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← CockpitCompetitor Analysis › TKBP.SW Thurgauer KantonalbankOpen in the cockpit ↗

Thurgauer KantonalbankTKBP.SWCompetitor analysis, valuation and peers

Switzerland · CHF·Financials›Regional Banks
Momentum neutral 50
Mkt cap
$838M
US dollars, full cap
Free float
20%
of shares outstanding
$/day
$434,074
20-day average traded
P/B
0.23×
price to book
ROE
5.6%
delivered
Implied ROE
n/a
what the price asks
Close · CHFCHF 171.00
1D-0.9%
1W+6.2%
1M+8.2%
3M+6.9%
6M-5.5%
YTD+4.9%
1Y+9.3%
ATR %1.9%
52w lowhigh11.9% off high

What Thurgauer Kantonalbank does

Employees: 869

Thurgauer Kantonalbank at a glance

Size Thurgauer Kantonalbank (TKBP.SW) is a Switzerland Financials company (Regional Banks) with a market value of $838M, the 125th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 171.00 on 6 Nov 2026.

Performance Over six months the shares fell 5.5%, against +6.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 4th lowest of 20 in its peer set.

Growth Revenue fell 10.6% over the last twelve months (peer median +9.6%); the operating margin is 37.6% (peer median 35.4%).

Valuation It trades at 0.23× book value against a peer median of 1.11× (cheapest of 21).

Credit Thurgauer Kantonalbank has 1 bond outstanding ($244M).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 109TKBP.SW 95
Six months, rebased to 100: Thurgauer Kantonalbank against the median of its 20 peers (local-currency closes).

Thurgauer Kantonalbank financials

Reported figures in CHF; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCHF 548MCHF 560MCHF 677MCHF 681MCHF 433M
Revenue growth—-17%-1%+57%—
Net incomeCHF 163MCHF 162MCHF 158MCHF 159MCHF 148M
Free cash flown/aCHF 116MCHF 245MCHF 200MCHF 376M
Capital expendituren/aCHF 5.07MCHF 14.1MCHF 10.0MCHF 12.4M
Total debtn/aCHF 13.4BCHF 13.1BCHF 11.1BCHF 11.6B

Quarterly statements and history in the cockpit →

Thurgauer Kantonalbank 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

-20%0%+20%-20%0%S4183458387FCBCSMBKCCBGORRFPGC7350GSBCMPBIBCPCBG1983AGBKFISI2849TKBP.SW6-month return →1-month return →
Up and to the right = strong over both horizons. Thurgauer Kantonalbank is the large dot.

Fundamentals: return on equity against price-to-book

0%10%20%30%0.50×10×1.50×RCBCS4183458387FCBCSMBKCCBGORRFPGC7350GSBCMPBSPFICBG1983FISI2849TKBP.SWReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Thurgauer Kantonalbank is the large dot.

Thurgauer Kantonalbank competitors and peer comparison

How Thurgauer Kantonalbank 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.

Thurgauer Kantonalbank against its 20 peers (data as of 6 Nov 2026)
MeasureTKBP.SWPeer medianRank in peer set
1-month return+8.2%-0.1%highest of 21
6-month return-5.5%+6.8%4th lowest of 20
Return on equity5.6%10.2%5th lowest of 20
Price / book0.23×1.11×cheapest of 21
Trailing P/E4.2×12.2×2nd cheapest of 19
ROE delivered5.6%10.2%5th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Thurgauer Kantonalbank TKBP.SWSwitzerland$838M-6%-11%6%0.23×n/a5.6%
River City Bank RCBCUnited States$832Mn/a+1%16%1.38×7.6%15.9%
Hong Leong Finance S41.SISingapore$846M-5%-27%3%0.51×2.5%3.1%
Bank of Iwate 8345.TJapan$857M-6%+24%5%0.64×5.7%5.2%
Shikoku Bank 8387.TJapan$857M+26%+36%10%0.68×5.4%9.6%
First Community Bankshares FCBCUnited States$860M+4%+9%12%1.58×9.9%11.8%
SmartFinancial SMBKUnited States$816M+13%+10%11%1.40×10.8%11.1%
Capital City Bank CCBGUnited States$861M+7%0%11%1.50×8.4%11.3%
Orrstown Financial Services ORRFUnited States$862M+18%+1%15%1.42×10.5%14.8%
Peapack-Gladstone Financial PGCUnited States$814M+7%+11%9%1.10×9.1%8.9%
Okinawa Financial 7350.TJapan$865M+14%+21%8%0.83×6.3%7.7%
Great Southern Bancorp GSBCUnited States$868M+16%-10%10%1.42×9.3%10.2%
Mid Penn Bancorp MPBUnited States$873M+5%+18%8%0.97×7.2%8.4%
Independent Bank IBCPUnited States$802M+5%+3%14%1.39×10.6%13.5%
South Plains Financial SPFIUnited States$800M+4%+10%13%1.28×8.4%12.6%
Close Brothers CBG.LUnited Kingdom$791M-10%-12%-6%0.40×8.8%-5.9%
Luzhou Bank 1983.HKHong Kong$790M-5%+6%14%0.45×4.0%14.0%
NB Bancorp NBBKUnited States$902M+10%+36%8%1.13×6.8%8.4%
AGI AGBKUnited States$777M-31%n/an/a0.84×11.3%n/a
Financial Institutions FISIUnited States$776M+12%+42%30%1.29×n/a30.0%
Entie Commercial Bank 2849.TWTaiwan$927M+14%+10%5%0.86×3.2%5.4%

Thurgauer Kantonalbank bonds and credit

Thurgauer Kantonalbank has 1 bond outstanding with $244M face value.

Every bond, yield and spread in the cockpit →

Questions

Which companies are Thurgauer Kantonalbank's closest peers?
The cockpit's peer set: River City Bank (RCBC), Hong Leong Finance (S41.SI), Bank of Iwate (8345.T), Shikoku Bank (8387.T), First Community Bankshares (FCBC), SmartFinancial (SMBK), Capital City Bank (CCBG), Orrstown Financial Services (ORRF).
Is Thurgauer Kantonalbank expensive compared with its peers?
On price / book it trades at 0.23× against a peer median of 1.11×, cheapest of 21 in its peer set.
How has Thurgauer Kantonalbank stock performed?
Over six months to 6 Nov 2026 the shares returned -5.5% against +6.8% for the median peer; over one year +9.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.