Schweizerische Nationalbank (SNBN) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Schweizerische Nationalbank stock CHF 6,240, price CHF 3,150, upside +98.1%, quality 37 out of 100. Rating: strongly undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee 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 2,930 – CHF 7,815 · fair‑value band CHF 4,680 – CHF 7,800 · the CHF 3,150 price screens below the CHF 6,240 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Schweizerische Nationalbank, an independent central bank, provides banking services to the Swiss Confederation.
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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.
Stock analysis
Schweizerische Nationalbank (SNBN) currently trades at CHF 3,150, while our model-based Fair Value estimate is CHF 6,240, implying the stock looks roughly 50% undervalued today.
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Valuation
How firm this estimate is: it rests on 4 models at a data quality of 96/100, which puts the data coverage at medium.
Scenario range: CHF 4,680 (bear) to CHF 7,800 (bull), the price of CHF 3,150 sits below 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 37/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Schweizerische Nationalbank 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.
Key figures
Market cap CHF 315M Small · P/E ratio 0.0 · EPS (TTM) CHF 666,186 · Return on equity 12.0% · Return on assets (EBIT) −0.1% (5-year average) · Operating margin 132% · Revenue (TTM) CHF 19.4B · Revenue growth (YoY) −25.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 98%, SNBN screens cheaper than that median.
Fair Value models
BearCHF 4,680Fair Value CHF 6,240BullCHF 7,800
Price CHF 3,150 · Upside +98.1%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 571,277 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+964.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+50.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−0.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.1% vs −1.8%, steady
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.99% → 90%
Compare Schweizerische Nationalbank with another stock
Price, fair value, quality and upside side by side.
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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.Banks - Regional · 996 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)12.0% · Above median
Return on assets2.9% · Top 25%
Net margin (12 months)97.8% · Top 25%
Operating margin (12 months)132.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−25.8% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.59× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Schweizerische Nationalbank Fair Value". https://www.fairvalue-calculator.com/stock/SNBN
Frequently asked questions
Is Schweizerische Nationalbank (SNBN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of CHF 6,240 versus a price of CHF 3,150, about +98% upside (undervalued).
What is the fair value of SNBN?
Our model-based fair value for Schweizerische Nationalbank is CHF 6,240 (as of Nov 8, 2026), built from audited fundamentals. The current price: CHF 3,150.
What is the quality score of SNBN?
Schweizerische Nationalbank has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Schweizerische Nationalbank (SNBN)?
Our model-based price target is the fair value of CHF 6,240 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario CHF 4,680, optimistic scenario CHF 7,800. It is a calculation from audited fundamentals, not an analyst target.
What is the Schweizerische Nationalbank stock forecast for 2026?
Our models put fair value at CHF 6,240, about +98% upside versus a price of CHF 3,150 (undervalued). Cautious scenario CHF 4,680, optimistic scenario CHF 7,800. The calculation is refreshed regularly with new filings.
What is the revenue of Schweizerische Nationalbank (SNBN)?
Schweizerische Nationalbank reported trailing-twelve-month revenue of about CHF 19.4B (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Schweizerische Nationalbank (SNBN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Schweizerische Nationalbank it is CHF 6,240 per share (as of Nov 8, 2026), against a price of CHF 3,150. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Schweizerische Nationalbank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SNBN trades below its calculated fair value: price CHF 3,150, fair value CHF 6,240, a gap of about +98% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SNBN?
No. The price is what the market pays today (CHF 3,150); the fair value is what the company's own numbers justify (CHF 6,240). For Schweizerische Nationalbank the two are CHF 3,090 per share apart. That gap is exactly why we show both numbers side by side.
How much is Schweizerische Nationalbank worth?
The market values Schweizerische Nationalbank at about CHF 315M (market capitalisation, as of Nov 8, 2026). Per share that is CHF 3,150; our models calculate a fair value of CHF 6,240 per share.
What do the bullish and bearish scenarios say about SNBN?
Our models span a range for Schweizerische Nationalbank: cautious scenario CHF 4,680, base CHF 6,240, optimistic CHF 7,800 per share (as of Nov 8, 2026, price CHF 3,150). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SNBN?
Schweizerische Nationalbank trades at a price-to-earnings ratio of 0.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 6,240 is built from several models across several years. Other multiples: PEG 1.2, P/S 0.0, EV/EBITDA 3.7.
What is the PEG ratio of SNBN?
The PEG ratio of Schweizerische Nationalbank is 1.25 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Schweizerische Nationalbank (SNBN)?
Balance-sheet figures for Schweizerische Nationalbank (as of Nov 8, 2026): return on equity 12.0%, debt of 0.59 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is SNBN from its 52-week high?
Schweizerische Nationalbank trades at CHF 3,150, about 19% below its 52-week high of CHF 3,883 and 8% above the low of CHF 2,930 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 6,240 is for.
Which stocks are comparable to Schweizerische Nationalbank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Schweizerische Nationalbank stock attractive at the current price?
The data as of Nov 8, 2026: price CHF 3,150, calculated fair value CHF 6,240 (+98%), Quality Score 37/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SNBN calculated?
We run Schweizerische Nationalbank through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of CHF 6,240 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Schweizerische Nationalbank currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Schweizerische Nationalbank (SNBN)?
The closing price on Nov 9, 2026 was CHF 3,150. Our model-based fair value is CHF 6,240, about +98% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Schweizerische Nationalbank right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (CHF 4,680). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Schweizerische Nationalbank
How large is the market capitalisation of Schweizerische Nationalbank (SNBN)?
The market capitalisation of Schweizerische Nationalbank is CHF 315M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Schweizerische Nationalbank (SNBN)?
Earnings per share at Schweizerische Nationalbank are CHF 666,186 (price ÷ EPS = P/E 0.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Schweizerische Nationalbank (SNBN)?
The return on equity (ROE) of Schweizerische Nationalbank is 12.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Schweizerische Nationalbank (SNBN)?
On an EBIT basis the return on assets of Schweizerische Nationalbank is −0.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Schweizerische Nationalbank (SNBN)?
The operating margin of Schweizerische Nationalbank is 132% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Schweizerische Nationalbank (SNBN)?
Revenue at Schweizerische Nationalbank is growing −25.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Schweizerische Nationalbank (SNBN)?
Earnings per share at Schweizerische Nationalbank are growing −25.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Schweizerische Nationalbank (SNBN) generate?
The free cash flow of Schweizerische Nationalbank is CHF 77.8M (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Schweizerische Nationalbank (SNBN) carry?
The net debt of Schweizerische Nationalbank is CHF 659B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026