Home Compare ALC.SW vs JAZZ
Stock Comparison · Structural lead, mixed market

Alcon vs Jazz Pharmaceuticals: Which Stock Looks Stronger in 2026?

Jazz Pharmaceuticals holds the cleaner structural position, with growth as the main driver and valuation adding further support. Alcon still has the edge on valuation, which keeps the comparison from looking entirely one-sided. On the market side, Jazz Pharmaceuticals is in better shape — its trend is intact while Alcon's trend has broken down. That puts structure and market broadly in agreement — Jazz Pharmaceuticals's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (ALC.SW: STOXX 600, JAZZ: Russell 1000).

Updated 2026-05-17

Most of the visible separation comes from growth. Jazz Pharmaceuticals plc leads by 13 points on the overall comparison score.

Trajectory Similarity
0.50
Loose match
Peer-set rank: #12
within Alcon Inc.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair still fits the compare framework, though the long-term structural overlap is relatively light.

The strongest overlap appears in revenue stability and investment intensity.

Similarity drivers
revenue stabilityinvestment intensity
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.
29
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
JAZZ
Jazz Pharmaceuticals plc
42
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

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

The largest gaps do not all point in the same direction.

Dimension spread: ALC.SW vs JAZZ Profitability 15 34 Stability 35 49 Valuation 35 8 Growth 33 100 ALC.SW JAZZ
Gap Ranking
#1 Growth +67
#2 Valuation +27
#3 Profitability +19
#4 Stability +14
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ALC.SW and JAZZ Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ALC.SWJAZZ Relative valuation Structural strength

Jazz Pharmaceuticals plc is cheaper, but Alcon Inc. is still stronger.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY ALC.SW Lower · below norm 0th 50th 100th 98 pct gap JAZZ Elevated · above norm 0th 50th 100th 1st 99th
Today ALC.SW sits in the lower portion of its own 5-year history (1st percentile), while JAZZ sits higher in its own history (99th). Within each stock's own 5-year context, ALC.SW is at a historically more favourable entry position than JAZZ. 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
Growth
On growth, Jazz Pharmaceuticals plc ranks near the top of the group; Alcon Inc. sits in the weaker half.
Valuation
Neither side looks especially strong on valuation, though Alcon Inc. still ranks somewhat higher.
Growth — Dominant Gap
ALC.SW
33
JAZZ
100
Gap+67in favour of JAZZ

The main growth separation is very wide, driven by a meaningfully stronger expansion profile.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Alcon, with a trailing P/E that is 2041 turns lower there.

What this means for the comparison

The growth lead is clear, but pricing and valuation still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how ALC.SW and JAZZ 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.