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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies102
  • 7D-2.5%
  • 3M16.6%
  • 1Y37.5%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has remained flat, although notably Teledyne Technologies declined by 3.3%. As for the the longer term, the industry is up 41% over the past 12 months. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026US$161.8bUS$37.7bUS$1.8b32x92.1x4.3x
Sat, 14 Feb 2026US$158.5bUS$37.2bUS$1.4b31.6x112.8x4.3x
Mon, 12 Jan 2026US$146.3bUS$36.7bUS$2.9b31.3x50.9x4x
Wed, 10 Dec 2025US$162.4bUS$40.2bUS$3.1b29.2x51.9x4x
Fri, 07 Nov 2025US$160.4bUS$40.0bUS$2.8b29x56.7x4x
Sun, 05 Oct 2025US$162.3bUS$39.6bUS$2.6b28.3x61.3x4.1x
Tue, 02 Sep 2025US$157.4bUS$40.0bUS$2.5b26.3x62x3.9x
Thu, 31 Jul 2025US$159.1bUS$39.5bUS$4.0b26x39.7x4x
Sat, 28 Jun 2025US$154.6bUS$37.7bUS$3.6b26.5x42.8x4.1x
Mon, 26 May 2025US$137.7bUS$37.7bUS$3.6b26.6x38x3.7x
Wed, 23 Apr 2025US$115.4bUS$37.2bUS$3.5b20.9x32.6x3.1x
Fri, 21 Mar 2025US$135.4bUS$37.3bUS$3.6b24.7x37.6x3.6x
Sun, 16 Feb 2025US$146.2bUS$37.4bUS$3.6b27.2x40.7x3.9x
Tue, 14 Jan 2025US$141.3bUS$36.8bUS$3.5b25x40.7x3.8x
Thu, 12 Dec 2024US$148.7bUS$36.9bUS$3.4b27.9x43.5x4x
Sat, 09 Nov 2024US$146.7bUS$36.8bUS$3.7b26.4x39.4x4x
Mon, 07 Oct 2024US$135.1bUS$36.5bUS$3.5b28.2x38.3x3.7x
Wed, 04 Sep 2024US$132.6bUS$36.5bUS$3.6b23.6x36.4x3.6x
Fri, 02 Aug 2024US$133.0bUS$36.8bUS$2.1b29.2x63.7x3.6x
Sun, 30 Jun 2024US$126.5bUS$37.7bUS$2.2b24.4x56.9x3.4x
Tue, 28 May 2024US$131.5bUS$37.7bUS$2.2b27.9x58.7x3.5x
Thu, 25 Apr 2024US$126.4bUS$37.9bUS$2.2b26.9x56.4x3.3x
Sat, 23 Mar 2024US$130.9bUS$37.9bUS$2.2b27.1x58.4x3.5x
Mon, 19 Feb 2024US$127.8bUS$37.9bUS$2.3b25.7x56.3x3.4x
Wed, 17 Jan 2024US$130.8bUS$41.6bUS$2.3b25.7x56.3x3.1x
Fri, 15 Dec 2023US$128.5bUS$41.6bUS$2.3b28.1x55.2x3.1x
Sun, 12 Nov 2023US$112.6bUS$41.8bUS$2.4b20.8x47.6x2.7x
Tue, 10 Oct 2023US$120.5bUS$42.0bUS$2.4b20.6x50.7x2.9x
Thu, 07 Sep 2023US$128.6bUS$42.0bUS$2.4b21.3x54x3.1x
Sat, 05 Aug 2023US$132.6bUS$41.8bUS$2.5b23.4x52.7x3.2x
Mon, 03 Jul 2023US$135.1bUS$41.4bUS$2.2b24.5x61.4x3.3x
Wed, 31 May 2023US$129.2bUS$41.4bUS$2.2b24.3x59.2x3.1x
Fri, 28 Apr 2023US$120.4bUS$40.3bUS$2.5b23.5x48.4x3x
Sun, 26 Mar 2023US$123.3bUS$38.9bUS$2.2b25.5x54.9x3.2x
Price to Earnings Ratio

54.9x


Total Market Cap: US$123.3bTotal 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 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 91.5x 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 4.3x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 7.9% 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-2.19%
Tech-2.52%
Electronic Equipment and Components-2.51%
Electronic Equipment and Instruments-2.49%
Electronic Manufacturing Services-2.15%
Electronic Components-2.62%
Technology Distributors-2.90%
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
AEIS Advanced Energy IndustriesUS$319.631.5%
+US$180.8m		200.8%PE80.8x
LASR nLIGHTUS$68.543.1%
+US$114.4m		666.7%PS14.6x
LPTH LightPath TechnologiesUS$11.677.2%
+US$45.0m		416.4%PS12.8x
UMAC Unusual MachinesUS$20.111.4%
+US$32.9m		180.5%PS69.8x
BMI Badger MeterUS$147.890.7%
+US$30.6m		-26.8%PE30.5x

Latest News

LIDR
US$1.87
AEye
7D
14.7%
1Y
181.9%
UMAC
US$20.11
Unusual Machines
7D
1.4%
1Y
180.5%
AEIS
US$319.63
Advanced Energy Industries
7D
1.5%
1Y
200.8%
TDY
US$633.87
Teledyne Technologies
7D
-3.3%
1Y
26.6%
LASR
US$68.54
nLIGHT
7D
3.1%
1Y
666.7%

LASR: Directed Energy Defense Expansion And Vertical Integration Will Shape Future Earnings

The analyst fair value estimate for nLIGHT has increased from $55.00 to about $92.63, as analysts highlight rising price targets tied to market tailwinds in directed energy, the company's vertical integration, and recent revenue and margin trends. Analyst Commentary Recent research points to a cluster of bullish analysts lifting fair value assumptions and price targets for nLIGHT, reflecting confidence in the company’s execution in directed energy and related defense applications.
BMI
US$147.89
Badger Meter
7D
0.7%
1Y
-26.8%
OUST
US$20.74
Ouster
7D
-16.2%
1Y
149.9%
ARLO
US$14.19
Arlo Technologies
7D
1.3%
1Y
30.5%
CXT
US$41.37
Crane NXT
7D
-6.4%
1Y
-25.2%
MIR
US$19.44
Mirion Technologies
7D
-10.0%
1Y
29.8%

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).
LPTH
US$11.67
LightPath Technologies
7D
7.2%
1Y
416.4%

LPTH: Drone Supply Chain Inroads Will Test New Higher Multiple

Narrative Update on LightPath Technologies Our analyst price target for LightPath Technologies has been revised from $10.00 to $14.00. This revision reflects updated Street research, in which analysts cite recent price target increases and new coverage as support for their views on the company.
NOVT
US$119.33
Novanta
7D
-5.5%
1Y
-12.7%

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$35.55
Vontier
7D
-5.8%
1Y
3.6%

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$207.51
Zebra Technologies
7D
-2.9%
1Y
-27.4%

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$42.66
Ralliant
7D
-6.8%
1Y
n/a
MVIS
US$0.61
MicroVision
7D
8.7%
1Y
-55.5%