Schweizerische Nationalbank, an independent central bank, (SNBN) Fair Value & Analysis
Financial Services · CH · Market cap CHF 301M
Fair value as of: Jul 18, 2026
From 6 valuation models · updated 24 days ago
Fair value updated Jul 18, 2026, revised from CHF 6,200 to CHF 1,842 (−70.3%) since Jun 26, 2026. Share price +3.0% over the past month.
Below-average quality, and screening another 41% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 2,303). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range CHF 2,930 – CHF 7,815 · fair‑value band CHF 1,382 – CHF 2,303 · the CHF 3,100 price screens above the CHF 1,842 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Schweizerische Nationalbank, an independent central bank, (SNBN) currently trades at CHF 3,100, while our model-based Fair Value estimate is CHF 1,842, implying the stock looks roughly 40.6% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Schweizerische Nationalbank, an independent central bank, generated revenue of CHF 19.4B at a net margin of 97.8%. Revenue declined 25.8% year over year. It earns a return on equity of 12.0%. Net debt stands at CHF 659B. Fundamentals as of Jul 18, 2026
Our scenario range runs from CHF 1,382 (bear case) to CHF 2,303 (bull case); at CHF 3,100, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -41%, SNBN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 6 models by family
Widest divergence: Multiples (CHF 2,330,401) versus Dividend Discount (CHF 191.83). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 45
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Schweizerische Nationalbank, an independent central bank, provides banking services to the Swiss Confederation. Its services include account management, payment transactions, liquidity management, custody of securities, and the issuance of money market debt register claims and Confederation bonds on behalf of and for the account of the Confederation.
Full company description
Schweizerische Nationalbank, an independent central bank, provides banking services to the Swiss Confederation. Its services include account management, payment transactions, liquidity management, custody of securities, and the issuance of money market debt register claims and Confederation bonds on behalf of and for the account of the Confederation. The company also provides digital services, such as Iconomix, a digital educational programme; data portals; live and recorded news; RSS feed, time schedule, and news alerts; and on-site services, including conferences and seminars, workspaces, and books and academic journals on monetary policy, economics, and cash and banking, as well as operates a study center. Schweizerische Nationalbank was founded in 1907 and is headquartered in Bern, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Schweizerische Nationalbank, an independent central bank, reported revenue of −CHF 7.8B in FY2025 versus CHF 26.6B in FY2021. Reported net income was CHF 26.1B in FY2025, compounding −0.1%/yr from FY2021.
SNBN screens 41% overvalued. Compare with PT Bank Central Asia Tbk →
Peer Group
Banks - Regional · 1083 stocks
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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,970 IDR | 4,891 IDR | +65% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,310 IDR | 7,841 IDR | +82% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 107,900 KRW | 137,259 KRW | +27% |
| Hana Financial Group 086790 | 136,800 KRW | 193,969 KRW | +42% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 193.10 CLP | 152.55 CLP | -21% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 59,400 VND | 84,201 VND | +42% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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