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Sandoz Group vs Smith & Nephew: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Sandoz carrying a narrow edge on growth. Smith & Nephew still has the edge on valuation, which keeps the comparison from looking entirely one-sided. On the market side, Sandoz is in better shape — its trend is intact while Smith & Nephew's trend has broken down. That puts structure and market broadly in agreement — Sandoz's lead looks more confirmed than conflicted.

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 2026-06-14

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

Trajectory Similarity
0.72
Similar
Peer-set rank: #2
within Sandoz Group AG's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in capital structure and revenue stability.

Similarity drivers
capital structurerevenue 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
SDZ.SW
Sandoz Group AG
57
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
SN.L
Smith & Nephew plc
53
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600

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

The clearest separation appears in growth.

Dimension spread: SDZ.SW vs SN.L Profitability 55 54 Stability 59 46 Valuation 32 56 Growth 94 53 SDZ.SW SN.L
Gap Ranking
#1 Growth +41
#2 Valuation +24
#3 Stability +13
#4 Profitability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SDZ.SW and SN.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SDZ.SWSN.L Relative valuation Structural strength

The setup splits cleanly: structure favours Sandoz Group AG, while the price setup favours Smith & Nephew plc.

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

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but Sandoz Group AG leads clearly.
Valuation
On valuation, Smith & Nephew plc is positioned higher in the group, while Sandoz Group AG is closer to the middle.
Growth — Dominant Gap
SDZ.SW
94
SN.L
53
Gap+41in favour of SDZ.SW

The current lead is backed by a stronger multi-year growth trajectory.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Smith & Nephew, with a forward P/E that is 5.9 turns lower there.

What this means for the comparison

Growth points more clearly to Sandoz Group AG, but valuation and current pricing keep the broader result mixed.

Explore full peer positioning in AssetNext

Break down the SDZ.SW vs SN.L comparison across all dimensions with the full interactive tool.

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Explore how SDZ.SW and SN.L 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.