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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies18
  • 7D3.5%
  • 3M19.6%
  • 1Y24.8%
  • YTD-0.005%

The Capital Markets industry is up 3.5% in the last week, with UBS Group up 4.8%. In the last 12 months, the industry was up 25%. 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
Mon, 06 Jul 2026CHF 184.0bCHF 53.9bCHF 10.9b16.1x16.8x3.4x
Wed, 03 Jun 2026CHF 173.4bCHF 52.7bCHF 10.5b16x16.5x3.3x
Fri, 01 May 2026CHF 166.0bCHF 52.5bCHF 10.5b16.2x15.9x3.2x
Sun, 29 Mar 2026CHF 147.3bCHF 52.0bCHF 9.5b15x15.5x2.8x
Tue, 24 Feb 2026CHF 159.1bCHF 50.0bCHF 9.2b17.3x17.3x3.2x
Thu, 22 Jan 2026CHF 186.2bCHF 50.1bCHF 9.1b17.9x20.4x3.7x
Sat, 20 Dec 2025CHF 180.5bCHF 50.2bCHF 9.1b18.2x19.8x3.6x
Mon, 17 Nov 2025CHF 159.4bCHF 50.2bCHF 9.1b16.8x17.5x3.2x
Wed, 15 Oct 2025CHF 163.3bCHF 49.5bCHF 8.3b18.1x19.6x3.3x
Fri, 12 Sep 2025CHF 168.6bCHF 49.3bCHF 8.3b16.9x20.3x3.4x
Sun, 10 Aug 2025CHF 168.9bCHF 49.6bCHF 8.3b19.9x20.4x3.4x
Tue, 08 Jul 2025CHF 147.2bCHF 49.9bCHF 7.3b14.8x20.1x3x
Thu, 05 Jun 2025CHF 146.7bCHF 50.8bCHF 7.4b14.7x19.8x2.9x
Sat, 03 May 2025CHF 140.9bCHF 51.2bCHF 7.5b14.7x18.9x2.8x
Mon, 31 Mar 2025CHF 157.9bCHF 54.1bCHF 7.8b13.5x20.3x2.9x
Wed, 26 Feb 2025CHF 164.4bCHF 54.3bCHF 7.7b16.5x21.5x3x
Fri, 24 Jan 2025CHF 173.3bCHF 53.3bCHF 6.5b21.4x26.6x3.2x
Sun, 22 Dec 2024CHF 149.1bCHF 52.7bCHF 6.4b19.6x23.1x2.8x
Tue, 19 Nov 2024CHF 152.8bCHF 52.4bCHF 6.4b19.3x23.8x2.9x
Thu, 17 Oct 2024CHF 153.1bCHF 50.7bCHF 4.5b17.8x34.2x3x
Sat, 14 Sep 2024CHF 139.9bCHF 50.1bCHF 4.4b16x31.6x2.8x
Mon, 12 Aug 2024CHF 136.7bCHF 48.4bCHF 27.1b15.3x5x2.8x
Wed, 10 Jul 2024CHF 147.9bCHF 49.9bCHF 28.1b15.6x5.3x3x
Fri, 07 Jun 2024CHF 151.2bCHF 49.6bCHF 27.9b15.2x5.4x3.1x
Sun, 05 May 2024CHF 138.4bCHF 46.7bCHF 27.7b16.1x5x3x
Tue, 02 Apr 2024CHF 150.8bCHF 46.5bCHF 27.6b17.3x5.5x3.2x
Thu, 29 Feb 2024CHF 140.8bCHF 45.8bCHF 28.0b14.5x5x3.1x
Sat, 27 Jan 2024CHF 142.9bCHF 71.6bCHF 35.1b14.7x4.1x2x
Mon, 25 Dec 2023CHF 145.9bCHF 71.3bCHF 34.8b14.2x4.2x2x
Wed, 22 Nov 2023CHF 131.6bCHF 72.3bCHF 35.7b13.2x3.7x1.8x
Fri, 20 Oct 2023CHF 124.6bCHF 69.8bCHF 38.2b12.9x3.3x1.8x
Sun, 17 Sep 2023CHF 133.2bCHF 69.9bCHF 38.2b14x3.5x1.9x
Tue, 15 Aug 2023CHF 117.4bCHF 69.0bCHF 14.0b13.9x8.4x1.7x
Thu, 13 Jul 2023CHF 105.1bCHF 68.4bCHF 13.5b13.3x7.8x1.5x
Price to Earnings Ratio

7.8x


Total Market Cap: CHF 105.1bTotal Earnings: CHF 13.5bTotal Revenue: CHF 68.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.2x202420252026
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 16.8x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 6.9% per year over the last three years,
  • Revenues have also declined 7.6% 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 Market1.38%
Financials2.31%
Capital Markets3.50%
Investment Banking and Brokerage6.20%
Asset Management4.26%
Diversified Capital Markets3.03%
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 12.3%, 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
UBSG UBS GroupCHF 41.904.8%
+CHF 5.8b		52.2%PE17.4x
BAER Julius Bär GruppeCHF 74.427.7%
+CHF 1.1b		37.6%PE20x
PGHN Partners Group HoldingCHF 678.804.4%
+CHF 742.6m		-34.9%PE13.9x
SQN Swissquote Group HoldingCHF 41.7812.1%
+CHF 677.5m		-11.0%PE17.1x
VZN VZ HoldingCHF 160.606.8%
+CHF 401.7m		-6.3%PE26.8x

Latest News

UBSG
CHF 41.90
UBS Group
7D
4.8%
1Y
52.2%
BAER
CHF 74.42
Julius Bär Gruppe
7D
7.7%
1Y
37.6%
PGHN
CHF 678.80
Partners Group Holding
7D
4.4%
1Y
-34.9%
Narrative Update • Jul 02

PGHN: Revised P/E Assumptions Will Support Future Confidence In Fee Resilience

Partners Group Holding's analyst price target has been revised lower to CHF 860 from CHF 960, as analysts factor in more moderate revenue growth expectations, a slightly lower future P/E multiple, and updated sector views from recent research. Analyst Commentary Recent research on Partners Group Holding points to a more cautious stance from equity analysts, with several price target reductions and rating changes shaping how the stock is being framed on valuation, execution risk, and growth expectations.
SQN
CHF 41.78
Swissquote Group Holding
7D
12.1%
1Y
-11.0%
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.
EFGN
CHF 16.72
EFG International
7D
3.9%
1Y
11.9%
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 76.80
Vontobel Holding
7D
5.1%
1Y
18.3%
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.
CFT
CHF 312.00
Compagnie Financière Tradition
7D
3.0%
1Y
41.8%
HAUTE
CHF 55.00
Haute Capital Partners
7D
-0.2%
1Y
-65.2%
NBEN
CHF 6.05
nebag ag
7D
-0.8%
1Y
-6.2%
REALU
CHF 1.34
RealUnit Schweiz
7D
-2.9%
1Y
8.9%
VZN
CHF 160.60
VZ Holding
7D
6.8%
1Y
-6.3%