Luzerner Kantonalbank LUKN.SW
SwitzerlandFinancial Services · Banks - RegionalSIX Swiss Exchange · CHF
118.00 CHF (−3.9%)
2 analysts
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Luzerner Kantonalbank is a Swiss cantonal bank offering comprehensive financial services, including retail banking, wealth management, and corporate financing, with a conservative business model rooted in the Lucerne region.
Listed on SIX Swiss Exchange · Symbol LUKN.SW · SWX: LUKN · Currency CHF
Key points
from its scores- ✓High-quality business9.8
- ✓Favourable backdrop8.6
- ✓Good share-price trend8.0
- ✕Demanding valuation3.0
- ✕Fragile balance sheet3.1
AI analysis
bottom line, main risk, context and newsThe quality and stability of the business justify the premium, but the current valuation limits the potential for short-term appreciation.
Luzerner Kantonalbank shows exceptional quality (net margin of 44.95%) and revenue growth of 7.50%, but its valuation (P/E 19.90) and return on equity (ROE 7.35%) are modest, suggesting the market already pays a premium for its stability and regional moat.
The main risk is the dependence on the economy and real estate market of the Lucerne region, which could be affected by an economic slowdown or an increase in defaults, despite the solidity of the Swiss regulatory framework.
Context and risks
Luzerner Kantonalbank operates under the solid and predictable Swiss regulatory framework, but the entity is exposed to capital requirements and FINMA supervision. Governance risk is moderate, reflecting the nature of a cantonal bank with state participation, although Switzerland's institutional quality largely mitigates risks of political interference.
Is Luzerner Kantonalbank stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Financial Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.9 | 13.7 | +45% |
| Price / book | 1.4 | 1.9 | −22% |
| Price / sales | 8.9 | 3.5 | +159% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.0 out of 10 (median for Financial Services: 5.2).
Average analyst target: 118.00 CHF, −3.9% versus the price.
Classic formulas with standard assumptions (5.2% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 19.9
- Forward P/E
- 18.9
- Price / book
- 1.4
- Price / sales
- 8.9
- Market cap
- 6.1B CHF
- Enterprise value
- 24.1B CHF
Profitability
- ROE
- 7.3%
- ROA
- 0.5%
- ROIC (approx.)
- 1.1%
- Gross margin
- 0.0%
- Operating margin
- 51.4%
- Net margin
- 45.0%
Solvency
- Total debt
- 28.1B CHF
- Net debt
- 18.0B CHF
- Cash
- 10.1B CHF
Growth
- Revenue growth
- +7.5%
- EPS (TTM)
- 6.17 CHF
- EPS (forward)
- 6.49 CHF
Dividend
- Dividend yield
- 2.2%
- Payout
- 43.7%
Risk and market
- Beta
- 0.20
- Analyst consensus
- Buy (2)
- Target price
- 118.00 CHF
- 52-week range
- 78.60 – 124.60
Recent news
All LUKN.SW news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Luzerner Kantonalbank
Is Luzerner Kantonalbank stock cheap or expensive?
On P/E and Price / book, it trades in line with the Financial Services median (within 15%). Valuation score: 3.0 out of 10 (median for Financial Services: 5.2). Average analyst target: 118.00 CHF, −3.9% versus the price. This is not investment advice.
What score does Luzerner Kantonalbank get on MeridIAn Screener?
It scores 6.3 out of 10, rank 741 of 2,130 (better than 63% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Valuation (3.0). Analysis of 08/10/2026.
What is Luzerner Kantonalbank's P/E ratio?
Its P/E is 19.9: the share price equals 19.9 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 18.9.
How much is Luzerner Kantonalbank worth on the stock market?
Its market capitalisation is 6.1B CHF.
Does Luzerner Kantonalbank pay a dividend?
Yes: its dividend yield is 2.20% and it pays out 44% of its earnings.
How has Luzerner Kantonalbank stock performed over the last year?
It has risen 56.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 78.60 and 124.60 CHF. Past performance does not guarantee future results.
What do analysts think of Luzerner Kantonalbank?
2 analysts cover it; their average recommendation is “Buy” and their average target is 118.00 CHF (−3.9% versus the price). It is an estimate, not market data.