The Swatch Group AG

SWX:UHR Stock Report

Market Cap: CHF 8.1b

Swatch Group Valuation

Is UHR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UHR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 65.98
Fair Value
135.7% overvalued intrinsic discount
19
Number of Analysts

Below Fair Value: UHR (CHF155.55) is trading above our estimate of fair value (CHF65.98)

Significantly Below Fair Value: UHR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UHR?

Key metric: As UHR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UHR. This is calculated by dividing UHR's market cap by their current earnings.
What is UHR's PE Ratio?
PE Ratio134.2x
EarningsCHF 60.00m
Market CapCHF 8.10b

Price to Earnings Ratio vs Peers

How does UHR's PE Ratio compare to its peers?

The above table shows the PE ratio for UHR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.8x
CFR Compagnie Financière Richemont
25.5x7.00%CHF 89.3b
GIL Gildan Activewear
18.2x18.84%CA$12.4b
LEVI Levi Strauss
16.1x10.55%US$8.4b
PNDORA Pandora
11.4x6.34%DKK 61.4b
UHR Swatch Group
134.2x40.40%CHF 8.1b

Price-To-Earnings vs Peers: UHR is expensive based on its Price-To-Earnings Ratio (134.2x) compared to the peer average (17.8x).

Price to Earnings Ratio vs Industry

How does UHR's PE Ratio compare vs other companies in the European Luxury Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UHR 134.2xIndustry Avg. 20.3xNo. of Companies8PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UHR is expensive based on its Price-To-Earnings Ratio (134.2x) compared to the European Luxury industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is UHR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UHR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio134.2x
Fair PE Ratio42.2x

Price-To-Earnings vs Fair Ratio: UHR is expensive based on its Price-To-Earnings Ratio (134.2x) compared to the estimated Fair Price-To-Earnings Ratio (42.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UHR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 155.55
CHF 134.75
-13.37%
23.73%CHF 214.00CHF 71.00n/a19
Oct ’26CHF 151.70
CHF 134.82
-11.13%
22.80%CHF 214.00CHF 71.00n/a20
Sep ’26CHF 142.75
CHF 132.53
-7.16%
23.08%CHF 214.00CHF 71.00n/a19
Aug ’26CHF 144.90
CHF 140.34
-3.15%
29.62%CHF 290.00CHF 71.00n/a20
Jul ’26CHF 128.45
CHF 148.22
+15.39%
26.38%CHF 290.00CHF 75.00n/a21
Jun ’26CHF 138.55
CHF 153.53
+10.81%
22.34%CHF 290.00CHF 120.00n/a22
May ’26CHF 142.15
CHF 155.55
+9.43%
21.60%CHF 290.00CHF 120.00n/a23
Apr ’26CHF 149.30
CHF 160.38
+7.42%
20.94%CHF 290.00CHF 120.00n/a23
Mar ’26CHF 175.00
CHF 161.90
-7.49%
20.86%CHF 290.00CHF 120.00n/a23
Feb ’26CHF 169.50
CHF 164.29
-3.07%
25.01%CHF 333.00CHF 120.00n/a23
Jan ’26CHF 165.00
CHF 172.52
+4.56%
24.41%CHF 333.00CHF 120.00n/a23
Dec ’25CHF 159.95
CHF 175.39
+9.65%
23.56%CHF 333.00CHF 120.00n/a23
Nov ’25CHF 179.85
CHF 178.56
-0.72%
23.58%CHF 333.00CHF 120.00n/a23
Oct ’25CHF 178.30
CHF 179.10
+0.45%
24.55%CHF 333.00CHF 120.00CHF 151.7021
Sep ’25CHF 177.80
CHF 193.62
+8.90%
19.71%CHF 333.00CHF 145.00CHF 142.7521
Aug ’25CHF 180.85
CHF 198.14
+9.56%
19.92%CHF 333.00CHF 145.00CHF 144.9021
Jul ’25CHF 184.95
CHF 223.55
+20.87%
16.67%CHF 368.00CHF 190.00CHF 128.4520
Jun ’25CHF 193.15
CHF 228.55
+18.33%
15.83%CHF 368.00CHF 190.00CHF 138.5520
May ’25CHF 193.65
CHF 230.55
+19.05%
15.68%CHF 368.00CHF 190.00CHF 142.1520
Apr ’25CHF 209.40
CHF 239.05
+14.16%
17.69%CHF 368.00CHF 200.00CHF 149.3021
Mar ’25CHF 211.90
CHF 238.64
+12.62%
17.28%CHF 368.00CHF 200.00CHF 175.0022
Feb ’25CHF 201.70
CHF 244.95
+21.44%
16.31%CHF 368.00CHF 202.00CHF 169.5022
Jan ’25CHF 228.60
CHF 281.32
+23.06%
14.66%CHF 368.00CHF 235.00CHF 165.0022
Dec ’24CHF 230.80
CHF 290.95
+26.06%
14.57%CHF 368.00CHF 235.00CHF 159.9522
Nov ’24CHF 234.70
CHF 297.09
+26.58%
14.48%CHF 368.00CHF 235.00CHF 179.8522
Oct ’24CHF 235.40
CHF 305.32
+29.70%
13.81%CHF 368.00CHF 240.00CHF 178.3022
CHF 134.75
Fair Value
15.4% overvalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/13 13:37
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Swatch Group AG is covered by 33 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christian WeizBaader Helvea Equity Research
Mariano SzachtmanBanco Santander
Carole MadjoBarclays