Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies99
  • 7D-0.5%
  • 3M3.6%
  • 1Y9.3%
  • YTDn/a

Last week, the Electronic Equipment and Instruments industry hasn't moved much but Teledyne Technologies is up 5.0% in that time. The past year has been better, since the industry has gained 9.3% in that time. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026US$150.0bUS$36.8bUS$2.9b30.7x50.9x4.1x
Tue, 23 Dec 2025US$159.5bUS$40.3bUS$3.1b30.2x51x4x
Thu, 20 Nov 2025US$147.1bUS$40.1bUS$2.8b26.6x52.4x3.7x
Sat, 18 Oct 2025US$159.8bUS$39.6bUS$2.6b27.4x60.4x4x
Mon, 15 Sep 2025US$160.4bUS$40.0bUS$2.6b28.8x62.7x4x
Wed, 13 Aug 2025US$156.8bUS$39.9bUS$2.7b27.7x57.7x3.9x
Fri, 11 Jul 2025US$156.9bUS$37.7bUS$3.6b27.1x43.2x4.2x
Sun, 08 Jun 2025US$142.7bUS$37.7bUS$3.6b26.9x39.6x3.8x
Tue, 06 May 2025US$128.4bUS$37.6bUS$3.6b24.7x36.1x3.4x
Thu, 03 Apr 2025US$130.5bUS$37.2bUS$3.6b24.8x36.6x3.5x
Sat, 01 Mar 2025US$138.8bUS$37.4bUS$3.6b25.8x38.3x3.7x
Mon, 27 Jan 2025US$154.6bUS$37.0bUS$3.3b28.2x46.2x4.2x
Wed, 25 Dec 2024US$145.8bUS$36.9bUS$3.4b26.2x42.7x4x
Fri, 22 Nov 2024US$142.9bUS$36.8bUS$3.4b27.1x42x3.9x
Sun, 20 Oct 2024US$138.3bUS$36.5bUS$3.5b30.6x39.1x3.8x
Tue, 17 Sep 2024US$129.4bUS$36.6bUS$3.5b26.6x36.7x3.5x
Thu, 15 Aug 2024US$123.9bUS$36.8bUS$3.6b23.5x34.6x3.4x
Sat, 13 Jul 2024US$131.2bUS$37.7bUS$2.2b26.4x59x3.5x
Mon, 10 Jun 2024US$125.2bUS$37.7bUS$2.2b27.6x56.1x3.3x
Wed, 08 May 2024US$130.5bUS$37.9bUS$2.2b27.7x58.2x3.4x
Fri, 05 Apr 2024US$130.4bUS$37.8bUS$2.3b27.8x57.1x3.4x
Sun, 03 Mar 2024US$130.9bUS$37.9bUS$2.2b26.2x58.3x3.4x
Tue, 30 Jan 2024US$131.0bUS$41.7bUS$2.4b26x53.5x3.1x
Thu, 28 Dec 2023US$136.5bUS$41.6bUS$2.3b26.5x60.3x3.3x
Sat, 25 Nov 2023US$119.8bUS$41.6bUS$2.3b22.5x51.8x2.9x
Mon, 23 Oct 2023US$113.2bUS$42.0bUS$2.4b19.2x47.4x2.7x
Wed, 20 Sep 2023US$125.3bUS$42.0bUS$2.4b20.4x52.6x3x
Fri, 18 Aug 2023US$130.8bUS$41.9bUS$2.4b22.9x54.7x3.1x
Sun, 16 Jul 2023US$136.4bUS$41.4bUS$2.2b24.1x62.3x3.3x
Tue, 13 Jun 2023US$132.7bUS$41.4bUS$2.2b24.9x61x3.2x
Thu, 11 May 2023US$123.4bUS$40.4bUS$2.1b25.2x58.3x3.1x
Sat, 08 Apr 2023US$124.1bUS$40.3bUS$2.5b25.9x50x3.1x
Mon, 06 Mar 2023US$129.2bUS$38.9bUS$2.3b29.7x56.2x3.3x
Wed, 01 Feb 2023US$133.5bUS$38.5bUS$2.3b29.2x58.5x3.5x
Price to Earnings Ratio

58.5x


Total Market Cap: US$133.5bTotal Earnings: US$2.3bTotal Revenue: US$38.5bTotal 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 4.1x.
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-0.36%
Tech-0.95%
Electronic Equipment and Components-1.97%
Electronic Equipment and Instruments-0.49%
Electronic Components-1.34%
Technology Distributors-1.54%
Electronic Manufacturing Services-4.56%
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$610.665.0%
+US$1.4b		18.7%PE32x
AEIS Advanced Energy IndustriesUS$262.193.3%
+US$314.4m		109.1%PE67.9x
NOVT NovantaUS$137.892.5%
+US$118.8m		-7.4%PE93.4x
ARBE Arbe RoboticsUS$1.7049.1%
+US$61.5m		-43.1%PS278.3x
MASS 908 DevicesUS$6.8425.0%
+US$49.6m		162.1%PS3.8x

Latest News

TDY
US$610.66
Teledyne Technologies
7D
5.0%
1Y
18.7%
ARLO
US$12.99
Arlo Technologies
7D
-7.8%
1Y
9.7%
MASS
US$6.84
908 Devices
7D
25.0%
1Y
162.1%

908 Devices Inc.'s (NASDAQ:MASS) 29% Price Boost Is Out Of Tune With Revenues

Jan 23
908 Devices Inc.'s (NASDAQ:MASS) 29% Price Boost Is Out Of Tune With Revenues
AEIS
US$262.19
Advanced Energy Industries
7D
3.3%
1Y
109.1%

AI Data Center Demand And New Thailand Capacity Will Eventually Disappoint

Catalysts About Advanced Energy Industries Advanced Energy Industries designs and manufactures precision power conversion, measurement and control solutions for semiconductor, data center, industrial, medical, telecom and networking applications. What are the underlying business or industry changes driving this perspective?
ARBE
US$1.70
Arbe Robotics
7D
49.1%
1Y
-43.1%
MIR
US$25.51
Mirion Technologies
7D
-5.3%
1Y
40.9%

MIR: Reaffirmed 2025 Outlook And Completed Buybacks Will Support Future Upside

Analysts have slightly reduced their price target for Mirion Technologies to reflect modestly lower fair value and profit margin assumptions, while largely maintaining their core outlook on revenue growth and future P/E expectations. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of about 7.0% to 9.0%, with an organic revenue growth range of about 4.5% to 6.0%.
VNT
US$36.87
Vontier
7D
-2.7%
1Y
-4.5%
EVLV
US$6.51
Evolv Technologies Holdings
7D
4.3%
1Y
56.5%

EVLV: ARR Momentum Will Set Up A Breakout Year In 2026

Narrative Update on Evolv Technologies Holdings Analysts have raised their price target on Evolv Technologies Holdings to $10 from $9, citing a recent quarterly performance described as a strong beat and noting expectations that by 2026 annual recurring revenue growth could exceed reported revenue growth. Analyst Commentary The latest price target change to US$10 highlights that some on the Street see upside potential, but even supportive research comes with clear caveats around how the story could play out over the next few years.
NOVT
US$137.89
Novanta
7D
2.5%
1Y
-7.4%

NOVT: Equity Units And Share Repurchases Will Support Balance Sheet And Future Deals

Analysts now keep their price target for Novanta effectively unchanged at about $154.00. They point to steady assumptions around discount rate, revenue growth, profit margin and future P/E as the key drivers of their view.
KEYS
US$212.94
Keysight Technologies
7D
-0.6%
1Y
23.2%
ZBRA
US$240.54
Zebra Technologies
7D
-4.2%
1Y
-42.0%

ZBRA: Industrial Automation Tailwinds Will Support Post 2025 Margin Recovery

Narrative Update Analysts have modestly trimmed their blended price target on Zebra Technologies to about US$339 from roughly US$358, reflecting slightly lower fair value and P/E assumptions, even as they cite mixed signals around growth and margins following recent research updates from firms covering industrial technology and automation end markets. Analyst Commentary Recent research paints a mixed picture on Zebra Technologies, with some analysts lifting targets while others trim expectations following Q3 results and Q4 guidance.
POAS
US$3.61
Phaos Technology Holdings (Cayman)
7D
15.0%
1Y
n/a
CGNX
US$39.76
Cognex
7D
-2.8%
1Y
-1.9%

CGNX: Cost Cuts And Automation Exposure Will Drive Future Share Upside

Analysts have trimmed their average price target for Cognex by about $2 to roughly $54, reflecting updated views on fair value, discount rate, growth, margins and future P/E after recent sector wide adjustments to industrial technology outlooks. Analyst Commentary Recent Street commentary around Cognex centers on small adjustments to fair value assumptions while keeping a generally constructive view on the company and its exposure to industrial technology end markets.
RAL
US$53.73
Ralliant
7D
0.4%
1Y
n/a
AEVA
US$15.79
Aeva Technologies
7D
-18.4%
1Y
266.4%
OSIS
US$274.99
OSI Systems
7D
-5.8%
1Y
37.6%

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.