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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies17
  • 7D0.3%
  • 3M19.8%
  • 1Y29.3%
  • YTD-2.0%

The Capital Markets industry has been flat over the last week, but Partners Group Holding has lost 9.1%. The past year has been better, since the industry has gained 29% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026CHF 178.9bCHF 53.9bCHF 10.7b16.1x16.7x3.3x
Fri, 22 May 2026CHF 173.9bCHF 52.7bCHF 10.5b16.4x16.6x3.3x
Sun, 19 Apr 2026CHF 169.3bCHF 51.1bCHF 9.4b17.1x18x3.3x
Tue, 17 Mar 2026CHF 147.8bCHF 51.6bCHF 9.4b16.3x15.7x2.9x
Thu, 12 Feb 2026CHF 162.9bCHF 49.7bCHF 9.2b16.8x17.7x3.3x
Sat, 10 Jan 2026CHF 187.3bCHF 50.5bCHF 9.2b17.4x20.4x3.7x
Mon, 08 Dec 2025CHF 165.1bCHF 50.6bCHF 9.2b17.4x17.9x3.3x
Wed, 05 Nov 2025CHF 157.9bCHF 50.9bCHF 9.2b16.3x17.1x3.1x
Fri, 03 Oct 2025CHF 165.7bCHF 49.4bCHF 8.3b17.2x19.9x3.4x
Sun, 31 Aug 2025CHF 169.2bCHF 49.3bCHF 8.3b15.9x20.5x3.4x
Tue, 29 Jul 2025CHF 159.1bCHF 50.0bCHF 7.2b23.1x22x3.2x
Thu, 26 Jun 2025CHF 139.7bCHF 50.2bCHF 7.4b14.6x19x2.8x
Sat, 24 May 2025CHF 143.2bCHF 50.9bCHF 7.4b15.8x19.3x2.8x
Mon, 21 Apr 2025CHF 132.3bCHF 51.0bCHF 7.5b14.1x17.7x2.6x
Wed, 19 Mar 2025CHF 163.4bCHF 53.7bCHF 7.7b17.7x21.1x3x
Fri, 14 Feb 2025CHF 168.4bCHF 54.9bCHF 7.7b16.3x21.8x3.1x
Sun, 12 Jan 2025CHF 162.9bCHF 53.8bCHF 6.6b20.4x24.9x3x
Tue, 10 Dec 2024CHF 158.2bCHF 51.9bCHF 6.4b20.6x24.8x3x
Thu, 07 Nov 2024CHF 155.1bCHF 51.9bCHF 6.4b18.9x24.3x3x
Sat, 05 Oct 2024CHF 147.9bCHF 50.6bCHF 4.5b19.3x33.1x2.9x
Mon, 02 Sep 2024CHF 144.4bCHF 50.3bCHF 4.5b16.6x32.2x2.9x
Wed, 31 Jul 2024CHF 144.8bCHF 49.3bCHF 27.6b16.2x5.2x2.9x
Fri, 28 Jun 2024CHF 143.2bCHF 49.9bCHF 28.1b15.2x5.1x2.9x
Sun, 26 May 2024CHF 152.2bCHF 50.6bCHF 28.6b16.3x5.3x3x
Tue, 23 Apr 2024CHF 140.2bCHF 46.9bCHF 27.8b16x5x3x
Thu, 21 Mar 2024CHF 148.5bCHF 46.1bCHF 28.2b17.6x5.3x3.2x
Sat, 17 Feb 2024CHF 138.1bCHF 45.9bCHF 28.0b16x4.9x3x
Mon, 15 Jan 2024CHF 140.7bCHF 71.2bCHF 34.7b14.5x4.1x2x
Wed, 13 Dec 2023CHF 139.0bCHF 72.0bCHF 35.4b13.8x3.9x1.9x
Fri, 10 Nov 2023CHF 127.8bCHF 72.9bCHF 36.2b12.6x3.5x1.8x
Sun, 08 Oct 2023CHF 128.6bCHF 70.3bCHF 38.6b13.7x3.3x1.8x
Tue, 05 Sep 2023CHF 132.2bCHF 69.3bCHF 37.7b13.6x3.5x1.9x
Thu, 03 Aug 2023CHF 111.8bCHF 69.0bCHF 13.7b14.3x8.2x1.6x
Sat, 01 Jul 2023CHF 105.4bCHF 69.4bCHF 13.7b13.6x7.7x1.5x
Price to Earnings Ratio

7.7x


Total Market Cap: CHF 105.4bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.1x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.7x which is higher than its 3-year average PE of 15.1x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 7.9% per year over the last three years,
  • Revenues have also declined 8.0% 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 Market0.99%
Financials0.96%
Capital Markets0.27%
Diversified Capital Markets1.74%
Investment Banking and Brokerage-1.32%
Asset Management-3.22%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 14.8x.
    • Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 81.5% per year.
  • Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 12% 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 8.2% 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
UBSG UBS GroupCHF 40.360.9%
+CHF 1.1b		56.1%PE16.6x
LEON LeonteqCHF 17.0811.9%
+CHF 32.2m		-6.5%PS1.8x
VPBN VP BankCHF 89.204.4%
+CHF 23.7m		12.3%PE11.9x
CFT Compagnie Financière TraditionCHF 312.500.2%
+CHF 3.8m		42.7%PE17.8x
ALPN Alpine SelectCHF 9.201.7%
+CHF 1.3m		23.5%PE7.5x

Latest News

VONN
CHF 72.10
Vontobel Holding
7D
-0.4%
1Y
15.0%
Narrative Update • Jun 23

VONN: Neutral Outlook Will Rely On Discount Rate And US Expansion

Analysts have kept their CHF 68.75 price target for Vontobel Holding unchanged, citing largely stable assumptions around the discount rate, revenue growth, profit margins and future P/E estimates. What’s in the News for Vontobel Holding Vontobel Holding opened a new office in Los Angeles as part of its continued US expansion, aiming to be closer to clients and partners.
LEON
CHF 17.08
Leonteq
7D
11.9%
1Y
-6.5%
VPBN
CHF 89.20
VP Bank
7D
4.4%
1Y
12.3%
UBSG
CHF 40.36
UBS Group
7D
0.9%
1Y
56.1%
PGHN
CHF 649.00
Partners Group Holding
7D
-9.1%
1Y
-35.2%
Narrative Update • Jun 18

PGHN: Future Returns Will Hinge On Managing Fund Liquidity And Execution Risks

The analyst price target for Partners Group Holding has been reduced from CHF 930 to CHF 760. This reflects updated views based on more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E, partially offset by higher expected profit margins.
BAER
CHF 65.54
Julius Bär Gruppe
7D
-0.5%
1Y
25.3%
Narrative Update • Jun 18

BAER: Fairly Valued Shares Will Depend On Flow Recovery And Profit Execution

Analysts have nudged the fair value estimate for Julius Bär Gruppe slightly lower to CHF 69.35 from CHF 69.41, while recent Street research price targets ranging from CHF 59 to CHF 78 reflect differing views on how quickly flows and profitability might improve. Analyst Commentary Recent Street research on Julius Bär Gruppe highlights a mix of optimism and caution, with price targets spanning CHF 59 to CHF 78 and a range of ratings from Underweight to Buy.
VLRT
CHF 10.30
Valartis Group
7D
-3.7%
1Y
-12.0%
SQN
CHF 38.42
Swissquote Group Holding
7D
-3.0%
1Y
-12.5%
Narrative Update • Jun 17

SQN: Strong Trading Volumes And Stock Split Will Support Next Phase

Analysts have raised the Swissquote Group Holding price target to CHF 62.00 from CHF 42.50. This change reflects updated views on fair value, discount rate and growth assumptions, supported by research indicating that crypto headwinds are being offset by stronger trading volumes.
EFGN
CHF 16.36
EFG International
7D
-3.2%
1Y
13.1%
Narrative Update • Jun 05

EFGN: Future Upside Will Rely On Refined P E And Margin Expectations

Analysts have slightly reduced the fair value estimate for EFG International to CHF 19.30 from CHF 19.73, reflecting recent price target adjustments around CHF 18 and updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts still see room for the stock to trade above recent price targets, with the latest range clustering around CHF 18, which sits close to the updated fair value estimate of CHF 19.30.
CFT
CHF 312.50
Compagnie Financière Tradition
7D
0.2%
1Y
42.7%
GAM
CHF 0.067
GAM Holding
7D
-5.1%
1Y
-33.5%
ALPN
CHF 9.20
Alpine Select
7D
1.7%
1Y
23.5%
REALU
CHF 1.40
RealUnit Schweiz
7D
0.7%
1Y
13.8%
VZN
CHF 150.00
VZ Holding
7D
-0.7%
1Y
-9.6%