Who are Jungfraubahn's main competitors?

Named competitors: Titlis Bergbahnen (private or unlisted), Zermatt Bergbahnen (private or unlisted), Pilatus Bahnen (private or unlisted). The cockpit's measured peer set (industry) also includes Keihan (9045.T), Keikyu (9006.T), Keio (9008.T), China Railway Tielong Container Logistics (600125.SS), Guangshen Railway (0525.HK), Kyushu Railway (9142.T).

How has Jungfraubahn stock performed?

Over six months to 6 Nov 2026 the shares returned +0.8% against +0.4% for the median peer; over one year +10.9%.

← CockpitCompetitor Analysis › JFN.SW Jungfraubahn Holding AGOpen in the cockpit ↗

Jungfraubahn Holding AGJFN.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Industrials›Railroads

Swiss operator of mountain railways and cable cars to Jungfraujoch and other Bernese Oberland attractions.

≈ A Swiss scenic mountain-railway and resort operatorMomentum strong 60

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.81B

US dollars, full cap

Free float

90%

of shares outstanding

$/day

$1.51M

20-day average traded

Fwd P/E

22.2×

forward earnings

ROIC−WACC

+0.9 pp

WACC 5.0%

Hurdle

-18 pp

Req g minus delivered

Next earnings

153 days

8 Apr 2027

Close · CHFCHF 265.00

1D-1.1%

1W+3.5%

1M+16.5%

3M+5.8%

6M+0.8%

YTD-7.3%

1Y+10.9%

ATR %2.4%

52w lowhigh19.0% off high

What Jungfraubahn does

Swiss operator of mountain railways and cable cars to Jungfraujoch and other Bernese Oberland attractions.

Sells tickets to ride its trains and cable cars, with the Jungfraujoch railway the key line, plus restaurants, shops and hotels at stations. A large share of visitors are foreign tourists, so earnings follow international travel and the Swiss franc.

In one line: A Swiss scenic mountain-railway and resort operator.

Products and services

Jungfraujoch railway
Cable cars/gondolas (First, Mannlichen)
Hotels & gastronomy

Customers

International & Swiss tourists
Day-trip and ski visitors

Where it sits in the supply chain

Tourism/leisure
Mountain railways & cable cars
Alpine tourist attractions

What could go right

Asian tourist demand recovery
Premium visitor spending

What could go wrong

Weather/climate variability
Strong franc deterring foreign visitors

Moat: wide (installed base, regulatory licence, brand). Unique, irreplaceable rail infrastructure to an iconic attraction is hard to replicate.

Headquarters: Interlaken, Switzerland · Founded: 1894 · Employees: 757

Named competitors

Titlis Bergbahnen private or unlisted
Zermatt Bergbahnen private or unlisted
Pilatus Bahnen private or unlisted

Jungfraubahn at a glance

Size Jungfraubahn (JFN.SW) is a Switzerland Industrials company (Railroads) with a market value of $1.81B, the 98th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 265.00 on 6 Nov 2026.

Performance Over six months the shares gained 0.8%, against +0.4% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 7th highest of 14 in its peer set.

Growth Revenue fell 4.5% over the last twelve months (peer median +4.8%); the operating margin is 21.5% (peer median 11.1%).

Valuation It trades at 22.2× forward earnings against a peer median of 12.5× (2nd most expensive of 13).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -18 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.9 points above its cost of capital (5.0% WACC).

Next results Next results expected around 8 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Jungfraubahn against the median of its 13 peers (local-currency closes).

Jungfraubahn financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CHF 246M	CHF 259M	CHF 250M	CHF 235M	CHF 169M
Revenue growth	—	+4%	+6%	+39%	—
Gross profit	CHF 104M	CHF 116M	CHF 112M	CHF 112M	CHF 54.3M
EBITDA	CHF 92.6M	CHF 93.8M	CHF 90.1M	CHF 97.7M	CHF 49.8M
Net income	CHF 70.0M	CHF 78.2M	CHF 75.7M	CHF 79.1M	CHF 43.6M
Free cash flow	CHF 125M	CHF 76.5M	CHF 69.7M	CHF 59.5M	CHF 58.4M
Capital expenditure	CHF 32.5M	CHF 34.4M	CHF 46.6M	CHF 37.5M	CHF 29.1M
Total debt	n/a	CHF 121M	CHF 122M	CHF 0	CHF 6.10M

Quarterly statements and history in the cockpit →

Jungfraubahn competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Jungfraubahn is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jungfraubahn is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Jungfraubahn is the large dot.

Jungfraubahn competitors and peer comparison

How Jungfraubahn compares with its peers

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.

Jungfraubahn against its 13 peers (data as of 6 Nov 2026)
Measure	JFN.SW	Peer median	Rank in peer set
1-month return	+16.5%	+3.4%	highest of 14
6-month return	+0.8%	+0.4%	7th highest of 14
Distance from 52-week high	-19.0%	-11.1%	4th lowest of 14
Revenue growth (TTM)	-4.5%	+4.8%	2nd lowest of 14
Operating margin	21.5%	11.1%	2nd highest of 14
Forward P/E	22.2×	12.5×	2nd most expensive of 13
Growth the price implies (Req g, 7 yrs)	4.4%	6.6%	2nd least demanding of 5
Growth delivered (Del g)	+22.3%	+4.4%	highest of 5
Hurdle (Req g minus delivered)	-17.9 pp	+2.2 pp	least demanding of 5
ROIC minus cost of capital	+0.9 pp	-1.6 pp	2nd highest of 13
EV / EBITDA	15.5×	11.4×	3rd most expensive of 11
Net debt / EBITDA	-0.5×	5.6×	2nd least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Jungfraubahn JFN.SW	Switzerland	$1.81B	+1%	-4%	21%	22.2×	4.4%	+22.3%
Keihan 9045.T	Japan	$2.15B	+3%	+10%	15%	11.5×	n/a	n/a
Keikyu 9006.T	Japan	$2.73B	+2%	+4%	11%	13.4×	n/a	n/a
Keio 9008.T	Japan	$2.80B	+3%	+10%	10%	10.5×	n/a	n/a
China Railway Tielong Container Logistics 600125.SS	China	$1.06B	-12%	-2%	7%	11.5×	-21.0%	-5.4%
Guangshen Railway 0525.HK	Hong Kong	$3.12B	-9%	+5%	6%	9.6×	n/a	n/a
Kyushu Railway 9142.T	Japan	$3.53B	0%	+5%	14%	11.3×	n/a	n/a
Container Corporation of India CONCOR.NS	India	$3.55B	-16%	+1%	14%	25.4×	33.8%	+7.2%
China High-Speed Railway Technology 000008.SZ	China	$919M	-14%	-11%	-19%	n/a	8.7%	+2.1%
Tobu Railway 9001.T	Japan	$3.58B	+3%	+5%	11%	10.0×	n/a	n/a
Odakyu Electric Railway 9007.T	Japan	$3.80B	+11%	+3%	13%	15.1×	n/a	n/a
Aurizon AZJ.AX	Australia	$4.49B	-5%	+6%	21%	14.8×	4.4%	+6.7%
Keisei Electric Railway 9009.T	Japan	$4.51B	+26%	+4%	11%	15.5×	n/a	n/a
GATX GATX	United States	$6.38B	-2%	+30%	30%	17.0×	n/a	n/a

Questions

Who are Jungfraubahn's main competitors?: Named competitors: Titlis Bergbahnen (private or unlisted), Zermatt Bergbahnen (private or unlisted), Pilatus Bahnen (private or unlisted). The cockpit's measured peer set (industry) also includes Keihan (9045.T), Keikyu (9006.T), Keio (9008.T), China Railway Tielong Container Logistics (600125.SS), Guangshen Railway (0525.HK), Kyushu Railway (9142.T).
Is Jungfraubahn expensive compared with its peers?: On forward p/e it trades at 22.2× against a peer median of 12.5×, 2nd most expensive of 13 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -18 pp: the price already allows for a slowdown.
How has Jungfraubahn stock performed?: Over six months to 6 Nov 2026 the shares returned +0.8% against +0.4% for the median peer; over one year +10.9%.