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Sep 07
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U.S. Tech Sector Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies918
- 7D-7.0%
- 3M-3.3%
- 1Y27.6%
- YTD18.0%
Over the last 7 days, the Tech industry has dropped 7.0%, driven by a pullback from NVIDIA of 14%. On the other hand Samsara is actually up 7.2%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 17% annually.
Sector Valuation and Performance
Has the U.S. Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Sep 2024 | US$15.6t | US$2.2t | US$374.5b | 27.2x | 41.7x | 7.2x |
| Mon, 05 Aug 2024 | US$15.6t | US$2.1t | US$363.3b | 29.6x | 42.9x | 7.3x |
| Wed, 03 Jul 2024 | US$17.1t | US$2.1t | US$362.9b | 30.7x | 47x | 8.1x |
| Fri, 31 May 2024 | US$15.1t | US$2.1t | US$351.1b | 29.8x | 43.1x | 7.3x |
| Sun, 28 Apr 2024 | US$14.2t | US$2.1t | US$335.6b | 28.4x | 42.3x | 6.9x |
| Tue, 26 Mar 2024 | US$14.9t | US$2.0t | US$328.6b | 27.7x | 45.5x | 7.3x |
| Thu, 22 Feb 2024 | US$14.0t | US$2.0t | US$311.6b | 27.1x | 44.9x | 6.9x |
| Sat, 20 Jan 2024 | US$13.9t | US$2.0t | US$292.0b | 26.4x | 47.4x | 6.8x |
| Mon, 18 Dec 2023 | US$13.4t | US$2.1t | US$293.6b | 26.5x | 45.5x | 6.5x |
| Wed, 15 Nov 2023 | US$12.3t | US$2.0t | US$280.4b | 24.2x | 43.9x | 6x |
| Fri, 13 Oct 2023 | US$12.0t | US$2.0t | US$270.1b | 24.7x | 44.2x | 5.9x |
| Sun, 10 Sep 2023 | US$12.0t | US$2.0t | US$272.9b | 24.3x | 43.8x | 5.9x |
| Tue, 08 Aug 2023 | US$11.9t | US$2.0t | US$262.2b | 25.3x | 45.5x | 5.9x |
| Thu, 06 Jul 2023 | US$12.0t | US$2.0t | US$258.1b | 24.7x | 46.3x | 5.9x |
| Sat, 03 Jun 2023 | US$11.5t | US$2.0t | US$264.1b | 24.6x | 43.7x | 5.7x |
| Mon, 01 May 2023 | US$10.3t | US$2.0t | US$265.6b | 20.9x | 38.9x | 5.1x |
| Wed, 29 Mar 2023 | US$9.9t | US$2.0t | US$278.2b | 22.3x | 35.7x | 4.9x |
| Fri, 24 Feb 2023 | US$10.9t | US$2.3t | US$295.6b | 23.4x | 36.7x | 4.8x |
| Sun, 22 Jan 2023 | US$10.3t | US$2.2t | US$327.5b | 23.5x | 31.5x | 4.6x |
| Tue, 20 Dec 2022 | US$9.8t | US$2.3t | US$330.1b | 21.6x | 29.7x | 4.4x |
| Thu, 17 Nov 2022 | US$10.3t | US$2.2t | US$333.3b | 22.5x | 30.9x | 4.6x |
| Sat, 15 Oct 2022 | US$9.2t | US$2.2t | US$345.2b | 18.6x | 26.8x | 4.2x |
| Mon, 12 Sep 2022 | US$10.9t | US$2.2t | US$346.8b | 21.3x | 31.5x | 5x |
| Wed, 10 Aug 2022 | US$11.5t | US$2.2t | US$351.1b | 22.5x | 32.8x | 5.3x |
| Fri, 08 Jul 2022 | US$10.7t | US$2.2t | US$359.4b | 23.2x | 29.6x | 5x |
| Sun, 05 Jun 2022 | US$11.2t | US$2.1t | US$358.6b | 25.6x | 31.2x | 5.2x |
| Tue, 03 May 2022 | US$11.6t | US$2.1t | US$356.5b | 23.9x | 32.7x | 5.6x |
| Thu, 31 Mar 2022 | US$13.3t | US$2.1t | US$346.2b | 26.2x | 38.4x | 6.5x |
| Sat, 26 Feb 2022 | US$12.7t | US$2.1t | US$356.1b | 25.5x | 35.7x | 5.9x |
| Mon, 24 Jan 2022 | US$12.9t | US$2.2t | US$346.7b | 27.1x | 37.1x | 6x |
| Wed, 22 Dec 2021 | US$14.5t | US$2.1t | US$346.7b | 28x | 41.8x | 6.8x |
| Fri, 19 Nov 2021 | US$15.0t | US$2.1t | US$339.4b | 29.5x | 44.1x | 7x |
| Sun, 17 Oct 2021 | US$13.9t | US$2.0t | US$314.8b | 32.4x | 44.1x | 6.8x |
| Tue, 14 Sep 2021 | US$13.8t | US$2.0t | US$312.4b | 28.2x | 44.1x | 6.8x |
Price to Earnings Ratio
44.1x
Current Industry PE
- Investors are relatively neutral on the American Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 39.3x.
- The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 6.2% per year over the last three years.
- Revenues for these companies have grown 2.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech sector?
| US Market | -4.43% | |
| Tech | -7.04% | |
| IT | -2.88% | |
| Tech Hardware | -3.75% | |
| Software | -3.80% | |
| Communications | -5.53% | |
| Electronic Equipment and Components | -7.67% | |
| Semiconductors | -13.06% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 36.7x.
- Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings decline of 7.2% per year.
- Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average of 25.6x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 7.2% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IOT Samsara | US$44.02 | 7.2% +US$1.6b | 44.0% | PS22.1x | |
| ORCL Oracle | US$141.81 | 0.4% +US$1.4b | 12.3% | PE37.3x | |
| GWRE Guidewire Software | US$161.72 | 8.7% +US$1.1b | 71.8% | PS13.6x | |
| GTLB GitLab | US$53.09 | 12.0% +US$985.1m | 1.4% | PS12.8x | |
| SMAR Smartsheet | US$52.27 | 7.1% +US$490.1m | 21.5% | PS6.9x |