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Swiss (SMI) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies206
  • 7D-1.5%
  • 3M0.9%
  • 1Y7.4%
  • YTD6.1%

Over the last 7 days, the market has dropped 2.2%, driven by pullbacks in the Financials and Industrials sectors of 3.6% and 4.7%, respectively. In the last year, the market is actually up 7.5%. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025CHF 1.9tCHF 806.5bCHF 115.2b18.9x16.4x2.3x
Sun, 19 Oct 2025CHF 1.9tCHF 773.4bCHF 90.3b19.2x21.1x2.5x
Tue, 16 Sep 2025CHF 1.9tCHF 773.6bCHF 90.0b19.9x20.6x2.4x
Thu, 14 Aug 2025CHF 1.8tCHF 776.7bCHF 90.0b21.1x20.4x2.4x
Sat, 12 Jul 2025CHF 1.8tCHF 784.5bCHF 106.7b20.4x17.2x2.3x
Mon, 09 Jun 2025CHF 1.8tCHF 785.0bCHF 106.4b20.3x17.4x2.4x
Wed, 07 May 2025CHF 1.8tCHF 783.6bCHF 105.9b19.8x17.1x2.3x
Fri, 04 Apr 2025CHF 1.8tCHF 843.2bCHF 158.2b18.8x11.3x2.1x
Sun, 02 Mar 2025CHF 1.9tCHF 811.8bCHF 117.7b20.6x16.3x2.4x
Tue, 28 Jan 2025CHF 1.8tCHF 816.3bCHF 117.6b21.6x15.6x2.3x
Thu, 26 Dec 2024CHF 1.7tCHF 815.4bCHF 117.5b20.7x14.6x2.1x
Sat, 23 Nov 2024CHF 1.7tCHF 813.2bCHF 117.3b19.9x14.9x2.1x
Mon, 21 Oct 2024CHF 1.8tCHF 806.2bCHF 114.4b21.3x16.1x2.3x
Wed, 18 Sep 2024CHF 1.8tCHF 802.0bCHF 113.9b20.9x15.8x2.2x
Fri, 16 Aug 2024CHF 1.8tCHF 808.0bCHF 114.1b21.7x16x2.3x
Sun, 14 Jul 2024CHF 1.9tCHF 801.1bCHF 125.5b21.8x14.7x2.3x
Tue, 11 Jun 2024CHF 1.8tCHF 801.1bCHF 125.7b22.1x14.6x2.3x
Thu, 09 May 2024CHF 1.8tCHF 802.3bCHF 126.0b21.4x13.9x2.2x
Sat, 06 Apr 2024CHF 1.8tCHF 766.9bCHF 97.0b21.3x18.1x2.3x
Mon, 04 Mar 2024CHF 1.7tCHF 785.2bCHF 111.0b20.2x15.5x2.2x
Wed, 31 Jan 2024CHF 1.7tCHF 764.3bCHF 109.6b17.8x15.6x2.2x
Fri, 29 Dec 2023CHF 1.7tCHF 758.4bCHF 108.9b18.3x15.4x2.2x
Sun, 26 Nov 2023CHF 1.6tCHF 771.5bCHF 111.2b18x14.7x2.1x
Tue, 24 Oct 2023CHF 1.6tCHF 759.7bCHF 100.3b17.7x15.5x2.1x
Thu, 21 Sep 2023CHF 1.7tCHF 751.3bCHF 99.4b18.6x16.9x2.2x
Sat, 19 Aug 2023CHF 1.6tCHF 747.4bCHF 75.2b18x21.8x2.2x
Mon, 17 Jul 2023CHF 1.7tCHF 749.7bCHF 76.3b19.4x22.4x2.3x
Wed, 14 Jun 2023CHF 1.7tCHF 759.6bCHF 77.2b19.6x22.5x2.3x
Fri, 12 May 2023CHF 1.8tCHF 786.6bCHF 81.5b19.2x21.7x2.2x
Sun, 09 Apr 2023CHF 1.7tCHF 778.0bCHF 69.2b19.3x25.2x2.2x
Tue, 07 Mar 2023CHF 1.7tCHF 783.1bCHF 70.0b19.5x24.7x2.2x
Thu, 02 Feb 2023CHF 1.8tCHF 784.4bCHF 94.3b17.7x18.7x2.2x
Sat, 31 Dec 2022CHF 1.7tCHF 785.3bCHF 93.7b17.4x17.9x2.1x
Mon, 28 Nov 2022CHF 1.7tCHF 791.5bCHF 94.7b17.8x18.3x2.2x
Price to Earnings Ratio

18.3x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 94.7bTotal Revenue: CHF 791.5bTotal 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 6.7% 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 Market-1.48%
Consumer Discretionary1.15%
Healthcare0.32%
Real Estate0.19%
Utilities-0.91%
Industrials-1.61%
Telecom-2.23%
Consumer Staples-2.52%
Materials-3.50%
Financials-3.59%
Tech-4.54%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 20.1x.
    • 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 9.5x.
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 311.807.6%
+CHF 18.6b		24.2%PE28.1xHealthcare
SUNN Sunrise CommunicationsCHF 41.30-2.5%
CHF 2.9b		-0.3%PS2xTelecom
CFR Compagnie Financière RichemontCHF 165.102.2%
+CHF 2.1b		40.3%PE27.3xConsumer Discretionary
VACN VAT GroupCHF 337.203.0%
+CHF 290.8m		-0.1%PE45.3xIndustrials
DAE Dätwyler HoldingCHF 156.409.4%
+CHF 227.8m		18.8%PE87.5xIndustrials
See more

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SUNN
CHF 41.30
Sunrise Communications
7D
-2.5%
1Y
-0.3%
ROG
CHF 311.80
Roche Holding
7D
7.6%
1Y
24.2%
LISN
CHF 120,800.00
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7D
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1Y
23.0%

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DAE
CHF 156.40
Dätwyler Holding
7D
9.4%
1Y
18.8%

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VACN
CHF 337.20
VAT Group
7D
3.0%
1Y
-0.1%

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GIVN
CHF 3,247.00
Givaudan
7D
-6.1%
1Y
-17.1%
UBSG
CHF 30.36
UBS Group
7D
-3.1%
1Y
7.9%
SREN
CHF 137.60
Swiss Re
7D
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1Y
8.2%

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SIGN
CHF 8.86
SIG Group
7D
5.9%
1Y
-48.3%
CFR
CHF 165.10
Compagnie Financière Richemont
7D
2.2%
1Y
40.3%
NESN
CHF 79.23
Nestlé
7D
-2.3%
1Y
4.3%

NESN: Management Stability and Leadership Changes Will Define Performance Outlook

Nestlé's analyst price target has edged up from CHF 87.31 to CHF 87.75, as analysts cite rising confidence in the company's longer-term performance. This comes despite only modest changes to margin and growth forecasts.
NOVN
CHF 100.42
Novartis
7D
-5.0%
1Y
9.7%
ZURN
CHF 558.40
Zurich Insurance Group
7D
-3.5%
1Y
2.0%
ACLN
CHF 65.00
Accelleron Industries
7D
3.2%
1Y
30.7%

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LONN
CHF 530.00
Lonza Group
7D
-4.1%
1Y
1.6%
DESN
CHF 321.00
Dottikon ES Holding
7D
3.2%
1Y
40.8%

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