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Swiss (SMI) Banks Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies16
  • 7D1.0%
  • 3M20.8%
  • 1Y30.8%
  • YTD14.2%

In the last week, the Banks industry is up 1.0%, with Luzerner Kantonalbank up 2.7%. This means that the industry has gained 31% over the past year. As for the next few years, earnings are expected to grow by 2.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026CHF 52.9bCHF 7.7bCHF 2.7b18.7x19.7x6.9x
Sun, 01 Feb 2026CHF 48.4bCHF 7.7bCHF 2.7b16.6x17.8x6.3x
Tue, 30 Dec 2025CHF 45.2bCHF 7.7bCHF 2.7b15.6x16.6x5.9x
Thu, 27 Nov 2025CHF 42.8bCHF 7.7bCHF 2.7b15x15.7x5.6x
Sat, 25 Oct 2025CHF 42.0bCHF 7.6bCHF 2.7b14.8x15.4x5.5x
Mon, 22 Sep 2025CHF 41.3bCHF 7.6bCHF 2.7b15.1x15.2x5.4x
Wed, 20 Aug 2025CHF 41.4bCHF 7.6bCHF 2.7b14.9x15.1x5.4x
Fri, 18 Jul 2025CHF 41.4bCHF 7.6bCHF 2.7b14x15.2x5.5x
Sun, 15 Jun 2025CHF 40.0bCHF 7.6bCHF 2.7b13.7x14.8x5.3x
Tue, 13 May 2025CHF 40.5bCHF 7.6bCHF 2.7b13.6x15x5.4x
Thu, 10 Apr 2025CHF 39.2bCHF 7.6bCHF 2.7b13.3x14.5x5.2x
Sat, 08 Mar 2025CHF 40.6bCHF 7.5bCHF 2.7b13.7x15.2x5.4x
Mon, 03 Feb 2025CHF 39.2bCHF 7.5bCHF 2.7b13.2x14.5x5.2x
Wed, 01 Jan 2025CHF 37.2bCHF 7.5bCHF 2.7b12.7x13.8x5x
Fri, 29 Nov 2024CHF 37.1bCHF 7.5bCHF 2.7b12.6x13.8x4.9x
Sun, 27 Oct 2024CHF 37.6bCHF 7.5bCHF 2.7b12.8x14x5x
Tue, 24 Sep 2024CHF 37.0bCHF 7.5bCHF 2.7b12.6x13.8x4.9x
Thu, 22 Aug 2024CHF 37.9bCHF 7.5bCHF 2.7b12.8x14.1x5.1x
Sat, 20 Jul 2024CHF 38.3bCHF 7.5bCHF 2.7b12.7x14.2x5.1x
Mon, 17 Jun 2024CHF 38.2bCHF 7.5bCHF 2.7b13.1x14.2x5.1x
Wed, 15 May 2024CHF 39.3bCHF 7.5bCHF 2.7b13.2x14.6x5.3x
Fri, 12 Apr 2024CHF 39.8bCHF 7.4bCHF 2.7b13.7x14.9x5.3x
Sun, 10 Mar 2024CHF 39.8bCHF 7.3bCHF 2.6b14.5x15.2x5.4x
Tue, 06 Feb 2024CHF 39.8bCHF 7.1bCHF 2.5b14x15.7x5.6x
Thu, 04 Jan 2024CHF 39.2bCHF 7.2bCHF 2.5b14.1x15.4x5.4x
Sat, 02 Dec 2023CHF 38.6bCHF 7.2bCHF 2.5b14.3x15.2x5.4x
Mon, 30 Oct 2023CHF 38.6bCHF 7.1bCHF 2.5b15x15.4x5.4x
Wed, 27 Sep 2023CHF 38.5bCHF 7.1bCHF 2.5b15.4x15.4x5.4x
Fri, 25 Aug 2023CHF 38.4bCHF 7.0bCHF 2.4b15.4x15.7x5.5x
Sun, 23 Jul 2023CHF 38.4bCHF 6.7bCHF 2.4b15.4x16.4x5.7x
Tue, 20 Jun 2023CHF 37.6bCHF 6.7bCHF 2.3b15.7x16.1x5.6x
Thu, 18 May 2023CHF 37.3bCHF 6.7bCHF 2.3b15.8x16x5.6x
Sat, 15 Apr 2023CHF 37.8bCHF 6.7bCHF 2.3b16.1x16.2x5.7x
Mon, 13 Mar 2023CHF 36.9bCHF 6.5bCHF 2.3b16x16.4x5.7x
Price to Earnings Ratio

16.4x


Total Market Cap: CHF 36.9bTotal Earnings: CHF 2.3bTotal Revenue: CHF 6.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Banks Industry Price to Earnings3Y Average 15.3x202420252026
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 19.7x which is higher than its 3-year average PE of 15.3x.
  • The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 6.0% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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-3.92%
Financials-3.97%
Banks1.03%
Diversified Banks2.57%
Regional Banks0.94%
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 expect its future annual earnings growth (2.5%) to be largely in line with prior year's earnings growth.
  • 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 13.6x.
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 roughly in line with its past earnings growth rate.
  • 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
LUKN Luzerner KantonalbankCHF 107.602.7%
+CHF 138.1m		58.0%PB1.3x
BCVN Banque Cantonale VaudoiseCHF 118.801.0%
+CHF 103.1m		23.4%PB2.6x
BEKN Berner KantonalbankCHF 381.002.6%
+CHF 87.9m		53.6%PB1.2x
SGKN St. Galler KantonalbankCHF 655.002.0%
+CHF 77.7m		36.9%PB1.3x
LLBN Liechtensteinische LandesbankCHF 95.902.6%
+CHF 72.9m		25.4%PB1.2x

Latest News

GRKP
CHF 2,090.00
Graubündner Kantonalbank
7D
-0.9%
1Y
16.1%
BEKN
CHF 381.00
Berner Kantonalbank
7D
2.6%
1Y
53.6%
WKBN
CHF 146.00
Walliser Kantonalbank
7D
3.2%
1Y
26.4%
LLBN
CHF 95.90
Liechtensteinische Landesbank
7D
2.6%
1Y
25.4%
TKBP
CHF 182.00
Thurgauer Kantonalbank
7D
-0.5%
1Y
33.3%
BCVN
CHF 118.80
Banque Cantonale Vaudoise
7D
1.0%
1Y
23.4%
GLKBN
CHF 23.90
Glarner Kantonalbank
7D
-1.6%
1Y
5.8%
SGKN
CHF 655.00
St. Galler Kantonalbank
7D
2.0%
1Y
36.9%

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
LUKN
CHF 107.60
Luzerner Kantonalbank
7D
2.7%
1Y
58.0%
ZUGER
CHF 9,880.00
Zuger Kantonalbank
7D
0.4%
1Y
15.2%
BLKB
CHF 1,185.00
Basellandschaftliche Kantonalbank
7D
0.9%
1Y
27.7%
BCGE
CHF 31.80
Banque Cantonale de Genève
7D
-0.3%
1Y
17.8%