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Swiss (SMI) Financials Sector Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies42
  • 7D0.08%
  • 3M5.4%
  • 1Y14.9%
  • YTDn/a

Over the last 7 days, the Financials industry has remained flat. The past year has been better, since the industry has gained 15% in that time. As for the next few years, earnings are expected to grow by 9.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026CHF 393.9bCHF 202.1bCHF 53.3b16x7.4x1.9x
Mon, 01 Dec 2025CHF 378.2bCHF 209.8bCHF 53.9b15.5x7x1.8x
Wed, 29 Oct 2025CHF 377.2bCHF 185.4bCHF 29.7b15.4x12.7x2x
Fri, 26 Sep 2025CHF 375.5bCHF 186.4bCHF 29.8b15.4x12.6x2x
Sun, 24 Aug 2025CHF 393.7bCHF 186.6bCHF 29.7b15.6x13.3x2.1x
Tue, 22 Jul 2025CHF 367.9bCHF 205.9bCHF 48.4b15.9x7.6x1.8x
Thu, 19 Jun 2025CHF 342.2bCHF 209.2bCHF 48.6b14.3x7x1.6x
Sat, 17 May 2025CHF 366.1bCHF 212.9bCHF 48.8b14.5x7.5x1.7x
Mon, 14 Apr 2025CHF 328.7bCHF 261.5bCHF 100.6b13.8x3.3x1.3x
Wed, 12 Mar 2025CHF 365.2bCHF 271.4bCHF 101.1b16.4x3.6x1.3x
Fri, 07 Feb 2025CHF 371.2bCHF 242.7bCHF 59.3b15.5x6.3x1.5x
Sun, 05 Jan 2025CHF 351.3bCHF 241.8bCHF 58.1b15.2x6x1.5x
Tue, 03 Dec 2024CHF 353.6bCHF 238.0bCHF 57.9b14.8x6.1x1.5x
Thu, 31 Oct 2024CHF 333.2bCHF 238.5bCHF 56.3b14.5x5.9x1.4x
Sat, 28 Sep 2024CHF 331.9bCHF 234.2bCHF 56.0b14.4x5.9x1.4x
Mon, 26 Aug 2024CHF 326.2bCHF 234.6bCHF 56.1b14.6x5.8x1.4x
Wed, 24 Jul 2024CHF 324.2bCHF 224.5bCHF 68.3b14.6x4.7x1.4x
Fri, 21 Jun 2024CHF 327.7bCHF 224.4bCHF 68.3b14.1x4.8x1.5x
Sun, 19 May 2024CHF 324.7bCHF 227.2bCHF 69.0b13.8x4.7x1.4x
Tue, 16 Apr 2024CHF 315.6bCHF 193.3bCHF 39.3b13.9x8x1.6x
Thu, 14 Mar 2024CHF 329.7bCHF 200.5bCHF 40.1b13.9x8.2x1.6x
Sat, 10 Feb 2024CHF 300.2bCHF 188.0bCHF 51.7b13.6x5.8x1.6x
Mon, 08 Jan 2024CHF 305.2bCHF 211.3bCHF 58.4b13x5.2x1.4x
Wed, 06 Dec 2023CHF 300.6bCHF 214.7bCHF 59.4b13.5x5.1x1.4x
Fri, 03 Nov 2023CHF 290.5bCHF 202.7bCHF 49.8b14x5.8x1.4x
Sun, 01 Oct 2023CHF 284.1bCHF 197.9bCHF 49.6b14.1x5.7x1.4x
Tue, 29 Aug 2023CHF 274.9bCHF 198.3bCHF 25.1b14.4x11x1.4x
Thu, 27 Jul 2023CHF 273.0bCHF 191.5bCHF 23.9b14.4x11.4x1.4x
Sat, 24 Jun 2023CHF 260.5bCHF 195.7bCHF 24.3b13.8x10.7x1.3x
Mon, 22 May 2023CHF 266.5bCHF 195.9bCHF 24.4b15x10.9x1.4x
Wed, 19 Apr 2023CHF 271.8bCHF 181.6bCHF 11.8b15.2x23x1.5x
Fri, 17 Mar 2023CHF 263.5bCHF 187.0bCHF 12.5b14.5x21x1.4x
Sun, 12 Feb 2023CHF 286.1bCHF 193.1bCHF 12.2b14.3x23.5x1.5x
Tue, 10 Jan 2023CHF 282.5bCHF 194.2bCHF 11.2b14.1x25.2x1.5x
Price to Earnings Ratio

25.2x


Total Market Cap: CHF 282.5bTotal Earnings: CHF 11.2bTotal Revenue: CHF 194.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 8.9x202420252026
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 8.9x.
  • 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 Market0.21%
Financials0.082%
Diversified Financial2.62%
Consumer Finance0.51%
Banks0.32%
Capital Markets0.052%
Insurance0.036%
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 18.4x.
    • 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
PGHN Partners Group HoldingCHF 982.400.6%
+CHF 155.6m		-21.1%PE21.3x
ZURN Zurich Insurance GroupCHF 601.800.1%
+CHF 85.4m		10.4%PE18.5x
UBSG UBS GroupCHF 36.960.05%
+CHF 63.4m		29.9%PE20.1x
VAHN Vaudoise Assurances HoldingCHF 728.002.5%
+CHF 52.1m		45.6%PE14.1x
SREN Swiss ReCHF 132.850.1%
+CHF 44.2m		0.1%PE10.1x

Latest News

ZURN
CHF 601.80
Zurich Insurance Group
7D
0.1%
1Y
10.4%
HBAN
CHF 209.20
Helvetia Baloise Holding
7D
-0.3%
1Y
36.5%

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).
SQN
CHF 487.00
Swissquote Group Holding
7D
-0.7%
1Y
37.5%

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 62.40
Julius Bär Gruppe
7D
-0.6%
1Y
6.8%

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.
UBSG
CHF 36.96
UBS Group
7D
0.05%
1Y
29.9%

UBSG: Rising Profit Margins Will Strain Sustainability At Current Share Price

The analyst price target for UBS Group has been raised by roughly CHF 5 to CHF 28. Analysts are factoring in stronger profit margins and a modestly higher future earnings multiple, despite slightly softer revenue growth assumptions.
SREN
CHF 132.85
Swiss Re
7D
0.1%
1Y
0.1%

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.
SLHN
CHF 916.80
Swiss Life Holding
7D
-0.3%
1Y
28.7%
VONN
CHF 64.30
Vontobel Holding
7D
-0.2%
1Y
0.5%

VONN: Higher Price Expectations Will Shape A Cautious Yet Balanced Near-Term Outlook

Analysts have raised their price target on Vontobel Holding to CHF 64.50 from CHF 63.30, reflecting expectations for stronger revenue growth and slightly improved profitability, along with a modestly lower future valuation multiple. Analyst Commentary Analysts remain balanced in their outlook on Vontobel Holding, with the higher price target reflecting incremental confidence in the firm’s earnings trajectory, but not enough conviction to warrant a more positive rating shift.
PGHN
CHF 982.40
Partners Group Holding
7D
0.6%
1Y
-21.1%

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.
ZUGER
CHF 8,840.00
Zuger Kantonalbank
7D
-0.2%
1Y
4.2%

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Nov 20
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VZN
CHF 149.40
VZ Holding
7D
-0.1%
1Y
0.5%

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Nov 14
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VATN
CHF 151.00
Valiant Holding
7D
1.1%
1Y
41.9%
VAHN
CHF 728.00
Vaudoise Assurances Holding
7D
2.5%
1Y
45.6%
BCGE
CHF 24.60
Banque Cantonale de Genève
7D
2.5%
1Y
-3.5%
BEKN
CHF 309.50
Berner Kantonalbank
7D
1.0%
1Y
31.7%
GRKP
CHF 1,835.00
Graubündner Kantonalbank
7D
-0.5%
1Y
3.7%