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Swiss (SMI) Tech Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.04%
  • 3M-1.8%
  • 1Y3.2%
  • YTD-0.6%

Over the last 7 days, the Tech industry has remained flat, although notably Temenos gained 6.2%. The past year has been better, since the industry has gained 3.2% in that time. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026CHF 30.8bCHF 23.1bCHF 656.5m31.2x46.9x1.3x
Tue, 09 Dec 2025CHF 32.9bCHF 23.3bCHF 115.1m33.7x285.9x1.4x
Thu, 06 Nov 2025CHF 32.9bCHF 23.3bCHF 165.2m34.1x199.1x1.4x
Sat, 04 Oct 2025CHF 36.9bCHF 23.8bCHF 148.9m32.9x248x1.6x
Mon, 01 Sep 2025CHF 31.9bCHF 23.6bCHF 81.0m32.5x394.4x1.4x
Wed, 30 Jul 2025CHF 32.8bCHF 23.4bCHF 12.5m30.6x2623.9x1.4x
Fri, 27 Jun 2025CHF 29.8bCHF 21.9b-CHF 92,244,115.6229.3x-323.3x1.4x
Sun, 25 May 2025CHF 28.6bCHF 22.0b-CHF 64,483,556.5929.5x-442.8x1.3x
Tue, 22 Apr 2025CHF 25.5bCHF 22.1b-CHF 465,744,214.2827.3x-54.8x1.2x
Thu, 20 Mar 2025CHF 31.7bCHF 23.0b-CHF 431,177,301.8129.3x-73.6x1.4x
Sat, 15 Feb 2025CHF 34.5bCHF 23.2b-CHF 360,499,156.2529.2x-95.8x1.5x
Mon, 13 Jan 2025CHF 30.3bCHF 23.2b-CHF 313,155,324.6626.8x-96.9x1.3x
Wed, 11 Dec 2024CHF 29.2bCHF 22.8b-CHF 339,856,209.4726.7x-86x1.3x
Fri, 08 Nov 2024CHF 29.9bCHF 23.0b-CHF 418,688,318.6126.8x-71.3x1.3x
Sun, 06 Oct 2024CHF 33.6bCHF 22.9b-CHF 201,268,576.8130.3x-166.7x1.5x
Tue, 03 Sep 2024CHF 34.2bCHF 22.9b-CHF 204,753,560.0829.1x-167.1x1.5x
Thu, 01 Aug 2024CHF 36.0bCHF 23.4b-CHF 72,364,554.9732.5x-497.7x1.5x
Sat, 29 Jun 2024CHF 37.7bCHF 24.2b-CHF 1,359,950,087.4231.8x-27.7x1.6x
Mon, 27 May 2024CHF 38.0bCHF 24.8b-CHF 1,396,035,808.8326x-27.2x1.5x
Wed, 24 Apr 2024CHF 33.4bCHF 24.6b-CHF 956,572,422.0130.1x-34.9x1.4x
Fri, 22 Mar 2024CHF 35.6bCHF 24.5b-CHF 965,571,312.3334.1x-36.9x1.5x
Sun, 18 Feb 2024CHF 37.0bCHF 25.0b-CHF 526,186,744.4034.5x-70.4x1.5x
Tue, 16 Jan 2024CHF 38.7bCHF 24.9b-CHF 652,995,498.0035.7x-59.3x1.6x
Thu, 14 Dec 2023CHF 37.3bCHF 25.3b-CHF 642,933,335.0034.1x-58x1.5x
Sat, 11 Nov 2023CHF 34.8bCHF 25.8b-CHF 657,038,031.0028.1x-53x1.3x
Mon, 09 Oct 2023CHF 33.7bCHF 26.0b-CHF 888,788,242.0028.2x-37.9x1.3x
Wed, 06 Sep 2023CHF 35.0bCHF 25.7b-CHF 892,400,261.0029.8x-39.3x1.4x
Fri, 04 Aug 2023CHF 35.4bCHF 25.6b-CHF 939,966,883.0018.6x-37.6x1.4x
Sun, 02 Jul 2023CHF 36.3bCHF 27.2bCHF 455.4m24x79.6x1.3x
Tue, 30 May 2023CHF 35.3bCHF 27.2bCHF 461.8m24.6x76.5x1.3x
Thu, 27 Apr 2023CHF 32.5bCHF 27.6bCHF 643.5m21.9x50.5x1.2x
Sat, 25 Mar 2023CHF 31.1bCHF 27.9bCHF 666.7m22.8x46.6x1.1x
Mon, 20 Feb 2023CHF 34.3bCHF 28.5bCHF 689.0m27.6x49.8x1.2x
Wed, 18 Jan 2023CHF 33.5bCHF 29.0bCHF 1.1b27.4x31.3x1.2x
Price to Earnings Ratio

31.3x


Total Market Cap: CHF 33.5bTotal Earnings: CHF 1.1bTotal Revenue: CHF 29.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 29.8x202420252026
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 29.8x.
  • 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 15% 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 Market1.77%
Tech-0.043%
Software6.22%
Semiconductors5.15%
Electronic Equipment and Components1.76%
IT0%0
Tech Hardware-5.15%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 84.4x.
    • Analysts are expecting annual earnings growth of 40.6%, 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 92% 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
TEMN TemenosCHF 84.556.2%
+CHF 341.5m		24.6%PE23.1x
IFCN INFICON HoldingCHF 106.207.5%
+CHF 180.9m		-2.0%PE31.2x
COTN Comet HoldingCHF 239.006.2%
+CHF 108.8m		-6.8%PE47.7x
AMS ams-OSRAMCHF 8.245.0%
+CHF 38.6m		31.8%PS0.3x
SENS Sensirion HoldingCHF 63.703.4%
+CHF 32.7m		10.0%PE56.5x

Latest News

KUD
CHF 1.17
Kudelski
7D
-4.9%
1Y
-6.4%
SWON
CHF 8.83
SoftwareOne Holding
7D
-2.5%
1Y
42.3%

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.
LOGN
CHF 77.34
Logitech International
7D
-5.2%
1Y
-1.2%

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 8.24
ams-OSRAM
7D
5.0%
1Y
31.8%

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

Jan 06
ams-OSRAM (VTX:AMS) Use Of Debt Could Be Considered Risky
COTN
CHF 239.00
Comet Holding
7D
6.2%
1Y
-6.8%

COTN: Refined 2025 Guidance Will Shape Modest, Balanced Return Prospects

Analysts have raised their price target on Comet Holding modestly, from approximately $232.14 to $241.88, citing slightly stronger expected revenue growth and a higher forward P/E multiple that more than offset a minor downgrade to forecast profit margins. What's in the News Refined 2025 earnings guidance, with management not expecting a rebound in sales volumes until the end of 2025 (Key Developments) Net sales outlook narrowed to the lower end of the CHF 460 million to CHF 500 million range for 2025 (Key Developments) Valuation Changes Fair Value: increased slightly from CHF 232.14 to CHF 241.88, reflecting a modest uplift in the intrinsic valuation estimate.
IFCN
CHF 106.20
INFICON Holding
7D
7.5%
1Y
-2.0%

IFCN: CFO Succession And 2025 Guidance Will Support Further Share Upside

Analysts have slightly trimmed their price target on INFICON Holding by approximately CHF 1. This reflects marginally higher growth and margin expectations that are more than offset by a modestly lower fair value estimate and future earnings multiple.
CICN
CHF 127.50
Cicor Technologies
7D
0.4%
1Y
113.2%
ALSN
CHF 212.00
ALSO Holding
7D
-1.4%
1Y
-7.6%

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 84.55
Temenos
7D
6.2%
1Y
24.6%
WIHN
CHF 14.20
WISeKey International Holding
7D
8.2%
1Y
-15.0%
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
LEHN
CHF 280.00
LEM Holding
7D
-5.1%
1Y
-64.4%
MBTN
CHF 0.024
Meyer Burger Technology
7D
-20.5%
1Y
-98.9%
SENS
CHF 63.70
Sensirion Holding
7D
3.4%
1Y
10.0%