RHM.SW falls 11.75% to CHF1438.00 on 05 Feb 2026: watch PE and forecast upside

RHM.SW stock led Swiss market losses on 05 Feb 2026, falling 11.75% to CHF1438.00 at market close on SIX. The move erased CHF191.50 from the share price and traded on a tiny volume of 33 shares versus an average of 53,097. Investors cited valuation concerns after a steep drop from the 50-day average of CHF1653.50 and a headline PE that flagged above benchmarks. We review price drivers, fundamentals and a model forecast that frames the near-term outlook.

RHM.SW stock price action and market context

RHM.SW stock closed down 11.75% to CHF1438.00 on 05 Feb 2026 on the SIX exchange in Switzerland. The session low hit CHF1426.00 and the session high reached CHF1461.00, leaving the stock at the session low range. Volume was 33 shares versus an average of 53,097, indicating thin intraday liquidity.

The share price now sits 19.02% below the 50-day average (CHF1653.50) and near the year low of CHF1426.00. Sector peers in Aerospace & Defense were mixed, while the broader Industrials sector held modest gains, so the headline move reflects company-specific flows and valuation re-rating rather than a sector-wide sell-off.

RHM.SW stock earnings and valuation signals

Rheinmetall AG reports EPS CHF6.84 and a snapshot PE of 210.36 in the latest full quote, which is significantly above the Industrials sector average PE near 28.86. That stretched PE is the core driver of today’s re-rating and investor concern. Reported market cap stands near CHF62.45 billion with 43,417,444 shares outstanding.

Key valuation ratios (price to sales 6.99, price to book 16.36) also show a premium relative to sector medians. High multiples increase sensitivity to any earnings disappointment, and investors will watch the next earnings update and order-book commentary for signs of sustained revenue growth.

RHM.SW stock fundamentals and cash flow metrics

Rheinmetall’s fundamentals show operating strength alongside capital intensity. Revenue per share is CHF241.67, net income per share CHF18.46, and book value per share CHF113.21. Return on equity stands at 19.04%, and interest coverage is a healthy 11.56.

Free cash flow per share is modest at CHF2.15, and the free cash flow yield is low at 0.14%, showing limited cash cushion versus the market cap. Debt to equity near 0.52 keeps leverage moderate, but inventory days are high at 317.23, which could pressure working capital during slower demand periods.

RHM.SW stock technicals and liquidity signals

Technical indicators point to sharp short-term momentum. The reported RSI is 100.00, signalling an extreme move and a potential short-term oversold/overbought imbalance after the steep drop. ADX at 50.00 suggests a strong trend, while ATR is 52.50 CHF, indicating elevated intraday volatility.

Average daily volume historically sits at 53,097, but today’s 33 shares show extremely low traded liquidity. Thin trading can exaggerate price moves and widen spreads, so traders should expect higher execution risk near current levels on SIX.

RHM.SW stock analysis, analyst views and Meyka AI grade

Analyst signals are mixed. A model-based company rating dated 2026-02-05 shows a rating of B- with a Neutral recommendation on fundamental DCF, while profitability metrics (ROE and ROA) score positively. Market concerns centre on valuation and a high PE recommendation flagged as weak by quant screens.

Meyka AI rates RHM.SW with a score out of 100: the proprietary score is 68.37, grade B, suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational and are not financial advice.

RHM.SW stock forecast and price target scenarios

Meyka AI’s forecast model projects a 3-year price of CHF1445.34 and a 5-year price of CHF1807.30, versus the current price of CHF1438.00. The 3-year projection implies a small upside of 0.51%, while the 5-year projection implies 25.68% upside. Forecasts are model-based projections and not guarantees.

Scenario targets for traders: near-term technical support is CHF1426.00 (today’s low), a conservative near-term rebound target is CHF1500.00, a medium-term mean-reversion target aligns to the 50-day average at CHF1653.50, and a bullish recovery target approaches the year high at CHF1784.00. Use stops and position sizing given volatility and thin liquidity.

Final Thoughts

RHM.SW stock was the top loser on SIX on 05 Feb 2026, falling 11.75% to CHF1438.00 on low volume. The immediate driver is a sharp valuation re-rating: headline PE and price-to-book multiples sit well above industrial peers. Fundamentals remain mixed — solid ROE 19.04% and operating margins, but low free cash flow yield and high inventory days raise near-term risks. Meyka AI’s forecast model projects CHF1445.34 in three years and CHF1807.30 in five years, implying modest near-term upside of 0.51% and a longer-term upside of 25.68% versus today’s price. Our proprietary grade scores the stock 68.37/100 (B, HOLD), reflecting the balance of strong operational metrics and stretched valuation. For active investors, the key tradeoffs are valuation risk, thin SIX liquidity, and timing of order-book momentum. Watch the next earnings update, order-book disclosures, and any guidance revisions before increasing exposure. Sources: Rheinmetall investor relations and SIX Swiss Exchange. Meyka AI provides the above as an AI-powered market analysis platform; forecasts and grades are model outputs and not investment advice.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.