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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies100
  • 7D0.2%
  • 3M17.5%
  • 1Y29.6%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has remained flat, although notably Keysight Technologies gained 4.9%. As for the the longer term, the industry is up 30% over the past 12 months. As for the next few years, earnings are expected to grow by 24% 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
Tue, 24 Feb 2026US$162.0bUS$37.2bUS$1.5b32.2x111.3x4.4x
Thu, 22 Jan 2026US$147.2bUS$36.8bUS$2.9b30.7x50x4x
Sat, 20 Dec 2025US$157.6bUS$40.3bUS$3.1b29.4x50.4x3.9x
Mon, 17 Nov 2025US$151.0bUS$40.1bUS$2.8b27.5x53.8x3.8x
Wed, 15 Oct 2025US$157.6bUS$39.6bUS$2.6b27.5x59.5x4x
Fri, 12 Sep 2025US$158.7bUS$40.0bUS$2.6b26.9x62x4x
Sun, 10 Aug 2025US$157.6bUS$39.9bUS$2.7b26.8x58.3x4x
Tue, 08 Jul 2025US$156.9bUS$37.7bUS$3.6b27x43.2x4.2x
Thu, 05 Jun 2025US$141.4bUS$37.7bUS$3.6b26.5x39.3x3.7x
Sat, 03 May 2025US$125.5bUS$37.6bUS$3.6b25.2x35.2x3.3x
Mon, 31 Mar 2025US$130.3bUS$37.2bUS$3.6b24.2x36.7x3.5x
Wed, 26 Feb 2025US$141.1bUS$37.5bUS$3.7b25x38.6x3.8x
Fri, 24 Jan 2025US$153.8bUS$37.0bUS$3.3b28.5x45.9x4.2x
Sun, 22 Dec 2024US$144.1bUS$36.9bUS$3.4b26.3x42.2x3.9x
Tue, 19 Nov 2024US$139.7bUS$36.9bUS$3.7b25.8x37.6x3.8x
Thu, 17 Oct 2024US$137.5bUS$36.5bUS$3.5b30.6x39x3.8x
Sat, 14 Sep 2024US$127.9bUS$36.6bUS$3.5b26.5x36.3x3.5x
Mon, 12 Aug 2024US$121.1bUS$36.7bUS$3.5b23.7x34.9x3.3x
Wed, 10 Jul 2024US$127.4bUS$37.7bUS$2.2b25.8x57.4x3.4x
Fri, 07 Jun 2024US$127.0bUS$37.7bUS$2.2b27.7x56.8x3.4x
Sun, 05 May 2024US$128.0bUS$37.9bUS$2.2b27.9x57.1x3.4x
Tue, 02 Apr 2024US$133.4bUS$37.9bUS$2.2b27.9x59.4x3.5x
Thu, 29 Feb 2024US$127.8bUS$37.9bUS$2.2b26.2x57.8x3.4x
Sat, 27 Jan 2024US$132.2bUS$41.7bUS$2.4b25.5x54.1x3.2x
Mon, 25 Dec 2023US$134.7bUS$41.6bUS$2.3b26.1x57.8x3.2x
Wed, 22 Nov 2023US$118.2bUS$41.8bUS$2.4b21.6x49.6x2.8x
Fri, 20 Oct 2023US$114.5bUS$42.0bUS$2.4b19.4x47.9x2.7x
Sun, 17 Sep 2023US$124.8bUS$42.0bUS$2.4b20.4x52.4x3x
Tue, 15 Aug 2023US$133.5bUS$41.9bUS$2.4b23.6x55.7x3.2x
Thu, 13 Jul 2023US$137.6bUS$41.4bUS$2.2b25.4x63.1x3.3x
Sat, 10 Jun 2023US$131.0bUS$41.4bUS$2.2b24.6x60.2x3.2x
Mon, 08 May 2023US$122.8bUS$40.4bUS$2.2b24.6x57x3x
Wed, 05 Apr 2023US$126.3bUS$40.3bUS$2.5b26.3x50.5x3.1x
Fri, 03 Mar 2023US$126.9bUS$38.9bUS$2.3b28.7x54.6x3.3x
Price to Earnings Ratio

54.6x


Total Market Cap: US$126.9bTotal Earnings: US$2.3bTotal Revenue: US$38.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 51.2x202420252026
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 111x which is higher than its 3-year average PE of 51.2x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Electronic Equipment and Instruments compare with similar industries?

US Market-0.35%
Tech-0.32%
Electronic Equipment and Components2.48%
Electronic Equipment and Instruments0.21%
Electronic Components4.82%
Electronic Manufacturing Services1.23%
Technology Distributors-1.98%
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$245.004.9%
+US$2.0b		41.2%PE48.4x
AEIS Advanced Energy IndustriesUS$329.244.8%
+US$566.9m		161.8%PE83.2x
OSIS OSI SystemsUS$293.659.3%
+US$412.5m		46.0%PE31.6x
ITRI ItronUS$95.216.5%
+US$270.3m		2.8%PE14.2x
TDY Teledyne TechnologiesUS$672.421.8%
+US$135.4m		35.6%PE34.8x

Latest News

NOVT
US$142.38
Novanta
7D
-2.7%
1Y
3.0%
KEYS
US$245.00
Keysight Technologies
7D
4.9%
1Y
41.2%
NSSC
US$45.87
Napco Security Technologies
7D
3.9%
1Y
88.3%

NSSC: Fair Outlook Will Rely On Dividend And Buyback Support

Analysts have nudged their price target for Napco Security Technologies up by about $1 to $49.67, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The board declared a quarterly dividend of $0.15 per share, a 7% increase from the previous quarter, payable on April 3, 2026, to shareholders of record on March 12, 2026 (Key Developments).
EVLV
US$4.90
Evolv Technologies Holdings
7D
-13.7%
1Y
39.2%
TDY
US$672.42
Teledyne Technologies
7D
1.8%
1Y
35.6%
MIR
US$20.50
Mirion Technologies
7D
-8.9%
1Y
34.3%

MIR: 2026 Guidance And Assumption Tweaks Will Support Constructive Long Term Upside Potential

Analysts have trimmed their price target on Mirion Technologies to about $29.30 per share from roughly $30.33, reflecting updated assumptions for slightly higher discount rates, a lower revenue growth outlook, more conservative profit margin expectations, and a higher future P/E multiple. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a view of management's current expectations.
ITRI
US$95.21
Itron
7D
6.5%
1Y
2.8%
VNT
US$40.43
Vontier
7D
-3.3%
1Y
6.7%

VNT: Future Earnings Power Will Rely On Ongoing Share Repurchases

Analysts have adjusted their price target on Vontier to $48.77 from $45.77, reflecting updated assumptions around a slightly lower revenue growth outlook, a modestly higher profit margin, a small change in the discount rate, and a similar forward P/E profile. What's in the News Vontier reported completing a share repurchase tranche between September 28, 2025 and December 28, 2025, buying 3,400,000 shares, or 2.34% of shares, for US$126.58 million under its existing buyback authorization (Key Developments).
OSIS
US$293.65
OSI Systems
7D
9.3%
1Y
46.0%
CGNX
US$56.47
Cognex
7D
-3.9%
1Y
72.0%

We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings

Feb 19
We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings
CXT
US$51.22
Crane NXT
7D
-2.9%
1Y
-10.8%
ZBRA
US$231.32
Zebra Technologies
7D
-12.6%
1Y
-25.3%

ZBRA: Automation And AI Solutions Will Support Future Upside

The updated analyst price target for Zebra Technologies reflects a small downward adjustment in fair value to about $398, along with slightly lower assumptions for revenue growth, profit margins, and future P/E, as analysts weigh mixed target moves from firms that are raising and lowering their views on the stock. Analyst Commentary Recent Street research on Zebra Technologies reflects a mix of higher and lower price targets, but the bullish commentators are emphasizing the long term story, particularly the company’s role in industrial technology and automation end markets.
UMAC
US$13.81
Unusual Machines
7D
15.9%
1Y
65.0%

UMAC: Defense Order And XTI Partnership Will Support Future Upside

Analysts have maintained their $19.20 price target for Unusual Machines, citing only minor adjustments to inputs such as the discount rate, long term profit margin, and forward P/E assumptions, rather than any material change in their view of the company. What's in the News The U.S. Department of Commerce withdrew plans to restrict Chinese made drones, which affects the competitive setting for U.S. listed drone companies including Unusual Machines, AeroVironment and Ondas (Reuters).
LASR
US$54.70
nLIGHT
7D
4.6%
1Y
453.1%

LASR: Recent Price Hikes And Defense Expansion Will Shape Future Earnings Profile

The analyst fair value estimate for nLIGHT has increased from $50.00 to $55.00. Analysts attribute the change to updated assumptions about revenue growth, profit margins, and a revised future P/E outlook, reflecting their response to recent price target increases from multiple firms.
AEIS
US$329.24
Advanced Energy Industries
7D
4.8%
1Y
161.8%
RAL
US$42.11
Ralliant
7D
-4.6%
1Y
n/a

Grid Modernization And Defense Spending Will Support This Undervalued Supplier’s Long-Term Potential

Catalysts About Ralliant Ralliant provides test, measurement, sensor and safety systems used across defense, utilities, industrial manufacturing, electronics and semiconductor applications. What are the underlying business or industry changes driving this perspective?