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LEM Holding

LEHN.SW Small Cap

Technology · Electronic Components

Updated: May 22, 2026, 22:06 UTC

CHF 328.00
-2.96% today
52W: CHF 254.50 – CHF 915.00
52W Low: CHF 254.50 Position: 11.1% 52W High: CHF 915.00

Key Metrics

P/E Ratio
56.75x
Price-to-Earnings
Forward P/E
19.72x
Forward Price/Earnings
P/S Ratio
1.27x
Price-to-Sales
EV/EBITDA
11.36x
Enterprise Value/EBITDA
Div. Yield
Annual dividend yield
Market Cap
$373.4M
Market Capitalization
Revenue Growth
-5.6%
YoY Revenue Growth
Profit Margin
2.84%
Net profit margin
ROE
Return on Equity
Beta
0.86
Market sensitivity
Short Interest
% of float sold short
Avg. Volume
3,231
Average daily volume

Valuation Analysis

Signal
Overvalued
vs. S&P 500 avg P/E (24.7x)
Analyst Consensus
Hold
5 analysts
Avg. Price Target
CHF 359.40
+9.57% upside
Target Range
CHF 260.00 – CHF 410.00

About the Company

LEM Holding SA, together with its subsidiaries, provides solutions for measuring electrical parameters in China, Japan, South Korea, India, Southeast Asia, Europe, the Middle East, Africa, NAFTA and Latin America. The company offers current and voltage sensors; energy meters; integrated current sensors; and Rogowski coils; and after-sales and return merchandise authorization services. Its products are used in various applications, such as automotive battery management and motor control, electric vehicle chargers, smart grid, welding, automation, drives, high-precision, power supplies, renewable energies, traction, and trackside activities. LEM Holding SA was founded in 1972 and is headquartered in Meyrin, Switzerland.

Sector: Technology Industry: Electronic Components Country: Switzerland Employees: 1,629 Exchange: EBS

LEM Holding Stock at a Glance

LEM Holding (LEHN.SW) is currently trading at CHF 328.00 with a market capitalization of $373.4M. The trailing P/E ratio stands at 56.75x, with a forward P/E of 19.72x. The 52-week range spans from CHF 254.50 to CHF 915.00; the current price is 64.2% below the yearly high. Year-over-year revenue growth stands at -5.6%. The net profit margin stands at 2.84%.

💰 Dividend

LEM Holding currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Analyst Rating

5 analysts rate LEM Holding (LEHN.SW) on consensus: Hold. The average price target is CHF 359.40, implying +9.57% from the current price. Analyst price targets range from CHF 260.00 to CHF 410.00.

Investment Thesis: Strengths & Weaknesses

Strengths

No standout strengths in current data.

Weaknesses
  • Revenue shrinking (-5.6% YoY)
  • Low profitability (2.84% margin)
  • High valuation multiple (P/E 56.75x)
  • Currently flagged as overvalued

Technical Snapshot

50-Day MA
CHF 303.76
+7.98% vs. price
200-Day MA
CHF 366.06
-10.4% vs. price
Below 52W High
−64.2%
CHF 915.00
Above 52W Low
+28.9%
CHF 254.50

The price is in a transition zone relative to the moving averages — no clear signal.

Risk Profile

Market Risk (Beta)
0.86 · Market-like
Moves less than the overall market
Debt-to-Equity
102.45 · Elevated
Total debt / equity

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

50-Day MA: CHF 303.76
200-Day MA: CHF 366.06
Volume: 2,123
Avg. Volume: 3,231
Short Ratio:
P/B Ratio: 2.85x
Debt/Equity: 102.45x
Free Cash Flow:

LEM Holding (LEHN.SW) 2026: 320,50 CHF Swiss Electrical-Current-and-Voltage Measurement Specialist with Renewable-and-EV Industrial Tailwind

The Real Story

LEM Holding SA (Zurich: LEHN) is a Swiss specialist providing solutions for measuring-electrical-parameters (current, voltage, position) in industrial, automotive (EV traction inverters), renewable-energy (solar inverters), traction (rail). Customer base includes Siemens, ABB, Schneider Electric, plus EV-OEMs and solar-inverter-makers.

What Smart Money Thinks

LEM has Swiss institutional and family base. Werner Mehr Foundation approximately 15 percent. Short-interest sits at approximately 3 percent of float as of May 2026.

Explore the BMI Smart-Money Tracker →

📈 The 3 Real Bull Points

#1 Renewable energy (solar inverter) and EV-traction-inverter demand creates structural growth-tailwind

Solar and EV-traction demand drives 10-15 percent annual growth.

#2 Forward-P/E 19,2x reasonable for quality-growth specialty

Re-rating to 22-26x on fiscal-2027 EPS 18 CHF supports 396-468 CHF.

#3 Werner Mehr Foundation 15 percent provides long-duration discipline

Family-aligned discipline.

📉 The 3 Real Bear Points

#1 EV-cycle weakness compresses traction-inverter demand

European EV demand softness.

#2 Solar inverter price compression from Chinese competition

Chinese-supplier pressure.

#3 Chinese-Asian competitive intensity

Pricing-power compression.

Valuation in Context

LEM at 320,50 CHF per share with approximately 1,14 million shares outstanding has a market capitalization of approximately 365 million CHF. Forward-P/E 19,2x.

Re-rating to 22-26x on fiscal-2027 EPS 18 CHF supports 396-468 CHF — 23-46 percent upside. Bear-case 220-260 CHF. Bull-case 500-580 CHF.

🗓️ Next 3 Catalyst Dates

  1. 2026 Q3:

    H1 fiscal-2026 earnings (FY end March). Watch-items: EV-traction-inverter volume.

  2. 2027 Q1:

    Fiscal-2026 full-year results.

  3. 2027 H2:

    Continued renewable energy growth milestones.

💬 Daniel's Take

LEM Holding is a quality-growth Swiss electrical-current-and-voltage measurement specialist with renewable-and-EV tailwind, Werner Mehr Foundation 15 percent anchor. Position-sizing: 0,3–0,8 percent.

Sources (3)

Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.

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