Stocktoria

The Swatch Group AG UHR.SW

CH · SIX Swiss Exchange · XSWX · stock · Consumer Cyclical · website

The Swatch Group AG statistics & valuation

Market capCHF 10.2B
P / S1.6×
P / B0.9×
P / FCF181.3×
Dividend yield2.30%
Net margin0.0%
Return on equity0.0%
FCF margin0.9%
Net cashCHF 973.0M
Enterprise value USD$5.8B
Earnings yield EBIT/EV1.5%
Return on capital1.1%
Graham number -89.1%CHF 21.20

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

Profitability & efficiency

Gross margin (%)
78.30% 80.30% 78.00% 77.20% 2022202320242025
Operating margin (%)
15.40% 15.10% 4.50% 2.10% 2022202320242025
Return on equity (%)
6.70% 7.10% 1.60% 0.00% 2022202320242025
Shares outstanding
28.9M 28.9M 28.9M 28.9M 2022202320242025
Net debt (CHF )
-CHF 2.17B -CHF 1.61B -CHF 1.09B -CHF 973.0M 2022202320242025
Share buybacks (CHF )
CHF 2.0M CHF 0 CHF 50.0M CHF 0 2022202320242025
Return on assets (%)
5.80% 6.10% 1.40% 0.00% 2022202320242025
Free cash flow margin (%)
4.50% -2.20% -3.20% 0.90% 2022202320242025
Debt / equity (×)
0.00× 0.01× 0.00× 0.00× 2022202320242025
EPS (CHF )
CHF 15.56 CHF 16.75 CHF 3.74 CHF 0.05 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

The Swatch Group AG trades at about 3905× earnings — above its 10-year norm (10-year range 12.2×–3660×, median 45.3×).

12.2× 3905×

Shaded band = 10-year range (12.2×–3660×); dot = today's 3905×.

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 margin77.2%78.0%80.3%78.3%
Operating margin2.1%4.5%15.1%15.4%
Net margin0.0%2.9%11.0%10.8%
FCF margin0.9%-3.2%-2.2%4.5%
Return on assets0.0%1.4%6.1%5.8%
Return on equity0.0%1.6%7.1%6.7%
Debt / equity0.00×0.00×0.00×0.00×
Current ratio9.769.798.619.23

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