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Swiss (SMI) Capital Markets Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.0%
  • 3M9.8%
  • 1Y13.9%
  • YTD3.5%

Over the last 7 days, the Capital Markets industry has dropped 2.0%, driven by a pullback from UBS Group of 2.4%. In contrast, Swissquote Group Holding has gained 6.0%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the Swiss Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026CHF 191.5bCHF 56.2bCHF 12.1b14.6x15.8x3.4x
Tue, 21 Jul 2026CHF 190.3bCHF 54.2bCHF 11.0b16.4x17.3x3.5x
Thu, 18 Jun 2026CHF 177.9bCHF 53.4bCHF 10.6b16.3x16.7x3.3x
Sat, 16 May 2026CHF 169.8bCHF 52.7bCHF 10.5b16x16.2x3.2x
Mon, 13 Apr 2026CHF 160.8bCHF 51.5bCHF 9.5b16.5x17x3.1x
Wed, 11 Mar 2026CHF 152.6bCHF 50.7bCHF 9.2b17x16.5x3x
Fri, 06 Feb 2026CHF 168.8bCHF 50.0bCHF 9.2b17.4x18.3x3.4x
Sun, 04 Jan 2026CHF 181.4bCHF 50.1bCHF 9.1b17.5x19.9x3.6x
Tue, 02 Dec 2025CHF 159.7bCHF 50.6bCHF 9.2b16.7x17.4x3.2x
Thu, 30 Oct 2025CHF 159.2bCHF 49.5bCHF 8.3b18.5x19.1x3.2x
Sat, 27 Sep 2025CHF 166.3bCHF 49.4bCHF 8.3b16.6x20x3.4x
Mon, 25 Aug 2025CHF 170.3bCHF 49.3bCHF 8.2b20.3x20.7x3.5x
Wed, 23 Jul 2025CHF 156.2bCHF 49.4bCHF 7.1b16x21.9x3.2x
Fri, 20 Jun 2025CHF 135.4bCHF 50.7bCHF 7.4b14.3x18.3x2.7x
Sun, 18 May 2025CHF 152.1bCHF 51.8bCHF 7.5b15.3x20.2x2.9x
Tue, 15 Apr 2025CHF 133.1bCHF 50.8bCHF 7.4b13.4x17.9x2.6x
Thu, 13 Mar 2025CHF 157.2bCHF 54.0bCHF 7.8b17.5x20.2x2.9x
Sat, 08 Feb 2025CHF 167.6bCHF 55.0bCHF 7.7b16.8x21.8x3x
Mon, 06 Jan 2025CHF 156.7bCHF 53.4bCHF 6.5b20.6x24x2.9x
Wed, 04 Dec 2024CHF 158.2bCHF 52.3bCHF 6.4b20.5x24.7x3x
Fri, 01 Nov 2024CHF 149.6bCHF 51.3bCHF 6.3b17.5x23.7x2.9x
Sun, 29 Sep 2024CHF 147.1bCHF 49.8bCHF 4.4b17.4x33.3x3x
Tue, 27 Aug 2024CHF 146.3bCHF 50.2bCHF 4.5b17.8x32.8x2.9x
Thu, 25 Jul 2024CHF 147.1bCHF 49.4bCHF 27.7b15.6x5.3x3x
Sat, 22 Jun 2024CHF 145.8bCHF 49.7bCHF 28.0b15.2x5.2x2.9x
Mon, 20 May 2024CHF 150.2bCHF 50.3bCHF 28.4b16.5x5.3x3x
Wed, 17 Apr 2024CHF 144.8bCHF 47.0bCHF 27.9b16.8x5.2x3.1x
Fri, 15 Mar 2024CHF 150.7bCHF 46.0bCHF 28.1b18.8x5.4x3.3x
Sun, 11 Feb 2024CHF 135.4bCHF 45.6bCHF 27.8b15.4x4.9x3x
Tue, 09 Jan 2024CHF 142.1bCHF 71.0bCHF 34.5b14.3x4.1x2x
Thu, 07 Dec 2023CHF 137.8bCHF 72.0bCHF 35.4b13.7x3.9x1.9x
Sat, 04 Nov 2023CHF 126.5bCHF 69.9bCHF 38.3b13.9x3.3x1.8x
Mon, 02 Oct 2023CHF 130.4bCHF 70.6bCHF 38.8b13.8x3.4x1.8x
Wed, 30 Aug 2023CHF 120.9bCHF 69.2bCHF 14.0b13.7x8.6x1.7x
Price to Earnings Ratio

8.6x


Total Market Cap: CHF 120.9bTotal Earnings: CHF 14.0bTotal Revenue: CHF 69.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Capital Markets Industry Price to Earnings3Y Average 15.6x202420252026
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 15.6x.
  • The 3-year average PS ratio of 2.9x 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 4.8% per year over the last three years,
  • Revenues have also declined 6.7% 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-0.082%
Financials-1.35%
Capital Markets-1.97%
Investment Banking and Brokerage3.60%
Asset Management-1.68%
Diversified Capital Markets-2.41%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 12.6%, which is lower than the prior year's growth of 51.5% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 21.5x.
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 52% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 7.7% 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
SQN Swissquote Group HoldingCHF 39.806.0%
+CHF 338.7m		-24.8%PE16.5x
LEON LeonteqCHF 21.2012.6%
+CHF 42.1m		25.1%PS2.4x
VONN Vontobel HoldingCHF 89.900.1%
+CHF 5.6m		45.9%PE13.3x
REALU RealUnit SchweizCHF 1.392.2%
+CHF 992.8k		12.1%PE5.9x
NBEN nebag agCHF 6.601.5%
+CHF 912.8k		7.3%PE140.8x

Latest News

EFGN
CHF 16.36
EFG International
7D
-5.0%
1Y
1.7%
LEON
CHF 21.20
Leonteq
7D
12.6%
1Y
25.1%
PGHN
CHF 715.80
Partners Group Holding
7D
-1.6%
1Y
-36.8%
UBSG
CHF 42.50
UBS Group
7D
-2.4%
1Y
31.5%
SQN
CHF 39.80
Swissquote Group Holding
7D
6.0%
1Y
-24.8%
Narrative Update • Aug 18

SQN: Post Earnings Reset And Trading Volumes Will Drive Next Phase

Analysts have trimmed their fair value estimate for Swissquote Group Holding from CHF 62.00 to CHF 60.00, reflecting slightly lower revenue growth assumptions and a reduced future P/E. They still point to supportive recent upgrades that focus on valuation and perceived risk or reward after the post earnings share price reaction.
VZN
CHF 175.20
VZ Holding
7D
-0.1%
1Y
-0.9%
GAM
CHF 0.08
GAM Holding
7D
0.5%
1Y
-20.0%
VONN
CHF 89.90
Vontobel Holding
7D
0.1%
1Y
45.9%
BBN
CHF 7.28
Bellevue Group
7D
0.6%
1Y
-8.5%
BAER
CHF 74.48
Julius Bär Gruppe
7D
-1.7%
1Y
24.9%
HBMN
CHF 238.50
HBM Healthcare Investments
7D
-4.4%
1Y
35.7%
CFT
CHF 259.50
Compagnie Financière Tradition
7D
-3.0%
1Y
0.2%
NBEN
CHF 6.60
nebag ag
7D
1.5%
1Y
7.3%
REALU
CHF 1.39
RealUnit Schweiz
7D
2.2%
1Y
12.1%
SQL
CHF 3.50
Matador Secondary Private Equity
7D
-9.3%
1Y
-17.6%