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Swiss (SMI) Market Analysis & Valuation

UpdatedSep 23, 2025
DataAggregated Company Financials
Companies208
  • 7D-0.6%
  • 3M1.5%
  • 1Y1.4%
  • YTD3.7%

In the last week, the market has been flat, with a notable exception in the Materials sector dropping 4.7%. Similarly, the market is flat for the past 12 months. Earnings are forecast to grow by 11% annually.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Sep 2025CHF 1.8tCHF 773.0bCHF 90.1b19.1x20.5x2.4x
Fri, 22 Aug 2025CHF 1.9tCHF 778.0bCHF 90.4b20.8x20.7x2.4x
Sun, 20 Jul 2025CHF 1.8tCHF 787.6bCHF 107.5b20.4x17x2.3x
Tue, 17 Jun 2025CHF 1.8tCHF 781.1bCHF 106.4b20.1x17.1x2.3x
Thu, 15 May 2025CHF 1.8tCHF 791.4bCHF 106.6b20.1x17x2.3x
Sat, 12 Apr 2025CHF 1.7tCHF 832.0bCHF 156.7b18.2x10.6x2x
Mon, 10 Mar 2025CHF 1.9tCHF 848.9bCHF 158.3b19.8x12.1x2.3x
Wed, 05 Feb 2025CHF 1.9tCHF 822.0bCHF 116.5b21.7x16x2.3x
Fri, 03 Jan 2025CHF 1.7tCHF 817.2bCHF 117.7b21x14.8x2.1x
Sun, 01 Dec 2024CHF 1.8tCHF 809.2bCHF 116.9b20.4x15x2.2x
Tue, 29 Oct 2024CHF 1.8tCHF 803.6bCHF 115.2b21.2x15.9x2.3x
Thu, 26 Sep 2024CHF 1.8tCHF 799.2bCHF 114.8b21x15.8x2.3x
Sat, 24 Aug 2024CHF 1.8tCHF 799.3bCHF 113.8b22.2x16.2x2.3x
Mon, 22 Jul 2024CHF 1.8tCHF 798.7bCHF 125.8b21.3x14.5x2.3x
Wed, 19 Jun 2024CHF 1.8tCHF 796.3bCHF 125.0b21.7x14.5x2.3x
Fri, 17 May 2024CHF 1.8tCHF 802.2bCHF 126.0b21.7x14.3x2.2x
Sun, 14 Apr 2024CHF 1.7tCHF 768.7bCHF 97.1b21.6x17.9x2.3x
Tue, 12 Mar 2024CHF 1.8tCHF 775.6bCHF 99.0b20.4x17.7x2.3x
Thu, 08 Feb 2024CHF 1.7tCHF 766.3bCHF 109.2b19.2x15.6x2.2x
Sat, 06 Jan 2024CHF 1.7tCHF 760.5bCHF 109.3b18.2x15.4x2.2x
Mon, 04 Dec 2023CHF 1.6tCHF 766.9bCHF 110.5b18.6x14.9x2.1x
Wed, 01 Nov 2023CHF 1.6tCHF 761.7bCHF 101.4b17.9x15.4x2.1x
Fri, 29 Sep 2023CHF 1.6tCHF 756.5bCHF 100.4b18.3x16.3x2.2x
Sun, 27 Aug 2023CHF 1.7tCHF 746.9bCHF 74.9b18.9x22.1x2.2x
Tue, 25 Jul 2023CHF 1.7tCHF 752.5bCHF 77.4b18.3x22.1x2.3x
Thu, 22 Jun 2023CHF 1.7tCHF 758.1bCHF 77.0b18.9x22.2x2.3x
Sat, 20 May 2023CHF 1.8tCHF 785.9bCHF 82.6b19.3x21.5x2.3x
Mon, 17 Apr 2023CHF 1.8tCHF 776.7bCHF 69.0b19.4x25.6x2.3x
Wed, 15 Mar 2023CHF 1.7tCHF 779.7bCHF 68.9b19.9x24.2x2.1x
Fri, 10 Feb 2023CHF 1.7tCHF 783.3bCHF 77.2b18.6x22.7x2.2x
Sun, 08 Jan 2023CHF 1.7tCHF 785.8bCHF 93.9b17.9x18.4x2.2x
Tue, 06 Dec 2022CHF 1.8tCHF 790.6bCHF 94.5b17.9x19.2x2.3x
Thu, 03 Nov 2022CHF 1.7tCHF 800.3bCHF 97.2b16.8x17.2x2.1x
Sat, 01 Oct 2022CHF 1.6tCHF 795.4bCHF 102.8b17.2x15.6x2x
Price to Earnings Ratio

15.6x


Total Market Cap: CHF 1.6tTotal Earnings: CHF 102.8bTotal Revenue: CHF 795.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.3x202320242025
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 20.5x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Swiss listed companies have declined 4.3% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Swiss Market?

CH Market-0.63%
Tech2.44%
Healthcare1.39%
Real Estate-0.66%
Utilities-0.79%
Financials-0.94%
Consumer Staples-0.94%
Industrials-1.74%
Consumer Discretionary-2.20%
Telecom-2.40%
Materials-4.68%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 3.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 26.1% which is higher than its past year's earnings decline of 1.3% 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 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 1.3% 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
ROG Roche HoldingCHF 265.202.6%
+CHF 5.8b		-1.8%PE23.9xHealthcare
UBSG UBS GroupCHF 33.533.3%
+CHF 3.4b		29.8%PE21.4xFinancials
ABBN ABBCHF 57.102.4%
+CHF 2.4b		17.5%PE31.3xIndustrials
NOVN NovartisCHF 97.520.7%
+CHF 1.2b		-1.0%PE17.5xHealthcare
VACN VAT GroupCHF 349.9011.0%
+CHF 1.0b		-12.3%PE47xIndustrials
See more

Market Insights

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Richard Bowman
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It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
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🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast
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UBSG
CHF 33.53
UBS Group
7D
3.3%
1Y
29.8%
ROG
CHF 265.20
Roche Holding
7D
2.6%
1Y
-1.8%
GIVN
CHF 3,269.00
Givaudan
7D
-2.6%
1Y
-28.2%

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KNIN
CHF 156.45
Kuehne + Nagel International
7D
-6.1%
1Y
-33.1%

Digital Automation And E-Commerce Will Elevate Global Logistics

Analysts have lowered their price target for Kuehne + Nagel International to CHF176.35, reflecting persistent macroeconomic headwinds, weak shipping rates, and disappointing booking volumes, with only modest optimism from recent shipping activity. Analyst Commentary Weak jobs data and declining consumer confidence are pressuring Kuehne + Nagel's outlook and earnings potential.
SIGN
CHF 8.90
SIG Group
7D
-30.3%
1Y
-49.1%
VACN
CHF 349.90
VAT Group
7D
11.0%
1Y
-12.3%
GALD
CHF 139.70
Galderma Group
7D
-3.3%
1Y
74.9%
AMRZ
CHF 40.07
Amrize
7D
-5.4%
1Y
n/a
NOVN
CHF 97.52
Novartis
7D
0.7%
1Y
-1.0%

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ZURN
CHF 559.80
Zurich Insurance Group
7D
0.5%
1Y
8.8%

Digital Analytics And Demographics Will Shape Specialty Insurance

Zurich Insurance Group’s valuation has improved as analysts now expect stronger revenue growth and a notably lower future P/E ratio, resulting in a modest increase in the consensus analyst price target to CHF547.32. Valuation Changes Summary of Valuation Changes for Zurich Insurance Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CHF541.11 to CHF547.32.
SREN
CHF 141.05
Swiss Re
7D
2.4%
1Y
20.2%

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CFR
CHF 152.25
Compagnie Financière Richemont
7D
0.5%
1Y
28.2%
ABBN
CHF 57.10
ABB
7D
2.4%
1Y
17.5%
YPSN
CHF 350.00
Ypsomed Holding
7D
-14.8%
1Y
-18.4%

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SIKA
CHF 178.00
Sika
7D
-2.5%
1Y
-34.4%

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SCMN
CHF 570.00
Swisscom
7D
-2.4%
1Y
3.4%