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Swiss private bank focused exclusively on wealth management for high-net-worth clients globally.
Swiss private bank focused exclusively on wealth management for high-net-worth clients globally.
Earns fees as a share of the client assets it manages and trades, together with interest on loans made against clients' portfolios and on property, so activity and interest rates both matter. It split from its asset manager (GAM) in 2009 to become a pure private bank, and lending exposure to Signa, an Austrian property group, cost it heavily in 2023 and 2024.
In one line: A Swiss pure-play private bank, comparable to a boutique US wealth manager.
Moat: narrow (brand, switching costs, scale). Swiss private banking brand and relationship-manager-led client trust, though facing credit-loss reputational hits.
Headquarters: Zurich, Switzerland · Founded: 1890 · Employees: 7,390
Size Julius Baer Gruppe (BAER.SW) is a Switzerland Financials company (Financial Conglomerates) with a market value of $17.1B, the 29th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 67.90 on 6 Nov 2026.
Performance Over six months the shares gained 1.9%, against +1.4% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 0.3% over the last twelve months (peer median +3.2%); the operating margin is 29.8% (peer median 40.3%).
Valuation It trades at 1.89× book value against a peer median of 1.15× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 8.8%; Julius Baer Gruppe delivers 16.2%, so the price asks less than the business earns today.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 6.16B | CHF 6.09B | CHF 6.28B | CHF 5.85B | CHF 4.52B |
| Revenue growth | — | -3% | +7% | +29% | — |
| Net income | CHF 1.14B | CHF 764M | CHF 1.02B | CHF 454M | CHF 950M |
| Free cash flow | CHF 42.8M | -CHF 148M | CHF 1.19B | CHF 2.04B | CHF 1.72B |
| Capital expenditure | CHF 293M | CHF 247M | CHF 254M | CHF 240M | CHF 197M |
| Total debt | n/a | CHF 8.21B | CHF 9.29B | CHF 6.05B | CHF 5.92B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Julius Baer Gruppe BAER.SW | $17.1B | +2% | 0% | 16% | 1.89× | 8.8% |
| UBS UBSG.SW | $148B | +13% | -5% | 11% | 1.62× | 8.4% |
| Vontobel VONN.SW | $6.18B | +36% | +11% | 16% | 1.93× | 6.1% |
| EFG International EFGN.SW | $6.26B | -1% | -1% | 13% | 2.16× | 3.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAER.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | +4.8% | 6th lowest of 21 |
| 6-month return | +1.9% | +1.4% | 10th highest of 20 |
| Return on equity | 16.2% | 11.1% | 7th highest of 21 |
| Price / book | 1.89× | 1.15× | 4th most expensive of 21 |
| Trailing P/E | 12.2× | 11.6× | 8th most expensive of 17 |
| ROE the price implies | 8.8% | 9.2% | 10th least demanding of 21 |
| ROE delivered | 16.2% | 13.1% | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Julius Baer Gruppe BAER.SW | Switzerland | $17.1B | +2% | 0% | 16% | 1.89× | 8.8% | 16.2% |
| HAL Trust HAL.AS | Netherlands | $17.2B | +1% | -5% | 9% | 0.94× | 6.4% | 9.1% |
| Jio Financial Services JIOFIN.NS | India | $16.2B | -8% | +117% | 1% | 1.18× | 19.7% | 1.3% |
| L E Lundbergforetagen LUND-B.ST | Sweden | $15.3B | +16% | -4% | 14% | 1.04× | 8.4% | 14.2% |
| Investment AB Latour LATO-B.ST | Sweden | $14.2B | +19% | +3% | 17% | 3.22× | 27.0% | 16.8% |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 6% | 0.99× | 8.1% | 6.2% |
| China Resources New Energy 001248.SZ | China | $21.5B | n/a | 0% | 7% | 1.20× | 3.7% | n/a |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | India | $13.0B | +4% | -14% | 13% | 1.67× | 20.7% | 13.1% |
| Industrivarden INDU-A.ST | Sweden | $23.4B | +9% | -1% | 27% | 1.03× | 9.4% | 27.2% |
| Washington H. Soul Pattinson and SOL.AX | Australia | $12.5B | +12% | +143% | 20% | 1.42× | 8.9% | 19.8% |
| BitMine Immersion Technologies BMNR | United States | $11.3B | -15% | +1,022% | -151% | 0.94× | 15.1% | -151.2% |
| SBI 8473.T | Japan | $11.2B | -13% | +20% | 28% | 0.91× | 8.0% | 28.4% |
| Exor EXO.AS | Netherlands | $26.2B | +10% | +59% | -13% | 0.46× | 4.6% | -12.6% |
| M&G MNG.L | United Kingdom | $10.3B | +7% | +68% | -4% | 2.91× | 32.8% | -3.8% |
| Ts Financial 2887.TW | Taiwan | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% | 15.3% |
| Aker AKER.OL | Norway | $8.60B | -7% | -17% | 50% | 1.18× | 11.7% | 50.3% |
| Brookfield Business BBUC.TO | Canada | $6.15B | -9% | +106% | -24% | 1.11× | 11.6% | -23.5% |
| Onex ONEX.TO | Canada | $5.91B | -7% | +2% | 5% | 0.60× | 6.5% | 5.2% |
| Azimut AZM.MI | Italy | $5.70B | -1% | +17% | 28% | 2.62× | 24.8% | 28.5% |
| Blue Owl Capital OBDC | United States | $5.39B | -4% | +1% | 4% | 0.77× | 7.1% | 3.9% |
| Main Street Capital MAIN | United States | $5.33B | +6% | +3% | 15% | 1.68× | 12.3% | 14.9% |