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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies100
  • 7D1.8%
  • 3M16.8%
  • 1Y40.9%
  • YTDn/a

In the last week, the Electronic Equipment and Instruments industry is up 1.7%, with Keysight Technologies up 3.2%. This takes the industry's 12 month performance to a gain of 39%. Looking forward, 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
Thu, 26 Mar 2026US$164.7bUS$37.7bUS$1.6b31.6x100.9x4.4x
Sat, 21 Feb 2026US$161.2bUS$37.2bUS$1.5b32.2x110.6x4.3x
Mon, 19 Jan 2026US$150.9bUS$36.7bUS$2.9b31.8x52.5x4.1x
Wed, 17 Dec 2025US$160.2bUS$40.3bUS$3.1b29.2x51.3x4x
Fri, 14 Nov 2025US$157.4bUS$40.1bUS$2.9b27.9x55x3.9x
Sun, 12 Oct 2025US$153.4bUS$39.6bUS$2.6b26.4x58x3.9x
Tue, 09 Sep 2025US$159.5bUS$40.0bUS$2.5b26x62.8x4x
Thu, 07 Aug 2025US$155.7bUS$39.8bUS$2.7b26.2x58x3.9x
Sat, 05 Jul 2025US$157.1bUS$37.7bUS$3.6b27.1x43.5x4.2x
Mon, 02 Jun 2025US$139.1bUS$37.7bUS$3.6b26x38.7x3.7x
Wed, 30 Apr 2025US$123.1bUS$37.4bUS$3.5b24.6x34.7x3.3x
Fri, 28 Mar 2025US$135.0bUS$37.3bUS$3.6b24.9x37.9x3.6x
Sun, 23 Feb 2025US$142.0bUS$37.5bUS$3.6b26.6x39.3x3.8x
Tue, 21 Jan 2025US$148.1bUS$36.8bUS$3.5b25.8x42.7x4x
Thu, 19 Dec 2024US$147.2bUS$36.9bUS$3.4b26.5x43.1x4x
Sat, 16 Nov 2024US$142.1bUS$36.9bUS$3.7b26.1x38.3x3.9x
Mon, 14 Oct 2024US$138.0bUS$36.5bUS$3.5b29.3x39.2x3.8x
Wed, 11 Sep 2024US$125.1bUS$36.6bUS$3.5b25.3x35.5x3.4x
Fri, 09 Aug 2024US$118.2bUS$36.7bUS$3.4b23.8x35.1x3.2x
Sun, 07 Jul 2024US$126.5bUS$37.7bUS$2.2b25.3x56.9x3.4x
Tue, 04 Jun 2024US$128.4bUS$37.7bUS$2.2b27.5x57.3x3.4x
Thu, 02 May 2024US$127.2bUS$37.8bUS$2.2b27.3x57x3.4x
Sat, 30 Mar 2024US$133.4bUS$37.9bUS$2.2b27.4x59.6x3.5x
Mon, 26 Feb 2024US$127.0bUS$37.8bUS$2.2b26.2x58x3.4x
Wed, 24 Jan 2024US$132.9bUS$41.6bUS$2.3b26.1x57.1x3.2x
Fri, 22 Dec 2023US$131.8bUS$41.6bUS$2.3b25.9x56.5x3.2x
Sun, 19 Nov 2023US$117.1bUS$41.8bUS$2.4b21.6x49.2x2.8x
Tue, 17 Oct 2023US$119.0bUS$42.0bUS$2.4b20.3x50x2.8x
Thu, 14 Sep 2023US$123.9bUS$42.0bUS$2.4b20.2x52.2x3x
Sat, 12 Aug 2023US$132.1bUS$41.9bUS$2.4b23.4x55.2x3.2x
Mon, 10 Jul 2023US$132.8bUS$41.4bUS$2.2b23.8x61.5x3.2x
Wed, 07 Jun 2023US$130.3bUS$41.3bUS$2.2b24.6x59.7x3.2x
Fri, 05 May 2023US$120.7bUS$40.4bUS$2.2b24.3x56x3x
Sun, 02 Apr 2023US$129.6bUS$40.2bUS$2.5b26.8x51.5x3.2x
Price to Earnings Ratio

51.5x


Total Market Cap: US$129.6bTotal Earnings: US$2.5bTotal Revenue: US$40.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 52.4x202420252026
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 99x which is higher than its 3-year average PE of 52.3x.
  • The 3-year average PS ratio of 3.6x 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 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-0.15%
Tech-0.52%
Electronic Equipment and Components5.73%
Electronic Equipment and Instruments1.79%
Electronic Manufacturing Services10.45%
Electronic Components5.74%
Technology Distributors3.80%
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$293.123.2%
+US$1.5b		87.4%PE51.2x
AEIS Advanced Energy IndustriesUS$342.877.3%
+US$877.3m		226.2%PE86.7x
CGNX CognexUS$51.613.5%
+US$290.6m		65.0%PE75.3x
VNT VontierUS$36.743.3%
+US$168.5m		7.4%PE12.8x
BMI Badger MeterUS$153.373.7%
+US$159.9m		-20.3%PE31.6x

Latest News

KEYS
US$293.12
Keysight Technologies
7D
3.2%
1Y
87.4%
TDY
US$625.37
Teledyne Technologies
7D
-1.3%
1Y
22.9%

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.
NSSC
US$41.50
Napco Security Technologies
7D
-2.5%
1Y
74.2%

NSSC: Recurring Cloud Services And RMR Focus Will Drive Future Upside

Analysts have kept their $48.00 price target on Napco Security Technologies unchanged, citing largely consistent assumptions around the discount rate, revenue growth, profit margin, and future P/E multiple. What's in the News Napco Security Technologies is scheduled to participate in ISC West 2026, highlighting its "all under one roof" security portfolio across four core brands at a 2,500 sq.
UMAC
US$14.86
Unusual Machines
7D
-26.1%
1Y
114.1%
AEVA
US$15.26
Aeva Technologies
7D
4.5%
1Y
163.1%
MIR
US$18.81
Mirion Technologies
7D
-3.2%
1Y
25.0%

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.
NOVT
US$117.65
Novanta
7D
-0.8%
1Y
-11.2%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their price target on Novanta to $150 from $138, citing updated Q4 models that suggest the company may be positioned for faster sales growth and margin expansion. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target to $150 as a sign that updated Q4 assumptions support a higher valuation range for the shares.
VNT
US$36.74
Vontier
7D
3.3%
1Y
7.4%

VNT: Future Upside Will Rely On EV Charging Platform Expansion

Analysts have maintained Vontier's price target at $49.00, citing relatively steady assumptions around the discount rate, revenue growth, profit margin, and future P/E. Together, these factors point to a broadly unchanged view of the stock's risk and earnings profile.
EVLV
US$5.93
Evolv Technologies Holdings
7D
11.3%
1Y
91.3%

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.
OUST
US$20.22
Ouster
7D
-4.0%
1Y
102.6%

OUST: Physical AI Focus And Balance Sheet Strength Will Support 2026 Separation

Analysts have adjusted their price target on Ouster to $38, reflecting expectations that the company can further differentiate itself from lidar peers as it focuses on industrial, smart infrastructure and robotics markets and benefits from what they view as a solid balance sheet. Analyst Commentary Analysts highlighting Ouster as a top pick for 2026 point to what they view as a clearer competitive position versus other lidar names, supported by a balance sheet they see as capable of ongoing investment.
BMI
US$153.37
Badger Meter
7D
3.7%
1Y
-20.3%

BMI: Premium P/E And Expanded Buyback Authorization Will Drive Future Upside

Analysts have trimmed the Badger Meter fair value estimate slightly to $178.0 from $178.7, reflecting lower Street price targets and expectations for more moderate revenue growth, partly offset by a small lift to projected profit margins and a reduced assumed future P/E multiple. Analyst Commentary Recent Street research has tilted more cautious on Badger Meter, with several firms trimming price targets and at least one initiating with an Underweight rating.
AEIS
US$342.87
Advanced Energy Industries
7D
7.3%
1Y
226.2%
CGNX
US$51.61
Cognex
7D
3.5%
1Y
65.0%

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.
ZEPP
US$13.26
Zepp Health
7D
-10.5%
1Y
342.0%
CXT
US$43.13
Crane NXT
7D
4.3%
1Y
-17.5%
ARBE
US$0.65
Arbe Robotics
7D
-15.0%
1Y
-46.6%