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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies100
  • 7D-2.7%
  • 3M1.9%
  • 1Y5.6%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 2.7%, driven by Novanta declining 17%. Meanwhile, Advanced Energy Industries actually outperformed within the industry, gaining 6.9% in the last week. Over the past 12 months, the industry was up 5.6%. 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
Sun, 09 Nov 2025US$156.7bUS$40.0bUS$2.8b29.7x55.1x3.9x
Tue, 07 Oct 2025US$162.3bUS$39.6bUS$2.6b28x61.3x4.1x
Thu, 04 Sep 2025US$155.9bUS$40.0bUS$2.5b26.4x61.4x3.9x
Sat, 02 Aug 2025US$158.6bUS$39.6bUS$3.9b24.9x40.4x4x
Mon, 30 Jun 2025US$154.8bUS$37.7bUS$3.6b26.5x42.8x4.1x
Wed, 28 May 2025US$137.7bUS$37.7bUS$3.6b27.2x38x3.7x
Fri, 25 Apr 2025US$119.9bUS$37.3bUS$3.6b22.2x33.7x3.2x
Sun, 23 Mar 2025US$134.3bUS$37.3bUS$3.6b24.2x37.2x3.6x
Tue, 18 Feb 2025US$146.2bUS$37.4bUS$3.6b27.2x40.7x3.9x
Thu, 16 Jan 2025US$143.7bUS$36.8bUS$3.5b25.7x41.4x3.9x
Sat, 14 Dec 2024US$149.2bUS$36.9bUS$3.4b26.9x43.6x4x
Mon, 11 Nov 2024US$147.4bUS$36.8bUS$3.7b26.4x39.6x4x
Wed, 09 Oct 2024US$134.5bUS$36.5bUS$3.5b29.1x38.2x3.7x
Fri, 06 Sep 2024US$127.8bUS$36.5bUS$3.6b24.8x35.4x3.5x
Sun, 04 Aug 2024US$121.8bUS$36.8bUS$2.1b25.7x57.9x3.3x
Tue, 02 Jul 2024US$126.8bUS$37.7bUS$2.2b25.5x57.1x3.4x
Thu, 30 May 2024US$130.3bUS$37.7bUS$2.2b28.1x58.2x3.5x
Sat, 27 Apr 2024US$126.9bUS$38.0bUS$2.3b27.3x56.4x3.3x
Mon, 25 Mar 2024US$130.9bUS$37.9bUS$2.2b27.1x58.5x3.5x
Wed, 21 Feb 2024US$126.9bUS$37.9bUS$2.3b25.5x55.9x3.3x
Fri, 19 Jan 2024US$130.0bUS$41.6bUS$2.3b25.6x55.9x3.1x
Sun, 17 Dec 2023US$133.2bUS$41.6bUS$2.3b27.9x57.2x3.2x
Tue, 14 Nov 2023US$112.0bUS$41.8bUS$2.4b21.1x47.2x2.7x
Thu, 12 Oct 2023US$121.0bUS$42.0bUS$2.4b20.9x50.9x2.9x
Sat, 09 Sep 2023US$126.6bUS$42.0bUS$2.4b20.5x53.2x3x
Mon, 07 Aug 2023US$132.7bUS$41.8bUS$2.5b23.5x52.7x3.2x
Wed, 05 Jul 2023US$134.9bUS$41.4bUS$2.2b24.5x62.5x3.3x
Fri, 02 Jun 2023US$129.4bUS$41.3bUS$2.2b24.5x59.3x3.1x
Sun, 30 Apr 2023US$121.6bUS$40.5bUS$2.5b24.4x49.5x3x
Tue, 28 Mar 2023US$123.4bUS$38.9bUS$2.2b25.6x55x3.2x
Thu, 23 Feb 2023US$127.2bUS$38.9bUS$2.3b29.1x56.2x3.3x
Sat, 21 Jan 2023US$129.4bUS$38.4bUS$2.2b28.6x58.2x3.4x
Mon, 19 Dec 2022US$118.3bUS$38.4bUS$2.2b26.6x53x3.1x
Wed, 16 Nov 2022US$150.5bUS$39.9bUS$2.1b26.8x71.6x3.8x
Price to Earnings Ratio

71.6x


Total Market Cap: US$150.5bTotal Earnings: US$2.1bTotal Revenue: US$39.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.8x202320242025
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 55.1x which is higher than its 3-year average PE of 50.8x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have grown 11% 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 Market-1.96%
Tech-4.59%
Electronic Equipment and Components-1.21%
Electronic Equipment and Instruments-2.69%
Electronic Components-0.15%
Electronic Manufacturing Services-0.18%
Technology Distributors-5.29%
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
AEIS Advanced Energy IndustriesUS$216.736.9%
+US$546.7m		84.7%PE56.1x
RAL RalliantUS$46.656.2%
+US$310.9m		n/aPE22.5x
ITRI ItronUS$105.294.9%
+US$227.2m		-14.9%PE18.7x
BMI Badger MeterUS$187.874.1%
+US$218.7m		-15.9%PE39.9x
OSIS OSI SystemsUS$284.862.3%
+US$108.7m		88.4%PE31.8x

Latest News

BMI
US$187.87
Badger Meter
7D
4.1%
1Y
-15.9%
LASR
US$34.16
nLIGHT
7D
3.5%
1Y
204.2%

LASR: Execution And Demand Trends Will Define Outlook Amid Backlog Strength

The analyst price target for nLIGHT has increased from $28.08 to $35.58, as analysts cite improved backlog, a strengthened pipeline, and growing optimism in the company’s near- and medium-term outlook. Analyst Commentary Analyst assessments reflect both confidence in nLIGHT's growth strategy and awareness of potential risks, influencing the recent upward revision in the price target.
ARLO
US$14.83
Arlo Technologies
7D
-23.3%
1Y
24.4%
NOVT
US$105.45
Novanta
7D
-17.0%
1Y
-42.3%
SMRT
US$1.45
SmartRent
7D
4.3%
1Y
-4.6%

These Analysts Think SmartRent, Inc.'s (NYSE:SMRT) Sales Are Under Threat

Nov 07
These Analysts Think SmartRent, Inc.'s (NYSE:SMRT) Sales Are Under Threat
OUST
US$25.71
Ouster
7D
-22.9%
1Y
221.8%

OUST: Defense Certification Will Drive Wider Adoption Across Key Markets

Analysts have raised their price target for Ouster from $35 to $39, citing recent Department of Defense certification and robust revenue growth as key drivers behind the more optimistic valuation. Analyst Commentary Recent upgrades and target price increases reflect analysts' shifting perspectives on Ouster's outlook as the company demonstrates both operational momentum and opportunities for further market penetration.
TDY
US$513.17
Teledyne Technologies
7D
-2.6%
1Y
4.9%

TDY: Ongoing Backlog And Defense Demand Will Sustain Earnings Momentum

Analysts have slightly raised their price target for Teledyne Technologies by $1 to approximately $621, citing recent earnings strength, steady backlog growth, and resilience in both the company's short- and long-cycle businesses. Analyst Commentary Recent analyst reports on Teledyne Technologies have highlighted both strengths and risk factors shaping the company's outlook following its latest quarterly results and subsequent price target revisions.
AEIS
US$216.73
Advanced Energy Industries
7D
6.9%
1Y
84.7%
OSIS
US$284.86
OSI Systems
7D
2.3%
1Y
88.4%
RAL
US$46.65
Ralliant
7D
6.2%
1Y
n/a
CGNX
US$39.27
Cognex
7D
-5.1%
1Y
-8.5%

CGNX: Expense Discipline And Cost Cuts Will Drive Stronger Margins Ahead

The analyst price target for Cognex has increased from $48.25 to $48.90, as analysts note improving margin prospects beyond near-term tariff headwinds. They also anticipate strong EBITDA recovery driven by disciplined expense management and ongoing growth initiatives.
ZBRA
US$259.54
Zebra Technologies
7D
-3.6%
1Y
-35.0%

ZBRA: Margin Pressures From Tariffs Will Ease After 2025 For Expanding Profitability

Zebra Technologies' average analyst price target has decreased by approximately $14 to $358, as analysts express concerns about slowing organic growth and more cautious forward guidance. Analyst Commentary Analyst reactions to Zebra Technologies' latest performance and guidance reflect a mix of optimism and caution.
KEYS
US$180.87
Keysight Technologies
7D
-1.1%
1Y
9.3%
MIR
US$27.45
Mirion Technologies
7D
-6.5%
1Y
77.3%

Mirion Technologies' (NYSE:MIR) Promising Earnings May Rest On Soft Foundations

Nov 05
Mirion Technologies' (NYSE:MIR) Promising Earnings May Rest On Soft Foundations
ITRI
US$105.29
Itron
7D
4.9%
1Y
-14.9%

ITRI: Utility-Scale Clean Energy Momentum Will Drive Long-Term Outperformance

Narrative Update: Itron Price Target Revision Analysts have raised their price target for Itron by $10, from $145 to $155. They cite strong positioning in utility-scale clean energy solutions and favorable exposure to U.S.-based manufacturing and diversified markets.
SOTK
US$4.53
Sono-Tek
7D
0.2%
1Y
3.4%