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Swisscom AG SCMN.SW

CH · SIX Swiss Exchange · XSWX · stock · Communication Services · website

Swisscom AG statistics & valuation

Market capCHF 32.9B
P / E25.9×
P / S2.2×
P / B2.7×
P / FCF10.9×
Dividend yield3.47%
Net margin8.4%
Return on equity10.4%
FCF margin20.0%
Net debtCHF 3.5B
Enterprise value USD$44.7B
Earnings yield EBIT/EV5.3%
Return on capital6.6%
Graham number -43.1%CHF 361.18

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CHF 361.18); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.50% 15.50% 14.00% 8.40% 2022202320242025
Gross margin (%)
82.30% 80.70% 83.40% 80.00% 2022202320242025
Operating margin (%)
18.50% 19.90% 17.70% 12.80% 2022202320242025
Return on equity (%)
14.30% 14.70% 12.70% 10.40% 2022202320242025
Shares outstanding
51.8M 51.8M 51.8M 51.8M 2022202320242025
Net debt (CHF )
CHF 1.79B CHF 1.88B CHF 2.44B CHF 3.47B 2022202320242025
Share buybacks (CHF )
2022202320242025
Return on assets (%)
6.50% 6.90% 4.10% 3.50% 2022202320242025
Free cash flow margin (%)
14.40% 15.90% 19.10% 20.00% 2022202320242025
Debt / equity (×)
0.17× 0.17× 0.33× 0.30× 2022202320242025
EPS (CHF )
CHF 30.93 CHF 33.03 CHF 29.77 CHF 24.54 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Swisscom AG trades at about 25.9× earnings — above its 10-year norm (10-year range 15.6×–25.8×, median 17.5×).

15.6× 25.9×

Shaded band = 10-year range (15.6×–25.8×); dot = today's 25.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin80.0%83.4%80.7%82.3%
Operating margin12.8%17.7%19.9%18.5%
Net margin8.4%14.0%15.5%14.5%
FCF margin20.0%19.1%15.9%14.4%
Return on assets3.5%4.1%6.9%6.5%
Return on equity10.4%12.7%14.7%14.3%
Current ratio0.760.840.840.89

Computed from company filings · CH · as of 2025-12-31. Figures in CHF. Facts plus Stocktoria's own computed scores — not investment advice.