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Swiss (SMI) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies206
  • 7D2.4%
  • 3M3.3%
  • 1Y7.6%
  • YTD6.8%

The market has climbed 2.4% in the last 7 days, lead by the Healthcare sector with a gain of 4.1%. Meanwhile, the Communication Services sector has underperformed, shrinking 4.7% in that time. As for the past 12 months, the market is up 7.6%. 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
Sun, 16 Nov 2025CHF 1.9tCHF 799.1bCHF 113.8b19.7x16.9x2.4x
Tue, 14 Oct 2025CHF 1.9tCHF 776.0bCHF 90.4b19.5x20.9x2.4x
Thu, 11 Sep 2025CHF 1.9tCHF 775.0bCHF 90.1b19.5x20.7x2.4x
Sat, 09 Aug 2025CHF 1.8tCHF 776.2bCHF 89.9b20.7x20.3x2.4x
Mon, 07 Jul 2025CHF 1.8tCHF 784.4bCHF 106.7b20.2x16.9x2.3x
Wed, 04 Jun 2025CHF 1.8tCHF 786.3bCHF 106.5b20.2x17.2x2.3x
Fri, 02 May 2025CHF 1.8tCHF 838.2bCHF 157.9b19.4x11.3x2.1x
Sun, 30 Mar 2025CHF 1.9tCHF 849.8bCHF 158.9b20x11.8x2.2x
Tue, 25 Feb 2025CHF 1.9tCHF 811.8bCHF 117.3b21.2x16.3x2.4x
Thu, 23 Jan 2025CHF 1.8tCHF 817.8bCHF 117.8b21.3x15.4x2.2x
Sat, 21 Dec 2024CHF 1.7tCHF 812.7bCHF 117.3b20.6x14.6x2.1x
Mon, 18 Nov 2024CHF 1.7tCHF 811.6bCHF 117.2b19.8x14.8x2.1x
Wed, 16 Oct 2024CHF 1.8tCHF 805.2bCHF 114.2b21.1x16x2.3x
Fri, 13 Sep 2024CHF 1.8tCHF 803.3bCHF 114.0b20.9x15.7x2.2x
Sun, 11 Aug 2024CHF 1.8tCHF 802.5bCHF 136.5b20.9x13.1x2.2x
Tue, 09 Jul 2024CHF 1.8tCHF 801.6bCHF 126.0b21.4x14.4x2.3x
Thu, 06 Jun 2024CHF 1.8tCHF 800.5bCHF 125.5b22.1x14.5x2.3x
Sat, 04 May 2024CHF 1.7tCHF 797.7bCHF 125.2b21.4x13.7x2.1x
Mon, 01 Apr 2024CHF 1.8tCHF 766.5bCHF 96.9b21.9x18.4x2.3x
Wed, 28 Feb 2024CHF 1.7tCHF 789.2bCHF 110.7b19.9x15.6x2.2x
Fri, 26 Jan 2024CHF 1.7tCHF 765.8bCHF 110.4b17.7x15.2x2.2x
Sun, 24 Dec 2023CHF 1.7tCHF 763.3bCHF 109.8b18.4x15.3x2.2x
Tue, 21 Nov 2023CHF 1.6tCHF 772.3bCHF 111.4b18x14.6x2.1x
Thu, 19 Oct 2023CHF 1.6tCHF 760.9bCHF 100.6b17.9x15.9x2.1x
Sat, 16 Sep 2023CHF 1.7tCHF 750.8bCHF 99.4b18.8x16.8x2.2x
Mon, 14 Aug 2023CHF 1.7tCHF 745.8bCHF 75.2b18.2x22.3x2.3x
Wed, 12 Jul 2023CHF 1.7tCHF 753.3bCHF 76.5b18.8x22x2.2x
Fri, 09 Jun 2023CHF 1.7tCHF 786.4bCHF 82.5b19x21x2.2x
Sun, 07 May 2023CHF 1.8tCHF 785.8bCHF 81.4b19.4x21.9x2.3x
Tue, 04 Apr 2023CHF 1.7tCHF 780.4bCHF 69.3b19.4x25x2.2x
Thu, 02 Mar 2023CHF 1.7tCHF 785.3bCHF 71.0b19.4x24.1x2.2x
Sat, 28 Jan 2023CHF 1.8tCHF 787.0bCHF 94.4b17.9x18.8x2.3x
Mon, 26 Dec 2022CHF 1.7tCHF 787.4bCHF 94.1b17.5x17.7x2.1x
Wed, 23 Nov 2022CHF 1.7tCHF 792.9bCHF 95.5b17.7x18x2.2x
Price to Earnings Ratio

18x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 95.5bTotal Revenue: CHF 792.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.5x202320242025
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 17.5x.
Past Earnings Growth
  • The earnings for Swiss listed companies have grown 6.0% 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 Market2.36%
Consumer Discretionary9.47%
Healthcare4.15%
Consumer Staples1.23%
Financials1.06%
Materials0.92%
Tech0.72%
Industrials0.69%
Real Estate-0.35%
Utilities-0.81%
Telecom-4.70%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 19.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.6% which is higher than its past year's earnings decline of 1.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.6x.
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 1.2% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 9.1% 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
ROG Roche HoldingCHF 286.106.6%
+CHF 15.1b		11.8%PE25.8xHealthcare
CFR Compagnie Financière RichemontCHF 170.9510.3%
+CHF 9.4b		42.3%PE28.9xConsumer Discretionary
NOVN NovartisCHF 104.422.4%
+CHF 4.6b		13.9%PE17.5xHealthcare
NESN NestléCHF 80.311.5%
+CHF 3.1b		3.6%PE20xConsumer Staples
UBSG UBS GroupCHF 30.881.7%
+CHF 1.7b		10.0%PE16.8xFinancials
See more

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