Zuger Kantonalbank (ZUGER) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zuger Kantonalbank stock CHF 5,225, price CHF 11,450, that is 54.4% below the price, quality 71 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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 5,773 – CHF 11,600 · fair‑value band CHF 4,834 – CHF 8,430 · the CHF 11,450 price screens above the CHF 5,225 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Zuger Kantonalbank in your weekly email
Every Wednesday you see whether Zuger Kantonalbank is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Zuger Kantonalbank provides various banking products and services to private and corporate clients in Switzerland. The company offers premium, comfort, basic, and fix account; private accounts; and debit cards.
Show moreShow less
It also provides investments, private banking, investment strategies and advisory, asset management, investment products, and e-invest/custody account; home financing; pension products and tax services; payment and bills; corporate and real estate financing; and occupational pension scheme.
In addition, the company offers e-banking and mobile banking services. The company was founded in 1892 and is based in Zug, Switzerland.
Stock analysis
Zuger Kantonalbank (ZUGER) currently trades at CHF 11,450, while our model-based Fair Value estimate is CHF 5,225, 54% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of CHF 6,812 per share, and 0 of the 6 models we run sit above the CHF 11,450 price.
Bear case: the Asset-Based group reads lowest at CHF 3,684, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: CHF 4,834 (bear) to CHF 8,430 (bull), the price of CHF 11,450 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 71/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zuger Kantonalbank reported revenue of CHF 411M in FY2025 versus CHF 220M in FY2021, a compound +16.9%/yr. Reported net income was CHF 131M in FY2025, compounding +14.9%/yr from FY2021.
Key figures
Market cap CHF 3.3B Mid · P/E ratio 25.0 · P/S ratio 9.99 · EPS (TTM) CHF 457.52 · Dividend yield 2.0% · Net margin 39.9% · Return on equity 8.3% · Return on assets (EBIT) 0.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −54%, ZUGER screens richer than that median.
Fair Value models
BearCHF 4,834Fair Value CHF 5,225BullCHF 8,430
Price CHF 11,450 · Downside -54.4%
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 194.48 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.7%
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.
+18.2%
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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
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.
+3.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.9%
Dividend (yield on the price)2.0%
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.11.9% vs 7.9%, picking up
Profit margin 2020 to 2025 ⓘ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.38% → 37%
News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The regional bank draws strength from expanding wealth management with rising commission income, yet its main weakness remains moderate profitability without a durable moat and continued exposure to regional lending cycles.
Main risk: Continued reliance on traditional regional lending exposes the bank to interest rate changes that directly squeeze net interest margins and hinder stable recurring revenue.
Zuger Kantonalbank recently promoted an internal fixed income and multi-asset specialist to Chief Investment Officer to build continuity in its growing wealth management operations. This comes as commission income rose while net interest margins faced pressure from the rate environment in its core regional lending business. Will the push into investments deliver enough recurring revenue to ease reliance on traditional banking activities, or will the bank stay tied to the same regional economic cycles?
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 998 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−54.4% · Bottom 25%
Profitability
Return on equity (12 months)8.3% · Below median
Return on assets0.7% · Below median
Net margin (12 months)39.9% · Top 25%
Operating margin (12 months)48.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.6% · Bottom 25%
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity2.77× · Highest 25%
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). "Zuger Kantonalbank Fair Value". https://www.fairvalue-calculator.com/stock/ZUGER
Frequently asked questions
Is Zuger Kantonalbank (ZUGER) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of CHF 5,225 versus a price of CHF 11,450, about 54% lower (overvalued).
What is the fair value of ZUGER?
Our model-based fair value for Zuger Kantonalbank is CHF 5,225 (as of Nov 8, 2026), built from audited fundamentals. The current price: CHF 11,450.
What is the quality score of ZUGER?
Zuger Kantonalbank has a Quality Score of 71/100. 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 Zuger Kantonalbank (ZUGER)?
Our model-based price target is the fair value of CHF 5,225 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario CHF 4,834, optimistic scenario CHF 8,430. It is a calculation from audited fundamentals, not an analyst target.
What is the Zuger Kantonalbank stock forecast for 2026?
Our models put fair value at CHF 5,225, about 54% lower versus a price of CHF 11,450 (overvalued). Cautious scenario CHF 4,834, optimistic scenario CHF 8,430. The calculation is refreshed regularly with new filings.
What is the revenue of Zuger Kantonalbank (ZUGER)?
Zuger Kantonalbank reported trailing-twelve-month revenue of about CHF 330M (latest available figure, as of Nov 8, 2026).
Does Zuger Kantonalbank pay a dividend?
Zuger Kantonalbank currently shows a dividend yield of 2.01% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Zuger Kantonalbank (ZUGER) and when is the ex-dividend date?
Zuger Kantonalbank pays a dividend of CHF 230.00 per share a year, a dividend yield of 2.0%. The last ex-dividend date was May 12, 2026. A dividend has been paid every year since at least 1996. The payout ratio is 50.3% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Zuger Kantonalbank (ZUGER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zuger Kantonalbank it is CHF 5,225 per share (as of Nov 8, 2026), against a price of CHF 11,450. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Zuger Kantonalbank stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ZUGER trades above its calculated fair value: price CHF 11,450, fair value CHF 5,225, a gap of about −54% (overvalued). 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 ZUGER?
No. The price is what the market pays today (CHF 11,450); the fair value is what the company's own numbers justify (CHF 5,225). For Zuger Kantonalbank the two are CHF 6,225 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zuger Kantonalbank worth?
The market values Zuger Kantonalbank at about CHF 3.3B (market capitalisation, as of Nov 8, 2026). Per share that is CHF 11,450; our models calculate a fair value of CHF 5,225 per share.
What do the bullish and bearish scenarios say about ZUGER?
Our models span a range for Zuger Kantonalbank: cautious scenario CHF 4,834, base CHF 5,225, optimistic CHF 8,430 per share (as of Nov 8, 2026, price CHF 11,450). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZUGER?
Zuger Kantonalbank trades at a price-to-earnings ratio of 25.0 (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 5,225 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 22.1. Other multiples: P/B 2.0, P/S 10.0, EV/EBITDA 31.2.
How solid is the balance sheet of Zuger Kantonalbank (ZUGER)?
Balance-sheet figures for Zuger Kantonalbank (as of Nov 8, 2026): return on equity 8.3%, debt of 2.77 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is ZUGER from its 52-week high?
Zuger Kantonalbank trades at CHF 11,450, about 1% below its 52-week high of CHF 11,600 and 35% above the low of CHF 8,479 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 5,225 is for.
Which stocks are comparable to Zuger Kantonalbank?
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 Zuger Kantonalbank stock attractive at the current price?
The data as of Nov 8, 2026: price CHF 11,450, calculated fair value CHF 5,225 (−54%), Quality Score 71/100, from 6 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 ZUGER calculated?
We run Zuger Kantonalbank through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of CHF 5,225 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 13.0% above its aggregate fair value. Zuger Kantonalbank itself currently trades above fair value. 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 Zuger Kantonalbank (ZUGER)?
The closing price on Nov 6, 2026 was CHF 11,450. Our model-based fair value is CHF 5,225, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zuger Kantonalbank right now?
The price sits above even our optimistic bull case (CHF 8,430). The favourable scenario is already priced in. Solid but not exceptional quality (71/100) 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.
Where does the earnings growth of Zuger Kantonalbank (ZUGER) come from?
Earnings per share at Zuger Kantonalbank grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.0 %, EBIT margin +0.7 %, tax rate −0.7 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zuger Kantonalbank
How large is the market capitalisation of Zuger Kantonalbank (ZUGER)?
The market capitalisation of Zuger Kantonalbank is CHF 3.3B. 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 is the P/S ratio of Zuger Kantonalbank (ZUGER)?
The price-to-sales ratio of Zuger Kantonalbank is 9.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zuger Kantonalbank (ZUGER)?
Earnings per share at Zuger Kantonalbank are CHF 457.52 (price ÷ EPS = P/E 25.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zuger Kantonalbank (ZUGER)?
The dividend yield of Zuger Kantonalbank is 2.0% (payout 50.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zuger Kantonalbank (ZUGER)?
The net margin of Zuger Kantonalbank is 39.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zuger Kantonalbank (ZUGER)?
The return on equity (ROE) of Zuger Kantonalbank is 8.3% (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 Zuger Kantonalbank (ZUGER)?
On an EBIT basis the return on assets of Zuger Kantonalbank is 0.7% (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 Zuger Kantonalbank (ZUGER)?
The operating margin of Zuger Kantonalbank is 48.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zuger Kantonalbank (ZUGER)?
Revenue at Zuger Kantonalbank is growing +0.6% versus a year earlier (3y avg +18.2%). 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 Zuger Kantonalbank (ZUGER)?
Earnings per share at Zuger Kantonalbank are growing −3.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zuger Kantonalbank (ZUGER) generate?
The free cash flow of Zuger Kantonalbank is CHF 543M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Zuger Kantonalbank (ZUGER) carry?
The net debt of Zuger Kantonalbank is CHF 1.4B (fiscal year 2025, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Zuger Kantonalbank in the live analysis
One click puts Zuger Kantonalbank on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026