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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies101
  • 7D3.4%
  • 3M23.7%
  • 1Y25.4%
  • YTDn/a

The Electronic Equipment and Instruments industry is up 3.4% in the last week, with Cognex up 39%. In the same time, Itron was down 14%. This takes the industry's 12 month performance to a gain of 25%. 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
Sun, 15 Feb 2026US$159.9bUS$37.2bUS$1.4b31.6x113.8x4.3x
Tue, 13 Jan 2026US$146.8bUS$36.7bUS$2.9b30.8x51.1x4x
Thu, 11 Dec 2025US$163.4bUS$40.2bUS$3.1b29.4x52.2x4.1x
Sat, 08 Nov 2025US$157.0bUS$40.0bUS$2.8b29.7x55.2x3.9x
Mon, 06 Oct 2025US$162.3bUS$39.6bUS$2.6b28.3x61.3x4.1x
Wed, 03 Sep 2025US$157.3bUS$40.0bUS$2.5b26.3x62x3.9x
Fri, 01 Aug 2025US$159.1bUS$39.5bUS$4.0b24.4x39.6x4x
Sun, 29 Jun 2025US$154.8bUS$37.7bUS$3.6b26.5x42.8x4.1x
Tue, 27 May 2025US$137.7bUS$37.7bUS$3.6b26.6x38x3.7x
Thu, 24 Apr 2025US$118.2bUS$37.3bUS$3.6b21.4x33.3x3.2x
Sat, 22 Mar 2025US$134.4bUS$37.3bUS$3.6b24.2x37.2x3.6x
Mon, 17 Feb 2025US$146.2bUS$37.4bUS$3.6b27.2x40.7x3.9x
Wed, 15 Jan 2025US$143.7bUS$36.8bUS$3.5b25.3x41.4x3.9x
Fri, 13 Dec 2024US$148.9bUS$36.9bUS$3.4b27x43.5x4x
Sun, 10 Nov 2024US$147.7bUS$36.8bUS$3.7b26.4x39.7x4x
Tue, 08 Oct 2024US$135.1bUS$36.5bUS$3.5b29.1x38.3x3.7x
Thu, 05 Sep 2024US$127.1bUS$36.5bUS$3.6b23.7x35x3.5x
Sat, 03 Aug 2024US$126.9bUS$36.9bUS$2.1b25.7x59.6x3.4x
Mon, 01 Jul 2024US$126.5bUS$37.7bUS$2.2b25.6x56.9x3.4x
Wed, 29 May 2024US$131.5bUS$37.7bUS$2.2b28.1x58.7x3.5x
Fri, 26 Apr 2024US$125.5bUS$38.0bUS$2.3b27x55.8x3.3x
Sun, 24 Mar 2024US$130.9bUS$37.9bUS$2.2b27.1x58.5x3.5x
Tue, 20 Feb 2024US$127.8bUS$37.9bUS$2.3b25.7x56.3x3.4x
Thu, 18 Jan 2024US$127.7bUS$41.6bUS$2.3b25.3x54.9x3.1x
Sat, 16 Dec 2023US$133.2bUS$41.6bUS$2.3b27.9x57.2x3.2x
Mon, 13 Nov 2023US$112.7bUS$41.8bUS$2.4b20.8x47.5x2.7x
Wed, 11 Oct 2023US$121.3bUS$42.0bUS$2.4b20.8x51x2.9x
Fri, 08 Sep 2023US$126.6bUS$42.0bUS$2.4b20.8x53.2x3x
Sun, 06 Aug 2023US$132.7bUS$41.8bUS$2.5b23.5x52.7x3.2x
Tue, 04 Jul 2023US$134.9bUS$41.4bUS$2.2b24.5x62.5x3.3x
Thu, 01 Jun 2023US$128.6bUS$41.3bUS$2.2b24.1x58.9x3.1x
Sat, 29 Apr 2023US$121.6bUS$40.5bUS$2.5b24.4x49.5x3x
Mon, 27 Mar 2023US$123.4bUS$38.9bUS$2.2b25.5x55x3.2x
Wed, 22 Feb 2023US$131.5bUS$38.7bUS$2.2b29.2x58.9x3.4x
Price to Earnings Ratio

58.9x


Total Market Cap: US$131.5bTotal Earnings: US$2.2bTotal Revenue: US$38.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.7x202420252026
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 114x which is higher than its 3-year average PE of 50.7x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.3x.
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-1.34%
Tech-1.56%
Electronic Equipment and Components4.03%
Electronic Equipment and Instruments3.44%
Electronic Components6.27%
Electronic Manufacturing Services3.56%
Technology Distributors-5.78%
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
CGNX CognexUS$58.7938.8%
+US$2.6b		77.1%PE85.1x
AEIS Advanced Energy IndustriesUS$314.2715.0%
+US$1.5b		152.9%PE79.5x
TDY Teledyne TechnologiesUS$660.292.0%
+US$597.7m		34.8%PE34.6x
RAL RalliantUS$44.1311.7%
+US$520.0m		n/aPS2.4x
KEYS Keysight TechnologiesUS$233.511.1%
+US$439.1m		27.3%PE46.1x

Latest News

ZBRA
US$264.62
Zebra Technologies
7D
5.3%
1Y
-16.9%

Earnings Miss: Zebra Technologies Corporation Missed EPS By 19% And Analysts Are Revising Their Forecasts

Feb 15
Earnings Miss: Zebra Technologies Corporation Missed EPS By 19% And Analysts Are Revising Their Forecasts
VNT
US$41.79
Vontier
7D
-0.7%
1Y
6.4%

Vontier Corporation (NYSE:VNT) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 15
Vontier Corporation (NYSE:VNT) Analysts Are Pretty Bullish On The Stock After Recent Results
CXT
US$52.76
Crane NXT
7D
-5.9%
1Y
-11.8%
CGNX
US$58.79
Cognex
7D
38.8%
1Y
77.1%
BMI
US$154.88
Badger Meter
7D
2.4%
1Y
-28.7%
FEIM
US$46.72
Frequency Electronics
7D
-10.5%
1Y
167.4%

Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding

Feb 13
Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding
AIOT
US$3.89
PowerFleet
7D
-19.6%
1Y
-52.0%

AIOT: South Africa Public Sector Rollout Will Drive Reassessment

Narrative update on PowerFleet The analyst price target for PowerFleet has shifted from $15.00 to $13.00 as analysts factor in updated assumptions on growth, margins, discount rate and a higher future P/E multiple. They also point to recent recognition as a 2026 Top Pick and inclusion on best ideas lists as support for the company’s execution and positioning.
NOVT
US$146.39
Novanta
7D
3.5%
1Y
2.2%
VPG
US$44.20
Vishay Precision Group
7D
-21.0%
1Y
76.7%
AEIS
US$314.27
Advanced Energy Industries
7D
15.0%
1Y
152.9%
ITRI
US$89.36
Itron
7D
-14.1%
1Y
-7.9%

ITRI: Grid Edge Partnerships Will Support Long-Duration Utility IoT Cash Flows

Analysts have trimmed their price expectations for Itron, with the average target moving from about US$140 to roughly US$137, reflecting slightly lower fair value and P/E assumptions while still citing supportive research updates and recent target revisions. Analyst Commentary Bullish Takeaways Bullish analysts continue to carry Buy ratings even after trimming price targets, which signals ongoing confidence in Itron’s long term execution and earnings potential at current valuation levels.
TDY
US$660.29
Teledyne Technologies
7D
2.0%
1Y
34.8%

TDY: Aerospace And Industrial Demand Will Support Balanced Future Premium Multiple

Analysts have nudged their price targets higher on Teledyne Technologies, reflecting a modest uplift in fair value to about $674 from about $666. This adjustment is backed by slightly lower discount rate assumptions, steady revenue growth and profit margin expectations, and a small increase in projected future P/E multiples after a series of recent target raises across major firms.
KEYS
US$233.51
Keysight Technologies
7D
1.1%
1Y
27.3%

KEYS: Future Returns Will Rely On AI Demand And Wireless Cycle Stabilization

Narrative update on Keysight Technologies The analyst price target for Keysight Technologies has edged up to about $221, with analysts pointing to recent revenue and margin performance, upbeat EPS guidance, and signs of stabilization in wireless and defense demand as support for this modest adjustment. Analyst Commentary Recent Street research around Keysight Technologies has focused on earnings delivery, margin performance, and signs of demand stabilization, with several analysts adjusting their price targets in response.
RAL
US$44.13
Ralliant
7D
11.7%
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?
ARLO
US$11.42
Arlo Technologies
7D
-7.9%
1Y
-1.5%
POAS
US$1.06
Phaos Technology Holdings (Cayman)
7D
-82.4%
1Y
n/a