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Swiss (SMI) Financials Sector Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies41
  • 7D-1.5%
  • 3M2.0%
  • 1Y9.3%
  • YTD-3.8%

Over the last 7 days, the Financials industry has dropped 1.5%, driven by a pullback from Swiss Re of 5.0%. In the past year, the industry has gained 9.3%. Earnings are forecast to grow by 9.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026CHF 393.7bCHF 194.8bCHF 43.6b16.3x9x2x
Sat, 25 Apr 2026CHF 387.5bCHF 200.4bCHF 48.9b16.6x7.9x1.9x
Mon, 23 Mar 2026CHF 356.2bCHF 200.2bCHF 48.9b16.2x7.3x1.8x
Wed, 18 Feb 2026CHF 372.5bCHF 199.4bCHF 53.2b16.8x7x1.9x
Fri, 16 Jan 2026CHF 397.7bCHF 203.7bCHF 53.5b16.4x7.4x2x
Sun, 14 Dec 2025CHF 377.0bCHF 202.6bCHF 53.4b15.5x7.1x1.9x
Tue, 11 Nov 2025CHF 377.5bCHF 210.7bCHF 53.0b15.3x7.1x1.8x
Thu, 09 Oct 2025CHF 388.4bCHF 186.7bCHF 29.8b15.5x13x2.1x
Sat, 06 Sep 2025CHF 380.8bCHF 186.1bCHF 29.7b15.2x12.8x2x
Mon, 04 Aug 2025CHF 376.1bCHF 186.3bCHF 29.4b15.8x12.8x2x
Wed, 02 Jul 2025CHF 350.4bCHF 205.1bCHF 48.3b14.6x7.3x1.7x
Fri, 30 May 2025CHF 357.7bCHF 209.9bCHF 48.7b14.8x7.3x1.7x
Sun, 27 Apr 2025CHF 346.7bCHF 263.5bCHF 100.8b14.3x3.4x1.3x
Tue, 25 Mar 2025CHF 380.4bCHF 272.1bCHF 101.4b14.5x3.8x1.4x
Thu, 20 Feb 2025CHF 376.8bCHF 242.2bCHF 59.3b14.8x6.4x1.6x
Sat, 18 Jan 2025CHF 364.8bCHF 242.8bCHF 58.2b16.1x6.3x1.5x
Mon, 16 Dec 2024CHF 350.4bCHF 239.0bCHF 57.9b14.9x6x1.5x
Wed, 13 Nov 2024CHF 338.6bCHF 241.9bCHF 58.3b14.3x5.8x1.4x
Fri, 11 Oct 2024CHF 334.2bCHF 236.8bCHF 56.2b14.4x5.9x1.4x
Sun, 08 Sep 2024CHF 312.4bCHF 234.6bCHF 56.0b14.2x5.6x1.3x
Tue, 06 Aug 2024CHF 298.1bCHF 229.1bCHF 78.1b13.4x3.8x1.3x
Thu, 04 Jul 2024CHF 322.3bCHF 226.0bCHF 68.7b14.2x4.7x1.4x
Sat, 01 Jun 2024CHF 327.6bCHF 226.2bCHF 68.7b13.9x4.8x1.4x
Mon, 29 Apr 2024CHF 304.8bCHF 225.3bCHF 68.1b13.7x4.5x1.4x
Wed, 27 Mar 2024CHF 330.3bCHF 194.3bCHF 40.7b13.9x8.1x1.7x
Fri, 23 Feb 2024CHF 311.0bCHF 189.3bCHF 52.0b13.6x6x1.6x
Sun, 21 Jan 2024CHF 303.0bCHF 213.7bCHF 59.1b13.2x5.1x1.4x
Tue, 19 Dec 2023CHF 307.4bCHF 213.7bCHF 59.1b13.3x5.2x1.4x
Thu, 16 Nov 2023CHF 294.2bCHF 216.2bCHF 59.8b13.3x4.9x1.4x
Sat, 14 Oct 2023CHF 289.0bCHF 202.1bCHF 49.6b13.8x5.8x1.4x
Mon, 11 Sep 2023CHF 286.8bCHF 199.8bCHF 49.2b13.9x5.8x1.4x
Wed, 09 Aug 2023CHF 270.0bCHF 194.1bCHF 24.7b14.5x10.9x1.4x
Fri, 07 Jul 2023CHF 254.8bCHF 195.5bCHF 24.3b13.3x10.5x1.3x
Sun, 04 Jun 2023CHF 266.5bCHF 197.1bCHF 24.5b15.1x10.9x1.4x
Price to Earnings Ratio

10.9x


Total Market Cap: CHF 266.5bTotal Earnings: CHF 24.5bTotal Revenue: CHF 197.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 7.2x202420252026
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 9.0x which is higher than its 3-year average PE of 7.2x.
  • The 3-year average PS ratio of 1.6x 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 21% 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 Market1.32%
Financials-1.45%
Diversified Financial1.18%
Mortgage Finance0%0
Banks-0.17%
Consumer Finance-0.26%
Capital Markets-1.44%
Insurance-1.89%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 15.5x.
    • Analysts are expecting annual earnings growth of 3.5%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading close to its 3-year average of 0.019x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 13% 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 3.5% 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
SLHN Swiss Life HoldingCHF 870.402.3%
+CHF 536.6m		6.6%PE19.8x
UBSG UBS GroupCHF 37.030.4%
+CHF 395.2m		41.0%PE15.7x
LUKN Luzerner KantonalbankCHF 105.401.3%
+CHF 69.0m		54.1%PB1.2x
BCGE Banque Cantonale de GenèveCHF 33.902.7%
+CHF 64.1m		40.1%PB1x
SGKN St. Galler KantonalbankCHF 624.001.5%
+CHF 53.8m		28.3%PB1.2x

Latest News

SQN
CHF 3.98
Swissquote Group Holding
7D
-90.1%
1Y
-91.6%
PGHN
CHF 854.00
Partners Group Holding
7D
-6.1%
1Y
-21.9%
HBAN
CHF 206.60
Helvetia Baloise Holding
7D
-5.0%
1Y
8.2%
Narrative Update • May 26

HBAN: Updated Dividend Policy And P E Assumptions Will Support Future Repricing

Analysts have raised their price target on Helvetia Baloise Holding by CHF 10 to reflect updated assumptions around discount rates, revenue growth, profit margins and future P/E, with the move supported by recent Street research. Analyst Commentary Recent Street research points to a more constructive tone around Helvetia Baloise Holding, with bullish analysts adjusting their models to reflect updated assumptions on discount rates, revenue growth, profit margins and future P/E.
BAER
CHF 64.26
Julius Bär Gruppe
7D
-5.2%
1Y
20.2%
SLHN
CHF 870.40
Swiss Life Holding
7D
2.3%
1Y
6.6%
Narrative Update • May 24

SLHN: Future Returns Likely Stay Capped As Views Turn More Mixed

Analysts have made a modest upward adjustment to the Swiss Life Holding price target to around CHF 848, reflecting updated views on revenue, profit margins and a slightly higher assumed P/E multiple following recent research updates from major banks. Analyst Commentary Recent research gives a mixed but constructive read on Swiss Life Holding, with some analysts lifting price targets and others turning more cautious on the stock's risk and reward profile.
UBSG
CHF 37.03
UBS Group
7D
0.4%
1Y
41.0%
CFT
CHF 268.00
Compagnie Financière Tradition
7D
-8.4%
1Y
20.7%
EFGN
CHF 16.44
EFG International
7D
-5.8%
1Y
14.3%
SREN
CHF 119.50
Swiss Re
7D
-5.0%
1Y
-17.9%
Narrative Update • May 17

SREN: Buybacks And Earnings Quality Are Expected To Drive Re Rating Potential

Analysts have trimmed Swiss Re price targets, with cuts such as CHF 8 and CHF 5.64 featuring in recent research, and the updated CHF 146.65 fair value reflects small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research on Swiss Re shows a cluster of price target trims, but the range of views is not one sided.
ZURN
CHF 568.00
Zurich Insurance Group
7D
-0.9%
1Y
-1.5%
VPBN
CHF 86.00
VP Bank
7D
1.3%
1Y
2.9%
BCJ
CHF 98.00
Banque Cantonale du Jura
7D
3.7%
1Y
63.3%
LUKN
CHF 105.40
Luzerner Kantonalbank
7D
1.3%
1Y
54.1%
BCGE
CHF 33.90
Banque Cantonale de Genève
7D
2.7%
1Y
40.1%
BCVN
CHF 118.70
Banque Cantonale Vaudoise
7D
0.2%
1Y
23.7%
SGKN
CHF 624.00
St. Galler Kantonalbank
7D
1.5%
1Y
28.3%