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Swiss (SMI) Capital Markets Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies18
  • 7D-1.6%
  • 3M9.0%
  • 1Y16.1%
  • YTD4.0%

Over the last 7 days, the Capital Markets industry has dropped 1.6%, driven by UBS Group declining 1.8%. In contrast, VZ Holding has gained 6.5%. Over the past 12 months, the industry was up 16%. 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
Fri, 21 Aug 2026CHF 192.5bCHF 56.0bCHF 12.1b14.7x16x3.4x
Sun, 19 Jul 2026CHF 192.3bCHF 54.1bCHF 11.0b16.5x17.5x3.6x
Tue, 16 Jun 2026CHF 176.2bCHF 53.2bCHF 10.6b16.2x16.7x3.3x
Thu, 14 May 2026CHF 170.5bCHF 52.5bCHF 10.5b16.1x16.3x3.2x
Sat, 11 Apr 2026CHF 160.8bCHF 51.5bCHF 9.5b16.5x17x3.1x
Mon, 09 Mar 2026CHF 151.0bCHF 50.2bCHF 9.2b16.9x16.4x3x
Wed, 04 Feb 2026CHF 182.4bCHF 49.2bCHF 9.0b17.9x20.3x3.7x
Fri, 02 Jan 2026CHF 181.4bCHF 50.1bCHF 9.1b17.5x19.9x3.6x
Sun, 30 Nov 2025CHF 160.5bCHF 50.6bCHF 9.2b16.7x17.5x3.2x
Tue, 28 Oct 2025CHF 160.0bCHF 49.3bCHF 8.3b18.2x19.3x3.2x
Thu, 25 Sep 2025CHF 169.3bCHF 49.3bCHF 8.3b16.7x20.4x3.4x
Sat, 23 Aug 2025CHF 170.3bCHF 49.3bCHF 8.2b20.3x20.7x3.5x
Mon, 21 Jul 2025CHF 155.6bCHF 50.0bCHF 7.3b15.9x21.2x3.1x
Wed, 18 Jun 2025CHF 139.7bCHF 50.7bCHF 7.4b14.4x18.9x2.8x
Fri, 16 May 2025CHF 152.5bCHF 51.6bCHF 7.5b15.3x20.3x3x
Sun, 13 Apr 2025CHF 129.9bCHF 50.9bCHF 7.5b13.2x17.4x2.6x
Tue, 11 Mar 2025CHF 158.2bCHF 53.7bCHF 7.6b18.4x20.8x2.9x
Thu, 06 Feb 2025CHF 164.1bCHF 54.5bCHF 7.6b16.8x21.5x3x
Sat, 04 Jan 2025CHF 156.7bCHF 53.5bCHF 6.5b20.6x24x2.9x
Mon, 02 Dec 2024CHF 156.4bCHF 52.1bCHF 6.4b20.1x24.5x3x
Wed, 30 Oct 2024CHF 154.7bCHF 50.8bCHF 4.5b17.7x34.6x3x
Fri, 27 Sep 2024CHF 146.7bCHF 50.0bCHF 4.4b18.1x33.1x2.9x
Sun, 25 Aug 2024CHF 146.4bCHF 50.2bCHF 4.5b17.8x32.9x2.9x
Tue, 23 Jul 2024CHF 148.6bCHF 49.5bCHF 27.9b15.6x5.3x3x
Thu, 20 Jun 2024CHF 147.6bCHF 49.3bCHF 27.7b15.3x5.3x3x
Sat, 18 May 2024CHF 150.2bCHF 50.3bCHF 28.4b16.5x5.3x3x
Mon, 15 Apr 2024CHF 145.3bCHF 47.0bCHF 27.9b16.7x5.2x3.1x
Wed, 13 Mar 2024CHF 150.6bCHF 45.8bCHF 28.0b19.3x5.4x3.3x
Fri, 09 Feb 2024CHF 134.4bCHF 45.3bCHF 27.7b15x4.8x3x
Sun, 07 Jan 2024CHF 141.6bCHF 71.1bCHF 34.6b14.2x4.1x2x
Tue, 05 Dec 2023CHF 137.5bCHF 71.9bCHF 35.3b13.5x3.9x1.9x
Thu, 02 Nov 2023CHF 122.4bCHF 70.3bCHF 38.7b13.4x3.2x1.7x
Sat, 30 Sep 2023CHF 130.4bCHF 70.5bCHF 38.8b13.8x3.4x1.9x
Mon, 28 Aug 2023CHF 118.6bCHF 69.3bCHF 14.0b13.8x8.5x1.7x
Price to Earnings Ratio

8.5x


Total Market Cap: CHF 118.6bTotal Earnings: CHF 14.0bTotal Revenue: CHF 69.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.5x202420252026
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 15.5x.
  • 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 4.9% per year over the last three years,
  • Revenues have also declined 6.8% 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-0.71%
Financials-0.66%
Capital Markets-1.61%
Asset Management-0.01%
Diversified Capital Markets-1.76%
Investment Banking and Brokerage-9.35%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 51.5% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 21.5x.
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 52% 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
VZN VZ HoldingCHF 173.406.5%
+CHF 416.9m		-2.7%PE26.7x
SQN Swissquote Group HoldingCHF 38.624.9%
+CHF 272.8m		-26.9%PE16x
LEON LeonteqCHF 21.3521.9%
+CHF 67.8m		26.6%PS2.4x
VONN Vontobel HoldingCHF 90.000.6%
+CHF 28.1m		47.1%PE13.3x
REALU RealUnit SchweizCHF 1.381.5%
+CHF 661.9k		11.3%PE5.9x

Latest News

LEON
CHF 21.35
Leonteq
7D
21.9%
1Y
26.6%
PGHN
CHF 716.40
Partners Group Holding
7D
-1.0%
1Y
-35.2%
UBSG
CHF 42.72
UBS Group
7D
-1.8%
1Y
34.0%
SQN
CHF 38.62
Swissquote Group Holding
7D
4.9%
1Y
-26.9%
Narrative Update • Aug 18

SQN: Post Earnings Reset And Trading Volumes Will Drive Next Phase

Analysts have trimmed their fair value estimate for Swissquote Group Holding from CHF 62.00 to CHF 60.00, reflecting slightly lower revenue growth assumptions and a reduced future P/E. They still point to supportive recent upgrades that focus on valuation and perceived risk or reward after the post earnings share price reaction.
VZN
CHF 173.40
VZ Holding
7D
6.5%
1Y
-2.7%
VONN
CHF 90.00
Vontobel Holding
7D
0.6%
1Y
47.1%
VLRT
CHF 10.70
Valartis Group
7D
-10.8%
1Y
-11.6%
EFGN
CHF 16.38
EFG International
7D
-2.8%
1Y
1.6%
BAER
CHF 74.80
Julius Bär Gruppe
7D
-0.2%
1Y
27.7%
ALPN
CHF 9.10
Alpine Select
7D
-3.2%
1Y
11.0%
HBMN
CHF 243.50
HBM Healthcare Investments
7D
-1.8%
1Y
40.1%
CFT
CHF 264.00
Compagnie Financière Tradition
7D
-1.5%
1Y
3.9%
NBEN
CHF 6.55
nebag ag
7D
0.8%
1Y
7.4%
EEII
CHF 1.04
EEII
7D
1.0%
1Y
-41.6%