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Stock Comparison · Valuation-led comparison

Alcon vs Zimmer Biomet Holdings: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Zimmer Biomet carrying a narrow edge on valuation. Alcon still has the edge on profitability, 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.

Updated 2026-04-05

Most of the separation is still concentrated in valuation.

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

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

A loose similarity means the comparison is still methodologically valid, but the structural overlap is limited.

Most of the shared profile comes through revenue stability and margin consistency.

Similarity drivers
revenue stabilitymargin consistency
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.
33
Peer-Score
Signal qualityHigh
vs
ZBH
Zimmer Biomet Holdings, Inc.
36
Peer-Score
Signal qualityHigh

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 ZBH Profitability 21 0 Stability 47 41 Valuation 33 70 Growth 38 33 ALC.SW ZBH
Gap Ranking
#1 Valuation +37
#2 Profitability +21
#3 Stability +6
#4 Growth +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

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

Alcon Inc. looks stronger, but the price setup still looks more supportive for Zimmer Biomet Holdings, Inc..

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

Relative Position vs Comparable Companies
Valuation
Zimmer Biomet Holdings, Inc. ranks near the top of the group on valuation; Alcon Inc. sits in the weaker half.
Profitability
Both sit in the weaker half on profitability, with Alcon Inc. still coming out ahead.
Valuation — Dominant Gap
ALC.SW
33
ZBH
70
Gap+37in favour of ZBH

The multiple-based pricing edge comes from a forward P/E that is 7.2 turns lower.

What keeps the gap from being one-sided

Profitability still leans toward Alcon Inc., so the lead is real without reading as one-way.

What this means for the comparison

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

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

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Other comparisons with conflicting dimension signals

Explore how ALC.SW and ZBH 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.

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.