Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies98
  • 7D-1.0%
  • 3M-5.3%
  • 1Y22.3%
  • YTDn/a

In the last week, the Electronic Equipment and Instruments industry is up 1.5%, with Keysight Technologies up 0.9%. This means that the industry has gained 27% over the past year. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026US$174.6bUS$40.2bUS$2.3b28.4x74.3x4.3x
Sun, 09 Aug 2026US$191.4bUS$39.7bUS$2.1b31.8x92.1x4.8x
Tue, 07 Jul 2026US$176.2bUS$38.8bUS$2.0b32.7x89x4.5x
Thu, 04 Jun 2026US$178.7bUS$38.8bUS$2.0b34.1x91.6x4.6x
Sat, 02 May 2026US$177.9bUS$37.8bUS$1.7b31x107.7x4.7x
Mon, 30 Mar 2026US$153.7bUS$37.7bUS$1.6b30x93.6x4.1x
Wed, 25 Feb 2026US$160.2bUS$37.5bUS$1.6b32.6x102.1x4.3x
Fri, 23 Jan 2026US$153.0bUS$36.8bUS$2.9b31.9x51.9x4.2x
Sun, 21 Dec 2025US$159.5bUS$40.3bUS$3.1b29.4x51x4x
Tue, 18 Nov 2025US$150.6bUS$40.1bUS$2.8b27.6x53.7x3.8x
Thu, 16 Oct 2025US$160.2bUS$39.6bUS$2.6b28x60.5x4.1x
Sat, 13 Sep 2025US$162.6bUS$40.0bUS$2.6b28.8x63.6x4.1x
Mon, 11 Aug 2025US$157.6bUS$39.9bUS$2.7b26.8x58.3x4x
Wed, 09 Jul 2025US$154.7bUS$37.7bUS$3.6b26.9x42.6x4.1x
Fri, 06 Jun 2025US$141.3bUS$37.7bUS$3.6b26.4x39.3x3.7x
Sun, 04 May 2025US$128.4bUS$37.6bUS$3.6b25.2x36x3.4x
Tue, 01 Apr 2025US$130.3bUS$37.2bUS$3.6b24.3x36.7x3.5x
Thu, 27 Feb 2025US$141.8bUS$37.5bUS$3.7b25.3x38.7x3.8x
Sat, 25 Jan 2025US$155.4bUS$37.0bUS$3.3b28.2x46.4x4.2x
Mon, 23 Dec 2024US$144.1bUS$36.9bUS$3.4b26.3x42.2x3.9x
Wed, 20 Nov 2024US$139.5bUS$36.9bUS$3.7b26.3x37.5x3.8x
Fri, 18 Oct 2024US$137.7bUS$36.5bUS$3.5b30.5x39x3.8x
Sun, 15 Sep 2024US$129.2bUS$36.6bUS$3.5b26.5x36.6x3.5x
Tue, 13 Aug 2024US$121.1bUS$36.7bUS$3.5b23.2x34.9x3.3x
Thu, 11 Jul 2024US$126.9bUS$37.7bUS$2.2b25.9x57.1x3.4x
Sat, 08 Jun 2024US$126.6bUS$37.7bUS$2.2b27.6x56.7x3.4x
Mon, 06 May 2024US$128.0bUS$37.9bUS$2.2b27.9x57.1x3.4x
Wed, 03 Apr 2024US$132.1bUS$37.9bUS$2.3b27.7x58.4x3.5x
Fri, 01 Mar 2024US$127.9bUS$37.9bUS$2.2b26.2x57.8x3.4x
Sun, 28 Jan 2024US$130.9bUS$41.7bUS$2.4b25.5x53.5x3.1x
Tue, 26 Dec 2023US$134.8bUS$41.6bUS$2.3b26.1x57.8x3.2x
Thu, 23 Nov 2023US$118.7bUS$41.8bUS$2.4b21.6x49.8x2.8x
Sat, 21 Oct 2023US$113.2bUS$42.0bUS$2.4b19.1x47.4x2.7x
Mon, 18 Sep 2023US$124.8bUS$42.0bUS$2.4b20.4x52.4x3x
Price to Earnings Ratio

52.4x


Total Market Cap: US$124.8bTotal Earnings: US$2.4bTotal Revenue: US$42.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 57.8x202420252026
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 75.2x which is higher than its 3-year average PE of 57.8x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Electronic Equipment and Instruments industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

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

US Market-2.20%
Tech-1.40%
Electronic Equipment and Components1.41%
Electronic Equipment and Instruments-1.05%
Electronic Components3.98%
Electronic Manufacturing Services-0.21%
Technology Distributors-2.80%
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$325.650.9%
+US$515.8m		88.9%PE43.3x
RAL RalliantUS$64.683.1%
+US$214.6m		50.7%PS3.3x
CGNX CognexUS$61.691.5%
+US$151.4m		37.2%PE59.4x
FEIM Frequency ElectronicsUS$62.063.6%
+US$23.8m		80.7%PS10.8x
CXT Crane NXTUS$50.370.8%
+US$21.9m		-18.7%PE20.7x

Latest News

LASR
US$39.29
nLIGHT
7D
-5.3%
1Y
34.7%
KEYS
US$325.65
Keysight Technologies
7D
0.9%
1Y
88.9%
ARBE
US$0.76
Arbe Robotics
7D
21.4%
1Y
-45.8%
ZBRA
US$344.01
Zebra Technologies
7D
-3.8%
1Y
8.9%
Narrative Update • Sep 07

ZBRA: AI And Data Center Tailwinds Will Test Execution And Supply Resilience

Analysts lifted the Zebra Technologies fair value estimate from $292.02 to $350.00. The change reflects updated views on Q2 results, broadening strength across key end markets, and refined assumptions for profit margins and future P/E levels cited in recent research.
ITRI
US$93.55
Itron
7D
-2.1%
1Y
-22.4%
TDY
US$596.50
Teledyne Technologies
7D
-1.9%
1Y
5.4%
FEIM
US$62.06
Frequency Electronics
7D
3.6%
1Y
80.7%
ZEPP
US$4.95
Zepp Health
7D
9.8%
1Y
-90.1%
MIR
US$15.84
Mirion Technologies
7D
-5.5%
1Y
-28.2%
RAL
US$64.68
Ralliant
7D
3.1%
1Y
50.7%
VNT
US$31.26
Vontier
7D
-5.3%
1Y
-27.7%
CXT
US$50.37
Crane NXT
7D
0.8%
1Y
-18.7%
NOVT
US$143.91
Novanta
7D
-2.3%
1Y
22.0%
Seeking Alpha • Aug 23

Novanta: A Strong Year So Far, Fully Priced In

Summary Novanta completed the Riverpoint Medical acquisition, enhancing recurring consumables and medical business growth prospects. Q2 sales rose 10% to $266M with 9% organic growth and adjusted EBITDA up 16%, reflecting strong operational performance. Forward guidance projects 2026 sales of $1.135B and adjusted earnings of $3.71 per share, with Riverpoint contributing $0.18-$0.25 EPS in 2027. Despite improved fundamentals and backlog, Novanta trades at a demanding 36-37x forward earnings, keeping risk-reward only modestly improved. Read the full article on Seeking Alpha
BMI
US$125.01
Badger Meter
7D
-8.1%
1Y
-31.0%
Narrative Update • Aug 23

BMI: Lawsuit Risks And Execution On 2026 Projects Will Shape Premium P/E

Badger Meter's updated fair value estimate has shifted to $122.63 from $116.80 as analysts factor in slightly higher long term revenue growth expectations, a modestly higher assumed future P/E multiple, and some compression in projected profit margins following recent price target revisions across the Street. Analyst Commentary Street research on Badger Meter is mixed, with recent notes clustering around the Q2 report and updated 2026 outlook.
CGNX
US$61.69
Cognex
7D
1.5%
1Y
37.2%
Narrative Update • Aug 21

CGNX: AI Vision Demand And Mixed Margin Outlook Will Shape Fair Prospects

Cognex's updated analyst price target framework reflects a modest fair value shift to about $65.87, with analysts pointing to a more supportive organic growth outlook, operating expense leverage and AI driven demand themes, balanced against pressure on profit margins and a higher assumed future P/E of about 43x. Analyst Commentary Recent research on Cognex shows a mixed backdrop.
VUZI
US$2.54
Vuzix
7D
4.1%
1Y
7.6%