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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies100
  • 7D-1.2%
  • 3M3.8%
  • 1Y9.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 1.2%, driven by Badger Meter declining 14%. This takes the industry's 12 month performance to a gain of 9.8%. Looking forward, earnings are forecast to grow by 21% 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, 01 Feb 2026US$148.0bUS$36.8bUS$3.0b26.9x50.2x4x
Tue, 30 Dec 2025US$161.1bUS$40.3bUS$3.1b29.3x51.2x4x
Thu, 27 Nov 2025US$155.8bUS$40.2bUS$3.1b28.7x49.8x3.9x
Sat, 25 Oct 2025US$162.6bUS$39.7bUS$2.6b28.4x62.3x4.1x
Mon, 22 Sep 2025US$165.2bUS$40.0bUS$2.6b27.2x64.6x4.1x
Wed, 20 Aug 2025US$158.1bUS$39.8bUS$2.7b23.9x58x4x
Fri, 18 Jul 2025US$157.4bUS$37.7bUS$3.6b26.2x43.3x4.2x
Sun, 15 Jun 2025US$140.4bUS$37.7bUS$3.6b26.3x39x3.7x
Tue, 13 May 2025US$133.4bUS$37.5bUS$3.5b27.4x37.7x3.6x
Thu, 10 Apr 2025US$110.3bUS$37.2bUS$3.5b21.3x31.2x3x
Sat, 08 Mar 2025US$134.1bUS$37.3bUS$3.6b22.8x37.6x3.6x
Mon, 03 Feb 2025US$152.3bUS$37.0bUS$3.4b26.3x45.4x4.1x
Wed, 01 Jan 2025US$143.4bUS$36.9bUS$3.5b26.2x41.4x3.9x
Fri, 29 Nov 2024US$148.3bUS$36.8bUS$3.4b28.3x43.6x4x
Sun, 27 Oct 2024US$135.3bUS$36.7bUS$3.6b28.4x37.5x3.7x
Tue, 24 Sep 2024US$133.0bUS$36.6bUS$3.5b26.6x37.7x3.6x
Thu, 22 Aug 2024US$128.3bUS$36.5bUS$3.7b23.1x35.1x3.5x
Sat, 20 Jul 2024US$132.8bUS$37.7bUS$2.2b27.7x59.8x3.5x
Mon, 17 Jun 2024US$125.3bUS$37.7bUS$2.2b25.6x56x3.3x
Wed, 15 May 2024US$129.8bUS$37.9bUS$2.4b27.7x53.9x3.4x
Fri, 12 Apr 2024US$129.3bUS$37.9bUS$2.3b28.5x57.1x3.4x
Sun, 10 Mar 2024US$130.3bUS$37.9bUS$2.2b27x58.3x3.4x
Tue, 06 Feb 2024US$120.5bUS$38.5bUS$2.3b25.5x51.4x3.1x
Thu, 04 Jan 2024US$129.8bUS$41.6bUS$2.3b25.6x55.7x3.1x
Sat, 02 Dec 2023US$120.9bUS$41.6bUS$2.3b22.8x52.3x2.9x
Mon, 30 Oct 2023US$110.0bUS$42.0bUS$2.4b18.4x45.6x2.6x
Wed, 27 Sep 2023US$119.4bUS$42.0bUS$2.4b19.1x50.2x2.8x
Fri, 25 Aug 2023US$126.1bUS$41.8bUS$2.3b22.3x53.7x3x
Sun, 23 Jul 2023US$136.5bUS$41.5bUS$2.2b24.4x62.2x3.3x
Tue, 20 Jun 2023US$133.2bUS$41.4bUS$2.2b24.8x61.1x3.2x
Thu, 18 May 2023US$127.8bUS$41.4bUS$2.2b23.7x59.1x3.1x
Sat, 15 Apr 2023US$127.0bUS$40.3bUS$2.5b26.2x51.2x3.2x
Mon, 13 Mar 2023US$121.6bUS$39.0bUS$2.3b26.5x53x3.1x
Wed, 08 Feb 2023US$136.7bUS$38.5bUS$2.3b29.7x59.7x3.5x
Price to Earnings Ratio

59.7x


Total Market Cap: US$136.7bTotal 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 50.4x202420252026
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 50.4x.
  • 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 8.8% 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-0.23%
Tech-0.81%
Electronic Equipment and Components0.42%
Electronic Equipment and Instruments-1.23%
Technology Distributors4.50%
Electronic Components1.05%
Electronic Manufacturing Services-0.59%
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$216.331.6%
+US$517.7m		21.3%PE42.7x
TDY Teledyne TechnologiesUS$620.301.6%
+US$452.6m		21.3%PE32.5x
VNT VontierUS$37.501.7%
+US$91.4m		-2.7%PE13.4x
LASR nLIGHTUS$45.613.8%
+US$85.3m		308.3%PS10.2x
DAKT DaktronicsUS$23.157.6%
+US$79.9m		41.1%PE153.1x

Latest News

TDY
US$620.30
Teledyne Technologies
7D
1.6%
1Y
21.3%
OSIS
US$250.14
OSI Systems
7D
-9.0%
1Y
27.3%
BMI
US$146.58
Badger Meter
7D
-13.5%
1Y
-31.5%
ITRI
US$99.08
Itron
7D
1.4%
1Y
-7.7%
AEIS
US$255.36
Advanced Energy Industries
7D
-2.6%
1Y
121.9%

AEIS: Data Center And Semiconductor Spending Upside Will Support Balanced Expectations

Narrative Update on Advanced Energy Industries The updated analyst price target for Advanced Energy Industries moves to $263.00 from $228.50. This reflects analysts' recent price target increases and more constructive views on revenue growth, profit margins, and future P/E assumptions following sector channel checks and company specific research.
KEYS
US$216.33
Keysight Technologies
7D
1.6%
1Y
21.3%

KEYS: Future Returns Will Depend On AI Infrastructure And Cycle Stabilization

Analysts have nudged their Keysight Technologies fair value estimate slightly higher to about $220.00, citing refreshed targets that reflect stronger recent EPS and margin trends, improving wireless and defense demand, and growing optimism around artificial intelligence infrastructure and acquisition synergies. Analyst Commentary Recent Street research on Keysight Technologies clusters around a broadly constructive view on earnings power, margin resilience, and exposure to artificial intelligence infrastructure, with some caution on how much of this is already reflected in valuation and execution expectations.
OUST
US$20.83
Ouster
7D
-16.1%
1Y
109.1%
DAKT
US$23.15
Daktronics
7D
7.6%
1Y
41.1%

DAKT: Increased Buybacks And New CEO Will Support Long-Term Upside Potential

Analysts have maintained their fair value estimate for Daktronics at US$30.00, with only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, resulting in a marginally updated price target framework. What's in the News From August 3, 2025 to November 1, 2025, Daktronics repurchased 97,402 shares for US$1.56 million, bringing total repurchases under the June 17, 2016 buyback plan to 4,781,408 shares, or 10.33%, for US$55.53 million (Key Developments).
MIR
US$24.84
Mirion Technologies
7D
-2.6%
1Y
56.8%

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$37.50
Vontier
7D
1.7%
1Y
-2.7%
VPG
US$50.08
Vishay Precision Group
7D
13.5%
1Y
114.9%

VPG: Index Inclusion And Revenue Guidance Will Sustain An Overstretched Outlook

Analysts kept their price target for Vishay Precision Group broadly unchanged at about $42. This reflected only minimal tweaks to assumptions such as discount rate, long term revenue growth, profit margin, and future P/E that did not materially alter their overall view of the shares.
ZBRA
US$234.98
Zebra Technologies
7D
-2.3%
1Y
-40.0%

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.
CGNX
US$38.74
Cognex
7D
-2.6%
1Y
-2.9%

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.
LASR
US$45.61
nLIGHT
7D
3.8%
1Y
308.3%

LASR: Higher Q4 2025 Guidance Will Support Stronger Earnings Power

Analysts have lifted their fair value estimate for nLIGHT from $24.00 to $50.00, citing updated assumptions on growth, profitability, and future P/E that are consistent with recent Street research price target revisions. Analyst Commentary Recent Street research has leaned more positive on nLIGHT, with bullish analysts pointing to a pricing framework that they see as better aligned with the company’s updated growth and profitability assumptions.
AEVA
US$12.77
Aeva Technologies
7D
-19.1%
1Y
201.2%
TROO
US$3.93
TROOPS
7D
6.2%
1Y
162.0%