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Swiss (SMI) Banks Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies16
  • 7D0.2%
  • 3M2.6%
  • 1Y11.3%
  • YTD9.3%

The Banks is pretty flat in the last 7 days, but Luzerner Kantonalbank has stood out, gaining 3.7%. As for the the longer term, the industry is up 11% over the past 12 months. Earnings are forecast to grow by 2.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025CHF 41.2bCHF 7.6bCHF 2.7b14.7x15.1x5.4x
Sat, 23 Aug 2025CHF 41.9bCHF 7.6bCHF 2.7b15.3x15.4x5.5x
Mon, 21 Jul 2025CHF 41.6bCHF 7.6bCHF 2.7b14.1x15.2x5.5x
Wed, 18 Jun 2025CHF 40.0bCHF 7.6bCHF 2.7b13.7x14.8x5.3x
Fri, 16 May 2025CHF 40.7bCHF 7.6bCHF 2.7b13.9x15x5.4x
Sun, 13 Apr 2025CHF 39.8bCHF 7.6bCHF 2.7b13.5x14.7x5.2x
Tue, 11 Mar 2025CHF 40.5bCHF 7.5bCHF 2.7b13.7x15.2x5.4x
Thu, 06 Feb 2025CHF 39.1bCHF 7.5bCHF 2.7b13.4x14.5x5.2x
Sat, 04 Jan 2025CHF 37.7bCHF 7.5bCHF 2.7b12.8x14x5x
Mon, 02 Dec 2024CHF 37.2bCHF 7.5bCHF 2.7b12.6x13.8x5x
Wed, 30 Oct 2024CHF 37.5bCHF 7.5bCHF 2.7b12.8x13.9x5x
Fri, 27 Sep 2024CHF 37.3bCHF 7.5bCHF 2.7b12.7x13.9x5x
Sun, 25 Aug 2024CHF 37.8bCHF 7.5bCHF 2.7b12.8x14.1x5.1x
Tue, 23 Jul 2024CHF 38.5bCHF 7.5bCHF 2.7b12.7x14.3x5.1x
Thu, 20 Jun 2024CHF 38.5bCHF 7.5bCHF 2.7b13.2x14.3x5.2x
Sat, 18 May 2024CHF 39.2bCHF 7.5bCHF 2.7b13.3x14.5x5.2x
Mon, 15 Apr 2024CHF 39.8bCHF 7.5bCHF 2.7b13.7x14.8x5.3x
Wed, 13 Mar 2024CHF 39.7bCHF 7.3bCHF 2.6b14.4x15.1x5.4x
Fri, 09 Feb 2024CHF 39.4bCHF 7.1bCHF 2.5b14.3x15.6x5.5x
Sun, 07 Jan 2024CHF 39.5bCHF 7.2bCHF 2.5b14x15.5x5.5x
Tue, 05 Dec 2023CHF 38.6bCHF 7.2bCHF 2.5b14.3x15.2x5.4x
Thu, 02 Nov 2023CHF 38.9bCHF 7.1bCHF 2.5b15x15.4x5.5x
Sat, 30 Sep 2023CHF 38.7bCHF 7.1bCHF 2.5b15.2x15.5x5.4x
Mon, 28 Aug 2023CHF 38.4bCHF 7.0bCHF 2.4b15.4x15.7x5.5x
Wed, 26 Jul 2023CHF 38.4bCHF 6.8bCHF 2.4b15.4x16.3x5.7x
Fri, 23 Jun 2023CHF 37.5bCHF 6.7bCHF 2.3b15.6x16.1x5.6x
Sun, 21 May 2023CHF 37.5bCHF 6.7bCHF 2.3b16x16x5.6x
Tue, 18 Apr 2023CHF 37.9bCHF 6.7bCHF 2.3b16.2x16.2x5.7x
Thu, 16 Mar 2023CHF 36.3bCHF 6.5bCHF 2.3b15.7x16x5.6x
Sat, 11 Feb 2023CHF 37.0bCHF 6.5bCHF 2.2b16.1x16.6x5.7x
Mon, 09 Jan 2023CHF 36.5bCHF 6.5bCHF 2.2b15.9x16.4x5.6x
Wed, 07 Dec 2022CHF 36.5bCHF 6.5bCHF 2.2b16x16.5x5.6x
Fri, 04 Nov 2022CHF 36.3bCHF 6.5bCHF 2.2b15.9x16.4x5.6x
Sun, 02 Oct 2022CHF 36.4bCHF 6.5bCHF 2.2b15.3x16.4x5.6x
Price to Earnings Ratio

16.4x


Total Market Cap: CHF 36.4bTotal Earnings: CHF 2.2bTotal Revenue: CHF 6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Banks Industry Price to Earnings3Y Average 15.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swiss Banks 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 15.3x.
  • The industry is trading close to its 3-year average PS ratio of 5.4x.
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 5.3% 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-0.40%
Financials0.21%
Banks0.20%
Regional Banks0.52%
Diversified Banks-4.80%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 2.6%, which is higher than its past year's earnings decline of 1.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 2.6% 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 2.6% 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
LUKN Luzerner KantonalbankCHF 78.304.1%
+CHF 152.9m		24.9%PB0.9x
BCVN Banque Cantonale VaudoiseCHF 92.901.7%
+CHF 133.2m		5.3%PB2.1x
SGKN St. Galler KantonalbankCHF 497.500.9%
+CHF 26.9m		18.5%PB1x
VATN Valiant HoldingCHF 127.000.3%
+CHF 6.3m		25.7%PB0.7x
BCJ Banque Cantonale du JuraCHF 64.003.2%
+CHF 6.0m		10.3%PB0.6x

Latest News

BCJ
CHF 64.00
Banque Cantonale du Jura
7D
3.2%
1Y
10.3%
LUKN
CHF 78.30
Luzerner Kantonalbank
7D
4.1%
1Y
24.9%
HBLN
CHF 4,060.00
Hypothekarbank Lenzburg
7D
-1.0%
1Y
-1.0%
BCVN
CHF 92.90
Banque Cantonale Vaudoise
7D
1.7%
1Y
5.3%
LLBN
CHF 76.00
Liechtensteinische Landesbank
7D
-7.1%
1Y
3.8%
GLKBN
CHF 21.20
Glarner Kantonalbank
7D
-1.4%
1Y
1.0%
BEKN
CHF 253.00
Berner Kantonalbank
7D
-0.8%
1Y
9.5%
SGKN
CHF 497.50
St. Galler Kantonalbank
7D
0.9%
1Y
18.5%
VATN
CHF 127.00
Valiant Holding
7D
0.3%
1Y
25.7%
GRKP
CHF 1,745.00
Graubündner Kantonalbank
7D
-0.9%
1Y
2.6%
BLKB
CHF 916.00
Basellandschaftliche Kantonalbank
7D
0.2%
1Y
8.0%