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Swiss (SMI) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies206
  • 7D2.6%
  • 3M4.4%
  • 1Y7.6%
  • YTD7.5%

The market is up 2.6% over the last week, with the Healthcare sector leading the way, up 4.5%. Meanwhile, the Utilities sector has underperformed, shrinking 4.8% in that time. The market is up 7.6% over the last 12 months. 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
Wed, 12 Nov 2025CHF 1.9tCHF 804.0bCHF 114.4b19x16.4x2.3x
Fri, 10 Oct 2025CHF 1.9tCHF 777.3bCHF 90.7b19.7x21x2.5x
Sun, 07 Sep 2025CHF 1.9tCHF 774.7bCHF 90.1b19.5x20.8x2.4x
Tue, 05 Aug 2025CHF 1.8tCHF 775.5bCHF 89.9b20.6x20.2x2.3x
Thu, 03 Jul 2025CHF 1.8tCHF 783.1bCHF 106.5b20.2x17x2.3x
Sat, 31 May 2025CHF 1.8tCHF 785.7bCHF 106.4b20.1x17.2x2.3x
Mon, 28 Apr 2025CHF 1.8tCHF 837.2bCHF 157.2b19x11.2x2.1x
Wed, 26 Mar 2025CHF 1.9tCHF 849.9bCHF 158.9b20.1x12x2.2x
Fri, 21 Feb 2025CHF 1.9tCHF 820.1bCHF 116.5b21.5x16.3x2.3x
Sun, 19 Jan 2025CHF 1.8tCHF 819.7bCHF 118.0b21.1x15.2x2.2x
Tue, 17 Dec 2024CHF 1.7tCHF 813.5bCHF 117.3b20.5x14.9x2.1x
Thu, 14 Nov 2024CHF 1.7tCHF 815.8bCHF 117.6b19.8x14.8x2.1x
Sat, 12 Oct 2024CHF 1.8tCHF 803.6bCHF 114.1b21.5x16x2.3x
Mon, 09 Sep 2024CHF 1.8tCHF 799.7bCHF 113.5b21.1x15.7x2.2x
Wed, 07 Aug 2024CHF 1.7tCHF 796.6bCHF 135.5b21.5x12.8x2.2x
Fri, 05 Jul 2024CHF 1.8tCHF 802.6bCHF 125.8b21.5x14.4x2.3x
Sun, 02 Jun 2024CHF 1.8tCHF 803.7bCHF 126.0b22x14.3x2.2x
Tue, 30 Apr 2024CHF 1.7tCHF 799.2bCHF 125.4b21.5x13.7x2.2x
Thu, 28 Mar 2024CHF 1.8tCHF 768.3bCHF 98.5b21.7x18.1x2.3x
Sat, 24 Feb 2024CHF 1.7tCHF 766.1bCHF 111.1b20.3x15.6x2.3x
Mon, 22 Jan 2024CHF 1.7tCHF 766.5bCHF 110.4b18x15.1x2.2x
Wed, 20 Dec 2023CHF 1.7tCHF 764.9bCHF 110.1b18.5x15.3x2.2x
Fri, 17 Nov 2023CHF 1.6tCHF 773.0bCHF 111.5b17.7x14.5x2.1x
Sun, 15 Oct 2023CHF 1.6tCHF 761.3bCHF 100.3b18.1x16.3x2.1x
Tue, 12 Sep 2023CHF 1.7tCHF 750.2bCHF 99.2b18.5x16.8x2.2x
Thu, 10 Aug 2023CHF 1.7tCHF 743.3bCHF 75.3b18.9x22.2x2.3x
Sat, 08 Jul 2023CHF 1.7tCHF 755.6bCHF 76.7b18.9x21.8x2.2x
Mon, 05 Jun 2023CHF 1.8tCHF 788.4bCHF 82.8b18.8x21.2x2.2x
Wed, 03 May 2023CHF 1.8tCHF 785.5bCHF 80.8b19.3x21.8x2.2x
Fri, 31 Mar 2023CHF 1.7tCHF 780.6bCHF 69.3b19.7x24.9x2.2x
Sun, 26 Feb 2023CHF 1.7tCHF 783.7bCHF 71.4b18.9x24.1x2.2x
Tue, 24 Jan 2023CHF 1.8tCHF 787.0bCHF 94.1b17.8x19x2.3x
Thu, 22 Dec 2022CHF 1.7tCHF 787.3bCHF 94.0b17.3x17.9x2.1x
Sat, 19 Nov 2022CHF 1.7tCHF 792.5bCHF 95.5b17.6x17.9x2.2x
Price to Earnings Ratio

17.9x


Total Market Cap: CHF 1.7tTotal Earnings: CHF 95.5bTotal Revenue: CHF 792.5bTotal 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 6.2% 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 Market2.65%
Healthcare4.48%
Consumer Staples3.16%
Consumer Discretionary2.81%
Materials2.77%
Financials2.04%
Telecom0.65%
Industrials0.092%
Tech0.047%
Real Estate-0.036%
Utilities-4.80%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 18.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.5% 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 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 19% 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 9.0% 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 288.709.4%
+CHF 21.0b		10.0%PE26xHealthcare
NESN NestléCHF 81.263.0%
+CHF 6.1b		4.2%PE20.3xConsumer Staples
NOVN NovartisCHF 104.082.6%
+CHF 5.0b		12.7%PE17.3xHealthcare
CFR Compagnie Financière RichemontCHF 161.252.4%
+CHF 2.2b		38.5%PE27.1xConsumer Discretionary
UBSG UBS GroupCHF 31.192.1%
+CHF 2.1b		10.4%PE16.8xFinancials
See more

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