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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies17
  • 7D-0.6%
  • 3M14.7%
  • 1Y14.3%
  • YTD-7.0%

The Capital Markets industry has been flat over the last week, but Partners Group Holding has lost 14%. The past year has been better, since the industry has gained 14% in that time. 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, 07 Jun 2026CHF 169.6bCHF 53.2bCHF 10.6b15.7x16x3.2x
Tue, 05 May 2026CHF 165.4bCHF 52.6bCHF 10.5b16x15.8x3.1x
Thu, 02 Apr 2026CHF 156.9bCHF 51.8bCHF 9.5b16x16.5x3x
Sat, 28 Feb 2026CHF 159.4bCHF 49.8bCHF 9.1b17.6x17.4x3.2x
Mon, 26 Jan 2026CHF 185.7bCHF 49.6bCHF 9.0b18.6x20.5x3.7x
Wed, 24 Dec 2025CHF 181.3bCHF 50.0bCHF 9.1b17.4x19.9x3.6x
Fri, 21 Nov 2025CHF 157.1bCHF 50.7bCHF 9.2b16.3x17.1x3.1x
Sun, 19 Oct 2025CHF 156.5bCHF 49.1bCHF 8.3b17.4x18.9x3.2x
Tue, 16 Sep 2025CHF 171.7bCHF 49.2bCHF 8.3b16.9x20.7x3.5x
Thu, 14 Aug 2025CHF 167.9bCHF 49.5bCHF 8.3b20x20.4x3.4x
Sat, 12 Jul 2025CHF 153.0bCHF 49.8bCHF 7.3b15.2x20.9x3.1x
Mon, 09 Jun 2025CHF 149.6bCHF 51.0bCHF 7.4b14.9x20.1x2.9x
Wed, 07 May 2025CHF 141.5bCHF 51.0bCHF 7.4b14.9x19x2.8x
Fri, 04 Apr 2025CHF 141.6bCHF 53.0bCHF 7.7b13.2x18.4x2.7x
Sun, 02 Mar 2025CHF 167.3bCHF 54.8bCHF 7.7b19.8x21.7x3.1x
Tue, 28 Jan 2025CHF 173.4bCHF 53.0bCHF 6.5b21.4x26.8x3.3x
Thu, 26 Dec 2024CHF 150.6bCHF 53.0bCHF 6.5b19.8x23.2x2.8x
Sat, 23 Nov 2024CHF 154.6bCHF 52.7bCHF 6.5b19.6x23.9x2.9x
Mon, 21 Oct 2024CHF 155.8bCHF 50.7bCHF 4.5b17.7x34.8x3.1x
Wed, 18 Sep 2024CHF 141.5bCHF 50.1bCHF 4.4b16.2x31.9x2.8x
Fri, 16 Aug 2024CHF 144.1bCHF 51.3bCHF 4.5b17.4x31.9x2.8x
Sun, 14 Jul 2024CHF 151.9bCHF 49.7bCHF 28.0b16x5.4x3.1x
Tue, 11 Jun 2024CHF 150.7bCHF 49.8bCHF 28.1b15x5.4x3x
Thu, 09 May 2024CHF 145.3bCHF 50.3bCHF 28.4b16.3x5.1x2.9x
Sat, 06 Apr 2024CHF 151.4bCHF 46.5bCHF 27.6b16.8x5.5x3.3x
Mon, 04 Mar 2024CHF 142.3bCHF 46.0bCHF 28.1b16.4x5.1x3.1x
Wed, 31 Jan 2024CHF 144.3bCHF 71.5bCHF 35.0b14.6x4.1x2x
Fri, 29 Dec 2023CHF 144.3bCHF 70.7bCHF 34.3b14.3x4.2x2x
Sun, 26 Nov 2023CHF 133.0bCHF 72.3bCHF 35.6b13.3x3.7x1.8x
Tue, 24 Oct 2023CHF 122.3bCHF 69.7bCHF 38.1b13x3.2x1.8x
Thu, 21 Sep 2023CHF 134.7bCHF 69.8bCHF 38.2b14x3.5x1.9x
Sat, 19 Aug 2023CHF 115.7bCHF 69.3bCHF 14.0b13.8x8.3x1.7x
Mon, 17 Jul 2023CHF 108.4bCHF 68.2bCHF 13.5b13.7x8x1.6x
Wed, 14 Jun 2023CHF 107.7bCHF 69.7bCHF 13.9b14.1x7.8x1.5x
Price to Earnings Ratio

7.8x


Total Market Cap: CHF 107.7bTotal Earnings: CHF 13.9bTotal Revenue: CHF 69.7bTotal 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 3.2x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 8.5% per year over the last three years,
  • Revenues have also declined 8.6% 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 Market-1.19%
Financials-0.67%
Capital Markets-0.57%
Diversified Capital Markets1.59%
Investment Banking and Brokerage-0.67%
Asset Management-5.41%
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 10.5%, 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 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 37.631.6%
+CHF 1.8b		35.0%PE15.8x
BAER Julius Bär GruppeCHF 65.722.7%
+CHF 348.5m		24.6%PE17.6x
CFT Compagnie Financière TraditionCHF 282.007.8%
+CHF 156.2m		26.5%PE16x
EFGN EFG InternationalCHF 16.561.6%
+CHF 77.5m		11.6%PE16x
VONN Vontobel HoldingCHF 70.400.9%
+CHF 33.4m		11.2%PE14x

Latest News

VPBN
CHF 85.20
VP Bank
7D
-1.6%
1Y
3.6%
EFGN
CHF 16.56
EFG International
7D
1.6%
1Y
11.6%
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 14.86
Leonteq
7D
2.5%
1Y
-17.2%
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.
UBSG
CHF 37.63
UBS Group
7D
1.6%
1Y
35.0%
PGHN
CHF 710.80
Partners Group Holding
7D
-14.1%
1Y
-34.2%
BAER
CHF 65.72
Julius Bär Gruppe
7D
2.7%
1Y
24.6%
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 70.40
Vontobel Holding
7D
0.9%
1Y
11.2%
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 38.20
Swissquote Group Holding
7D
-3.5%
1Y
-21.1%
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 282.00
Compagnie Financière Tradition
7D
7.8%
1Y
26.5%
GAM
CHF 0.073
GAM Holding
7D
8.3%
1Y
-28.4%
HAUTE
CHF 56.00
Haute Capital Partners
7D
3.7%
1Y
-62.4%
ALPN
CHF 9.10
Alpine Select
7D
-3.2%
1Y
23.8%
NBEN
CHF 6.05
nebag ag
7D
-3.2%
1Y
-2.4%
REALU
CHF 1.41
RealUnit Schweiz
7D
-1.4%
1Y
15.6%
VZN
CHF 144.40
VZ Holding
7D
-2.8%
1Y
-17.9%