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Cantonal (state-backed) bank providing retail, corporate and private-banking services in the canton of Vaud, Switzerland.
Cantonal (state-backed) bank providing retail, corporate and private-banking services in the canton of Vaud, Switzerland.
Earns mostly the gap between interest on mortgages and loans and the cost of deposits, with fees from private banking, asset management and payments. The Canton of Vaud holds the majority of its shares and guarantees its obligations.
In one line: A Swiss state-guaranteed regional bank around Lausanne/Lake Geneva.
Moat: narrow (regulatory licence, distribution, brand). State guarantee and branch density in home canton support low-cost deposits and mortgage share.
Headquarters: Lausanne, Switzerland · Founded: 1845 · Employees: 2,083
Size Banque Cantonale Vaudoise (BCVN.SW) is a Switzerland Financials company (Regional Banks) with a market value of $14.4B, the 30th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 136.80 on 6 Nov 2026.
Performance Over six months the shares gained 20.3%, against +6.0% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +2.5%); the operating margin is 41.6% (peer median 42.1%).
Valuation It trades at 3.07× book value against a peer median of 1.31× (2nd most expensive of 21).
Credit Banque Cantonale Vaudoise has 1 bond outstanding ($268M).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.46B | CHF 1.47B | CHF 1.69B | CHF 1.60B | CHF 1.18B |
| Revenue growth | — | -13% | +6% | +35% | — |
| Net income | CHF 440M | CHF 430M | CHF 441M | CHF 469M | CHF 388M |
| Free cash flow | n/a | CHF 482M | CHF 5.96B | CHF 2.15B | CHF 2.44B |
| Capital expenditure | n/a | CHF 69.0M | CHF 159M | CHF 82.0M | CHF 54.0M |
| Total debt | n/a | CHF 16.5B | CHF 16.6B | CHF 16.4B | CHF 14.9B |
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 |
|---|---|---|---|---|---|---|
| Banque Cantonale Vaudoise BCVN.SW | $14.4B | +20% | -8% | 12% | 3.07× | n/a |
| St.Galler Kantonalbank SGKN.SW | $5.22B | +19% | -13% | 8% | 1.37× | n/a |
| Luzerner Kantonalbank LUKN.SW | $7.86B | +28% | -3% | 9% | 1.76× | n/a |
| UBS UBSG.SW | $148B | +13% | -5% | 11% | 1.62× | 8.4% |
| Banque Cantonale de Geneve BCGE.SW | $3.17B | +12% | -3% | 10% | 1.01× | n/a |
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 | BCVN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | +1.2% | 4th highest of 21 |
| 6-month return | +20.3% | +6.0% | 5th highest of 21 |
| Return on equity | 11.6% | 9.5% | 10th highest of 21 |
| Price / book | 3.07× | 1.31× | 2nd most expensive of 21 |
| Trailing P/E | 26.7× | 13.4× | most expensive of 20 |
| ROE delivered | 11.6% | 9.6% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Yokohama Financial 7186.T | Japan | $11.1B | +7% | +21% | 8% | 1.21× | 8.1% | 8.0% |
| First Horizon FHN | United States | $10.9B | -6% | -8% | 8% | 1.34× | 9.7% | 8.0% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Chiba Bank 8331.T | Japan | $10.3B | +9% | +31% | 8% | 1.28× | 6.9% | 8.3% |
| Wintrust Financial WTFC | United States | $10.2B | 0% | +6% | 13% | 1.49× | 12.2% | 12.9% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Chang Hwa Commercial Bank 2801.TW | Taiwan | $10.2B | +34% | +3% | 9% | 1.46× | 4.7% | 9.2% |
Banque Cantonale Vaudoise has 1 bond outstanding with $268M face value.