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Swiss (SMI) Financials Sector Analysis

UpdatedJan 05, 2026
DataAggregated Company Financials
Companies42
  • 7D0.08%
  • 3M4.5%
  • 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. Looking forward, earnings are forecast to grow by 9.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026CHF 393.9bCHF 202.0bCHF 53.3b16x7.4x2x
Wed, 03 Dec 2025CHF 377.4bCHF 210.0bCHF 53.9b15.8x7x1.8x
Fri, 31 Oct 2025CHF 376.9bCHF 187.7bCHF 30.7b15.4x12.3x2x
Sun, 28 Sep 2025CHF 378.9bCHF 186.0bCHF 29.8b15.4x12.7x2x
Tue, 26 Aug 2025CHF 393.1bCHF 187.5bCHF 29.7b15.4x13.2x2.1x
Thu, 24 Jul 2025CHF 372.5bCHF 204.8bCHF 48.1b15.8x7.7x1.8x
Sat, 21 Jun 2025CHF 341.9bCHF 209.1bCHF 48.6b14.4x7x1.6x
Mon, 19 May 2025CHF 366.1bCHF 212.4bCHF 48.9b14.5x7.5x1.7x
Wed, 16 Apr 2025CHF 338.9bCHF 262.7bCHF 100.7b13.9x3.4x1.3x
Fri, 14 Mar 2025CHF 369.8bCHF 271.8bCHF 101.3b16.7x3.7x1.4x
Sun, 09 Feb 2025CHF 371.4bCHF 243.4bCHF 59.3b15.5x6.3x1.5x
Tue, 07 Jan 2025CHF 355.0bCHF 241.0bCHF 58.1b15.3x6.1x1.5x
Thu, 05 Dec 2024CHF 353.2bCHF 237.4bCHF 57.8b15.1x6.1x1.5x
Sat, 02 Nov 2024CHF 331.2bCHF 239.9bCHF 58.2b14.5x5.7x1.4x
Mon, 30 Sep 2024CHF 331.9bCHF 234.2bCHF 56.0b14.4x5.9x1.4x
Wed, 28 Aug 2024CHF 324.5bCHF 233.5bCHF 56.0b14.5x5.8x1.4x
Fri, 26 Jul 2024CHF 318.3bCHF 222.7bCHF 68.0b13.9x4.7x1.4x
Sun, 23 Jun 2024CHF 323.0bCHF 224.9bCHF 68.4b14.2x4.7x1.4x
Tue, 21 May 2024CHF 324.7bCHF 227.3bCHF 69.0b13.8x4.7x1.4x
Thu, 18 Apr 2024CHF 307.4bCHF 192.9bCHF 39.3b13.8x7.8x1.6x
Sat, 16 Mar 2024CHF 329.8bCHF 191.4bCHF 40.0b14.1x8.2x1.7x
Mon, 12 Feb 2024CHF 300.2bCHF 188.1bCHF 51.7b13.3x5.8x1.6x
Wed, 10 Jan 2024CHF 305.4bCHF 211.5bCHF 58.4b13.3x5.2x1.4x
Fri, 08 Dec 2023CHF 302.4bCHF 214.7bCHF 59.3b13.5x5.1x1.4x
Sun, 05 Nov 2023CHF 290.9bCHF 213.8bCHF 61.1b13.9x4.8x1.4x
Tue, 03 Oct 2023CHF 284.0bCHF 198.0bCHF 49.7b13.9x5.7x1.4x
Thu, 31 Aug 2023CHF 276.5bCHF 197.6bCHF 25.0b14.2x11x1.4x
Sat, 29 Jul 2023CHF 275.3bCHF 192.4bCHF 24.0b14.5x11.5x1.4x
Mon, 26 Jun 2023CHF 260.5bCHF 195.6bCHF 24.3b13.8x10.7x1.3x
Wed, 24 May 2023CHF 267.0bCHF 196.1bCHF 24.4b15x10.9x1.4x
Fri, 21 Apr 2023CHF 273.7bCHF 181.1bCHF 11.8b15.5x23.2x1.5x
Sun, 19 Mar 2023CHF 257.9bCHF 186.0bCHF 12.5b14.4x20.6x1.4x
Tue, 14 Feb 2023CHF 287.7bCHF 192.7bCHF 12.1b14.5x23.7x1.5x
Thu, 12 Jan 2023CHF 283.9bCHF 195.7bCHF 11.3b14.4x25x1.5x
Price to Earnings Ratio

25x


Total Market Cap: CHF 283.9bTotal Earnings: CHF 11.3bTotal Revenue: CHF 195.7bTotal 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 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 Market0.21%
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%