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Swiss (SMI) Capital Markets Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies17
  • 7D1.7%
  • 3M-0.09%
  • 1Y16.6%
  • YTD-8.7%

Over the last 7 days, the Capital Markets industry has risen 1.7%, driven by gains from Partners Group Holding of 4.0%. This takes the industry's 12 month performance to a gain of 17%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Swiss Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026CHF 166.6bCHF 52.2bCHF 10.4b16x16x3.2x
Tue, 07 Apr 2026CHF 155.9bCHF 52.1bCHF 9.5b15.8x16.3x3x
Thu, 05 Mar 2026CHF 155.4bCHF 50.3bCHF 9.2b17.2x16.8x3.1x
Sat, 31 Jan 2026CHF 181.5bCHF 49.0bCHF 9.0b17.9x20.3x3.7x
Mon, 29 Dec 2025CHF 181.3bCHF 49.9bCHF 9.1b17.4x19.9x3.6x
Wed, 26 Nov 2025CHF 156.7bCHF 50.9bCHF 9.2b16.1x17x3.1x
Fri, 24 Oct 2025CHF 157.8bCHF 49.3bCHF 8.3b18.2x19x3.2x
Sun, 21 Sep 2025CHF 171.7bCHF 49.3bCHF 8.3b16.7x20.7x3.5x
Tue, 19 Aug 2025CHF 168.4bCHF 49.6bCHF 8.3b20.1x20.3x3.4x
Thu, 17 Jul 2025CHF 152.9bCHF 50.0bCHF 7.3b15.7x20.9x3.1x
Sat, 14 Jun 2025CHF 141.2bCHF 50.5bCHF 7.4b14.6x19.1x2.8x
Mon, 12 May 2025CHF 144.1bCHF 51.4bCHF 7.5b15.2x19.3x2.8x
Wed, 09 Apr 2025CHF 130.0bCHF 52.5bCHF 7.6b12.8x17.1x2.5x
Fri, 07 Mar 2025CHF 163.8bCHF 53.9bCHF 7.6b19.2x21.5x3x
Sun, 02 Feb 2025CHF 175.7bCHF 53.5bCHF 6.5b21x26.9x3.3x
Tue, 31 Dec 2024CHF 153.6bCHF 53.3bCHF 6.5b20.2x23.6x2.9x
Thu, 28 Nov 2024CHF 152.7bCHF 52.1bCHF 6.4b19.7x23.9x2.9x
Sat, 26 Oct 2024CHF 152.8bCHF 50.7bCHF 4.5b17.9x34.2x3x
Mon, 23 Sep 2024CHF 142.4bCHF 50.3bCHF 4.4b17.6x32.1x2.8x
Wed, 21 Aug 2024CHF 144.6bCHF 50.5bCHF 4.5b17.5x32.2x2.9x
Fri, 19 Jul 2024CHF 148.2bCHF 49.4bCHF 27.8b16x5.3x3x
Sun, 16 Jun 2024CHF 144.8bCHF 49.6bCHF 27.9b14.8x5.2x2.9x
Tue, 14 May 2024CHF 148.2bCHF 50.3bCHF 28.4b16.5x5.2x2.9x
Thu, 11 Apr 2024CHF 147.9bCHF 47.0bCHF 27.9b17x5.3x3.1x
Sat, 09 Mar 2024CHF 148.2bCHF 45.8bCHF 28.0b16.5x5.3x3.2x
Mon, 05 Feb 2024CHF 143.4bCHF 70.9bCHF 34.6b15x4.1x2x
Wed, 03 Jan 2024CHF 144.9bCHF 70.8bCHF 34.4b14.4x4.2x2x
Fri, 01 Dec 2023CHF 137.1bCHF 71.9bCHF 35.3b13.7x3.9x1.9x
Sun, 29 Oct 2023CHF 121.8bCHF 70.0bCHF 38.4b13.2x3.2x1.7x
Tue, 26 Sep 2023CHF 131.2bCHF 70.4bCHF 38.7b13.7x3.4x1.9x
Thu, 24 Aug 2023CHF 117.9bCHF 69.2bCHF 14.0b13.3x8.4x1.7x
Sat, 22 Jul 2023CHF 110.2bCHF 68.4bCHF 13.5b13.7x8.1x1.6x
Mon, 19 Jun 2023CHF 107.5bCHF 69.3bCHF 13.8b14.1x7.8x1.6x
Wed, 17 May 2023CHF 103.2bCHF 69.4bCHF 13.8b14.4x7.5x1.5x
Price to Earnings Ratio

7.5x


Total Market Cap: CHF 103.2bTotal Earnings: CHF 13.8bTotal Revenue: CHF 69.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 14.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swiss Capital Markets 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 14.7x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 8.9% per year over the last three years,
  • Revenues have also declined 9.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Swiss Financials industry?

CH Market0.066%
Financials-0.82%
Capital Markets1.71%
Asset Management2.65%
Diversified Capital Markets1.54%
Investment Banking and Brokerage-1.87%
Industry PE
  • Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 21.8x.
    • Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings growth of 8.0% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 82% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.8% 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
PGHN Partners Group HoldingCHF 882.004.0%
+CHF 876.6m		-20.8%PE18x
BAER Julius Bär GruppeCHF 66.523.8%
+CHF 496.1m		19.6%PE17.9x
VONN Vontobel HoldingCHF 67.001.2%
+CHF 44.6m		7.5%PE13.3x
EFGN EFG InternationalCHF 16.920.7%
+CHF 35.8m		30.0%PE16.4x
CFT Compagnie Financière TraditionCHF 297.501.2%
+CHF 26.7m		31.1%PE16.9x

Latest News

UBSG
CHF 35.03
UBS Group
7D
1.5%
1Y
34.9%
NBEN
CHF 6.20
nebag ag
7D
-3.1%
1Y
-3.1%
SQN
CHF 383.00
Swissquote Group Holding
7D
-3.0%
1Y
-14.3%
Narrative Update • May 04

SQN: Dividend Visibility And Premium P/E Will Shape Future Upside Potential

Analysts have trimmed their Swissquote Group Holding price target to about CHF493.91 from roughly CHF501.09. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions.
LEON
CHF 14.48
Leonteq
7D
-2.0%
1Y
-13.0%
Narrative Update • May 03

LEON: Stable Outlook Will Balance Ownership Shift Governance Changes And Dividend Pause

Analysts have kept their CHF price target for Leonteq unchanged at CHF 14.10, reflecting stable assumptions around fair value, revenue growth, profit margin and future P/E expectations. What's in the News At the Annual General Meeting on April 1, 2026, shareholders approved changes to Leonteq AG's Articles of Association, indicating updated corporate bylaws and governance rules (Key Developments).
PGHN
CHF 882.00
Partners Group Holding
7D
4.0%
1Y
-20.8%
Narrative Update • May 03

PGHN: Rebased P/E Assumptions Will Support Future Confidence In Premium Pricing

Analysts have trimmed their price target for Partners Group Holding slightly, from CHF 1,189.33 to CHF 1,178.50. They cited a modestly lower fair value and P/E assumption following recent research updates and a downgrade at Citi.
CFT
CHF 297.50
Compagnie Financière Tradition
7D
1.2%
1Y
31.1%
ALPN
CHF 9.20
Alpine Select
7D
2.2%
1Y
22.7%
VZN
CHF 149.60
VZ Holding
7D
-1.8%
1Y
-15.5%
VONN
CHF 67.00
Vontobel Holding
7D
1.2%
1Y
7.5%
Narrative Update • Apr 27

VONN: Neutral View Will Depend On Discount Rate And P E Repricing

Analysts have trimmed their CHF price target on Vontobel Holding by CHF 0.38 to reflect updated assumptions for slightly lower revenue growth, a modestly compressed profit margin, and a higher P/E multiple under a higher discount rate. Analyst Commentary Recent Street research on Vontobel Holding has included both upward and downward adjustments to price targets, with analysts reacting to updated assumptions on growth, profitability, and valuation multiples.
EFGN
CHF 16.92
EFG International
7D
0.7%
1Y
30.0%
Narrative Update • Apr 26

EFGN: Future Upside Will Rely On Margin Discipline Despite Recent Downgrades

Analysts have trimmed the EFG International price target to CHF 18.40 from CHF 19.50, reflecting recent reassessments of the bank's outlook and valuation assumptions. Analyst Commentary The latest research highlights a mixed view on EFG International, with recent target price revisions and a downgrade pointing to both upside potential and execution risks that readers should weigh carefully.
VPBN
CHF 82.70
VP Bank
7D
-3.8%
1Y
1.3%
BAER
CHF 66.52
Julius Bär Gruppe
7D
3.8%
1Y
19.6%
Narrative Update • Apr 22

BAER: Future Returns Will Rely On Balanced Execution After Mixed Street Revisions

Narrative Update: Julius Bär Gruppe Price Target Shift The analyst price target for Julius Bär Gruppe has been adjusted slightly higher by CHF 0.43 to reflect updated fair value estimates and modest tweaks to forward P/E assumptions, following a series of recent target changes and an upgrade across the Street. Analyst Commentary Recent Street research on Julius Bär Gruppe reflects an active period of reassessment, with several target price increases clustered around the same dates and one more recent reduction.
VLRT
CHF 11.40
Valartis Group
7D
-8.1%
1Y
-10.9%
GAM
CHF 0.079
GAM Holding
7D
-1.7%
1Y
-22.9%
REALU
CHF 1.45
RealUnit Schweiz
7D
0.7%
1Y
19.8%
HAUTE
CHF 81.50
Haute Capital Partners
7D
0.9%
1Y
-42.6%