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Swiss (SMI) Tech Sector Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.9%
  • 3M-10.0%
  • 1Y-16.6%
  • YTD-8.6%

Over the last 7 days, the Tech industry has dropped 1.2%, driven by a pullback from Logitech International of 2.7%. Meanwhile, Cicor Technologies actually outperformed within the industry, gaining 16% in the last week. The industry has fallen 16% in the last year. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026CHF 28.3bCHF 22.5bCHF 707.2m34.7x40.1x1.3x
Wed, 14 Jan 2026CHF 30.4bCHF 23.1bCHF 656.3m31x46.4x1.3x
Fri, 12 Dec 2025CHF 32.4bCHF 23.1bCHF 104.0m30.3x311.3x1.4x
Sun, 09 Nov 2025CHF 32.2bCHF 23.2bCHF 160.8m33.9x200.5x1.4x
Tue, 07 Oct 2025CHF 33.0bCHF 23.4bCHF 81.2m33x405.9x1.4x
Thu, 04 Sep 2025CHF 31.1bCHF 23.6bCHF 84.3m31.5x369.4x1.3x
Sat, 02 Aug 2025CHF 31.7bCHF 23.5bCHF 48.4m30.2x655.7x1.3x
Mon, 30 Jun 2025CHF 30.3bCHF 21.9b-CHF 92,301,247.1929.6x-328x1.4x
Wed, 28 May 2025CHF 29.3bCHF 22.1b-CHF 60,257,438.6129.9x-486.9x1.3x
Fri, 25 Apr 2025CHF 26.4bCHF 22.4b-CHF 465,536,196.0427x-56.6x1.2x
Sun, 23 Mar 2025CHF 31.1bCHF 23.0b-CHF 425,658,846.0528.4x-73.1x1.4x
Tue, 18 Feb 2025CHF 34.7bCHF 23.2b-CHF 358,616,130.9029.1x-96.7x1.5x
Thu, 16 Jan 2025CHF 31.0bCHF 23.2b-CHF 316,491,847.3427.3x-97.9x1.3x
Sat, 14 Dec 2024CHF 29.6bCHF 23.0b-CHF 336,390,604.1726.6x-88.1x1.3x
Mon, 11 Nov 2024CHF 29.5bCHF 22.9b-CHF 335,371,940.2526.6x-87.9x1.3x
Wed, 09 Oct 2024CHF 33.2bCHF 22.9b-CHF 201,440,165.6630.2x-164.9x1.4x
Fri, 06 Sep 2024CHF 35.1bCHF 23.7b-CHF 212,751,148.3428.5x-164.9x1.5x
Sun, 04 Aug 2024CHF 33.7bCHF 23.1b-CHF 74,254,402.2130.5x-454.4x1.5x
Tue, 02 Jul 2024CHF 37.8bCHF 24.3b-CHF 1,370,776,128.3431.8x-27.6x1.6x
Thu, 30 May 2024CHF 37.6bCHF 24.8b-CHF 1,397,661,808.3627.6x-26.9x1.5x
Sat, 27 Apr 2024CHF 33.4bCHF 24.9b-CHF 1,019,423,352.3932.2x-32.8x1.3x
Mon, 25 Mar 2024CHF 35.8bCHF 24.4b-CHF 958,798,567.4133.6x-37.3x1.5x
Wed, 21 Feb 2024CHF 36.3bCHF 25.0b-CHF 548,468,483.2034.4x-66.2x1.4x
Fri, 19 Jan 2024CHF 38.9bCHF 25.1b-CHF 654,745,212.0037.3x-59.4x1.5x
Sun, 17 Dec 2023CHF 38.1bCHF 25.3b-CHF 651,839,534.0035.1x-58.4x1.5x
Tue, 14 Nov 2023CHF 35.0bCHF 25.8b-CHF 656,775,940.0029.7x-53.2x1.4x
Thu, 12 Oct 2023CHF 33.8bCHF 25.9b-CHF 884,589,138.0028.6x-38.2x1.3x
Sat, 09 Sep 2023CHF 34.3bCHF 25.8b-CHF 890,508,469.0028.5x-38.5x1.3x
Mon, 07 Aug 2023CHF 35.7bCHF 25.6b-CHF 947,672,865.0019.1x-37.6x1.4x
Wed, 05 Jul 2023CHF 34.9bCHF 27.2bCHF 457.1m23.1x76.4x1.3x
Fri, 02 Jun 2023CHF 35.3bCHF 27.3bCHF 465.4m24x75.8x1.3x
Sun, 30 Apr 2023CHF 33.5bCHF 27.7bCHF 647.8m22.5x51.7x1.2x
Tue, 28 Mar 2023CHF 31.4bCHF 27.9bCHF 665.2m23.1x47.1x1.1x
Thu, 23 Feb 2023CHF 33.6bCHF 27.8bCHF 667.0m27.3x50.4x1.2x
Price to Earnings Ratio

50.4x


Total Market Cap: CHF 33.6bTotal Earnings: CHF 667.0mTotal Revenue: CHF 27.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 30.2x202420252026
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 40.1x which is higher than its 3-year average PE of 30.2x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 7.6% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

CH Market0.27%
Tech-1.86%
IT4.42%
Semiconductors3.39%
Electronic Equipment and Components-1.28%
Tech Hardware-2.70%
Software-2.73%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 93.8x.
    • 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 Electronic Equipment and Components industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 1.3% per year.
  • 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
CICN Cicor TechnologiesCHF 153.0010.5%
+CHF 63.8m		131.8%PE28.2x
AMS ams-OSRAMCHF 8.533.9%
+CHF 31.7m		-10.9%PS0.3x
COTN Comet HoldingCHF 288.600.7%
+CHF 15.5m		3.6%PE57.6x
SENS Sensirion HoldingCHF 58.101.0%
+CHF 9.3m		-12.8%PE51.5x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x

Latest News

LEHN
CHF 325.50
LEM Holding
7D
-2.1%
1Y
-64.5%

Electrification And Rail Infrastructure Will Support Strong Long Term Upside Potential

Catalysts About LEM Holding LEM Holding supplies sensors that measure current, voltage and energy to support electrification and energy efficiency applications across industries. What are the underlying business or industry changes driving this perspective?
AMS
CHF 8.53
ams-OSRAM
7D
3.9%
1Y
-10.9%

Earnings Update: ams-OSRAM AG (VTX:AMS) Just Reported And Analysts Are Trimming Their Forecasts

Feb 13
Earnings Update: ams-OSRAM AG (VTX:AMS) Just Reported And Analysts Are Trimming Their Forecasts
SWON
CHF 7.00
SoftwareOne Holding
7D
-6.1%
1Y
12.9%

SWON: Crayon Integration Progress Will Offset Vendor Incentive Headwinds

Analysts have trimmed their price target on SoftwareOne Holding to CHF 7.90 from CHF 8.10, citing concerns about declining vendor incentives and the integration of Crayon as key reasons for the more cautious stance. Analyst Commentary Recent commentary highlights that the downgrade to Underweight comes with a trimmed price target of CHF 7.90.
CICN
CHF 153.00
Cicor Technologies
7D
10.5%
1Y
131.8%
IFCN
CHF 119.20
INFICON Holding
7D
-0.3%
1Y
3.5%

IFCN: Rich Multiple And Rate Sensitivity Will Cap Near Term Upside

The analyst price target for INFICON Holding has shifted slightly from US$80.33 to US$79.68 as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E following recent research commentary, including the Deutsche Bank upgrade. Analyst Commentary While the recent upgrade helped support the revised US$79.68 target, not all research views are aligned, and some caution is still evident in the broader commentary around INFICON Holding.
LOGN
CHF 68.46
Logitech International
7D
-3.1%
1Y
-27.3%

LOGN: Future Margin Strength And Buybacks Will Support Upside Potential

Analysts now see Logitech International's fair value edging from US$111.66 to US$111.08, reflecting updated views on slightly higher revenue growth, improved profit margins, a modestly higher discount rate, and a richer future P/E assumption. What's in the News Logitech G launched the G325 LIGHTSPEED Wireless Gaming Headset, targeting value-focused gamers at a US$79.99 MSRP with LIGHTSPEED wireless, 24-bit audio, Bluetooth connectivity, and G HUB integration for EQ and AI-powered noise reduction (Product-Related Announcements).
LAND
CHF 53.20
Landis+Gyr Group
7D
-1.5%
1Y
6.6%

LAND: Grid Edge Collaboration And Earnings Power Will Support Future P E Re Rating

Analysts have trimmed their fair value estimate for Landis+Gyr Group from $78.23 to $75.77 as small shifts in the discount rate, slightly weaker revenue growth assumptions, and a modestly higher profit margin feed through to a lower projected future P/E of 10.72. What's in the News Landis+Gyr Group AG plans an Analyst/Investor Day, giving management a platform to outline priorities and address questions from the investment community (Key Developments).
COTN
CHF 288.60
Comet Holding
7D
0.7%
1Y
3.6%

COTN: Lower Revenue Assumptions And Compressed P/E Will Pressure Future Returns

Analysts have lowered their price target for Comet Holding from $196.00 to $172.00, citing updated assumptions that include revenue growth of 10.12%, a profit margin of 19.55%, a future P/E of 11.13 and a slightly adjusted discount rate of 5.24%. Valuation Changes Fair Value: The price target has been adjusted from CHF 196.00 to CHF 172.00 to reflect the updated set of assumptions.
TEMN
CHF 64.20
Temenos
7D
-4.5%
1Y
-18.5%

Investors Should Be Encouraged By Temenos' (VTX:TEMN) Returns On Capital

Feb 02
Investors Should Be Encouraged By Temenos' (VTX:TEMN) Returns On Capital
SENS
CHF 58.10
Sensirion Holding
7D
1.0%
1Y
-12.8%
KUD
CHF 1.21
Kudelski
7D
-2.0%
1Y
-17.5%
ALSN
CHF 196.00
ALSO Holding
7D
-4.6%
1Y
-25.0%

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%