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Swiss (SMI) Capital Markets Industry Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies17
  • 7D0.2%
  • 3M15.1%
  • 1Y17.7%
  • YTD8.8%

Over the last 7 days, the Capital Markets industry has remained flat. The past year has been better, since the industry has gained 18% in that time. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025CHF 169.7bCHF 49.4bCHF 8.3b17.2x20.5x3.4x
Sat, 26 Jul 2025CHF 159.7bCHF 49.6bCHF 7.2b15.7x22.2x3.2x
Mon, 23 Jun 2025CHF 136.0bCHF 50.8bCHF 7.4b14.2x18.3x2.7x
Wed, 21 May 2025CHF 149.5bCHF 51.4bCHF 7.5b15.5x20x2.9x
Fri, 18 Apr 2025CHF 132.3bCHF 51.1bCHF 7.5b14.1x17.7x2.6x
Sun, 16 Mar 2025CHF 160.4bCHF 54.2bCHF 7.8b17.3x20.6x3x
Tue, 11 Feb 2025CHF 168.0bCHF 55.0bCHF 7.7b17x21.8x3.1x
Thu, 09 Jan 2025CHF 161.9bCHF 53.5bCHF 6.5b20.4x24.8x3x
Sat, 07 Dec 2024CHF 158.8bCHF 51.9bCHF 6.4b20.8x24.9x3.1x
Mon, 04 Nov 2024CHF 148.0bCHF 51.6bCHF 6.3b17.4x23.3x2.9x
Wed, 02 Oct 2024CHF 146.4bCHF 50.2bCHF 4.4b17.6x33.3x2.9x
Fri, 30 Aug 2024CHF 144.9bCHF 50.1bCHF 4.5b16.4x32.5x2.9x
Sun, 28 Jul 2024CHF 145.5bCHF 49.2bCHF 27.6b16.4x5.3x3x
Tue, 25 Jun 2024CHF 147.6bCHF 49.7bCHF 28.0b15.8x5.3x3x
Thu, 23 May 2024CHF 150.7bCHF 50.7bCHF 28.6b16.6x5.3x3x
Sat, 20 Apr 2024CHF 140.9bCHF 46.9bCHF 27.9b16.4x5.1x3x
Mon, 18 Mar 2024CHF 151.7bCHF 46.1bCHF 28.2b16.7x5.4x3.3x
Wed, 14 Feb 2024CHF 134.9bCHF 46.1bCHF 28.2b15.5x4.8x2.9x
Fri, 12 Jan 2024CHF 139.7bCHF 71.2bCHF 34.7b14.5x4x2x
Sun, 10 Dec 2023CHF 139.4bCHF 72.2bCHF 35.5b13.9x3.9x1.9x
Tue, 07 Nov 2023CHF 125.7bCHF 69.9bCHF 38.2b12.7x3.3x1.8x
Thu, 05 Oct 2023CHF 128.9bCHF 70.5bCHF 38.9b13.4x3.3x1.8x
Sat, 02 Sep 2023CHF 131.0bCHF 69.3bCHF 37.7b13.6x3.5x1.9x
Mon, 31 Jul 2023CHF 114.7bCHF 68.8bCHF 13.6b13.9x8.4x1.7x
Wed, 28 Jun 2023CHF 50.1bCHF 39.1bCHF 7.9b13.2x6.4x1.3x
Fri, 26 May 2023CHF 104.2bCHF 69.7bCHF 13.9b14.7x7.5x1.5x
Sun, 23 Apr 2023CHF 109.5bCHF 56.0bCHF 2.0b15.3x53.6x2x
Tue, 21 Mar 2023CHF 103.3bCHF 57.7bCHF 2.6b14.3x39.5x1.8x
Thu, 16 Feb 2023CHF 125.6bCHF 58.0bCHF 2.6b14.6x48.4x2.2x
Sat, 14 Jan 2023CHF 122.4bCHF 60.0bCHF 1.8b14.5x69.6x2x
Mon, 12 Dec 2022CHF 114.7bCHF 60.2bCHF 1.8b13x64.2x1.9x
Wed, 09 Nov 2022CHF 109.8bCHF 62.2bCHF 2.2b10.9x49x1.8x
Fri, 07 Oct 2022CHF 103.0bCHF 64.9bCHF 7.2b9.9x14.3x1.6x
Sun, 04 Sep 2022CHF 112.7bCHF 64.6bCHF 7.2b10.3x15.6x1.7x
Price to Earnings Ratio

15.6x


Total Market Cap: CHF 112.7bTotal Earnings: CHF 7.2bTotal Revenue: CHF 64.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 20.7x202320242025
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 20.7x.
  • The 3-year average PS ratio of 2.4x 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 grown 4.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Financials industry?

CH Market-0.40%
Financials-0.68%
Capital Markets0.18%
Investment Banking and Brokerage1.03%
Diversified Capital Markets0.47%
Asset Management-0.47%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 21.4% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 231% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 9.1% 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 32.341.3%
+CHF 1.4b		23.2%PE20.3x
VZN VZ HoldingCHF 178.201.9%
+CHF 134.1m		40.1%PE30.9x
BAER Julius Bär GruppeCHF 58.780.6%
+CHF 69.7m		17.8%PE13.9x
CFT Compagnie Financière TraditionCHF 258.003.6%
+CHF 69.5m		70.3%PE17.2x
VONN Vontobel HoldingCHF 61.501.2%
+CHF 39.4m		10.6%PE13.8x

Latest News

VPBN
CHF 85.20
VP Bank
7D
3.4%
1Y
11.5%
UBSG
CHF 32.34
UBS Group
7D
1.3%
1Y
23.2%

Global Banking Integration And Digital Transformation Will Improve Efficiency

The consensus analyst price target for UBS Group has been modestly raised to CHF31.91 as growing confidence in medium-term earnings expansion offsets caution around capital return policies and regulatory headwinds. Analyst Commentary Bullish analysts expect UBS's earnings to continue expanding until at least 2028.
LEON
CHF 16.00
Leonteq
7D
-7.8%
1Y
-42.3%

Digital Transformation And Compliance Resolution Will Unlock New Markets

Despite slightly improved revenue growth forecasts and a modest decline in the future P/E ratio, analysts have lowered Leonteq’s consensus price target from CHF20.50 to CHF19.25. What's in the News Leonteq approved significant changes to its Articles of Association and a substantial reduction in maximum executive committee compensation for 2026.
CFT
CHF 258.00
Compagnie Financière Tradition
7D
3.6%
1Y
70.3%

Investors Don't See Light At End Of Compagnie Financière Tradition SA's (VTX:CFT) Tunnel

Aug 22
Investors Don't See Light At End Of Compagnie Financière Tradition SA's (VTX:CFT) Tunnel
VZN
CHF 178.20
VZ Holding
7D
1.9%
1Y
40.1%
SQN
CHF 527.00
Swissquote Group Holding
7D
-0.6%
1Y
74.5%

Interest Rate Cuts And European Competition Will Pressure Profits Yet AI Investments Will Sustain Performance

Upward revisions to Swissquote’s revenue growth forecast and expansion of its future P/E multiple have driven the consensus analyst price target higher from CHF396.86 to CHF424.75. Valuation Changes Summary of Valuation Changes for Swissquote Group Holding The Consensus Analyst Price Target has risen from CHF396.86 to CHF424.75.
VONN
CHF 61.50
Vontobel Holding
7D
1.2%
1Y
10.6%
PGHN
CHF 1,113.50
Partners Group Holding
7D
-0.04%
1Y
-7.6%
EFGN
CHF 15.92
EFG International
7D
-0.7%
1Y
30.7%
BAER
CHF 58.78
Julius Bär Gruppe
7D
0.6%
1Y
17.8%
ALPN
CHF 8.45
Alpine Select
7D
3.0%
1Y
10.5%
AIRE
CHF 0.023
Airesis
7D
-8.0%
1Y
-94.7%
SQL
CHF 4.16
Matador Partners Group
7D
-2.1%
1Y
1.5%
HAUTE
CHF 163.90
Haute Capital Partners
7D
1.2%
1Y
36.4%