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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies17
  • 7D7.5%
  • 3M25.6%
  • 1Y34.2%
  • YTD-1.0%

In the last week, the Capital Markets industry is up 7.5%, with UBS Group up 9.4%. This takes the industry's 12 month performance to a gain of 34%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026CHF 180.6bCHF 53.7bCHF 10.7b16.2x16.9x3.4x
Sun, 17 May 2026CHF 169.8bCHF 52.7bCHF 10.5b16x16.2x3.2x
Tue, 14 Apr 2026CHF 161.9bCHF 51.2bCHF 9.4b16.5x17.2x3.2x
Thu, 12 Mar 2026CHF 150.8bCHF 51.0bCHF 9.3b16.5x16.2x3x
Sat, 07 Feb 2026CHF 168.8bCHF 50.0bCHF 9.2b17.6x18.3x3.4x
Mon, 05 Jan 2026CHF 181.4bCHF 50.1bCHF 9.1b17.5x19.9x3.6x
Wed, 03 Dec 2025CHF 159.5bCHF 50.7bCHF 9.2b16.7x17.3x3.1x
Fri, 31 Oct 2025CHF 159.7bCHF 50.5bCHF 9.2b16.5x17.4x3.2x
Sun, 28 Sep 2025CHF 166.3bCHF 49.4bCHF 8.3b16.6x20x3.4x
Tue, 26 Aug 2025CHF 170.8bCHF 49.6bCHF 8.3b20.2x20.6x3.4x
Thu, 24 Jul 2025CHF 158.6bCHF 49.4bCHF 7.1b16.5x22.2x3.2x
Sat, 21 Jun 2025CHF 136.1bCHF 50.8bCHF 7.4b14.2x18.3x2.7x
Mon, 19 May 2025CHF 152.1bCHF 51.8bCHF 7.5b15.3x20.2x2.9x
Wed, 16 Apr 2025CHF 133.8bCHF 51.3bCHF 7.5b13.6x17.9x2.6x
Fri, 14 Mar 2025CHF 156.5bCHF 54.1bCHF 7.8b19.8x20.1x2.9x
Sun, 09 Feb 2025CHF 167.6bCHF 54.9bCHF 7.7b16.8x21.8x3.1x
Tue, 07 Jan 2025CHF 159.7bCHF 53.2bCHF 6.5b20.9x24.6x3x
Thu, 05 Dec 2024CHF 158.5bCHF 52.2bCHF 6.4b20.7x24.7x3x
Sat, 02 Nov 2024CHF 148.0bCHF 51.6bCHF 6.3b17.4x23.3x2.9x
Mon, 30 Sep 2024CHF 147.1bCHF 49.8bCHF 4.4b17.4x33.3x3x
Wed, 28 Aug 2024CHF 145.6bCHF 49.9bCHF 4.4b16.5x32.7x2.9x
Fri, 26 Jul 2024CHF 144.1bCHF 49.2bCHF 27.6b15.9x5.2x2.9x
Sun, 23 Jun 2024CHF 145.8bCHF 49.7bCHF 28.0b15.2x5.2x2.9x
Tue, 21 May 2024CHF 150.2bCHF 50.4bCHF 28.4b16.5x5.3x3x
Thu, 18 Apr 2024CHF 141.3bCHF 46.9bCHF 27.8b16.7x5.1x3x
Sat, 16 Mar 2024CHF 151.7bCHF 46.1bCHF 28.2b16.7x5.4x3.3x
Mon, 12 Feb 2024CHF 135.4bCHF 45.6bCHF 27.8b15.4x4.9x3x
Wed, 10 Jan 2024CHF 141.1bCHF 71.1bCHF 34.7b14.3x4.1x2x
Fri, 08 Dec 2023CHF 137.5bCHF 72.0bCHF 35.4b13.8x3.9x1.9x
Sun, 05 Nov 2023CHF 126.5bCHF 69.9bCHF 38.3b13.9x3.3x1.8x
Tue, 03 Oct 2023CHF 130.4bCHF 70.6bCHF 38.9b13.6x3.4x1.8x
Thu, 31 Aug 2023CHF 120.9bCHF 69.1bCHF 14.0b13.5x8.7x1.8x
Sat, 29 Jul 2023CHF 114.7bCHF 68.7bCHF 13.6b13.9x8.4x1.7x
Mon, 26 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 16.9x 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 3.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 8.1% per year over the last three years,
  • Revenues have also declined 8.2% 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 Market1.96%
Financials4.13%
Capital Markets7.51%
Diversified Capital Markets9.41%
Investment Banking and Brokerage4.55%
Asset Management3.32%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 14.7x.
    • Analysts are expecting annual earnings growth of 12.3%, which is lower than the prior year's growth of 81.5% 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 41.069.4%
+CHF 10.7b		65.8%PE17x
BAER Julius Bär GruppeCHF 66.384.7%
+CHF 615.0m		29.0%PE17.8x
PGHN Partners Group HoldingCHF 699.601.9%
+CHF 340.3m		-29.3%PE14.3x
EFGN EFG InternationalCHF 16.745.4%
+CHF 256.5m		18.4%PE16.2x
VZN VZ HoldingCHF 149.204.2%
+CHF 236.3m		-9.5%PE24.9x

Latest News

UBSG
CHF 41.06
UBS Group
7D
9.4%
1Y
65.8%
PGHN
CHF 699.60
Partners Group Holding
7D
1.9%
1Y
-29.3%
Narrative Update • Jun 18

PGHN: Future Returns Will Hinge On Managing Fund Liquidity And Execution Risks

The analyst price target for Partners Group Holding has been reduced from CHF 930 to CHF 760. This reflects updated views based on more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E, partially offset by higher expected profit margins.
BAER
CHF 66.38
Julius Bär Gruppe
7D
4.7%
1Y
29.0%
Narrative Update • Jun 18

BAER: Fairly Valued Shares Will Depend On Flow Recovery And Profit Execution

Analysts have nudged the fair value estimate for Julius Bär Gruppe slightly lower to CHF 69.35 from CHF 69.41, while recent Street research price targets ranging from CHF 59 to CHF 78 reflect differing views on how quickly flows and profitability might improve. Analyst Commentary Recent Street research on Julius Bär Gruppe highlights a mix of optimism and caution, with price targets spanning CHF 59 to CHF 78 and a range of ratings from Underweight to Buy.
VLRT
CHF 10.30
Valartis Group
7D
-3.7%
1Y
-12.0%
SQN
CHF 39.50
Swissquote Group Holding
7D
3.9%
1Y
-7.5%
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.
EFGN
CHF 16.74
EFG International
7D
5.4%
1Y
18.4%
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 71.60
Vontobel Holding
7D
1.4%
1Y
16.2%
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 309.00
Compagnie Financière Tradition
7D
6.2%
1Y
44.4%
GAM
CHF 0.063
GAM Holding
7D
-0.6%
1Y
-39.8%
HAUTE
CHF 57.90
Haute Capital Partners
7D
-0.3%
1Y
-61.3%
VZN
CHF 149.20
VZ Holding
7D
4.2%
1Y
-9.5%
BBN
CHF 7.16
Bellevue Group
7D
-2.7%
1Y
-0.6%