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Cantonal (state-backed) bank providing retail, corporate and private-banking services in the canton of Lucerne, Switzerland.
Cantonal (state-backed) bank providing retail, corporate and private-banking services in the canton of Lucerne, Switzerland.
Earns most from the gap between the mortgage rates it charges and what it pays on deposits, with commissions from private banking and asset management on top. The canton of Lucerne owns the majority of the shares and guarantees the bank's obligations, which keeps its funding cheap.
In one line: A Swiss state-guaranteed regional bank serving the Lucerne area.
Moat: narrow (regulatory licence, distribution). Cantonal guarantee and a dominant local branch presence anchor low-cost funding and mortgage share.
Headquarters: Lucerne, Switzerland · Founded: 1850 · Employees: 1,206
Size Luzerner Kantonalbank (LUKN.SW) is a Switzerland Financials company (Regional Banks) with a market value of $7.86B, the 41st largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 129.40 on 6 Nov 2026.
Performance Over six months the shares gained 27.6%, against +6.1% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 3.4% over the last twelve months (peer median +8.9%); the operating margin is 45.9% (peer median 41.4%).
Valuation It trades at 1.76× book value against a peer median of 1.41× (8th most expensive of 21).
Credit Luzerner Kantonalbank has 4 bonds outstanding ($1.17B), rated BBB- by the agencies.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 1.03B | CHF 1.02B | CHF 1.24B | CHF 1.19B | CHF 724M |
| Revenue growth | — | -17% | +4% | +65% | — |
| Net income | CHF 315M | CHF 295M | CHF 287M | CHF 265M | CHF 227M |
| Free cash flow | n/a | -CHF 162M | CHF 884M | CHF 1.00B | CHF 68.2M |
| Capital expenditure | n/a | CHF 20.2M | CHF 19.4M | CHF 17.8M | CHF 84.9M |
| Total debt | CHF 26.4B | CHF 26.5B | CHF 24.7B | CHF 23.2B | CHF 25.3B |
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 |
|---|---|---|---|---|---|---|
| Luzerner Kantonalbank LUKN.SW | $7.86B | +28% | -3% | 9% | 1.76× | n/a |
| St.Galler Kantonalbank SGKN.SW | $5.22B | +19% | -13% | 8% | 1.37× | n/a |
| Banque Cantonale Vaudoise BCVN.SW | $14.4B | +20% | -8% | 12% | 3.07× | n/a |
| Zuger Kantonalbank ZUGER.SW | $4.04B | +8% | -10% | 8% | 2.03× | n/a |
| UBS UBSG.SW | $148B | +13% | -5% | 11% | 1.62× | 8.4% |
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 | LUKN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.2% | +1.8% | 9th highest of 21 |
| 6-month return | +27.6% | +6.1% | 3rd highest of 21 |
| Return on equity | 8.9% | 11.9% | 7th lowest of 21 |
| Price / book | 1.76× | 1.41× | 8th most expensive of 21 |
| Trailing P/E | 20.4× | 13.1× | 3rd most expensive of 20 |
| ROE delivered | 8.9% | 12.6% | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Luzerner Kantonalbank LUKN.SW | Switzerland | $7.86B | +28% | -3% | 9% | 1.76× | n/a | 8.9% |
| Commerce Bancshares CBSH | United States | $7.82B | +6% | +9% | 15% | 1.87× | 12.1% | 14.9% |
| Western Alliance Bancorp WAL | United States | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% | 13.2% |
| Shanghai Commercial & Savings Bank 5876.TW | Taiwan | $7.56B | +34% | -17% | 9% | 1.17× | 4.0% | 8.6% |
| AU Small Finance Bank AUBANK.NS | India | $7.39B | -10% | +17% | 16% | 3.21× | 44.0% | 15.7% |
| KakaoBank 323410.KS | South Korea | $7.28B | -15% | +6% | 7% | 1.46× | 8.5% | n/a |
| Prosperity Bancshares, Inc.(R) PB | United States | $8.60B | +4% | +19% | 6% | 0.88× | 7.5% | 6.5% |
| Columbia Banking System COLB | United States | $8.62B | +1% | +22% | 11% | 1.19× | 9.3% | 11.2% |
| Kyoto Financial Group,Inc 5844.T | Japan | $7.14B | -11% | +19% | 8% | 0.79× | 5.9% | 7.9% |
| IDFC First Bank IDFCFIRSTB.NS | India | $7.05B | +10% | +13% | 6% | 1.35× | 24.3% | 6.3% |
| Bank Millennium MIL.WA | Poland | $7.04B | +26% | -2% | 16% | 2.80× | 38.0% | 15.6% |
| Central Bancompany CBC | United States | $9.04B | +38% | +10% | 13% | 2.35× | 10.9% | 12.6% |
| SBI Shinsei Bank 8303.T | Japan | $9.20B | -11% | +27% | 10% | 1.15× | 4.7% | 9.9% |
| BNP Paribas Bank Polska Spolka Akcyjna BNP.WA | Poland | $6.65B | +20% | -8% | 16% | 1.59× | 14.8% | 16.2% |
| United Bankshares UBSI | United States | $6.57B | +11% | +4% | 9% | 1.20× | 9.7% | 9.4% |
| Hachijuni Nagano Bank 8359.T | Japan | $6.53B | +6% | +20% | 7% | 0.85× | 5.6% | 6.5% |
| Ringkjobing Landbobank A/S RILBA.CO | Denmark | $6.44B | +16% | +2% | 20% | 3.58× | 10.2% | 20.5% |
| Bank of Suzhou 002966.SZ | China | $6.41B | +12% | +5% | 11% | 0.79× | 2.8% | 10.9% |
| Cullen/Frost Bankers CFR | United States | $9.65B | +12% | +2% | 16% | 2.52× | 14.2% | 16.2% |
| Rakuten Bank 5838.T | Japan | $6.36B | -9% | +38% | 22% | 2.55× | 8.1% | 21.5% |
| Popular BPOP | United States | $9.83B | +5% | +4% | 17% | 1.58× | 11.1% | 16.6% |
Luzerner Kantonalbank has 4 bonds outstanding with $1.17B face value. The agencies rate it BBB-.