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Swiss (SMI) Tech Sector Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.8%
  • 3M-6.0%
  • 1Y-5.9%
  • YTD-4.1%

Over the last 7 days, the Tech industry has dropped 2.8%, driven by declines in Logitech International and Temenos of 6.6% and 12%, respectively. On the other hand INFICON Holding is actually up 20%. Overall the industry is down 5.9% in 12 months. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026CHF 29.7bCHF 22.9bCHF 650.6m34.7x45.7x1.3x
Sat, 20 Dec 2025CHF 30.7bCHF 23.1bCHF 105.5m28.6x290.9x1.3x
Mon, 17 Nov 2025CHF 32.5bCHF 23.0bCHF 153.0m32.4x212.1x1.4x
Wed, 15 Oct 2025CHF 31.4bCHF 23.5bCHF 86.2m34.1x363.6x1.3x
Fri, 12 Sep 2025CHF 31.3bCHF 23.5bCHF 77.9m32.5x402x1.3x
Sun, 10 Aug 2025CHF 32.0bCHF 23.7bCHF 50.9m30.1x629.8x1.4x
Tue, 08 Jul 2025CHF 31.2bCHF 21.8b-CHF 93,416,616.2928.8x-334.1x1.4x
Thu, 05 Jun 2025CHF 29.1bCHF 22.0b-CHF 79,522,847.7429.8x-366.1x1.3x
Sat, 03 May 2025CHF 27.6bCHF 22.2bCHF 106.3m29.3x259.3x1.2x
Mon, 31 Mar 2025CHF 30.2bCHF 23.0b-CHF 426,194,098.0527.5x-70.8x1.3x
Wed, 26 Feb 2025CHF 34.3bCHF 23.1b-CHF 347,510,696.4330.1x-98.7x1.5x
Fri, 24 Jan 2025CHF 32.3bCHF 23.2b-CHF 327,148,845.2928.7x-98.9x1.4x
Sun, 22 Dec 2024CHF 28.7bCHF 22.9b-CHF 332,075,076.4526.4x-86.5x1.3x
Tue, 19 Nov 2024CHF 28.6bCHF 22.9b-CHF 339,212,929.5527x-84.2x1.2x
Thu, 17 Oct 2024CHF 32.8bCHF 23.0b-CHF 192,375,247.3428.5x-170.4x1.4x
Sat, 14 Sep 2024CHF 35.6bCHF 23.8b-CHF 210,487,745.0130.2x-169.4x1.5x
Mon, 12 Aug 2024CHF 33.3bCHF 23.0b-CHF 147,906,316.4829.5x-225.2x1.4x
Wed, 10 Jul 2024CHF 38.0bCHF 24.3b-CHF 1,378,397,771.5931.9x-27.5x1.6x
Fri, 07 Jun 2024CHF 38.5bCHF 24.2b-CHF 1,390,853,346.3231.2x-27.7x1.6x
Sun, 05 May 2024CHF 33.8bCHF 24.5b-CHF 1,404,961,895.0233x-24x1.4x
Tue, 02 Apr 2024CHF 35.7bCHF 24.5b-CHF 958,557,261.2433.8x-37.2x1.5x
Thu, 29 Feb 2024CHF 36.7bCHF 24.2b-CHF 569,072,711.7334.4x-64.5x1.5x
Sat, 27 Jan 2024CHF 38.9bCHF 25.0b-CHF 558,469,152.0028.5x-69.6x1.6x
Mon, 25 Dec 2023CHF 37.7bCHF 25.1b-CHF 650,964,824.0036.7x-57.9x1.5x
Wed, 22 Nov 2023CHF 36.0bCHF 25.7b-CHF 669,107,059.0032.1x-53.8x1.4x
Fri, 20 Oct 2023CHF 32.7bCHF 25.7b-CHF 868,039,825.0026.8x-37.7x1.3x
Sun, 17 Sep 2023CHF 34.7bCHF 25.8b-CHF 885,559,602.0029.5x-39.2x1.3x
Tue, 15 Aug 2023CHF 35.0bCHF 25.6b-CHF 939,685,195.0019.1x-37.3x1.4x
Thu, 13 Jul 2023CHF 34.1bCHF 26.8bCHF 438.9m21.5x77.7x1.3x
Sat, 10 Jun 2023CHF 35.5bCHF 27.1bCHF 464.1m23.7x76.4x1.3x
Mon, 08 May 2023CHF 34.3bCHF 27.2bCHF 444.1m23.5x77.3x1.3x
Wed, 05 Apr 2023CHF 33.4bCHF 27.9bCHF 653.7m23.7x51.1x1.2x
Fri, 03 Mar 2023CHF 33.6bCHF 28.0bCHF 654.1m26.3x51.4x1.2x
Sun, 29 Jan 2023CHF 34.4bCHF 28.8bCHF 1.0b26.8x34.1x1.2x
Price to Earnings Ratio

34.1x


Total Market Cap: CHF 34.4bTotal Earnings: CHF 1.0bTotal Revenue: CHF 28.8bTotal 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 45.7x 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 7.3% 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-1.66%
Tech-2.77%
Electronic Equipment and Components4.67%
IT0%0
Semiconductors-0.092%
Tech Hardware-6.61%
Software-11.82%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 87.5x.
    • Analysts are expecting annual earnings growth of 39.3%, 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 126.0020.0%
+CHF 513.3m		5.4%PE37.4x
COTN Comet HoldingCHF 280.2014.4%
+CHF 273.5m		4.0%PE55.9x
SENS Sensirion HoldingCHF 60.001.2%
+CHF 10.9m		-3.2%PE53.2x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x
AMS ams-OSRAMCHF 8.100.2%
+CHF 2.0m		19.6%PS0.3x

Latest News

IFCN
CHF 126.00
INFICON Holding
7D
20.0%
1Y
5.4%
CICN
CHF 121.00
Cicor Technologies
7D
-4.0%
1Y
92.7%
WIHN
CHF 13.52
WISeKey International Holding
7D
-4.7%
1Y
-11.1%
COTN
CHF 280.20
Comet Holding
7D
14.4%
1Y
4.0%
LAND
CHF 50.30
Landis+Gyr Group
7D
-4.4%
1Y
-21.4%

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

Jan 16
Does Landis+Gyr Group (VTX:LAND) Have A Healthy Balance Sheet?
SENS
CHF 60.00
Sensirion Holding
7D
1.2%
1Y
-3.2%

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.
SWON
CHF 8.03
SoftwareOne Holding
7D
-3.0%
1Y
26.8%

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 72.66
Logitech International
7D
-6.6%
1Y
-9.1%

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 8.10
ams-OSRAM
7D
0.2%
1Y
19.6%

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 203.00
ALSO Holding
7D
-2.6%
1Y
-17.8%

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)
TEMN
CHF 73.10
Temenos
7D
-11.8%
1Y
-4.3%
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
LEHN
CHF 284.50
LEM Holding
7D
-1.0%
1Y
-65.7%