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Swiss (SMI) Tech Sector Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.3%
  • 3M-5.9%
  • 1Y-2.5%
  • YTD-3.4%

Over the last 7 days, the Tech industry has dropped 2.3%, driven by Temenos declining 8.9%. In contrast, Comet Holding has gained 11%. As for the longer term, the industry's performance has been flat for the past year. 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
Tue, 20 Jan 2026CHF 30.0bCHF 23.0bCHF 654.1m33.3x45.8x1.3x
Thu, 18 Dec 2025CHF 30.4bCHF 23.1bCHF 105.2m28.2x289.4x1.3x
Sat, 15 Nov 2025CHF 32.5bCHF 23.0bCHF 152.6m32.4x212.7x1.4x
Mon, 13 Oct 2025CHF 31.7bCHF 23.5bCHF 86.3m34.1x367.8x1.4x
Wed, 10 Sep 2025CHF 31.0bCHF 23.5bCHF 79.2m30.9x391.5x1.3x
Fri, 08 Aug 2025CHF 31.7bCHF 23.6bCHF 49.5m30x639.9x1.3x
Sun, 06 Jul 2025CHF 31.0bCHF 21.8b-CHF 95,436,855.6428.7x-324.9x1.4x
Tue, 03 Jun 2025CHF 28.4bCHF 22.0b-CHF 80,887,714.7929.8x-351.6x1.3x
Thu, 01 May 2025CHF 26.7bCHF 22.3b-CHF 482,455,985.5828.6x-55.4x1.2x
Sat, 29 Mar 2025CHF 30.2bCHF 23.0b-CHF 426,194,098.0527.5x-70.8x1.3x
Mon, 24 Feb 2025CHF 34.7bCHF 23.2b-CHF 343,915,001.2730.4x-100.8x1.5x
Wed, 22 Jan 2025CHF 31.9bCHF 23.2b-CHF 326,949,161.3728.4x-97.5x1.4x
Fri, 20 Dec 2024CHF 28.6bCHF 23.0b-CHF 325,741,780.5826.2x-87.9x1.2x
Sun, 17 Nov 2024CHF 28.7bCHF 22.9b-CHF 339,212,929.5527.1x-84.7x1.3x
Tue, 15 Oct 2024CHF 32.4bCHF 19.6bCHF 634.6m29.7x51.1x1.7x
Thu, 12 Sep 2024CHF 34.9bCHF 23.8b-CHF 205,924,838.1429.1x-169.6x1.5x
Sat, 10 Aug 2024CHF 33.3bCHF 23.0b-CHF 147,906,316.4829.5x-225.2x1.4x
Mon, 08 Jul 2024CHF 37.9bCHF 24.2b-CHF 1,088,279,354.9832.1x-34.8x1.6x
Wed, 05 Jun 2024CHF 37.4bCHF 24.3b-CHF 1,379,682,122.5326.7x-27.1x1.5x
Fri, 03 May 2024CHF 33.5bCHF 24.6b-CHF 1,404,570,054.1932.2x-23.9x1.4x
Sun, 31 Mar 2024CHF 35.7bCHF 24.5b-CHF 960,026,840.0633.8x-37.2x1.5x
Tue, 27 Feb 2024CHF 37.1bCHF 24.3b-CHF 572,243,884.5534.9x-64.8x1.5x
Thu, 25 Jan 2024CHF 38.9bCHF 25.0b-CHF 561,432,728.0028.4x-69.3x1.6x
Sat, 23 Dec 2023CHF 37.7bCHF 25.1b-CHF 651,595,399.0036.7x-57.9x1.5x
Mon, 20 Nov 2023CHF 36.2bCHF 25.7b-CHF 669,258,646.0032.2x-54.1x1.4x
Wed, 18 Oct 2023CHF 33.6bCHF 25.7b-CHF 872,727,931.0027.1x-38.5x1.3x
Fri, 15 Sep 2023CHF 34.5bCHF 25.8b-CHF 885,117,789.0028.8x-38.9x1.3x
Sun, 13 Aug 2023CHF 35.0bCHF 25.6b-CHF 942,633,453.0019.3x-37.1x1.4x
Tue, 11 Jul 2023CHF 33.8bCHF 27.1bCHF 450.0m22.1x75.2x1.3x
Thu, 08 Jun 2023CHF 35.3bCHF 27.2bCHF 467.9m24.1x75.5x1.3x
Sat, 06 May 2023CHF 34.3bCHF 27.2bCHF 435.7m23.7x78.8x1.3x
Mon, 03 Apr 2023CHF 33.6bCHF 28.0bCHF 660.3m24.5x50.9x1.2x
Wed, 01 Mar 2023CHF 34.1bCHF 27.9bCHF 671.5m27.1x50.8x1.2x
Fri, 27 Jan 2023CHF 34.0bCHF 28.8bCHF 1.0b26.9x33.8x1.2x
Price to Earnings Ratio

33.8x


Total Market Cap: CHF 34.0bTotal 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 45.8x 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 7.2% 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-0.79%
Tech-2.26%
Electronic Equipment and Components0.38%
IT0%0
Tech Hardware-1.61%
Semiconductors-4.48%
Software-8.91%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 86.9x.
    • Analysts are expecting annual earnings growth of 40.2%, 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 104% 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
IFCN INFICON HoldingCHF 120.6014.2%
+CHF 366.6m		1.7%PE36x
COTN Comet HoldingCHF 276.4016.0%
+CHF 296.8m		6.3%PE55.2x
SWON SoftwareOne HoldingCHF 8.072.5%
+CHF 42.8m		27.5%PS1.8x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x

Latest News

COTN
CHF 276.40
Comet Holding
7D
16.0%
1Y
6.3%
IFCN
CHF 120.60
INFICON Holding
7D
14.2%
1Y
1.7%

INFICON Holding AG's (VTX:IFCN) Share Price Could Signal Some Risk

Jan 20
INFICON Holding AG's (VTX:IFCN) Share Price Could Signal Some Risk
LAND
CHF 50.00
Landis+Gyr Group
7D
-3.3%
1Y
-23.3%

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 13.56
WISeKey International Holding
7D
-13.2%
1Y
-9.3%
SENS
CHF 58.90
Sensirion Holding
7D
-1.2%
1Y
-1.5%

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 128.50
Cicor Technologies
7D
-3.7%
1Y
107.9%
SWON
CHF 8.07
SoftwareOne Holding
7D
2.5%
1Y
27.5%

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 72.48
Logitech International
7D
-6.0%
1Y
-10.9%

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 7.79
ams-OSRAM
7D
-5.3%
1Y
19.7%

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 197.40
ALSO Holding
7D
-4.9%
1Y
-18.9%

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 74.25
Temenos
7D
-11.2%
1Y
1.9%
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%