Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Market Analysis & Valuation

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies207
  • 7D1.5%
  • 3M-1.6%
  • 1Y-0.2%
  • YTD3.0%

The market has climbed 1.5% in the last 7 days, lead by the Healthcare sector with a gain of 2.4%. As for last year, the market performance has been flat. Looking forward, 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
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
Wed, 26 Oct 2022CHF 1.7tCHF 801.5bCHF 103.1b17.3x16.3x2.1x
Fri, 23 Sep 2022CHF 1.6tCHF 795.0bCHF 102.9b17.2x15.6x2x
Sun, 21 Aug 2022CHF 1.8tCHF 792.0bCHF 102.6b17.4x17.1x2.2x
Price to Earnings Ratio

17.1x


Total Market Cap: CHF 1.8tTotal Earnings: CHF 102.6bTotal Revenue: CHF 792.0bTotal 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 4.3% 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 Market1.52%
Healthcare2.44%
Industrials1.78%
Tech1.58%
Financials1.45%
Consumer Discretionary1.15%
Consumer Staples0.67%
Telecom0.47%
Materials0.097%
Utilities-0.098%
Real Estate-1.19%
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 (25.5%) 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 10.0x.
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 4.2% 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 97.525.6%
+CHF 10.0b		-0.8%PE17.2xHealthcare
UBSG UBS GroupCHF 31.863.8%
+CHF 3.7b		20.5%PE20xFinancials
ABBN ABBCHF 53.862.6%
+CHF 2.5b		15.9%PE29.1xIndustrials
NESN NestléCHF 72.191.2%
+CHF 2.1b		-19.2%PE18xConsumer Staples
SDZ Sandoz GroupCHF 47.835.7%
+CHF 1.1b		27.4%PE112.7xHealthcare
See more

Market Insights

Header cover image

🤖 The Bull and Bear Thesis on AI’s Decade of Disruption

Richard Bowman avatar
Richard Bowman
|
|
This week, we are weighing up the potential productivity gains vs job losses and economic disruption that the global economy could face over the next decade and beyond.
Continue reading
💥 How Agentic AI Could Change Every Industry
Last Week

💥 How Agentic AI Could Change Every Industry

Latest News

ALC
CHF 70.06
Alcon
7D
2.8%
1Y
-13.1%

Is Now The Time To Put Alcon (VTX:ALC) On Your Watchlist?

Aug 14
Is Now The Time To Put Alcon (VTX:ALC) On Your Watchlist?
SDZ
CHF 47.83
Sandoz Group
7D
5.7%
1Y
27.4%
UHR
CHF 139.45
Swatch Group
7D
-1.9%
1Y
-24.1%

Is Swatch Group (VTX:UHR) A Risky Investment?

Aug 12
Is Swatch Group (VTX:UHR) A Risky Investment?
NOVN
CHF 97.52
Novartis
7D
5.6%
1Y
-0.8%
LISN
CHF 114,600.00
Chocoladefabriken Lindt & Sprüngli
7D
-1.7%
1Y
5.5%

Chocoladefabriken Lindt & Sprüngli (VTX:LISN) Might Have The Makings Of A Multi-Bagger

Aug 09
Chocoladefabriken Lindt & Sprüngli (VTX:LISN) Might Have The Makings Of A Multi-Bagger
STMN
CHF 95.24
Straumann Holding
7D
-6.9%
1Y
-24.3%

Many Would Be Envious Of Straumann Holding's (VTX:STMN) Excellent Returns On Capital

Aug 06
Many Would Be Envious Of Straumann Holding's (VTX:STMN) Excellent Returns On Capital
EMSN
CHF 623.00
EMS-CHEMIE HOLDING
7D
-2.6%
1Y
-10.2%
UBSG
CHF 31.86
UBS Group
7D
3.8%
1Y
20.5%
ROG
CHF 249.70
Roche Holding
7D
0.4%
1Y
-11.1%
BEAN
CHF 903.00
BELIMO Holding
7D
-2.1%
1Y
65.5%

BELIMO Holding AG's (VTX:BEAN) P/E Is On The Mark

Aug 05
BELIMO Holding AG's (VTX:BEAN) P/E Is On The Mark
NESN
CHF 72.19
Nestlé
7D
1.2%
1Y
-19.2%
GIVN
CHF 3,335.00
Givaudan
7D
-2.3%
1Y
-19.8%
ABBN
CHF 53.86
ABB
7D
2.6%
1Y
15.9%
CFR
CHF 131.80
Compagnie Financière Richemont
7D
1.1%
1Y
1.6%
SREN
CHF 150.65
Swiss Re
7D
-1.7%
1Y
42.0%
PSPN
CHF 136.20
PSP Swiss Property
7D
-2.1%
1Y
11.2%