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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies17
  • 7D2.2%
  • 3M18.2%
  • 1Y23.6%
  • YTD-5.0%

In the last week, the Capital Markets industry is up 2.2%, with UBS Group up 3.4%. This means that the industry has gained 24% over the past year. 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
Sun, 14 Jun 2026CHF 173.4bCHF 53.3bCHF 10.6b16x16.4x3.3x
Tue, 12 May 2026CHF 166.8bCHF 52.3bCHF 10.4b16.1x16x3.2x
Thu, 09 Apr 2026CHF 159.6bCHF 51.6bCHF 9.5b16.4x16.9x3.1x
Sat, 07 Mar 2026CHF 151.0bCHF 50.2bCHF 9.2b16.9x16.4x3x
Mon, 02 Feb 2026CHF 181.5bCHF 49.1bCHF 9.0b17.9x20.2x3.7x
Wed, 31 Dec 2025CHF 181.4bCHF 50.0bCHF 9.1b17.5x19.9x3.6x
Fri, 28 Nov 2025CHF 160.2bCHF 50.7bCHF 9.2b16.6x17.4x3.2x
Sun, 26 Oct 2025CHF 158.5bCHF 49.3bCHF 8.3b18.1x19.1x3.2x
Tue, 23 Sep 2025CHF 170.7bCHF 49.1bCHF 8.3b16.7x20.6x3.5x
Thu, 21 Aug 2025CHF 168.1bCHF 49.4bCHF 8.3b20x20.3x3.4x
Sat, 19 Jul 2025CHF 155.6bCHF 50.0bCHF 7.3b15.9x21.2x3.1x
Mon, 16 Jun 2025CHF 141.2bCHF 50.5bCHF 7.4b14.6x19.1x2.8x
Wed, 14 May 2025CHF 151.4bCHF 51.8bCHF 7.5b14.9x20.1x2.9x
Fri, 11 Apr 2025CHF 130.3bCHF 51.4bCHF 7.5b13.3x17.4x2.5x
Sun, 09 Mar 2025CHF 163.5bCHF 53.7bCHF 7.6b19.1x21.5x3x
Tue, 04 Feb 2025CHF 175.7bCHF 53.7bCHF 6.5b21x26.8x3.3x
Thu, 02 Jan 2025CHF 153.6bCHF 53.3bCHF 6.5b20.2x23.6x2.9x
Sat, 30 Nov 2024CHF 156.4bCHF 52.2bCHF 6.4b20.1x24.4x3x
Mon, 28 Oct 2024CHF 152.8bCHF 50.8bCHF 4.5b17.9x34.2x3x
Wed, 25 Sep 2024CHF 144.0bCHF 49.9bCHF 4.4b17.5x32.6x2.9x
Fri, 23 Aug 2024CHF 145.2bCHF 50.4bCHF 4.5b17.8x32.5x2.9x
Sun, 21 Jul 2024CHF 147.2bCHF 49.5bCHF 27.8b15.6x5.3x3x
Tue, 18 Jun 2024CHF 146.8bCHF 49.5bCHF 27.9b15.6x5.3x3x
Thu, 16 May 2024CHF 151.2bCHF 50.1bCHF 28.2b17x5.4x3x
Sat, 13 Apr 2024CHF 145.3bCHF 47.0bCHF 27.9b16.7x5.2x3.1x
Mon, 11 Mar 2024CHF 148.1bCHF 45.8bCHF 28.0b19.1x5.3x3.2x
Wed, 07 Feb 2024CHF 135.4bCHF 42.6bCHF 29.2b15.1x4.6x3.2x
Fri, 05 Jan 2024CHF 141.5bCHF 71.1bCHF 34.6b14.2x4.1x2x
Sun, 03 Dec 2023CHF 138.2bCHF 71.8bCHF 35.2b13.8x3.9x1.9x
Tue, 31 Oct 2023CHF 122.1bCHF 70.0bCHF 38.4b13.6x3.2x1.7x
Thu, 28 Sep 2023CHF 128.4bCHF 70.7bCHF 39.0b13.2x3.3x1.8x
Sat, 26 Aug 2023CHF 118.6bCHF 69.4bCHF 14.1b13.4x8.4x1.7x
Mon, 24 Jul 2023CHF 110.2bCHF 68.4bCHF 13.5b13.7x8.1x1.6x
Wed, 21 Jun 2023CHF 105.6bCHF 69.5bCHF 13.8b13.7x7.7x1.5x
Price to Earnings Ratio

7.7x


Total Market Cap: CHF 105.6bTotal Earnings: CHF 13.8bTotal Revenue: CHF 69.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15x202420252026
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 15.0x.
  • 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 8.4% per year over the last three years,
  • Revenues have also declined 8.5% 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 Market1.87%
Financials1.91%
Capital Markets2.22%
Investment Banking and Brokerage4.03%
Diversified Capital Markets3.37%
Asset Management-0.86%
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 10.6%, 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 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 8.3% 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 38.903.4%
+CHF 3.9b		49.0%PE16.3x
SQN Swissquote Group HoldingCHF 39.423.2%
+CHF 182.9m		-16.3%PE16.1x
CFT Compagnie Financière TraditionCHF 299.506.2%
+CHF 133.4m		37.4%PE17x
VZN VZ HoldingCHF 147.201.9%
+CHF 110.3m		-12.2%PE24.6x
VONN Vontobel HoldingCHF 71.401.4%
+CHF 55.7m		15.2%PE14.2x

Latest News

PGHN
CHF 697.80
Partners Group Holding
7D
-1.8%
1Y
-31.2%
UBSG
CHF 38.90
UBS Group
7D
3.4%
1Y
49.0%
VPBN
CHF 86.70
VP Bank
7D
1.8%
1Y
11.2%
EFGN
CHF 16.48
EFG International
7D
-0.5%
1Y
16.9%
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.
LEON
CHF 15.20
Leonteq
7D
2.3%
1Y
-9.1%
Narrative Update • Jun 05

LEON: Steady Fair Value Will Reflect Governance Changes And Earnings Outlook

Analysts have kept their CHF fair value estimate for Leonteq steady at CHF 14.10, explaining that only minor tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E left their overall price target effectively unchanged. What's in the News At the Annual General Meeting held on April 1, 2026, Leonteq AG shareholders approved changes to the company's Articles of Association.
BAER
CHF 64.70
Julius Bär Gruppe
7D
-1.6%
1Y
23.4%
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.
VONN
CHF 71.40
Vontobel Holding
7D
1.4%
1Y
15.2%
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.
SQN
CHF 39.42
Swissquote Group Holding
7D
3.2%
1Y
-16.3%
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 299.50
Compagnie Financière Tradition
7D
6.2%
1Y
37.4%
GAM
CHF 0.064
GAM Holding
7D
-12.8%
1Y
-41.6%
ALPN
CHF 9.05
Alpine Select
7D
-0.5%
1Y
21.5%
REALU
CHF 1.39
RealUnit Schweiz
7D
-1.4%
1Y
12.1%
VLRT
CHF 11.30
Valartis Group
7D
6.6%
1Y
-7.4%
VZN
CHF 147.20
VZ Holding
7D
1.9%
1Y
-12.2%
BBN
CHF 7.46
Bellevue Group
7D
-1.8%
1Y
2.8%
SQL
CHF 3.85
Matador Secondary Private Equity
7D
-3.8%
1Y
-12.5%