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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies101
  • 7D-1.8%
  • 3M9.6%
  • 1Y36.4%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 1.8%, driven by a pullback from Teledyne Technologies of 3.7%. Over the past 12 months, the industry was up 36%. 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
Sat, 28 Mar 2026US$156.9bUS$37.7bUS$1.6b30x95.8x4.2x
Mon, 23 Feb 2026US$162.0bUS$37.2bUS$1.5b32.8x111.3x4.4x
Wed, 21 Jan 2026US$150.8bUS$36.7bUS$2.9b30.6x52.5x4.1x
Fri, 19 Dec 2025US$156.2bUS$40.3bUS$3.1b29x50x3.9x
Sun, 16 Nov 2025US$151.0bUS$40.1bUS$2.8b27.5x53.8x3.8x
Tue, 14 Oct 2025US$153.4bUS$39.6bUS$2.6b27x58x3.9x
Thu, 11 Sep 2025US$158.7bUS$40.0bUS$2.5b26.2x62.5x4x
Sat, 09 Aug 2025US$156.0bUS$39.8bUS$2.7b26.8x58.1x3.9x
Mon, 07 Jul 2025US$157.0bUS$37.7bUS$3.6b27.1x43.2x4.2x
Wed, 04 Jun 2025US$138.8bUS$37.7bUS$3.6b26.2x38.6x3.7x
Fri, 02 May 2025US$124.3bUS$37.5bUS$3.6b24.7x34.5x3.3x
Sun, 30 Mar 2025US$130.3bUS$37.2bUS$3.6b24.2x36.7x3.5x
Tue, 25 Feb 2025US$142.1bUS$37.5bUS$3.6b25.1x39.3x3.8x
Thu, 23 Jan 2025US$152.0bUS$36.8bUS$3.5b27.1x43.8x4.1x
Sat, 21 Dec 2024US$142.4bUS$36.9bUS$3.4b26.3x41.7x3.9x
Mon, 18 Nov 2024US$139.7bUS$36.9bUS$3.7b26.1x37.6x3.8x
Wed, 16 Oct 2024US$137.4bUS$36.5bUS$3.5b30.5x39x3.8x
Fri, 13 Sep 2024US$126.8bUS$36.6bUS$3.5b25.8x36x3.5x
Sun, 11 Aug 2024US$121.1bUS$36.7bUS$3.5b23.7x34.9x3.3x
Tue, 09 Jul 2024US$126.5bUS$37.7bUS$2.2b26.8x56.9x3.4x
Thu, 06 Jun 2024US$125.2bUS$37.7bUS$2.2b27.6x55.9x3.3x
Sat, 04 May 2024US$128.2bUS$37.9bUS$2.2b27.9x57.2x3.4x
Mon, 01 Apr 2024US$133.4bUS$37.9bUS$2.2b27.4x59.4x3.5x
Wed, 28 Feb 2024US$128.0bUS$37.9bUS$2.2b26.2x58x3.4x
Fri, 26 Jan 2024US$131.0bUS$41.7bUS$2.4b25.5x53.6x3.1x
Sun, 24 Dec 2023US$134.7bUS$41.6bUS$2.3b26.1x57.8x3.2x
Tue, 21 Nov 2023US$118.2bUS$41.8bUS$2.4b21.6x49.6x2.8x
Thu, 19 Oct 2023US$116.3bUS$42.0bUS$2.4b19.8x48.9x2.8x
Sat, 16 Sep 2023US$123.9bUS$42.0bUS$2.4b20.5x52.2x3x
Mon, 14 Aug 2023US$132.1bUS$41.9bUS$2.4b23.4x55.1x3.2x
Wed, 12 Jul 2023US$136.6bUS$41.4bUS$2.2b24.4x63.3x3.3x
Fri, 09 Jun 2023US$132.2bUS$41.4bUS$2.2b24.6x60.8x3.2x
Sun, 07 May 2023US$122.8bUS$40.4bUS$2.2b24.6x57x3x
Tue, 04 Apr 2023US$128.7bUS$40.3bUS$2.5b26.6x51.3x3.2x
Price to Earnings Ratio

51.3x


Total Market Cap: US$128.7bTotal Earnings: US$2.5bTotal Revenue: US$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 52.5x202420252026
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 95.8x which is higher than its 3-year average PE of 52.5x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

US Market-1.92%
Tech-3.49%
Electronic Equipment and Components1.32%
Electronic Equipment and Instruments-1.81%
Electronic Manufacturing Services4.19%
Electronic Components1.61%
Technology Distributors0.48%
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$279.060.6%
+US$262.4m		85.6%PE48.8x
CXT Crane NXTUS$41.151.9%
+US$44.8m		-19.8%PE16.3x
FEIM Frequency ElectronicsUS$43.437.6%
+US$30.0m		179.7%PE59.4x
EVLV Evolv Technologies HoldingsUS$5.752.9%
+US$28.7m		90.4%PS7.1x
AIOT PowerFleetUS$2.914.3%
+US$16.0m		-47.9%PS0.9x

Latest News

OUST
US$17.66
Ouster
7D
-11.9%
1Y
85.1%
AEIS
US$310.76
Advanced Energy Industries
7D
-2.0%
1Y
227.8%

AEIS: AI Wafer Fab And Broader Industrial Demand Will Shape Balanced Outlook

Analysts have nudged the fair value estimate for Advanced Energy Industries higher from $331.11 to $337.22, reflecting a series of raised price targets tied to stronger expectations around AI driven wafer fab equipment demand and a broadening set of end markets including data centers, aerospace and defense, non residential construction, automation, and global infrastructure. Analyst Commentary Recent Street research on Advanced Energy Industries has centered on higher price targets and upgrades that cluster around a common theme: stronger expectations for wafer fab equipment demand tied to AI and a broader mix of end markets.
VPG
US$41.55
Vishay Precision Group
7D
2.2%
1Y
72.5%

VPG: Higher Future P E Assumptions Will Support Upside Potential

Analysts have raised their price target on Vishay Precision Group by a combined $28, citing updated views on the company’s fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent target changes suggest analysts are revisiting their assumptions on Vishay Precision Group’s fair value as they reassess discount rates, revenue expectations, profit margins, and the P/E multiple they apply to the stock.
ITRI
US$85.60
Itron
7D
-6.2%
1Y
-17.5%

ITRI: Grid Modernization Cycle Will Support Long Duration Metering Replacement Cash Flows

Analysts trimmed the Itron price target by a small amount to $136.80 from $136.80, reflecting a balance between fresh Buy and Outperform ratings that highlight Itron's role in smart metering and grid modernization and more cautious views that have recently lowered estimates. Analyst Commentary Recent research coverage presents a mixed but generally constructive view of Itron, with several firms highlighting long-term opportunities in smart metering and grid modernization while others flag execution risk and valuation sensitivity around expectations.
KEYS
US$279.06
Keysight Technologies
7D
0.6%
1Y
85.6%

KEYS: Future Returns Will Depend On Durable AI And Wireline Order Strength

Analysts have raised the Keysight Technologies fair value estimate by about $3 to $301.54 as they factor in higher target P/E multiples, supported by recent research citing stronger orders, broadening demand beyond AI, and updated earnings frameworks following fiscal Q1 results. Analyst Commentary Street research on Keysight Technologies has shifted meaningfully, with a cluster of higher price targets and ratings changes following fiscal Q1.
TDY
US$593.31
Teledyne Technologies
7D
-3.7%
1Y
19.7%

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

Analysts have nudged the fair value estimate for Teledyne Technologies slightly higher, supported by a series of recent price target increases across the Street that now range from around $579 to $770, as they factor in a short cycle recovery, Q4 results, updated long term guidance, and fresh analysis of the company's annual filing. Analyst Commentary Recent Street research on Teledyne clusters around a wide price target range, while keeping ratings largely in the middle of the road.
UMAC
US$11.78
Unusual Machines
7D
-20.8%
1Y
76.3%
SMX
US$8.12
SMX (Security Matters)
7D
5.5%
1Y
-99.9%
MIR
US$17.89
Mirion Technologies
7D
-3.0%
1Y
22.3%

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

Analysts have trimmed their price target for Mirion Technologies by $0.50 to $28.80, reflecting a slightly higher discount and modestly adjusted fair value and future P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Mirion Technologies reported that between October 1, 2025 and December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program.
RAL
US$39.92
Ralliant
7D
-2.2%
1Y
n/a
EVLV
US$5.75
Evolv Technologies Holdings
7D
2.9%
1Y
90.4%

EVLV: Expanded Stadium And Hospital Contracts Will Support Multi Year Upside

Analysts have nudged their price target for Evolv Technologies Holdings up from $10.00 to $10.50. They point to updated assumptions around slightly higher revenue growth, a marginally lower discount rate, and a modestly lower future P/E as key drivers of the change.
INVE
US$3.67
Identiv
7D
16.9%
1Y
16.1%
CGNX
US$47.59
Cognex
7D
-3.4%
1Y
58.6%

CGNX: Margin Execution And Buybacks Will Support Premium Multiple In Industrial Recovery

Cognex's analyst fair value estimate has been revised higher from $60.55 to $65.50. Analysts highlight improving short cycle industrial demand, faster margin progress, cost reduction efforts, and a broader customer base, which support higher revenue growth assumptions and a richer future P/E of 44.37x versus 41.32x previously.
AIOT
US$2.91
PowerFleet
7D
4.3%
1Y
-47.9%

AIOT: 2026 Top Pick Status And New Wins Will Drive Reassessment

Narrative Update on PowerFleet The analyst price target for PowerFleet has been reiterated at $10. Analysts point to its selection as a 2026 Top Pick and its inclusion in multiple best ideas lists, supported by views that recent new logo wins, AI Video traction, cross selling, and telco channel expansion can continue to underpin the current valuation framework.
CXT
US$41.15
Crane NXT
7D
1.9%
1Y
-19.8%
FEIM
US$43.43
Frequency Electronics
7D
7.6%
1Y
179.7%

Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding

Feb 13
Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding