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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies17
  • 7D5.0%
  • 3M22.5%
  • 1Y30.0%
  • YTD-2.5%

Over the last 7 days, the Capital Markets industry has risen 5.0%, driven by gains from UBS Group of 5.9%. This means that the industry has gained 30% over the past year. 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
Thu, 18 Jun 2026CHF 177.9bCHF 53.4bCHF 10.6b16.3x16.7x3.3x
Sat, 16 May 2026CHF 169.8bCHF 52.7bCHF 10.5b16x16.2x3.2x
Mon, 13 Apr 2026CHF 160.8bCHF 51.5bCHF 9.5b16.5x17x3.1x
Wed, 11 Mar 2026CHF 152.6bCHF 50.7bCHF 9.2b17x16.5x3x
Fri, 06 Feb 2026CHF 168.8bCHF 50.0bCHF 9.2b17.4x18.3x3.4x
Sun, 04 Jan 2026CHF 181.4bCHF 50.1bCHF 9.1b17.5x19.9x3.6x
Tue, 02 Dec 2025CHF 159.7bCHF 50.6bCHF 9.2b16.7x17.4x3.2x
Thu, 30 Oct 2025CHF 159.2bCHF 49.5bCHF 8.3b18.5x19.1x3.2x
Sat, 27 Sep 2025CHF 166.3bCHF 49.4bCHF 8.3b16.6x20x3.4x
Mon, 25 Aug 2025CHF 170.3bCHF 49.3bCHF 8.2b20.3x20.7x3.5x
Wed, 23 Jul 2025CHF 156.2bCHF 49.4bCHF 7.1b16x21.9x3.2x
Fri, 20 Jun 2025CHF 135.4bCHF 50.7bCHF 7.4b14.3x18.3x2.7x
Sun, 18 May 2025CHF 152.1bCHF 51.8bCHF 7.5b15.3x20.2x2.9x
Tue, 15 Apr 2025CHF 133.1bCHF 50.8bCHF 7.4b13.4x17.9x2.6x
Thu, 13 Mar 2025CHF 157.2bCHF 54.0bCHF 7.8b17.5x20.2x2.9x
Sat, 08 Feb 2025CHF 167.6bCHF 55.0bCHF 7.7b16.8x21.8x3x
Mon, 06 Jan 2025CHF 156.7bCHF 53.4bCHF 6.5b20.6x24x2.9x
Wed, 04 Dec 2024CHF 158.2bCHF 52.3bCHF 6.4b20.5x24.7x3x
Fri, 01 Nov 2024CHF 149.6bCHF 51.3bCHF 6.3b17.5x23.7x2.9x
Sun, 29 Sep 2024CHF 147.1bCHF 49.8bCHF 4.4b17.4x33.3x3x
Tue, 27 Aug 2024CHF 146.3bCHF 50.2bCHF 4.5b17.8x32.8x2.9x
Thu, 25 Jul 2024CHF 147.1bCHF 49.4bCHF 27.7b15.6x5.3x3x
Sat, 22 Jun 2024CHF 145.8bCHF 49.7bCHF 28.0b15.2x5.2x2.9x
Mon, 20 May 2024CHF 150.2bCHF 50.3bCHF 28.4b16.5x5.3x3x
Wed, 17 Apr 2024CHF 144.8bCHF 47.0bCHF 27.9b16.8x5.2x3.1x
Fri, 15 Mar 2024CHF 150.7bCHF 46.0bCHF 28.1b18.8x5.4x3.3x
Sun, 11 Feb 2024CHF 135.4bCHF 45.6bCHF 27.8b15.4x4.9x3x
Tue, 09 Jan 2024CHF 142.1bCHF 71.0bCHF 34.5b14.3x4.1x2x
Thu, 07 Dec 2023CHF 137.8bCHF 72.0bCHF 35.4b13.7x3.9x1.9x
Sat, 04 Nov 2023CHF 126.5bCHF 69.9bCHF 38.3b13.9x3.3x1.8x
Mon, 02 Oct 2023CHF 130.4bCHF 70.6bCHF 38.8b13.8x3.4x1.8x
Wed, 30 Aug 2023CHF 120.9bCHF 69.2bCHF 14.0b13.7x8.6x1.7x
Fri, 28 Jul 2023CHF 113.1bCHF 68.2bCHF 13.5b14.3x8.4x1.7x
Sun, 25 Jun 2023CHF 103.1bCHF 69.4bCHF 13.7b13.2x7.5x1.5x
Price to Earnings Ratio

7.5x


Total Market Cap: CHF 103.1bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.4bTotal 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 8.2% per year over the last three years,
  • Revenues have also declined 8.3% 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 Market2.53%
Financials3.21%
Capital Markets4.97%
Investment Banking and Brokerage5.92%
Diversified Capital Markets5.88%
Asset Management2.58%
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 10.6%, 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 40.005.9%
+CHF 6.7b		58.7%PE16.7x
BAER Julius Bär GruppeCHF 65.903.4%
+CHF 442.8m		27.4%PE17.7x
SQN Swissquote Group HoldingCHF 39.604.8%
+CHF 272.8m		-8.3%PE16.2x
VZN VZ HoldingCHF 151.004.6%
+CHF 260.0m		-9.4%PE25.2x
EFGN EFG InternationalCHF 16.904.8%
+CHF 232.6m		19.9%PE16.4x

Latest News

VLRT
CHF 10.30
Valartis Group
7D
-3.7%
1Y
-12.0%
PGHN
CHF 713.80
Partners Group Holding
7D
0.9%
1Y
-29.6%
SQN
CHF 39.60
Swissquote Group Holding
7D
4.8%
1Y
-8.3%
Narrative Update • Jun 17

SQN: Strong Trading Volumes And Stock Split Will Support Next Phase

Analysts have raised the Swissquote Group Holding price target to CHF 62.00 from CHF 42.50. This change reflects updated views on fair value, discount rate and growth assumptions, supported by research indicating that crypto headwinds are being offset by stronger trading volumes.
BAER
CHF 65.90
Julius Bär Gruppe
7D
3.4%
1Y
27.4%
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 40.00
UBS Group
7D
5.9%
1Y
58.7%
VPBN
CHF 85.40
VP Bank
7D
-0.5%
1Y
7.8%
EFGN
CHF 16.90
EFG International
7D
4.8%
1Y
19.9%
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 72.40
Vontobel Holding
7D
2.5%
1Y
16.6%
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.
CFT
CHF 312.00
Compagnie Financière Tradition
7D
8.9%
1Y
45.8%
HAUTE
CHF 57.90
Haute Capital Partners
7D
-0.3%
1Y
-61.3%
VZN
CHF 151.00
VZ Holding
7D
4.6%
1Y
-9.4%
BBN
CHF 7.16
Bellevue Group
7D
-3.0%
1Y
-5.3%