Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies100
  • 7D-2.9%
  • 3M6.5%
  • 1Y11.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 2.9%, driven by a pullback from Ralliant of 29%. In contrast, Vontier has gained 7.6%. In the past year, the industry has gained 12%. As for the next few years, earnings are expected to grow by 27% 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, 06 Feb 2026US$151.0bUS$36.8bUS$1.5b28.5x100.9x4.1x
Sun, 04 Jan 2026US$159.9bUS$40.3bUS$3.1b29.1x51x4x
Tue, 02 Dec 2025US$157.7bUS$40.2bUS$3.1b28.6x50.4x3.9x
Thu, 30 Oct 2025US$160.9bUS$39.8bUS$2.6b27.4x62.1x4x
Sat, 27 Sep 2025US$159.6bUS$40.0bUS$2.6b26.6x62.5x4x
Mon, 25 Aug 2025US$160.7bUS$40.0bUS$2.5b24.9x63.4x4x
Wed, 23 Jul 2025US$158.7bUS$39.4bUS$4.0b25x39.9x4x
Fri, 20 Jun 2025US$142.2bUS$37.8bUS$3.6b25.9x39x3.8x
Sun, 18 May 2025US$142.2bUS$37.6bUS$3.5b27.7x40.6x3.8x
Tue, 15 Apr 2025US$117.1bUS$37.2bUS$3.5b20.9x33.2x3.2x
Thu, 13 Mar 2025US$130.9bUS$37.3bUS$3.6b22.7x36.7x3.5x
Sat, 08 Feb 2025US$151.2bUS$37.0bUS$3.4b25.6x45.1x4.1x
Mon, 06 Jan 2025US$144.6bUS$36.9bUS$3.4b26.3x42x3.9x
Wed, 04 Dec 2024US$149.9bUS$36.8bUS$3.4b29.1x44.1x4.1x
Fri, 01 Nov 2024US$135.2bUS$37.0bUS$3.8b28.3x36x3.7x
Sun, 29 Sep 2024US$135.4bUS$36.6bUS$3.5b26.7x38.4x3.7x
Tue, 27 Aug 2024US$133.3bUS$36.5bUS$3.7b23.8x36.4x3.6x
Thu, 25 Jul 2024US$134.5bUS$37.7bUS$2.2b27.5x60.2x3.6x
Sat, 22 Jun 2024US$125.5bUS$37.7bUS$2.2b24.7x56x3.3x
Mon, 20 May 2024US$132.7bUS$37.9bUS$2.4b28.3x55.3x3.5x
Wed, 17 Apr 2024US$126.0bUS$37.9bUS$2.3b27.2x55.9x3.3x
Fri, 15 Mar 2024US$129.0bUS$37.9bUS$2.2b26.7x57.8x3.4x
Sun, 11 Feb 2024US$125.2bUS$38.5bUS$2.3b25.5x53.3x3.3x
Tue, 09 Jan 2024US$129.9bUS$41.6bUS$2.3b25.9x55.9x3.1x
Thu, 07 Dec 2023US$122.4bUS$41.6bUS$2.3b23.3x52.6x2.9x
Sat, 04 Nov 2023US$114.1bUS$40.8bUS$2.1b19.7x53.9x2.8x
Mon, 02 Oct 2023US$122.5bUS$42.0bUS$2.4b20.8x51.5x2.9x
Wed, 30 Aug 2023US$129.8bUS$41.9bUS$2.4b23.1x55.1x3.1x
Fri, 28 Jul 2023US$135.4bUS$41.5bUS$2.2b23.7x61.3x3.3x
Sun, 25 Jun 2023US$128.1bUS$41.4bUS$2.2b23.7x58.2x3.1x
Tue, 23 May 2023US$129.9bUS$41.4bUS$2.2b23.8x59.6x3.1x
Thu, 20 Apr 2023US$123.3bUS$40.3bUS$2.5b25.5x49.7x3.1x
Sat, 18 Mar 2023US$121.6bUS$39.0bUS$2.3b26.1x53.3x3.1x
Mon, 13 Feb 2023US$134.7bUS$40.2bUS$2.3b28.7x57.6x3.4x
Price to Earnings Ratio

57.6x


Total Market Cap: US$134.7bTotal Earnings: US$2.3bTotal Revenue: US$40.2bTotal 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 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 101x which is higher than its 3-year average PE of 50.4x.
  • 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 declined 14% per year over the last three years,
  • Revenues have also declined 2.9% 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-2.98%
Tech-6.82%
Electronic Equipment and Components-4.48%
Electronic Equipment and Instruments-2.88%
Technology Distributors4.84%
Electronic Components-5.96%
Electronic Manufacturing Services-6.01%
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
VNT VontierUS$40.267.6%
+US$410.6m		3.7%PE14.4x
NSSC Napco Security TechnologiesUS$43.4713.5%
+US$184.4m		63.5%PE32.7x
ZBRA Zebra TechnologiesUS$241.081.3%
+US$158.1m		-36.0%PE23.9x
TDY Teledyne TechnologiesUS$628.470.5%
+US$147.9m		23.2%PE33x
LASR nLIGHTUS$46.09-2.2%
US$131.5m		309.7%PS11.1x

Latest News

RAL
US$38.39
Ralliant
7D
-28.7%
1Y
n/a
EVLV
US$5.28
Evolv Technologies Holdings
7D
-17.0%
1Y
26.9%

EVLV: Q3 Outperformance And 2026 ARR Focus Will Support Bullish Case

Analysts lifted their price target on Evolv Technologies Holdings to US$10 from US$9, citing recent quarterly performance and expectations that annual recurring revenue growth could outpace revenue growth by 2026. Analyst Commentary Recent commentary from bullish analysts centers on a higher conviction view of Evolv Technologies Holdings after its latest quarterly report, with particular attention on the relationship between annual recurring revenue and total revenue over the medium term.
LASR
US$46.09
nLIGHT
7D
-2.2%
1Y
309.7%
AEIS
US$257.64
Advanced Energy Industries
7D
-4.3%
1Y
127.8%
NSSC
US$43.47
Napco Security Technologies
7D
13.5%
1Y
63.5%

Napco Security Technologies' (NASDAQ:NSSC) Dividend Will Be Increased To $0.15

Feb 05
Napco Security Technologies' (NASDAQ:NSSC) Dividend Will Be Increased To $0.15
VNT
US$40.26
Vontier
7D
7.6%
1Y
3.7%

VNT: Future Earnings Power Will Rely On Ongoing Share Repurchases

Analysts have trimmed their price target for Vontier to about US$45.77 from roughly US$46.23, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes The fair value estimate was adjusted slightly to about US$45.77 from roughly US$46.23.
TDY
US$628.47
Teledyne Technologies
7D
0.5%
1Y
23.2%
ZBRA
US$241.08
Zebra Technologies
7D
1.3%
1Y
-36.0%

ZBRA: Automation And Data Center Demand Will Support Future Upside

Zebra Technologies' fair value estimate has shifted from US$421.00 to US$400.00 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E, in the context of Street research that includes a higher US$368 price target from Barclays for the broader industrial technology and distribution outlook. Analyst Commentary Bullish analysts are highlighting Zebra Technologies as a key beneficiary of themes tied to industrial technology and distribution, with attention on areas such as data centers, factory and warehouse automation, electronics, test and measurement, and semiconductors.
OUST
US$17.30
Ouster
7D
-26.3%
1Y
56.6%

OUST: Defense Certification And 2026 Top Pick Status Will Support Upside

Analysts have lifted their price target on Ouster to $33, citing its selection as a 2026 top pick and the perceived moat created by recent Department of Defense certification, along with growing traction in industrial, smart infrastructure, and robotics markets. Analyst Commentary Recent research highlights a split view around Ouster, even as some firms spotlight the stock with higher price targets and ratings.
UMAC
US$11.09
Unusual Machines
7D
-27.4%
1Y
-7.2%

UMAC: Drone Partnership And New Defense Order Will Support Bullish Outlook

Analysts kept their fair value estimate for Unusual Machines steady at $19.20 while making only minor tweaks to assumptions, such as a slightly lower discount rate and a marginally higher future P/E, reflecting updated views on risk and long term profitability without changing the overall price target. What's in the News The U.S. Department of Commerce has withdrawn plans to place restrictions on Chinese made drones, with Unusual Machines mentioned alongside other U.S. drone companies as part of the publicly traded peer group (Reuters).
NOVT
US$133.35
Novanta
7D
-5.0%
1Y
-10.3%
CGNX
US$39.49
Cognex
7D
1.0%
1Y
2.1%

CGNX: Industrial Tech Tailwinds Will Face Stricter Execution And Margin Expectations

Analysts have trimmed their price target on Cognex to US$54, down US$2, as they refresh assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E in light of updated views on industrial technology demand across data centers, factory and warehouse automation, electronics, test and measurement, and semiconductors. Analyst Commentary Recent research trims the price target on Cognex to US$54, which signals that some expectations around future growth, margins, and valuation are being reset, even as broader industrial technology end markets such as data centers, factory automation, warehouse automation, electronics, test and measurement, and semiconductors are viewed constructively.
POAS
US$6.57
Phaos Technology Holdings (Cayman)
7D
100.9%
1Y
n/a
OSIS
US$258.16
OSI Systems
7D
-4.3%
1Y
25.3%
CXT
US$52.95
Crane NXT
7D
4.5%
1Y
-17.4%

CXT: Higher 2025 Sales Guidance Will Support Bullish Upside Potential

Analysts have maintained their fair value estimate for Crane NXT at $62.00. Minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions informed the latest target price update.
MIR
US$23.21
Mirion Technologies
7D
-8.2%
1Y
42.6%

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%.