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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies182
  • 7D-0.5%
  • 3M10.5%
  • 1Y46.5%
  • YTD-0.5%

Last week, the Electronic Equipment and Components industry hasn't moved much but Teledyne Technologies is up 5.8% in that time. The past year has been better, since the industry has gained 47% in that time. 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
Sat, 10 Jan 2026US$644.8bUS$395.3bUS$16.0b26x40.3x1.6x
Mon, 08 Dec 2025US$672.7bUS$396.0bUS$16.3b24.6x41.2x1.7x
Wed, 05 Nov 2025US$668.0bUS$395.3bUS$15.5b25.2x43x1.7x
Fri, 03 Oct 2025US$629.6bUS$388.4bUS$13.7b24.4x45.9x1.6x
Sun, 31 Aug 2025US$578.3bUS$386.6bUS$13.5b22.8x42.9x1.5x
Tue, 29 Jul 2025US$567.9bUS$382.4bUS$14.7b23.9x38.6x1.5x
Thu, 26 Jun 2025US$516.0bUS$377.8bUS$13.6b23.7x38.1x1.4x
Sat, 24 May 2025US$476.3bUS$375.7bUS$13.4b22.1x35.5x1.3x
Mon, 21 Apr 2025US$391.8bUS$371.4bUS$13.9b19.4x28.2x1.1x
Wed, 19 Mar 2025US$433.0bUS$371.1bUS$14.7b19.9x29.4x1.2x
Fri, 14 Feb 2025US$473.7bUS$371.1bUS$14.8b23.8x31.9x1.3x
Sun, 12 Jan 2025US$461.5bUS$369.4bUS$15.6b24.8x29.6x1.2x
Tue, 10 Dec 2024US$484.7bUS$369.6bUS$15.6b26.2x31.1x1.3x
Thu, 07 Nov 2024US$459.7bUS$369.7bUS$15.9b23.8x29x1.2x
Sat, 05 Oct 2024US$441.4bUS$323.1bUS$15.8b24.1x28x1.4x
Mon, 02 Sep 2024US$444.7bUS$324.0bUS$15.9b22.7x27.9x1.4x
Wed, 31 Jul 2024US$440.0bUS$327.8bUS$15.1b22.4x29.2x1.3x
Fri, 28 Jun 2024US$427.7bUS$329.4bUS$15.1b21x28.3x1.3x
Sun, 26 May 2024US$440.3bUS$331.3bUS$15.3b21.6x28.9x1.3x
Tue, 23 Apr 2024US$394.2bUS$338.7bUS$15.7b19.2x25.2x1.2x
Thu, 21 Mar 2024US$407.6bUS$339.8bUS$15.7b19x26x1.2x
Sat, 17 Feb 2024US$408.4bUS$341.3bUS$15.0b19.5x27.1x1.2x
Mon, 15 Jan 2024US$390.2bUS$350.3bUS$13.7b19.4x28.5x1.1x
Wed, 13 Dec 2023US$384.5bUS$353.4bUS$13.8b18.8x28x1.1x
Fri, 10 Nov 2023US$353.2bUS$353.6bUS$13.8b17.3x25.5x1x
Sun, 08 Oct 2023US$366.3bUS$358.4bUS$14.4b16.7x25.4x1x
Tue, 05 Sep 2023US$392.4bUS$360.5bUS$14.6b16.9x26.9x1.1x
Thu, 03 Aug 2023US$393.6bUS$360.7bUS$15.0b17.1x26.2x1.1x
Sat, 01 Jul 2023US$396.3bUS$361.6bUS$15.1b17x26.3x1.1x
Mon, 29 May 2023US$365.1bUS$362.6bUS$15.1b16.8x24.2x1x
Wed, 26 Apr 2023US$342.7bUS$361.4bUS$16.2b15.6x21.2x0.9x
Fri, 24 Mar 2023US$357.6bUS$360.1bUS$15.9b16.7x22.5x1x
Sun, 19 Feb 2023US$387.4bUS$360.7bUS$15.9b17.6x24.3x1.1x
Tue, 17 Jan 2023US$373.0bUS$354.7bUS$16.6b16.4x22.4x1.1x
Price to Earnings Ratio

22.4x


Total Market Cap: US$373.0bTotal 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 30.2x202420252026
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 40.3x which is higher than its 3-year average PE of 30.2x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
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 Market1.82%
Tech0.15%
Electronic Equipment and Components-0.54%
Electronic Equipment and Instruments4.21%
Technology Distributors0.25%
Electronic Components-2.02%
Electronic Manufacturing Services-2.18%
Industry PE
  • Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 44.7x.
    • Analysts are expecting annual earnings growth of 24.3%, 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
TDY Teledyne TechnologiesUS$549.025.8%
+US$1.4b		20.3%PE31.5x
NOVT NovantaUS$130.9417.8%
+US$708.3m		-11.2%PE88.7x
ZBRA Zebra TechnologiesUS$259.484.5%
+US$566.4m		-32.7%PE25.7x
APH AmphenolUS$140.160.3%
+US$550.8m		99.7%PE44.9x
MIR Mirion TechnologiesUS$25.979.0%
+US$490.2m		63.4%PE224.5x

Latest News

ZBRA
US$259.48
Zebra Technologies
7D
4.5%
1Y
-32.7%
TEL
US$231.60
TE Connectivity
7D
-0.7%
1Y
64.4%

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
SNX
US$150.45
TD SYNNEX
7D
-1.9%
1Y
12.3%
LFUS
US$278.39
Littelfuse
7D
6.0%
1Y
18.4%
APH
US$140.16
Amphenol
7D
0.3%
1Y
99.7%
SANM
US$153.41
Sanmina
7D
-3.7%
1Y
98.2%

SANM: Full Rack Capability And AMD Ramp Will Drive Future Upside

Analysts have lifted their price target on Sanmina to US$180 from US$150, citing a strong fiscal Q4 update supported by recovery in the communications end market and added full rack assembly capability from ZT Systems, while also flagging macro uncertainty as well as integration and ramp risks with the ZT and AMD partnership. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$180 price target as reflecting stronger confidence in Sanmina's ability to execute after its fiscal Q4 update.
FLEX
US$61.50
Flex
7D
-3.4%
1Y
52.9%
MIR
US$25.97
Mirion Technologies
7D
9.0%
1Y
63.4%

MIR: Reaffirmed 2025 Outlook And Buybacks Will Support Future Upside

Analysts have nudged their price target on Mirion Technologies slightly lower to US$30.63 from US$30.75, reflecting small tweaks to fair value, discount rate, growth, margin and future P/E assumptions, rather than any major shift in the story. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of approximately 7% to 9%, including an estimated 180 basis point foreign exchange tailwind based on a fourth quarter Euro to US$ exchange rate of 1.16.
NOVT
US$130.94
Novanta
7D
17.8%
1Y
-11.2%

NOVT: Equity Units Offering Will Strengthen Balance Sheet And Support Future Deals

Analysts have maintained their fair value estimate for Novanta at approximately $154. They cite only marginal adjustments to the discount rate, long term revenue growth, profit margin assumptions, and future P/E, which do not materially change their overall outlook.
JBL
US$226.15
Jabil
7D
-5.9%
1Y
47.0%

JBL: AI Cybersecurity And Server Expansion Will Support Medium Term Upside

Analysts have kept their price target on Jabil unchanged at US$259.25. This points to largely steady views on discount rate, revenue growth, profit margin, and future P/E assumptions.
FN
US$447.23
Fabrinet
7D
-6.7%
1Y
95.9%

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$85.23
Corning
7D
-6.0%
1Y
80.9%

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.
AEVA
US$19.87
Aeva Technologies
7D
55.8%
1Y
342.5%
TDY
US$549.02
Teledyne Technologies
7D
5.8%
1Y
20.3%
OSIS
US$278.92
OSI Systems
7D
9.1%
1Y
81.9%

These 4 Measures Indicate That OSI Systems (NASDAQ:OSIS) Is Using Debt Reasonably Well

Dec 30
These 4 Measures Indicate That OSI Systems (NASDAQ:OSIS) Is Using Debt Reasonably Well
COHR
US$178.06
Coherent
7D
-8.4%
1Y
98.1%

COHR: AI Optical Demand Will Drive Capacity Utilization Amid Auto And China Headwinds

The analyst price target for Coherent has been nudged higher, with our fair value estimate rising about 2 percent to approximately $178 per share as analysts factor in the recent wave of target increases tied to stronger than expected earnings, AI driven optical demand, and improving confidence in the company’s capacity expansion. Analyst Commentary Bullish analysts are largely aligned that Coherent is entering a period of stronger execution, with price targets moving higher as earnings outpace expectations and guidance points to sustained demand from AI and cloud customers.