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Swiss (SMI) Capital Markets Industry Analysis

UpdatedNov 02, 2025
DataAggregated Company Financials
Companies17
  • 7D0.8%
  • 3M-0.9%
  • 1Y8.6%
  • YTD2.6%

The Capital Markets industry has stayed flat over the last week. As for the the longer term, the industry is up 8.6% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Nov 2025CHF 159.6bCHF 50.7bCHF 9.2b16.5x17.3x3.2x
Wed, 01 Oct 2025CHF 167.5bCHF 49.3bCHF 8.3b17.1x20.2x3.4x
Fri, 29 Aug 2025CHF 170.6bCHF 49.3bCHF 8.3b17.2x20.6x3.5x
Sun, 27 Jul 2025CHF 159.7bCHF 49.6bCHF 7.2b23.3x22.2x3.2x
Tue, 24 Jun 2025CHF 136.1bCHF 50.5bCHF 7.4b14.4x18.4x2.7x
Thu, 22 May 2025CHF 147.7bCHF 51.2bCHF 7.5b15.8x19.8x2.9x
Sat, 19 Apr 2025CHF 132.3bCHF 51.0bCHF 7.5b14.1x17.7x2.6x
Mon, 17 Mar 2025CHF 160.4bCHF 54.2bCHF 7.8b17.3x20.6x3x
Wed, 12 Feb 2025CHF 168.2bCHF 55.2bCHF 7.8b16.4x21.7x3x
Fri, 10 Jan 2025CHF 165.4bCHF 53.6bCHF 6.5b20.4x25.3x3.1x
Sun, 08 Dec 2024CHF 158.8bCHF 52.0bCHF 6.4b20.8x24.9x3.1x
Tue, 05 Nov 2024CHF 146.9bCHF 51.3bCHF 6.3b17.4x23.2x2.9x
Thu, 03 Oct 2024CHF 146.4bCHF 50.2bCHF 4.4b17.6x33.3x2.9x
Sat, 31 Aug 2024CHF 144.5bCHF 50.3bCHF 4.5b16.6x32.3x2.9x
Mon, 29 Jul 2024CHF 145.6bCHF 49.2bCHF 27.6b16.4x5.3x3x
Wed, 26 Jun 2024CHF 144.1bCHF 49.8bCHF 28.0b15.3x5.1x2.9x
Fri, 24 May 2024CHF 152.1bCHF 50.6bCHF 28.6b16.5x5.3x3x
Sun, 21 Apr 2024CHF 140.2bCHF 46.9bCHF 27.8b16x5x3x
Tue, 19 Mar 2024CHF 151.5bCHF 46.3bCHF 28.3b17.2x5.4x3.3x
Thu, 15 Feb 2024CHF 136.1bCHF 46.0bCHF 28.1b15.8x4.8x3x
Sat, 13 Jan 2024CHF 140.7bCHF 71.2bCHF 34.7b14.5x4.1x2x
Mon, 11 Dec 2023CHF 139.4bCHF 72.2bCHF 35.5b13.9x3.9x1.9x
Wed, 08 Nov 2023CHF 126.7bCHF 70.0bCHF 38.4b12.8x3.3x1.8x
Fri, 06 Oct 2023CHF 126.1bCHF 70.5bCHF 38.8b13.4x3.3x1.8x
Sun, 03 Sep 2023CHF 130.9bCHF 69.3bCHF 37.8b13.6x3.5x1.9x
Tue, 01 Aug 2023CHF 114.3bCHF 68.7bCHF 13.6b13.9x8.4x1.7x
Thu, 29 Jun 2023CHF 102.5bCHF 69.4bCHF 13.7b13.5x7.5x1.5x
Sat, 27 May 2023CHF 104.3bCHF 69.7bCHF 13.9b14.6x7.5x1.5x
Mon, 24 Apr 2023CHF 109.5bCHF 56.0bCHF 2.0b15.3x53.6x2x
Wed, 22 Mar 2023CHF 112.3bCHF 57.5bCHF 2.6b15x43.3x2x
Fri, 17 Feb 2023CHF 126.5bCHF 58.1bCHF 2.6b14.7x48.5x2.2x
Sun, 15 Jan 2023CHF 122.4bCHF 59.9bCHF 1.7b14.5x70.3x2x
Tue, 13 Dec 2022CHF 113.8bCHF 60.3bCHF 1.8b12.7x62.7x1.9x
Thu, 10 Nov 2022CHF 114.5bCHF 61.4bCHF 2.0b12.3x57.9x1.9x
Price to Earnings Ratio

57.9x


Total Market Cap: CHF 114.5bTotal Earnings: CHF 2.0bTotal Revenue: CHF 61.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 20.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Swiss Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.3x which is lower than its 3-year average PE of 20.9x.
  • The 3-year average PS ratio of 2.5x 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 grown 60% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Financials industry?

CH Market-1.96%
Financials-0.36%
Capital Markets0.81%
Investment Banking and Brokerage2.07%
Diversified Capital Markets1.12%
Asset Management0.0077%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 16.7x.
    • Analysts are expecting annual earnings growth of 8.6%, which is lower than the prior year's growth of 21.7% per year.
  • Investors are most pessimistic about the Diversified Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 18% 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 8.6% 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 30.731.1%
+CHF 1.1b		13.4%PE16.5x
BAER Julius Bär GruppeCHF 54.201.6%
+CHF 176.2m		-0.2%PE12.8x
SQN Swissquote Group HoldingCHF 510.002.1%
+CHF 155.4m		69.9%PE24.8x
EFGN EFG InternationalCHF 16.743.0%
+CHF 144.7m		40.2%PE14x
VZN VZ HoldingCHF 157.001.2%
+CHF 71.0m		12.6%PE27.2x

Latest News

UBSG
CHF 30.73
UBS Group
7D
1.1%
1Y
13.4%
PGHN
CHF 982.40
Partners Group Holding
7D
-1.5%
1Y
-18.0%

Private Markets Will Expand Amid Shifting Risks And Resilient Execution

Analysts have increased their average fair value estimate for Partners Group Holding from CHF 1,238.29 to CHF 1,251.71. They cite reasons such as an improved revenue growth outlook and recent price target adjustments by major banks.
VPBN
CHF 80.80
VP Bank
7D
-0.5%
1Y
12.2%
HAUTE
CHF 163.00
Haute Capital Partners
7D
-1.2%
1Y
32.5%
BAER
CHF 54.20
Julius Bär Gruppe
7D
1.6%
1Y
-0.2%
BBN
CHF 8.60
Bellevue Group
7D
2.1%
1Y
-42.7%
LEON
CHF 15.34
Leonteq
7D
-0.9%
1Y
-38.4%
EFGN
CHF 16.74
EFG International
7D
3.0%
1Y
40.2%
AIRE
CHF 0.01
Airesis
7D
-41.2%
1Y
-91.7%
GAM
CHF 0.18
GAM Holding
7D
8.2%
1Y
45.6%

GAM Holding AG's (VTX:GAM) 39% Price Boost Is Out Of Tune With Revenues

Sep 26
GAM Holding AG's (VTX:GAM) 39% Price Boost Is Out Of Tune With Revenues
VZN
CHF 157.00
VZ Holding
7D
1.2%
1Y
12.6%

Does VZ Holding (VTX:VZN) Deserve A Spot On Your Watchlist?

Sep 22
Does VZ Holding (VTX:VZN) Deserve A Spot On Your Watchlist?
CFT
CHF 304.00
Compagnie Financière Tradition
7D
2.0%
1Y
96.1%
SQN
CHF 510.00
Swissquote Group Holding
7D
2.1%
1Y
69.9%

Interest Rate Cuts And European Competition Will Pressure Profits Yet AI Investments Will Sustain Performance

Analysts have modestly raised their price target for Swissquote Group Holding to CHF475.33, reflecting confidence in continued operational strength and long-term growth despite some valuation concerns and belief that near-term optimism is largely priced in. Analyst Commentary Bullish analysts expect continued operational strength, as reflected in raised price targets despite some downgrades.
VONN
CHF 61.00
Vontobel Holding
7D
-0.5%
1Y
8.5%

Digital Transformation And Wealth Demand Will Drive Long-Term Success

Following a negative market reaction to Vontobel Holding’s first-half earnings miss and a shift to more balanced valuation after the share price drop, analysts have modestly reduced the consensus price target from CHF63.32 to CHF61.10. Analyst Commentary Market reaction to first half results was sharply negative, driven by a significant earnings miss and investor positioning.
NBEN
CHF 5.95
nebag ag
7D
-1.7%
1Y
-9.8%