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Swiss (SMI) Tech Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.7%
  • 3M-13.3%
  • 1Y-11.0%
  • YTD-5.8%

Over the last 7 days, the Tech industry has dropped 1.7%, driven by a pullback from Logitech International of 5.8%. In contrast, SoftwareOne Holding has gained 8.7%. However, the industry is down 11% over the past year. 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, 29 Jan 2026CHF 29.2bCHF 22.7bCHF 671.8m34.4x43.5x1.3x
Sat, 27 Dec 2025CHF 30.7bCHF 22.9bCHF 98.6m29.3x311.2x1.3x
Mon, 24 Nov 2025CHF 30.5bCHF 23.2bCHF 115.4m31.4x264.2x1.3x
Wed, 22 Oct 2025CHF 31.9bCHF 23.3bCHF 81.5m33.8x391.3x1.4x
Fri, 19 Sep 2025CHF 32.5bCHF 23.5bCHF 75.4m32.5x430.7x1.4x
Sun, 17 Aug 2025CHF 31.6bCHF 23.7bCHF 57.8m29.6x547.8x1.3x
Tue, 15 Jul 2025CHF 31.6bCHF 21.8b-CHF 93,227,624.1029.8x-338.7x1.5x
Thu, 12 Jun 2025CHF 30.8bCHF 22.1b-CHF 78,683,235.6830.4x-391.3x1.4x
Sat, 10 May 2025CHF 28.4bCHF 22.1b-CHF 57,772,280.2529.9x-492x1.3x
Mon, 07 Apr 2025CHF 25.5bCHF 22.7b-CHF 437,161,167.4026.2x-58.3x1.1x
Wed, 05 Mar 2025CHF 32.0bCHF 22.7b-CHF 458,751,798.5430.6x-69.7x1.4x
Fri, 31 Jan 2025CHF 33.5bCHF 23.3b-CHF 367,114,389.5728.4x-91.2x1.4x
Sun, 29 Dec 2024CHF 29.2bCHF 23.1b-CHF 328,945,414.2326.4x-88.9x1.3x
Tue, 26 Nov 2024CHF 29.0bCHF 22.9b-CHF 336,323,792.6326.9x-86.3x1.3x
Thu, 24 Oct 2024CHF 32.0bCHF 22.9b-CHF 180,217,704.7027.9x-177.5x1.4x
Sat, 21 Sep 2024CHF 33.2bCHF 23.0b-CHF 210,921,350.5730.1x-157.3x1.4x
Mon, 19 Aug 2024CHF 34.8bCHF 23.2b-CHF 148,405,224.7528.8x-234.5x1.5x
Wed, 17 Jul 2024CHF 37.6bCHF 24.3b-CHF 1,388,786,781.1931.9x-27.1x1.5x
Fri, 14 Jun 2024CHF 39.0bCHF 24.1b-CHF 1,359,308,807.6131.9x-28.7x1.6x
Sun, 12 May 2024CHF 34.8bCHF 24.6b-CHF 1,365,982,206.5026.5x-25.5x1.4x
Tue, 09 Apr 2024CHF 35.4bCHF 24.6b-CHF 971,721,805.8732.4x-36.4x1.4x
Thu, 07 Mar 2024CHF 35.8bCHF 24.3b-CHF 609,771,307.5933.4x-58.7x1.5x
Sat, 03 Feb 2024CHF 38.3bCHF 24.9b-CHF 560,768,914.0027.7x-68.3x1.5x
Mon, 01 Jan 2024CHF 39.2bCHF 24.6b-CHF 649,232,026.0036.2x-60.4x1.6x
Wed, 29 Nov 2023CHF 35.2bCHF 25.6b-CHF 671,255,933.0032.2x-52.4x1.4x
Fri, 27 Oct 2023CHF 32.8bCHF 25.9b-CHF 929,860,054.0027.7x-35.3x1.3x
Sun, 24 Sep 2023CHF 34.5bCHF 26.0b-CHF 895,213,824.0029x-38.6x1.3x
Tue, 22 Aug 2023CHF 33.8bCHF 25.7b-CHF 963,650,649.0019x-35x1.3x
Thu, 20 Jul 2023CHF 34.7bCHF 26.6bCHF 434.5m22.4x80x1.3x
Sat, 17 Jun 2023CHF 35.2bCHF 27.2bCHF 454.8m24x77.3x1.3x
Mon, 15 May 2023CHF 34.4bCHF 27.2bCHF 452.9m23.6x75.9x1.3x
Wed, 12 Apr 2023CHF 32.8bCHF 27.8bCHF 653.3m23.2x50.1x1.2x
Fri, 10 Mar 2023CHF 33.6bCHF 27.9bCHF 589.8m22.2x57x1.2x
Sun, 05 Feb 2023CHF 35.8bCHF 28.8bCHF 1.0b28.3x35.4x1.2x
Price to Earnings Ratio

35.4x


Total Market Cap: CHF 35.8bTotal Earnings: CHF 1.0bTotal Revenue: CHF 28.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 30.1x202420252026
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 43.5x which is higher than its 3-year average PE of 30.1x.
  • 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 7.7% 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-0.88%
Tech-1.69%
Semiconductors1.58%
Electronic Equipment and Components1.54%
Software-1.98%
IT-3.57%
Tech Hardware-5.75%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 89.4x.
    • Analysts are expecting annual earnings growth of 39.5%, 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
COTN Comet HoldingCHF 295.003.9%
+CHF 87.0m		5.2%PE58.9x
LAND Landis+Gyr GroupCHF 54.505.4%
+CHF 80.8m		-14.0%PS1.3x
CICN Cicor TechnologiesCHF 124.500.8%
+CHF 4.4m		85.3%PE23x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x
KUD KudelskiCHF 1.221.7%
+CHF 1.1m		-2.0%PS0.2x

Latest News

LAND
CHF 54.50
Landis+Gyr Group
7D
5.4%
1Y
-14.0%
LOGN
CHF 67.36
Logitech International
7D
-7.7%
1Y
-25.4%
SENS
CHF 57.80
Sensirion Holding
7D
-3.3%
1Y
-10.8%
IFCN
CHF 123.60
INFICON Holding
7D
-2.7%
1Y
6.6%
SWON
CHF 8.39
SoftwareOne Holding
7D
-0.9%
1Y
31.5%

SWON: Crayon Integration Progress Will Drive Future Earnings Power

Analysts have trimmed their price expectations for SoftwareOne Holding, with the average target moving lower to around CHF 7.90 from CHF 8.10 as they factor in softer vendor incentives and integration risks linked to Crayon, while still reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future price-to-earnings ratio. Analyst Commentary Recent commentary highlights a tougher setup for SoftwareOne Holding as it works through weaker vendor incentives and the Crayon integration.
TEMN
CHF 68.50
Temenos
7D
-7.1%
1Y
-12.2%

Digital Banking And Cloud Migration Will Support A Stronger Long Term Outlook

Catalysts About Temenos Temenos provides core banking, payments and SaaS software to banks and financial institutions globally. What are the underlying business or industry changes driving this perspective?
COTN
CHF 295.00
Comet Holding
7D
3.9%
1Y
5.2%
KUD
CHF 1.22
Kudelski
7D
1.7%
1Y
-2.0%
CICN
CHF 124.50
Cicor Technologies
7D
0.8%
1Y
85.3%

CICN: Delayed German Deliveries Will Set Up Future Upside Potential

Analysts have trimmed their price target on Cicor Technologies from CHF 211.26 to about CHF 175.00, citing updated assumptions for slightly lower revenue growth, more modest profit margins, a somewhat higher discount rate, and a small uplift in expected future P/E. What's in the News Cicor Technologies revised its earnings guidance for fiscal 2025, citing a weaker-than-expected economic environment, which is affecting its revenue outlook.
AMS
CHF 8.03
ams-OSRAM
7D
-4.2%
1Y
14.9%

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 199.60
ALSO Holding
7D
-3.6%
1Y
-20.2%

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%
LEHN
CHF 279.50
LEM Holding
7D
-6.4%
1Y
-67.9%