Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Capital Markets Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies18
  • 7D4.4%
  • 3M17.0%
  • 1Y27.9%
  • YTD5.6%

Last week, the Capital Markets industry hasn't moved much but UBS Group is up 5.2% in that time. As for the the longer term, the industry is up 24% over the past 12 months. 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
Wed, 15 Jul 2026CHF 194.3bCHF 54.2bCHF 11.0b17.2x17.7x3.6x
Fri, 12 Jun 2026CHF 168.0bCHF 53.2bCHF 10.6b15.5x15.9x3.2x
Sun, 10 May 2026CHF 166.6bCHF 52.2bCHF 10.4b16x16x3.2x
Tue, 07 Apr 2026CHF 155.9bCHF 52.1bCHF 9.5b15.8x16.3x3x
Thu, 05 Mar 2026CHF 155.4bCHF 50.3bCHF 9.2b17.2x16.8x3.1x
Sat, 31 Jan 2026CHF 181.5bCHF 49.0bCHF 9.0b17.9x20.3x3.7x
Mon, 29 Dec 2025CHF 181.3bCHF 49.9bCHF 9.1b17.4x19.9x3.6x
Wed, 26 Nov 2025CHF 156.7bCHF 50.9bCHF 9.2b16.1x17x3.1x
Fri, 24 Oct 2025CHF 157.8bCHF 49.3bCHF 8.3b18.2x19x3.2x
Sun, 21 Sep 2025CHF 171.7bCHF 49.3bCHF 8.3b16.7x20.7x3.5x
Tue, 19 Aug 2025CHF 168.4bCHF 49.6bCHF 8.3b20.1x20.3x3.4x
Thu, 17 Jul 2025CHF 152.9bCHF 50.0bCHF 7.3b15.7x20.9x3.1x
Sat, 14 Jun 2025CHF 141.2bCHF 50.5bCHF 7.4b14.6x19.1x2.8x
Mon, 12 May 2025CHF 144.1bCHF 51.4bCHF 7.5b15.2x19.3x2.8x
Wed, 09 Apr 2025CHF 130.0bCHF 52.5bCHF 7.6b12.8x17.1x2.5x
Fri, 07 Mar 2025CHF 163.8bCHF 53.9bCHF 7.6b19.2x21.5x3x
Sun, 02 Feb 2025CHF 175.7bCHF 53.5bCHF 6.5b21x26.9x3.3x
Tue, 31 Dec 2024CHF 153.6bCHF 53.3bCHF 6.5b20.2x23.6x2.9x
Thu, 28 Nov 2024CHF 152.7bCHF 52.1bCHF 6.4b19.7x23.9x2.9x
Sat, 26 Oct 2024CHF 152.8bCHF 50.7bCHF 4.5b17.9x34.2x3x
Mon, 23 Sep 2024CHF 142.4bCHF 50.3bCHF 4.4b17.6x32.1x2.8x
Wed, 21 Aug 2024CHF 144.6bCHF 50.5bCHF 4.5b17.5x32.2x2.9x
Fri, 19 Jul 2024CHF 148.2bCHF 49.4bCHF 27.8b16x5.3x3x
Sun, 16 Jun 2024CHF 144.8bCHF 49.6bCHF 27.9b14.8x5.2x2.9x
Tue, 14 May 2024CHF 148.2bCHF 50.3bCHF 28.4b16.5x5.2x2.9x
Thu, 11 Apr 2024CHF 147.9bCHF 47.0bCHF 27.9b17x5.3x3.1x
Sat, 09 Mar 2024CHF 148.2bCHF 45.8bCHF 28.0b16.5x5.3x3.2x
Mon, 05 Feb 2024CHF 143.4bCHF 70.9bCHF 34.6b15x4.1x2x
Wed, 03 Jan 2024CHF 144.9bCHF 70.8bCHF 34.4b14.4x4.2x2x
Fri, 01 Dec 2023CHF 137.1bCHF 71.9bCHF 35.3b13.7x3.9x1.9x
Sun, 29 Oct 2023CHF 121.8bCHF 70.0bCHF 38.4b13.2x3.2x1.7x
Tue, 26 Sep 2023CHF 131.2bCHF 70.4bCHF 38.7b13.7x3.4x1.9x
Thu, 24 Aug 2023CHF 117.9bCHF 69.2bCHF 14.0b13.3x8.4x1.7x
Sat, 22 Jul 2023CHF 110.2bCHF 68.4bCHF 13.5b13.7x8.1x1.6x
Price to Earnings Ratio

8.1x


Total Market Cap: CHF 110.2bTotal Earnings: CHF 13.5bTotal Revenue: CHF 68.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.3x202420252026
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 17.1x which is higher than its 3-year average PE of 15.3x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 6.6% per year over the last three years,
  • Revenues have also declined 7.3% 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-0.65%
Financials2.42%
Capital Markets4.42%
Diversified Capital Markets5.18%
Asset Management3.09%
Investment Banking and Brokerage1.06%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 15.0x.
    • Analysts are expecting annual earnings growth of 12.6%, 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 13% 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 43.825.2%
+CHF 6.6b		53.9%PE18.1x
PGHN Partners Group HoldingCHF 700.003.5%
+CHF 613.6m		-34.0%PE14.3x
EFGN EFG InternationalCHF 18.089.3%
+CHF 459.3m		15.0%PE17.5x
VONN Vontobel HoldingCHF 81.305.6%
+CHF 239.7m		19.0%PE16.2x
BAER Julius Bär GruppeCHF 74.721.1%
+CHF 164.0m		34.9%PE20.1x

Latest News

VONN
CHF 81.30
Vontobel Holding
7D
5.6%
1Y
19.0%
UBSG
CHF 43.82
UBS Group
7D
5.2%
1Y
53.9%
PGHN
CHF 700.00
Partners Group Holding
7D
3.5%
1Y
-34.0%
ALPN
CHF 9.10
Alpine Select
7D
-2.2%
1Y
18.2%
BAER
CHF 74.72
Julius Bär Gruppe
7D
1.1%
1Y
34.9%
Narrative Update • Jul 06

BAER: Fairly Valued Outlook Hinges On Flow Recovery And Profit Delivery

The fair value estimate for Julius Bär Gruppe has been nudged higher to CHF 70.88 from CHF 69.35, as analysts factor in slightly stronger revenue growth assumptions, a modestly higher future P/E of 14.23x, and a stream of raised price targets ranging from CHF 66 to CHF 81 across recent research updates. Analyst Commentary Recent research on Julius Bär Gruppe shows a mix of optimism and caution, with several firms lifting price targets into the mid to high CHF 70s and CHF 80 region, while at least one downgrade highlights concerns around expectations and execution risk.
SQN
CHF 42.02
Swissquote Group Holding
7D
0.5%
1Y
-15.4%
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.
HBMN
CHF 251.50
HBM Healthcare Investments
7D
-1.6%
1Y
52.2%
EFGN
CHF 18.08
EFG International
7D
9.3%
1Y
15.0%
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.
LEON
CHF 15.96
Leonteq
7D
-5.1%
1Y
-23.6%
CFT
CHF 319.00
Compagnie Financière Tradition
7D
2.4%
1Y
41.8%
HAUTE
CHF 52.40
Haute Capital Partners
7D
-2.8%
1Y
-67.0%
VZN
CHF 161.00
VZ Holding
7D
1.5%
1Y
-7.0%