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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies102
  • 7D-2.4%
  • 3M12.1%
  • 1Y36.7%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 2.4%, driven by a pullback from Mirion Technologies of 13%. Over the past 12 months, the industry was up 37%. 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, 17 Mar 2026US$157.8bUS$37.6bUS$1.7b32x91.3x4.2x
Thu, 12 Feb 2026US$158.6bUS$36.9bUS$1.5b30.2x104.8x4.3x
Sat, 10 Jan 2026US$144.6bUS$36.7bUS$2.9b31.3x50.3x3.9x
Mon, 08 Dec 2025US$163.3bUS$40.2bUS$3.1b28.9x52.2x4.1x
Wed, 05 Nov 2025US$161.1bUS$39.8bUS$2.6b29.4x62.4x4x
Fri, 03 Oct 2025US$159.9bUS$39.6bUS$2.6b27.5x60.4x4x
Sun, 31 Aug 2025US$157.4bUS$40.0bUS$2.5b26.3x62x3.9x
Tue, 29 Jul 2025US$160.2bUS$39.5bUS$4.0b25.8x40x4.1x
Thu, 26 Jun 2025US$146.6bUS$37.7bUS$3.6b25.9x40.3x3.9x
Sat, 24 May 2025US$138.6bUS$37.7bUS$3.6b26.6x38.2x3.7x
Mon, 21 Apr 2025US$118.0bUS$37.2bUS$3.5b20.8x33.3x3.2x
Wed, 19 Mar 2025US$134.4bUS$37.3bUS$3.6b24.1x37.4x3.6x
Fri, 14 Feb 2025US$147.8bUS$37.5bUS$3.6b27.4x41.2x3.9x
Sun, 12 Jan 2025US$141.3bUS$36.8bUS$3.5b25x40.7x3.8x
Tue, 10 Dec 2024US$149.6bUS$36.9bUS$3.4b27.8x43.7x4.1x
Thu, 07 Nov 2024US$136.9bUS$36.8bUS$3.7b26x36.5x3.7x
Sat, 05 Oct 2024US$133.6bUS$36.5bUS$3.5b28.2x37.9x3.7x
Mon, 02 Sep 2024US$132.6bUS$36.5bUS$3.6b24.3x36.4x3.6x
Wed, 31 Jul 2024US$132.0bUS$36.9bUS$2.2b29.1x61.3x3.6x
Fri, 28 Jun 2024US$125.4bUS$37.7bUS$2.2b24.7x56.4x3.3x
Sun, 26 May 2024US$131.5bUS$37.7bUS$2.2b27.9x58.7x3.5x
Tue, 23 Apr 2024US$122.9bUS$37.9bUS$2.3b26.7x54.3x3.2x
Thu, 21 Mar 2024US$128.6bUS$37.9bUS$2.2b26.8x57.4x3.4x
Sat, 17 Feb 2024US$128.2bUS$37.9bUS$2.3b25.7x56.5x3.4x
Mon, 15 Jan 2024US$130.8bUS$41.6bUS$2.3b25.8x56.3x3.1x
Wed, 13 Dec 2023US$126.1bUS$41.6bUS$2.3b24.7x54.2x3x
Fri, 10 Nov 2023US$112.6bUS$41.7bUS$2.3b20.4x48.7x2.7x
Sun, 08 Oct 2023US$120.2bUS$42.0bUS$2.4b20.6x50.5x2.9x
Tue, 05 Sep 2023US$131.1bUS$41.9bUS$2.4b23.1x55.6x3.1x
Thu, 03 Aug 2023US$133.3bUS$41.7bUS$2.6b23.4x52.1x3.2x
Sat, 01 Jul 2023US$135.1bUS$41.4bUS$2.2b24.5x61.4x3.3x
Mon, 29 May 2023US$128.5bUS$41.4bUS$2.2b24.2x58.8x3.1x
Wed, 26 Apr 2023US$119.9bUS$40.3bUS$2.5b23.9x48.2x3x
Fri, 24 Mar 2023US$122.7bUS$38.9bUS$2.3b25.4x54.3x3.2x
Price to Earnings Ratio

54.3x


Total Market Cap: US$122.7bTotal 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 52.1x202420252026
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 91.3x which is higher than its 3-year average PE of 52.1x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 8.5% 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-2.40%
Tech-2.42%
Electronic Equipment and Components-1.64%
Electronic Equipment and Instruments-2.38%
Electronic Components-1.06%
Electronic Manufacturing Services-1.92%
Technology Distributors-2.37%
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$285.941.4%
+US$672.3m		85.4%PE50x
LASR nLIGHTUS$68.5012.3%
+US$418.4m		644.6%PS14.6x
AEIS Advanced Energy IndustriesUS$308.311.1%
+US$124.2m		187.1%PE78x
UMAC Unusual MachinesUS$18.617.7%
+US$71.2m		134.1%PS64.6x
BMI Badger MeterUS$151.861.6%
+US$67.7m		-24.0%PE31.3x

Latest News

KEYS
US$285.94
Keysight Technologies
7D
1.4%
1Y
85.4%
UMAC
US$18.61
Unusual Machines
7D
7.7%
1Y
134.1%
BMI
US$151.86
Badger Meter
7D
1.6%
1Y
-24.0%
OUST
US$21.30
Ouster
7D
3.6%
1Y
150.3%
CXT
US$42.02
Crane NXT
7D
-7.8%
1Y
-24.1%
AEVA
US$15.55
Aeva Technologies
7D
5.4%
1Y
455.4%
ITRI
US$91.28
Itron
7D
-5.1%
1Y
-14.3%

ITRI: Grid Modernization Cycle Will Support Long Duration Utility IoT Cash Flows

Our updated Itron fair value estimate edges down from $138.22 to $136.80, as analysts balance new Buy and Outperform ratings with mixed price target revisions and more cautious assumptions for revenue growth, margins, and future price-to-earnings multiples. Analyst Commentary Recent Street research on Itron highlights a mix of optimism around its core smart metering position and grid modernization exposure, alongside some caution around growth assumptions and earnings durability.
AEIS
US$308.31
Advanced Energy Industries
7D
1.1%
1Y
187.1%

AEIS: Broader Industrial And AI Wafer Fab Demand Will Shape Balanced Outlook

The analyst price target for Advanced Energy Industries has been raised from $326.11 to $331.11, with analysts pointing to stronger momentum in data centers, aerospace and defense, and a wider set of industrial end markets as key supports for the update. Analyst Commentary Recent Street research on Advanced Energy Industries points to a cluster of price target increases and a shift in ratings that many readers will see as supportive for the stock's current valuation case.
TDY
US$645.66
Teledyne Technologies
7D
-1.3%
1Y
29.8%

TDY: Space And Defense Programs Will Support Balanced Medium Term Premium Multiple

Analysts have nudged their Teledyne Technologies fair value estimate higher from about $686.15 to around $699.62, reflecting updated price targets after Q4 results, updated 2026 and 2027 assumptions, and model revisions following the latest annual filing reviews. Analyst Commentary Recent Street research on Teledyne Technologies has centered on updated models after Q4 results, new 2026 guidance, and refreshed long term assumptions out to 2027.
LASR
US$68.50
nLIGHT
7D
12.3%
1Y
644.6%
MIR
US$18.55
Mirion Technologies
7D
-13.4%
1Y
25.7%

MIR: 2026 Guidance And Margin Assumptions Will Support Constructive Long Term Upside Potential

Analysts have made a modest adjustment to their price target for Mirion Technologies, keeping fair value at $29.30 while slightly refining inputs such as the discount rate, revenue growth and profit margin expectations to reflect updated assumptions. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a time frame for management's current planning assumptions (Key Developments).
NOVT
US$118.01
Novanta
7D
-7.3%
1Y
-14.5%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their fair value estimate for Novanta to $160 from $154, supported by updated models that reflect expectations for accelerating sales and margins following recent Q4 results and a higher Street price target of $150 from $138. Analyst Commentary Recent commentary points to a more constructive view on Novanta following its Q4 results, with updated models feeding into a higher fair value framework and a Street price target of $150.
VNT
US$36.30
Vontier
7D
-6.0%
1Y
8.6%

VNT: Future Earnings Power Will Rely On EV Charging And Share Repurchases

Analysts have nudged their Vontier price target slightly higher to $49.00. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that modestly refine their outlook on the shares.
ZBRA
US$203.97
Zebra Technologies
7D
-4.6%
1Y
-28.5%

ZBRA: Industrial Automation And AI Adoption Will Support Post 2025 Margin Recovery

The updated analyst price target for Zebra Technologies moves slightly lower to $336, as analysts balance modest tweaks to growth, margin and P/E assumptions with mixed recent Street targets that range from $323 to $368. Analyst Commentary Recent research on Zebra Technologies presents a split picture, with some firms lifting price targets and others trimming them.
RAL
US$42.79
Ralliant
7D
-4.8%
1Y
n/a
TROO
US$2.97
TROOPS
7D
8.0%
1Y
195.5%