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Swiss (SMI) Capital Markets Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies17
  • 7D-1.1%
  • 3M22.6%
  • 1Y26.5%
  • YTD-2.1%

Over the last 7 days, the Capital Markets industry has dropped 1.1%, driven by Partners Group Holding declining 7.5%. Over the past 12 months, the industry was up 27%. 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
Fri, 26 Jun 2026CHF 178.7bCHF 53.9bCHF 10.7b15.7x16.7x3.3x
Sun, 24 May 2026CHF 171.8bCHF 52.6bCHF 10.5b16.2x16.4x3.3x
Tue, 21 Apr 2026CHF 167.8bCHF 51.0bCHF 9.4b17.1x17.9x3.3x
Thu, 19 Mar 2026CHF 150.4bCHF 51.6bCHF 9.4b16.4x16x2.9x
Sat, 14 Feb 2026CHF 161.5bCHF 49.7bCHF 9.2b16.6x17.6x3.3x
Mon, 12 Jan 2026CHF 187.3bCHF 50.5bCHF 9.2b17.4x20.4x3.7x
Wed, 10 Dec 2025CHF 167.8bCHF 50.7bCHF 9.2b17.3x18.2x3.3x
Fri, 07 Nov 2025CHF 157.7bCHF 50.8bCHF 9.2b16.5x17.1x3.1x
Sun, 05 Oct 2025CHF 168.3bCHF 49.3bCHF 8.3b17.4x20.3x3.4x
Tue, 02 Sep 2025CHF 169.0bCHF 49.3bCHF 8.3b16.5x20.4x3.4x
Thu, 31 Jul 2025CHF 161.5bCHF 50.5bCHF 7.3b23.2x22.2x3.2x
Sat, 28 Jun 2025CHF 143.9bCHF 49.9bCHF 7.3b14.8x19.6x2.9x
Mon, 26 May 2025CHF 143.2bCHF 50.9bCHF 7.4b15.8x19.3x2.8x
Wed, 23 Apr 2025CHF 132.8bCHF 51.0bCHF 7.5b14.1x17.8x2.6x
Fri, 21 Mar 2025CHF 162.2bCHF 54.0bCHF 7.8b15.9x20.9x3x
Sun, 16 Feb 2025CHF 168.6bCHF 54.5bCHF 7.7b16.4x21.9x3.1x
Tue, 14 Jan 2025CHF 160.1bCHF 53.9bCHF 6.6b20.6x24.4x3x
Thu, 12 Dec 2024CHF 157.0bCHF 52.2bCHF 6.4b20.3x24.5x3x
Sat, 09 Nov 2024CHF 153.3bCHF 51.8bCHF 6.4b19.2x24.1x3x
Mon, 07 Oct 2024CHF 147.9bCHF 50.6bCHF 4.5b19.3x33.1x2.9x
Wed, 04 Sep 2024CHF 139.3bCHF 50.2bCHF 4.4b16.3x31.4x2.8x
Fri, 02 Aug 2024CHF 145.0bCHF 49.0bCHF 27.4b16.1x5.3x3x
Sun, 30 Jun 2024CHF 143.8bCHF 49.9bCHF 28.1b15.1x5.1x2.9x
Tue, 28 May 2024CHF 152.8bCHF 50.6bCHF 28.5b16.3x5.4x3x
Thu, 25 Apr 2024CHF 138.1bCHF 47.0bCHF 27.9b16.5x4.9x2.9x
Sat, 23 Mar 2024CHF 151.9bCHF 46.6bCHF 28.5b17.4x5.3x3.3x
Mon, 19 Feb 2024CHF 138.1bCHF 45.9bCHF 28.0b16x4.9x3x
Wed, 17 Jan 2024CHF 139.8bCHF 71.5bCHF 35.0b14.4x4x2x
Fri, 15 Dec 2023CHF 144.1bCHF 71.6bCHF 35.1b14x4.1x2x
Sun, 12 Nov 2023CHF 126.7bCHF 73.0bCHF 36.2b12.6x3.5x1.7x
Tue, 10 Oct 2023CHF 127.6bCHF 70.2bCHF 38.5b13.8x3.3x1.8x
Thu, 07 Sep 2023CHF 131.5bCHF 69.6bCHF 38.0b13.5x3.5x1.9x
Sat, 05 Aug 2023CHF 113.7bCHF 68.8bCHF 13.9b14.5x8.2x1.7x
Mon, 03 Jul 2023CHF 105.4bCHF 69.3bCHF 13.7b13.2x7.7x1.5x
Price to Earnings Ratio

7.7x


Total Market Cap: CHF 105.4bTotal Earnings: CHF 13.7bTotal Revenue: CHF 69.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.1x202420252026
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 16.7x which is higher than its 3-year average PE 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 8.0% 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 Market2.77%
Financials0.65%
Capital Markets-1.07%
Diversified Capital Markets-0.63%
Asset Management-2.01%
Investment Banking and Brokerage-2.25%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 14.8x.
    • 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 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 68.503.2%
+CHF 434.6m		29.1%PE18.4x
VONN Vontobel HoldingCHF 72.701.5%
+CHF 61.3m		14.8%PE14.5x
VZN VZ HoldingCHF 150.600.9%
+CHF 55.1m		-10.5%PE25.2x
CFT Compagnie Financière TraditionCHF 310.000.3%
+CHF 7.6m		42.9%PE17.6x
GAM GAM HoldingCHF 0.0710.8%
+CHF 7.5m		-31.0%PS1.6x

Latest News

EFGN
CHF 16.24
EFG International
7D
-3.0%
1Y
11.1%
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 72.70
Vontobel Holding
7D
1.5%
1Y
14.8%
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 16.94
Leonteq
7D
2.2%
1Y
-9.6%
VPBN
CHF 88.60
VP Bank
7D
-0.2%
1Y
9.9%
UBSG
CHF 40.80
UBS Group
7D
-0.6%
1Y
54.4%
PGHN
CHF 647.00
Partners Group Holding
7D
-7.5%
1Y
-35.9%
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 68.50
Julius Bär Gruppe
7D
3.2%
1Y
29.1%
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 38.20
Swissquote Group Holding
7D
-3.3%
1Y
-14.4%
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 310.00
Compagnie Financière Tradition
7D
0.3%
1Y
42.9%
GAM
CHF 0.07
GAM Holding
7D
10.8%
1Y
-31.0%
HAUTE
CHF 55.00
Haute Capital Partners
7D
-1.6%
1Y
-64.9%
ALPN
CHF 9.20
Alpine Select
7D
0.5%
1Y
25.2%
REALU
CHF 1.38
RealUnit Schweiz
7D
-1.4%
1Y
11.3%
VZN
CHF 150.60
VZ Holding
7D
0.9%
1Y
-10.5%
BBN
CHF 6.84
Bellevue Group
7D
-4.5%
1Y
-7.8%