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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies17
  • 7D-2.0%
  • 3M10.4%
  • 1Y15.4%
  • YTD-8.0%

Over the last 7 days, the Capital Markets industry has dropped 2.0%, driven by a pullback from Partners Group Holding of 20%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026CHF 168.0bCHF 53.0bCHF 10.6b15.5x15.9x3.2x
Sat, 02 May 2026CHF 166.0bCHF 52.5bCHF 10.5b16.2x15.9x3.2x
Mon, 30 Mar 2026CHF 147.3bCHF 52.0bCHF 9.5b15x15.5x2.8x
Wed, 25 Feb 2026CHF 157.7bCHF 50.0bCHF 9.2b17.2x17.2x3.2x
Fri, 23 Jan 2026CHF 188.6bCHF 50.0bCHF 9.1b18.4x20.7x3.8x
Sun, 21 Dec 2025CHF 180.5bCHF 50.2bCHF 9.1b18.2x19.8x3.6x
Tue, 18 Nov 2025CHF 158.9bCHF 50.2bCHF 9.1b16.8x17.4x3.2x
Thu, 16 Oct 2025CHF 162.0bCHF 49.3bCHF 8.3b18.1x19.5x3.3x
Sat, 13 Sep 2025CHF 168.6bCHF 49.3bCHF 8.3b16.8x20.3x3.4x
Mon, 11 Aug 2025CHF 168.9bCHF 49.6bCHF 8.3b19.9x20.4x3.4x
Wed, 09 Jul 2025CHF 149.2bCHF 49.8bCHF 7.3b14.9x20.4x3x
Fri, 06 Jun 2025CHF 146.3bCHF 50.9bCHF 7.4b14.9x19.7x2.9x
Sun, 04 May 2025CHF 140.9bCHF 51.2bCHF 7.5b14.7x18.9x2.8x
Tue, 01 Apr 2025CHF 152.8bCHF 54.2bCHF 7.8b13.5x19.6x2.8x
Thu, 27 Feb 2025CHF 167.4bCHF 54.3bCHF 7.7b16.6x21.9x3.1x
Sat, 25 Jan 2025CHF 173.4bCHF 53.2bCHF 6.5b21.4x26.7x3.3x
Mon, 23 Dec 2024CHF 149.1bCHF 52.7bCHF 6.4b19.6x23.1x2.8x
Wed, 20 Nov 2024CHF 151.7bCHF 52.2bCHF 6.4b19.4x23.7x2.9x
Fri, 18 Oct 2024CHF 154.3bCHF 50.7bCHF 4.5b17.7x34.5x3x
Sun, 15 Sep 2024CHF 139.9bCHF 50.1bCHF 4.4b16x31.6x2.8x
Tue, 13 Aug 2024CHF 137.6bCHF 48.4bCHF 27.1b14.8x5.1x2.8x
Thu, 11 Jul 2024CHF 149.8bCHF 50.0bCHF 28.1b15.4x5.3x3x
Sat, 08 Jun 2024CHF 150.7bCHF 49.8bCHF 28.0b15x5.4x3x
Mon, 06 May 2024CHF 138.4bCHF 46.7bCHF 27.7b16.1x5x3x
Wed, 03 Apr 2024CHF 149.8bCHF 46.8bCHF 27.7b17.1x5.4x3.2x
Fri, 01 Mar 2024CHF 141.3bCHF 46.0bCHF 28.1b14.6x5x3.1x
Sun, 28 Jan 2024CHF 142.9bCHF 71.6bCHF 35.1b14.7x4.1x2x
Tue, 26 Dec 2023CHF 145.9bCHF 71.3bCHF 34.8b14.2x4.2x2x
Thu, 23 Nov 2023CHF 131.9bCHF 72.4bCHF 35.7b13.2x3.7x1.8x
Sat, 21 Oct 2023CHF 121.6bCHF 69.7bCHF 38.1b12.8x3.2x1.7x
Mon, 18 Sep 2023CHF 133.2bCHF 69.9bCHF 38.2b14x3.5x1.9x
Wed, 16 Aug 2023CHF 116.5bCHF 69.0bCHF 13.9b13.8x8.4x1.7x
Fri, 14 Jul 2023CHF 105.8bCHF 68.1bCHF 13.5b13.5x7.8x1.6x
Sun, 11 Jun 2023CHF 105.5bCHF 69.7bCHF 13.8b14x7.6x1.5x
Price to Earnings Ratio

7.6x


Total Market Cap: CHF 105.5bTotal Earnings: CHF 13.8bTotal Revenue: CHF 69.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 14.9x202420252026
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 14.9x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 8.6% per year over the last three years,
  • Revenues have also declined 8.7% 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-2.32%
Financials-2.68%
Capital Markets-2.02%
Diversified Capital Markets1.13%
Investment Banking and Brokerage-2.46%
Asset Management-8.92%
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 11.2%, 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 below its 3-year average of 17.8x.
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 82% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.5% 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 37.451.1%
+CHF 1.3b		38.9%PE15.8x
BAER Julius Bär GruppeCHF 64.720.7%
+CHF 94.3m		23.3%PE17.4x
CFT Compagnie Financière TraditionCHF 270.000.7%
+CHF 15.2m		22.7%PE15.3x
GAM GAM HoldingCHF 0.0699.9%
+CHF 6.7m		-31.4%PS1.5x

Latest News

UBSG
CHF 37.45
UBS Group
7D
1.1%
1Y
38.9%
PGHN
CHF 686.80
Partners Group Holding
7D
-19.6%
1Y
-36.8%
BAER
CHF 64.72
Julius Bär Gruppe
7D
0.7%
1Y
23.3%
Narrative Update • Jun 02

BAER: Future Returns Will Hinge On Execution As Profit Signals Improve

Analysts nudged the fair value estimate for Julius Bär Gruppe higher to CHF 69.41 from CHF 68.18, citing a series of increased price targets in the CHF 59 to CHF 78 range and updated assumptions that pair slightly softer revenue growth with a modestly higher profit margin outlook and an essentially unchanged forward P/E of about 14x. Analyst Commentary Recent research updates on Julius Bär Gruppe show a mix of constructive and cautious views, with several firms adjusting price targets within a relatively tight band and making rating changes around specific execution risks.
SQN
CHF 38.40
Swissquote Group Holding
7D
-3.6%
1Y
-21.2%
Narrative Update • Jun 02

SQN: Strong Trading Volumes And Premium P/E Will Support Future Upside

Analysts have raised their price target for Swissquote Group Holding to CHF 42.50 from CHF 39.50, citing updated assumptions around fair value, discount rate, growth, margins and expected future P/E, and noting that strong trading volumes are helping to offset near-term crypto headwinds. What's in the News Swissquote Group shares traded between 0.94% and 2.2% higher, closing at CHF 408.40 on the SIX exchange, alongside strong investor interest in its digital banking and trading platform.
CFT
CHF 270.00
Compagnie Financière Tradition
7D
0.7%
1Y
22.7%
GAM
CHF 0.069
GAM Holding
7D
9.9%
1Y
-31.4%
HAUTE
CHF 53.90
Haute Capital Partners
7D
-15.8%
1Y
-63.7%
ALPN
CHF 8.95
Alpine Select
7D
-5.3%
1Y
19.3%
EFGN
CHF 16.30
EFG International
7D
-0.9%
1Y
12.0%
LEON
CHF 14.36
Leonteq
7D
-3.2%
1Y
-19.5%
Narrative Update • May 03

LEON: Stable Outlook Will Balance Ownership Shift Governance Changes And Dividend Pause

Analysts have kept their CHF price target for Leonteq unchanged at CHF 14.10, reflecting stable assumptions around fair value, revenue growth, profit margin and future P/E expectations. What's in the News At the Annual General Meeting on April 1, 2026, shareholders approved changes to Leonteq AG's Articles of Association, indicating updated corporate bylaws and governance rules (Key Developments).
VZN
CHF 142.00
VZ Holding
7D
-4.4%
1Y
-18.7%
BBN
CHF 7.16
Bellevue Group
7D
-6.3%
1Y
-12.0%