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Swiss (SMI) Banks Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies16
  • 7D0.3%
  • 3M-1.9%
  • 1Y-2.6%
  • YTD-4.0%

Last week, the Banks industry hasn't moved much but Banque Cantonale de Genève is up 4.1% in that time. In line with that, the industry has also been flat over the past 12 months. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024CHF 37.1bCHF 7.5bCHF 2.7b12.6x13.8x4.9x
Sat, 19 Oct 2024CHF 37.9bCHF 7.5bCHF 2.7b12.9x14.1x5.1x
Mon, 16 Sep 2024CHF 37.1bCHF 7.5bCHF 2.7b12.5x13.9x5x
Wed, 14 Aug 2024CHF 38.2bCHF 7.5bCHF 2.7b12.7x14.2x5.1x
Fri, 12 Jul 2024CHF 38.7bCHF 7.5bCHF 2.7b12.7x14.4x5.2x
Sun, 09 Jun 2024CHF 38.6bCHF 7.5bCHF 2.7b13.1x14.3x5.2x
Tue, 07 May 2024CHF 39.3bCHF 7.5bCHF 2.7b13.5x14.6x5.3x
Thu, 04 Apr 2024CHF 39.6bCHF 7.4bCHF 2.7b13.6x14.9x5.3x
Sat, 02 Mar 2024CHF 39.7bCHF 7.2bCHF 2.6b14.4x15.2x5.5x
Mon, 29 Jan 2024CHF 39.9bCHF 7.2bCHF 2.5b14x15.7x5.5x
Wed, 27 Dec 2023CHF 39.1bCHF 7.2bCHF 2.5b14.1x15.4x5.4x
Fri, 24 Nov 2023CHF 38.8bCHF 7.2bCHF 2.5b14.2x15.2x5.4x
Sun, 22 Oct 2023CHF 38.3bCHF 7.1bCHF 2.5b14.9x15.3x5.4x
Tue, 19 Sep 2023CHF 38.4bCHF 7.1bCHF 2.5b15.2x15.4x5.4x
Thu, 17 Aug 2023CHF 38.6bCHF 6.9bCHF 2.4b15.4x16.2x5.6x
Sat, 15 Jul 2023CHF 38.4bCHF 6.6bCHF 2.3b16.2x16.5x5.8x
Mon, 12 Jun 2023CHF 37.7bCHF 6.7bCHF 2.3b15.7x16.1x5.6x
Wed, 10 May 2023CHF 37.3bCHF 6.7bCHF 2.3b16.1x16x5.6x
Fri, 07 Apr 2023CHF 37.8bCHF 6.1bCHF 2.3b16.2x16.3x6.3x
Sun, 05 Mar 2023CHF 37.1bCHF 6.5bCHF 2.2b16.1x16.5x5.7x
Tue, 31 Jan 2023CHF 37.3bCHF 6.5bCHF 2.2b16.2x16.8x5.7x
Thu, 29 Dec 2022CHF 36.3bCHF 6.5bCHF 2.2b15.9x16.4x5.6x
Sat, 26 Nov 2022CHF 36.5bCHF 6.5bCHF 2.2b16.1x16.5x5.6x
Mon, 24 Oct 2022CHF 36.2bCHF 6.5bCHF 2.2b16x16.3x5.5x
Wed, 21 Sep 2022CHF 37.0bCHF 6.5bCHF 2.2b15.8x16.7x5.7x
Fri, 19 Aug 2022CHF 36.4bCHF 6.5bCHF 2.2b16.2x16.7x5.6x
Sun, 17 Jul 2022CHF 34.8bCHF 6.5bCHF 2.2b15.8x16.1x5.4x
Tue, 14 Jun 2022CHF 34.3bCHF 6.4bCHF 2.1b15.5x16x5.3x
Thu, 12 May 2022CHF 35.0bCHF 6.4bCHF 2.1b15.5x16.3x5.4x
Sat, 09 Apr 2022CHF 36.0bCHF 6.3bCHF 2.1b16.2x17.2x5.7x
Mon, 07 Mar 2022CHF 34.0bCHF 6.1bCHF 2.1b15.5x16.2x5.6x
Wed, 02 Feb 2022CHF 34.7bCHF 6.1bCHF 2.0b15.8x17x5.7x
Fri, 31 Dec 2021CHF 33.2bCHF 6.1bCHF 2.0b14.8x16.2x5.4x
Sun, 28 Nov 2021CHF 32.9bCHF 6.1bCHF 2.0b15.1x16.1x5.4x
Price to Earnings Ratio

16.1x


Total Market Cap: CHF 32.9bTotal Earnings: CHF 2.0bTotal Revenue: CHF 6.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Banks Industry Price to Earnings3Y Average 15.7x202220232024
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 13.8x which is lower than its 3-year average PE of 15.7x.
  • 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-1.36%
Financials1.05%
Banks0.30%
Regional Banks0.40%
Diversified Banks-1.29%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings decline of 0.2%, which is lower than the prior year's growth of 9.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 13.5x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Regional Banks industry since they expect its earnings to decline by only 0.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 9.4% 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
BCGE Banque Cantonale de GenèveCHF 255.004.1%
+CHF 71.3m		13.3%PB0.8x
VATN Valiant HoldingCHF 102.402.4%
+CHF 37.9m		8.0%PB0.6x
TKBP Thurgauer KantonalbankCHF 125.500.8%
+CHF 20.0m		2.9%PB0.9x
BEKN Berner KantonalbankCHF 233.000.9%
+CHF 18.5m		-1.7%PB0.7x
SGKN St. Galler KantonalbankCHF 421.000.5%
+CHF 12.0m		-13.4%PB0.9x
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Latest News

TKBP

CHF 125.50

Thurgauer Kantonalbank

7D

0.8%

1Y

2.9%

BCJ

CHF 54.50

Banque Cantonale du Jura

7D

-0.9%

1Y

6.9%

LLBN

CHF 69.10

Liechtensteinische Landesbank

7D

-1.3%

1Y

8.8%

BCGE

CHF 255.00

Banque Cantonale de Genève

7D

4.1%

1Y

13.3%

Do Banque Cantonale de Genève's (VTX:BCGE) Earnings Warrant Your Attention?

Sep 11
Do Banque Cantonale de Genève's (VTX:BCGE) Earnings Warrant Your Attention?

BCVN

CHF 87.25

Banque Cantonale Vaudoise

7D

-0.3%

1Y

-14.2%

SGKN

CHF 421.00

St. Galler Kantonalbank

7D

0.5%

1Y

-13.4%

HBLN

CHF 4,020.00

Hypothekarbank Lenzburg

7D

-0.5%

1Y

3.1%

BLKB

CHF 842.00

Basellandschaftliche Kantonalbank

7D

-0.5%

1Y

-3.4%

ZUGER

CHF 8,220.00

Zuger Kantonalbank

7D

0.2%

1Y

5.9%

VATN

CHF 102.40

Valiant Holding

7D

2.4%

1Y

8.0%

BEKN

CHF 233.00

Berner Kantonalbank

7D

0.9%

1Y

-1.7%

GLKBN

CHF 21.30

Glarner Kantonalbank

7D

0.9%

1Y

-7.0%

LUKN

CHF 63.60

Luzerner Kantonalbank

7D

0.2%

1Y

-10.0%