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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies18
  • 7D0.9%
  • 3M15.6%
  • 1Y22.7%
  • YTD-2.2%

Last week, the Capital Markets industry hasn't moved much but Julius Bär Gruppe is up 6.6% in that time. As for the the longer term, the industry is up 23% over the past 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026CHF 179.9bCHF 54.2bCHF 11.0b15.7x16.4x3.3x
Sat, 30 May 2026CHF 170.6bCHF 52.4bCHF 10.5b15.8x16.3x3.3x
Mon, 27 Apr 2026CHF 160.6bCHF 51.3bCHF 9.4b16.3x17x3.1x
Wed, 25 Mar 2026CHF 146.9bCHF 51.6bCHF 9.5b15.3x15.5x2.8x
Fri, 20 Feb 2026CHF 163.0bCHF 50.1bCHF 9.2b17.6x17.7x3.3x
Sun, 18 Jan 2026CHF 189.7bCHF 50.6bCHF 9.2b18.5x20.6x3.7x
Tue, 16 Dec 2025CHF 171.1bCHF 50.3bCHF 9.1b17.4x18.7x3.4x
Thu, 13 Nov 2025CHF 162.9bCHF 50.3bCHF 9.2b17.1x17.8x3.2x
Sat, 11 Oct 2025CHF 165.5bCHF 49.5bCHF 8.3b18x19.9x3.3x
Mon, 08 Sep 2025CHF 167.4bCHF 49.4bCHF 8.3b16.4x20.1x3.4x
Wed, 06 Aug 2025CHF 161.1bCHF 49.6bCHF 8.3b18.9x19.5x3.3x
Fri, 04 Jul 2025CHF 147.4bCHF 49.7bCHF 7.3b14.7x20.2x3x
Sun, 01 Jun 2025CHF 145.2bCHF 51.0bCHF 7.4b14.9x19.5x2.8x
Tue, 29 Apr 2025CHF 137.9bCHF 51.1bCHF 7.5b14.4x18.4x2.7x
Thu, 27 Mar 2025CHF 164.5bCHF 54.2bCHF 7.8b13.9x21x3x
Sat, 22 Feb 2025CHF 168.3bCHF 54.6bCHF 7.7b16.4x21.9x3.1x
Mon, 20 Jan 2025CHF 168.3bCHF 53.7bCHF 6.5b21.2x25.7x3.1x
Wed, 18 Dec 2024CHF 155.3bCHF 52.7bCHF 6.4b19.8x24.1x2.9x
Fri, 15 Nov 2024CHF 153.6bCHF 52.6bCHF 6.4b19.5x23.8x2.9x
Sun, 13 Oct 2024CHF 150.8bCHF 50.3bCHF 4.5b17.6x33.9x3x
Tue, 10 Sep 2024CHF 135.7bCHF 50.2bCHF 4.4b16x30.6x2.7x
Thu, 08 Aug 2024CHF 136.3bCHF 48.3bCHF 27.0b15.1x5x2.8x
Sat, 06 Jul 2024CHF 148.7bCHF 49.8bCHF 28.0b15.5x5.3x3x
Mon, 03 Jun 2024CHF 152.0bCHF 50.1bCHF 28.2b15.7x5.4x3x
Wed, 01 May 2024CHF 136.0bCHF 47.2bCHF 28.0b15.8x4.9x2.9x
Fri, 29 Mar 2024CHF 150.8bCHF 46.7bCHF 28.6b17.3x5.3x3.2x
Sun, 25 Feb 2024CHF 139.3bCHF 45.9bCHF 28.1b15.2x5x3x
Tue, 23 Jan 2024CHF 140.6bCHF 71.8bCHF 35.2b14x4x2x
Thu, 21 Dec 2023CHF 145.9bCHF 71.5bCHF 35.0b14.2x4.2x2x
Sat, 18 Nov 2023CHF 133.7bCHF 72.5bCHF 35.8b13.5x3.7x1.8x
Mon, 16 Oct 2023CHF 127.7bCHF 70.0bCHF 38.4b12.9x3.3x1.8x
Wed, 13 Sep 2023CHF 131.1bCHF 69.7bCHF 38.0b13.7x3.4x1.9x
Fri, 11 Aug 2023CHF 114.4bCHF 68.9bCHF 13.9b14.4x8.2x1.7x
Sun, 09 Jul 2023CHF 102.6bCHF 69.1bCHF 13.7b12.9x7.5x1.5x
Price to Earnings Ratio

7.5x


Total Market Cap: CHF 102.6bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.2x202420252026
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 15.2x.
  • 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 7.0% per year over the last three years,
  • Revenues have also declined 7.8% 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-0.011%
Financials1.17%
Capital Markets0.86%
Asset Management4.02%
Diversified Capital Markets-0.25%
Investment Banking and Brokerage-0.85%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 81.5% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 21.7x.
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 8.2% 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
PGHN Partners Group HoldingCHF 681.605.3%
+CHF 892.1m		-34.7%PE13.9x
UBSG UBS GroupCHF 41.050.6%
+CHF 759.9m		47.9%PE17x
BAER Julius Bär GruppeCHF 71.844.9%
+CHF 684.7m		33.2%PE19.3x
VZN VZ HoldingCHF 157.004.2%
+CHF 252.1m		-7.8%PE26.2x
SQN Swissquote Group HoldingCHF 39.724.0%
+CHF 227.8m		-10.8%PE16.2x

Latest News

UBSG
CHF 41.05
UBS Group
7D
0.6%
1Y
47.9%
Narrative Update • Jul 01

UBSG: Future Returns Will Rely On Capital Actions And Ethereum Compliance Progress

The analyst price target for UBS Group has been revised higher to CHF 45 from CHF 40, reflecting updated expectations around a fair value of CHF 40.57, a slightly adjusted discount rate of 9.02%, modestly lower revenue growth assumptions of 2.43%, a small increase in projected profit margin to 25.66%, and a higher future P/E of 13.40% as analysts factor in recent sector research and sentiment shifts. Analyst Commentary Recent research on UBS Group shows a mix of optimism and caution, with several banks revising price targets and ratings as they reassess valuation, execution risks, and growth expectations around the current set of forecasts.
SQN
CHF 39.72
Swissquote Group Holding
7D
4.0%
1Y
-10.8%
Narrative Update • Jul 01

SQN: Trading Volumes And Higher P/E Will Likely Restrain Future Upside

Analysts have lifted their price target on Swissquote Group Holding to around CHF 41, with some citing that near term crypto headwinds are being offset by stronger trading volumes as a key driver for the reassessment. What’s in the News for Swissquote Group Holding Swissquote Group Holding is scheduled to carry out a 10 for 1 stock split or significant stock dividend on May 28, 2026, according to company event disclosures.
PGHN
CHF 681.60
Partners Group Holding
7D
5.3%
1Y
-34.7%
HBMN
CHF 243.50
HBM Healthcare Investments
7D
4.5%
1Y
44.4%
EFGN
CHF 16.52
EFG International
7D
1.7%
1Y
11.6%
Narrative Update • Jun 24

EFGN: Future Upside Will Rely On Refined P/E And Margin Assumptions

EFG International's analyst fair value estimate has edged higher from CHF 19.30 to CHF 19.55. Analysts point to recent Citi price target revisions around CHF 18.40 to CHF 18.70, as well as updated assumptions on discount rates, profit margins, revenue growth and future P/E, as key drivers behind the refreshed view.
VONN
CHF 74.30
Vontobel Holding
7D
2.2%
1Y
14.0%
Narrative Update • Jun 23

VONN: Neutral Outlook Will Rely On Discount Rate And US Expansion

Analysts have kept their CHF 68.75 price target for Vontobel Holding unchanged, citing largely stable assumptions around the discount rate, revenue growth, profit margins and future P/E estimates. What’s in the News for Vontobel Holding Vontobel Holding opened a new office in Los Angeles as part of its continued US expansion, aiming to be closer to clients and partners.
BAER
CHF 71.84
Julius Bär Gruppe
7D
4.9%
1Y
33.2%
Narrative Update • Jun 18

BAER: Fairly Valued Shares Will Depend On Flow Recovery And Profit Execution

Analysts have nudged the fair value estimate for Julius Bär Gruppe slightly lower to CHF 69.35 from CHF 69.41, while recent Street research price targets ranging from CHF 59 to CHF 78 reflect differing views on how quickly flows and profitability might improve. Analyst Commentary Recent Street research on Julius Bär Gruppe highlights a mix of optimism and caution, with price targets spanning CHF 59 to CHF 78 and a range of ratings from Underweight to Buy.
CFT
CHF 305.50
Compagnie Financière Tradition
7D
-1.5%
1Y
40.8%
GAM
CHF 0.063
GAM Holding
7D
-10.0%
1Y
-33.0%
HAUTE
CHF 55.00
Haute Capital Partners
7D
-0.4%
1Y
-65.0%
VZN
CHF 157.00
VZ Holding
7D
4.2%
1Y
-7.8%