Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Banks Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies16
  • 7D3.1%
  • 3M14.9%
  • 1Y24.5%
  • YTD3.7%

Over the last 7 days, the Banks industry has risen 3.1%, driven by gains in Banque Cantonale Vaudoise and Luzerner Kantonalbank of 2.7% and 5.0%, respectively. This takes the industry's 12 month performance to a gain of 25%. Looking forward, earnings are forecast to grow by 2.5% annually.

Industry Valuation and Performance

Has the Swiss Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026CHF 48.0bCHF 7.7bCHF 2.7b16.7x17.6x6.3x
Sat, 20 Dec 2025CHF 44.8bCHF 7.7bCHF 2.7b15.5x16.4x5.9x
Mon, 17 Nov 2025CHF 42.5bCHF 7.7bCHF 2.7b15x15.6x5.6x
Wed, 15 Oct 2025CHF 41.8bCHF 7.6bCHF 2.7b14.7x15.3x5.5x
Fri, 12 Sep 2025CHF 41.5bCHF 7.6bCHF 2.7b15x15.3x5.4x
Sun, 10 Aug 2025CHF 41.6bCHF 7.6bCHF 2.7b14.9x15.2x5.5x
Tue, 08 Jul 2025CHF 40.6bCHF 7.6bCHF 2.7b13.9x15x5.4x
Thu, 05 Jun 2025CHF 40.6bCHF 7.6bCHF 2.7b13.7x15x5.4x
Sat, 03 May 2025CHF 41.0bCHF 7.6bCHF 2.7b13.9x15.2x5.4x
Mon, 31 Mar 2025CHF 40.7bCHF 7.6bCHF 2.7b13.7x15.3x5.4x
Wed, 26 Feb 2025CHF 40.3bCHF 7.5bCHF 2.7b13.7x15.1x5.4x
Fri, 24 Jan 2025CHF 38.8bCHF 7.5bCHF 2.7b13.2x14.4x5.2x
Sun, 22 Dec 2024CHF 36.7bCHF 7.5bCHF 2.7b12.7x13.6x4.9x
Tue, 19 Nov 2024CHF 37.2bCHF 7.5bCHF 2.7b12.7x13.8x4.9x
Thu, 17 Oct 2024CHF 37.5bCHF 7.5bCHF 2.7b12.7x13.9x5x
Sat, 14 Sep 2024CHF 37.1bCHF 7.5bCHF 2.7b12.5x13.9x5x
Mon, 12 Aug 2024CHF 38.2bCHF 7.5bCHF 2.7b13.1x14.2x5.1x
Wed, 10 Jul 2024CHF 38.6bCHF 7.5bCHF 2.7b12.6x14.3x5.2x
Fri, 07 Jun 2024CHF 38.7bCHF 7.5bCHF 2.7b13.1x14.4x5.2x
Sun, 05 May 2024CHF 39.2bCHF 7.5bCHF 2.7b13.4x14.6x5.3x
Tue, 02 Apr 2024CHF 39.9bCHF 7.4bCHF 2.7b13.7x15x5.4x
Thu, 29 Feb 2024CHF 40.1bCHF 7.2bCHF 2.6b14.5x15.4x5.5x
Sat, 27 Jan 2024CHF 39.9bCHF 7.2bCHF 2.5b14x15.7x5.5x
Mon, 25 Dec 2023CHF 39.1bCHF 7.2bCHF 2.5b14.1x15.4x5.4x
Wed, 22 Nov 2023CHF 38.6bCHF 7.2bCHF 2.5b14.3x15.2x5.3x
Fri, 20 Oct 2023CHF 38.7bCHF 7.1bCHF 2.5b15x15.4x5.4x
Sun, 17 Sep 2023CHF 38.4bCHF 7.1bCHF 2.5b15.2x15.4x5.4x
Tue, 15 Aug 2023CHF 38.8bCHF 6.9bCHF 2.4b15.4x16.3x5.6x
Thu, 13 Jul 2023CHF 38.3bCHF 6.6bCHF 2.3b16.1x16.4x5.8x
Sat, 10 Jun 2023CHF 37.7bCHF 6.7bCHF 2.3b15.7x16.1x5.6x
Mon, 08 May 2023CHF 37.9bCHF 6.7bCHF 2.3b15.8x16.2x5.7x
Wed, 05 Apr 2023CHF 37.5bCHF 6.6bCHF 2.3b16.2x16.1x5.7x
Fri, 03 Mar 2023CHF 37.0bCHF 6.5bCHF 2.2b16.2x16.5x5.7x
Sun, 29 Jan 2023CHF 37.2bCHF 6.5bCHF 2.2b16.2x16.8x5.7x
Price to Earnings Ratio

16.8x


Total Market Cap: CHF 37.2bTotal Earnings: CHF 2.2bTotal Revenue: CHF 6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Banks Industry Price to Earnings3Y Average 15.2x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.6x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 7.1% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 industry?

CH Market-1.66%
Financials-1.02%
Banks3.13%
Diversified Banks4.79%
Regional Banks3.03%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 15.3x.
    • Analysts are expecting annual earnings growth of 2.5%, which is higher than its past year's earnings decline of 1.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.4x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 2.5% over the next 5 years.
  • This is better than its past earnings decline of 1.6% per year.
  • In contrast, the Regional 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
BCVN Banque Cantonale VaudoiseCHF 106.502.7%
+CHF 240.5m		19.1%PB2.4x
LUKN Luzerner KantonalbankCHF 99.505.0%
+CHF 231.8m		44.4%PB1.2x
GRKP Graubündner KantonalbankCHF 1.95k3.7%
+CHF 174.3m		11.1%PB1.7x
BLKB Basellandschaftliche KantonalbankCHF 1.08k6.9%
+CHF 151.4m		22.4%PB0.8x
LLBN Liechtensteinische LandesbankCHF 91.904.8%
+CHF 127.7m		26.4%PB1.2x

Latest News

LLBN
CHF 91.90
Liechtensteinische Landesbank
7D
4.8%
1Y
26.4%
LUKN
CHF 99.50
Luzerner Kantonalbank
7D
5.0%
1Y
44.4%
BCGE
CHF 27.00
Banque Cantonale de Genève
7D
5.1%
1Y
6.7%
BCVN
CHF 106.50
Banque Cantonale Vaudoise
7D
2.7%
1Y
19.1%
TKBP
CHF 165.00
Thurgauer Kantonalbank
7D
-0.3%
1Y
27.4%
BEKN
CHF 332.50
Berner Kantonalbank
7D
3.1%
1Y
37.4%
SGKN
CHF 602.00
St. Galler Kantonalbank
7D
3.4%
1Y
32.9%
GRKP
CHF 1,950.00
Graubündner Kantonalbank
7D
3.7%
1Y
11.1%
BLKB
CHF 1,080.00
Basellandschaftliche Kantonalbank
7D
6.9%
1Y
22.4%