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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies103
  • 7D-0.6%
  • 3M-3.9%
  • 1Y8.1%
  • YTDn/a

Last week, the Electronic Equipment and Instruments industry hasn't moved much but Cognex is up 5.7% in that time. As for the the longer term, the industry is up 8.1% over the past 12 months. 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
Mon, 22 Dec 2025US$159.5bUS$40.3bUS$3.1b29.4x51x4x
Wed, 19 Nov 2025US$147.7bUS$40.1bUS$2.8b27.1x52.6x3.7x
Fri, 17 Oct 2025US$161.5bUS$39.6bUS$2.6b27.5x61x4.1x
Sun, 14 Sep 2025US$160.4bUS$40.0bUS$2.6b28.8x62.7x4x
Tue, 12 Aug 2025US$157.7bUS$39.9bUS$2.7b26.6x58.3x4x
Thu, 10 Jul 2025US$155.9bUS$37.7bUS$3.6b27.8x42.9x4.1x
Sat, 07 Jun 2025US$141.0bUS$37.7bUS$3.6b26.9x39.2x3.7x
Mon, 05 May 2025US$128.4bUS$37.6bUS$3.6b25.2x36x3.4x
Wed, 02 Apr 2025US$130.3bUS$37.2bUS$3.6b24.3x36.6x3.5x
Fri, 28 Feb 2025US$140.9bUS$37.5bUS$3.7b25.3x38.5x3.8x
Sun, 26 Jan 2025US$154.6bUS$37.0bUS$3.3b28.2x46.2x4.2x
Tue, 24 Dec 2024US$144.1bUS$36.9bUS$3.4b25.9x42.2x3.9x
Thu, 21 Nov 2024US$139.8bUS$36.8bUS$3.4b26.8x41x3.8x
Sat, 19 Oct 2024US$137.6bUS$36.5bUS$3.5b30.6x38.9x3.8x
Mon, 16 Sep 2024US$129.2bUS$36.6bUS$3.5b26.5x36.6x3.5x
Wed, 14 Aug 2024US$120.9bUS$36.7bUS$3.5b23.5x34.7x3.3x
Fri, 12 Jul 2024US$128.6bUS$37.7bUS$2.2b25.8x57.9x3.4x
Sun, 09 Jun 2024US$125.2bUS$37.7bUS$2.2b27.6x56.1x3.3x
Tue, 07 May 2024US$129.5bUS$37.9bUS$2.2b27.9x57.7x3.4x
Thu, 04 Apr 2024US$130.2bUS$37.7bUS$2.3b28.1x56.8x3.5x
Sat, 02 Mar 2024US$129.2bUS$37.9bUS$2.2b26.2x57.5x3.4x
Mon, 29 Jan 2024US$131.0bUS$41.7bUS$2.4b25.5x53.5x3.1x
Wed, 27 Dec 2023US$134.8bUS$41.6bUS$2.3b28.4x58.1x3.2x
Fri, 24 Nov 2023US$118.5bUS$41.8bUS$2.4b21.7x49.7x2.8x
Sun, 22 Oct 2023US$113.2bUS$42.0bUS$2.4b19.1x47.4x2.7x
Tue, 19 Sep 2023US$125.5bUS$42.0bUS$2.4b20.4x52.7x3x
Thu, 17 Aug 2023US$130.8bUS$41.9bUS$2.4b23.1x54.7x3.1x
Sat, 15 Jul 2023US$136.4bUS$41.4bUS$2.2b25.2x62.4x3.3x
Mon, 12 Jun 2023US$131.0bUS$41.4bUS$2.2b24.6x60.2x3.2x
Wed, 10 May 2023US$122.1bUS$40.4bUS$2.2b24.4x56.3x3x
Fri, 07 Apr 2023US$124.1bUS$40.3bUS$2.5b25.9x49.6x3.1x
Sun, 05 Mar 2023US$129.1bUS$38.9bUS$2.3b29.7x56.2x3.3x
Tue, 31 Jan 2023US$130.9bUS$38.5bUS$2.3b28.7x57.3x3.4x
Thu, 29 Dec 2022US$114.8bUS$38.4bUS$2.2b26x51.4x3x
Price to Earnings Ratio

51.4x


Total Market Cap: US$114.8bTotal 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 50.6x202320242025
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 50.6x.
  • 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 12% 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 Market0.26%
Tech1.47%
Electronic Equipment and Components0.63%
Electronic Equipment and Instruments-0.64%
Electronic Components2.50%
Technology Distributors-0.16%
Electronic Manufacturing Services-1.12%
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
CGNX CognexUS$36.805.7%
+US$335.1m		1.8%PE56x
TRMB TrimbleUS$80.880.9%
+US$168.9m		13.6%PE53.8x
RAL RalliantUS$52.272.9%
+US$168.1m		n/aPE25.2x
VNT VontierUS$37.861.5%
+US$82.7m		2.8%PE13.5x
EVLV Evolv Technologies HoldingsUS$7.216.7%
+US$78.6m		92.3%PS9.2x

Latest News

RAL
US$52.27
Ralliant
7D
2.9%
1Y
n/a
LASR
US$37.71
nLIGHT
7D
3.3%
1Y
279.4%

LASR: Q4 Outlook Suggests Gradual Improvement With Balanced Long Term Prospects

Analysts have modestly raised their price target on nLIGHT, citing a slightly higher fair value estimate of 41.86 dollars from 41.50 dollars. This change is supported by marginal improvements in projected revenue growth and a lower discount rate, which together imply a somewhat richer long term earnings outlook.
TRMB
US$80.88
Trimble
7D
0.9%
1Y
13.6%
TDY
US$510.01
Teledyne Technologies
7D
-0.8%
1Y
8.5%

TDY: Expanding Defense Backlog Will Support Premium Earnings Multiple Ahead

Analysts have nudged their average price target for Teledyne Technologies slightly higher to the low $620s, supported by better than expected Q3 sales and earnings, a recovering short cycle portfolio, and a steadily building defense backlog that together offset only modest tweaks to long term growth and margin assumptions. Analyst Commentary Analyst reactions to the latest results and outlook for Teledyne highlight a constructive tone overall, with modestly higher price targets reflecting confidence in execution despite some reservations around near term catalysts and cyclical upside.
EVLV
US$7.21
Evolv Technologies Holdings
7D
6.7%
1Y
92.3%
ZBRA
US$251.65
Zebra Technologies
7D
-5.1%
1Y
-35.6%

ZBRA: Tariff Headwinds Will Ease After 2025 Supporting Margin Recovery

Analysts have modestly lowered their average price target on Zebra Technologies, trimming expectations by a few dollars per share to reflect concerns about slowing organic growth and a cautious extrapolation of the latest Q4 guidance into the medium term. Analyst Commentary Recent Street research on Zebra Technologies reflects a mixed but generally constructive stance, with pricing adjustments fine tuning expectations rather than signaling a wholesale change in the underlying thesis.
BMI
US$181.64
Badger Meter
7D
-1.0%
1Y
-16.2%

BMI: Free Cash Flow Strength And Margin Outlook Will Shape Share Performance

Analysts have modestly reduced their fair value estimate for Badger Meter from $195.32 to $172.00 per share. This reflects slightly lower assumptions for revenue growth, profit margins, and future valuation multiples, even as they highlight resilient organic growth, strong free cash flow conversion, and an improved gross margin outlook in recent research updates.
ARLO
US$14.05
Arlo Technologies
7D
4.7%
1Y
23.4%
CXT
US$47.20
Crane NXT
7D
-5.0%
1Y
-16.9%
VNT
US$37.86
Vontier
7D
1.5%
1Y
2.8%

VNT: Future Earnings Power Will Be Driven By Ongoing Share Repurchases

Analysts have nudged their price target on Vontier modestly higher to approximately $46.50 per share, citing slightly lower perceived risk and steady expectations for long term growth and profitability. What's in the News Raised full year 2025 guidance, now expecting total sales of $3,028 million to $3,038 million and core sales growth of 2.0% to 2.5% (company guidance) Confirmed fourth quarter 2025 outlook with expected total sales of $760 million to $770 million and core sales growth between negative 1% and positive 1% (company guidance) Updated share repurchase progress, completing buybacks of 27.2 million shares, or 17.18% of shares outstanding, for a total of $840.78 million as of October 30, 2025 (buyback update) Raised third quarter 2025 sales guidance, indicating sales are anticipated to come in slightly above the midpoint of prior expectations (company guidance) Unveiled a broad slate of technology advancements at the 2025 NACS Show in Chicago, including unified payment platforms, remote management tools such as the Veeder Root Device Management app and PCN5 hardware, and the Konect 400kW EV charger designed to support future mobility (product announcement) Valuation Changes Fair Value Estimate remains unchanged at approximately $46.50 per share, indicating a stable assessment of intrinsic value.
KEYS
US$202.47
Keysight Technologies
7D
-2.4%
1Y
24.4%
AEIS
US$216.09
Advanced Energy Industries
7D
-0.4%
1Y
90.4%

AEIS: Data Center And AI Demand Will Support Balanced Multi Year Outlook

Analysts nudged their average price target on Advanced Energy Industries up slightly to approximately $225 per share, reflecting growing conviction that stronger datacenter demand, improving visibility into 2026 growth, and progress in AI and DRAM-related opportunities can support higher long term earnings power. Analyst Commentary Bullish analysts emphasize that the latest quarter materially exceeded expectations, with management offering a constructive outlook that supports higher confidence in multi year earnings growth.
MIR
US$23.55
Mirion Technologies
7D
-3.2%
1Y
33.8%

MIR: Equity Offering Will Drive Future Upside Despite Lower Margin Assumptions

Analysts have slightly reduced their price target on Mirion Technologies, from approximately $31.00 to $30.75 per share. They cite expectations for somewhat lower profit margins, which are only partly offset by modestly stronger revenue growth and a higher assumed future earnings multiple.
DAKT
US$18.82
Daktronics
7D
-1.5%
1Y
12.8%

DAKT: Leadership Transition Will Drive Higher Margins And Support Bullish Outlook

Analysts have raised their price target on Daktronics from 27.50 dollars to 30.00 dollars, citing slightly faster expected revenue growth, meaningfully higher profit margins, and a lower assumed future price-to-earnings multiple as key drivers of the upward revision. What's in the News Daktronics has appointed Ramesh Jayaraman as Chief Executive Officer, effective February 1, 2026, with plans for him to also join the Board upon approval.
CGNX
US$36.80
Cognex
7D
5.7%
1Y
1.8%
RCAT
US$8.05
Red Cat Holdings
7D
7.6%
1Y
-27.0%