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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies182
  • 7D7.2%
  • 3M13.9%
  • 1Y52.4%
  • YTD6.6%

In the last week, the Electronic Equipment and Components industry is up 7.2%, with Amphenol up 10%. In the last 12 months, the industry was up 52%. 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
Sun, 18 Jan 2026US$703.1bUS$395.3bUS$16.0b27.8x43.9x1.8x
Tue, 16 Dec 2025US$661.8bUS$396.0bUS$16.2b24.7x41x1.7x
Thu, 13 Nov 2025US$667.6bUS$395.9bUS$16.0b25.3x41.6x1.7x
Sat, 11 Oct 2025US$635.8bUS$388.4bUS$13.7b24.9x46.4x1.6x
Mon, 08 Sep 2025US$591.8bUS$386.6bUS$13.5b23.9x43.9x1.5x
Wed, 06 Aug 2025US$575.8bUS$384.0bUS$15.0b22.6x38.4x1.5x
Fri, 04 Jul 2025US$544.5bUS$377.6bUS$13.6b25.5x40.1x1.4x
Sun, 01 Jun 2025US$483.2bUS$375.7bUS$13.4b21.9x36.1x1.3x
Tue, 29 Apr 2025US$427.7bUS$373.3bUS$13.6b19.6x31.4x1.1x
Thu, 27 Mar 2025US$448.7bUS$371.0bUS$13.9b21.3x32.2x1.2x
Sat, 22 Feb 2025US$467.4bUS$370.9bUS$14.8b23.8x31.6x1.3x
Mon, 20 Jan 2025US$478.3bUS$369.6bUS$15.6b25.9x30.8x1.3x
Wed, 18 Dec 2024US$483.5bUS$369.6bUS$15.6b26x31x1.3x
Fri, 15 Nov 2024US$473.3bUS$369.6bUS$15.8b23.5x29.9x1.3x
Sun, 13 Oct 2024US$457.1bUS$323.1bUS$15.9b24.1x28.8x1.4x
Tue, 10 Sep 2024US$413.6bUS$323.9bUS$15.8b21.7x26.2x1.3x
Thu, 08 Aug 2024US$401.5bUS$325.3bUS$15.7b21.4x25.5x1.2x
Sat, 06 Jul 2024US$429.5bUS$329.2bUS$15.1b21.3x28.4x1.3x
Mon, 03 Jun 2024US$432.8bUS$331.3bUS$15.3b21.5x28.4x1.3x
Wed, 01 May 2024US$411.3bUS$338.2bUS$15.8b18.4x26x1.2x
Fri, 29 Mar 2024US$422.9bUS$338.7bUS$15.7b19.1x27x1.2x
Sun, 25 Feb 2024US$407.9bUS$341.1bUS$14.9b19x27.3x1.2x
Tue, 23 Jan 2024US$396.7bUS$350.3bUS$13.7b19.7x29x1.1x
Thu, 21 Dec 2023US$405.9bUS$352.2bUS$13.7b21x29.6x1.2x
Sat, 18 Nov 2023US$367.4bUS$353.7bUS$13.9b18.7x26.4x1x
Mon, 16 Oct 2023US$358.3bUS$358.4bUS$14.4b16.7x24.9x1x
Wed, 13 Sep 2023US$376.5bUS$360.4bUS$14.6b16.4x25.8x1x
Fri, 11 Aug 2023US$386.9bUS$359.6bUS$15.1b17.8x25.6x1.1x
Sun, 09 Jul 2023US$392.7bUS$361.6bUS$15.0b17.1x26.1x1.1x
Tue, 06 Jun 2023US$370.2bUS$362.6bUS$15.1b16.3x24.5x1x
Thu, 04 May 2023US$343.2bUS$360.0bUS$15.4b15.7x22.2x1x
Sat, 01 Apr 2023US$376.7bUS$361.3bUS$16.2b17.5x23.3x1x
Mon, 27 Feb 2023US$366.2bUS$359.2bUS$15.9b16.9x23.1x1x
Wed, 25 Jan 2023US$376.2bUS$354.7bUS$16.6b16.7x22.6x1.1x
Price to Earnings Ratio

22.6x


Total Market Cap: US$376.2bTotal Earnings: US$16.6bTotal Revenue: US$354.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 30.4x202420252026
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 43.9x which is higher than its 3-year average PE of 30.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.8x.
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 3.7% 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-0.34%
Tech-0.71%
Electronic Equipment and Components7.17%
Electronic Components9.67%
Electronic Manufacturing Services8.59%
Electronic Equipment and Instruments3.07%
Technology Distributors0.24%
Industry PE
  • Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 44.9x.
    • Analysts are expecting annual earnings growth of 24.4%, which is lower than the prior year's growth of 27.6% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 12% 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$154.3910.2%
+US$17.4b		122.4%PE49.5x
GLW CorningUS$94.2010.5%
+US$7.7b		89.0%PE59.1x
TTMI TTM TechnologiesUS$101.0136.7%
+US$2.8b		295.5%PE79.1x
JBL JabilUS$251.2911.1%
+US$2.7b		54.3%PE37.7x
TEL TE ConnectivityUS$241.014.1%
+US$2.6b		65.4%PE38.4x

Latest News

JBL
US$251.29
Jabil
7D
11.1%
1Y
54.3%
COHR
US$191.04
Coherent
7D
7.3%
1Y
94.4%
OUST
US$26.36
Ouster
7D
-5.4%
1Y
148.7%

Ouster, Inc. (NASDAQ:OUST) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Jan 15
Ouster, Inc. (NASDAQ:OUST) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable
TDY
US$581.72
Teledyne Technologies
7D
6.0%
1Y
22.8%
TTMI
US$101.01
TTM Technologies
7D
36.7%
1Y
295.5%

TTM Technologies, Inc.'s (NASDAQ:TTMI) P/E Is Still On The Mark Following 29% Share Price Bounce

Jan 14
TTM Technologies, Inc.'s (NASDAQ:TTMI) P/E Is Still On The Mark Following 29% Share Price Bounce
APH
US$154.39
Amphenol
7D
10.2%
1Y
122.4%

Bullish: Analysts Just Made A Decent Upgrade To Their Amphenol Corporation (NYSE:APH) Forecasts

Jan 14
Bullish: Analysts Just Made A Decent Upgrade To Their Amphenol Corporation (NYSE:APH) Forecasts
TROO
US$4.03
TROOPS
7D
-13.3%
1Y
111.0%
NSSC
US$38.60
Napco Security Technologies
7D
-8.4%
1Y
10.4%

NSSC: Sustained Estimate Beats And Equipment Demand Should Support Further Outperformance

Analysts have raised their price target on Napco Security Technologies by $7 to $50, citing recent estimate beats, faster equipment sales growth, and increased confidence in both near-term and long-term performance. Analyst Commentary Bullish analysts are pointing to recent estimate beats and quicker equipment sales growth as key reasons for their higher conviction in Napco Security Technologies.
ZBRA
US$251.21
Zebra Technologies
7D
-3.2%
1Y
-38.1%
TEL
US$241.01
TE Connectivity
7D
4.1%
1Y
65.4%

We Think TE Connectivity (NYSE:TEL) Can Manage Its Debt With Ease

Jan 10
We Think TE Connectivity (NYSE:TEL) Can Manage Its Debt With Ease
CDW
US$131.75
CDW
7D
-1.3%
1Y
-30.2%

CDW: Software And Services Mix Will Support Earnings Quality Despite Near-Term Headwinds

Analysts have trimmed their CDW price targets to about $170 from $200, citing softer than expected recent revenue, slightly lower implied Q4 revenue guidance, and an uncertain spending backdrop, partly offset by the potential long term benefit of a greater mix of higher margin software and services. Analyst Commentary Analysts are processing the lower price targets through the lens of near term execution risks versus longer term mix and margin potential.
EVLV
US$6.24
Evolv Technologies Holdings
7D
-13.2%
1Y
95.6%

EVLV: Q3 Beat And 2026 ARR Breakout Potential Support Bullish Outlook

Analysts have raised their fair value estimate for Evolv Technologies Holdings to $10.00 from $8.25 after a Q3 performance that they describe as very strong, and based on expectations that annual recurring revenue growth could outpace overall revenue growth by 2026. Analyst Commentary Bullish analysts are pointing to Evolv Technologies Holdings' Q3 performance as a key support for higher valuation expectations, with recent fair value and price target increases signaling growing confidence in the company’s execution.
BMI
US$171.68
Badger Meter
7D
-1.7%
1Y
-20.2%
VNT
US$37.88
Vontier
7D
-2.8%
1Y
1.1%

VNT: Future Earnings Power Will Rely On Ongoing Share Repurchases

Analysts have adjusted their price target for Vontier slightly lower to about $46 per share from roughly $46.50 per share. This reflects small changes to fair value, discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations.
FN
US$494.45
Fabrinet
7D
10.6%
1Y
104.4%

FN: Future Performance Will Be Shaped By Buybacks And Earnings Guidance

Analysts have raised their price target on Fabrinet to US$492.67 from US$479.25, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that together support a slightly higher valuation framework. What's in the News Fabrinet reported that between June 28, 2025 and September 26, 2025, it repurchased 970 shares for US$0.27m, completing a total buyback of 3,875,048 shares, or 10.53% of the company, under its repurchase program announced on August 21, 2017 (Key Developments).
GLW
US$94.20
Corning
7D
10.5%
1Y
89.0%

GLW: Optical And Solar Execution Risks May Undermine AI Fiber Hopes

Analysts have nudged their fair value estimate for Corning higher from US$69.53 to US$71.59, reflecting recent price target increases that cite stronger contributions from Display, Specialty Materials, polysilicon related revenue and data center focused fiber demand, even as Optical remains a key focus for the current P/E multiple. Analyst Commentary Recent Street commentary on Corning clusters around a similar theme, with higher price targets tied to specific business drivers and a close watch on how those drivers affect the current P/E multiple.