Zuger Kantonalbank is a cantonal bank in the canton of Zug, Switzerland, taking deposits and writing mortgages and corporate loans for a small, wealthy home market and running a private banking and wealth management business for clients in the region. Its structural edge is the implicit state backing that comes with cantonal ownership and a deposit base that is sticky and low-cost, which helps explain a 48.6% operating margin and an 8.3% return on equity. Revenue growth is nearly flat at 0.6%, so there is no obvious top-line catalyst here; any re-rating would have to come from capital returns or margin durability rather than expansion. At 24.8 times trailing earnings, the stock is priced at a premium to what the modest ROE would normally justify, and with no forward estimate available and no index membership to support liquidity, the case rests on whether the franchise's stability is worth paying up for. It warrants a deeper look mainly to test that premium against the bank's capital position and loan book quality.
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.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 11:04 CEST | Rating | Overvalued | first publication | CHF 11350 |
| 23 Oct 2026, 11:04 CEST | Fair value | CHF 5448 | first publication | CHF 11350 |
| 23 Oct 2026, 01:52 CEST | ACCE price target | CHF 8600 | first publication | CHF 11350 |
Answered from Zuger Kantonalbank fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ZUGER.SW Zuger Kantonalbank | CHF 11200.00 | CHF 5448 | 106% above | 24.5x | 8.3% | 71 | 50 |
| BMA.BA Banco Macro SA B | ARS 10870.00 | - | - | 15.4x | 7.1% | 79 | 57 |
| BOGOTA.CL Banco de Bogota | COP 38240.00 | - | - | 9.0x | 9.2% | 61 | 49 |
| PFDAVVNDA.CL Davivienda Group preferred | COP 28740.00 | - | - | 8.2x | 10.3% | 53 | 82 |
| ITAUCL.SN Banco Itau Chile | CLP 22500.00 | - | - | 12.3x | 9.4% | 81 | 71 |
| BBAR.BA BBVA Banco Frances SA | ARS 7240.00 | - | - | 11.0x | 8.1% | 71 | 68 |
| PFAVAL.CL Grupo Aval preferred | COP 780.00 | - | - | 10.8x | 10.0% | 58 | 71 |
Where ZUGER.SW ranks against its sector peers on each metric.