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Swiss (SMI) Capital Markets Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies17
  • 7D1.3%
  • 3M10.2%
  • 1Y19.6%
  • YTD-5.1%

In the last week, the Capital Markets industry is up 1.3%, with UBS Group up 3.5%. This takes the industry's 12 month performance to a gain of 20%. 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, 28 May 2026CHF 173.2bCHF 52.7bCHF 10.5b16x16.5x3.3x
Sat, 25 Apr 2026CHF 160.6bCHF 51.3bCHF 9.4b16.3x17x3.1x
Mon, 23 Mar 2026CHF 145.4bCHF 51.5bCHF 9.5b14.8x15.4x2.8x
Wed, 18 Feb 2026CHF 162.9bCHF 49.8bCHF 9.2b16.8x17.7x3.3x
Fri, 16 Jan 2026CHF 190.0bCHF 50.6bCHF 9.2b18.7x20.7x3.8x
Sun, 14 Dec 2025CHF 171.3bCHF 50.3bCHF 9.1b17.4x18.7x3.4x
Tue, 11 Nov 2025CHF 159.1bCHF 50.7bCHF 9.2b16.5x17.3x3.1x
Thu, 09 Oct 2025CHF 168.7bCHF 49.6bCHF 8.3b19.2x20.2x3.4x
Sat, 06 Sep 2025CHF 167.4bCHF 49.4bCHF 8.3b16.4x20.1x3.4x
Mon, 04 Aug 2025CHF 162.4bCHF 49.4bCHF 8.2b19.1x19.7x3.3x
Wed, 02 Jul 2025CHF 144.5bCHF 49.6bCHF 7.3b14.6x19.8x2.9x
Fri, 30 May 2025CHF 144.8bCHF 51.0bCHF 7.4b14.8x19.4x2.8x
Sun, 27 Apr 2025CHF 137.2bCHF 51.5bCHF 7.5b14.3x18.3x2.7x
Tue, 25 Mar 2025CHF 163.4bCHF 54.2bCHF 7.8b14.4x20.9x3x
Thu, 20 Feb 2025CHF 170.9bCHF 54.7bCHF 7.7b16.4x22.2x3.1x
Sat, 18 Jan 2025CHF 168.3bCHF 53.7bCHF 6.5b21.2x25.7x3.1x
Mon, 16 Dec 2024CHF 156.3bCHF 52.7bCHF 6.4b19.8x24.3x3x
Wed, 13 Nov 2024CHF 153.2bCHF 52.1bCHF 6.4b19.8x23.9x2.9x
Fri, 11 Oct 2024CHF 149.6bCHF 50.3bCHF 4.5b17.4x33.6x3x
Sun, 08 Sep 2024CHF 134.1bCHF 49.9bCHF 4.4b15.8x30.3x2.7x
Tue, 06 Aug 2024CHF 131.7bCHF 47.9bCHF 26.7b14.7x4.9x2.7x
Thu, 04 Jul 2024CHF 148.1bCHF 50.0bCHF 28.2b15.5x5.3x3x
Sat, 01 Jun 2024CHF 152.0bCHF 50.1bCHF 28.2b15.7x5.4x3x
Mon, 29 Apr 2024CHF 138.6bCHF 47.0bCHF 27.9b16.5x5x2.9x
Wed, 27 Mar 2024CHF 152.5bCHF 46.8bCHF 28.7b17.4x5.3x3.3x
Fri, 23 Feb 2024CHF 138.7bCHF 45.9bCHF 28.0b15.2x4.9x3x
Sun, 21 Jan 2024CHF 138.7bCHF 71.8bCHF 35.2b13.9x3.9x1.9x
Tue, 19 Dec 2023CHF 143.2bCHF 71.8bCHF 35.2b14.2x4.1x2x
Thu, 16 Nov 2023CHF 131.1bCHF 72.5bCHF 35.8b13.1x3.7x1.8x
Sat, 14 Oct 2023CHF 127.7bCHF 70.0bCHF 38.4b12.9x3.3x1.8x
Mon, 11 Sep 2023CHF 130.1bCHF 69.8bCHF 38.1b13.5x3.4x1.9x
Wed, 09 Aug 2023CHF 112.9bCHF 69.0bCHF 13.9b14.4x8.1x1.6x
Fri, 07 Jul 2023CHF 100.8bCHF 69.4bCHF 13.7b13.1x7.3x1.5x
Sun, 04 Jun 2023CHF 105.5bCHF 69.8bCHF 13.9b14.7x7.6x1.5x
Price to Earnings Ratio

7.6x


Total Market Cap: CHF 105.5bTotal Earnings: CHF 13.9bTotal Revenue: CHF 69.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 14.9x202420252026
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 16.5x which is higher than its 3-year average PE of 14.9x.
  • 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 8.8% per year over the last three years,
  • Revenues have also declined 8.9% 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 Market1.24%
Financials0.18%
Capital Markets1.29%
Diversified Capital Markets3.51%
Investment Banking and Brokerage2.12%
Asset Management-3.47%
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 Diversified Capital Markets industry, which is trading close to its 3-year average of 14.5x.
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 8.9% 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 37.030.4%
+CHF 395.2m		41.0%PE15.7x
VPBN VP BankCHF 86.001.3%
+CHF 6.9m		2.9%PE11.4x
BBN Bellevue GroupCHF 7.641.3%
+CHF 1.3m		-19.7%PE54.2x
ALPN Alpine SelectCHF 9.451.1%
+CHF 842.0k		29.5%PE7.7x

Latest News

PGHN
CHF 854.00
Partners Group Holding
7D
-6.1%
1Y
-21.9%
ALPN
CHF 9.45
Alpine Select
7D
1.1%
1Y
29.5%
BAER
CHF 64.26
Julius Bär Gruppe
7D
-5.2%
1Y
20.2%
UBSG
CHF 37.03
UBS Group
7D
0.4%
1Y
41.0%
SQN
CHF 398.20
Swissquote Group Holding
7D
-1.6%
1Y
-16.2%
CFT
CHF 268.00
Compagnie Financière Tradition
7D
-8.4%
1Y
20.7%
EFGN
CHF 16.44
EFG International
7D
-5.8%
1Y
14.3%
VONN
CHF 69.70
Vontobel Holding
7D
-1.6%
1Y
13.0%
Narrative Update • May 15

VONN: Neutral Outlook Will Rely On Discount Rate And P E Assumptions

Analysts have maintained their CHF 68.75 price target for Vontobel Holding, using a slightly lower discount rate and marginally adjusted long term assumptions on revenue growth, profit margin and future P/E to support the unchanged valuation. Valuation Changes Fair Value: CHF 68.75 remains unchanged, so the updated assumptions still point to the same indicative value.
GAM
CHF 0.062
GAM Holding
7D
-9.6%
1Y
-38.2%
VPBN
CHF 86.00
VP Bank
7D
1.3%
1Y
2.9%
VZN
CHF 148.60
VZ Holding
7D
-1.3%
1Y
-15.1%
BBN
CHF 7.64
Bellevue Group
7D
1.3%
1Y
-19.7%