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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies103
  • 7D-0.8%
  • 3M-3.1%
  • 1Y7.7%
  • YTDn/a

Last week, the Electronic Equipment and Instruments industry hasn't moved much but TROOPS is up 84% in that time. The past year has been better, since the industry has gained 7.7% in that time. As for the next few years, earnings are expected to grow by 23% 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
Sat, 03 Jan 2026US$157.9bUS$40.3bUS$3.1b29.1x50.3x3.9x
Mon, 01 Dec 2025US$157.7bUS$40.2bUS$3.1b28.7x50.4x3.9x
Wed, 29 Oct 2025US$163.6bUS$39.7bUS$2.6b26.8x62.7x4.1x
Fri, 26 Sep 2025US$161.6bUS$40.0bUS$2.6b26.9x63.2x4x
Sun, 24 Aug 2025US$160.7bUS$40.0bUS$2.5b24.9x63.4x4x
Tue, 22 Jul 2025US$160.0bUS$37.4bUS$3.6b25.6x44x4.3x
Thu, 19 Jun 2025US$142.1bUS$37.8bUS$3.6b25.9x39x3.8x
Sat, 17 May 2025US$141.0bUS$37.6bUS$3.5b27.7x40.3x3.8x
Mon, 14 Apr 2025US$117.0bUS$37.2bUS$3.5b20.6x33.1x3.1x
Wed, 12 Mar 2025US$131.3bUS$37.3bUS$3.6b22.5x36.8x3.5x
Fri, 07 Feb 2025US$152.0bUS$37.0bUS$3.4b25.9x45.3x4.1x
Sun, 05 Jan 2025US$144.6bUS$36.9bUS$3.4b26.3x42x3.9x
Tue, 03 Dec 2024US$149.5bUS$36.8bUS$3.4b29x44x4.1x
Thu, 31 Oct 2024US$137.2bUS$37.0bUS$3.8b28.8x36.5x3.7x
Sat, 28 Sep 2024US$135.0bUS$36.6bUS$3.5b26.7x38.3x3.7x
Mon, 26 Aug 2024US$133.2bUS$36.5bUS$3.7b23.3x36.4x3.6x
Wed, 24 Jul 2024US$133.5bUS$37.7bUS$2.2b27.4x59.8x3.5x
Fri, 21 Jun 2024US$125.9bUS$37.7bUS$2.2b24.7x56.2x3.3x
Sun, 19 May 2024US$132.7bUS$37.9bUS$2.4b28.3x55.3x3.5x
Tue, 16 Apr 2024US$127.4bUS$37.9bUS$2.3b27.2x56.3x3.4x
Thu, 14 Mar 2024US$129.6bUS$37.9bUS$2.2b26.8x58.1x3.4x
Sat, 10 Feb 2024US$125.2bUS$38.5bUS$2.3b25.5x53.3x3.3x
Mon, 08 Jan 2024US$129.8bUS$41.6bUS$2.3b25.4x55.8x3.1x
Wed, 06 Dec 2023US$123.1bUS$41.6bUS$2.3b22.8x52.9x3x
Fri, 03 Nov 2023US$108.7bUS$40.8bUS$2.1b19.4x51.3x2.7x
Sun, 01 Oct 2023US$122.5bUS$42.0bUS$2.4b19.7x51.5x2.9x
Tue, 29 Aug 2023US$126.9bUS$41.9bUS$2.4b22.4x53.8x3x
Thu, 27 Jul 2023US$135.3bUS$41.5bUS$2.2b23.7x61.3x3.3x
Sat, 24 Jun 2023US$128.1bUS$41.4bUS$2.2b23.7x58.8x3.1x
Mon, 22 May 2023US$128.8bUS$41.4bUS$2.2b23.4x59.7x3.1x
Wed, 19 Apr 2023US$124.9bUS$40.3bUS$2.5b26x50.4x3.1x
Fri, 17 Mar 2023US$123.1bUS$39.0bUS$2.3b26.9x54x3.2x
Sun, 12 Feb 2023US$134.6bUS$40.2bUS$2.3b28.7x57.6x3.3x
Tue, 10 Jan 2023US$123.2bUS$38.4bUS$2.2b27.5x55.4x3.2x
Price to Earnings Ratio

55.4x


Total Market Cap: US$123.2bTotal 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 50.6x202420252026
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 3.9x.
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 Market-1.05%
Tech-1.59%
Electronic Equipment and Components0.33%
Electronic Equipment and Instruments-0.85%
Electronic Components1.40%
Electronic Manufacturing Services0.59%
Technology Distributors-2.57%
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
TROO TROOPSUS$3.5583.9%
+US$205.0m		97.2%PS29.8x
AEIS Advanced Energy IndustriesUS$221.991.9%
+US$155.9m		87.2%PE57.5x
LPTH LightPath TechnologiesUS$11.7229.9%
+US$143.9m		183.1%PS14.2x
ZBRA Zebra TechnologiesUS$248.300.8%
+US$102.8m		-36.6%PE24.6x
RCAT Red Cat HoldingsUS$9.1610.4%
+US$102.7m		-30.6%PS146.9x

Latest News

ARLO
US$13.23
Arlo Technologies
7D
-6.6%
1Y
19.1%
TDY
US$518.77
Teledyne Technologies
7D
0.3%
1Y
12.8%
SMX
US$20.65
SMX (Security Matters)
7D
-82.3%
1Y
-99.9%
RCAT
US$9.16
Red Cat Holdings
7D
10.4%
1Y
-30.6%
OSIS
US$255.58
OSI Systems
7D
-5.3%
1Y
53.2%

These 4 Measures Indicate That OSI Systems (NASDAQ:OSIS) Is Using Debt Reasonably Well

Dec 30
These 4 Measures Indicate That OSI Systems (NASDAQ:OSIS) Is Using Debt Reasonably Well
KEYS
US$206.59
Keysight Technologies
7D
0.3%
1Y
26.1%
LPTH
US$11.72
LightPath Technologies
7D
29.9%
1Y
183.1%

LPTH: Record Backlog And Major Orders Will Drive Stronger Earnings Power

Analysts have raised their price target on LightPath Technologies to $11 from $7, citing faster projected revenue growth, expanding margins and a robust, potentially transformational backlog that supports stronger long term earnings power. Analyst Commentary Bullish analysts are coalescing around a higher valuation framework for LightPath Technologies, pointing to accelerating demand trends, a swelling backlog and evidence that the company is successfully moving up the value chain into higher margin systems and solutions.
NOVT
US$111.14
Novanta
7D
-9.4%
1Y
-26.9%

NOVT: New Equity Raise Will Strengthen Balance Sheet And Support Future Deals

Analysts have maintained their price target for Novanta at approximately $154 per share. This reflects a steady outlook, as incremental adjustments to discount rate assumptions and long term growth and profitability estimates are viewed as too minor to warrant a change in fair value.
TRMB
US$78.33
Trimble
7D
-2.3%
1Y
11.0%
OUST
US$23.37
Ouster
7D
6.4%
1Y
59.6%

OUST: Defense Certification Will Support Durable Competitive Moat And Upside Potential

Analysts have raised their price target on Ouster to $33 from $30, citing the company's Q3 revenue beat and the view that recent Department of Defense certification creates a durable competitive moat. Analyst Commentary While the latest rating change reflects increased confidence in Ouster's long term positioning, some bearish analysts remain cautious on the sustainability of recent momentum and the implications for valuation.
ZBRA
US$248.30
Zebra Technologies
7D
0.8%
1Y
-36.6%

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.
FEIM
US$50.55
Frequency Electronics
7D
-10.2%
1Y
173.7%

Frequency Electronics, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Dec 18
Frequency Electronics, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
BMI
US$176.39
Badger Meter
7D
-2.4%
1Y
-17.3%

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.
ITRI
US$94.47
Itron
7D
-2.1%
1Y
-14.3%

ITRI: Accelerated Utility Capex Will Drive Long-Term Utility IoT Demand

Analysts have modestly raised their blended price target on Itron by a net amount of less than $1, as they balance dilution from recent deals against expectations for accelerated utility capex, re-accelerating sales next year, and durable long term cash flow visibility. Analyst Commentary Street commentary on Itron reflects a generally constructive stance on the long term growth and earnings algorithm, even as some valuation adjustments factor in near term dilution and order volatility.
AEIS
US$221.99
Advanced Energy Industries
7D
1.9%
1Y
87.2%

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.
TROO
US$3.55
TROOPS
7D
83.9%
1Y
97.2%