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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies101
  • 7D1.7%
  • 3M25.4%
  • 1Y25.3%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 1.7%, driven by gains from Keysight Technologies of 4.4%. In the same time, Zebra Technologies was down 8.2%. This means that the industry has gained 25% over the past year. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Instruments Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026US$160.6bUS$37.2bUS$1.5b32.1x110.2x4.3x
Mon, 19 Jan 2026US$150.9bUS$36.7bUS$2.9b31.8x52.5x4.1x
Wed, 17 Dec 2025US$160.2bUS$40.3bUS$3.1b29.2x51.3x4x
Fri, 14 Nov 2025US$157.4bUS$40.1bUS$2.9b27.9x55x3.9x
Sun, 12 Oct 2025US$153.4bUS$39.6bUS$2.6b26.4x58x3.9x
Tue, 09 Sep 2025US$159.5bUS$40.0bUS$2.5b26x62.8x4x
Thu, 07 Aug 2025US$155.7bUS$39.8bUS$2.7b26.2x58x3.9x
Sat, 05 Jul 2025US$157.1bUS$37.7bUS$3.6b27.1x43.5x4.2x
Mon, 02 Jun 2025US$139.1bUS$37.7bUS$3.6b26x38.7x3.7x
Wed, 30 Apr 2025US$123.1bUS$37.4bUS$3.5b24.6x34.7x3.3x
Fri, 28 Mar 2025US$135.0bUS$37.3bUS$3.6b24.9x37.9x3.6x
Sun, 23 Feb 2025US$142.0bUS$37.5bUS$3.6b26.6x39.3x3.8x
Tue, 21 Jan 2025US$148.1bUS$36.8bUS$3.5b25.8x42.7x4x
Thu, 19 Dec 2024US$147.2bUS$36.9bUS$3.4b26.5x43.1x4x
Sat, 16 Nov 2024US$142.1bUS$36.9bUS$3.7b26.1x38.3x3.9x
Mon, 14 Oct 2024US$138.0bUS$36.5bUS$3.5b29.3x39.2x3.8x
Wed, 11 Sep 2024US$125.1bUS$36.6bUS$3.5b25.3x35.5x3.4x
Fri, 09 Aug 2024US$118.2bUS$36.7bUS$3.4b23.8x35.1x3.2x
Sun, 07 Jul 2024US$126.5bUS$37.7bUS$2.2b25.3x56.9x3.4x
Tue, 04 Jun 2024US$128.4bUS$37.7bUS$2.2b27.5x57.3x3.4x
Thu, 02 May 2024US$127.2bUS$37.8bUS$2.2b27.3x57x3.4x
Sat, 30 Mar 2024US$133.4bUS$37.9bUS$2.2b27.4x59.6x3.5x
Mon, 26 Feb 2024US$127.0bUS$37.8bUS$2.2b26.2x58x3.4x
Wed, 24 Jan 2024US$132.9bUS$41.6bUS$2.3b26.1x57.1x3.2x
Fri, 22 Dec 2023US$131.8bUS$41.6bUS$2.3b25.9x56.5x3.2x
Sun, 19 Nov 2023US$117.1bUS$41.8bUS$2.4b21.6x49.2x2.8x
Tue, 17 Oct 2023US$119.0bUS$42.0bUS$2.4b20.3x50x2.8x
Thu, 14 Sep 2023US$123.9bUS$42.0bUS$2.4b20.2x52.2x3x
Sat, 12 Aug 2023US$132.1bUS$41.9bUS$2.4b23.4x55.2x3.2x
Mon, 10 Jul 2023US$132.8bUS$41.4bUS$2.2b23.8x61.5x3.2x
Wed, 07 Jun 2023US$130.3bUS$41.3bUS$2.2b24.6x59.7x3.2x
Fri, 05 May 2023US$120.7bUS$40.4bUS$2.2b24.3x56x3x
Sun, 02 Apr 2023US$129.6bUS$40.2bUS$2.5b26.8x51.5x3.2x
Tue, 28 Feb 2023US$126.4bUS$38.9bUS$2.2b28.4x56.2x3.3x
Price to Earnings Ratio

56.2x


Total Market Cap: US$126.4bTotal Earnings: US$2.2bTotal Revenue: US$38.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 51x202420252026
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 110x which is higher than its 3-year average PE of 51.0x.
  • 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 13% 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 Market0.64%
Tech0.58%
Electronic Equipment and Components2.63%
Electronic Equipment and Instruments1.68%
Electronic Manufacturing Services3.60%
Electronic Components3.05%
Technology Distributors-0.17%
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$243.544.3%
+US$1.7b		38.8%PE48.1x
AEIS Advanced Energy IndustriesUS$331.235.4%
+US$642.0m		161.8%PE83.8x
ITRI ItronUS$99.5411.4%
+US$464.9m		6.0%PE14.9x
OSIS OSI SystemsUS$292.899.0%
+US$400.0m		44.8%PE31.5x
TDY Teledyne TechnologiesUS$668.721.3%
+US$395.8m		36.2%PE35.1x

Latest News

VNT
US$40.96
Vontier
7D
-2.0%
1Y
8.6%
ITRI
US$99.54
Itron
7D
11.4%
1Y
6.0%
OSIS
US$292.89
OSI Systems
7D
9.0%
1Y
44.8%
KEYS
US$243.54
Keysight Technologies
7D
4.3%
1Y
38.8%
BMI
US$159.37
Badger Meter
7D
2.9%
1Y
-24.2%
TDY
US$668.72
Teledyne Technologies
7D
1.3%
1Y
36.2%
CGNX
US$56.03
Cognex
7D
-4.7%
1Y
70.9%

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

Feb 19
We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings
CXT
US$52.10
Crane NXT
7D
-1.3%
1Y
-10.4%
ZBRA
US$255.41
Zebra Technologies
7D
-3.5%
1Y
-17.9%

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.
LASR
US$56.01
nLIGHT
7D
7.1%
1Y
458.4%

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$331.23
Advanced Energy Industries
7D
5.4%
1Y
161.8%
EVLV
US$5.03
Evolv Technologies Holdings
7D
-11.4%
1Y
40.1%
MIR
US$21.28
Mirion Technologies
7D
-5.5%
1Y
34.5%
AEVA
US$12.54
Aeva Technologies
7D
-7.7%
1Y
220.7%
NSSC
US$45.86
Napco Security Technologies
7D
3.9%
1Y
85.2%

NSSC: Higher Margins And Dividend Growth Will Support Earnings Durability

Analysts have lifted their fair value estimate for Napco Security Technologies from $50.00 to $52.00, reflecting updated assumptions that include a revised discount rate, adjustments to revenue growth expectations, a higher profit margin forecast, and a slightly higher future P/E multiple. What's in the News Board declared a quarterly dividend of $0.15 per share, a 7% increase from the prior quarter, payable on April 3, 2026 to shareholders of record on March 12, 2026 (Key Developments).
RAL
US$43.68
Ralliant
7D
-1.0%
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?