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Swiss (SMI) Banks Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies16
  • 7D-0.8%
  • 3M-3.6%
  • 1Y0.1%
  • YTD-1.3%

In the last week, the Banks industry is flat overall, with Graubündner Kantonalbank standing out by going down 3.2%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 1.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CHF 38.2bCHF 7.5bCHF 2.7b12.8x14.2x5.1x
Sun, 23 Jun 2024CHF 38.5bCHF 7.5bCHF 2.7b13x14.3x5.1x
Tue, 21 May 2024CHF 39.2bCHF 7.5bCHF 2.7b13.3x14.5x5.2x
Thu, 18 Apr 2024CHF 39.7bCHF 7.5bCHF 2.7b13.7x14.8x5.3x
Sat, 16 Mar 2024CHF 40.0bCHF 7.3bCHF 2.6b14.5x15.2x5.5x
Mon, 12 Feb 2024CHF 39.3bCHF 7.2bCHF 2.6b14.4x15.3x5.5x
Wed, 10 Jan 2024CHF 39.7bCHF 7.2bCHF 2.5b14.1x15.6x5.5x
Fri, 08 Dec 2023CHF 38.7bCHF 7.2bCHF 2.5b14.3x15.2x5.4x
Sun, 05 Nov 2023CHF 38.8bCHF 7.2bCHF 2.5b14.6x15.3x5.4x
Tue, 03 Oct 2023CHF 38.7bCHF 7.1bCHF 2.5b15.4x15.5x5.4x
Thu, 31 Aug 2023CHF 38.3bCHF 7.1bCHF 2.5b15.2x15.3x5.4x
Sat, 29 Jul 2023CHF 38.6bCHF 6.7bCHF 2.4b15.4x16.4x5.7x
Mon, 26 Jun 2023CHF 37.4bCHF 6.7bCHF 2.3b15.7x16x5.6x
Wed, 24 May 2023CHF 37.4bCHF 6.7bCHF 2.3b15.8x16x5.6x
Fri, 21 Apr 2023CHF 38.3bCHF 6.7bCHF 2.3b16.3x16.4x5.8x
Sun, 19 Mar 2023CHF 36.9bCHF 6.5bCHF 2.3b15.9x16.1x5.7x
Tue, 14 Feb 2023CHF 37.2bCHF 6.5bCHF 2.2b16.1x16.7x5.7x
Thu, 12 Jan 2023CHF 36.7bCHF 6.5bCHF 2.2b15.9x16.6x5.6x
Sat, 10 Dec 2022CHF 36.3bCHF 6.5bCHF 2.2b15.9x16.4x5.6x
Mon, 07 Nov 2022CHF 36.3bCHF 6.5bCHF 2.2b15.7x16.4x5.6x
Wed, 05 Oct 2022CHF 36.7bCHF 6.5bCHF 2.2b15.5x16.6x5.6x
Fri, 02 Sep 2022CHF 36.2bCHF 6.5bCHF 2.2b15.4x16.3x5.5x
Sun, 31 Jul 2022CHF 35.5bCHF 6.5bCHF 2.2b16x16.4x5.5x
Tue, 28 Jun 2022CHF 34.5bCHF 6.4bCHF 2.1b15.6x16.1x5.3x
Thu, 26 May 2022CHF 34.9bCHF 6.4bCHF 2.1b15.4x16.3x5.4x
Sat, 23 Apr 2022CHF 35.9bCHF 6.4bCHF 2.1b15.7x16.8x5.6x
Mon, 21 Mar 2022CHF 34.8bCHF 6.1bCHF 2.1b16x16.6x5.7x
Wed, 16 Feb 2022CHF 35.0bCHF 6.1bCHF 2.0b15.9x17.1x5.7x
Fri, 14 Jan 2022CHF 34.4bCHF 6.1bCHF 2.0b15.3x16.8x5.6x
Sun, 12 Dec 2021CHF 33.0bCHF 6.1bCHF 2.0b14.9x16.2x5.4x
Tue, 09 Nov 2021CHF 33.6bCHF 6.1bCHF 2.0b15x16.4x5.5x
Thu, 07 Oct 2021CHF 33.1bCHF 6.1bCHF 2.0b15x16.2x5.4x
Sat, 04 Sep 2021CHF 34.0bCHF 6.1bCHF 2.0b15x16.7x5.6x
Mon, 02 Aug 2021CHF 34.1bCHF 6.1bCHF 2.0b14.9x16.7x5.6x
Price to Earnings Ratio

16.7x


Total Market Cap: CHF 34.1bTotal Earnings: CHF 2.0bTotal Revenue: CHF 6.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Banks Industry Price to Earnings3Y Average 16x202220232024
Current Industry PE
  • Investors are pessimistic on the Swiss Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.2x which is lower than its 3-year average PE of 16.0x.
  • The industry is trading close to its 3-year average PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 9.7% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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-1.02%
Financials-1.76%
Banks-0.83%
Diversified Banks3.60%
Regional Banks-1.10%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 1.3%, which is lower than the prior year's growth of 12.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 3.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 12% per year.
  • In contrast, the Regional Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LLBN Liechtensteinische LandesbankCHF 74.803.2%
+CHF 70.4m		23.2%PB1.1x
TKBP Thurgauer KantonalbankCHF 124.501.6%
+CHF 40.0m		3.3%PB0.9x
LUKN Luzerner KantonalbankCHF 67.001.2%
+CHF 39.4m		-10.7%PB0.9x
WKBN Walliser KantonalbankCHF 114.500.9%
+CHF 15.7m		1.3%PB1.1x
VATN Valiant HoldingCHF 105.400.6%
+CHF 9.5m		9.0%PB0.6x
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Latest News

BLKB

CHF 848.00

Basellandschaftliche Kantonalbank

7D

-0.2%

1Y

-4.9%

ZUGER

CHF 8,340.00

Zuger Kantonalbank

7D

0.2%

1Y

8.0%

VATN

CHF 105.40

Valiant Holding

7D

0.6%

1Y

9.0%

BCVN

CHF 92.50

Banque Cantonale Vaudoise

7D

-1.1%

1Y

-6.8%

GRKP

CHF 1,685.00

Graubündner Kantonalbank

7D

-2.9%

1Y

2.4%

Is Now The Time To Put Graubündner Kantonalbank (VTX:GRKP) On Your Watchlist?

Jun 06
Is Now The Time To Put Graubündner Kantonalbank (VTX:GRKP) On Your Watchlist?

BEKN

CHF 233.00

Berner Kantonalbank

7D

-1.3%

1Y

-2.1%

TKBP

CHF 124.50

Thurgauer Kantonalbank

7D

1.6%

1Y

3.3%

Thurgauer Kantonalbank (VTX:TKBP) Ticks All The Boxes When It Comes To Earnings Growth

May 29
Thurgauer Kantonalbank (VTX:TKBP) Ticks All The Boxes When It Comes To Earnings Growth

SGKN

CHF 435.00

St. Galler Kantonalbank

7D

0.3%

1Y

-13.0%

BCJ

CHF 58.50

Banque Cantonale du Jura

7D

4.5%

1Y

12.5%

BCGE

CHF 286.00

Banque Cantonale de Genève

7D

-1.0%

1Y

31.2%

GLKBN

CHF 21.00

Glarner Kantonalbank

7D

-0.5%

1Y

-11.8%

WKBN

CHF 114.50

Walliser Kantonalbank

7D

0.9%

1Y

1.3%

LLBN

CHF 74.80

Liechtensteinische Landesbank

7D

3.2%

1Y

23.2%

LUKN

CHF 67.00

Luzerner Kantonalbank

7D

1.2%

1Y

-10.7%