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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies101
  • 7D0.5%
  • 3M-0.7%
  • 1Y8.2%
  • YTDn/a

In the last week, the Electronic Equipment and Instruments industry is flat overall, with SMX (Security Matters) standing out by going down 22%. As for the the longer term, the industry is up 8.2% over the past 12 months. 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
Fri, 26 Dec 2025US$161.9bUS$40.3bUS$3.1b30x51.8x4x
Sun, 23 Nov 2025US$147.4bUS$40.1bUS$2.8b27.3x52.5x3.7x
Tue, 21 Oct 2025US$162.3bUS$39.6bUS$2.6b28.3x61.3x4.1x
Thu, 18 Sep 2025US$161.0bUS$40.0bUS$2.6b27.2x62.9x4x
Sat, 16 Aug 2025US$159.4bUS$39.8bUS$2.7b25.4x58.6x4x
Mon, 14 Jul 2025US$157.2bUS$37.7bUS$3.6b25.9x43.2x4.2x
Wed, 11 Jun 2025US$144.3bUS$37.7bUS$3.6b27.5x40.1x3.8x
Fri, 09 May 2025US$129.0bUS$37.5bUS$3.5b25.5x36.6x3.4x
Sun, 06 Apr 2025US$111.9bUS$37.2bUS$3.6b19.9x31.4x3x
Tue, 04 Mar 2025US$141.2bUS$37.4bUS$3.6b25x38.9x3.8x
Thu, 30 Jan 2025US$150.8bUS$37.0bUS$3.3b26.3x45x4.1x
Sat, 28 Dec 2024US$147.0bUS$36.9bUS$3.4b25.8x43x4x
Mon, 25 Nov 2024US$147.9bUS$36.8bUS$3.4b28.5x43.5x4x
Wed, 23 Oct 2024US$136.7bUS$36.5bUS$3.5b29.7x38.7x3.7x
Fri, 20 Sep 2024US$130.2bUS$36.6bUS$3.5b26.2x36.9x3.6x
Sun, 18 Aug 2024US$127.4bUS$36.7bUS$3.6b22.7x35.9x3.5x
Tue, 16 Jul 2024US$132.3bUS$37.7bUS$2.2b27.4x59.6x3.5x
Thu, 13 Jun 2024US$125.1bUS$37.7bUS$2.2b27.9x56x3.3x
Sat, 11 May 2024US$130.6bUS$37.9bUS$2.3b27.8x57.9x3.4x
Mon, 08 Apr 2024US$130.2bUS$37.8bUS$2.3b28x57x3.4x
Wed, 06 Mar 2024US$131.2bUS$38.0bUS$2.3b26.2x57.9x3.5x
Fri, 02 Feb 2024US$131.0bUS$41.7bUS$2.4b25.5x53.5x3.1x
Sun, 31 Dec 2023US$135.8bUS$41.6bUS$2.3b26.5x58.6x3.3x
Tue, 28 Nov 2023US$119.8bUS$41.6bUS$2.3b22.5x51.8x2.9x
Thu, 26 Oct 2023US$111.2bUS$42.0bUS$2.4b18.7x46.6x2.6x
Sat, 23 Sep 2023US$121.1bUS$42.0bUS$2.4b19.3x50.9x2.9x
Mon, 21 Aug 2023US$126.4bUS$41.9bUS$2.3b22.4x54x3x
Wed, 19 Jul 2023US$138.1bUS$41.4bUS$2.2b24.7x63.1x3.3x
Fri, 16 Jun 2023US$132.5bUS$41.4bUS$2.2b24.8x60.8x3.2x
Sun, 14 May 2023US$122.8bUS$40.5bUS$2.0b24.2x62.7x3x
Tue, 11 Apr 2023US$125.5bUS$40.3bUS$2.5b26x50.6x3.1x
Thu, 09 Mar 2023US$126.7bUS$38.9bUS$2.3b28.1x55.7x3.3x
Sat, 04 Feb 2023US$137.6bUS$38.5bUS$2.3b29.9x60.3x3.6x
Mon, 02 Jan 2023US$118.0bUS$38.4bUS$2.2b26.6x52.9x3.1x
Price to Earnings Ratio

52.9x


Total Market Cap: US$118.0bTotal 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 50.6x20242025
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 4.0x.
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 Market1.34%
Tech1.56%
Electronic Equipment and Components1.21%
Electronic Equipment and Instruments0.48%
Electronic Components2.05%
Electronic Manufacturing Services1.11%
Technology Distributors-0.79%
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$205.331.4%
+US$491.4m		26.0%PE40.6x
TDY Teledyne TechnologiesUS$520.402.0%
+US$487.8m		10.4%PE29.9x
RCAT Red Cat HoldingsUS$9.0912.9%
+US$124.1m		-25.9%PS145.8x
UMAC Unusual MachinesUS$13.0732.7%
+US$118.7m		-23.0%PS58x
NOVT NovantaUS$122.632.7%
+US$117.3m		-20.8%PE83.1x

Latest News

UMAC
US$13.07
Unusual Machines
7D
32.7%
1Y
-23.0%
KEYS
US$205.33
Keysight Technologies
7D
1.4%
1Y
26.0%

KEYS: Future Returns Will Depend On AI Demand And Cycle Normalization

Analysts have nudged our Keysight Technologies fair value estimate higher, lifting the price target by about $4 to roughly $220. They point to stronger than expected margins, an emerging growth inflection supported by AI infrastructure demand, and signs that cyclical headwinds in wireless and defense are easing.
MIR
US$23.97
Mirion Technologies
7D
1.8%
1Y
36.0%

Here's Why Mirion Technologies (NYSE:MIR) Can Manage Its Debt Responsibly

Dec 24
Here's Why Mirion Technologies (NYSE:MIR) Can Manage Its Debt Responsibly
INVZ
US$0.97
Innoviz Technologies
7D
-17.8%
1Y
-46.1%
NOVT
US$122.63
Novanta
7D
2.7%
1Y
-20.8%

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.
TDY
US$520.40
Teledyne Technologies
7D
2.0%
1Y
10.4%
TRMB
US$80.01
Trimble
7D
-1.1%
1Y
12.4%
NSSC
US$41.94
Napco Security Technologies
7D
-2.5%
1Y
18.1%

NSSC: Accelerating Equipment Sales Should Sustain Outperformance Into Fiscal 2026

Analysts have modestly raised their price target on Napco Security Technologies to $50.00, citing the company’s repeated quarterly beats, accelerating equipment sales growth, and an increasingly favorable setup into FY26 as key drivers of renewed near term and long term conviction. Analyst Commentary Bullish Takeaways Bullish analysts highlight the third consecutive quarterly beat as evidence that Napco is executing well against expectations, supporting a higher valuation multiple.
RAL
US$51.65
Ralliant
7D
-1.2%
1Y
n/a
EVLV
US$6.66
Evolv Technologies Holdings
7D
-7.6%
1Y
67.8%
ZBRA
US$245.90
Zebra Technologies
7D
-2.3%
1Y
-36.8%

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$56.56
Frequency Electronics
7D
17.5%
1Y
191.2%

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
AEVA
US$13.49
Aeva Technologies
7D
-5.6%
1Y
182.8%
OSIS
US$269.68
OSI Systems
7D
1.9%
1Y
57.4%

OSIS: Future Upside Will Depend On Sustained U.S. Border Security Spending

Analysts have nudged their price target on OSI Systems higher toward the low to mid $300s, citing raised long term earnings estimates and strengthening demand tied to increased U.S. border security spending. Analyst Commentary Recent Street research on OSI Systems reflects a predominantly constructive stance, with rising price targets framed around upward revisions to long term earnings power and a robust demand outlook tied to U.S. border security initiatives.
RCAT
US$9.09
Red Cat Holdings
7D
12.9%
1Y
-25.9%
SMX
US$137.70
SMX (Security Matters)
7D
-21.8%
1Y
-99.5%