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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies17
  • 7D4.9%
  • 3M19.9%
  • 1Y28.5%
  • YTD-2.2%

In the last week, the Capital Markets industry is up 3.5%, with UBS Group up 6.0%. This takes the industry's 12 month performance to a gain of 26%. 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, 17 Jun 2026CHF 178.5bCHF 53.1bCHF 10.6b16.3x16.9x3.4x
Fri, 15 May 2026CHF 170.5bCHF 52.6bCHF 10.5b16.1x16.3x3.2x
Sun, 12 Apr 2026CHF 160.8bCHF 51.5bCHF 9.5b16.5x17x3.1x
Tue, 10 Mar 2026CHF 149.6bCHF 50.3bCHF 9.2b16.8x16.2x3x
Thu, 05 Feb 2026CHF 175.4bCHF 49.4bCHF 8.9b18.1x19.7x3.6x
Sat, 03 Jan 2026CHF 181.4bCHF 50.1bCHF 9.1b17.5x19.9x3.6x
Mon, 01 Dec 2025CHF 160.5bCHF 50.6bCHF 9.2b16.7x17.5x3.2x
Wed, 29 Oct 2025CHF 160.1bCHF 49.2bCHF 8.3b18.3x19.3x3.3x
Fri, 26 Sep 2025CHF 165.7bCHF 49.5bCHF 8.3b16.4x19.9x3.3x
Sun, 24 Aug 2025CHF 170.3bCHF 49.3bCHF 8.2b20.3x20.7x3.5x
Tue, 22 Jul 2025CHF 155.6bCHF 49.9bCHF 7.3b16x21.3x3.1x
Thu, 19 Jun 2025CHF 137.7bCHF 50.9bCHF 7.4b14.3x18.5x2.7x
Sat, 17 May 2025CHF 152.1bCHF 51.8bCHF 7.5b15.3x20.2x2.9x
Mon, 14 Apr 2025CHF 129.9bCHF 50.9bCHF 7.5b13.2x17.4x2.6x
Wed, 12 Mar 2025CHF 154.9bCHF 53.8bCHF 7.6b17.4x20.4x2.9x
Fri, 07 Feb 2025CHF 168.0bCHF 54.7bCHF 7.7b16.9x21.9x3.1x
Sun, 05 Jan 2025CHF 156.7bCHF 53.4bCHF 6.5b20.6x24x2.9x
Tue, 03 Dec 2024CHF 156.9bCHF 52.4bCHF 6.4b20.4x24.4x3x
Thu, 31 Oct 2024CHF 149.6bCHF 50.7bCHF 4.5b17.5x33.4x2.9x
Sat, 28 Sep 2024CHF 147.1bCHF 49.8bCHF 4.4b17.4x33.3x3x
Mon, 26 Aug 2024CHF 146.4bCHF 50.2bCHF 4.5b17.8x32.9x2.9x
Wed, 24 Jul 2024CHF 149.4bCHF 49.6bCHF 27.9b15.6x5.4x3x
Fri, 21 Jun 2024CHF 149.6bCHF 49.6bCHF 27.9b15.3x5.4x3x
Sun, 19 May 2024CHF 150.2bCHF 50.3bCHF 28.4b16.5x5.3x3x
Tue, 16 Apr 2024CHF 144.8bCHF 46.9bCHF 27.8b16.8x5.2x3.1x
Thu, 14 Mar 2024CHF 151.3bCHF 45.8bCHF 28.0b19.4x5.4x3.3x
Sat, 10 Feb 2024CHF 135.5bCHF 45.6bCHF 27.8b15.4x4.9x3x
Mon, 08 Jan 2024CHF 141.6bCHF 71.1bCHF 34.6b14.2x4.1x2x
Wed, 06 Dec 2023CHF 136.4bCHF 72.0bCHF 35.4b13.7x3.8x1.9x
Fri, 03 Nov 2023CHF 125.9bCHF 70.2bCHF 38.5b14x3.3x1.8x
Sun, 01 Oct 2023CHF 130.4bCHF 70.6bCHF 38.8b13.8x3.4x1.8x
Tue, 29 Aug 2023CHF 120.0bCHF 69.3bCHF 14.0b13.9x8.6x1.7x
Thu, 27 Jul 2023CHF 113.1bCHF 68.4bCHF 13.6b14.3x8.3x1.7x
Sat, 24 Jun 2023CHF 103.1bCHF 69.5bCHF 13.7b13.2x7.5x1.5x
Price to Earnings Ratio

7.5x


Total Market Cap: CHF 103.1bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15x202420252026
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 15.0x.
  • 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 8.3% per year over the last three years,
  • Revenues have also declined 8.5% 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 Market2.62%
Financials3.68%
Capital Markets4.94%
Investment Banking and Brokerage6.07%
Diversified Capital Markets5.96%
Asset Management2.23%
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 10.5%, which is higher than its past year's earnings growth of 8.0% 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 40.186.0%
+CHF 6.9b		55.5%PE16.9x
PGHN Partners Group HoldingCHF 715.801.8%
+CHF 330.0m		-29.4%PE14.6x
SQN Swissquote Group HoldingCHF 40.004.8%
+CHF 275.8m		-8.0%PE16.4x
BAER Julius Bär GruppeCHF 66.022.0%
+CHF 266.5m		26.5%PE17.7x
VZN VZ HoldingCHF 150.803.7%
+CHF 212.7m		-9.2%PE25.2x

Latest News

PGHN
CHF 715.80
Partners Group Holding
7D
1.8%
1Y
-29.4%
Analysis Article • 16h

Partners Group Holding (SWX:PGHN) Stock Could Be 5.1% Overvalued After Succession Planning Move

Partners Group Holding (SWX:PGHN) is back in focus after co founder Urs Wietlisbach moved to carve out an independent unit within PG3 AG as part of broader succession planning efforts. See our latest analysis for Partners Group Holding. The latest succession news arrives after a weak run for Partners Group Holding shares, with the year to date share price return down 30.64% and the 1 year total shareholder return down 25.86%. This indicates that momentum has been fading despite occasional...
BAER
CHF 66.02
Julius Bär Gruppe
7D
2.0%
1Y
26.5%
Analysis Article • Jun 16

Julius Baer (SWX:BAER) Stock Valuation After New Euro Senior Notes Issuance

Julius Bär Gruppe (SWX:BAER) recently issued €500 million of 5-year senior unsecured notes via Dutch vehicle ELM B.V., a funding move aimed at broadening access to euro liquidity and institutional investors. See our latest analysis for Julius Bär Gruppe. The stock has shown firm momentum recently, with a 2.04% 1 day share price return and 11.29% 90 day share price return, while the 1 year total shareholder return of 30.58% points to stronger gains for longer term holders. If the funding move...
UBSG
CHF 40.18
UBS Group
7D
6.0%
1Y
55.5%
EFGN
CHF 16.68
EFG International
7D
2.7%
1Y
18.8%
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.
VONN
CHF 72.20
Vontobel Holding
7D
2.4%
1Y
16.5%
Narrative Update • Jun 02

VONN: Neutral Outlook Will Depend On Discount Rate And Future P E

Analysts have kept their CHF price target for Vontobel Holding broadly unchanged at around CHF 68.75, making only small tweaks to inputs such as the discount rate and assumed future P/E to reflect updated views on the company’s risk profile and earnings power. What's in the News No recent company specific news items were identified from the provided sources for Vontobel Holding.
SQN
CHF 40.00
Swissquote Group Holding
7D
4.8%
1Y
-8.0%
Narrative Update • Jun 02

SQN: Strong Trading Volumes And Premium P/E Will Support Future Upside

Analysts have raised their price target for Swissquote Group Holding to CHF 42.50 from CHF 39.50, citing updated assumptions around fair value, discount rate, growth, margins and expected future P/E, and noting that strong trading volumes are helping to offset near-term crypto headwinds. What's in the News Swissquote Group shares traded between 0.94% and 2.2% higher, closing at CHF 408.40 on the SIX exchange, alongside strong investor interest in its digital banking and trading platform.
CFT
CHF 308.00
Compagnie Financière Tradition
7D
9.4%
1Y
42.6%
HAUTE
CHF 56.80
Haute Capital Partners
7D
-2.2%
1Y
-62.0%
REALU
CHF 1.39
RealUnit Schweiz
7D
-2.8%
1Y
12.1%
VZN
CHF 150.80
VZ Holding
7D
3.7%
1Y
-9.2%
BBN
CHF 7.14
Bellevue Group
7D
-1.4%
1Y
-1.4%