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Swiss (SMI) Financials Sector Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies42
  • 7D1.5%
  • 3M8.3%
  • 1Y16.6%
  • YTD3.3%

Over the last 7 days, the Financials industry has risen 1.5%, driven by gains from UBS Group of 2.1%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 9.3% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026CHF 424.4bCHF 198.7bCHF 44.3b17x9.6x2.1x
Tue, 09 Jun 2026CHF 387.7bCHF 196.4bCHF 43.8b16x8.9x2x
Thu, 07 May 2026CHF 392.6bCHF 193.5bCHF 42.6b17.1x9.2x2x
Sat, 04 Apr 2026CHF 376.5bCHF 201.3bCHF 49.1b16.6x7.7x1.9x
Mon, 02 Mar 2026CHF 375.2bCHF 201.6bCHF 53.2b17.2x7x1.9x
Wed, 28 Jan 2026CHF 387.6bCHF 197.8bCHF 52.8b16.8x7.3x2x
Fri, 26 Dec 2025CHF 393.5bCHF 200.9bCHF 53.2b15.9x7.4x2x
Sun, 23 Nov 2025CHF 367.8bCHF 210.5bCHF 54.0b15.4x6.8x1.7x
Tue, 21 Oct 2025CHF 369.6bCHF 185.3bCHF 29.7b15.3x12.4x2x
Thu, 18 Sep 2025CHF 378.2bCHF 184.6bCHF 29.6b15.3x12.8x2x
Sat, 16 Aug 2025CHF 390.3bCHF 187.4bCHF 29.7b15.3x13.1x2.1x
Mon, 14 Jul 2025CHF 360.8bCHF 205.7bCHF 48.3b15.2x7.5x1.8x
Wed, 11 Jun 2025CHF 356.1bCHF 209.8bCHF 48.7b14.6x7.3x1.7x
Fri, 09 May 2025CHF 358.3bCHF 211.7bCHF 48.7b14.4x7.4x1.7x
Sun, 06 Apr 2025CHF 336.7bCHF 268.9bCHF 101.3b13.6x3.3x1.3x
Tue, 04 Mar 2025CHF 384.0bCHF 233.0bCHF 60.3b16.4x6.4x1.6x
Thu, 30 Jan 2025CHF 376.9bCHF 241.6bCHF 58.1b16.4x6.5x1.6x
Sat, 28 Dec 2024CHF 345.5bCHF 240.6bCHF 58.0b14.9x6x1.4x
Mon, 25 Nov 2024CHF 349.0bCHF 239.3bCHF 58.0b14.5x6x1.5x
Wed, 23 Oct 2024CHF 339.0bCHF 238.4bCHF 56.3b14.5x6x1.4x
Fri, 20 Sep 2024CHF 326.7bCHF 235.4bCHF 56.1b14.5x5.8x1.4x
Sun, 18 Aug 2024CHF 321.2bCHF 236.0bCHF 56.4b14.6x5.7x1.4x
Tue, 16 Jul 2024CHF 328.1bCHF 225.1bCHF 68.5b14.3x4.8x1.5x
Thu, 13 Jun 2024CHF 322.1bCHF 224.9bCHF 68.4b13.7x4.7x1.4x
Sat, 11 May 2024CHF 320.4bCHF 227.7bCHF 68.5b14.2x4.7x1.4x
Mon, 08 Apr 2024CHF 324.8bCHF 193.4bCHF 39.3b13.9x8.3x1.7x
Wed, 06 Mar 2024CHF 316.0bCHF 213.1bCHF 51.8b13.6x6.1x1.5x
Fri, 02 Feb 2024CHF 307.1bCHF 212.3bCHF 58.7b13.4x5.2x1.4x
Sun, 31 Dec 2023CHF 308.4bCHF 210.1bCHF 58.0b13.5x5.3x1.5x
Tue, 28 Nov 2023CHF 295.5bCHF 215.4bCHF 59.6b13.2x5x1.4x
Thu, 26 Oct 2023CHF 283.6bCHF 201.3bCHF 49.3b13.7x5.7x1.4x
Sat, 23 Sep 2023CHF 292.1bCHF 202.2bCHF 49.7b14x5.9x1.4x
Mon, 21 Aug 2023CHF 269.1bCHF 198.1bCHF 25.0b14.2x10.8x1.4x
Wed, 19 Jul 2023CHF 264.9bCHF 190.8bCHF 23.8b13.8x11.1x1.4x
Price to Earnings Ratio

11.1x


Total Market Cap: CHF 264.9bTotal Earnings: CHF 23.8bTotal Revenue: CHF 190.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 7.1x202420252026
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 9.6x which is higher than its 3-year average PE of 7.1x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 23% 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 Market-1.44%
Financials1.53%
Capital Markets1.86%
Insurance1.62%
Banks0.26%
Mortgage Finance0%0
Consumer Finance-0.63%
Diversified Financial-0.66%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings growth of 3.4%, which is higher than its past year's earnings growth of 0.2% 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 12% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.4% 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 42.062.1%
+CHF 2.6b		47.8%PE17.3x
ZURN Zurich Insurance GroupCHF 614.201.1%
+CHF 985.8m		10.9%PE16.7x
SREN Swiss ReCHF 132.602.2%
+CHF 852.9m		-5.8%PE9.9x
SLHN Swiss Life HoldingCHF 933.403.2%
+CHF 810.4m		14.7%PE21.2x
BCVN Banque Cantonale VaudoiseCHF 121.702.9%
+CHF 292.0m		29.7%PB2.6x

Latest News

VONN
CHF 78.00
Vontobel Holding
7D
5.0%
1Y
16.6%
UBSG
CHF 42.06
UBS Group
7D
2.1%
1Y
47.8%
CMBN
CHF 94.30
Cembra Money Bank
7D
-0.6%
1Y
-6.7%
HBAN
CHF 214.00
Helvetia Baloise Holding
7D
1.0%
1Y
11.1%
Narrative Update • Jul 08

HBAN: Revised P/E And Dividend Outlook Will Shape Fairly Valued Shares

The analyst price target for Helvetia Baloise Holding has been raised by CHF 6.38 to CHF 231.36, as analysts cite updated fair value estimates and changes in the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News for Helvetia Baloise Holding Helvetia Baloise Holding AG approved all amendments to its Articles of Association, confirming changes to the company's governing rules.
BAER
CHF 72.76
Julius Bär Gruppe
7D
-0.3%
1Y
32.0%
Narrative Update • Jul 06

BAER: Fairly Valued Outlook Hinges On Flow Recovery And Profit Delivery

The fair value estimate for Julius Bär Gruppe has been nudged higher to CHF 70.88 from CHF 69.35, as analysts factor in slightly stronger revenue growth assumptions, a modestly higher future P/E of 14.23x, and a stream of raised price targets ranging from CHF 66 to CHF 81 across recent research updates. Analyst Commentary Recent research on Julius Bär Gruppe shows a mix of optimism and caution, with several firms lifting price targets into the mid to high CHF 70s and CHF 80 region, while at least one downgrade highlights concerns around expectations and execution risk.
SREN
CHF 132.60
Swiss Re
7D
2.2%
1Y
-5.8%
Narrative Update • Jul 02

SREN: Softer Reinsurance Conditions Will Pressure Earnings Quality And Future P E Multiples

Analysts have trimmed their Swiss Re fair value estimate from CHF 116.56 to CHF 113.98 and lowered price targets toward CHF 135 and below. This reflects updated views on softer reinsurance conditions, a slightly higher discount rate and a different balance between muted revenue growth and higher projected profit margins, with a reduced future P/E multiple.
SQN
CHF 41.76
Swissquote Group Holding
7D
3.9%
1Y
-17.1%
Narrative Update • Jul 01

SQN: Trading Volumes And Higher P/E Will Likely Restrain Future Upside

Analysts have lifted their price target on Swissquote Group Holding to around CHF 41, with some citing that near term crypto headwinds are being offset by stronger trading volumes as a key driver for the reassessment. What’s in the News for Swissquote Group Holding Swissquote Group Holding is scheduled to carry out a 10 for 1 stock split or significant stock dividend on May 28, 2026, according to company event disclosures.
ZURN
CHF 614.20
Zurich Insurance Group
7D
1.1%
1Y
10.9%
New Narrative • Jun 30

Middle Market Expansion And Construction Exposure Will Strain Future Profitability

Catalysts About Zurich Insurance Group Zurich Insurance Group is a global insurer offering property and casualty, life protection and related services across commercial, retail and Farmers-branded insurance businesses. What are the underlying business or industry changes driving this perspective?
SLHN
CHF 933.40
Swiss Life Holding
7D
3.2%
1Y
14.7%
Narrative Update • Jun 23

SLHN: Raised Price Views And Ongoing Buybacks Will Likely Keep Upside Balanced

Analysts have modestly raised their price target on Swiss Life Holding to CHF 745, an increase of CHF 10, citing updated assumptions on discount rates and long term earnings metrics following recent research updates. Analyst Commentary Recent research on Swiss Life Holding highlights a mix of cautious and supportive views, with price targets and ratings reflecting differing opinions on valuation, earnings potential and execution risks.
LEON
CHF 16.46
Leonteq
7D
-3.6%
1Y
-21.6%
TKBP
CHF 177.50
Thurgauer Kantonalbank
7D
-4.1%
1Y
12.0%
VATN
CHF 160.40
Valiant Holding
7D
-1.4%
1Y
24.3%
ZUGER
CHF 10,350.00
Zuger Kantonalbank
7D
-0.5%
1Y
19.5%
BCGE
CHF 33.20
Banque Cantonale de Genève
7D
-1.8%
1Y
39.5%
BCVN
CHF 121.70
Banque Cantonale Vaudoise
7D
2.9%
1Y
29.7%
BLKB
CHF 1,095.00
Basellandschaftliche Kantonalbank
7D
-1.8%
1Y
20.6%