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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies101
  • 7D4.1%
  • 3M12.9%
  • 1Y70.3%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has risen 4.1%, driven by gains from Keysight Technologies of 6.5%. In the last 12 months, the industry was up 70%. Looking forward, 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
Wed, 08 Apr 2026US$161.2bUS$37.7bUS$1.6b31.3x98.3x4.3x
Fri, 06 Mar 2026US$171.3bUS$37.6bUS$1.7b30.1x101.1x4.6x
Sun, 01 Feb 2026US$148.0bUS$36.8bUS$3.0b26.9x50.2x4x
Tue, 30 Dec 2025US$161.1bUS$40.3bUS$3.1b29.3x51.2x4x
Thu, 27 Nov 2025US$155.8bUS$40.2bUS$3.1b28.7x49.8x3.9x
Sat, 25 Oct 2025US$162.6bUS$39.7bUS$2.6b28.4x62.3x4.1x
Mon, 22 Sep 2025US$165.2bUS$40.0bUS$2.6b27.2x64.6x4.1x
Wed, 20 Aug 2025US$158.1bUS$39.8bUS$2.7b23.9x58x4x
Fri, 18 Jul 2025US$157.4bUS$37.7bUS$3.6b26.2x43.3x4.2x
Sun, 15 Jun 2025US$140.4bUS$37.7bUS$3.6b26.3x39x3.7x
Tue, 13 May 2025US$133.4bUS$37.5bUS$3.5b27.4x37.7x3.6x
Thu, 10 Apr 2025US$110.3bUS$37.2bUS$3.5b21.3x31.2x3x
Sat, 08 Mar 2025US$134.1bUS$37.3bUS$3.6b22.8x37.6x3.6x
Mon, 03 Feb 2025US$152.3bUS$37.0bUS$3.4b26.3x45.4x4.1x
Wed, 01 Jan 2025US$143.4bUS$36.9bUS$3.5b26.2x41.4x3.9x
Fri, 29 Nov 2024US$148.3bUS$36.8bUS$3.4b28.3x43.6x4x
Sun, 27 Oct 2024US$135.3bUS$36.7bUS$3.6b28.4x37.5x3.7x
Tue, 24 Sep 2024US$133.0bUS$36.6bUS$3.5b26.6x37.7x3.6x
Thu, 22 Aug 2024US$128.3bUS$36.5bUS$3.7b23.1x35.1x3.5x
Sat, 20 Jul 2024US$132.8bUS$37.7bUS$2.2b27.7x59.8x3.5x
Mon, 17 Jun 2024US$125.3bUS$37.7bUS$2.2b25.6x56x3.3x
Wed, 15 May 2024US$129.8bUS$37.9bUS$2.4b27.7x53.9x3.4x
Fri, 12 Apr 2024US$129.3bUS$37.9bUS$2.3b28.5x57.1x3.4x
Sun, 10 Mar 2024US$130.3bUS$37.9bUS$2.2b27x58.3x3.4x
Tue, 06 Feb 2024US$120.5bUS$38.5bUS$2.3b25.5x51.4x3.1x
Thu, 04 Jan 2024US$129.8bUS$41.6bUS$2.3b25.6x55.7x3.1x
Sat, 02 Dec 2023US$120.9bUS$41.6bUS$2.3b22.8x52.3x2.9x
Mon, 30 Oct 2023US$110.0bUS$42.0bUS$2.4b18.4x45.6x2.6x
Wed, 27 Sep 2023US$119.4bUS$42.0bUS$2.4b19.1x50.2x2.8x
Fri, 25 Aug 2023US$126.1bUS$41.8bUS$2.3b22.3x53.7x3x
Sun, 23 Jul 2023US$136.5bUS$41.5bUS$2.2b24.4x62.2x3.3x
Tue, 20 Jun 2023US$133.2bUS$41.4bUS$2.2b24.8x61.1x3.2x
Thu, 18 May 2023US$127.8bUS$41.4bUS$2.2b23.7x59.1x3.1x
Sat, 15 Apr 2023US$127.0bUS$40.3bUS$2.5b26.2x51.2x3.2x
Price to Earnings Ratio

51.2x


Total Market Cap: US$127.0bTotal 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 52.9x202420252026
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 98.3x which is higher than its 3-year average PE of 52.9x.
  • The 3-year average PS ratio of 3.6x 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 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 Market1.21%
Tech2.44%
Electronic Equipment and Components4.43%
Electronic Equipment and Instruments4.09%
Technology Distributors7.02%
Electronic Components5.08%
Electronic Manufacturing Services2.53%
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$300.616.5%
+US$3.1b		134.9%PE52.6x
TDY Teledyne TechnologiesUS$635.075.0%
+US$1.4b		45.8%PE32.9x
AEIS Advanced Energy IndustriesUS$339.325.1%
+US$627.0m		323.3%PE85.8x
CGNX CognexUS$51.695.5%
+US$450.9m		122.1%PE75.4x
ZBRA Zebra TechnologiesUS$212.511.6%
+US$168.7m		-0.5%PE24.9x

Latest News

VNT
US$35.34
Vontier
7D
-0.4%
1Y
26.0%

Vontier: The Hidden Industrial Software Moat

Apr 08
TDY
US$635.07
Teledyne Technologies
7D
5.0%
1Y
45.8%
ZBRA
US$212.51
Zebra Technologies
7D
1.6%
1Y
-0.5%
NOVT
US$115.28
Novanta
7D
-2.4%
1Y
12.3%

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.
MIR
US$19.07
Mirion Technologies
7D
2.6%
1Y
46.6%
KEYS
US$300.61
Keysight Technologies
7D
6.5%
1Y
134.9%
SMRT
US$1.43
SmartRent
7D
-4.7%
1Y
38.8%
BMI
US$151.93
Badger Meter
7D
-0.3%
1Y
-11.0%

BMI: Premium P/E And Utility Funding Constraints Will Pressure Future Returns

Badger Meter's updated analyst price target has been reset to $136, reflecting mixed recent research in which several firms trimmed their targets, while others highlighted steady revenue growth, margin expectations, and valuation assumptions that now point to a slightly lower future P/E multiple. Analyst Commentary The latest research around Badger Meter reflects a split view, with one recent upgrade contrasted against a cluster of price target cuts and at least one downgrade.
LIDR
US$1.64
AEye
7D
-9.4%
1Y
213.5%
CGNX
US$51.69
Cognex
7D
5.5%
1Y
122.1%

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.
AEIS
US$339.32
Advanced Energy Industries
7D
5.1%
1Y
323.3%

AEIS: The Power Architect of the AI and Chip Supercycle

Advanced Energy Industries, Inc. (AEIS) is currently undergoing a massive structural re-rating as it transforms from a cyclical industrial supplier into a critical infrastructure provider for the AI data center and next-generation semiconductor markets.
OSIS
US$275.55
OSI Systems
7D
3.8%
1Y
58.2%

OSIS: Order Pacing And Security Contract Wins Will Guide Measured Future Upside

Narrative Update Analysts have lifted their blended price target on OSI Systems by $7, supported by recent research highlighting steady mid year progress and refreshed views on valuation and order pacing. Analyst Commentary Recent Street research on OSI Systems centers on refreshed price targets, views on mid year execution, and how current order activity feeds into valuation assumptions.
ARLO
US$14.15
Arlo Technologies
7D
-0.6%
1Y
68.3%

ARLO: Share Repurchases And Samsung Partnership Will Support Future Upside

Analysts have trimmed their price target for Arlo Technologies from $23.20 to $21.50, citing updates to key assumptions including a higher discount rate, a revised profit margin outlook, and a different future P/E expectation. What's in the News Arlo Technologies announced a share repurchase program authorizing up to $50 million of buybacks, with the program running through December 31, 2027, unless changed by the Board of Directors (Key Developments).
AEVA
US$12.55
Aeva Technologies
7D
-4.6%
1Y
112.4%
MVIS
US$0.60
MicroVision
7D
-7.0%
1Y
-46.3%
FEIM
US$55.24
Frequency Electronics
7D
24.8%
1Y
256.4%

Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding

Feb 13
Some Frequency Electronics, Inc. (NASDAQ:FEIM) Shareholders Look For Exit As Shares Take 26% Pounding