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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies101
  • 7D2.9%
  • 3M0.4%
  • 1Y7.6%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 2.9%, driven by gains from Keysight Technologies of 3.4%. In the last 12 months, the industry was up 7.6%. 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
Thu, 25 Dec 2025US$161.9bUS$40.3bUS$3.1b30x51.8x4x
Sat, 22 Nov 2025US$142.8bUS$40.1bUS$2.8b27.3x50.9x3.6x
Mon, 20 Oct 2025US$158.8bUS$39.6bUS$2.6b27.4x60x4x
Wed, 17 Sep 2025US$161.4bUS$40.0bUS$2.6b26.8x63.1x4x
Fri, 15 Aug 2025US$163.8bUS$39.8bUS$2.7b24.9x61.7x4.1x
Sun, 13 Jul 2025US$157.0bUS$37.7bUS$3.6b25.9x43.2x4.2x
Tue, 10 Jun 2025US$142.7bUS$37.7bUS$3.6b27x39.6x3.8x
Thu, 08 May 2025US$126.8bUS$37.6bUS$3.5b25x35.9x3.4x
Sat, 05 Apr 2025US$119.6bUS$37.2bUS$3.6b19.9x33.6x3.2x
Mon, 03 Mar 2025US$141.1bUS$37.4bUS$3.6b25.8x38.9x3.8x
Wed, 29 Jan 2025US$150.1bUS$37.0bUS$3.3b27.6x44.8x4.1x
Fri, 27 Dec 2024US$145.8bUS$36.9bUS$3.4b26.3x42.7x4x
Sun, 24 Nov 2024US$147.9bUS$36.8bUS$3.4b28.5x43.5x4x
Tue, 22 Oct 2024US$138.3bUS$36.5bUS$3.5b30.3x39.1x3.8x
Thu, 19 Sep 2024US$130.9bUS$36.6bUS$3.5b25.5x37.1x3.6x
Sat, 17 Aug 2024US$126.7bUS$36.7bUS$3.6b22.7x35.7x3.5x
Mon, 15 Jul 2024US$132.3bUS$37.7bUS$2.2b27x59.6x3.5x
Wed, 12 Jun 2024US$125.7bUS$37.7bUS$2.2b27.7x56.2x3.3x
Fri, 10 May 2024US$130.4bUS$37.9bUS$2.2b27.9x58.2x3.4x
Sun, 07 Apr 2024US$130.2bUS$37.8bUS$2.3b28x57x3.4x
Tue, 05 Mar 2024US$131.3bUS$37.9bUS$2.2b26.2x58.5x3.5x
Thu, 01 Feb 2024US$132.4bUS$41.7bUS$2.4b25.4x54.1x3.2x
Sat, 30 Dec 2023US$136.6bUS$41.6bUS$2.3b26.5x58.9x3.3x
Mon, 27 Nov 2023US$119.8bUS$41.6bUS$2.3b22.5x51.8x2.9x
Wed, 25 Oct 2023US$112.5bUS$42.0bUS$2.4b18.9x47.1x2.7x
Fri, 22 Sep 2023US$121.3bUS$42.0bUS$2.4b19.3x51x2.9x
Sun, 20 Aug 2023US$126.3bUS$41.9bUS$2.3b22.4x53.9x3x
Tue, 18 Jul 2023US$136.4bUS$41.4bUS$2.2b24.4x62.3x3.3x
Thu, 15 Jun 2023US$132.5bUS$41.4bUS$2.2b24.8x60.8x3.2x
Sat, 13 May 2023US$122.8bUS$40.5bUS$2.0b24.2x62.7x3x
Mon, 10 Apr 2023US$124.1bUS$40.3bUS$2.5b25.9x50x3.1x
Wed, 08 Mar 2023US$125.9bUS$38.9bUS$2.3b28.1x54.7x3.2x
Fri, 03 Feb 2023US$139.2bUS$38.5bUS$2.3b29.6x61x3.6x
Sun, 01 Jan 2023US$118.4bUS$38.4bUS$2.2b26.6x53x3.1x
Price to Earnings Ratio

53x


Total Market Cap: US$118.4bTotal 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 Market3.10%
Tech5.09%
Electronic Equipment and Components5.46%
Electronic Equipment and Instruments2.90%
Electronic Components7.88%
Electronic Manufacturing Services5.79%
Technology Distributors-0.24%
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
KEYS Keysight TechnologiesUS$205.333.4%
+US$1.2b		25.3%PE40.6x
TDY Teledyne TechnologiesUS$520.403.5%
+US$825.4m		9.6%PE29.9x
AEIS Advanced Energy IndustriesUS$217.236.2%
+US$480.9m		87.0%PE56.2x
TRMB TrimbleUS$80.011.4%
+US$266.5m		11.3%PE53.2x
RCAT Red Cat HoldingsUS$9.0931.9%
+US$262.6m		-23.5%PS145.8x

Latest News

MIR
US$23.97
Mirion Technologies
7D
4.3%
1Y
33.8%

Here's Why Mirion Technologies (NYSE:MIR) Can Manage Its Debt Responsibly

Dec 24
Here's Why Mirion Technologies (NYSE:MIR) Can Manage Its Debt Responsibly
INVZ
US$0.97
Innoviz Technologies
7D
-15.0%
1Y
-41.9%
TDY
US$520.40
Teledyne Technologies
7D
3.5%
1Y
9.6%
TRMB
US$80.01
Trimble
7D
1.4%
1Y
11.3%
NSSC
US$41.94
Napco Security Technologies
7D
-2.5%
1Y
16.2%

NSSC: Accelerating Equipment Sales Should Sustain Outperformance Into Fiscal 2026

Analysts have modestly raised their price target on Napco Security Technologies to $50.00, citing the company’s repeated quarterly beats, accelerating equipment sales growth, and an increasingly favorable setup into FY26 as key drivers of renewed near term and long term conviction. Analyst Commentary Bullish Takeaways Bullish analysts highlight the third consecutive quarterly beat as evidence that Napco is executing well against expectations, supporting a higher valuation multiple.
RAL
US$51.65
Ralliant
7D
3.5%
1Y
n/a
LASR
US$39.32
nLIGHT
7D
13.4%
1Y
292.4%

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.
EVLV
US$6.66
Evolv Technologies Holdings
7D
-4.3%
1Y
70.3%
ZBRA
US$245.90
Zebra Technologies
7D
-3.3%
1Y
-37.8%

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.
KEYS
US$205.33
Keysight Technologies
7D
3.4%
1Y
25.3%
AEIS
US$217.23
Advanced Energy Industries
7D
6.2%
1Y
87.0%

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.
DAKT
US$18.52
Daktronics
7D
-2.6%
1Y
7.1%

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.
SMRT
US$2.01
SmartRent
7D
-3.4%
1Y
26.4%

SMRT: Future Returns Will Likely Disappoint Despite Stable Long-Term Assumptions

Analysts have modestly raised their price target on SmartRent to reflect a slightly higher discount rate, along with stable long term growth and margin assumptions, now valuing the shares at approximately 1.73 dollars per share. What's in the News The board approves and adopts amended and restated company bylaws, effective November 13, 2025 (company filing).
AMCI
US$9.35
AMC Robotics
7D
-8.6%
1Y
-17.6%
RCAT
US$9.09
Red Cat Holdings
7D
31.9%
1Y
-23.5%
FCUV
US$1.40
Focus Universal
7D
-60.0%
1Y
-47.0%