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U.S. Electronic Equipment and Components Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies184
  • 7D4.0%
  • 3M22.8%
  • 1Y63.7%
  • YTD13.5%

Over the last 7 days, the Electronic Equipment and Components industry has risen 4.0%, driven by gains from Amphenol of 1.7%. Meanwhile, Coherent actually underperformed within the industry, shrinking 10% in the last week. This takes the industry's 12 month performance to a gain of 64%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026US$750.7bUS$404.8bUS$15.0b28.3x50.1x1.9x
Wed, 14 Jan 2026US$670.1bUS$395.3bUS$16.0b27.1x41.8x1.7x
Fri, 12 Dec 2025US$694.6bUS$396.0bUS$16.3b25.8x42.5x1.8x
Sun, 09 Nov 2025US$660.2bUS$395.9bUS$16.0b25.3x41.2x1.7x
Tue, 07 Oct 2025US$626.1bUS$388.4bUS$13.7b25.2x45.7x1.6x
Thu, 04 Sep 2025US$575.8bUS$386.6bUS$13.5b23.1x42.7x1.5x
Sat, 02 Aug 2025US$569.8bUS$383.9bUS$15.0b22.8x37.9x1.5x
Mon, 30 Jun 2025US$530.2bUS$377.8bUS$13.5b23.6x39.2x1.4x
Wed, 28 May 2025US$474.3bUS$375.7bUS$13.4b22.4x35.4x1.3x
Fri, 25 Apr 2025US$408.1bUS$373.3bUS$13.6b20.4x30x1.1x
Sun, 23 Mar 2025US$437.8bUS$371.0bUS$13.9b20.4x31.4x1.2x
Tue, 18 Feb 2025US$477.2bUS$370.8bUS$14.8b23.9x32.2x1.3x
Thu, 16 Jan 2025US$467.2bUS$369.6bUS$15.6b25.8x30x1.3x
Sat, 14 Dec 2024US$481.0bUS$369.6bUS$15.6b26.4x30.8x1.3x
Mon, 11 Nov 2024US$489.6bUS$369.8bUS$15.8b24.5x30.9x1.3x
Wed, 09 Oct 2024US$443.5bUS$323.1bUS$15.9b24.2x28x1.4x
Fri, 06 Sep 2024US$422.5bUS$323.9bUS$15.9b21.8x26.7x1.3x
Sun, 04 Aug 2024US$405.0bUS$325.4bUS$14.5b22.2x28x1.2x
Tue, 02 Jul 2024US$430.5bUS$329.2bUS$15.1b21.4x28.5x1.3x
Thu, 30 May 2024US$435.9bUS$331.2bUS$15.3b21x28.6x1.3x
Sat, 27 Apr 2024US$409.8bUS$338.7bUS$15.9b18.8x25.8x1.2x
Mon, 25 Mar 2024US$417.7bUS$339.8bUS$15.7b19x26.7x1.2x
Wed, 21 Feb 2024US$402.8bUS$341.3bUS$15.0b19.1x26.8x1.2x
Fri, 19 Jan 2024US$388.9bUS$350.3bUS$13.7b19.2x28.4x1.1x
Sun, 17 Dec 2023US$404.4bUS$352.2bUS$13.7b20.9x29.5x1.1x
Tue, 14 Nov 2023US$354.7bUS$353.6bUS$13.9b18.2x25.5x1x
Thu, 12 Oct 2023US$371.8bUS$358.4bUS$14.4b17.2x25.8x1x
Sat, 09 Sep 2023US$377.5bUS$360.4bUS$14.6b15.6x25.8x1x
Mon, 07 Aug 2023US$389.7bUS$359.4bUS$15.1b16.8x25.8x1.1x
Wed, 05 Jul 2023US$395.4bUS$361.6bUS$15.0b17.5x26.3x1.1x
Fri, 02 Jun 2023US$363.0bUS$362.6bUS$15.1b16.5x24.1x1x
Sun, 30 Apr 2023US$347.0bUS$361.3bUS$15.6b15.4x22.3x1x
Tue, 28 Mar 2023US$358.9bUS$360.1bUS$15.9b16.7x22.6x1x
Thu, 23 Feb 2023US$369.2bUS$359.2bUS$15.9b17.1x23.3x1x
Price to Earnings Ratio

23.3x


Total Market Cap: US$369.2bTotal Earnings: US$15.9bTotal Revenue: US$359.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 30.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.1x which is higher than its 3-year average PE of 30.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market-1.34%
Tech-1.56%
Electronic Equipment and Components4.03%
Electronic Components6.27%
Electronic Manufacturing Services3.56%
Electronic Equipment and Instruments3.44%
Technology Distributors-5.78%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 50.8x.
    • Analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings growth of 11.2% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 16% 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
APH AmphenolUS$146.721.7%
+US$3.8b		113.0%PE42.2x
TEL TE ConnectivityUS$236.194.3%
+US$2.9b		54.6%PE33.5x
CGNX CognexUS$58.7934.5%
+US$2.4b		77.1%PE85.1x
GLW CorningUS$133.461.6%
+US$1.9b		154.0%PE71.7x
IPGP IPG PhotonicsUS$153.9138.2%
+US$1.8b		142.3%PE208.5x

Latest News

BDC
US$149.62
Belden
7D
6.3%
1Y
30.2%

Belden Inc. (NYSE:BDC) Just Reported And Analysts Have Been Lifting Their Price Targets

Feb 16
Belden Inc. (NYSE:BDC) Just Reported And Analysts Have Been Lifting Their Price Targets
COHR
US$217.23
Coherent
7D
-10.4%
1Y
150.3%
GLW
US$133.46
Corning
7D
1.6%
1Y
154.0%
TTMI
US$91.80
TTM Technologies
7D
-6.3%
1Y
247.1%
CGNX
US$58.79
Cognex
7D
34.5%
1Y
77.1%
APH
US$146.72
Amphenol
7D
1.7%
1Y
113.0%
IPGP
US$153.91
IPG Photonics
7D
38.2%
1Y
142.3%
TEL
US$236.19
TE Connectivity
7D
4.3%
1Y
54.6%
AEIS
US$314.27
Advanced Energy Industries
7D
12.6%
1Y
152.9%
ITRI
US$89.36
Itron
7D
-14.5%
1Y
-7.9%

ITRI: Grid Edge Partnerships Will Support Long-Duration Utility IoT Cash Flows

Analysts have trimmed their price expectations for Itron, with the average target moving from about US$140 to roughly US$137, reflecting slightly lower fair value and P/E assumptions while still citing supportive research updates and recent target revisions. Analyst Commentary Bullish Takeaways Bullish analysts continue to carry Buy ratings even after trimming price targets, which signals ongoing confidence in Itron’s long term execution and earnings potential at current valuation levels.
SNX
US$161.54
TD SYNNEX
7D
-6.2%
1Y
11.9%
KEYS
US$233.51
Keysight Technologies
7D
-1.0%
1Y
27.3%

KEYS: Future Returns Will Rely On AI Demand And Wireless Cycle Stabilization

Narrative update on Keysight Technologies The analyst price target for Keysight Technologies has edged up to about $221, with analysts pointing to recent revenue and margin performance, upbeat EPS guidance, and signs of stabilization in wireless and defense demand as support for this modest adjustment. Analyst Commentary Recent Street research around Keysight Technologies has focused on earnings delivery, margin performance, and signs of demand stabilization, with several analysts adjusting their price targets in response.
JBL
US$254.58
Jabil
7D
-4.3%
1Y
50.1%

JBL: Manufacturing Collaboration And Buybacks Will Support Balanced Medium Term Outlook

Analysts have kept their price target for Jabil broadly steady at around $264.50. This reflects small tweaks to assumptions for the discount rate, revenue growth, profit margin, and future P/E multiple, rather than a major change in conviction.
CDW
US$126.86
CDW
7D
-11.6%
1Y
-33.0%

CDW: Cloud Services Expansion Will Support Earnings Power After Recent Reset

Analysts trimmed their price targets on CDW by a few dollars to around US$218. This reflects slightly softer assumptions for revenue growth and profit margins, partly offset by a higher expected future P/E multiple.
RAL
US$44.13
Ralliant
7D
7.2%
1Y
n/a

Grid Modernization And Defense Spending Will Support This Undervalued Supplier’s Long-Term Potential

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FLEX
US$64.24
Flex
7D
-2.8%
1Y
51.1%