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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies102
  • 7D-2.7%
  • 3M11.1%
  • 1Y43.6%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 4.4%, driven by Zebra Technologies declining 11%. Meanwhile, Unusual Machines actually outperformed within the industry, gaining 45% in the last week. This takes the industry's 12 month performance to a gain of 45%. 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 Instruments Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026US$163.4bUS$37.6bUS$1.7b31.7x94.8x4.3x
Sun, 08 Feb 2026US$154.7bUS$36.8bUS$1.5b30.2x103.4x4.2x
Tue, 06 Jan 2026US$162.9bUS$40.3bUS$3.1b30.3x51.9x4x
Thu, 04 Dec 2025US$158.4bUS$40.2bUS$3.1b28.4x50.6x3.9x
Sat, 01 Nov 2025US$157.8bUS$39.8bUS$2.6b28.4x61.2x4x
Mon, 29 Sep 2025US$161.3bUS$40.0bUS$2.6b26.6x63.2x4x
Wed, 27 Aug 2025US$158.5bUS$40.0bUS$2.6b26x62.1x4x
Fri, 25 Jul 2025US$160.1bUS$39.5bUS$4.0b25.8x39.9x4.1x
Sun, 22 Jun 2025US$142.3bUS$37.8bUS$3.6b25.5x39x3.8x
Tue, 20 May 2025US$142.2bUS$37.6bUS$3.5b24.6x40.6x3.8x
Thu, 17 Apr 2025US$118.7bUS$37.2bUS$3.5b20.6x33.6x3.2x
Sat, 15 Mar 2025US$128.6bUS$37.3bUS$3.6b23x35.8x3.4x
Mon, 10 Feb 2025US$149.1bUS$37.0bUS$3.4b25.6x44.5x4x
Wed, 08 Jan 2025US$145.4bUS$36.9bUS$3.4b25.8x42.2x3.9x
Fri, 06 Dec 2024US$150.5bUS$36.9bUS$3.4b29x44x4.1x
Sun, 03 Nov 2024US$136.1bUS$37.0bUS$3.8b28.4x36.2x3.7x
Tue, 01 Oct 2024US$135.4bUS$36.6bUS$3.5b26.3x38.4x3.7x
Thu, 29 Aug 2024US$132.2bUS$36.5bUS$3.7b24.1x36.1x3.6x
Sat, 27 Jul 2024US$130.4bUS$36.9bUS$2.2b28.6x60.5x3.5x
Mon, 24 Jun 2024US$126.5bUS$37.7bUS$2.2b24.7x56.5x3.4x
Wed, 22 May 2024US$134.0bUS$37.7bUS$2.2b27.9x59.8x3.6x
Fri, 19 Apr 2024US$123.6bUS$37.9bUS$2.3b26.5x54.6x3.3x
Sun, 17 Mar 2024US$127.7bUS$37.9bUS$2.2b26.6x57.2x3.4x
Tue, 13 Feb 2024US$125.6bUS$38.5bUS$2.3b26.2x53.5x3.3x
Thu, 11 Jan 2024US$131.1bUS$41.6bUS$2.3b25.9x56.4x3.1x
Sat, 09 Dec 2023US$122.8bUS$41.6bUS$2.3b23.8x52.8x3x
Mon, 06 Nov 2023US$114.1bUS$40.8bUS$2.1b19.7x53.9x2.8x
Wed, 04 Oct 2023US$121.3bUS$42.0bUS$2.4b20.6x51x2.9x
Fri, 01 Sep 2023US$130.5bUS$41.9bUS$2.4b23.2x55.4x3.1x
Sun, 30 Jul 2023US$133.9bUS$41.6bUS$2.2b23.4x60.3x3.2x
Tue, 27 Jun 2023US$129.0bUS$41.4bUS$2.2b23.9x58.7x3.1x
Thu, 25 May 2023US$125.6bUS$41.4bUS$2.2b23.6x57.5x3x
Sat, 22 Apr 2023US$123.3bUS$40.3bUS$2.5b24.3x49.5x3.1x
Mon, 20 Mar 2023US$121.6bUS$39.0bUS$2.3b24.9x53.3x3.1x
Price to Earnings Ratio

53.3x


Total Market Cap: US$121.6bTotal Earnings: US$2.3bTotal Revenue: US$39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 51.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic Equipment and Instruments industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 94.0x which is higher than its 3-year average PE of 51.9x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 8.7% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market-2.29%
Tech-0.72%
Electronic Equipment and Components-3.83%
Electronic Equipment and Instruments-2.68%
Electronic Components-3.68%
Electronic Manufacturing Services-4.40%
Technology Distributors-6.50%
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
UMAC Unusual MachinesUS$22.1545.2%
+US$273.7m		291.3%PS74.7x
OUST OusterUS$22.566.5%
+US$86.7m		198.4%PS8.4x
ZEPP Zepp HealthUS$20.599.7%
+US$26.2m		588.6%PS1.3x
OSIS OSI SystemsUS$275.500.5%
+US$24.2m		57.2%PE29.6x
TROO TROOPSUS$2.826.4%
+US$21.5m		154.1%PS23.7x

Latest News

KEYS
US$282.78
Keysight Technologies
7D
-0.6%
1Y
90.9%
AEVA
US$15.30
Aeva Technologies
7D
1.5%
1Y
490.7%
OSIS
US$275.50
OSI Systems
7D
0.5%
1Y
57.2%

OSIS: Order Pacing And Security Wins Will Shape Measured Future Upside

Analysts have slightly raised their blended price target for OSI Systems by a low single-digit amount, supported by recent target increases from several firms that cite steady mid-year progress and updated views on the stock's P/E and risk profile. Analyst Commentary Recent research comments cluster around modestly higher targets and updated views on OSI Systems' P/E and risk profile, with analysts weighing solid mid-year execution against a softer order backdrop in the most recent quarter.
CODA
US$14.50
Coda Octopus Group
7D
3.7%
1Y
119.0%

CODA: Higher Price Assumptions Will Likely Expose Overvaluation Risk

Analysts have raised their price target on Coda Octopus Group by $3, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key factors supporting the change. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as better aligned with their updated fair value work, which reflects revised assumptions on revenue and profitability over their forecast period.
TDY
US$646.57
Teledyne Technologies
7D
-1.3%
1Y
34.4%

TDY: Space And Defense Programs Will Support Balanced Medium Term Premium Multiple

Analysts have nudged their Teledyne Technologies fair value estimate higher from about $686.15 to around $699.62, reflecting updated price targets after Q4 results, updated 2026 and 2027 assumptions, and model revisions following the latest annual filing reviews. Analyst Commentary Recent Street research on Teledyne Technologies has centered on updated models after Q4 results, new 2026 guidance, and refreshed long term assumptions out to 2027.
UMAC
US$22.15
Unusual Machines
7D
45.2%
1Y
291.3%
LASR
US$62.77
nLIGHT
7D
0.3%
1Y
612.5%
ZEPP
US$20.59
Zepp Health
7D
9.7%
1Y
588.6%
OUST
US$22.56
Ouster
7D
6.5%
1Y
198.4%
MIR
US$20.04
Mirion Technologies
7D
-6.0%
1Y
42.1%

MIR: 2026 Guidance And Margin Assumptions Will Support Constructive Long Term Upside Potential

Analysts have made a modest adjustment to their price target for Mirion Technologies, keeping fair value at $29.30 while slightly refining inputs such as the discount rate, revenue growth and profit margin expectations to reflect updated assumptions. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a time frame for management's current planning assumptions (Key Developments).
NOVT
US$119.54
Novanta
7D
-12.5%
1Y
-11.1%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their fair value estimate for Novanta to $160 from $154, supported by updated models that reflect expectations for accelerating sales and margins following recent Q4 results and a higher Street price target of $150 from $138. Analyst Commentary Recent commentary points to a more constructive view on Novanta following its Q4 results, with updated models feeding into a higher fair value framework and a Street price target of $150.
VNT
US$36.21
Vontier
7D
-8.5%
1Y
12.8%

VNT: Future Earnings Power Will Rely On EV Charging And Share Repurchases

Analysts have nudged their Vontier price target slightly higher to $49.00. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that modestly refine their outlook on the shares.
ZBRA
US$204.05
Zebra Technologies
7D
-7.1%
1Y
-26.9%

ZBRA: Industrial Automation And AI Adoption Will Support Post 2025 Margin Recovery

The updated analyst price target for Zebra Technologies moves slightly lower to $336, as analysts balance modest tweaks to growth, margin and P/E assumptions with mixed recent Street targets that range from $323 to $368. Analyst Commentary Recent research on Zebra Technologies presents a split picture, with some firms lifting price targets and others trimming them.
CGNX
US$48.77
Cognex
7D
-4.8%
1Y
61.2%

CGNX: Margin Execution And Demand Stability Will Shape Fairly Valued Outlook

The analyst fair value estimate for Cognex has been raised from $36.62 to $52.00, reflecting higher Street price targets in the $55 to $75 range and analyst expectations for improved margins, cost control, and a more stable demand backdrop across key segments. Analyst Commentary Recent Street research on Cognex clusters around higher price targets and a more constructive stance on margins, cost controls, and demand stability, but the tone is not uniformly bullish.
RAL
US$42.95
Ralliant
7D
-7.4%
1Y
n/a
TROO
US$2.82
TROOPS
7D
6.4%
1Y
154.1%