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Stock Comparison · Industry comparison · Medical Devices

Siemens Healthineers vs Sonova Holding: Which Stock Looks Stronger in 2026?

Siemens Healthineers holds the cleaner structural position, with the lead spread across growth and profitability. Sonova 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. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

Most of the lead runs through growth, while profitability acts as a real counterweight.

INDUSTRY COMPARISON

Both operate in: Medical Devices

This comparison is based on industry proximity, not on functional trajectory similarity. SHL.DE and SOON.SW share the same industry classification.

For a similarity-based comparison, see how Siemens Healthineers and Sonova each position within their functional peer groups in AssetNext.

Peer-Relative Score
SHL.DE
Siemens Healthineers AG
56
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
SOON.SW
Sonova Holding AG
50
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

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: SHL.DE vs SOON.SW Profitability 50 64 Stability 58 45 Valuation 72 58 Growth 37 22 SHL.DE SOON.SW
Gap Ranking
#1 Growth +15
#2 Profitability +14
#3 Valuation +14
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SHL.DE and SOON.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SHL.DESOON.SW Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward Siemens Healthineers AG.

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

Entry today — historical context

Where SHL.DE and SOON.SW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY SHL.DE Lower · below norm 0th 50th 100th 1 pct gap SOON.SW Lower · below norm 0th 50th 100th 1st 2nd
SHL.DE (1st percentile) and SOON.SW (2nd percentile) both sit in the lower portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

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

Relative Position vs Comparable Companies
Growth
Neither side looks especially strong on growth, though Siemens Healthineers AG still ranks somewhat higher.
Profitability
Siemens Healthineers AG holds the stronger peer position on profitability.
Growth — Dominant Gap
SHL.DE
37
SOON.SW
22
Gap+15in favour of SHL.DE

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

What keeps the gap from being one-sided

Capital efficiency also runs the other way, with a 9.4-point ROIC edge acting as a real counterforce.

What this means for the comparison

The lead is built on both growth and profitability — though profitability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the SHL.DE vs SOON.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-profitability comparisons

Explore how SHL.DE and SOON.SW 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.