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Swiss (SMI) Tech Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.4%
  • 3M-5.2%
  • 1Y-5.0%
  • YTD-3.0%

Over the last 7 days, the Tech industry has remained flat, although notably INFICON Holding gained 13%. Unfortunately though, the industry is down 5.0% over the past 12 months. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

Has the Swiss Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026CHF 30.1bCHF 22.8bCHF 642.0m34.7x46.9x1.3x
Wed, 24 Dec 2025CHF 30.7bCHF 23.0bCHF 101.4m29.2x302.7x1.3x
Fri, 21 Nov 2025CHF 31.0bCHF 23.2bCHF 113.7m34.1x272.5x1.3x
Sun, 19 Oct 2025CHF 31.4bCHF 23.3bCHF 79.5m34.4x395.3x1.3x
Tue, 16 Sep 2025CHF 31.7bCHF 23.5bCHF 76.7m32.8x413.4x1.3x
Thu, 14 Aug 2025CHF 31.7bCHF 23.7bCHF 57.0m29.8x557.1x1.3x
Sat, 12 Jul 2025CHF 32.3bCHF 21.8b-CHF 94,221,081.4930x-343x1.5x
Mon, 09 Jun 2025CHF 29.6bCHF 22.0b-CHF 77,593,433.4330x-381.8x1.3x
Wed, 07 May 2025CHF 27.2bCHF 22.0b-CHF 64,044,958.5029.4x-424.5x1.2x
Fri, 04 Apr 2025CHF 26.9bCHF 22.7b-CHF 441,170,604.6127.4x-61x1.2x
Sun, 02 Mar 2025CHF 33.3bCHF 22.8b-CHF 446,276,082.2030.4x-74.5x1.5x
Tue, 28 Jan 2025CHF 32.6bCHF 23.2b-CHF 333,801,058.4428.2x-97.5x1.4x
Thu, 26 Dec 2024CHF 28.9bCHF 23.1b-CHF 328,270,455.7226.3x-88x1.3x
Sat, 23 Nov 2024CHF 28.6bCHF 22.9b-CHF 329,159,891.0026.7x-86.9x1.2x
Mon, 21 Oct 2024CHF 33.1bCHF 23.0b-CHF 192,811,172.2728.5x-171.7x1.4x
Wed, 18 Sep 2024CHF 35.7bCHF 23.8b-CHF 213,134,325.1829.9x-167.6x1.5x
Fri, 16 Aug 2024CHF 34.8bCHF 23.2b-CHF 148,278,705.4930.1x-234.4x1.5x
Sun, 14 Jul 2024CHF 38.0bCHF 24.3b-CHF 1,390,384,768.1832.5x-27.3x1.6x
Tue, 11 Jun 2024CHF 38.7bCHF 24.2b-CHF 1,376,944,930.0731.9x-28.1x1.6x
Thu, 09 May 2024CHF 34.3bCHF 24.5b-CHF 1,404,887,240.1931.6x-24.4x1.4x
Sat, 06 Apr 2024CHF 34.9bCHF 24.5b-CHF 966,467,999.1432.3x-36.1x1.4x
Mon, 04 Mar 2024CHF 36.0bCHF 24.3b-CHF 571,358,304.1634.6x-63x1.5x
Wed, 31 Jan 2024CHF 38.6bCHF 24.9b-CHF 554,596,144.0027.5x-69.7x1.6x
Fri, 29 Dec 2023CHF 39.1bCHF 24.8b-CHF 645,152,969.0035.3x-60.7x1.6x
Sun, 26 Nov 2023CHF 35.4bCHF 25.7b-CHF 669,145,162.0032.1x-52.8x1.4x
Tue, 24 Oct 2023CHF 32.1bCHF 25.7b-CHF 877,778,719.0026.4x-36.6x1.2x
Thu, 21 Sep 2023CHF 34.7bCHF 25.8b-CHF 892,254,137.0029.3x-38.9x1.3x
Sat, 19 Aug 2023CHF 33.8bCHF 25.7b-CHF 962,300,595.0019x-35.1x1.3x
Mon, 17 Jul 2023CHF 34.8bCHF 26.8bCHF 434.0m22.3x80.2x1.3x
Wed, 14 Jun 2023CHF 36.3bCHF 27.3bCHF 463.1m24.7x78.3x1.3x
Fri, 12 May 2023CHF 34.4bCHF 27.2bCHF 449.6m23.4x76.4x1.3x
Sun, 09 Apr 2023CHF 32.7bCHF 27.8bCHF 653.7m22.7x50.1x1.2x
Tue, 07 Mar 2023CHF 33.7bCHF 28.0bCHF 583.9m22.3x57.7x1.2x
Thu, 02 Feb 2023CHF 34.4bCHF 28.7bCHF 1.0b26.9x34.3x1.2x
Price to Earnings Ratio

34.3x


Total Market Cap: CHF 34.4bTotal Earnings: CHF 1.0bTotal Revenue: CHF 28.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 30x202420252026
Current Industry PE
  • Investors are optimistic on the Swiss Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 46.9x which is higher than its 3-year average PE of 30.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 14% per year over the last three years,
  • Revenues have also declined 7.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Swiss Tech sector?

CH Market-0.52%
Tech-0.36%
Electronic Equipment and Components6.02%
Semiconductors2.87%
IT0%0
Software-3.95%
Tech Hardware-6.03%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 88.6x.
    • Analysts are expecting annual earnings growth of 39.6%, which is higher than its past year's earnings decline of 1.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 105% over the next 5 years.
  • In contrast, the Software industry is expected to see its earnings decline by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IFCN INFICON HoldingCHF 125.2010.8%
+CHF 298.2m		8.5%PE37.9x
COTN Comet HoldingCHF 286.207.8%
+CHF 161.6m		17.1%PE57.1x
SWON SoftwareOne HoldingCHF 8.636.0%
+CHF 103.9m		44.3%PS1.9x
ALSN ALSO HoldingCHF 203.501.9%
+CHF 45.3m		-16.8%PE23.2x
CICN Cicor TechnologiesCHF 125.503.3%
+CHF 17.6m		94.3%PE23.2x

Latest News

IFCN
CHF 125.20
INFICON Holding
7D
10.8%
1Y
8.5%
TEMN
CHF 73.50
Temenos
7D
-4.7%
1Y
-3.3%

Digital Banking And Cloud Migration Will Support A Stronger Long Term Outlook

Catalysts About Temenos Temenos provides core banking, payments and SaaS software to banks and financial institutions globally. What are the underlying business or industry changes driving this perspective?
COTN
CHF 286.20
Comet Holding
7D
7.8%
1Y
17.1%
LOGN
CHF 73.04
Logitech International
7D
-3.6%
1Y
-11.3%

LOGN: Future Returns Will Be Driven By AI Meeting Solutions And Capital Discipline

Analysts have trimmed their fair value estimate for Logitech International to reflect a revised price target of US$93.34, down from US$97.73. They cited slightly softer revenue growth assumptions, a modestly lower future P/E multiple, and a small uplift in expected profit margins.
CICN
CHF 125.50
Cicor Technologies
7D
3.3%
1Y
94.3%

CICN: Delayed German Deliveries Will Set Up Future Upside Potential

Analysts have trimmed their price target on Cicor Technologies from CHF 211.26 to about CHF 175.00, citing updated assumptions for slightly lower revenue growth, more modest profit margins, a somewhat higher discount rate, and a small uplift in expected future P/E. What's in the News Cicor Technologies revised its earnings guidance for fiscal 2025, citing a weaker-than-expected economic environment, which is affecting its revenue outlook.
WIHN
CHF 12.78
WISeKey International Holding
7D
-11.1%
1Y
-10.9%
SWON
CHF 8.63
SoftwareOne Holding
7D
6.0%
1Y
44.3%

SWON: Higher Future P/E Assumptions Will Support Stronger Earnings Power

Analysts have raised their price target on SoftwareOne Holding to CHF 8.40 from CHF 7.40, reflecting updated views on growth, profitability and a higher future P/E assumption. Analyst Commentary Bullish analysts see the new CHF 8.40 price target as a reflection of updated expectations around SoftwareOne Holding's potential on growth, profitability and valuation.
AMS
CHF 8.03
ams-OSRAM
7D
1.2%
1Y
10.9%

ams-OSRAM (VTX:AMS) Use Of Debt Could Be Considered Risky

Jan 06
ams-OSRAM (VTX:AMS) Use Of Debt Could Be Considered Risky
ALSN
CHF 203.50
ALSO Holding
7D
1.9%
1Y
-16.8%

Investors Met With Slowing Returns on Capital At ALSO Holding (VTX:ALSN)

Dec 11
Investors Met With Slowing Returns on Capital At ALSO Holding (VTX:ALSN)
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
LEHN
CHF 286.50
LEM Holding
7D
2.7%
1Y
-66.1%
ELMN
CHF 1,270.00
Elma Electronic
7D
-0.8%
1Y
21.0%