Jungfraubahn runs the cog railway and mountain attractions above Interlaken, including the Jungfraujoch "Top of Europe" station, the Eiger Express gondola and the Schilthorn-area links, so its revenue is tied to tourist footfall in the Bernese Oberland. The moat is a near-monopoly on a unique high-altitude rail corridor and a brand that sells out peak-season visits, which shows up in a 64.9% gross margin and a 27.2% operating margin. Revenue fell 8.6% in the latest reported period, so the question for a PM is whether that decline reflects a soft patch in inbound tourism or a structural loss of visitors, and the answer is not yet clear from the numbers we have. The stock trades at 19.7x trailing and 18.7x forward earnings with a 9.4% ROE, a reasonable multiple for a capacity-constrained asset with pricing power if volumes recover. This is worth a deeper look mainly to test whether visitor counts and Swiss franc strength are the cause of the revenue drop and whether the Eiger Express ramp reverses it.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | CHF 241 | first publication | CHF 238 |
| 22 Oct 2026, 12:04 CEST | Rating | Overvalued | first publication | CHF 236 |
| 22 Oct 2026, 12:04 CEST | Fair value | CHF 199 | first publication | CHF 236 |
Answered from Jungfraubahn Holding AG fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| JFN.SW Jungfraubahn Holding AG | CHF 239.50 | CHF 199 | 20% above | 19.9x | 9.4% | 85 | 49 |
| FGP.L FirstGroup plc | £2.15 | £3 | 21% below | 10.7x | 16.7% | 46 | 59 |
| TRN Trinity Industries Inc. Common Stock | $25.54 | $29 | 12% below | 5.9x | 30.2% | 63 | 51 |
| GBX Greenbrier Companies Inc. (The) Common Stock | $38.09 | $75 | 49% below | 11.5x | 6.3% | 43 | 36 |
| VOS.DE Vossloh AG | €48.58 | €47 | 3% above | 26.4x | 6.9% | 47 | 48 |
| CAF.MC Construcciones y Auxiliar de Ferrocarriles | €75.90 | €65 | 16% above | 15.1x | 18.0% | 61 | 83 |
| CONCOR.NS Container Corporation of India Limited | ₹410.15 | - | - | 25.0x | - | 75 | 44 |
Where JFN.SW ranks against its sector peers on each metric.