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Swiss (SMI) Financials Sector Analysis

UpdatedOct 03, 2025
DataAggregated Company Financials
Companies42
  • 7D1.3%
  • 3M6.9%
  • 1Y16.1%
  • YTD8.4%

Zurich Insurance Group is up 1.1%, leading the way for the Financials industry, which has gained 1.3%. In the last 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

Has the Swiss Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Oct 2025CHF 380.2bCHF 186.1bCHF 29.8b15.5x12.8x2x
Mon, 01 Sep 2025CHF 388.2bCHF 186.5bCHF 29.7b15.4x13.1x2.1x
Wed, 30 Jul 2025CHF 373.7bCHF 206.9bCHF 48.4b15.6x7.7x1.8x
Fri, 27 Jun 2025CHF 347.1bCHF 206.1bCHF 48.4b14.5x7.2x1.7x
Sun, 25 May 2025CHF 356.6bCHF 209.5bCHF 48.7b14.7x7.3x1.7x
Tue, 22 Apr 2025CHF 339.4bCHF 261.7bCHF 100.6b14x3.4x1.3x
Thu, 20 Mar 2025CHF 377.9bCHF 271.2bCHF 101.3b15.7x3.7x1.4x
Sat, 15 Feb 2025CHF 372.2bCHF 241.5bCHF 59.2b14.8x6.3x1.5x
Mon, 13 Jan 2025CHF 355.4bCHF 243.1bCHF 58.2b15.6x6.1x1.5x
Wed, 11 Dec 2024CHF 348.7bCHF 237.2bCHF 57.8b15.2x6x1.5x
Fri, 08 Nov 2024CHF 342.5bCHF 240.1bCHF 58.2b14.6x5.9x1.4x
Sun, 06 Oct 2024CHF 331.2bCHF 237.4bCHF 56.2b14.5x5.9x1.4x
Tue, 03 Sep 2024CHF 324.7bCHF 235.4bCHF 56.1b14.5x5.8x1.4x
Thu, 01 Aug 2024CHF 321.3bCHF 222.1bCHF 67.8b13.9x4.7x1.4x
Sat, 29 Jun 2024CHF 320.1bCHF 225.6bCHF 68.6b14x4.7x1.4x
Mon, 27 May 2024CHF 326.6bCHF 228.3bCHF 69.2b13.8x4.7x1.4x
Wed, 24 Apr 2024CHF 310.6bCHF 195.9bCHF 39.3b13.8x7.9x1.6x
Fri, 22 Mar 2024CHF 331.5bCHF 193.3bCHF 40.5b14x8.2x1.7x
Sun, 18 Feb 2024CHF 306.5bCHF 189.4bCHF 52.0b13.6x5.9x1.6x
Tue, 16 Jan 2024CHF 305.5bCHF 212.1bCHF 58.6b13.2x5.2x1.4x
Thu, 14 Dec 2023CHF 305.9bCHF 214.7bCHF 59.4b13.5x5.2x1.4x
Sat, 11 Nov 2023CHF 288.1bCHF 218.3bCHF 60.4b13x4.8x1.3x
Mon, 09 Oct 2023CHF 287.8bCHF 203.1bCHF 49.9b13.8x5.8x1.4x
Wed, 06 Sep 2023CHF 289.7bCHF 199.1bCHF 49.0b14.1x5.9x1.5x
Fri, 04 Aug 2023CHF 268.5bCHF 193.2bCHF 24.3b14.8x11x1.4x
Sun, 02 Jul 2023CHF 262.5bCHF 195.3bCHF 24.3b13.6x10.8x1.3x
Tue, 30 May 2023CHF 263.0bCHF 196.6bCHF 24.4b14.9x10.8x1.3x
Thu, 27 Apr 2023CHF 269.0bCHF 194.0bCHF 23.5b15x11.5x1.4x
Sat, 25 Mar 2023CHF 261.7bCHF 184.6bCHF 12.1b14.7x21.7x1.4x
Mon, 20 Feb 2023CHF 289.2bCHF 187.9bCHF 11.6b14.7x24.9x1.5x
Wed, 18 Jan 2023CHF 287.0bCHF 194.7bCHF 11.3b14.6x25.5x1.5x
Fri, 16 Dec 2022CHF 268.8bCHF 195.6bCHF 11.3b13.7x23.7x1.4x
Sun, 13 Nov 2022CHF 271.8bCHF 198.0bCHF 12.1b14x22.5x1.4x
Tue, 11 Oct 2022CHF 244.4bCHF 207.8bCHF 17.9b12.8x13.7x1.2x
Price to Earnings Ratio

13.7x


Total Market Cap: CHF 244.4bTotal Earnings: CHF 17.9bTotal Revenue: CHF 207.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 9.9x202320242025
Current Industry PE
  • Investors are optimistic on the Swiss Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 9.9x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 19% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.4% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Financials sector?

CH Market3.66%
Financials1.26%
Diversified Financial3.33%
Insurance2.63%
Banks0.71%
Consumer Finance0.11%
Capital Markets0.034%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 20.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 0.015x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Banks industry is expected to see its earnings grow by 2.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ZURN Zurich Insurance GroupCHF 568.401.1%
+CHF 910.6m		11.5%PE17.4x
UBSG UBS GroupCHF 32.730.7%
+CHF 760.6m		23.9%PE20.8x
SREN Swiss ReCHF 147.101.2%
+CHF 507.9m		28.1%PE14.9x
PGHN Partners Group HoldingCHF 1.05k1.6%
+CHF 428.0m		-17.6%PE22.7x
BAER Julius Bär GruppeCHF 55.202.9%
+CHF 315.5m		6.3%PE13.1x

Latest News

EFGN
CHF 16.60
EFG International
7D
5.3%
1Y
43.1%
UBSG
CHF 32.73
UBS Group
7D
0.7%
1Y
23.9%

Global Banking Integration And Digital Transformation Will Improve Efficiency

Analysts have raised their price targets for UBS Group to CHF32.69, citing improving long-term earnings prospects and the view that integration risks and macro headwinds are already reflected in the share price, with the stock expected to remain range-bound ahead of Q4 results. Analyst Commentary Bullish analysts cite expanding earnings potential for UBS through 2028 as a driver for higher price targets.
PGHN
CHF 1,049.00
Partners Group Holding
7D
1.6%
1Y
-17.6%
HELN
CHF 193.00
Helvetia Holding
7D
-0.9%
1Y
29.5%
EEII
CHF 1.82
EEII
7D
-9.0%
1Y
-41.3%
BALN
CHF 195.20
Baloise Holding
7D
-0.6%
1Y
11.4%
VZN
CHF 161.00
VZ Holding
7D
-1.1%
1Y
19.8%

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SLHN
CHF 852.20
Swiss Life Holding
7D
1.1%
1Y
22.0%

Self-funded Pensions And Digitalization Will Expand European Markets

Swiss Life Holding's consensus price target was modestly raised to CHF801.73, driven by improving earnings growth expectations, resilient fee and risk income, and strong cost discipline, despite some caution over macroeconomic headwinds following recent share price gains. Analyst Commentary Expectations of improved earnings growth supported modest price target increases.
SQN
CHF 528.00
Swissquote Group Holding
7D
1.6%
1Y
73.9%

Interest Rate Cuts And European Competition Will Pressure Profits Yet AI Investments Will Sustain Performance

Analysts have modestly raised their price target for Swissquote Group Holding to CHF475.33, reflecting confidence in continued operational strength and long-term growth despite some valuation concerns and belief that near-term optimism is largely priced in. Analyst Commentary Bullish analysts expect continued operational strength, as reflected in raised price targets despite some downgrades.
ZURN
CHF 568.40
Zurich Insurance Group
7D
1.1%
1Y
11.5%

Digital Analytics And Demographics Will Shape Specialty Insurance

Zurich Insurance Group’s valuation has improved as analysts now expect stronger revenue growth and a notably lower future P/E ratio, resulting in a modest increase in the consensus analyst price target to CHF547.32. Valuation Changes Summary of Valuation Changes for Zurich Insurance Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CHF541.11 to CHF547.32.
SREN
CHF 147.10
Swiss Re
7D
1.2%
1Y
28.1%

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Swiss Re’s fair value estimate was marginally lowered as analysts weighed improved revenue growth forecasts against a significantly lower future P/E multiple, resulting in a slight reduction of the consensus price target to CHF140.27. What's in the News California Governor Gavin Newsom is proposing legislation to inject $18B into the state's wildfire fund, nearly doubling its resources, following major wildfires in Los Angeles County earlier this year (Bloomberg, 2025-07-30).
GLKBN
CHF 21.20
Glarner Kantonalbank
7D
-0.9%
1Y
-0.5%
GRKP
CHF 1,745.00
Graubündner Kantonalbank
7D
-0.3%
1Y
0.6%
SNBN
CHF 3,680.00
Schweizerische Nationalbank
7D
-1.9%
1Y
1.4%
BAER
CHF 55.20
Julius Bär Gruppe
7D
2.9%
1Y
6.3%