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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies18
  • 7D-1.2%
  • 3M15.8%
  • 1Y17.4%
  • YTD1.9%

Over the last 7 days, the Capital Markets industry has dropped 1.2%, driven by Julius Bär Gruppe declining 4.3%. Over the past 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026CHF 190.1bCHF 55.7bCHF 11.9b13.8x16x3.4x
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
Price to Earnings Ratio

8.2x


Total Market Cap: CHF 111.8bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.4x202420252026
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 15.4x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 4.6% per year over the last three years,
  • Revenues have also declined 6.9% 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 Market-0.43%
Financials-0.86%
Capital Markets-1.23%
Investment Banking and Brokerage0.20%
Diversified Capital Markets-0.54%
Asset Management-3.20%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 15.1x.
    • Analysts are expecting annual earnings growth of 12.7%, which is lower than the prior year's growth of 81.5% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 21.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 82% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 7.7% 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 42.310.6%
+CHF 806.9m		39.4%PE17.6x
SQN Swissquote Group HoldingCHF 40.701.6%
+CHF 95.9m		-23.4%PE16.6x
LEON LeonteqCHF 16.709.9%
+CHF 26.6m		-10.5%PS1.9x
PGHN Partners Group HoldingCHF 677.000.03%
+CHF 5.2m		-39.6%PE13.8x
VLRT Valartis GroupCHF 12.0015.4%
+CHF 4.7m		0%PE4.7x

Latest News

VLRT
CHF 12.00
Valartis Group
7D
15.4%
1Y
0%
EFGN
CHF 15.98
EFG International
7D
-10.7%
1Y
1.3%
VONN
CHF 80.20
Vontobel Holding
7D
-0.5%
1Y
34.8%
BAER
CHF 70.56
Julius Bär Gruppe
7D
-4.3%
1Y
27.6%
LEON
CHF 16.70
Leonteq
7D
9.9%
1Y
-10.5%
HAUTE
CHF 54.40
Haute Capital Partners
7D
6.9%
1Y
-66.2%
PGHN
CHF 677.00
Partners Group Holding
7D
0.03%
1Y
-39.6%
Narrative Update • Jul 16

PGHN: Future P/E And Margin Resilience Seen Outweighing Evergreen Fund Gating Risks

Analysts have trimmed the fair value estimate for Partners Group Holding from about CHF 968 to about CHF 858, reflecting lower price targets and caution around near term earnings momentum and potential gating on mature evergreen funds, even as margin and future P/E assumptions remain relatively resilient. Analyst Commentary Recent Street research on Partners Group Holding points to a more cautious stance overall, with several firms reducing price targets and shifting ratings toward Neutral as they reassess earnings momentum and fund gating risks.
UBSG
CHF 42.31
UBS Group
7D
0.6%
1Y
39.4%
Narrative Update • Jul 15

UBSG: Future Returns Will Depend On Capital Rules And Execution Risks

UBS Group's analyst price target has been nudged higher, with the updated fair value estimate moving from CHF 40.57 to CHF 41.84 as analysts factor in recent target increases from several banks and modestly adjusted assumptions around revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on UBS Group shows a mix of optimism about upside potential and caution about execution risk, with price targets now clustering in the high CHF 30s to mid CHF 40s.
SQN
CHF 40.70
Swissquote Group Holding
7D
1.6%
1Y
-23.4%
Narrative Update • Jul 15

SQN: Strong Trading Volumes And Higher P/E Will Support Future Returns

Analysts have lifted their fair value estimate for Swissquote Group Holding to CHF 50.82 from CHF 49.21, citing updated assumptions on discount rates, slightly adjusted revenue growth and profit margin expectations, and a higher future P/E multiple that align with the latest Street research, including a recent UBS price target increase to CHF 42.50 and a rating move to Neutral. Analyst Commentary Recent research on Swissquote Group Holding highlights a mixed but more balanced stance, with analysts weighing near term crypto-related pressures against support from trading activity and revisiting valuation assumptions accordingly.
HBMN
CHF 250.00
HBM Healthcare Investments
7D
0.2%
1Y
50.4%
VPBN
CHF 93.30
VP Bank
7D
-1.2%
1Y
19.3%
CFT
CHF 305.50
Compagnie Financière Tradition
7D
-1.0%
1Y
30.0%
GAM
CHF 0.065
GAM Holding
7D
1.6%
1Y
-35.0%
VZN
CHF 160.20
VZ Holding
7D
-0.5%
1Y
-5.3%
BBN
CHF 7.06
Bellevue Group
7D
-2.2%
1Y
-10.4%
SQL
CHF 3.96
Matador Secondary Private Equity
7D
-2.0%
1Y
-10.4%