Stocktoria

Sonova Holding AG SOON.SW

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

Sonova Holding AG statistics & valuation

Market capCHF 14.2B
P / E32.9×
P / S3.9×
P / B5.4×
P / FCF22.4×
Dividend yield1.85%
Net margin11.9%
Return on equity16.5%
FCF margin17.5%
Net debtCHF 989.7M
Enterprise value USD$18.6B
Earnings yield EBIT/EV4.5%
Return on capital15.2%
Graham number -64.5%CHF 84.55

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

Profitability & efficiency

Net margin (%)
17.30% 16.60% 15.00% 11.90% 2023202420252026
Gross margin (%)
70.50% 72.00% 74.30% 73.70% 2023202420252026
Operating margin (%)
20.00% 18.50% 19.90% 18.70% 2023202420252026
Return on equity (%)
29.30% 24.30% 20.30% 16.50% 2023202420252026
Shares outstanding
59.4M 59.4M 59.4M 59.4M 2023202420252026
Net debt (CHF )
CHF 1.40B CHF 1.28B CHF 1.07B CHF 989.7M 2023202420252026
Share buybacks (CHF )
CHF 502.7M CHF 51.3M CHF 67.3M CHF 63.1M 2023202420252026
Return on assets (%)
11.70% 10.40% 9.10% 7.60% 2023202420252026
Free cash flow margin (%)
16.80% 17.20% 18.20% 17.50% 2023202420252026
Debt / equity (×)
0.82× 0.73× 0.66× 0.65× 2023202420252026
EPS (CHF )
CHF 10.72 CHF 10.05 CHF 9.04 CHF 7.22 2023202420252026

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

Sonova Holding AG trades at about 33× earnings — above its 10-year norm (10-year range 23.7×–28×, median 26.3×).

23.7× 33×

Shaded band = 10-year range (23.7×–28×); dot = today's 33×.

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)

RatioFY2026FY2025FY2024FY2023
Gross margin73.7%74.3%72.0%70.5%
Operating margin18.7%19.9%18.5%20.0%
Net margin11.9%15.0%16.6%17.3%
FCF margin17.5%18.2%17.2%16.8%
Return on assets7.6%9.1%10.4%11.7%
Return on equity16.5%20.3%24.3%29.3%
Debt / equity0.52×0.43×0.61×0.68×
Current ratio1.751.271.451.37

Computed from company filings · CH · as of 2026-03-31. Figures in CHF. Facts plus Stocktoria's own computed scores — not investment advice.