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Swiss (SMI) Tech Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.3%
  • 3M-10.1%
  • 1Y-9.9%
  • YTD-10.9%

Over the last 7 days, the Tech industry has dropped 3.3%, driven by a pullback from Logitech International of 4.5%. The industry has fallen 9.9% in the last year. 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
Tue, 24 Mar 2026CHF 27.6bCHF 24.9bCHF 754.0m32.7x36.6x1.1x
Thu, 19 Feb 2026CHF 28.2bCHF 22.6bCHF 711.0m34.7x39.7x1.2x
Sat, 17 Jan 2026CHF 30.5bCHF 23.1bCHF 658.0m34.1x46.4x1.3x
Mon, 15 Dec 2025CHF 31.4bCHF 23.2bCHF 106.2m29.5x295.8x1.4x
Wed, 12 Nov 2025CHF 33.0bCHF 23.1bCHF 157.5m33.9x209.2x1.4x
Fri, 10 Oct 2025CHF 32.7bCHF 23.6bCHF 90.5m34.1x361.2x1.4x
Sun, 07 Sep 2025CHF 30.7bCHF 23.5bCHF 79.8m30.9x384.9x1.3x
Tue, 05 Aug 2025CHF 31.1bCHF 23.6bCHF 51.0m30.2x610.8x1.3x
Thu, 03 Jul 2025CHF 30.6bCHF 21.8b-CHF 97,875,356.6929.4x-312.2x1.4x
Sat, 31 May 2025CHF 28.7bCHF 22.0b-CHF 76,876,998.1829.8x-373.7x1.3x
Mon, 28 Apr 2025CHF 26.8bCHF 22.4b-CHF 464,456,260.5427.4x-57.7x1.2x
Wed, 26 Mar 2025CHF 31.4bCHF 23.0b-CHF 424,488,682.3028.3x-73.9x1.4x
Fri, 21 Feb 2025CHF 34.4bCHF 23.3b-CHF 335,450,907.9729.6x-102.7x1.5x
Sun, 19 Jan 2025CHF 31.1bCHF 23.2b-CHF 315,701,873.9627.6x-98.5x1.3x
Tue, 17 Dec 2024CHF 29.2bCHF 23.0b-CHF 336,885,360.3426.2x-86.8x1.3x
Thu, 14 Nov 2024CHF 28.8bCHF 22.9b-CHF 341,780,249.0727x-84.3x1.3x
Sat, 12 Oct 2024CHF 33.4bCHF 22.9b-CHF 198,720,769.3629.7x-168x1.5x
Mon, 09 Sep 2024CHF 34.8bCHF 23.6b-CHF 211,810,654.0228.9x-164.5x1.5x
Wed, 07 Aug 2024CHF 32.9bCHF 22.9b-CHF 76,265,122.3029.9x-431.8x1.4x
Fri, 05 Jul 2024CHF 38.0bCHF 24.4b-CHF 1,380,816,551.9531.8x-27.5x1.6x
Sun, 02 Jun 2024CHF 38.1bCHF 24.5b-CHF 1,389,678,718.5826.9x-27.4x1.6x
Tue, 30 Apr 2024CHF 33.6bCHF 24.5b-CHF 1,518,587,249.6133x-22.1x1.4x
Thu, 28 Mar 2024CHF 35.6bCHF 24.6b-CHF 967,150,844.4433.1x-36.8x1.4x
Sat, 24 Feb 2024CHF 36.9bCHF 24.2b-CHF 570,408,918.5834.2x-64.7x1.5x
Mon, 22 Jan 2024CHF 39.0bCHF 25.1b-CHF 658,265,153.0036.7x-59.3x1.6x
Wed, 20 Dec 2023CHF 37.9bCHF 25.2b-CHF 652,024,960.0036.3x-58.1x1.5x
Fri, 17 Nov 2023CHF 36.1bCHF 25.7b-CHF 662,049,910.0031.7x-54.6x1.4x
Sun, 15 Oct 2023CHF 33.3bCHF 25.7b-CHF 868,822,497.0027.6x-38.4x1.3x
Tue, 12 Sep 2023CHF 34.3bCHF 25.8b-CHF 894,023,304.0028x-38.4x1.3x
Thu, 10 Aug 2023CHF 35.1bCHF 25.7b-CHF 948,231,509.0019.2x-37.1x1.4x
Sat, 08 Jul 2023CHF 34.0bCHF 27.1bCHF 451.9m22.5x75.3x1.3x
Mon, 05 Jun 2023CHF 35.6bCHF 27.2bCHF 467.6m24.5x76.1x1.3x
Wed, 03 May 2023CHF 34.2bCHF 27.5bCHF 583.2m23.5x58.6x1.2x
Fri, 31 Mar 2023CHF 33.0bCHF 28.0bCHF 658.6m24.1x50.1x1.2x
Price to Earnings Ratio

50.1x


Total Market Cap: CHF 33.0bTotal Earnings: CHF 658.6mTotal Revenue: CHF 28.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 29.7x202420252026
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 36.6x which is higher than its 3-year average PE of 29.7x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 4.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

CH Market-3.48%
Tech-3.33%
IT8.44%
Electronic Equipment and Components-2.17%
Software-3.55%
Semiconductors-4.40%
Tech Hardware-4.47%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 99x.
    • Analysts are expecting annual earnings growth of 41.0%, which is higher than its past year's earnings decline of 28.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 58% over the next 5 years.
  • In contrast, the Software industry is expected to see its earnings growth to stay flat 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 249.601.1%
+CHF 20.2m		6.0%PE158.9x
LEHN LEM HoldingCHF 285.506.5%
+CHF 19.9m		-61.9%PE38.8x
YTME YoungtimersCHF 0.498.4%
+CHF 7.0m		-30.3%n/a
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x
KUD KudelskiCHF 1.360.7%
+CHF 561.7k		3.4%PS0.3x

Latest News

AMS
CHF 8.04
ams-OSRAM
7D
-4.0%
1Y
-8.6%
SENS
CHF 55.60
Sensirion Holding
7D
-3.5%
1Y
-25.8%
LOGN
CHF 70.96
Logitech International
7D
-4.5%
1Y
-12.3%

LOGN: New Buybacks And AI Cameras Will Support Future Upside

Analysts have nudged their price target for Logitech International slightly higher to CHF 113.17 from CHF 111.08, citing small adjustments to fair value estimates, discount rate, revenue growth expectations, profit margin assumptions and future P/E inputs. What's in the News The Board of Directors authorized a new share repurchase plan for up to US$1,400m of shares to be bought back over three years, subject to Swiss Takeover Board approval (Buyback Transaction Announcements).
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
ALSN
CHF 142.80
ALSO Holding
7D
-7.8%
1Y
-43.2%
KUD
CHF 1.36
Kudelski
7D
0.7%
1Y
3.4%
COTN
CHF 249.60
Comet Holding
7D
1.1%
1Y
6.0%

COTN: Higher 2026 Sales Outlook Will Support Future Upside

Analysts are maintaining their price target for Comet Holding at CHF 370.00. Slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E are helping to refine, rather than rethink, their valuation view.
LEHN
CHF 285.50
LEM Holding
7D
6.5%
1Y
-61.9%

LEHN: Higher Margin Guidance And Efficiency Focus Will Support Future Upside

Analysts have kept their LEM Holding price target steady at CHF379, citing only slight adjustments to assumptions for the discount rate, profit margin, and future P/E that do not materially change their view of fair value. What's in the News LEM Holding SA raised earnings guidance for the year 2026, signalling updated internal expectations for the upcoming period (Key Developments).
SWON
CHF 6.81
SoftwareOne Holding
7D
-1.6%
1Y
17.4%

SWON: Crayon Integration Execution Will Offset Vendor Incentive Headwinds

Analysts have trimmed their price target for SoftwareOne Holding to CHF 7.90 from CHF 8.10, citing what they see as an uphill battle related to declining vendor incentives and the Crayon integration. Analyst Commentary Recent research points to a more cautious stance on SoftwareOne Holding, with the latest move being a downgrade alongside a lower price target of CHF 7.90 from CHF 8.10.
TEMN
CHF 72.00
Temenos
7D
-3.5%
1Y
2.4%
IFCN
CHF 109.20
INFICON Holding
7D
-1.1%
1Y
12.6%

IFCN: Rich Multiple Will Face Pressure From Softer 2025 Earnings Guidance

Analysts have lifted their price target for INFICON Holding slightly to around CHF 79.68 from about CHF 79.68, citing updated assumptions for revenue growth, profit margins and future P/E multiples following recent research including the Deutsche Bank upgrade. Analyst Commentary Recent research, including the Deutsche Bank work referenced above, highlights that views on INFICON Holding remain mixed, with some cautious voices focusing on what could go wrong rather than what could go right.
LAND
CHF 50.10
Landis+Gyr Group
7D
-2.3%
1Y
-8.6%

LAND: Grid Edge Collaboration And Margin Execution Will Support Future P E Re Rating

Analysts have trimmed their average price target for Landis+Gyr Group by CHF 10 to reflect slightly adjusted fair value estimates, updated discount rate assumptions and revised expectations for revenue trends, profit margins and future P/E levels, as seen in the recent Berenberg move to lower its target. Analyst Commentary Bullish analysts frame the latest price target trim as a calibration of their models rather than a break in confidence, with the CHF 10 move seen as aligning fair value estimates with updated assumptions rather than signaling a shift in the underlying equity story.
YTME
CHF 0.49
Youngtimers
7D
8.4%
1Y
-30.3%