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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies99
  • 7D3.1%
  • 3M6.5%
  • 1Y14.4%
  • YTDn/a

The Electronic Equipment and Instruments industry is up 4.4% in the last week, with Advanced Energy Industries up 22%. Meanwhile, Evolv Technologies Holdings actually underperformed within the industry, shrinking 11% in the last week. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026US$151.1bUS$36.7bUS$2.9b31.8x52.6x4.1x
Mon, 15 Dec 2025US$161.6bUS$40.3bUS$3.1b29.3x51.7x4x
Wed, 12 Nov 2025US$157.2bUS$40.1bUS$2.8b29x55.1x3.9x
Fri, 10 Oct 2025US$162.9bUS$39.6bUS$2.6b27.9x61.5x4.1x
Sun, 07 Sep 2025US$158.3bUS$40.0bUS$2.5b26.2x62.3x4x
Tue, 05 Aug 2025US$154.9bUS$39.6bUS$3.9b25.4x39.5x3.9x
Thu, 03 Jul 2025US$154.1bUS$37.7bUS$3.6b27.1x42.6x4.1x
Sat, 31 May 2025US$139.8bUS$37.7bUS$3.6b26x38.9x3.7x
Mon, 28 Apr 2025US$124.2bUS$37.3bUS$3.6b22.4x34.9x3.3x
Wed, 26 Mar 2025US$137.4bUS$37.3bUS$3.6b25.5x38.1x3.7x
Fri, 21 Feb 2025US$148.7bUS$37.4bUS$3.6b27.6x41.1x4x
Sun, 19 Jan 2025US$148.1bUS$36.8bUS$3.5b25.8x42.7x4x
Tue, 17 Dec 2024US$147.7bUS$36.9bUS$3.4b27.2x43.2x4x
Thu, 14 Nov 2024US$145.9bUS$36.9bUS$3.7b26.9x39.4x4x
Sat, 12 Oct 2024US$135.8bUS$36.5bUS$3.5b29.3x38.6x3.7x
Mon, 09 Sep 2024US$124.1bUS$36.6bUS$3.5b24.4x35.2x3.4x
Wed, 07 Aug 2024US$118.4bUS$36.8bUS$2.1b25.2x56.1x3.2x
Fri, 05 Jul 2024US$126.8bUS$37.7bUS$2.2b25.4x57.1x3.4x
Sun, 02 Jun 2024US$128.4bUS$37.7bUS$2.2b27.2x57.3x3.4x
Tue, 30 Apr 2024US$126.8bUS$38.0bUS$2.3b27.6x56.3x3.3x
Thu, 28 Mar 2024US$132.4bUS$37.9bUS$2.2b27.1x59.2x3.5x
Sat, 24 Feb 2024US$126.9bUS$37.8bUS$2.2b26.2x57.9x3.4x
Mon, 22 Jan 2024US$131.1bUS$41.6bUS$2.3b25.7x56.4x3.2x
Wed, 20 Dec 2023US$134.1bUS$41.6bUS$2.3b26x57.6x3.2x
Fri, 17 Nov 2023US$117.2bUS$41.8bUS$2.4b21.1x49.2x2.8x
Sun, 15 Oct 2023US$117.0bUS$42.0bUS$2.4b20x49.2x2.8x
Tue, 12 Sep 2023US$125.1bUS$42.0bUS$2.4b20.5x52.7x3x
Thu, 10 Aug 2023US$131.2bUS$41.8bUS$2.5b23.5x52.1x3.1x
Sat, 08 Jul 2023US$132.8bUS$41.4bUS$2.2b23.8x61.5x3.2x
Mon, 05 Jun 2023US$131.2bUS$41.3bUS$2.2b24.7x60.1x3.2x
Wed, 03 May 2023US$119.2bUS$40.4bUS$2.4b24.7x49.6x2.9x
Fri, 31 Mar 2023US$126.8bUS$40.2bUS$2.5b26x50.5x3.2x
Sun, 26 Feb 2023US$125.5bUS$38.9bUS$2.3b28.4x55.5x3.2x
Tue, 24 Jan 2023US$132.0bUS$38.4bUS$2.2b29x59.4x3.4x
Price to Earnings Ratio

59.4x


Total Market Cap: US$132.0bTotal Earnings: US$2.2bTotal Revenue: US$38.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Electronic Equipment and Instruments 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 50.5x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have grown 8.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Electronic Equipment and Instruments compare with similar industries?

US Market-0.34%
Tech-0.71%
Electronic Equipment and Components7.17%
Electronic Equipment and Instruments3.07%
Electronic Components9.67%
Electronic Manufacturing Services8.59%
Technology Distributors0.24%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TDY Teledyne TechnologiesUS$581.726.0%
+US$1.5b		22.8%PE33.4x
AEIS Advanced Energy IndustriesUS$253.8615.6%
+US$1.3b		109.5%PE65.7x
KEYS Keysight TechnologiesUS$214.203.3%
+US$1.2b		29.3%PE42.4x
CGNX CognexUS$40.924.9%
+US$320.0m		3.0%PE62.3x
OSIS OSI SystemsUS$291.994.7%
+US$221.9m		75.3%PE32.6x

Latest News

AEIS
US$253.86
Advanced Energy Industries
7D
15.6%
1Y
109.5%
KEYS
US$214.20
Keysight Technologies
7D
3.3%
1Y
29.3%
CGNX
US$40.92
Cognex
7D
4.9%
1Y
3.0%
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%
LASR
US$43.94
nLIGHT
7D
9.8%
1Y
295.9%
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%
OSIS
US$291.99
OSI Systems
7D
4.7%
1Y
75.3%

OSIS: Border Security Demand And New Defense Orders Will Shape Future Upside

Analysts have lifted their price expectations for OSI Systems, with recent Street targets moving from a prior range around $242 to as high as $315 per share. They cite steady earnings views, higher outyear estimates and ongoing interest in the company as a play on increased U.S. border security spending.
MIR
US$26.93
Mirion Technologies
7D
3.7%
1Y
62.7%

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.
ZEPP
US$23.02
Zepp Health
7D
-13.0%
1Y
662.3%

Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues

Jan 08
Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues
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.
UMAC
US$18.51
Unusual Machines
7D
30.6%
1Y
42.9%

UMAC: Pentagon Award And Facility Expansion Will Support Stronger Long-Term Performance

Analysts have nudged their price target on Unusual Machines higher to reflect a fair value of $25.00, citing only small adjustments to inputs such as discount rate, revenue growth, profit margin and assumed future P/E that modestly refine their outlook. What's in the News Unusual Machines secured its biggest-ever contract from the U.S. Department of Defense to make 3,500 drone motors and other drone parts, with the army indicating plans to order an additional 20,000 components in 2026 (Financial Times).