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SGS SA SGSN.SW

CH · SIX Swiss Exchange · XSWX · stock · Industrials · website

SGS SA statistics & valuation

Market capCHF 18.7B
P / E28.0×
P / S2.7×
P / B20.7×
P / FCF19.3×
Net margin9.6%
FCF margin13.9%
Net debtCHF 2.6B
Enterprise value USD$26.1B
Earnings yield EBIT/EV4.5%
Return on capital18.6%
Graham number -80.1%CHF 18.83

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 18.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.90% 8.40% 8.60% 9.60% 2022202320242025
Gross margin (%)
85.80% 85.70% 85.90% 85.90% 2022202320242025
Operating margin (%)
13.50% 12.80% 13.40% 13.80% 2022202320242025
Return on equity (%)
86.20% 120.50% 72.90% 74.10% 2022202320242025
Shares outstanding
197.8M 197.8M 197.8M 197.8M 2022202320242025
Net debt (CHF )
CHF 2.82B CHF 2.84B CHF 2.67B CHF 2.57B 2022202320242025
Share buybacks (CHF )
CHF 268.0M CHF 10.0M CHF 50.0M CHF 100.0M 2022202320242025
Return on assets (%)
8.30% 8.20% 8.60% 8.50% 2022202320242025
Free cash flow margin (%)
10.60% 12.50% 14.30% 13.90% 2022202320242025
Debt / equity (×)
6.52× 9.60× 4.87× 5.44× 2022202320242025
EPS (CHF )
CHF 3.02 CHF 2.87 CHF 3.09 CHF 3.46 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

SGS SA trades at about 27.3× earnings — near its 10-year norm (10-year range 26.8×–755.5×, median 28.6×).

26.8× 755.5×

Shaded band = 10-year range (26.8×–755.5×); dot = today's 27.3×.

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 margin85.9%85.9%85.7%85.8%
Operating margin13.8%13.4%12.8%13.5%
Net margin9.6%8.6%8.4%8.9%
FCF margin13.9%14.3%12.5%10.6%
Return on assets8.5%8.6%8.2%8.3%
Return on equity74.1%72.9%120.5%86.2%
Debt / equity3.89×3.39×6.62×4.15×
Current ratio1.441.131.211.13

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