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Swiss (SMI) Financials Sector Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies42
  • 7D-0.2%
  • 3M-3.3%
  • 1Y10.1%
  • YTD7.4%

Over the last 7 days, the Financials industry has remained flat. As for the the longer term, the industry is up 10% over the past 12 months. As for the next few years, earnings are expected to grow by 9.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025CHF 376.8bCHF 208.6bCHF 52.8b15.4x7.1x1.8x
Wed, 15 Oct 2025CHF 382.0bCHF 186.6bCHF 29.8b15.4x12.8x2x
Fri, 12 Sep 2025CHF 381.3bCHF 185.7bCHF 29.7b15.2x12.8x2.1x
Sun, 10 Aug 2025CHF 388.6bCHF 187.5bCHF 29.5b16x13.2x2.1x
Tue, 08 Jul 2025CHF 355.7bCHF 205.8bCHF 48.3b14.8x7.4x1.7x
Thu, 05 Jun 2025CHF 359.8bCHF 209.2bCHF 48.6b14.8x7.4x1.7x
Sat, 03 May 2025CHF 356.1bCHF 263.0bCHF 100.7b14.5x3.5x1.4x
Mon, 31 Mar 2025CHF 377.9bCHF 272.1bCHF 101.5b14.5x3.7x1.4x
Wed, 26 Feb 2025CHF 372.0bCHF 233.3bCHF 60.0b14.4x6.2x1.6x
Fri, 24 Jan 2025CHF 371.1bCHF 241.5bCHF 58.1b16.2x6.4x1.5x
Sun, 22 Dec 2024CHF 338.3bCHF 239.0bCHF 57.9b14.7x5.8x1.4x
Tue, 19 Nov 2024CHF 342.7bCHF 238.2bCHF 57.9b14.4x5.9x1.4x
Thu, 17 Oct 2024CHF 340.3bCHF 238.3bCHF 56.3b14.5x6x1.4x
Sat, 14 Sep 2024CHF 322.1bCHF 235.6bCHF 56.1b14.3x5.7x1.4x
Mon, 12 Aug 2024CHF 307.4bCHF 233.0bCHF 79.0b13.9x3.9x1.3x
Wed, 10 Jul 2024CHF 323.6bCHF 225.5bCHF 68.6b14.1x4.7x1.4x
Fri, 07 Jun 2024CHF 327.3bCHF 224.2bCHF 68.3b13.9x4.8x1.5x
Sun, 05 May 2024CHF 304.3bCHF 223.9bCHF 67.8b13.7x4.5x1.4x
Tue, 02 Apr 2024CHF 329.1bCHF 193.4bCHF 39.3b14x8.4x1.7x
Thu, 29 Feb 2024CHF 314.3bCHF 212.4bCHF 51.6b13.5x6.1x1.5x
Sat, 27 Jan 2024CHF 310.1bCHF 213.1bCHF 58.9b13.1x5.3x1.5x
Mon, 25 Dec 2023CHF 309.4bCHF 212.0bCHF 58.6b13x5.3x1.5x
Wed, 22 Nov 2023CHF 295.0bCHF 215.6bCHF 59.6b13.3x4.9x1.4x
Fri, 20 Oct 2023CHF 285.7bCHF 201.3bCHF 49.3b13.5x5.8x1.4x
Sun, 17 Sep 2023CHF 294.6bCHF 201.0bCHF 49.3b14.2x6x1.5x
Tue, 15 Aug 2023CHF 274.3bCHF 197.3bCHF 24.9b14.5x11x1.4x
Thu, 13 Jul 2023CHF 261.1bCHF 191.9bCHF 23.9b13.6x10.9x1.4x
Sat, 10 Jun 2023CHF 263.8bCHF 196.3bCHF 24.4b15x10.8x1.3x
Mon, 08 May 2023CHF 264.7bCHF 194.8bCHF 24.3b14.5x10.9x1.4x
Wed, 05 Apr 2023CHF 273.6bCHF 182.6bCHF 12.0b15.1x22.9x1.5x
Fri, 03 Mar 2023CHF 290.5bCHF 190.0bCHF 12.4b15.3x23.5x1.5x
Sun, 29 Jan 2023CHF 291.2bCHF 194.6bCHF 11.2b14.4x25.9x1.5x
Tue, 27 Dec 2022CHF 271.5bCHF 196.1bCHF 11.4b13.8x23.8x1.4x
Thu, 24 Nov 2022CHF 272.1bCHF 197.6bCHF 12.1b14x22.4x1.4x
Price to Earnings Ratio

22.4x


Total Market Cap: CHF 272.1bTotal Earnings: CHF 12.1bTotal Revenue: CHF 197.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 9.6x202320242025
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 7.3x which is lower than its 3-year average PE of 9.6x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 63% 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 Market1.26%
Financials-0.16%
Diversified Financial3.33%
Capital Markets0.19%
Mortgage Finance0%0
Banks-0.16%
Insurance-0.47%
Consumer Finance-1.85%
Industry PE
  • Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 14.9%, 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 15% 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
BAER Julius Bär GruppeCHF 57.582.8%
+CHF 323.7m		8.2%PE13.6x
EFGN EFG InternationalCHF 17.303.0%
+CHF 150.7m		41.6%PE14.4x
UBSG UBS GroupCHF 30.880.1%
+CHF 126.8m		9.3%PE16.8x
LUKN Luzerner KantonalbankCHF 86.401.9%
+CHF 78.9m		35.8%PB1x
BALN Baloise HoldingCHF 207.000.7%
+CHF 63.5m		24.1%PE21.3x

Latest News

SREN
CHF 141.55
Swiss Re
7D
-5.6%
1Y
13.2%
BALN
CHF 207.00
Baloise Holding
7D
0.7%
1Y
24.1%

BALN: Stable Outlook Will Likely Sustain Current Market Position

Analysts have maintained their price target for Baloise Holding at CHF 218.15. They cite stable expectations for growth, profitability, and valuation metrics based on recent reviews.
HELN
CHF 205.20
Helvetia Holding
7D
0.3%
1Y
35.9%

HELN: Fair Value And Profit Margins Will Offset Modest Rate Increase

Analysts have maintained their fair value estimate for Helvetia Holding at CHF 212.00. They cited minor adjustments to financial assumptions but noted no material change in their outlook for the company.
PGHN
CHF 932.40
Partners Group Holding
7D
-2.2%
1Y
-24.0%
SLHN
CHF 864.40
Swiss Life Holding
7D
-1.2%
1Y
19.8%

SLHN: Future Performance Will Reflect Balanced Outlook Amid Buyback Progress

Swiss Life Holding’s analyst price target has been modestly increased, as analysts cite incremental improvements in revenue growth assumptions and a slight reduction in discount rates. This has led to updated targets such as CHF 715, CHF 800, and CHF 859 from various firms.
ZURN
CHF 568.20
Zurich Insurance Group
7D
-0.3%
1Y
6.7%
BAER
CHF 57.58
Julius Bär Gruppe
7D
2.8%
1Y
8.2%

BAER: Revenue Expectations And Fair Value Revisions Will Shape Outlook

Narrative Update on Julius Bär Gruppe Analysts have increased their price target for Julius Bär Gruppe by CHF 3, citing improved revenue growth expectations and a slightly higher fair value assessment, even though changes in the company's profit margin and discount rate have been modest. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price target to CHF 72, signaling confidence in the company's growth prospects.
EFGN
CHF 17.30
EFG International
7D
3.0%
1Y
41.6%

EFGN: Updated Financial Outlook Will Balance Opportunities And Risks Ahead

Analysts have increased their price target for EFG International from CHF 16.85 to CHF 17.10. This change reflects modest improvements in expected revenue growth and a slightly higher discount rate.
CFT
CHF 291.00
Compagnie Financière Tradition
7D
-5.8%
1Y
83.0%

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UBSG
CHF 30.88
UBS Group
7D
0.1%
1Y
9.3%

UBSG: Ongoing Margin Improvements Will Drive Stronger Shareholder Returns Ahead

The analyst price target for UBS Group has been raised slightly to CHF 33.77. Analysts cited improved profit margin forecasts and ongoing adjustments to growth expectations as key factors behind the increase.
LUKN
CHF 86.40
Luzerner Kantonalbank
7D
1.9%
1Y
35.8%
CMBN
CHF 90.25
Cembra Money Bank
7D
-1.8%
1Y
13.6%
SQN
CHF 476.40
Swissquote Group Holding
7D
-1.3%
1Y
43.7%

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.
LLBN
CHF 76.10
Liechtensteinische Landesbank
7D
-2.1%
1Y
8.7%
TKBP
CHF 158.00
Thurgauer Kantonalbank
7D
0.6%
1Y
28.5%
SGKN
CHF 527.00
St. Galler Kantonalbank
7D
0.6%
1Y
25.0%