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Swiss (SMI) Market Analysis & Valuation

UpdatedAug 17, 2025
DataAggregated Company Financials
Companies207
  • 7D1.0%
  • 3M-2.2%
  • 1Y-0.6%
  • YTD3.5%

The market is up 1.0% over the last week, with the Healthcare sector leading the way, up 3.5%. In the last 12 months, the market has been flat. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesBiotech

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Aug 2025CHF 1.8tCHF 777.4bCHF 90.3b21.2x20.4x2.4x
Tue, 15 Jul 2025CHF 1.8tCHF 784.9bCHF 106.7b20.4x17x2.3x
Thu, 12 Jun 2025CHF 1.8tCHF 782.7bCHF 106.6b20.3x17.3x2.4x
Sat, 10 May 2025CHF 1.8tCHF 787.3bCHF 106.1b19.8x16.9x2.3x
Mon, 07 Apr 2025CHF 1.7tCHF 843.7bCHF 158.3b17.9x10.8x2x
Wed, 05 Mar 2025CHF 1.9tCHF 807.8bCHF 117.2b20.4x16.3x2.4x
Fri, 31 Jan 2025CHF 1.9tCHF 818.6bCHF 117.9b21.9x15.8x2.3x
Sun, 29 Dec 2024CHF 1.7tCHF 816.1bCHF 117.6b20.9x14.8x2.1x
Tue, 26 Nov 2024CHF 1.7tCHF 811.1bCHF 117.1b20x14.9x2.2x
Thu, 24 Oct 2024CHF 1.8tCHF 807.2bCHF 114.4b21.5x15.9x2.2x
Sat, 21 Sep 2024CHF 1.8tCHF 802.8bCHF 114.0b21x15.7x2.2x
Mon, 19 Aug 2024CHF 1.8tCHF 805.2bCHF 114.0b21.9x16x2.3x
Wed, 17 Jul 2024CHF 1.8tCHF 800.3bCHF 125.2b21.5x14.7x2.3x
Fri, 14 Jun 2024CHF 1.8tCHF 799.9bCHF 125.5b21.7x14.5x2.3x
Sun, 12 May 2024CHF 1.8tCHF 801.7bCHF 126.0b21.5x14.1x2.2x
Tue, 09 Apr 2024CHF 1.8tCHF 768.1bCHF 97.2b21.6x18.1x2.3x
Thu, 07 Mar 2024CHF 1.7tCHF 772.8bCHF 99.3b20.4x17.4x2.2x
Sat, 03 Feb 2024CHF 1.7tCHF 758.6bCHF 109.4b18.1x15.4x2.2x
Mon, 01 Jan 2024CHF 1.7tCHF 758.5bCHF 108.9b18.4x15.4x2.2x
Wed, 29 Nov 2023CHF 1.6tCHF 770.1bCHF 110.9b18x14.6x2.1x
Fri, 27 Oct 2023CHF 1.6tCHF 758.1bCHF 100.8b17.7x15.4x2.1x
Sun, 24 Sep 2023CHF 1.7tCHF 754.5bCHF 100.0b18.3x16.6x2.2x
Tue, 22 Aug 2023CHF 1.6tCHF 745.0bCHF 75.1b17.9x21.8x2.2x
Thu, 20 Jul 2023CHF 1.7tCHF 749.8bCHF 76.7b18.9x22.2x2.3x
Sat, 17 Jun 2023CHF 1.7tCHF 757.1bCHF 76.9b19.4x22.7x2.3x
Mon, 15 May 2023CHF 1.8tCHF 786.9bCHF 81.4b19.3x21.8x2.3x
Wed, 12 Apr 2023CHF 1.8tCHF 778.3bCHF 69.2b19.2x25.3x2.3x
Fri, 10 Mar 2023CHF 1.7tCHF 784.0bCHF 70.3b20.1x24.2x2.2x
Sun, 05 Feb 2023CHF 1.8tCHF 786.9bCHF 79.6b18.7x22.4x2.3x
Tue, 03 Jan 2023CHF 1.7tCHF 785.3bCHF 93.7b17.4x17.7x2.1x
Thu, 01 Dec 2022CHF 1.7tCHF 792.0bCHF 94.8b17.8x18.2x2.2x
Sat, 29 Oct 2022CHF 1.7tCHF 798.5bCHF 97.0b16.9x17.2x2.1x
Mon, 26 Sep 2022CHF 1.6tCHF 794.6bCHF 102.7b17.1x15.4x2x
Wed, 24 Aug 2022CHF 1.7tCHF 793.4bCHF 102.6b17.2x16.8x2.2x
Price to Earnings Ratio

16.8x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 102.6bTotal Revenue: CHF 793.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Market Price to Earnings3Y Average 17.2x202320242025
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 20.4x which is higher than its 3-year average PE of 17.2x.
Past Earnings Growth
  • The earnings for Swiss listed companies have declined 4.2% 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 Market1.03%
Healthcare3.48%
Financials0.43%
Consumer Staples-0.0039%
Consumer Discretionary-0.024%
Telecom-0.23%
Real Estate-0.35%
Materials-0.48%
Utilities-0.63%
Industrials-0.66%
Tech-1.26%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (25.8%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • 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 roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 4.5% 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
NOVN NovartisCHF 99.495.8%
+CHF 10.5b		0.02%PE17.5xHealthcare
ROG Roche HoldingCHF 256.003.9%
+CHF 8.2b		-9.0%PE23.1xHealthcare
ZURN Zurich Insurance GroupCHF 591.003.0%
+CHF 2.4b		22.8%PE17.8xFinancials
AMRZ AmrizeCHF 41.688.7%
+CHF 1.8b		n/aPE24.1xMaterials
UBSG UBS GroupCHF 32.240.9%
+CHF 950.8m		22.4%PE20.2xFinancials
See more

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