilience

The analyst price target for Givaudan has been adjusted slightly to CHF 3,415 from CHF 3,447. This reflects a blend of cautious tweaks to growth and discount rate assumptions.
ABBN
CHF 81.62
ABB
7D
-1.8%
1Y
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ZURN
CHF 563.80
Zurich Insurance Group
7D
2.5%
1Y
0.5%
Narrative Update • Jun 05

ZURN: Future Returns Will Reflect Beazley Integration And Persistent Cyclical Pricing Pressures

Analysts have modestly raised the fair value estimate for Zurich Insurance Group, with the updated price target moving from CHF 574.68 to CHF 580.51 as they factor in slightly higher projected revenue growth, stable margins and neutral ratings that acknowledge both new growth opportunities and ongoing pricing pressures. Analyst Commentary Recent research coverage has coalesced around neutral ratings, with analysts broadly agreeing that Zurich Insurance Group offers a balanced mix of growth opportunities and execution risks.
GALD
CHF 172.15
Galderma Group
7D
6.6%
1Y
54.7%
Narrative Update • Jun 03

GALD: Rising Optimism Will Meet Acne Franchise Concentration Risk

Analysts have lifted the Galderma Group price target by about CHF 1 to roughly CHF 183.50, reflecting updated views on fair value, slightly adjusted revenue growth and profit margin assumptions, and continued supportive research commentary across several firms. Analyst Commentary Recent research has focused on how Galderma can execute on its growth plans while justifying higher valuation ranges, with several firms adjusting price targets and ratings in quick succession.
SCHN
CHF 251.00
Schindler Holding
7D
-1.8%
1Y
-12.7%
Narrative Update • Jun 03

SCHN: Refined Discount Rate And P/E Framework Will Support Gradual Bullish Repricing

Analysts have nudged their price target on Schindler Holding higher by about CHF 2 to reflect slightly adjusted fair value estimates, fine tuned discount rate and growth assumptions, and updated P/E expectations following recent research updates at major banks. Analyst Commentary Recent research updates frame Schindler Holding as a stock where expectations are being fine tuned rather than dramatically reset, with price targets adjusted by a few francs and views focused on how reliably the company can execute against current assumptions.
BKW
CHF 139.00
BKW
7D
-5.0%
1Y
-19.4%
Narrative Update • Jun 02

BKW: Neutral Outlook Will Center On CHF 160 And German Storage Execution

Analysts have kept their CHF price target for BKW unchanged, citing steady assumptions for fair value at CHF 164.48, a discount rate of 3.94%, revenue growth of 3.38%, a profit margin of 10.02% and a future P/E of 20.19x. What's in the News Trianel, BKW and Luxcara secured permits for a 900 MW battery storage project in Germany, expanding large scale energy storage capacity to support renewable integration (source: recent project announcement).
CFR
CHF 178.90
Compagnie Financière Richemont
7D
8.7%
1Y
18.9%
AMRZ
CHF 41.96
Amrize
7D
-1.8%
1Y
n/a