MSCI Inc.

BRSE:3HM Stock Report

Market Cap: CHF 34.8b

MSCI Valuation

Is 3HM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 3HM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 3HM (CHF485.96) is trading below our estimate of future cash flow value (CHF602.83)

Significantly Below Future Cash Flow Value: 3HM is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3HM?

Key metric: As 3HM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3HM. This is calculated by dividing 3HM's market cap by their current earnings.
What is 3HM's PE Ratio?
PE Ratio33x
EarningsUS$1.32b
Market CapUS$43.62b

Price to Earnings Ratio vs Peers

How does 3HM's PE Ratio compare to its peers?

The above table shows the PE ratio for 3HM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
PGHN Partners Group Holding
14.3x8.26%CHF 18.0b
BAER Julius Bär Gruppe
17.4x13.61%CHF 13.3b
UBSG UBS Group
16.3x12.33%CHF 118.2b
VZN VZ Holding
24.6x8.06%CHF 5.8b
3HM MSCI
33x9.78%CHF 43.6b

Price-To-Earnings vs Peers: 3HM is expensive based on its Price-To-Earnings Ratio (33x) compared to the peer average (18.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 3HM's PE Ratio compare vs other companies in the European Capital Markets Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3HM 33.0xIndustry Avg. 14.1xNo. of Companies40PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3HM is expensive based on its Price-To-Earnings Ratio (33x) compared to the European Capital Markets industry average (14.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3HM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3HM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3HM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3HM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 485.96
CHF 548.13
+12.79%
6.66%CHF 581.12CHF 437.83n/a16
Jun ’27n/a
CHF 537.38
0%
6.66%CHF 569.72CHF 429.24n/a16
May ’27n/a
CHF 542.24
0%
6.81%CHF 577.49CHF 435.09n/a16
Apr ’27n/a
CHF 535.45
0%
8.20%CHF 571.41CHF 425.18n/a16
Mar ’27n/a
CHF 521.47
0%
6.90%CHF 552.75CHF 411.30n/a16
Feb ’27n/a
CHF 524.51
0%
6.92%CHF 555.79CHF 413.56n/a15
Jan ’27n/a
CHF 520.25
0%
6.81%CHF 562.45CHF 423.82n/a15
Dec ’26n/a
CHF 529.23
0%
6.63%CHF 571.44CHF 430.59n/a16
Nov ’26n/a
CHF 525.47
0%
6.88%CHF 569.54CHF 429.16n/a16
Oct ’26n/a
CHF 498.67
0%
7.78%CHF 557.90CHF 414.44n/a16
Sep ’26n/a
CHF 501.60
0%
7.94%CHF 566.27CHF 420.65n/a15
Aug ’26n/a
CHF 501.49
0%
7.87%CHF 568.58CHF 422.38n/a15
Jul ’26n/a
CHF 487.57
0%
8.07%CHF 535.55CHF 412.57n/a15
Jun ’26n/a
CHF 513.44
0%
8.07%CHF 563.96CHF 434.45n/a15
May ’26n/a
CHF 509.80
0%
8.07%CHF 559.97CHF 431.38n/a15
Apr ’26n/a
CHF 591.24
0%
8.44%CHF 648.66CHF 475.51n/a14
Mar ’26n/a
CHF 591.24
0%
8.44%CHF 648.66CHF 475.51n/a14
Feb ’26n/a
CHF 599.84
0%
8.70%CHF 658.45CHF 482.68n/a14
Jan ’26n/a
CHF 591.35
0%
9.42%CHF 651.11CHF 459.29n/a14
Dec ’25n/a
CHF 563.83
0%
9.07%CHF 616.32CHF 449.03n/a13
Nov ’25n/a
CHF 552.90
0%
9.05%CHF 606.34CHF 441.76n/a13
Oct ’25n/a
CHF 507.28
0%
9.59%CHF 592.35CHF 423.11n/a13
Sep ’25n/a
CHF 509.59
0%
7.54%CHF 563.40CHF 433.39n/a13
Aug ’25n/a
CHF 520.13
0%
8.41%CHF 575.63CHF 438.36n/a12
Jul ’25n/a
CHF 502.99
0%
10.08%CHF 583.05CHF 417.76n/a13
Jun ’25n/a
CHF 502.99
0%
10.08%CHF 583.05CHF 417.76n/a13
CHF 558.51
Fair Value
13.0% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 21:38
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MSCI Inc. is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manav PatnaikBarclays
Arnaud Maurice GiblatBNP Paribas
Gregory SimpsonBNP Paribas