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Swiss (SMI) Financials Sector Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies42
  • 7D1.9%
  • 3M10.9%
  • 1Y11.8%
  • YTD5.4%

Over the last 7 days, the Financials industry has remained flat, although notably Swissquote Group Holding gained 11%. The past year has been better, since the industry has gained 11% in that time. As for the next few years, earnings are expected to grow by 8.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026CHF 433.9bCHF 203.5bCHF 45.9b15.4x9.5x2.1x
Sat, 25 Jul 2026CHF 430.7bCHF 200.8bCHF 44.9b16.7x9.6x2.1x
Mon, 22 Jun 2026CHF 404.7bCHF 198.1bCHF 44.0b16.3x9.2x2x
Wed, 20 May 2026CHF 395.3bCHF 195.1bCHF 43.6b16.3x9.1x2x
Fri, 17 Apr 2026CHF 394.8bCHF 198.4bCHF 48.8b17.1x8.1x2x
Sun, 15 Mar 2026CHF 357.8bCHF 200.8bCHF 48.9b16.8x7.3x1.8x
Tue, 10 Feb 2026CHF 379.3bCHF 198.8bCHF 53.1b17.1x7.1x1.9x
Thu, 08 Jan 2026CHF 393.5bCHF 202.6bCHF 53.4b16x7.4x1.9x
Sat, 06 Dec 2025CHF 378.2bCHF 210.1bCHF 54.0b15.8x7x1.8x
Mon, 03 Nov 2025CHF 374.0bCHF 210.4bCHF 53.0b15.3x7.1x1.8x
Wed, 01 Oct 2025CHF 381.9bCHF 185.8bCHF 29.8b15.4x12.8x2.1x
Fri, 29 Aug 2025CHF 389.4bCHF 186.6bCHF 29.7b15.3x13.1x2.1x
Sun, 27 Jul 2025CHF 374.0bCHF 205.2bCHF 48.2b15.7x7.8x1.8x
Tue, 24 Jun 2025CHF 340.9bCHF 208.1bCHF 48.5b14.4x7x1.6x
Thu, 22 May 2025CHF 363.1bCHF 210.3bCHF 48.7b14.9x7.5x1.7x
Sat, 19 Apr 2025CHF 339.4bCHF 261.7bCHF 100.6b14x3.4x1.3x
Mon, 17 Mar 2025CHF 373.8bCHF 270.0bCHF 101.4b15.4x3.7x1.4x
Wed, 12 Feb 2025CHF 373.6bCHF 244.1bCHF 59.4b15x6.3x1.5x
Fri, 10 Jan 2025CHF 360.3bCHF 242.4bCHF 58.2b15.7x6.2x1.5x
Sun, 08 Dec 2024CHF 353.6bCHF 236.6bCHF 57.8b15.2x6.1x1.5x
Tue, 05 Nov 2024CHF 329.0bCHF 238.8bCHF 58.1b14.5x5.7x1.4x
Thu, 03 Oct 2024CHF 329.3bCHF 235.4bCHF 56.0b14.4x5.9x1.4x
Sat, 31 Aug 2024CHF 324.2bCHF 235.1bCHF 56.1b14.5x5.8x1.4x
Mon, 29 Jul 2024CHF 320.9bCHF 223.1bCHF 68.0b13.9x4.7x1.4x
Wed, 26 Jun 2024CHF 321.6bCHF 224.9bCHF 68.4b14.1x4.7x1.4x
Fri, 24 May 2024CHF 326.7bCHF 228.3bCHF 69.2b13.8x4.7x1.4x
Sun, 21 Apr 2024CHF 306.6bCHF 192.9bCHF 39.3b13.7x7.8x1.6x
Tue, 19 Mar 2024CHF 329.5bCHF 192.2bCHF 40.2b14.1x8.2x1.7x
Thu, 15 Feb 2024CHF 303.6bCHF 189.6bCHF 52.2b13.3x5.8x1.6x
Sat, 13 Jan 2024CHF 305.1bCHF 211.6bCHF 58.4b13.4x5.2x1.4x
Mon, 11 Dec 2023CHF 304.8bCHF 215.2bCHF 59.5b13.5x5.1x1.4x
Wed, 08 Nov 2023CHF 290.0bCHF 215.0bCHF 62.5b13.2x4.6x1.3x
Fri, 06 Oct 2023CHF 282.6bCHF 203.7bCHF 50.1b13.8x5.6x1.4x
Sun, 03 Sep 2023CHF 287.3bCHF 198.7bCHF 48.9b14.2x5.9x1.4x
Price to Earnings Ratio

5.9x


Total Market Cap: CHF 287.3bTotal Earnings: CHF 48.9bTotal Revenue: CHF 198.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 7x202420252026
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 9.4x which is higher than its 3-year average PE of 7.0x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 2.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CH Market1.01%
Financials1.87%
Banks2.35%
Capital Markets2.27%
Consumer Finance1.98%
Insurance1.29%
Mortgage Finance0%0
Diversified Financial-0.65%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 1.2%, which is lower than the prior year's growth of 2.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 0.02x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat 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 43.902.4%
+CHF 3.1b		35.7%PE17.5x
ZURN Zurich Insurance GroupCHF 597.801.9%
+CHF 1.6b		2.9%PE15.4x
SQN Swissquote Group HoldingCHF 41.4410.0%
+CHF 563.6m		-21.4%PE17.2x
PGHN Partners Group HoldingCHF 735.602.1%
+CHF 397.1m		-33.9%PE15x
GRKP Graubündner KantonalbankCHF 2.55k6.3%
+CHF 373.6m		47.0%PB2.1x

Latest News

UBSG
CHF 43.90
UBS Group
7D
2.4%
1Y
35.7%
EFGN
CHF 16.08
EFG International
7D
-3.4%
1Y
1.0%
Narrative Update • Aug 25

EFGN: Future Upside Will Rely On Harris Allday Disposal Execution

Analysts have nudged their fair value estimate for EFG International lower to CHF 18.83 from CHF 19.55, while supporting a slightly higher Street price target of CHF 18.90 based on updated assumptions around revenue, profit margins and future P/E expectations. Analyst Commentary Recent research on EFG International points to a modestly more constructive stance on the stock, with price targets fine tuned rather than radically reset.
GRKP
CHF 2,550.00
Graubündner Kantonalbank
7D
6.3%
1Y
47.0%
BCVN
CHF 125.70
Banque Cantonale Vaudoise
7D
2.8%
1Y
33.4%
LLBN
CHF 115.40
Liechtensteinische Landesbank
7D
-1.0%
1Y
39.0%
LEON
CHF 20.45
Leonteq
7D
-1.9%
1Y
27.8%
SREN
CHF 141.05
Swiss Re
7D
0.6%
1Y
-2.7%
Narrative Update • Aug 19

SREN: Softer Reinsurance Cycle And Flat Earnings Will Pressure Future Returns

Swiss Re's updated analyst price target edges lower to an implied fair value of about CHF 124 from roughly CHF 128, as analysts factor in softer revenue growth expectations, a slightly higher discount rate and a lower future P/E multiple, partly balanced by a higher projected profit margin, following recent research that points to pressure from a softer reinsurance market and expectations for flatter earnings. Analyst Commentary Recent research on Swiss Re points to a more cautious setup, with several high profile firms reassessing both growth expectations and valuation multiples.
PGHN
CHF 735.60
Partners Group Holding
7D
2.1%
1Y
-33.9%
SQN
CHF 41.44
Swissquote Group Holding
7D
10.0%
1Y
-21.4%
Narrative Update • Aug 18

SQN: Post Earnings Reset And Trading Volumes Will Drive Next Phase

Analysts have trimmed their fair value estimate for Swissquote Group Holding from CHF 62.00 to CHF 60.00, reflecting slightly lower revenue growth assumptions and a reduced future P/E. They still point to supportive recent upgrades that focus on valuation and perceived risk or reward after the post earnings share price reaction.
BLKB
CHF 1,065.00
Basellandschaftliche Kantonalbank
7D
-0.9%
1Y
18.3%
VZN
CHF 178.40
VZ Holding
7D
3.6%
1Y
0.1%
ZURN
CHF 597.80
Zurich Insurance Group
7D
1.9%
1Y
2.9%
WKBN
CHF 156.50
Walliser Kantonalbank
7D
-0.3%
1Y
23.7%
HBMN
CHF 234.50
HBM Healthcare Investments
7D
-6.2%
1Y
32.9%
CFT
CHF 264.00
Compagnie Financière Tradition
7D
-0.4%
1Y
2.3%
VAHN
CHF 764.00
Vaudoise Assurances Holding
7D
-0.3%
1Y
18.4%