Home Compare ALC.SW vs GRF.MC
Stock Comparison · Valuation-led comparison

Alcon vs Grifols: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Grifols, carrying a narrow edge on valuation. Alcon still leads on profitability and stability, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-07-05

Valuation still does most of the heavy lifting in this comparison.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #1
within Alcon Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The clearest structural overlap shows up in revenue stability.

Similarity drivers
revenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ALC.SW
Alcon Inc.
36
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
GRF.MC
Grifols, S.A.
41
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ALC.SW vs GRF.MC Profitability 29 16 Stability 47 17 Valuation 35 81 Growth 38 44 ALC.SW GRF.MC
Gap Ranking
#1 Valuation +46
#2 Stability +30
#3 Profitability +13
#4 Growth +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ALC.SW and GRF.MC Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ALC.SWGRF.MC Relative valuation Structural strength

Alcon Inc. still looks stronger overall, though current pricing looks more supportive for Grifols, S.A..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ALC.SW and GRF.MC each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ALC.SW Lower · below norm 0th 50th 100th 19 pct gap GRF.MC Lower · below norm 0th 50th 100th 3rd 22nd
Today ALC.SW sits in the lower portion of its own 5-year history (3rd percentile), while GRF.MC sits higher in its own history (22nd). Within each stock's own 5-year context, ALC.SW is at a historically more favourable entry position than GRF.MC. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, Grifols, S.A. ranks near the top of the group; Alcon Inc. sits in the weaker half.
Stability
Alcon Inc. sits higher in the group on stability, adding to the overall structural advantage.
Valuation — Dominant Gap
ALC.SW
35
GRF.MC
81
Gap+46in favour of GRF.MC

The multiple-based pricing edge comes from a forward P/E that is 7.6 turns lower.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

The main read on valuation is clearer than the broader score gap.

Explore full peer positioning in AssetNext

Break down the ALC.SW vs GRF.MC comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how ALC.SW and GRF.MC each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.