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Swiss (SMI) Capital Markets Industry Analysis

UpdatedAug 15, 2026
DataAggregated Company Financials
Companies18
  • 7D0.1%
  • 3M13.3%
  • 1Y17.6%
  • YTD5.5%

The Capital Markets is pretty flat in the last 7 days, but VZ Holding has stood out, gaining 8.4%. As for the the longer term, the industry is up 17% over the past 12 months. 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
Sat, 15 Aug 2026CHF 195.3bCHF 56.9bCHF 12.2b14.9x16x3.4x
Mon, 13 Jul 2026CHF 187.4bCHF 54.1bCHF 11.0b16.2x17.1x3.5x
Wed, 10 Jun 2026CHF 170.1bCHF 53.3bCHF 10.6b15.7x16x3.2x
Fri, 08 May 2026CHF 167.6bCHF 52.3bCHF 10.4b16.4x16.1x3.2x
Sun, 05 Apr 2026CHF 155.9bCHF 52.1bCHF 9.6b15.8x16.3x3x
Tue, 03 Mar 2026CHF 159.3bCHF 49.8bCHF 9.2b17.6x17.4x3.2x
Thu, 29 Jan 2026CHF 183.3bCHF 49.0bCHF 8.9b18.1x20.5x3.7x
Sat, 27 Dec 2025CHF 181.3bCHF 49.8bCHF 9.1b17.4x20x3.6x
Mon, 24 Nov 2025CHF 154.8bCHF 50.8bCHF 9.2b15.9x16.8x3x
Wed, 22 Oct 2025CHF 157.2bCHF 49.3bCHF 8.3b18x19x3.2x
Fri, 19 Sep 2025CHF 170.2bCHF 49.2bCHF 8.3b16.7x20.5x3.5x
Sun, 17 Aug 2025CHF 168.4bCHF 49.5bCHF 8.3b20.2x20.4x3.4x
Tue, 15 Jul 2025CHF 151.7bCHF 49.9bCHF 7.3b15.5x20.7x3x
Thu, 12 Jun 2025CHF 145.6bCHF 50.9bCHF 7.4b14.7x19.6x2.9x
Sat, 10 May 2025CHF 144.1bCHF 51.4bCHF 7.5b15.2x19.3x2.8x
Mon, 07 Apr 2025CHF 132.6bCHF 53.1bCHF 7.7b12.8x17.2x2.5x
Wed, 05 Mar 2025CHF 160.4bCHF 54.2bCHF 7.6b19.2x21x3x
Fri, 31 Jan 2025CHF 174.7bCHF 53.4bCHF 6.5b21x26.8x3.3x
Sun, 29 Dec 2024CHF 153.5bCHF 53.1bCHF 6.5b20.3x23.6x2.9x
Tue, 26 Nov 2024CHF 154.9bCHF 52.4bCHF 6.4b19.5x24.1x3x
Thu, 24 Oct 2024CHF 152.4bCHF 50.7bCHF 4.5b17.5x34.1x3x
Sat, 21 Sep 2024CHF 142.4bCHF 50.3bCHF 4.4b17.6x32.1x2.8x
Mon, 19 Aug 2024CHF 145.0bCHF 51.1bCHF 4.5b17.7x32.1x2.8x
Wed, 17 Jul 2024CHF 151.1bCHF 49.7bCHF 28.0b15.9x5.4x3x
Fri, 14 Jun 2024CHF 149.9bCHF 49.7bCHF 28.0b14.7x5.4x3x
Sun, 12 May 2024CHF 148.5bCHF 50.3bCHF 28.3b17.3x5.2x3x
Tue, 09 Apr 2024CHF 152.0bCHF 46.7bCHF 27.6b17.3x5.5x3.3x
Thu, 07 Mar 2024CHF 143.1bCHF 45.9bCHF 28.1b16.4x5.1x3.1x
Sat, 03 Feb 2024CHF 143.5bCHF 70.9bCHF 34.6b15x4.2x2x
Mon, 01 Jan 2024CHF 144.9bCHF 70.8bCHF 34.4b14.4x4.2x2x
Wed, 29 Nov 2023CHF 131.3bCHF 72.1bCHF 35.4b13x3.7x1.8x
Fri, 27 Oct 2023CHF 122.7bCHF 70.0bCHF 38.3b13x3.2x1.8x
Sun, 24 Sep 2023CHF 131.4bCHF 70.2bCHF 38.6b13.8x3.4x1.9x
Tue, 22 Aug 2023CHF 114.8bCHF 68.3bCHF 13.9b13.9x8.2x1.7x
Price to Earnings Ratio

8.2x


Total Market Cap: CHF 114.8bTotal Earnings: CHF 13.9bTotal Revenue: CHF 68.3bTotal 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 4.5% per year over the last three years,
  • Revenues have also declined 6.3% 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 Market-0.85%
Financials-0.17%
Capital Markets0.095%
Asset Management1.44%
Diversified Capital Markets0.21%
Investment Banking and Brokerage-10.07%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 15.3x.
    • Analysts are expecting annual earnings growth of 12.5%, 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 Investment Banking and Brokerage industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 7.2% 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
VZN VZ HoldingCHF 175.408.4%
+CHF 535.0m		3.3%PE29.3x
UBSG UBS GroupCHF 43.550.2%
+CHF 275.6m		35.1%PE17.2x
BAER Julius Bär GruppeCHF 75.800.9%
+CHF 131.7m		31.5%PE13.7x
VONN Vontobel HoldingCHF 89.802.5%
+CHF 123.8m		48.9%PE13.3x
EFGN EFG InternationalCHF 17.222.1%
+CHF 110.4m		8.8%PE19.5x

Latest News

VZN
CHF 175.40
VZ Holding
7D
8.4%
1Y
3.3%
SQN
CHF 37.54
Swissquote Group Holding
7D
-12.7%
1Y
-28.5%
PGHN
CHF 727.40
Partners Group Holding
7D
-0.7%
1Y
-34.2%
Narrative Update • Aug 13

PGHN: AI And Private Markets Platform Will Support Future Upside

The analyst fair value estimate for Partners Group Holding has been revised from approximately CHF 1,300 to about CHF 1,043, with analysts pointing to lower price targets across several banks and concerns around valuation, negative EPS momentum, and the pace of the Evergreen reset. Analyst Commentary Recent Street research on Partners Group Holding points to a more cautious tone on the stock, with several firms revising ratings and price targets.
UBSG
CHF 43.55
UBS Group
7D
0.2%
1Y
35.1%
Narrative Update • Aug 12

UBSG: Future Returns Will Hinge On Execution And Compliance Risks

Analysts have raised the fair value estimate for UBS Group to CHF 44.11 from CHF 41.84. This change reflects a series of higher price targets in the CHF 40 to CHF 45 range as they incorporate updated assumptions on profitability, valuation multiples and risk.
GAM
CHF 0.08
GAM Holding
7D
-3.9%
1Y
-20.4%
LEON
CHF 18.82
Leonteq
7D
11.4%
1Y
3.2%
Narrative Update • Jul 29

LEON: Strengthened Compliance Progress Will Support Profitable But Muted Future Re Rating

Analysts have reduced their price target for Leonteq from CHF 19.00 to CHF 16.50, citing updated assumptions for revenue growth, profit margins and future P/E expectations. What’s in the News for Leonteq Leonteq reported that the Swiss Financial Market Supervisory Authority FINMA has confirmed all measures ordered after the 2024 enforcement proceedings have been fully addressed.
VONN
CHF 89.80
Vontobel Holding
7D
2.5%
1Y
48.9%
BBN
CHF 7.24
Bellevue Group
7D
-2.7%
1Y
-9.3%
EFGN
CHF 17.22
EFG International
7D
2.1%
1Y
8.8%
BAER
CHF 75.80
Julius Bär Gruppe
7D
0.9%
1Y
31.5%
HBMN
CHF 249.50
HBM Healthcare Investments
7D
0.2%
1Y
42.1%
CFT
CHF 267.50
Compagnie Financière Tradition
7D
-2.2%
1Y
8.7%
REALU
CHF 1.36
RealUnit Schweiz
7D
-1.4%
1Y
10.6%
SQL
CHF 3.86
Matador Secondary Private Equity
7D
1.0%
1Y
-7.2%