Vontobel Holding (VONN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Vontobel Holding stock CHF 55.80, price CHF 90.60, that is 38.4% below the price, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Vontobel Holding
VONN · SWOur calculation puts a fair price 38% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range CHF 41.29 – CHF 94.40 · fair‑value band CHF 40.82 – CHF 69.74 · the CHF 90.60 price screens above the CHF 55.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Vontobel Holding AG, together with its subsidiaries, provides various financial services to private and institutional clients in Switzerland and internationally. The company offers fixed advances, current account overdrafts, guarantees, and margin requirements for derivative transactions.
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It also offers private equity and credit, and venture capital; investment solutions for equities, fixed income, quantitative, multi asset, and private markets; and structured solutions.
In addition, the company provides real estate financing and lombard loans; our structured products, including investment products, and thematic investments; leverage products, such as constant leverage certificates, mini futures, warrants, warrants with knock-out, and warrants with knock-out open-end; and thematic investments, comprising strategic and tracker certificates.
Further, it offers barrier reverse convertibles, barrier reverse convertibles with conditional coupon, bonus certificates, bonus certificates with cap, callable barrier reverse convertibles, callable reverse convertibles, capital protection notes, capped capital protection notes, credit linked notes, discount certificates, discount certificates with barrier, multi barrier reverse convertibles, multi barrier reverse convertibles with conditional coupon, multi bonus certificates, multi bonus certificates with cap, multi callable barrier reverse convertibles, multi callable reverse convertibles, multi reverse convertibles, multi reverse convertibles with conditional coupon, outperformance certificates, outperformance certificates with cap, and reverse convertibles.
Vontobel Holding AG was founded in 1924 and is headquartered in Zurich, Switzerland.
Stock analysis
Vontobel Holding (VONN) currently trades at CHF 90.60, while our model-based Fair Value estimate is CHF 55.80, 38% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 55.80 per share, and 0 of the 6 models we run sit above the CHF 90.60 price.
Bear case: the Asset-Based group reads lowest at CHF 22.44, and 6 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: CHF 40.82 (bear) to CHF 69.74 (bull), the price of CHF 90.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Vontobel Holding reported revenue of CHF 1.5B in FY2025 versus CHF 1.9B in FY2021, a compound −5.8%/yr. Reported net income was CHF 280M in FY2025, compounding −7.0%/yr from FY2021.
Key figures
Market cap CHF 5.2B Mid · P/E ratio 13.6 · P/S ratio 3.25 · EPS (TTM) CHF 6.66 · Dividend yield 3.3% · Net margin 23.9% · Return on equity 15.6% · Return on assets (EBIT) 1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −38%, VONN screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
VONN screens overvalued: fair value 38% below the price. Compare with Blackstone Inc →
Earlier news
- Vontobel Holding (SWX:VONN) Stock May Be 27% Undervalued As Excess Returns Hold Up
- Vontobel’s H1 profit jumps 87% as efficiency gains strengthen results
- Vontobel co-CEO to lead Swiss wealth banks association
- Vontobel Strengthens US Presence With New Los Angeles Office
Compare Vontobel Holding with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 588 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Piotroski F-Score screener with fair value
- Valuation of the Switzerland market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Exor N.V EXO | €73.35 | €139.37 | +90% | vs VONN |
| Raymond James Financial, Inc RJF | $162.81 | $281.42 | +73% | vs VONN |
| Apollo Global Management, Inc APO | $116.75 | $197.52 | +69% | vs VONN |
| Ameriprise Financial, Inc AMP | $501.49 | $609.56 | +22% | vs VONN |
| State Street Corporation STT | $165.56 | $139.37 | −16% | vs VONN |
| Ares Management Corporation ARES | $133.98 | $99.35 | −26% | vs VONN |
| Northern Trust Corporation NTRS | $172.76 | $123.42 | −29% | vs VONN |
| Brookfield Asset Management Ltd BAM | $52.95 | $31.26 | −41% | vs VONN |
| Blackstone Inc BX | $119.50 | $52.29 | −56% | vs VONN |
| KKR & Co KKR | $96.48 | $27.32 | −72% | vs VONN |
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Key figures of Vontobel Holding
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