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Swiss (SMI) Asset Management Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.6%
  • 3M3.7%
  • 1Y-16.3%
  • YTDn/a

Over the last 7 days, the Asset Management industry has dropped 2.8%, driven by declines in Partners Group Holding and Julius Bär Gruppe of 2.9% and 4.6%, respectively. On the other hand Vontobel Holding is actually up 5.8%. Overall the industry is down 16% in 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Swiss Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026CHF 54.1bCHF 10.1bCHF 2.8b17.2x19.4x5.3x
Mon, 12 Jan 2026CHF 57.0bCHF 10.1bCHF 2.9b16.6x19.9x5.7x
Wed, 10 Dec 2025CHF 53.1bCHF 10.1bCHF 2.9b15.5x18.6x5.3x
Fri, 07 Nov 2025CHF 50.8bCHF 10.1bCHF 2.9b13.9x17.8x5.1x
Sun, 05 Oct 2025CHF 54.5bCHF 10.1bCHF 2.9b14.2x19x5.4x
Tue, 02 Sep 2025CHF 56.7bCHF 9.9bCHF 2.8b15.3x20.2x5.8x
Thu, 31 Jul 2025CHF 56.6bCHF 9.8bCHF 2.8b25.8x20.4x5.7x
Sat, 28 Jun 2025CHF 53.4bCHF 10.0bCHF 2.9b14.7x18.5x5.4x
Mon, 26 May 2025CHF 54.3bCHF 10.0bCHF 2.9b13.4x18.8x5.4x
Wed, 23 Apr 2025CHF 51.7bCHF 10.0bCHF 2.9b12.2x17.9x5.2x
Fri, 21 Mar 2025CHF 63.1bCHF 10.0bCHF 2.9b15.9x21.6x6.3x
Sun, 16 Feb 2025CHF 65.0bCHF 9.7bCHF 2.7b16.4x23.7x6.7x
Tue, 14 Jan 2025CHF 60.1bCHF 8.9bCHF 2.0b21x29.3x6.8x
Thu, 12 Dec 2024CHF 60.2bCHF 8.9bCHF 2.0b20.3x29.4x6.8x
Sat, 09 Nov 2024CHF 57.2bCHF 8.9bCHF 2.0b21x27.9x6.4x
Mon, 07 Oct 2024CHF 57.1bCHF 8.9bCHF 2.0b21x27.9x6.4x
Wed, 04 Sep 2024CHF 51.6bCHF 8.9bCHF 2.0b15.5x25.3x5.8x
Fri, 02 Aug 2024CHF 53.8bCHF 9.0bCHF 2.0b16.1x26.2x6x
Sun, 30 Jun 2024CHF 53.2bCHF 9.0bCHF 2.1b15.1x25.2x5.9x
Tue, 28 May 2024CHF 55.9bCHF 9.0bCHF 2.1b16.3x26.4x6.2x
Thu, 25 Apr 2024CHF 52.6bCHF 9.0bCHF 2.1b16.5x24.9x5.8x
Sat, 23 Mar 2024CHF 56.9bCHF 9.0bCHF 2.1b18.6x27x6.3x
Mon, 19 Feb 2024CHF 54.6bCHF 9.1bCHF 2.1b16x25.7x6x
Wed, 17 Jan 2024CHF 50.5bCHF 9.8bCHF 2.7b14.9x18.8x5.1x
Fri, 15 Dec 2023CHF 53.0bCHF 9.8bCHF 2.7b14.3x19.7x5.4x
Sun, 12 Nov 2023CHF 48.5bCHF 9.8bCHF 2.7b13.3x18x4.9x
Tue, 10 Oct 2023CHF 49.5bCHF 9.8bCHF 2.7b14.5x18.5x5x
Thu, 07 Sep 2023CHF 50.2bCHF 9.7bCHF 2.6b14.7x19.5x5.2x
Sat, 05 Aug 2023CHF 49.1bCHF 9.6bCHF 2.6b16.7x19.2x5.1x
Mon, 03 Jul 2023CHF 44.4bCHF 9.3bCHF 2.2b13.9x20x4.7x
Wed, 31 May 2023CHF 43.8bCHF 9.4bCHF 2.3b15.1x19.2x4.7x
Fri, 28 Apr 2023CHF 45.9bCHF 9.4bCHF 2.3b16.4x20.2x4.9x
Sun, 26 Mar 2023CHF 44.7bCHF 9.4bCHF 2.3b17.4x19.5x4.8x
Tue, 21 Feb 2023CHF 47.8bCHF 9.9bCHF 2.6b15x18.4x4.8x
Price to Earnings Ratio

18.4x


Total Market Cap: CHF 47.8bTotal Earnings: CHF 2.6bTotal Revenue: CHF 9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Asset Management Industry Price to Earnings3Y Average 21.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Swiss Asset Management and Custody 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 19.2x which is lower than its 3-year average PE of 21.9x.
  • The industry is trading close to its 3-year average PS ratio of 5.6x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 2.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Swiss Asset Management compare with similar industries?

CH Market0.57%
Financials-2.63%
Capital Markets-4.31%
Asset Management-2.62%
Investment Banking and Brokerage-4.84%
Diversified Capital Markets-5.17%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VONN Vontobel HoldingCHF 68.801.6%
+CHF 61.3m		3.1%PE13.7x
BBN Bellevue GroupCHF 11.052.3%
+CHF 3.3m		-23.0%PE76.6x

Latest News

VONN
CHF 68.80
Vontobel Holding
7D
1.6%
1Y
3.1%

Vontobel Holding (VTX:VONN) Is Due To Pay A Dividend Of CHF3.00

Feb 12
Vontobel Holding (VTX:VONN) Is Due To Pay A Dividend Of CHF3.00
BBN
CHF 11.05
Bellevue Group
7D
2.3%
1Y
-23.0%
EFGN
CHF 18.74
EFG International
7D
-3.3%
1Y
30.3%

EFGN: Future Returns Will Rely On Execution As Mixed Views Keep Shares Balanced

Analysts have raised their fair value estimate for EFG International from CHF 17.45 to about CHF 18.75, citing updated assumptions on revenue growth, profit margins and future P/E that reflect recent Street research, including changes in price targets and ratings. Analyst Commentary Recent Street research on EFG International has sent mixed signals, with some analysts lifting price targets while others are turning more cautious.
BAER
CHF 63.94
Julius Bär Gruppe
7D
-4.3%
1Y
7.8%

BAER: Future Returns Will Depend On Steady Execution And Abu Dhabi Expansion

Analysts have inched their average price target for Julius Bär Gruppe higher by roughly CHF 2 as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, following a series of recent target tweaks from major banks. Analyst Commentary Recent target moves for Julius Bär Gruppe show a cluster of upward revisions, with only one modest reduction in the period.
PGHN
CHF 948.00
Partners Group Holding
7D
-2.1%
1Y
-33.4%

PGHN: Hospitality And Private Markets Expansion Will Support Future Upside Potential

Analysts have lifted their price target on Partners Group Holding by CHF 80, reflecting updated assumptions for slightly higher revenue growth, a modestly lower discount rate, and a somewhat reduced future P/E multiple, while keeping fair value broadly unchanged at CHF 1,400. Analyst Commentary Recent research points to a constructive tone around Partners Group Holding, with price target adjustments framed around refined assumptions on revenue, discount rates, and future valuation multiples, rather than a shift in the CHF 1,400 fair value anchor.
VPBN
CHF 85.40
VP Bank
7D
-0.7%
1Y
6.8%
HAUTE
CHF 124.50
Haute Capital Partners
7D
-2.6%
1Y
-6.4%
GAM
CHF 0.12
GAM Holding
7D
-1.2%
1Y
26.3%
VZN
CHF 143.80
VZ Holding
7D
-3.5%
1Y
-9.8%

What VZ Holding AG's (VTX:VZN) P/E Is Not Telling You

Nov 14
What VZ Holding AG's (VTX:VZN) P/E Is Not Telling You
SQL
CHF 4.20
Matador Partners Group
7D
-1.2%
1Y
n/a