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Swiss (SMI) Financials Sector Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies42
  • 7D2.2%
  • 3M6.7%
  • 1Y15.7%
  • YTD0%

Over the last 7 days, the Financials industry has risen 2.2%, driven by gains from UBS Group of 4.2%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 9.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026CHF 400.8bCHF 202.0bCHF 53.3b16.5x7.5x2x
Thu, 04 Dec 2025CHF 373.2bCHF 209.3bCHF 53.9b15.8x6.9x1.8x
Sat, 01 Nov 2025CHF 374.2bCHF 188.1bCHF 30.7b15.3x12.2x2x
Mon, 29 Sep 2025CHF 378.9bCHF 186.0bCHF 29.8b15.4x12.7x2x
Wed, 27 Aug 2025CHF 388.7bCHF 186.9bCHF 29.7b15.1x13.1x2.1x
Fri, 25 Jul 2025CHF 373.8bCHF 205.3bCHF 48.2b15.7x7.7x1.8x
Sun, 22 Jun 2025CHF 341.9bCHF 209.1bCHF 48.6b14.4x7x1.6x
Tue, 20 May 2025CHF 367.8bCHF 211.7bCHF 48.9b14.8x7.5x1.7x
Thu, 17 Apr 2025CHF 338.3bCHF 261.2bCHF 100.6b13.9x3.4x1.3x
Sat, 15 Mar 2025CHF 373.1bCHF 270.3bCHF 101.5b16.7x3.7x1.4x
Mon, 10 Feb 2025CHF 371.4bCHF 243.4bCHF 59.3b15.5x6.3x1.5x
Wed, 08 Jan 2025CHF 357.7bCHF 241.5bCHF 58.1b15.6x6.2x1.5x
Fri, 06 Dec 2024CHF 355.2bCHF 236.7bCHF 57.8b15.3x6.1x1.5x
Sun, 03 Nov 2024CHF 331.2bCHF 239.9bCHF 58.2b14.5x5.7x1.4x
Tue, 01 Oct 2024CHF 330.2bCHF 235.2bCHF 56.0b14.5x5.9x1.4x
Thu, 29 Aug 2024CHF 325.5bCHF 233.7bCHF 56.0b14.5x5.8x1.4x
Sat, 27 Jul 2024CHF 320.8bCHF 223.1bCHF 68.1b13.9x4.7x1.4x
Mon, 24 Jun 2024CHF 323.0bCHF 224.9bCHF 68.4b14.2x4.7x1.4x
Wed, 22 May 2024CHF 325.7bCHF 227.7bCHF 69.1b13.8x4.7x1.4x
Fri, 19 Apr 2024CHF 306.6bCHF 193.3bCHF 39.3b13.8x7.8x1.6x
Sun, 17 Mar 2024CHF 329.8bCHF 191.4bCHF 40.0b14.1x8.2x1.7x
Tue, 13 Feb 2024CHF 303.0bCHF 188.2bCHF 51.8b13.4x5.9x1.6x
Thu, 11 Jan 2024CHF 305.3bCHF 211.5bCHF 58.4b13.3x5.2x1.4x
Sat, 09 Dec 2023CHF 304.8bCHF 215.4bCHF 59.5b13.5x5.1x1.4x
Mon, 06 Nov 2023CHF 290.9bCHF 213.8bCHF 61.1b13.9x4.8x1.4x
Wed, 04 Oct 2023CHF 280.8bCHF 198.0bCHF 49.7b13.9x5.7x1.4x
Fri, 01 Sep 2023CHF 281.9bCHF 198.5bCHF 25.1b14.3x11.2x1.4x
Sun, 30 Jul 2023CHF 275.4bCHF 192.5bCHF 24.0b14.6x11.5x1.4x
Tue, 27 Jun 2023CHF 259.8bCHF 195.4bCHF 24.3b13.5x10.7x1.3x
Thu, 25 May 2023CHF 261.6bCHF 196.7bCHF 24.5b14.8x10.7x1.3x
Sat, 22 Apr 2023CHF 272.3bCHF 180.9bCHF 11.8b15.3x23.1x1.5x
Mon, 20 Mar 2023CHF 257.9bCHF 186.0bCHF 12.5b14.4x20.6x1.4x
Wed, 15 Feb 2023CHF 289.2bCHF 187.4bCHF 11.6b14.8x24.9x1.5x
Fri, 13 Jan 2023CHF 287.0bCHF 195.6bCHF 11.3b14.5x25.3x1.5x
Price to Earnings Ratio

25.3x


Total Market Cap: CHF 287.0bTotal Earnings: CHF 11.3bTotal Revenue: CHF 195.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 8.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Swiss Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.5x which is lower than its 3-year average PE of 8.8x.
  • 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 68% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CH Market0.46%
Financials2.24%
Capital Markets4.18%
Consumer Finance3.24%
Banks2.45%
Diversified Financial0.57%
Insurance0.028%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 14.4%, which is lower than the prior year's growth of 20.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 0.017x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • 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
UBSG UBS GroupCHF 38.174.2%
+CHF 4.9b		30.7%PE20.8x
PGHN Partners Group HoldingCHF 1.03k5.2%
+CHF 1.3b		-18.3%PE22.3x
BAER Julius Bär GruppeCHF 65.785.9%
+CHF 749.8m		11.3%PE15.6x
SLHN Swiss Life HoldingCHF 932.201.9%
+CHF 493.0m		30.8%PE22.4x
EFGN EFG InternationalCHF 19.864.9%
+CHF 277.3m		49.1%PE16.6x

Latest News

CFT
CHF 285.00
Compagnie Financière Tradition
7D
-0.7%
1Y
57.9%
UBSG
CHF 38.17
UBS Group
7D
4.2%
1Y
30.7%

UBSG: Higher P/E Expectations Will Shape Future Repricing Versus Regulatory Risks

The updated analyst price target for UBS Group moves from CHF 39.50 to about CHF 45.36. Analysts attribute this change to a slightly higher assumed discount rate and P/E multiple, along with revised expectations for revenue growth and profit margins, supported by recent target increases from several major firms even as ratings remain mixed.
SLHN
CHF 932.20
Swiss Life Holding
7D
1.9%
1Y
30.8%

SLHN: Future Returns Will Likely Disappoint Despite Raised CHF 939 Price Objective

Analysts have modestly raised their price target on Swiss Life Holding, reflecting a slightly higher intrinsic value estimate of approximately CHF 826, up from about CHF 822. They attribute this change to sustained profitability and supportive sector dynamics.
EEII
CHF 2.04
EEII
7D
-1.0%
1Y
-34.2%
SQN
CHF 497.40
Swissquote Group Holding
7D
2.1%
1Y
37.9%

SQN: Lower Risk And Stable Fundamentals Will Shape Future Market Perception

Analysts have modestly raised their price target on Swissquote Group Holding, citing slightly lower perceived risk and stable long term growth and profitability assumptions. Together, these factors support a fair value estimate of CHF 501.22 per share, up only marginally from the prior assessment.
BAER
CHF 65.78
Julius Bär Gruppe
7D
5.9%
1Y
11.3%

BAER: Future Returns Will Depend On Execution Amid Mixed Earnings Signals

Analysts have nudged their fair value estimate for Julius Bär Gruppe slightly higher to about CHF 63.33 from roughly CHF 63.02, reflecting modestly improved expectations for revenue growth and profit margins despite mixed recent adjustments to Street price targets. Analyst Commentary Recent research updates illustrate a nuanced but broadly supportive stance from the Street, with modest adjustments to price targets and an unchanged positive rating on the shares.
SREN
CHF 130.15
Swiss Re
7D
-1.7%
1Y
-1.8%

SREN: Shares Will Track Softer Reinsurance Cycle And Narrowing Peer Premium

Analysts have trimmed their price target on Swiss Re by about CHF 9 to reflect slightly lower long term revenue growth, a modestly reduced profit margin outlook, and a lower assumed future P E multiple, as the reinsurance market is expected to soften into 2026. Analyst Commentary Recent Street research on Swiss Re reflects a more balanced and selective stance, with enthusiasm around the group s execution giving way to greater scrutiny of valuation and cycle risk.
EFGN
CHF 19.86
EFG International
7D
4.9%
1Y
49.1%

EFGN: Future Outlook Will Balance Revenue Prospects And Execution Risks

Analysts have nudged their price target for EFG International higher to approximately CHF 17.45 from CHF 17.10. This reflects improved expectations for revenue growth and a slightly lower discount rate, despite largely stable profit margin and valuation assumptions.
PGHN
CHF 1,030.00
Partners Group Holding
7D
5.2%
1Y
-18.3%

PGHN: Future Profit Margins And Private Markets Expansion Will Drive Upside

Analysts have modestly lowered their price target on Partners Group Holding, trimming fair value from CHF 1,443.58 to CHF 1,400.00. Slightly softer anticipated revenue growth and a lower future P E multiple more than offset expectations for improved profit margins and a marginally reduced discount rate.
VLRT
CHF 11.90
Valartis Group
7D
-2.5%
1Y
-4.0%
HAUTE
CHF 153.70
Haute Capital Partners
7D
-2.4%
1Y
18.8%
LUKN
CHF 96.80
Luzerner Kantonalbank
7D
4.6%
1Y
46.2%
GAM
CHF 0.14
GAM Holding
7D
-6.4%
1Y
53.7%

GAM Holding AG's (VTX:GAM) 39% Price Boost Is Out Of Tune With Revenues

Sep 26
GAM Holding AG's (VTX:GAM) 39% Price Boost Is Out Of Tune With Revenues
HBLN
CHF 4,020.00
Hypothekarbank Lenzburg
7D
-1.0%
1Y
-1.0%
BCVN
CHF 103.30
Banque Cantonale Vaudoise
7D
3.2%
1Y
20.3%
NBEN
CHF 5.90
nebag ag
7D
-1.7%
1Y
-7.8%