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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies100
  • 7D9.1%
  • 3M19.3%
  • 1Y70.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 9.1%, driven by gains from Keysight Technologies of 13%. During this same period, the PowerFleet underperformed, falling 5.9%. This takes the industry's 12 month performance to a gain of 71%. 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
Tue, 14 Apr 2026US$172.3bUS$37.7bUS$1.6b33.1x105.1x4.6x
Thu, 12 Mar 2026US$163.2bUS$37.6bUS$1.7b30.3x94x4.3x
Sat, 07 Feb 2026US$147.8bUS$36.8bUS$1.5b30.2x98.8x4x
Mon, 05 Jan 2026US$159.9bUS$40.3bUS$3.1b29.1x51x4x
Wed, 03 Dec 2025US$157.1bUS$40.2bUS$3.1b28.1x50.2x3.9x
Fri, 31 Oct 2025US$161.4bUS$39.8bUS$2.6b26.6x62.6x4.1x
Sun, 28 Sep 2025US$161.3bUS$40.0bUS$2.6b26.6x63.2x4x
Tue, 26 Aug 2025US$159.4bUS$40.0bUS$2.6b25.7x62.5x4x
Thu, 24 Jul 2025US$158.8bUS$39.4bUS$4.0b26.5x39.9x4x
Sat, 21 Jun 2025US$142.3bUS$37.8bUS$3.6b25.5x39x3.8x
Mon, 19 May 2025US$142.2bUS$37.6bUS$3.5b24.7x40.6x3.8x
Wed, 16 Apr 2025US$118.7bUS$37.2bUS$3.5b20.8x33.6x3.2x
Fri, 14 Mar 2025US$130.6bUS$37.3bUS$3.6b21.9x36.6x3.5x
Sun, 09 Feb 2025US$149.1bUS$37.0bUS$3.4b25.6x44.5x4x
Tue, 07 Jan 2025US$144.6bUS$36.9bUS$3.4b26.2x42x3.9x
Thu, 05 Dec 2024US$149.4bUS$36.8bUS$3.4b29.6x43.9x4.1x
Sat, 02 Nov 2024US$135.0bUS$37.0bUS$3.8b28.4x35.9x3.6x
Mon, 30 Sep 2024US$135.4bUS$36.6bUS$3.5b26.7x38.4x3.7x
Wed, 28 Aug 2024US$132.4bUS$36.5bUS$3.7b24.3x36.2x3.6x
Fri, 26 Jul 2024US$132.5bUS$37.7bUS$2.2b26.5x59.4x3.5x
Sun, 23 Jun 2024US$126.5bUS$37.7bUS$2.2b24.7x56.5x3.4x
Tue, 21 May 2024US$132.7bUS$37.9bUS$2.4b28.2x55.2x3.5x
Thu, 18 Apr 2024US$124.0bUS$37.9bUS$2.3b27x55x3.3x
Sat, 16 Mar 2024US$127.5bUS$37.9bUS$2.2b26.6x57.2x3.4x
Mon, 12 Feb 2024US$125.2bUS$38.5bUS$2.3b25.5x53.3x3.3x
Wed, 10 Jan 2024US$131.0bUS$41.6bUS$2.3b25.6x56.4x3.1x
Fri, 08 Dec 2023US$122.4bUS$41.6bUS$2.3b23.4x52.6x2.9x
Sun, 05 Nov 2023US$114.1bUS$40.8bUS$2.1b19.7x53.9x2.8x
Tue, 03 Oct 2023US$122.5bUS$42.0bUS$2.4b20.7x51.5x2.9x
Thu, 31 Aug 2023US$130.6bUS$41.9bUS$2.4b23.3x55.4x3.1x
Sat, 29 Jul 2023US$133.9bUS$41.6bUS$2.2b23.4x60.3x3.2x
Mon, 26 Jun 2023US$128.1bUS$41.4bUS$2.2b23.7x58.2x3.1x
Wed, 24 May 2023US$127.6bUS$41.4bUS$2.2b23.5x58.6x3.1x
Fri, 21 Apr 2023US$123.0bUS$40.3bUS$2.5b25.4x49.6x3.1x
Price to Earnings Ratio

49.6x


Total Market Cap: US$123.0bTotal Earnings: US$2.5bTotal Revenue: US$40.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 53.2x202420252026
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 105x which is higher than its 3-year average PE of 53.2x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

US Market4.25%
Tech6.48%
Electronic Equipment and Components14.67%
Electronic Equipment and Instruments9.06%
Electronic Components17.45%
Electronic Manufacturing Services15.77%
Technology Distributors9.92%
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$331.1113.0%
+US$6.5b		142.8%PE57.9x
AEIS Advanced Energy IndustriesUS$378.9414.2%
+US$1.8b		326.4%PE95.8x
TDY Teledyne TechnologiesUS$655.993.8%
+US$1.1b		40.5%PE34x
CGNX CognexUS$54.399.8%
+US$813.4m		122.5%PE79.4x
ZBRA Zebra TechnologiesUS$226.097.1%
+US$724.0m		-2.5%PE26.1x

Latest News

VUZI
US$2.48
Vuzix
7D
-0.8%
1Y
50.3%
TDY
US$655.99
Teledyne Technologies
7D
3.8%
1Y
40.5%

Teledyne: Attractive Defense Backlog But Offset By Tepid Organic Guidance; Initiating At Hold

Apr 13
LASR
US$69.86
nLIGHT
7D
20.0%
1Y
853.1%
ZBRA
US$226.09
Zebra Technologies
7D
7.1%
1Y
-2.5%
ARLO
US$13.72
Arlo Technologies
7D
-1.1%
1Y
51.3%

ARLO: Share Repurchases Will Support Future Upside Over Multiyear Horizon

Analysts have kept their price target for Arlo Technologies steady at $21.50, with small tweaks to inputs like discount rate, revenue growth, profit margin, and forward P/E. These adjustments reflect refined views rather than a change in the overall valuation outlook.
AIOT
US$3.03
PowerFleet
7D
-5.9%
1Y
-36.6%

AIOT: South Africa Public Sector Contract Will Drive Bullish Reassessment

Analysts have kept their price target for PowerFleet steady at $13.00, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that together still point to the same fair value estimate. What's in the News PowerFleet updated its full-year 2026 earnings guidance, with revenue now expected to be in the range of US$440m to US$445m, compared with prior guidance of US$435m to US$445m (Corporate Guidance).
AEIS
US$378.94
Advanced Energy Industries
7D
14.2%
1Y
326.4%

AEIS: AI WFE Spending And Broader End Markets Will Shape Outlook

The updated analyst price target for Advanced Energy Industries has increased to $342.22 from $337.22. Analysts cite stronger expectations around wafer fab equipment spending, AI-related chip capacity build-outs, and a broader set of end markets as key drivers behind the change.
KEYS
US$331.11
Keysight Technologies
7D
13.0%
1Y
142.8%

KEYS: Future Returns Will Rely On Durable AI And Wireline Order Momentum

The analyst price target for Keysight Technologies has moved modestly higher to reflect a fair value estimate of about $306. Analysts point to stronger order momentum across AI, wireline, and aerospace and defense, along with updated revenue and earnings models following recent Q1 results.
SMRT
US$1.43
SmartRent
7D
-4.7%
1Y
95.9%

SMRT: Share Buybacks Will Support Future Upside As Losses Narrow

Analysts have modestly adjusted their SmartRent price target to $2.00 per share, reflecting updated views on fair value, discount rate, profit margin, and future P/E assumptions, while keeping revenue growth expectations steady. What's in the News SmartRent completed its share repurchase program announced on March 5, 2024, buying back a total of 20,250,000 shares, representing 10.22% of shares for $33.46 million (Key Developments).
POAS
US$1.86
Phaos Technology Holdings (Cayman)
7D
-9.3%
1Y
n/a
NOVT
US$128.62
Novanta
7D
10.0%
1Y
12.4%

NOVT: Future Earnings Power Will Rely On Accelerating Sales And Margins

Analysts have trimmed their fair value estimate for Novanta from $160 to $157, reflecting a slightly higher discount rate and a modestly lower future P/E assumption, while still pointing to expectations for improving sales and margins after recent model updates. Analyst Commentary Bullish Takeaways Bullish analysts see room for the shares to move toward their updated fair value range, supported by model revisions that assume improving sales trends and margin recovery after recent results.
CGNX
US$54.39
Cognex
7D
9.8%
1Y
122.5%

CGNX: Margin Discipline And Buybacks Will Support Premium Multiple In Industrial Recovery

Analyst price targets on Cognex have moved higher, with the updated fair value estimate holding at $65.50. Analysts point to margin improvement, cost initiatives, a recovering short cycle industrial group, and steadier segment trends as key supports for the new targets.
PRZO
US$0.74
ParaZero Technologies
7D
-8.5%
1Y
16.9%
SMX
US$6.04
SMX (Security Matters)
7D
-53.5%
1Y
-99.9%
MSAI
US$6.08
MultiSensor AI Holdings
7D
-39.4%
1Y
-82.7%
RAL
US$46.71
Ralliant
7D
11.3%
1Y
n/a