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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies17
  • 7D-2.1%
  • 3M20.8%
  • 1Y23.1%
  • YTD-3.5%

Over the last 7 days, the Capital Markets industry has dropped 2.1%, driven by a pullback from UBS Group of 2.5%. In the past year, the industry has gained 23%. 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
Sat, 27 Jun 2026CHF 176.1bCHF 53.9bCHF 10.7b15.5x16.4x3.3x
Mon, 25 May 2026CHF 171.8bCHF 52.6bCHF 10.5b16.2x16.4x3.3x
Wed, 22 Apr 2026CHF 165.7bCHF 51.2bCHF 9.4b17x17.6x3.2x
Fri, 20 Mar 2026CHF 146.8bCHF 51.5bCHF 9.4b15.4x15.5x2.9x
Sun, 15 Feb 2026CHF 161.5bCHF 49.6bCHF 9.2b16.6x17.6x3.3x
Tue, 13 Jan 2026CHF 187.3bCHF 50.3bCHF 9.2b17.4x20.5x3.7x
Thu, 11 Dec 2025CHF 167.1bCHF 50.6bCHF 9.2b17.4x18.2x3.3x
Sat, 08 Nov 2025CHF 156.3bCHF 50.6bCHF 9.2b16.3x17x3.1x
Mon, 06 Oct 2025CHF 168.3bCHF 49.3bCHF 8.3b19.1x20.3x3.4x
Wed, 03 Sep 2025CHF 165.3bCHF 49.5bCHF 8.3b16x19.9x3.3x
Fri, 01 Aug 2025CHF 159.3bCHF 50.6bCHF 8.3b18.3x19.2x3.1x
Sun, 29 Jun 2025CHF 143.9bCHF 49.9bCHF 7.3b14.8x19.6x2.9x
Tue, 27 May 2025CHF 144.7bCHF 50.9bCHF 7.4b15.6x19.5x2.8x
Thu, 24 Apr 2025CHF 137.2bCHF 51.6bCHF 7.5b14.1x18.2x2.7x
Sat, 22 Mar 2025CHF 161.5bCHF 54.1bCHF 7.8b15.3x20.7x3x
Mon, 17 Feb 2025CHF 168.6bCHF 54.5bCHF 7.7b16.4x21.9x3.1x
Wed, 15 Jan 2025CHF 160.7bCHF 53.7bCHF 6.5b20.7x24.6x3x
Fri, 13 Dec 2024CHF 157.4bCHF 52.4bCHF 6.4b19.8x24.5x3x
Sun, 10 Nov 2024CHF 153.3bCHF 51.8bCHF 6.4b19.2x24.1x3x
Tue, 08 Oct 2024CHF 149.5bCHF 50.4bCHF 4.5b19.1x33.6x3x
Thu, 05 Sep 2024CHF 137.4bCHF 50.1bCHF 4.4b16.1x31x2.7x
Sat, 03 Aug 2024CHF 133.8bCHF 48.2bCHF 26.9b16x5x2.8x
Mon, 01 Jul 2024CHF 143.8bCHF 49.9bCHF 28.1b15.1x5.1x2.9x
Wed, 29 May 2024CHF 151.5bCHF 50.5bCHF 28.5b16x5.3x3x
Fri, 26 Apr 2024CHF 137.5bCHF 46.9bCHF 27.9b16.2x4.9x2.9x
Sun, 24 Mar 2024CHF 151.9bCHF 46.6bCHF 28.5b17.4x5.3x3.3x
Tue, 20 Feb 2024CHF 138.2bCHF 45.9bCHF 28.0b15.9x4.9x3x
Thu, 18 Jan 2024CHF 139.0bCHF 71.6bCHF 35.1b14.4x4x1.9x
Sat, 16 Dec 2023CHF 143.2bCHF 71.8bCHF 35.3b14x4.1x2x
Mon, 13 Nov 2023CHF 126.7bCHF 73.0bCHF 36.2b12.6x3.5x1.7x
Wed, 11 Oct 2023CHF 129.6bCHF 70.1bCHF 38.5b13.9x3.4x1.8x
Fri, 08 Sep 2023CHF 130.6bCHF 69.6bCHF 38.0b13.4x3.4x1.9x
Sun, 06 Aug 2023CHF 113.7bCHF 68.9bCHF 13.9b14.5x8.2x1.7x
Tue, 04 Jul 2023CHF 105.2bCHF 69.4bCHF 13.7b13.2x7.7x1.5x
Price to Earnings Ratio

7.7x


Total Market Cap: CHF 105.2bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.1x202420252026
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 15.1x.
  • 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 7.9% per year over the last three years,
  • Revenues have also declined 8.1% 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 Market2.22%
Financials0.26%
Capital Markets-2.07%
Asset Management-0.60%
Diversified Capital Markets-2.51%
Investment Banking and Brokerage-3.76%
Industry PE
  • Investors are most optimistic about the Asset Management industry even though it's trading below its 3-year average PE ratio of 21.7x.
    • Analysts are expecting annual earnings growth of 10.5%, 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 below 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 8.2% 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
BAER Julius Bär GruppeCHF 68.164.1%
+CHF 549.4m		26.6%PE18.3x
VONN Vontobel HoldingCHF 73.001.7%
+CHF 66.9m		14.1%PE14.5x
VPBN VP BankCHF 89.001.0%
+CHF 5.6m		10.4%PE11.8x
ALPN Alpine SelectCHF 9.151.1%
+CHF 842.0k		24.5%PE7.5x
NBEN nebag agCHF 6.050.8%
+CHF 456.4k		-5.5%PE129x

Latest News

EFGN
CHF 16.32
EFG International
7D
-2.6%
1Y
10.4%
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 73.00
Vontobel Holding
7D
1.7%
1Y
14.1%
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.
LEON
CHF 16.62
Leonteq
7D
-3.4%
1Y
-13.2%
VPBN
CHF 89.00
VP Bank
7D
1.0%
1Y
10.4%
UBSG
CHF 39.97
UBS Group
7D
-2.5%
1Y
49.3%
PGHN
CHF 651.80
Partners Group Holding
7D
-4.3%
1Y
-36.7%
Narrative Update • Jun 18

PGHN: Future Returns Will Hinge On Managing Fund Liquidity And Execution Risks

The analyst price target for Partners Group Holding has been reduced from CHF 930 to CHF 760. This reflects updated views based on more moderate revenue growth assumptions, a slightly higher discount rate and a lower future P/E, partially offset by higher expected profit margins.
BAER
CHF 68.16
Julius Bär Gruppe
7D
4.1%
1Y
26.6%
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.
SQN
CHF 37.12
Swissquote Group Holding
7D
-4.3%
1Y
-15.9%
Narrative Update • Jun 17

SQN: Strong Trading Volumes And Stock Split Will Support Next Phase

Analysts have raised the Swissquote Group Holding price target to CHF 62.00 from CHF 42.50. This change reflects updated views on fair value, discount rate and growth assumptions, supported by research indicating that crypto headwinds are being offset by stronger trading volumes.
CFT
CHF 305.50
Compagnie Financière Tradition
7D
-2.6%
1Y
38.2%
ALPN
CHF 9.15
Alpine Select
7D
1.1%
1Y
24.5%
NBEN
CHF 6.05
nebag ag
7D
0.8%
1Y
-5.5%
VZN
CHF 150.40
VZ Holding
7D
-0.1%
1Y
-11.0%
SQL
CHF 3.80
Matador Secondary Private Equity
7D
-9.5%
1Y
-13.6%