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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies103
  • 7D1.7%
  • 3M3.6%
  • 1Y9.1%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 1.7%, driven by gains from Keysight Technologies of 2.4%. In the same time, Cognex was down 5.2%. This takes the industry's 12 month performance to a gain of 9.1%. Earnings are forecast to grow by 23% 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, 13 Dec 2025US$164.1bUS$40.3bUS$3.1b29.6x52.5x4.1x
Mon, 10 Nov 2025US$156.7bUS$40.0bUS$2.8b29.7x55.1x3.9x
Wed, 08 Oct 2025US$163.0bUS$39.6bUS$2.6b27.8x61.6x4.1x
Fri, 05 Sep 2025US$156.6bUS$40.0bUS$2.5b26.4x61.7x3.9x
Sun, 03 Aug 2025US$154.9bUS$39.6bUS$3.9b24.9x39.5x3.9x
Tue, 01 Jul 2025US$154.4bUS$37.7bUS$3.6b26.8x42.7x4.1x
Thu, 29 May 2025US$140.9bUS$37.7bUS$3.6b26.9x39.2x3.7x
Sat, 26 Apr 2025US$124.4bUS$37.3bUS$3.6b22.4x34.9x3.3x
Mon, 24 Mar 2025US$134.3bUS$37.3bUS$3.6b24.2x37.2x3.6x
Wed, 19 Feb 2025US$146.2bUS$37.4bUS$3.6b27.7x40.7x3.9x
Fri, 17 Jan 2025US$147.1bUS$36.8bUS$3.5b25.7x42.4x4x
Sun, 15 Dec 2024US$147.7bUS$36.9bUS$3.4b26.9x43.2x4x
Tue, 12 Nov 2024US$147.4bUS$36.8bUS$3.7b26.5x39.6x4x
Thu, 10 Oct 2024US$135.3bUS$36.5bUS$3.5b29.1x38.4x3.7x
Sat, 07 Sep 2024US$124.1bUS$36.6bUS$3.5b24.4x35.2x3.4x
Mon, 05 Aug 2024US$121.8bUS$36.8bUS$2.1b25.7x57.9x3.3x
Wed, 03 Jul 2024US$125.6bUS$37.7bUS$2.2b25.2x56.5x3.3x
Fri, 31 May 2024US$128.2bUS$37.7bUS$2.2b27.2x57.2x3.4x
Sun, 28 Apr 2024US$127.0bUS$38.0bUS$2.3b27.3x56.4x3.3x
Tue, 26 Mar 2024US$130.9bUS$37.9bUS$2.2b26.8x58.5x3.5x
Thu, 22 Feb 2024US$127.0bUS$37.8bUS$2.2b26x58.2x3.4x
Sat, 20 Jan 2024US$130.2bUS$41.6bUS$2.3b25.7x56x3.1x
Mon, 18 Dec 2023US$133.2bUS$41.6bUS$2.3b27.9x57.2x3.2x
Wed, 15 Nov 2023US$112.0bUS$41.8bUS$2.4b21.6x47.2x2.7x
Fri, 13 Oct 2023US$121.0bUS$42.0bUS$2.4b20.4x50.9x2.9x
Sun, 10 Sep 2023US$125.3bUS$42.0bUS$2.4b20.5x52.6x3x
Tue, 08 Aug 2023US$132.8bUS$41.8bUS$2.5b23.7x52.8x3.2x
Thu, 06 Jul 2023US$133.2bUS$41.4bUS$2.2b24.1x61.7x3.2x
Sat, 03 Jun 2023US$131.3bUS$41.3bUS$2.2b24.7x60.2x3.2x
Mon, 01 May 2023US$121.6bUS$40.5bUS$2.5b24.4x49.5x3x
Wed, 29 Mar 2023US$123.5bUS$38.9bUS$2.2b25.8x55x3.2x
Fri, 24 Feb 2023US$127.4bUS$38.9bUS$2.3b29.1x56.3x3.3x
Sun, 22 Jan 2023US$129.4bUS$38.4bUS$2.2b28.6x58.2x3.4x
Tue, 20 Dec 2022US$116.2bUS$38.4bUS$2.2b26.2x52x3x
Price to Earnings Ratio

52x


Total Market Cap: US$116.2bTotal 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 50.6x202320242025
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 4.1x.
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 Market0.71%
Tech1.10%
Electronic Equipment and Components4.49%
Electronic Equipment and Instruments1.71%
Electronic Manufacturing Services7.89%
Electronic Components4.38%
Technology Distributors3.35%
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$214.142.4%
+US$868.0m		27.2%PE42.2x
ZBRA Zebra TechnologiesUS$273.544.0%
+US$531.4m		-32.9%PE27.1x
AEIS Advanced Energy IndustriesUS$224.114.4%
+US$357.1m		91.3%PE58x
TRMB TrimbleUS$83.341.3%
+US$247.4m		11.3%PE55.4x
TDY Teledyne TechnologiesUS$523.111.0%
+US$239.9m		9.2%PE30x

Latest News

VNT
US$37.16
Vontier
7D
3.1%
1Y
-6.9%

Does Vontier (NYSE:VNT) Have A Healthy Balance Sheet?

Dec 12
Does Vontier (NYSE:VNT) Have A Healthy Balance Sheet?
CGNX
US$36.88
Cognex
7D
-5.2%
1Y
-2.2%
LIDR
US$2.46
AEye
7D
-9.6%
1Y
113.9%
DAKT
US$20.51
Daktronics
7D
17.5%
1Y
20.1%
KEYS
US$214.14
Keysight Technologies
7D
2.4%
1Y
27.2%

KEYS: Future Returns Will Depend On AI Inflection And End Market Recovery

Analysts have nudged our Keysight Technologies fair value estimate slightly higher to about $216 from roughly $213, reflecting improved confidence in double digit EPS growth, stabilizing wireless and defense demand, and a looming AI driven inflection that could support modest multiple expansion. Analyst Commentary Street research remains broadly constructive on Keysight, with recent actions highlighting a balanced mix of optimism around growth acceleration and caution on what is already embedded in the share price.
CXT
US$54.57
Crane NXT
7D
-6.5%
1Y
-10.2%

CXT: Currency Tailwinds Will Drive Security Authentication Strength Ahead

Analysts raised their price target for Crane NXT to $80 from $70, citing tailwinds in U.S. and international currency, stabilizing CPI end markets, and the accretive impact of the Antares Vision acquisition, particularly on Security and Authentication Technologies growth. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as justified by strengthening U.S. and international currency demand, which is expected to support sustained top line growth and multiple expansion.
TRMB
US$83.34
Trimble
7D
1.3%
1Y
11.3%
ARBE
US$1.32
Arbe Robotics
7D
-18.5%
1Y
-21.9%

Does Arbe Robotics (NASDAQ:ARBE) Have A Healthy Balance Sheet?

Dec 08
Does Arbe Robotics (NASDAQ:ARBE) Have A Healthy Balance Sheet?
AEIS
US$224.11
Advanced Energy Industries
7D
4.4%
1Y
91.3%
TDY
US$523.11
Teledyne Technologies
7D
1.0%
1Y
9.2%

TDY: Expanding Defense Backlog Will Support Premium Earnings Multiple Ahead

Analysts have nudged their average price target for Teledyne Technologies slightly higher to approximately $623 from about $621, citing resilient Q3 execution, a recovering short cycle portfolio alongside solid defense momentum, and a favorable mix of long and short cycle exposure that supports a premium future earnings multiple. Analyst Commentary Recent Street commentary reflects a generally constructive stance on Teledyne Technologies, with a few pockets of caution as investors weigh near term execution against longer term growth and valuation.
ITRI
US$98.27
Itron
7D
-0.9%
1Y
-12.2%
ZBRA
US$273.54
Zebra Technologies
7D
4.0%
1Y
-32.9%

ZBRA: Margin Pressures From Tariffs Will Ease After 2025 Supporting Profitability

Analysts have modestly reduced their price target on Zebra Technologies by about $19 per share, reflecting concerns over decelerating organic growth and cautious extrapolation of softer Q4 guidance into the medium term. Analyst Commentary Recent research notes present a mixed but generally balanced view of Zebra Technologies, with analysts updating price targets and recommendations in response to Q3 performance, tariff dynamics, and forward guidance.
MIR
US$26.29
Mirion Technologies
7D
3.1%
1Y
48.1%
OSIS
US$265.85
OSI Systems
7D
-1.9%
1Y
41.6%

OSIS: Future Will Rely On Border Security Spending And Fiscal Policy Risks

Analysts have raised their price target for OSI Systems from $286 to $295, citing anticipated growth due to increased border security spending and strong demand outlooks. Analyst Commentary Recent analyst actions reflect ongoing optimism about OSI Systems' strategic positioning and growth prospects.
MASS
US$6.40
908 Devices
7D
-3.8%
1Y
201.9%

Some 908 Devices Inc. (NASDAQ:MASS) Shareholders Look For Exit As Shares Take 26% Pounding

Nov 12
Some 908 Devices Inc. (NASDAQ:MASS) Shareholders Look For Exit As Shares Take 26% Pounding
ZEPP
US$28.35
Zepp Health
7D
-3.8%
1Y
918.4%