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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies103
  • 7D3.5%
  • 3M3.1%
  • 1Y7.5%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 3.5%, driven by gains from Keysight Technologies of 6.3%. In the last 12 months, the industry was up 7.5%. As for the next few years, earnings are expected to grow by 22% 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
Sat, 06 Dec 2025US$162.8bUS$40.2bUS$3.1b28.9x52x4x
Mon, 03 Nov 2025US$160.6bUS$39.8bUS$2.6b28.4x62.3x4x
Wed, 01 Oct 2025US$161.6bUS$40.0bUS$2.6b27.6x63.4x4x
Fri, 29 Aug 2025US$159.1bUS$40.0bUS$2.6b26x62.4x4x
Sun, 27 Jul 2025US$160.2bUS$39.5bUS$4.0b25.8x40x4.1x
Tue, 24 Jun 2025US$143.7bUS$37.8bUS$3.6b26x39.4x3.8x
Thu, 22 May 2025US$140.9bUS$37.7bUS$3.6b26.8x38.8x3.7x
Sat, 19 Apr 2025US$118.1bUS$37.2bUS$3.5b20.8x33.3x3.2x
Mon, 17 Mar 2025US$132.3bUS$37.3bUS$3.6b23x36.8x3.5x
Wed, 12 Feb 2025US$150.0bUS$37.0bUS$3.4b25.9x44.7x4.1x
Fri, 10 Jan 2025US$144.6bUS$36.8bUS$3.5b25.7x41.6x3.9x
Sun, 08 Dec 2024US$149.6bUS$36.9bUS$3.4b28.8x43.7x4.1x
Tue, 05 Nov 2024US$135.8bUS$36.8bUS$3.8b24x36.1x3.7x
Thu, 03 Oct 2024US$135.9bUS$36.5bUS$3.5b28.1x38.6x3.7x
Sat, 31 Aug 2024US$131.6bUS$36.5bUS$3.7b24.3x35.9x3.6x
Mon, 29 Jul 2024US$132.4bUS$36.9bUS$2.2b28.6x61.5x3.6x
Wed, 26 Jun 2024US$126.5bUS$37.7bUS$2.2b24.5x56.5x3.4x
Fri, 24 May 2024US$132.5bUS$37.7bUS$2.2b27.4x59.2x3.5x
Sun, 21 Apr 2024US$122.9bUS$37.9bUS$2.3b26.7x54.3x3.2x
Tue, 19 Mar 2024US$128.6bUS$37.9bUS$2.2b26.6x57.6x3.4x
Thu, 15 Feb 2024US$121.7bUS$38.5bUS$2.5b25.6x49.4x3.2x
Sat, 13 Jan 2024US$130.8bUS$41.6bUS$2.3b25.8x56.3x3.1x
Mon, 11 Dec 2023US$123.8bUS$41.6bUS$2.3b23.8x53.2x3x
Wed, 08 Nov 2023US$113.0bUS$40.8bUS$2.1b19.7x53.2x2.8x
Fri, 06 Oct 2023US$119.2bUS$42.0bUS$2.4b20.3x50.1x2.8x
Sun, 03 Sep 2023US$131.1bUS$41.9bUS$2.4b23.1x55.6x3.1x
Tue, 01 Aug 2023US$135.2bUS$41.6bUS$2.2b23.9x60.9x3.3x
Thu, 29 Jun 2023US$131.7bUS$41.4bUS$2.2b24.1x59.9x3.2x
Sat, 27 May 2023US$128.5bUS$41.4bUS$2.2b24.2x58.8x3.1x
Mon, 24 Apr 2023US$123.3bUS$40.3bUS$2.5b24.3x49.5x3.1x
Wed, 22 Mar 2023US$124.3bUS$39.0bUS$2.3b26x54.4x3.2x
Fri, 17 Feb 2023US$138.1bUS$40.3bUS$2.3b29.2x59.3x3.4x
Sun, 15 Jan 2023US$129.3bUS$38.4bUS$2.2b28.4x58.2x3.4x
Tue, 13 Dec 2022US$125.6bUS$38.4bUS$2.3b27.2x54.9x3.3x
Price to Earnings Ratio

54.9x


Total Market Cap: US$125.6bTotal Earnings: US$2.3bTotal 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 4.0x.
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 Market0.48%
Tech1.62%
Electronic Equipment and Components2.41%
Electronic Equipment and Instruments3.55%
Electronic Manufacturing Services3.94%
Technology Distributors1.72%
Electronic Components1.11%
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$210.496.3%
+US$2.1b		22.6%PE41.5x
TDY Teledyne TechnologiesUS$522.304.6%
+US$1.1b		10.3%PE30x
ZBRA Zebra TechnologiesUS$264.814.8%
+US$611.0m		-35.3%PE26.2x
TRMB TrimbleUS$83.522.6%
+US$499.6m		11.6%PE55.6x
AEIS Advanced Energy IndustriesUS$219.383.9%
+US$309.1m		86.8%PE56.8x

Latest News

AEIS
US$219.38
Advanced Energy Industries
7D
3.9%
1Y
86.8%
ITRI
US$97.87
Itron
7D
-1.2%
1Y
-15.6%
OUST
US$24.78
Ouster
7D
7.9%
1Y
138.5%

OUST: Defense Certification Will Drive Moat Expansion And Support Upside Potential

Analysts have nudged their price target on Ouster modestly higher to approximately $39.50 per share, citing accelerating revenue growth, a slightly higher discount rate, and the strengthening competitive moat from recent Department of Defense certification and an upgraded Overweight rating as key supports for the updated outlook. Analyst Commentary Analyst commentary around Ouster has turned more constructive following the recent Department of Defense certification, with upside revisions to ratings and price targets reflecting increased confidence in the company’s strategic positioning and growth trajectory.
KEYS
US$210.49
Keysight Technologies
7D
6.3%
1Y
22.6%
ZBRA
US$264.81
Zebra Technologies
7D
4.8%
1Y
-35.3%

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.
DAKT
US$17.51
Daktronics
7D
-7.5%
1Y
-10.2%
STAI
US$0.29
ScanTech AI Systems
7D
-31.6%
1Y
-97.4%
VNT
US$36.20
Vontier
7D
-0.2%
1Y
-6.3%

VNT: Future Earnings Power Will Be Driven By Expanding Share Repurchases

Analysts have made a modest downward revision to their price target on Vontier to approximately $46.50 from about $46.90, reflecting slightly lower fair value and future earnings multiple assumptions, while keeping revenue growth and profit margin expectations essentially unchanged. What's in the News Raised full year 2025 earnings guidance, projecting total sales of $3,028 million to $3,038 million and core sales growth of 2.0 to 2.5% (company guidance) Confirmed fourth quarter 2025 guidance, expecting total sales between $760 million and $770 million with core sales growth ranging from negative 1% to positive 1% (company guidance) Increased third quarter 2025 sales outlook, indicating sales should come in slightly above the midpoint of prior guidance (company guidance) Completed a major share repurchase tranche, buying 1,700,000 shares for $70.81 million between June 28 and October 30, 2025, and finishing a total buyback of 27,200,000 shares for $840.78 million under the 2021 authorization (buyback update) Showcasing new technology at the 2025 NACS Show in Chicago, including unified payment solutions, advanced remote and wetstock management tools, and the Konect 400kW EV charger to support a multi energy retail future (product announcement) Valuation Changes The fair value estimate has fallen slightly, moving from approximately $46.90 to about $46.50 per share.
MIR
US$25.02
Mirion Technologies
7D
-3.8%
1Y
38.1%
OSIS
US$266.00
OSI Systems
7D
-1.8%
1Y
46.7%

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.
RAL
US$51.10
Ralliant
7D
3.5%
1Y
n/a
TRMB
US$83.52
Trimble
7D
2.6%
1Y
11.6%

TRMB: Ongoing Software Transition Will Unlock Recurring Revenue And Margin Upside

Analysts have modestly lowered their fair value estimate for Trimble from $98.80 to $98.45. They cite improving profit margins and stronger expected revenue growth, even as the company undergoes a transition toward software solutions.
TDY
US$522.30
Teledyne Technologies
7D
4.6%
1Y
10.3%

TDY: Expanding Defense Backlog And Recovering Short-Cycle Businesses Will Drive Earnings Momentum

The analyst consensus price target for Teledyne Technologies was modestly reduced by $0.83 to $620.90, as analysts balanced ongoing growth in legacy and defense businesses with tempered near-term revenue and profit expectations. Analyst Commentary Recent analyst notes reflect a mixed yet constructive outlook for Teledyne Technologies following its latest quarterly results and updated guidance.
SNT
US$2.85
Senstar Technologies
7D
-26.7%
1Y
4.0%
REFR
US$1.62
Research Frontiers
7D
-14.3%
1Y
-12.9%
AEVA
US$14.70
Aeva Technologies
7D
31.8%
1Y
215.5%