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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies101
  • 7D1.4%
  • 3M25.0%
  • 1Y23.0%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 1.5%, driven by gains from Cognex of 35%. Meanwhile, Itron actually underperformed within the industry, shrinking 15% in the last week. In the last 12 months, the industry was up 25%. 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
Wed, 18 Feb 2026US$159.8bUS$37.2bUS$1.4b31.9x110.3x4.3x
Fri, 16 Jan 2026US$148.4bUS$36.7bUS$2.9b32.1x51.7x4x
Sun, 14 Dec 2025US$161.6bUS$40.3bUS$3.1b29.3x51.7x4x
Tue, 11 Nov 2025US$156.7bUS$40.0bUS$2.8b29.8x55.1x3.9x
Thu, 09 Oct 2025US$161.0bUS$39.6bUS$2.6b28.2x60.8x4.1x
Sat, 06 Sep 2025US$158.3bUS$40.0bUS$2.5b26.2x62.3x4x
Mon, 04 Aug 2025US$154.9bUS$39.6bUS$3.9b24.9x39.5x3.9x
Wed, 02 Jul 2025US$154.4bUS$37.7bUS$3.6b26.8x42.7x4.1x
Fri, 30 May 2025US$139.2bUS$37.7bUS$3.6b26.1x38.7x3.7x
Sun, 27 Apr 2025US$124.7bUS$37.3bUS$3.6b22.4x35x3.3x
Tue, 25 Mar 2025US$134.3bUS$37.3bUS$3.6b25.4x37.2x3.6x
Thu, 20 Feb 2025US$146.2bUS$37.4bUS$3.6b27.7x40.7x3.9x
Sat, 18 Jan 2025US$146.6bUS$36.8bUS$3.5b25.8x42.2x4x
Mon, 16 Dec 2024US$147.7bUS$36.9bUS$3.4b26.9x43.2x4x
Wed, 13 Nov 2024US$147.6bUS$36.8bUS$3.7b25.8x39.6x4x
Fri, 11 Oct 2024US$136.7bUS$36.5bUS$3.5b29.3x38.8x3.7x
Sun, 08 Sep 2024US$124.1bUS$36.6bUS$3.5b24.4x35.2x3.4x
Tue, 06 Aug 2024US$121.8bUS$36.8bUS$2.1b25.1x57.9x3.3x
Thu, 04 Jul 2024US$126.8bUS$37.7bUS$2.2b25.4x57.1x3.4x
Sat, 01 Jun 2024US$128.2bUS$37.7bUS$2.2b27.2x57.3x3.4x
Mon, 29 Apr 2024US$127.0bUS$38.0bUS$2.3b27.3x56.4x3.3x
Wed, 27 Mar 2024US$130.4bUS$37.9bUS$2.2b27.1x58.3x3.4x
Fri, 23 Feb 2024US$124.9bUS$37.8bUS$2.2b26.2x57.3x3.3x
Sun, 21 Jan 2024US$130.2bUS$41.6bUS$2.3b25.7x56x3.1x
Tue, 19 Dec 2023US$133.2bUS$41.6bUS$2.3b27.8x57.2x3.2x
Thu, 16 Nov 2023US$116.8bUS$41.8bUS$2.4b21.5x49.2x2.8x
Sat, 14 Oct 2023US$117.0bUS$42.0bUS$2.4b20x49.2x2.8x
Mon, 11 Sep 2023US$125.3bUS$42.0bUS$2.4b20.5x52.6x3x
Wed, 09 Aug 2023US$131.8bUS$41.8bUS$2.5b23.6x52.3x3.2x
Fri, 07 Jul 2023US$132.3bUS$41.4bUS$2.2b23.9x61.3x3.2x
Sun, 04 Jun 2023US$131.3bUS$41.3bUS$2.2b24.7x60.2x3.2x
Tue, 02 May 2023US$122.2bUS$40.5bUS$2.5b24.9x49.7x3x
Thu, 30 Mar 2023US$125.2bUS$38.9bUS$2.2b25.9x55.8x3.2x
Sat, 25 Feb 2023US$125.5bUS$38.9bUS$2.3b28.4x55.5x3.2x
Price to Earnings Ratio

55.5x


Total Market Cap: US$125.5bTotal 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 50.9x202420252026
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 50.8x.
  • 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 15% 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-1.58%
Tech-2.59%
Electronic Equipment and Components1.16%
Electronic Equipment and Instruments1.42%
Electronic Manufacturing Services2.62%
Electronic Components1.67%
Technology Distributors-6.60%
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$57.0932.7%
+US$2.3b		69.7%PE82.7x
AEIS Advanced Energy IndustriesUS$314.1212.6%
+US$1.3b		147.9%PE79.4x
BMI Badger MeterUS$159.194.0%
+US$180.9m		-27.7%PE33.1x
RAL RalliantUS$44.503.4%
+US$164.7m		n/aPS2.4x
LPTH LightPath TechnologiesUS$11.181.5%
+US$58.6m		352.6%PS12.2x

Latest News

ITRI
US$96.43
Itron
7D
-3.4%
1Y
-1.5%
VNT
US$40.62
Vontier
7D
-4.6%
1Y
0.9%
CGNX
US$57.09
Cognex
7D
32.7%
1Y
69.7%
LASR
US$50.89
nLIGHT
7D
-3.8%
1Y
392.2%

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.
ZBRA
US$260.76
Zebra Technologies
7D
1.6%
1Y
-21.2%

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
BMI
US$159.19
Badger Meter
7D
4.0%
1Y
-27.7%
LPTH
US$11.18
LightPath Technologies
7D
1.5%
1Y
352.6%
NOVT
US$145.37
Novanta
7D
0.2%
1Y
1.0%
VPG
US$45.41
Vishay Precision Group
7D
-15.3%
1Y
71.4%
AEIS
US$314.12
Advanced Energy Industries
7D
12.6%
1Y
147.9%
MIR
US$21.99
Mirion Technologies
7D
-6.2%
1Y
34.3%
TDY
US$649.35
Teledyne Technologies
7D
-1.6%
1Y
30.7%

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.
DAKT
US$27.51
Daktronics
7D
4.1%
1Y
68.1%

DAKT: Expanded Buybacks And Incoming CEO Will Support Long-Term Upside

Analysts have made a modest adjustment to their price target on Daktronics, with the updated figure now at US$30.00. This reflects slightly lower assumptions for the discount rate and future P/E, while keeping the fair value essentially unchanged.
NSSC
US$44.13
Napco Security Technologies
7D
3.5%
1Y
74.4%

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$44.50
Ralliant
7D
3.4%
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?
POAS
US$0.89
Phaos Technology Holdings (Cayman)
7D
-85.6%
1Y
n/a