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Swiss (SMI) Tech Sector Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.5%
  • 3M-3.8%
  • 1Y-0.7%
  • YTD-1.6%

Over the last 7 days, the Tech industry has dropped 1.0%, driven by Temenos declining 8.2%. On the other hand INFICON Holding is actually up 9.4%. Over the last year, the industry has been flat overall. 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, 19 Jan 2026CHF 30.5bCHF 23.1bCHF 658.4m34x46.3x1.3x
Wed, 17 Dec 2025CHF 31.2bCHF 23.2bCHF 105.2m29.1x297.1x1.3x
Fri, 14 Nov 2025CHF 32.4bCHF 23.0bCHF 151.3m32.5x214.5x1.4x
Sun, 12 Oct 2025CHF 31.7bCHF 23.5bCHF 86.3m34.1x367.8x1.4x
Tue, 09 Sep 2025CHF 31.0bCHF 23.4bCHF 75.7m31.4x410.3x1.3x
Thu, 07 Aug 2025CHF 31.2bCHF 23.6bCHF 49.7m29.8x629.1x1.3x
Sat, 05 Jul 2025CHF 31.0bCHF 21.8b-CHF 95,436,855.6428.7x-324.9x1.4x
Mon, 02 Jun 2025CHF 28.7bCHF 22.0b-CHF 76,876,998.1829.8x-373.7x1.3x
Wed, 30 Apr 2025CHF 27.0bCHF 22.3b-CHF 465,453,786.1028.3x-57.9x1.2x
Fri, 28 Mar 2025CHF 30.5bCHF 23.0b-CHF 424,497,836.9827.8x-71.8x1.3x
Sun, 23 Feb 2025CHF 34.7bCHF 23.2b-CHF 343,915,001.2730.4x-100.8x1.5x
Tue, 21 Jan 2025CHF 31.2bCHF 23.2b-CHF 325,531,650.2327.7x-95.9x1.3x
Thu, 19 Dec 2024CHF 29.3bCHF 23.0b-CHF 333,975,253.8426.5x-87.9x1.3x
Sat, 16 Nov 2024CHF 28.7bCHF 22.9b-CHF 339,212,929.5527.1x-84.7x1.3x
Mon, 14 Oct 2024CHF 32.4bCHF 19.6bCHF 634.6m29.7x51.1x1.7x
Wed, 11 Sep 2024CHF 35.0bCHF 23.7b-CHF 207,237,053.7429.4x-169x1.5x
Fri, 09 Aug 2024CHF 33.2bCHF 23.0b-CHF 147,504,025.7829.2x-225.3x1.4x
Sun, 07 Jul 2024CHF 38.0bCHF 24.3b-CHF 1,380,217,354.9832.1x-27.6x1.6x
Tue, 04 Jun 2024CHF 37.7bCHF 24.5b-CHF 1,391,016,789.0926.7x-27.1x1.5x
Thu, 02 May 2024CHF 33.3bCHF 24.7b-CHF 1,407,952,592.9432.3x-23.6x1.3x
Sat, 30 Mar 2024CHF 35.7bCHF 24.5b-CHF 959,287,320.7833.8x-37.2x1.5x
Mon, 26 Feb 2024CHF 36.9bCHF 24.3b-CHF 569,266,054.0634.2x-64.8x1.5x
Wed, 24 Jan 2024CHF 38.6bCHF 25.1b-CHF 563,468,525.0028.2x-68.5x1.5x
Fri, 22 Dec 2023CHF 37.6bCHF 25.1b-CHF 650,420,655.0035.8x-57.9x1.5x
Sun, 19 Nov 2023CHF 36.2bCHF 25.7b-CHF 669,258,646.0032.2x-54.1x1.4x
Tue, 17 Oct 2023CHF 33.6bCHF 25.7b-CHF 872,727,931.0027.1x-38.5x1.3x
Thu, 14 Sep 2023CHF 34.3bCHF 25.8b-CHF 895,100,374.0028.1x-38.3x1.3x
Sat, 12 Aug 2023CHF 35.0bCHF 25.6b-CHF 944,034,331.0019.2x-37.1x1.4x
Mon, 10 Jul 2023CHF 34.0bCHF 27.1bCHF 451.6m22.5x75.4x1.3x
Wed, 07 Jun 2023CHF 35.5bCHF 27.2bCHF 467.6m24.7x75.8x1.3x
Fri, 05 May 2023CHF 33.9bCHF 27.4bCHF 580.3m23.1x58.4x1.2x
Sun, 02 Apr 2023CHF 33.6bCHF 28.0bCHF 660.3m24.5x50.9x1.2x
Tue, 28 Feb 2023CHF 34.2bCHF 27.9bCHF 671.8m27.8x51x1.2x
Thu, 26 Jan 2023CHF 33.3bCHF 28.8bCHF 1.0b26.6x33.1x1.2x
Price to Earnings Ratio

33.1x


Total Market Cap: CHF 33.3bTotal Earnings: CHF 1.0bTotal Revenue: CHF 28.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 29.9x202420252026
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 46.3x which is higher than its 3-year average PE of 29.9x.
  • 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 13% per year over the last three years,
  • Revenues have also declined 7.1% 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 Market0.24%
Tech-0.45%
Electronic Equipment and Components2.84%
IT0%0
Tech Hardware-0.078%
Semiconductors-0.62%
Software-8.22%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 86.3x.
    • Analysts are expecting annual earnings growth of 40.0%, 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 103% over the next 5 years.
  • In contrast, the Software industry is expected to see its earnings decline by 7.1% 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
COTN Comet HoldingCHF 270.2012.7%
+CHF 236.2m		5.5%PE53.9x
IFCN INFICON HoldingCHF 116.209.0%
+CHF 234.7m		-1.5%PE34x
SWON SoftwareOne HoldingCHF 8.372.3%
+CHF 40.7m		37.4%PS1.8x
LAND Landis+Gyr GroupCHF 52.102.0%
+CHF 28.9m		-17.0%PS1.2x
LEHN LEM HoldingCHF 292.005.2%
+CHF 16.5m		-63.5%PE50.3x

Latest News

COTN
CHF 270.20
Comet Holding
7D
12.7%
1Y
5.5%

Market Participants Recognise Comet Holding AG's (VTX:COTN) Earnings Pushing Shares 33% Higher

Jan 17
Market Participants Recognise Comet Holding AG's (VTX:COTN) Earnings Pushing Shares 33% Higher
LAND
CHF 52.10
Landis+Gyr Group
7D
2.0%
1Y
-17.0%

Does Landis+Gyr Group (VTX:LAND) Have A Healthy Balance Sheet?

Jan 16
Does Landis+Gyr Group (VTX:LAND) Have A Healthy Balance Sheet?
WIHN
CHF 15.06
WISeKey International Holding
7D
6.1%
1Y
4.9%
SENS
CHF 58.60
Sensirion Holding
7D
-7.3%
1Y
4.5%

SENS: New Air Quality Sensors And Capacity Expansion Will Support Upside Potential

Analysts have trimmed their price target for Sensirion Holding from CHF 87.00 to CHF 82.75, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. These factors collectively point to a more conservative outlook on the shares.
CICN
CHF 123.00
Cicor Technologies
7D
-7.5%
1Y
103.6%
IFCN
CHF 116.20
INFICON Holding
7D
9.0%
1Y
-1.5%

IFCN: Refined 2025 Guidance And Leadership Transition Will Support Further Upside

Analysts have nudged their price target for INFICON Holding higher to CHF130.80 from CHF128.73, citing updated assumptions that reflect slightly different views on discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News INFICON Holding AG announced that Dimitrij Lisak, currently Corporate Head of Finance & Controlling, will succeed Matthias Tröndle as CFO.
SWON
CHF 8.37
SoftwareOne Holding
7D
2.3%
1Y
37.4%

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.
LOGN
CHF 76.92
Logitech International
7D
-0.08%
1Y
-3.5%

LOGN: Future Returns Will Be Driven By Disciplined Capital Allocation

Analysts have trimmed their fair value estimate for Logitech International from $99.98 to $97.73, pointing to slightly more tempered assumptions on revenue growth, profit margins, and the future P/E multiple while keeping the discount rate broadly similar. What's in the News Management laid out capital allocation priorities, highlighting organic growth as the first use of cash, followed by the dividend, then targeted M&A focused on smaller tuck-in deals that fit within work and play categories, with share buybacks as a fourth priority backed by a 3 year, US$2b repurchase program (Key Developments).
AMS
CHF 8.16
ams-OSRAM
7D
-1.0%
1Y
27.4%

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 205.00
ALSO Holding
7D
-3.3%
1Y
-10.5%

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)
TEMN
CHF 77.60
Temenos
7D
-8.2%
1Y
6.4%
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
LEHN
CHF 292.00
LEM Holding
7D
5.2%
1Y
-63.5%
MBTN
CHF 0.0048
Meyer Burger Technology
7D
-80.0%
1Y
-99.8%