Start with its own history
At 16.86×, HBAN.SW is 8.2% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
SIX · HBAN.SWInsurance - DiversifiedUpdated Oct 22, 2026
Helvetia Holding AG P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.86×
8.2% abovethe 10-year annual average
Share price217.2
÷Earnings per share12.88
Price and EPS in quote currency. Calculation details
Investors are paying 16.86 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 15.59×
3-year average19.67×3 positive annual observations
5-year average16.18×5 positive annual observations
10-year average15.59×10 positive annual observations
Peer median · TTM14.23×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 20.27× | +22.0% |
| Dec 31, 2024 | 16.62× | -24.9% |
| Dec 31, 2023 | 22.12× | +117.7% |
| Dec 31, 2022 | 10.16× | -13.3% |
| Dec 31, 2021 | 11.71× | -40.3% |
| Dec 31, 2020 | 19.62× | +50.9% |
| Dec 31, 2019 | 13.00× | -1.0% |
| Dec 31, 2018 | 13.13× | -6.4% |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 14.03× | -7.8% |
| Dec 31, 2016 | 15.21× | -22.0% |
| Dec 31, 2015 | 19.52× | +76.8% |
| Dec 31, 2014 | 11.04× | +0.9% |
| Dec 31, 2013 | 10.94× | +14.4% |
| Dec 31, 2012 | 9.56× | +6.0% |
| Dec 31, 2011 | 9.02× | -1.4% |
| Dec 31, 2010 | 9.15× | +7.1% |
| Dec 31, 2009 | 8.54× | +0.2% |
| Dec 31, 2008 | 8.53× | -2.2% |
| Dec 31, 2007 | 8.72× | +7.1% |
| Dec 31, 2006 | 8.14× | +5.9% |
| Dec 31, 2005 | 7.68× | +63.0% |
| Dec 31, 2004 | 4.71× | -65.8% |
| Dec 31, 2003 | 13.77× | N/M |
| Dec 31, 2002 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HBAN.SW compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HBAN.SW This stockHelvetia Holding AG | 16.86× |
 SLHN.SWSwiss Life Holding AG | 20.22× |
 ZURN.SWZurich Insurance Group AG | 10.18× |
 VAHN.SWVaudoise Assurances Holding S.A. | 13.88× |
 TLX.DETalanx AG | 12.56× |
 SLF.TOSun Life Financial Inc. | 19.07× |
 SAMPO.HESampo Oyj | 14.58× |
 CS.PAAXA S.A. | 8.54× |
 AIGAmerican International Group, Inc. | 15.05× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HBAN.SW’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 14.23×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take HBAN.SW into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("HBAN.SW", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 217.2 ÷ EPS 12.88 = 16.86×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
HBAN.SW P/E ratio: common questions
The essentials behind the numbers.
Helvetia Holding AG's current P/E is 16.86× based on the quote data last updated Oct 22, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.