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Swiss (SMI) Tech Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies15
  • 7D-6.2%
  • 3M-14.6%
  • 1Y-14.2%
  • YTD-9.2%

Over the last 7 days, the Tech industry has dropped 6.2%, driven by pullbacks in Logitech International and Temenos of 5.5% and 12%, respectively. On the other hand Landis+Gyr Group is actually up 8.7%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026CHF 28.1bCHF 22.7bCHF 676.5m34.7x41.6x1.2x
Fri, 02 Jan 2026CHF 30.8bCHF 23.0bCHF 650.5m29.3x47.3x1.3x
Sun, 30 Nov 2025CHF 31.6bCHF 23.2bCHF 111.9m33x282.7x1.4x
Tue, 28 Oct 2025CHF 32.1bCHF 23.4bCHF 81.7m34.1x392.9x1.4x
Thu, 25 Sep 2025CHF 36.9bCHF 23.5bCHF 77.5m32.8x476.6x1.6x
Sat, 23 Aug 2025CHF 32.2bCHF 23.7bCHF 100.0m32x321.9x1.4x
Mon, 21 Jul 2025CHF 32.6bCHF 21.8b-CHF 90,885,391.5031.2x-358.6x1.5x
Wed, 18 Jun 2025CHF 29.4bCHF 22.0b-CHF 81,219,445.7829.3x-362.2x1.3x
Fri, 16 May 2025CHF 30.1bCHF 22.1b-CHF 54,710,974.7430.1x-550.7x1.4x
Sun, 13 Apr 2025CHF 24.6bCHF 22.0b-CHF 465,400,308.9025.8x-53x1.1x
Tue, 11 Mar 2025CHF 31.6bCHF 22.9b-CHF 443,284,449.7529x-71.2x1.4x
Thu, 06 Feb 2025CHF 33.4bCHF 23.2b-CHF 368,839,915.4428.7x-90.6x1.4x
Sat, 04 Jan 2025CHF 29.5bCHF 23.1b-CHF 317,821,404.4526.7x-92.9x1.3x
Mon, 02 Dec 2024CHF 28.8bCHF 22.8b-CHF 344,758,614.9427.1x-83.6x1.3x
Wed, 30 Oct 2024CHF 31.9bCHF 23.0b-CHF 174,027,026.2427.5x-183.2x1.4x
Fri, 27 Sep 2024CHF 32.8bCHF 19.6bCHF 627.8m30.7x52.2x1.7x
Sun, 25 Aug 2024CHF 34.5bCHF 22.9b-CHF 213,164,895.6928.5x-161.7x1.5x
Tue, 23 Jul 2024CHF 36.6bCHF 24.2b-CHF 1,380,474,741.5231.2x-26.5x1.5x
Thu, 20 Jun 2024CHF 37.9bCHF 23.9b-CHF 1,347,909,412.0932.7x-28.1x1.6x
Sat, 18 May 2024CHF 36.4bCHF 24.7b-CHF 1,392,036,705.6626.2x-26.1x1.5x
Mon, 15 Apr 2024CHF 35.0bCHF 24.6b-CHF 949,737,015.4331.2x-36.8x1.4x
Wed, 13 Mar 2024CHF 35.9bCHF 24.2b-CHF 722,049,942.5334x-49.7x1.5x
Fri, 09 Feb 2024CHF 38.2bCHF 25.1b-CHF 581,437,434.6934.3x-65.7x1.5x
Sun, 07 Jan 2024CHF 38.0bCHF 24.7b-CHF 645,932,425.0034.2x-58.9x1.5x
Tue, 05 Dec 2023CHF 35.7bCHF 25.3b-CHF 643,071,636.0033.1x-55.5x1.4x
Thu, 02 Nov 2023CHF 33.7bCHF 26.1b-CHF 947,769,221.0027.9x-35.6x1.3x
Sat, 30 Sep 2023CHF 34.3bCHF 26.1b-CHF 892,953,966.0028.7x-38.4x1.3x
Mon, 28 Aug 2023CHF 33.9bCHF 25.7b-CHF 898,513,333.0028.7x-37.7x1.3x
Wed, 26 Jul 2023CHF 35.7bCHF 26.4bCHF 409.8m22.6x87.2x1.4x
Fri, 23 Jun 2023CHF 33.9bCHF 27.3bCHF 454.2m22.4x74.5x1.2x
Sun, 21 May 2023CHF 35.3bCHF 27.1bCHF 455.3m24.3x77.6x1.3x
Tue, 18 Apr 2023CHF 32.9bCHF 27.7bCHF 650.7m23.1x50.6x1.2x
Thu, 16 Mar 2023CHF 31.1bCHF 27.9bCHF 644.3m22.3x48.3x1.1x
Sat, 11 Feb 2023CHF 34.1bCHF 28.6bCHF 1.0b27.1x33.7x1.2x
Price to Earnings Ratio

33.7x


Total Market Cap: CHF 34.1bTotal Earnings: CHF 1.0bTotal Revenue: CHF 28.6bTotal 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 41.6x 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 7.4% 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 Market0.58%
Tech-6.21%
IT-3.57%
Semiconductors-4.71%
Electronic Equipment and Components-4.88%
Tech Hardware-5.48%
Software-11.62%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 91.0x.
    • Analysts are expecting annual earnings growth of 40.2%, 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
LOGN Logitech InternationalCHF 69.982.2%
+CHF 219.9m		-22.5%PE18.6x
LAND Landis+Gyr GroupCHF 54.8012.2%
+CHF 171.7m		-8.7%PS1.3x
CICN Cicor TechnologiesCHF 130.004.4%
+CHF 24.2m		91.7%PE24x
LEHN LEM HoldingCHF 282.001.3%
+CHF 4.0m		-66.4%PE48.6x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x

Latest News

LOGN
CHF 69.98
Logitech International
7D
2.2%
1Y
-22.5%
COTN
CHF 286.80
Comet Holding
7D
-2.2%
1Y
9.0%

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 64.25
Temenos
7D
-10.3%
1Y
-17.4%

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

Feb 02
Investors Should Be Encouraged By Temenos' (VTX:TEMN) Returns On Capital
SWON
CHF 7.10
SoftwareOne Holding
7D
-18.6%
1Y
17.7%

Investors Aren't Entirely Convinced By SoftwareOne Holding AG's (VTX:SWON) Revenues

Feb 01
Investors Aren't Entirely Convinced By SoftwareOne Holding AG's (VTX:SWON) Revenues
LAND
CHF 54.80
Landis+Gyr Group
7D
12.2%
1Y
-8.7%
SENS
CHF 56.00
Sensirion Holding
7D
-4.8%
1Y
-12.5%
IFCN
CHF 118.20
INFICON Holding
7D
-5.6%
1Y
4.8%
KUD
CHF 1.23
Kudelski
7D
2.5%
1Y
-8.6%
CICN
CHF 130.00
Cicor Technologies
7D
4.4%
1Y
91.7%

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.
WIHN
CHF 11.28
WISeKey International Holding
7D
-13.1%
1Y
-13.6%
YTME
CHF 0.54
Youngtimers
7D
-3.6%
1Y
-34.9%
ALSN
CHF 198.40
ALSO Holding
7D
-3.2%
1Y
-21.3%

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 282.00
LEM Holding
7D
1.3%
1Y
-66.4%
ELMN
CHF 1,280.00
Elma Electronic
7D
0.8%
1Y
20.8%