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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies99
  • 7D4.4%
  • 3M6.4%
  • 1Y14.9%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 4.4%, driven by gains from Advanced Energy Industries of 22%. Meanwhile, Evolv Technologies Holdings actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 23% 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
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
Mon, 23 Jan 2023US$129.4bUS$38.4bUS$2.2b28.6x58.2x3.4x
Price to Earnings Ratio

58.2x


Total Market Cap: US$129.4bTotal Earnings: US$2.2bTotal Revenue: US$38.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Electronic Equipment and Instruments industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 50.5x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have grown 8.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

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

US Market0.31%
Tech-0.0033%
Electronic Equipment and Components9.20%
Electronic Equipment and Instruments4.42%
Electronic Components11.92%
Electronic Manufacturing Services11.34%
Technology Distributors1.52%
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$257.2921.9%
+US$1.7b		115.0%PE66.6x
KEYS Keysight TechnologiesUS$214.503.8%
+US$1.3b		29.9%PE42.4x
TDY Teledyne TechnologiesUS$569.723.8%
+US$977.1m		20.7%PE32.7x
MIR Mirion TechnologiesUS$27.0011.3%
+US$627.7m		66.1%PE233.4x
CGNX CognexUS$40.597.6%
+US$477.5m		3.1%PE61.8x

Latest News

RAL
US$53.91
Ralliant
7D
5.3%
1Y
n/a
KEYS
US$214.50
Keysight Technologies
7D
3.8%
1Y
29.9%
AEIS
US$257.29
Advanced Energy Industries
7D
21.9%
1Y
115.0%
CGNX
US$40.59
Cognex
7D
7.6%
1Y
3.1%
OUST
US$27.40
Ouster
7D
-1.0%
1Y
143.1%

Ouster, Inc. (NASDAQ:OUST) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Jan 15
Ouster, Inc. (NASDAQ:OUST) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable
TDY
US$569.72
Teledyne Technologies
7D
3.8%
1Y
20.7%
LASR
US$43.83
nLIGHT
7D
9.5%
1Y
319.0%
TROO
US$4.12
TROOPS
7D
-8.0%
1Y
145.2%
NSSC
US$39.52
Napco Security Technologies
7D
-6.5%
1Y
13.5%

NSSC: Sustained Estimate Beats And Equipment Demand Should Support Further Outperformance

Analysts have raised their price target on Napco Security Technologies by $7 to $50, citing recent estimate beats, faster equipment sales growth, and increased confidence in both near-term and long-term performance. Analyst Commentary Bullish analysts are pointing to recent estimate beats and quicker equipment sales growth as key reasons for their higher conviction in Napco Security Technologies.
ZBRA
US$258.85
Zebra Technologies
7D
1.7%
1Y
-35.7%
SMRT
US$1.74
SmartRent
7D
-4.9%
1Y
8.8%

SMRT: Future Returns Will Likely Stay Muted As Outlook Remains Steady

Analysts kept their SmartRent fair value estimate steady at US$1.73, with only small tweaks to the discount rate, revenue growth outlook, profit margin assumptions, and future P/E inputs. This supports a largely unchanged price target narrative.
MIR
US$27.00
Mirion Technologies
7D
11.3%
1Y
66.1%

MIR: Reaffirmed 2025 Outlook And Buybacks Will Support Future Upside

Analysts have nudged their price target on Mirion Technologies slightly lower to US$30.63 from US$30.75, reflecting small tweaks to fair value, discount rate, growth, margin and future P/E assumptions, rather than any major shift in the story. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of approximately 7% to 9%, including an estimated 180 basis point foreign exchange tailwind based on a fourth quarter Euro to US$ exchange rate of 1.16.
ZEPP
US$22.50
Zepp Health
7D
-19.9%
1Y
660.1%

Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues

Jan 08
Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues
EVLV
US$6.38
Evolv Technologies Holdings
7D
-10.5%
1Y
107.8%

EVLV: Q3 Beat And 2026 ARR Breakout Potential Support Bullish Outlook

Analysts have raised their fair value estimate for Evolv Technologies Holdings to $10.00 from $8.25 after a Q3 performance that they describe as very strong, and based on expectations that annual recurring revenue growth could outpace overall revenue growth by 2026. Analyst Commentary Bullish analysts are pointing to Evolv Technologies Holdings' Q3 performance as a key support for higher valuation expectations, with recent fair value and price target increases signaling growing confidence in the company’s execution.
BMI
US$170.56
Badger Meter
7D
-2.0%
1Y
-20.3%
SMX
US$23.88
SMX (Security Matters)
7D
-15.2%
1Y
-99.8%