HSBC HOLDINGS PLC vs UBS Group AG, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
HSBC earns 11.3% on equity from a completed Asia pivot; UBS earns 8.6% from an uncompleted Credit Suisse digestion, and the market charges more for the digestion: 20 times earnings against 15.5. Every current line favors HSBC, a 33.9% net margin against 15.7%, 0.72% on assets against 0.48%, the finished bank against the promised one. UBS' premium prices wealth-management scale that will exist when the integration completes; HSBC's discount prices geopolitics that already do. Two European-listed giants, one taxed for its present, one credited for its future; the returns table would swap the multiples without hesitation.
Comparison updated 2026-07-10.
| Metric | HSBC | UBS |
|---|---|---|
| Price | $93.76 | $49.12 |
| Market cap | $326.8B | $154.8B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| P/E | 15.5 | 20.0 |
| P/B | 1.59 | 1.71 |
| P/S | 4.79 | 3.12 |
| EV/EBITDA | -3.8 | — |
| Revenue growth | +9.0% | +9.2% |
| Operating margin | 41.0% | — |
| Net margin | 33.9% | 15.7% |
| Return on equity | 11.3% | 8.6% |
| Return on assets | 0.7% | 0.5% |
| Debt / equity | 0.00 | 0.00 |
| Piotroski F (quality) | 8 / 9 | 9 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.