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Swiss (SMI) Financials Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies41
  • 7D1.0%
  • 3M-3.5%
  • 1Y18.2%
  • YTD-5.3%

In the last week, the Financials industry is up 1.0%, with UBS Group up 4.1%. This takes the industry's 12 month performance to a gain of 18%. 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
Sun, 12 Apr 2026CHF 380.3bCHF 199.4bCHF 48.9b17.2x7.8x1.9x
Tue, 10 Mar 2026CHF 358.0bCHF 198.0bCHF 48.5b17.2x7.4x1.8x
Thu, 05 Feb 2026CHF 385.2bCHF 199.5bCHF 52.9b17x7.3x1.9x
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
Price to Earnings Ratio

23x


Total Market Cap: CHF 271.8bTotal Earnings: CHF 11.8bTotal Revenue: CHF 181.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Financials Sector Price to Earnings3Y Average 7.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swiss Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 7.4x.
  • The 3-year average PS ratio of 1.6x 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 60% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Swiss Financials sector?

CH Market1.81%
Financials1.03%
Capital Markets3.16%
Banks1.85%
Diversified Financial1.16%
Consumer Finance0.89%
Mortgage Finance0%0
Insurance-1.29%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 3.3%, 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 0.018x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 9.9% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 3.3% 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 32.724.1%
+CHF 4.0b		43.5%PE16.5x
SLHN Swiss Life HoldingCHF 906.202.6%
+CHF 642.7m		21.8%PE20.6x
BAER Julius Bär GruppeCHF 62.284.3%
+CHF 520.7m		26.6%PE16.7x
SREN Swiss ReCHF 134.001.3%
+CHF 501.4m		-2.9%PE10.8x
BCVN Banque Cantonale VaudoiseCHF 134.403.9%
+CHF 429.4m		41.3%PB2.9x

Latest News

BAER
CHF 62.28
Julius Bär Gruppe
7D
4.3%
1Y
26.6%
ZURN
CHF 546.80
Zurich Insurance Group
7D
-4.2%
1Y
3.3%

ZURN: Future Returns Will Depend On Beazley Integration And Neutral Rating Backdrop

Analysts have nudged the fair value estimate for Zurich Insurance Group slightly higher to about CHF 565 from roughly CHF 563, as they factor in updated assumptions on growth, profitability and future P/E multiples, alongside a generally neutral set of broker ratings and price targets centered around CHF 540 to CHF 656. Analyst Commentary Recent research on Zurich Insurance Group clusters around neutral ratings, with several firms either resuming coverage at mid range recommendations or moving up to Hold.
HBAN
CHF 214.80
Helvetia Baloise Holding
7D
2.7%
1Y
24.4%

HBAN: Refined Revenue And P/E Assumptions Will Shape A Steady Outlook

Analysts have kept their CHF 190.00 price target for Helvetia Baloise Holding unchanged, citing only small adjustments in assumptions such as revenue growth, profit margin, and future P/E as the basis for maintaining this level. Valuation Changes Fair Value: CHF 190.00 fair value estimate remains unchanged, with no adjustment to the target level.
SREN
CHF 134.00
Swiss Re
7D
1.3%
1Y
-2.9%
SQN
CHF 404.20
Swissquote Group Holding
7D
3.1%
1Y
9.7%

SQN: Upgraded Rating And Fragmented Market Will Shape Future Upside Potential

Analysts have nudged their price targets on Swissquote higher, with the average moving by CHF 1 to CHF 501. This points to updated views on fair value, discount rates and long term profitability assumptions following recent rating actions and initiations.
PGHN
CHF 859.60
Partners Group Holding
7D
-0.7%
1Y
-15.8%

PGHN: Dividend And Private Markets Execution Will Support Future Upside Potential

Analysts have raised their CHF price target on Partners Group by CHF 80, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. These changes leave their fair value view broadly unchanged at CHF 1,400.
LEON
CHF 15.64
Leonteq
7D
-0.8%
1Y
8.0%

LEON: Trimmed Fair Value And Lower P/E Will Limit Medium Term Upside

Analysts have trimmed their price target for Leonteq from CHF16.05 to CHF14.10. This reflects updated fair value and P/E assumptions, while key growth and margin inputs remain broadly unchanged.
BCVN
CHF 134.40
Banque Cantonale Vaudoise
7D
3.9%
1Y
41.3%
SLHN
CHF 906.20
Swiss Life Holding
7D
2.6%
1Y
21.8%

SLHN: Future Returns Will Likely Reflect Modest CHF 10 Upside And Stable Assumptions

Analysts have increased their price targets on Swiss Life Holding by around CHF 3 to CHF 10. This reflects updated views on fair value, discount rate, revenue trends and profit margins, which feed into a slightly adjusted future P/E outlook.
UBSG
CHF 32.72
UBS Group
7D
4.1%
1Y
43.5%

UBSG: Capital Flexibility And Buybacks Will Drive Future Repricing Potential

UBS Group's updated analyst price target edges higher to CHF 51.07 from CHF 50.79, as analysts factor in slightly lower assumed revenue growth, a modestly higher profit margin, and a small adjustment to the forward P/E multiple. Analyst Commentary Recent Street research on UBS Group shows a mix of views, with some analysts trimming price targets and others setting higher levels.
BLKB
CHF 1,105.00
Basellandschaftliche Kantonalbank
7D
-0.5%
1Y
25.3%
EFGN
CHF 17.70
EFG International
7D
3.5%
1Y
58.3%

EFGN: Future Returns Will Depend On Margin Discipline As Sentiment Stays Cautiously Optimistic

Analysts have reduced their average price target for EFG International to CHF 18.40 from CHF 19.50. The revised target reflects more cautious expectations and remains close to the modelled fair value of CHF 19.65.
HAUTE
CHF 83.70
Haute Capital Partners
7D
-6.9%
1Y
-38.2%
GRKP
CHF 2,180.00
Graubündner Kantonalbank
7D
-1.8%
1Y
25.6%