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Swiss (SMI) Tech Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies16
  • 7D-4.4%
  • 3M0.3%
  • 1Y7.9%
  • YTD8.3%

Over the last 7 days, the Tech industry has dropped 4.4%, driven by a pullback from Logitech International of 5.8%. Over the past 12 months, the industry was up 7.9%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025CHF 31.4bCHF 23.2bCHF 106.2m29.5x295.8x1.4x
Tue, 11 Nov 2025CHF 32.8bCHF 23.2bCHF 161.7m34.1x202.7x1.4x
Thu, 09 Oct 2025CHF 33.1bCHF 23.5bCHF 86.6m33.8x382.3x1.4x
Sat, 06 Sep 2025CHF 30.7bCHF 23.5bCHF 79.8m30.9x384.9x1.3x
Mon, 04 Aug 2025CHF 31.7bCHF 23.5bCHF 48.4m30.2x655.7x1.3x
Wed, 02 Jul 2025CHF 30.2bCHF 21.8b-CHF 96,507,982.5929.8x-313.3x1.4x
Fri, 30 May 2025CHF 29.0bCHF 22.0b-CHF 76,691,621.5529.7x-378.6x1.3x
Sun, 27 Apr 2025CHF 26.8bCHF 22.4b-CHF 464,456,260.5427.4x-57.7x1.2x
Tue, 25 Mar 2025CHF 31.2bCHF 23.0b-CHF 424,508,764.6428.1x-73.4x1.4x
Thu, 20 Feb 2025CHF 34.7bCHF 23.2b-CHF 356,781,577.8928.9x-97.2x1.5x
Sat, 18 Jan 2025CHF 31.1bCHF 23.3b-CHF 316,749,637.1427.6x-98.2x1.3x
Mon, 16 Dec 2024CHF 29.6bCHF 23.0b-CHF 335,958,301.5226.6x-88.2x1.3x
Wed, 13 Nov 2024CHF 28.8bCHF 22.9b-CHF 346,543,262.7627.1x-83.2x1.3x
Fri, 11 Oct 2024CHF 33.4bCHF 22.8b-CHF 198,668,015.9629.6x-168x1.5x
Sun, 08 Sep 2024CHF 34.8bCHF 23.6b-CHF 211,810,654.0228.9x-164.5x1.5x
Tue, 06 Aug 2024CHF 33.0bCHF 23.0b-CHF 78,467,581.5130.4x-420.9x1.4x
Thu, 04 Jul 2024CHF 37.7bCHF 24.4b-CHF 1,379,031,162.1131.9x-27.4x1.5x
Sat, 01 Jun 2024CHF 38.1bCHF 24.5b-CHF 1,389,665,886.0826.9x-27.4x1.6x
Mon, 29 Apr 2024CHF 33.4bCHF 24.6b-CHF 1,518,943,760.7732.2x-22x1.4x
Wed, 27 Mar 2024CHF 36.0bCHF 24.6b-CHF 967,288,899.0233.5x-37.3x1.5x
Fri, 23 Feb 2024CHF 36.8bCHF 25.0b-CHF 552,323,667.0034.4x-66.6x1.5x
Sun, 21 Jan 2024CHF 39.0bCHF 25.1b-CHF 658,265,153.0036.7x-59.3x1.6x
Tue, 19 Dec 2023CHF 38.1bCHF 25.3b-CHF 652,024,673.0035.7x-58.4x1.5x
Thu, 16 Nov 2023CHF 36.1bCHF 25.7b-CHF 663,050,857.0031.7x-54.5x1.4x
Sat, 14 Oct 2023CHF 33.3bCHF 25.7b-CHF 866,119,520.0027.6x-38.5x1.3x
Mon, 11 Sep 2023CHF 34.3bCHF 25.8b-CHF 889,406,105.0028.5x-38.6x1.3x
Wed, 09 Aug 2023CHF 35.1bCHF 25.6b-CHF 942,485,087.0019.2x-37.3x1.4x
Fri, 07 Jul 2023CHF 33.5bCHF 27.2bCHF 457.5m22x73.3x1.2x
Sun, 04 Jun 2023CHF 35.6bCHF 27.2bCHF 467.6m24.5x76.1x1.3x
Tue, 02 May 2023CHF 33.5bCHF 27.7bCHF 662.2m22.5x50.6x1.2x
Thu, 30 Mar 2023CHF 31.8bCHF 28.0bCHF 665.6m22.9x47.8x1.1x
Sat, 25 Feb 2023CHF 33.8bCHF 27.9bCHF 674.5m27.4x50.1x1.2x
Mon, 23 Jan 2023CHF 33.1bCHF 29.1bCHF 1.1b26.9x30.9x1.1x
Wed, 21 Dec 2022CHF 30.6bCHF 28.9bCHF 1.1b23.8x28.5x1.1x
Price to Earnings Ratio

28.5x


Total Market Cap: CHF 30.6bTotal Earnings: CHF 1.1bTotal Revenue: CHF 28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Tech Sector Price to Earnings3Y Average 25.5x202320242025
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 296x which is higher than its 3-year average PE of 25.2x.
  • 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 54% per year over the last three years,
  • Revenues have also declined 7.2% 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-0.18%
Tech-4.42%
IT3.03%
Semiconductors0.20%
Software-3.03%
Electronic Equipment and Components-3.77%
Tech Hardware-5.84%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 76.6x.
    • Analysts are expecting annual earnings growth of 41.5%, 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 103% 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
AMS ams-OSRAMCHF 7.631.4%
+CHF 10.4m		8.3%PS0.2x
ALSN ALSO HoldingCHF 216.000.2%
+CHF 6.1m		-5.1%PE24.3x
UBXN u-blox HoldingCHF 135.000.3%
+CHF 3.1m		108.0%PS3.6x
YTME YoungtimersCHF 0.683.0%
+CHF 1.3m		-19.0%PS25x
KUD KudelskiCHF 1.281.2%
+CHF 842.1k		-1.2%PS0.2x

Latest News

IFCN
CHF 99.70
INFICON Holding
7D
-3.8%
1Y
-1.7%

IFCN: Leadership Transition And 2025 Guidance Will Support Attractive Upside Potential

Analysts have raised their price target for INFICON Holding by approximately CHF 2 to around CHF 130, as they factor in a slightly higher long term valuation multiple that more than offsets modest trims to revenue growth and margin assumptions. What's in the News INFICON Holding AG announced that Dimitrij Lisak, currently Corporate Head of Finance and Controlling, will succeed long serving CFO Matthias Tröndle when he steps down on June 30, 2026, as part of the company’s long term succession planning (Key Developments) Outgoing CFO Matthias Tröndle, in the role since 2008, will remain with INFICON during a handover period to support a smooth transition before his retirement (Key Developments) Lisak brings extensive international finance leadership experience from Hilti, where he spent more than 14 years, most recently as Divisional CFO Energy and Industry at the Liechtenstein headquarters, and holds a Master’s in International Business Management plus executive education from IMD (Key Developments) INFICON narrowed its full year 2025 guidance to sales of USD 660 million to 680 million and an operating income margin of around 16 percent to 17 percent, citing a positive order situation and market outlook (Key Developments) The updated guidance reflects confidence in demand but also acknowledges ongoing risks from trade disputes and adverse foreign exchange movements (Key Developments) Valuation Changes The fair value estimate has risen slightly from around CHF 128.25 to approximately CHF 129.90 per share, implying a modest uplift in intrinsic valuation.
ALSN
CHF 216.00
ALSO Holding
7D
0.2%
1Y
-5.1%

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 75.15
Temenos
7D
-3.0%
1Y
13.4%
CICN
CHF 130.50
Cicor Technologies
7D
-26.9%
1Y
133.0%

CICN: Index Inclusion Will Drive Future Upside Potential

Analysts have modestly reaffirmed their conviction in Cicor Technologies, leaving the price target effectively unchanged at CHF 211.26. Slight adjustments to the discount rate, revenue growth, and margin assumptions continue to support a stable valuation profile.
LOGN
CHF 89.08
Logitech International
7D
-5.8%
1Y
17.9%

LOGN: Future Outlook Will Balance Share Buybacks With New Product Expansion

Analysts have modestly raised their price target on Logitech International, citing slightly faster expected revenue growth, a small improvement in profit margins, and only a marginal change in the assumed future price to earnings multiple. This has resulted in an updated fair value estimate that now stands just under 100 dollars per share.
LAND
CHF 51.70
Landis+Gyr Group
7D
-2.3%
1Y
-8.8%

LAND: Rising Margins Will Support Upside As Earnings Visibility Improves

Analysts have trimmed their price target on Landis+Gyr Group to CHF 63 from CHF 65. This reflects slightly higher discount rate assumptions and a modestly lower fair value estimate, despite improving profit margin expectations and a reduced future P E multiple.
COTN
CHF 211.40
Comet Holding
7D
-3.4%
1Y
-19.8%

COTN: Earnings Guidance Revisions And Raised Outlook Will Drive Near-Term Upside

Analysts have raised their price target for Comet Holding from $216.50 to $232.14, citing updated assessments of discount rates as well as modest adjustments to revenue growth and profit margin forecasts. What's in the News Comet Holding AG has refined its earnings guidance for 2025 and expects no rebound in sales volumes until the end of the year (Key Developments).
UBXN
CHF 135.00
u-blox Holding
7D
0.3%
1Y
108.0%
AMS
CHF 7.63
ams-OSRAM
7D
1.4%
1Y
8.3%

ams-OSRAM AG Just Missed Earnings; Here's What Analysts Are Forecasting Now

Nov 21
ams-OSRAM AG Just Missed Earnings; Here's What Analysts Are Forecasting Now
LEHN
CHF 292.00
LEM Holding
7D
-7.3%
1Y
-62.3%
SWON
CHF 8.80
SoftwareOne Holding
7D
-2.1%
1Y
35.8%
YTME
CHF 0.68
Youngtimers
7D
3.0%
1Y
-19.0%
KUD
CHF 1.28
Kudelski
7D
1.2%
1Y
-1.2%