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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies100
  • 7D7.5%
  • 3M18.8%
  • 1Y71.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 9.1%, driven by gains from Keysight Technologies of 13%. Meanwhile, PowerFleet actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 71%. 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
Wed, 15 Apr 2026US$175.7bUS$37.7bUS$1.6b33.2x106.9x4.7x
Fri, 13 Mar 2026US$163.4bUS$37.6bUS$1.7b31.7x94.8x4.3x
Sun, 08 Feb 2026US$154.7bUS$36.8bUS$1.5b30.2x103.4x4.2x
Tue, 06 Jan 2026US$162.9bUS$40.3bUS$3.1b30.3x51.9x4x
Thu, 04 Dec 2025US$158.4bUS$40.2bUS$3.1b28.4x50.6x3.9x
Sat, 01 Nov 2025US$157.8bUS$39.8bUS$2.6b28.4x61.2x4x
Mon, 29 Sep 2025US$161.3bUS$40.0bUS$2.6b26.6x63.2x4x
Wed, 27 Aug 2025US$158.5bUS$40.0bUS$2.6b26x62.1x4x
Fri, 25 Jul 2025US$160.1bUS$39.5bUS$4.0b25.8x39.9x4.1x
Sun, 22 Jun 2025US$142.3bUS$37.8bUS$3.6b25.5x39x3.8x
Tue, 20 May 2025US$142.2bUS$37.6bUS$3.5b24.6x40.6x3.8x
Thu, 17 Apr 2025US$118.7bUS$37.2bUS$3.5b20.6x33.6x3.2x
Sat, 15 Mar 2025US$128.6bUS$37.3bUS$3.6b23x35.8x3.4x
Mon, 10 Feb 2025US$149.1bUS$37.0bUS$3.4b25.6x44.5x4x
Wed, 08 Jan 2025US$145.4bUS$36.9bUS$3.4b25.8x42.2x3.9x
Fri, 06 Dec 2024US$150.5bUS$36.9bUS$3.4b29x44x4.1x
Sun, 03 Nov 2024US$136.1bUS$37.0bUS$3.8b28.4x36.2x3.7x
Tue, 01 Oct 2024US$135.4bUS$36.6bUS$3.5b26.3x38.4x3.7x
Thu, 29 Aug 2024US$132.2bUS$36.5bUS$3.7b24.1x36.1x3.6x
Sat, 27 Jul 2024US$130.4bUS$36.9bUS$2.2b28.6x60.5x3.5x
Mon, 24 Jun 2024US$126.5bUS$37.7bUS$2.2b24.7x56.5x3.4x
Wed, 22 May 2024US$134.0bUS$37.7bUS$2.2b27.9x59.8x3.6x
Fri, 19 Apr 2024US$123.6bUS$37.9bUS$2.3b26.5x54.6x3.3x
Sun, 17 Mar 2024US$127.7bUS$37.9bUS$2.2b26.6x57.2x3.4x
Tue, 13 Feb 2024US$125.6bUS$38.5bUS$2.3b26.2x53.5x3.3x
Thu, 11 Jan 2024US$131.1bUS$41.6bUS$2.3b25.9x56.4x3.1x
Sat, 09 Dec 2023US$122.8bUS$41.6bUS$2.3b23.8x52.8x3x
Mon, 06 Nov 2023US$114.1bUS$40.8bUS$2.1b19.7x53.9x2.8x
Wed, 04 Oct 2023US$121.3bUS$42.0bUS$2.4b20.6x51x2.9x
Fri, 01 Sep 2023US$130.5bUS$41.9bUS$2.4b23.2x55.4x3.1x
Sun, 30 Jul 2023US$133.9bUS$41.6bUS$2.2b23.4x60.3x3.2x
Tue, 27 Jun 2023US$129.0bUS$41.4bUS$2.2b23.9x58.7x3.1x
Thu, 25 May 2023US$125.6bUS$41.4bUS$2.2b23.6x57.5x3x
Sat, 22 Apr 2023US$123.3bUS$40.3bUS$2.5b24.3x49.5x3.1x
Price to Earnings Ratio

49.5x


Total Market Cap: US$123.3bTotal 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 53.2x202420252026
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 105x which is higher than its 3-year average PE of 53.2x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.6x.
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 Market4.44%
Tech6.04%
Electronic Equipment and Components13.40%
Electronic Equipment and Instruments7.54%
Electronic Components16.90%
Electronic Manufacturing Services13.64%
Technology Distributors7.79%
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$330.469.9%
+US$5.1b		141.4%PE57.8x
AEIS Advanced Energy IndustriesUS$385.7313.7%
+US$1.8b		332.6%PE97.5x
CGNX CognexUS$55.587.5%
+US$649.7m		131.6%PE81.1x
TDY Teledyne TechnologiesUS$647.592.0%
+US$579.9m		38.2%PE33.5x
LASR nLIGHTUS$66.8715.9%
+US$510.5m		822.3%PS14.3x

Latest News

RAL
US$46.56
Ralliant
7D
10.2%
1Y
n/a
NOVT
US$128.85
Novanta
7D
11.8%
1Y
12.9%
TDY
US$647.59
Teledyne Technologies
7D
2.0%
1Y
38.2%
LASR
US$66.87
nLIGHT
7D
15.9%
1Y
822.3%

LASR: Directed Energy Defense Focus Will Drive Capacity And Revenue Expectations

The analyst price target for nLIGHT has been raised from $66.75 to $73.50 as analysts point to stronger expected revenue growth, supportive funding trends for directed energy platforms, and the company’s move toward a focused high power laser profile. Analyst Commentary Recent research highlights a cluster of optimistic views around nLIGHT, with several firms lifting price targets and initiating coverage with positive ratings.
OSIS
US$296.86
OSI Systems
7D
7.7%
1Y
53.7%

OSIS: Order Pacing And Security Wins Will Shape Balanced Future Setup

Analysts have raised their price targets for OSI Systems by up to $20, citing steady mid year pacing and updated valuation work that reflects a slightly higher assumed future P/E and discount rate. Analyst Commentary Recent Street research on OSI Systems has focused on refreshed valuation work and the pacing of orders through mid year, leading to several price target increases and mixed views on the near term order backdrop.
ARLO
US$13.92
Arlo Technologies
7D
-1.6%
1Y
51.6%

ARLO: Share Repurchases Will Support Future Upside Over Multiyear Horizon

Analysts have kept their price target for Arlo Technologies steady at $21.50, with small tweaks to inputs like discount rate, revenue growth, profit margin, and forward P/E. These adjustments reflect refined views rather than a change in the overall valuation outlook.
DAKT
US$19.24
Daktronics
7D
-1.0%
1Y
54.0%

DAKT: New CEO And Major Venue Deals Will Support Future Upside

Analysts have made only a slight tweak to their Daktronics price target, keeping their fair value view at about $33 while fine tuning inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions to reflect updated modelling rather than a change in broad conviction. What's in the News Appointment of Ramesh Jayaraman as President and CEO, with former interim CEO Bradley T.
AEIS
US$385.73
Advanced Energy Industries
7D
13.7%
1Y
332.6%

AEIS: AI WFE Spending And Broader End Markets Will Shape Outlook

The updated analyst price target for Advanced Energy Industries has increased to $342.22 from $337.22. Analysts cite stronger expectations around wafer fab equipment spending, AI-related chip capacity build-outs, and a broader set of end markets as key drivers behind the change.
KEYS
US$330.46
Keysight Technologies
7D
9.9%
1Y
141.4%

KEYS: Future Returns Will Rely On Durable AI And Wireline Order Momentum

The analyst price target for Keysight Technologies has moved modestly higher to reflect a fair value estimate of about $306. Analysts point to stronger order momentum across AI, wireline, and aerospace and defense, along with updated revenue and earnings models following recent Q1 results.
CGNX
US$55.58
Cognex
7D
7.5%
1Y
131.6%

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

Analyst price targets on Cognex have moved higher, with the updated fair value estimate holding at $65.50. Analysts point to margin improvement, cost initiatives, a recovering short cycle industrial group, and steadier segment trends as key supports for the new targets.
ASTC
US$3.33
Astrotech
7D
-15.7%
1Y
-42.7%
PRZO
US$0.69
ParaZero Technologies
7D
-7.4%
1Y
9.7%
CETX
US$1.21
Cemtrex
7D
-6.2%
1Y
-93.7%
SMX
US$5.04
SMX (Security Matters)
7D
-38.2%
1Y
-99.9%
MSAI
US$5.86
MultiSensor AI Holdings
7D
-37.6%
1Y
-83.3%
INVE
US$3.66
Identiv
7D
-1.3%
1Y
15.8%