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Swiss (SMI) Banks Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies16
  • 7D2.2%
  • 3M21.0%
  • 1Y28.0%
  • YTD10.8%

The Banks industry is up 1.7% in the last week, with Banque Cantonale Vaudoise up 3.7%. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 2.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026CHF 51.3bCHF 7.7bCHF 2.7b17.2x18.9x6.7x
Mon, 19 Jan 2026CHF 47.2bCHF 7.7bCHF 2.7b16.3x17.3x6.2x
Wed, 17 Dec 2025CHF 44.2bCHF 7.7bCHF 2.7b15.3x16.2x5.8x
Fri, 14 Nov 2025CHF 42.9bCHF 7.7bCHF 2.7b14.9x15.7x5.6x
Sun, 12 Oct 2025CHF 42.0bCHF 7.6bCHF 2.7b14.7x15.4x5.5x
Tue, 09 Sep 2025CHF 41.5bCHF 7.6bCHF 2.7b14.7x15.2x5.4x
Thu, 07 Aug 2025CHF 41.5bCHF 7.6bCHF 2.7b14.8x15.2x5.5x
Sat, 05 Jul 2025CHF 40.5bCHF 7.6bCHF 2.7b13.9x15x5.4x
Mon, 02 Jun 2025CHF 40.7bCHF 7.6bCHF 2.7b13.8x15x5.4x
Wed, 30 Apr 2025CHF 40.7bCHF 7.6bCHF 2.7b13.8x15x5.4x
Fri, 28 Mar 2025CHF 41.1bCHF 7.5bCHF 2.7b13.9x15.4x5.5x
Sun, 23 Feb 2025CHF 40.1bCHF 7.5bCHF 2.7b13.6x15x5.3x
Tue, 21 Jan 2025CHF 38.5bCHF 7.5bCHF 2.7b13.1x14.3x5.1x
Thu, 19 Dec 2024CHF 36.9bCHF 7.5bCHF 2.7b12.7x13.7x4.9x
Sat, 16 Nov 2024CHF 37.1bCHF 7.5bCHF 2.7b12.6x13.8x4.9x
Mon, 14 Oct 2024CHF 37.5bCHF 7.5bCHF 2.7b12.7x13.9x5x
Wed, 11 Sep 2024CHF 36.8bCHF 7.5bCHF 2.7b12.6x13.7x4.9x
Fri, 09 Aug 2024CHF 38.3bCHF 7.5bCHF 2.7b12.9x14.2x5.1x
Sun, 07 Jul 2024CHF 38.6bCHF 7.5bCHF 2.7b12.8x14.3x5.2x
Tue, 04 Jun 2024CHF 38.5bCHF 7.5bCHF 2.7b12.9x14.3x5.2x
Thu, 02 May 2024CHF 39.4bCHF 7.5bCHF 2.7b13.7x14.7x5.3x
Sat, 30 Mar 2024CHF 39.9bCHF 7.4bCHF 2.7b13.7x15x5.4x
Mon, 26 Feb 2024CHF 40.2bCHF 7.2bCHF 2.6b14.4x15.4x5.6x
Wed, 24 Jan 2024CHF 39.8bCHF 7.2bCHF 2.5b13.8x15.7x5.5x
Fri, 22 Dec 2023CHF 39.0bCHF 7.2bCHF 2.5b14x15.3x5.4x
Sun, 19 Nov 2023CHF 38.7bCHF 7.2bCHF 2.5b14.5x15.2x5.4x
Tue, 17 Oct 2023CHF 38.7bCHF 7.1bCHF 2.5b15x15.4x5.4x
Thu, 14 Sep 2023CHF 38.3bCHF 7.1bCHF 2.5b15.4x15.3x5.4x
Sat, 12 Aug 2023CHF 38.8bCHF 6.9bCHF 2.4b15.4x16.2x5.6x
Mon, 10 Jul 2023CHF 37.8bCHF 6.6bCHF 2.3b15.8x16.3x5.7x
Wed, 07 Jun 2023CHF 37.8bCHF 6.7bCHF 2.3b15.8x16.2x5.7x
Fri, 05 May 2023CHF 37.8bCHF 6.7bCHF 2.3b16.2x16.2x5.7x
Sun, 02 Apr 2023CHF 37.3bCHF 6.6bCHF 2.3b16.1x16.1x5.6x
Tue, 28 Feb 2023CHF 37.2bCHF 6.5bCHF 2.2b16.2x16.6x5.7x
Price to Earnings Ratio

16.6x


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 18.8x 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 6.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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 Market1.72%
Financials1.78%
Banks2.16%
Regional Banks2.42%
Diversified Banks-2.08%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 2.0%, 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 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 2.0% 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 2.0% 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 114.303.7%
+CHF 352.2m		20.6%PB2.5x
BEKN Berner KantonalbankCHF 357.007.2%
+CHF 222.0m		45.7%PB1.1x
LUKN Luzerner KantonalbankCHF 102.804.3%
+CHF 207.1m		46.4%PB1.2x
VATN Valiant HoldingCHF 168.804.8%
+CHF 123.2m		48.1%PB1x
SGKN St. Galler KantonalbankCHF 623.002.6%
+CHF 95.7m		31.3%PB1.2x

Latest News

VATN
CHF 168.80
Valiant Holding
7D
4.8%
1Y
48.1%
BCVN
CHF 114.30
Banque Cantonale Vaudoise
7D
3.7%
1Y
20.6%
GRKP
CHF 2,070.00
Graubündner Kantonalbank
7D
-2.4%
1Y
16.6%
SGKN
CHF 623.00
St. Galler Kantonalbank
7D
2.6%
1Y
31.3%

St. Galler Kantonalbank's (VTX:SGKN) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 14
St. Galler Kantonalbank's (VTX:SGKN) Shareholders Will Receive A Bigger Dividend Than Last Year
BEKN
CHF 357.00
Berner Kantonalbank
7D
7.2%
1Y
45.7%
LLBN
CHF 94.20
Liechtensteinische Landesbank
7D
-2.1%
1Y
22.0%
LUKN
CHF 102.80
Luzerner Kantonalbank
7D
4.3%
1Y
46.4%
ZUGER
CHF 9,940.00
Zuger Kantonalbank
7D
0.8%
1Y
12.2%
BCGE
CHF 30.80
Banque Cantonale de Genève
7D
3.4%
1Y
14.9%
TKBP
CHF 181.50
Thurgauer Kantonalbank
7D
0.3%
1Y
37.5%