Vontobel Holding (VONN) Fair Value & Analysis
Financial Services · CH · Market cap CHF 4.4B
Fair value as of: Jul 14, 2026
From 2 valuation models · updated 27 days ago
Share price +15.1% over the past month.
A solid business, but screening 29% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 77.82). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- 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 14, 2026.
How to read this chart
60‑month range CHF 41.29 – CHF 87.60 · fair‑value band CHF 46.69 – CHF 77.82 · the CHF 87.60 price screens above the CHF 62.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Vontobel Holding (VONN) currently trades at CHF 87.60, while our model-based Fair Value estimate is CHF 62.26, implying the stock looks roughly 28.9% overvalued today. The Quality Score stands at 59/100 (solid 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, Vontobel Holding generated revenue of CHF 1.4B at a net margin of 19.6%. Revenue grew 6.8% year over year. It earns a return on equity of 11.9%. Net debt stands at CHF 16.2B. Fundamentals as of Jul 14, 2026
Our scenario range runs from CHF 46.69 (bear case) to CHF 77.82 (bull case); at CHF 87.60, 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 near its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -29%, VONN 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 2 models by family
Widest divergence: Multiples (CHF 37.80) versus Asset-Based (CHF 29.79). Highest evidence: P/B Multiple (55).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 90
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
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
VONN screens 29% overvalued. Compare with Fondul Proprietatea SA →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- 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
- Interested In Vontobel Holding's (VTX:VONN) Upcoming CHF03.00 Dividend? You Have Three Days Left
Peer Group
Asset Management · 973 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 Asset Management 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.
Insider activity: 45/100
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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fondul Proprietatea SA FP | $0.0420 | $0.0800 | +90% |
| BlackRock, Inc BLK | $1,136 | $465.75 | -59% |
| Blackstone Inc BX | $124.56 | $16.35 | -87% |
| Investor AB INVEB | kr 423.70 | kr 847.40 | +100% |
| Brookfield Corporation BN | C$62.45 | C$10.12 | -84% |
| KKR & Co KKR | $100.94 | $44.88 | -56% |
| AB Industrivärden INDUA | kr 532.50 | kr 1,065 | +100% |
| Jio Financial Services Limited JIOFIN | ₹242.98 | ₹40.19 | -83% |
| Hedef Holding HEDEF | 267.25 TRY | 320.98 TRY | +20% |
| Bajaj Holdings BAJAJHLDNG | ₹10,398 | ₹9,202 | -12% |
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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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