SwissCom AG (SCMWY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SwissCom AG $63.34, price $77.09, upside -17.8%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $38.11 – $90.04 · fair‑value band $45.49 – $81.01 · the $77.09 price screens above the $63.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Swisscom AG provides telecommunication services in Switzerland, Italy, and internationally. It operates through Switzerland, Italy, and Other segments.
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Swisscom AG provides telecommunication services in Switzerland, Italy, and internationally. It operates through Switzerland, Italy, and Other segments. The company offers mobile communications, fixed network telephony, broadband, and TV to residential customers; telecommunications services and IT service solutions for corporate, public administration, and SME customers; business ICT infrastructure; range from individual products to end-to-end solutions to ICT infrastructure business; and makes network infrastructure to other telecommunications; and plans, operates, and maintains the network and IT infrastructure. It also provides network construction and maintenance, broadcasting services, and local search activities, as well as electronic signatures, digital certificates, and other trust services. In addition, the company offers integrated communication solutions, IT infrastructure, security, and cloud services to various workplace and other software solutions, IoT, and artificial intelligence; outsourcing services for financial and healthcare and public sectors; AI-supported services; and telecommunications provide a range of wholesale services for own use, refinement or resale based on copper, fibre-optic or mobile networks. Further, it provides broadband connections, leased lines, network connections, mobile virtual network operators, IP peering, co-location, and cable ducts; wholesale voice connections and roaming contracts; manages and markets digital booking platform; builds radio networks for broadcasting, security, and professional mobile radio networks; safety and security solutions; and ICT and network infrastructures for bandwidth, as well as road and tunnel construction. Additionally, the company provides FastwebAI Suite, a platform of generative artificial intelligence (AI) solutions designed for businesses and public authorities. Swisscom AG was incorporated in 1998 and is headquartered in Worblaufen, Switzerland.
Stock analysis
SwissCom AG (SCMWY) currently trades at $77.09, while our model-based Fair Value estimate is $63.34, 17.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $66.35 per share, and 6 of the 24 models we run sit above the $77.09 price.
Bear case: the Asset-Based group reads lowest at $19.11, and 18 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $45.49 (bear) to $81.01 (bull), the price of $77.09 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SwissCom AG reported revenue of CHF 15.0B in FY2025 versus CHF 11.2B in FY2021, a compound +7.7%/yr. Reported net income was CHF 1.3B in FY2025, compounding −8.7%/yr from FY2021.
Key figures
Market cap $39.9B · P/E ratio 26.1 · P/S ratio 2.20 · EPS (TTM) $2.95 · Dividend yield 4.2% · Net margin 8.4% · Return on equity 10.4% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −18%, SCMWY screens richer than that median.
Fair Value models
Bear $45.49Fair Value $63.34Bull $81.01
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Start year 2020 (pandemic). Over 10 years: +2.6% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−1.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.3%
Dividend (yield on the price)4.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.3% vs −2.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 13%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CHF, Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about −2.9% a year for the price and −0.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 237 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−20.9% · Below median
Profitability
Return on equity (TTM)10.4% · Above median
Return on assets3.3% · Below median
Net margin (TTM)8.3% · Above median
Operating margin (TTM)14.3% · Above median
Growth and dividend
Revenue growth−4.1% · Bottom 25%
Dividend yield (TTM)4.2% · Above median
Balance sheet
Debt / equity0.51× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (TTM)26.1× · Pricier than median
P/B2.66× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SwissCom AG Fair Value". https://www.fairvalue-calculator.com/stock/SCMWY
Frequently asked questions
Is SwissCom AG (SCMWY) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $63.34 versus a price of $77.09, about −18% upside (overvalued).
What is the fair value of SCMWY?
Our model-based fair value for SwissCom AG is $63.34 (as of Sep 29, 2026), built from audited fundamentals. The current price: $77.09.
What is the quality score of SCMWY?
SwissCom AG has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SwissCom AG (SCMWY)?
Our model-based price target is the fair value of $63.34 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario $45.49, optimistic scenario $81.01. It is a calculation from audited fundamentals, not an analyst target.
What is the SwissCom AG stock forecast for 2026?
Our models put fair value at $63.34, about −18% upside versus a price of $77.09 (overvalued). Cautious scenario $45.49, optimistic scenario $81.01. The calculation is refreshed regularly with new filings.
What is the revenue of SwissCom AG (SCMWY)?
SwissCom AG reported trailing-twelve-month revenue of about CHF 14.9B (latest available figure, as of Sep 29, 2026).
Does SwissCom AG pay a dividend?
SwissCom AG currently shows a dividend yield of about 4.17% relative to its recent price (as of Sep 29, 2026).
What growth is priced into SwissCom AG (SCMWY)?
For today's price to be fair in a discounted-cash-flow model, SwissCom AG would have to grow free cash flow by -2.3 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of SCMWY use?
Our models discount SwissCom AG at 8.1 %: a base by market capitalisation (large), damped by beta 0.40, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SwissCom AG that is -2.3 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has SwissCom AG (SCMWY) delivered so far?
Over the past 5 years revenue at SwissCom AG grew +6.3 % a year. The price currently implies -2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SwissCom AG (SCMWY) growing?
The median revenue growth in the sector is +3.0 % a year. That is the yardstick for the growth priced into SwissCom AG (-2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SwissCom AG (SCMWY)?
The free-cash-flow yield on the price is 9.08 %: that much free cash flow SwissCom AG produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SwissCom AG (SCMWY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SwissCom AG it is $63.34 per share (as of Sep 29, 2026), against a price of $77.09. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SwissCom AG stock overvalued or undervalued in 2026?
As of Sep 29, 2026, SCMWY trades above its calculated fair value: price $77.09, fair value $63.34, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SCMWY?
No. The price is what the market pays today ($77.09); the fair value is what the company's own numbers justify ($63.34). For SwissCom AG the two are $13.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is SwissCom AG worth?
The market values SwissCom AG at about $39.9B (market capitalisation, as of Sep 29, 2026). Per share that is $77.09; our models calculate a fair value of $63.34 per share.
What do the bullish and bearish scenarios say about SCMWY?
Our models span a range for SwissCom AG: cautious scenario $45.49, base $63.34, optimistic $81.01 per share (as of Sep 29, 2026, price $77.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCMWY?
SwissCom AG trades at a price-to-earnings ratio of 26.1 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $63.34 is built from several models across several years. Other multiples: PEG 2.9, P/B 2.7, P/S 2.2, EV/EBITDA 9.1.
What is the PEG ratio of SCMWY?
The PEG ratio of SwissCom AG is 2.92 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SwissCom AG (SCMWY)?
Balance-sheet figures for SwissCom AG (as of Sep 29, 2026): return on equity 10.4%, debt of 0.51 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is SCMWY from its 52-week high?
SwissCom AG trades at $77.09, about 14% below its 52-week high of $90.04 and 18% above the low of $65.54 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $63.34 is for.
Which stocks are comparable to SwissCom AG?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SwissCom AG stock attractive at the current price?
The data as of Sep 29, 2026: price $77.09, calculated fair value $63.34 (−18%), Quality Score 61/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SCMWY calculated?
We run SwissCom AG through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $63.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. SwissCom AG itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SwissCom AG (SCMWY)?
The closing price on Oct 2, 2026 was $77.09. Our model-based fair value is $63.34, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SwissCom AG right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of SwissCom AG (SCMWY) come from?
Earnings per share at SwissCom AG grew −0.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.7 %, EBIT margin −1.4 %, tax rate +0.3 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SwissCom AG
How large is the market capitalisation of SwissCom AG (SCMWY)?
The market capitalisation of SwissCom AG is $39.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SwissCom AG (SCMWY)?
The price-to-sales ratio of SwissCom AG is 2.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SwissCom AG (SCMWY)?
Earnings per share at SwissCom AG are $2.95 (price ÷ EPS = P/E 26.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SwissCom AG (SCMWY)?
The dividend yield of SwissCom AG is 4.2% (payout 109%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SwissCom AG (SCMWY)?
The net margin of SwissCom AG is 8.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SwissCom AG (SCMWY)?
The return on equity (ROE) of SwissCom AG is 10.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SwissCom AG (SCMWY)?
On an EBIT basis the return on assets of SwissCom AG is 7.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SwissCom AG (SCMWY)?
The operating margin of SwissCom AG is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SwissCom AG (SCMWY)?
Revenue at SwissCom AG is growing −4.1% versus a year earlier (3y avg +10.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SwissCom AG (SCMWY)?
Earnings per share at SwissCom AG are growing −9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SwissCom AG (SCMWY) carry?
The net debt of SwissCom AG is CHF 3.5B (fiscal year 2025, ≈ 1.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 29, 2026