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Swiss (SMI) Financials Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies42
  • 7D0.09%
  • 3M5.6%
  • 1Y13.6%
  • YTD-1.6%

Last week, the Financials industry hasn't moved much but UBS Group is up 3.2% in that time. The past year has been better, since the industry has gained 14% in that time. Looking forward, 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
Sun, 11 Jan 2026CHF 394.2bCHF 203.3bCHF 53.4b16x7.4x1.9x
Tue, 09 Dec 2025CHF 371.5bCHF 204.4bCHF 53.6b15.6x6.9x1.8x
Thu, 06 Nov 2025CHF 377.1bCHF 211.4bCHF 53.1b15.3x7.1x1.8x
Sat, 04 Oct 2025CHF 383.0bCHF 185.7bCHF 29.8b15.4x12.9x2.1x
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
Price to Earnings Ratio

25.5x


Total Market Cap: CHF 287.0bTotal Earnings: CHF 11.3bTotal Revenue: CHF 194.7bTotal 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 7.4x 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 1.9x.
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 Market1.77%
Financials0.093%
Capital Markets3.24%
Banks1.21%
Diversified Financial0.28%
Mortgage Finance0%0
Consumer Finance-2.11%
Insurance-3.66%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 18.1x.
    • 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 38.153.2%
+CHF 3.8b		28.1%PE20.6x
PGHN Partners Group HoldingCHF 1.02k4.1%
+CHF 1.0b		-22.3%PE22.1x
BAER Julius Bär GruppeCHF 65.084.3%
+CHF 549.0m		10.7%PE15.4x
VZN VZ HoldingCHF 158.205.9%
+CHF 347.0m		5.2%PE27.4x
EFGN EFG InternationalCHF 19.904.4%
+CHF 253.2m		53.1%PE16.6x

Latest News

SQN
CHF 477.20
Swissquote Group Holding
7D
-2.0%
1Y
33.7%

SQN: Neutral Coverage And Market Fragmentation Will Shape Future Perception

Analysts have trimmed their price target for Swissquote Group Holding to CHF 479, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E, while maintaining a broadly consistent fair value framework. Analyst Commentary Coverage starting at CHF 479 with a Neutral stance suggests that analysts see Swissquote as roughly fairly valued on their current assumptions, with both upside and execution risks tied closely to how the broader European retail investment market evolves.
VONN
CHF 65.60
Vontobel Holding
7D
2.0%
1Y
1.4%

VONN: Neutral Stance And Slightly Higher Price View Will Guide Near-Term Expectations

Analysts have raised their price target for Vontobel Holding to CHF 64.50 from CHF 63.30, reflecting updated views on the shares while maintaining a Neutral stance overall. Analyst Commentary Analysts have fine tuned their view on Vontobel Holding, reflected in the new CHF 64.50 price target while keeping a Neutral stance, which signals a more balanced risk and reward profile at current levels.
ZURN
CHF 577.80
Zurich Insurance Group
7D
-4.0%
1Y
8.8%

ZURN: Stable Returns Will Rely On Slightly Softer Margins And P/E Assumptions

Analysts have trimmed their price target for Zurich Insurance Group to CHF 557.20 from CHF 558.40, reflecting small adjustments to assumptions around revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value Estimate reduced slightly from CHF 558.40 to CHF 557.20, a change of about CHF 1.20.
EFGN
CHF 19.90
EFG International
7D
4.4%
1Y
53.1%

EFGN: Future Returns Will Depend On Uncertain Revenue And Margin Execution

Narrative Update on EFG International Analysts have lifted their price target on EFG International to CHF 16.60 from CHF 15.80, citing updated assumptions on the discount rate, revenue growth, profit margin and forward P/E as the key drivers behind the change. Analyst Commentary Recent research points to a more constructive view on EFG International's valuation, reflected in a higher price target of CHF 16.60 compared with the earlier CHF 15.80, while the rating remains Neutral.
PGHN
CHF 1,022.50
Partners Group Holding
7D
4.1%
1Y
-22.3%

PGHN: Hospitality Real Estate Expansion Will Support Future Upside Potential

Analysts held their fair value estimate for Partners Group Holding at CHF 1,400.00. The updated target reflects slightly adjusted assumptions for discount rate, revenue growth, profit margins and a higher future P/E multiple, which together refine rather than overhaul their previous view.
BAER
CHF 65.08
Julius Bär Gruppe
7D
4.3%
1Y
10.7%

BAER: Future Returns Will Rely On Execution And New International Offices

Analysts have nudged their price target for Julius Bär Gruppe slightly lower, trimming it from CHF 69.00 to CHF 67.50. This reflects updated views on the shares while keeping their core investment case intact.
CMBN
CHF 97.25
Cembra Money Bank
7D
-2.1%
1Y
13.3%
SREN
CHF 127.55
Swiss Re
7D
-4.0%
1Y
-3.0%

SREN: Re Rating Toward Peers Will Face Pressure From Earnings Delivery

Analysts have raised their price target for Swiss Re to CHF 125 from CHF 116.56, reflecting updated assumptions that include a higher discount rate, revised revenue growth and profit margin inputs, and a new future P/E multiple. Analyst Commentary The recent price target reset to CHF 125 comes alongside more cautious commentary from bearish analysts who question how Swiss Re is currently valued versus some of its closest European peers.
CFT
CHF 285.00
Compagnie Financière Tradition
7D
-0.7%
1Y
51.2%
UBSG
CHF 38.15
UBS Group
7D
3.2%
1Y
28.1%

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 892.80
Swiss Life Holding
7D
-2.6%
1Y
27.0%

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.
HBAN
CHF 202.60
Helvetia Baloise Holding
7D
-3.2%
1Y
32.1%

HBAN: Index Additions Will Support Fairly Valued Shares Despite Margin Pressure

Analysts have raised their price target for Helvetia Baloise Holding from CHF 213.00 to approximately CHF 221.25, citing stronger anticipated revenue growth that more than offsets slightly lower profit margin assumptions and a modestly higher future earnings multiple. What's in the News Helvetia Baloise Holding Ltd (SWX:HELN) is being added to the S&P Global 1200 index, increasing its visibility among global institutional investors (Key Developments).
VZN
CHF 158.20
VZ Holding
7D
5.9%
1Y
5.2%

What VZ Holding AG's (VTX:VZN) P/E Is Not Telling You

Nov 14
What VZ Holding AG's (VTX:VZN) P/E Is Not Telling You
HAUTE
CHF 146.50
Haute Capital Partners
7D
-6.0%
1Y
13.0%
LLBN
CHF 85.80
Liechtensteinische Landesbank
7D
2.4%
1Y
20.5%
GRKP
CHF 1,880.00
Graubündner Kantonalbank
7D
2.5%
1Y
5.9%