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

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies102
  • 7D-1.0%
  • 3M12.8%
  • 1Y35.9%
  • YTDn/a

The Electronic Equipment and Instruments is pretty flat in the last 7 days, but Advanced Energy Industries has stood out, gaining 5.0%. As for the the longer term, the industry is up 36% 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
Sat, 21 Mar 2026US$161.6bUS$37.7bUS$1.8b30.6x92x4.3x
Mon, 16 Feb 2026US$159.9bUS$37.2bUS$1.4b31.6x113.8x4.3x
Wed, 14 Jan 2026US$147.1bUS$36.7bUS$2.9b31.2x51.2x4x
Fri, 12 Dec 2025US$164.1bUS$40.3bUS$3.1b29.6x52.5x4.1x
Sun, 09 Nov 2025US$156.7bUS$40.0bUS$2.8b29.7x55.1x3.9x
Tue, 07 Oct 2025US$162.3bUS$39.6bUS$2.6b28x61.3x4.1x
Thu, 04 Sep 2025US$155.9bUS$40.0bUS$2.5b26.4x61.4x3.9x
Sat, 02 Aug 2025US$158.6bUS$39.6bUS$3.9b24.9x40.4x4x
Mon, 30 Jun 2025US$154.8bUS$37.7bUS$3.6b26.5x42.8x4.1x
Wed, 28 May 2025US$137.7bUS$37.7bUS$3.6b27.2x38x3.7x
Fri, 25 Apr 2025US$119.9bUS$37.3bUS$3.6b22.2x33.7x3.2x
Sun, 23 Mar 2025US$134.3bUS$37.3bUS$3.6b24.2x37.2x3.6x
Tue, 18 Feb 2025US$146.2bUS$37.4bUS$3.6b27.2x40.7x3.9x
Thu, 16 Jan 2025US$143.7bUS$36.8bUS$3.5b25.7x41.4x3.9x
Sat, 14 Dec 2024US$149.2bUS$36.9bUS$3.4b26.9x43.6x4x
Mon, 11 Nov 2024US$147.4bUS$36.8bUS$3.7b26.4x39.6x4x
Wed, 09 Oct 2024US$134.5bUS$36.5bUS$3.5b29.1x38.2x3.7x
Fri, 06 Sep 2024US$127.8bUS$36.5bUS$3.6b24.8x35.4x3.5x
Sun, 04 Aug 2024US$121.8bUS$36.8bUS$2.1b25.7x57.9x3.3x
Tue, 02 Jul 2024US$126.8bUS$37.7bUS$2.2b25.5x57.1x3.4x
Thu, 30 May 2024US$130.3bUS$37.7bUS$2.2b28.1x58.2x3.5x
Sat, 27 Apr 2024US$126.9bUS$38.0bUS$2.3b27.3x56.4x3.3x
Mon, 25 Mar 2024US$130.9bUS$37.9bUS$2.2b27.1x58.5x3.5x
Wed, 21 Feb 2024US$126.9bUS$37.9bUS$2.3b25.5x55.9x3.3x
Fri, 19 Jan 2024US$130.0bUS$41.6bUS$2.3b25.6x55.9x3.1x
Sun, 17 Dec 2023US$133.2bUS$41.6bUS$2.3b27.9x57.2x3.2x
Tue, 14 Nov 2023US$112.0bUS$41.8bUS$2.4b21.1x47.2x2.7x
Thu, 12 Oct 2023US$121.0bUS$42.0bUS$2.4b20.9x50.9x2.9x
Sat, 09 Sep 2023US$126.6bUS$42.0bUS$2.4b20.5x53.2x3x
Mon, 07 Aug 2023US$132.7bUS$41.8bUS$2.5b23.5x52.7x3.2x
Wed, 05 Jul 2023US$134.9bUS$41.4bUS$2.2b24.5x62.5x3.3x
Fri, 02 Jun 2023US$129.4bUS$41.3bUS$2.2b24.5x59.3x3.1x
Sun, 30 Apr 2023US$121.6bUS$40.5bUS$2.5b24.4x49.5x3x
Tue, 28 Mar 2023US$123.4bUS$38.9bUS$2.2b25.6x55x3.2x
Price to Earnings Ratio

55x


Total Market Cap: US$123.4bTotal 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 52.2x202420252026
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 92.0x which is higher than its 3-year average PE of 52.2x.
  • 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 7.8% 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-1.86%
Tech-1.70%
Electronic Equipment and Components-1.90%
Electronic Equipment and Instruments-0.98%
Technology Distributors-0.32%
Electronic Manufacturing Services-0.59%
Electronic Components-3.14%
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$317.215.0%
+US$573.4m		201.4%PE80.2x
CGNX CognexUS$49.242.6%
+US$210.4m		59.2%PE71.9x
LASR nLIGHTUS$65.765.0%
+US$176.3m		668.2%PS14x
EVLV Evolv Technologies HoldingsUS$5.599.4%
+US$86.1m		82.1%PS6.9x
ARLO Arlo TechnologiesUS$14.355.5%
+US$80.1m		36.3%PE102.7x

Latest News

RAL
US$40.80
Ralliant
7D
-3.6%
1Y
n/a
TDY
US$616.18
Teledyne Technologies
7D
-3.6%
1Y
22.8%
EVLV
US$5.59
Evolv Technologies Holdings
7D
9.4%
1Y
82.1%

EVLV: Expanded Stadium And Hospital Contracts Will Support Multi Year Upside

Analysts have nudged their price target for Evolv Technologies Holdings up from $10.00 to $10.50. They point to updated assumptions around slightly higher revenue growth, a marginally lower discount rate, and a modestly lower future P/E as key drivers of the change.
ZBRA
US$203.62
Zebra Technologies
7D
0.4%
1Y
-29.8%

ZBRA: 2026 Automation Tailwinds And Buybacks Will Reshape Risk Reward

Zebra Technologies' analyst fair value estimate has shifted from $263.00 to $292.02, as analysts adjust their targets after recent research pointed to a 2026 growth reacceleration and sector tailwinds in areas like data centers, factory and warehouse automation, and semiconductors. Analyst Commentary Recent Street research on Zebra Technologies shows a mix of optimism around the 2026 outlook and caution around nearer term execution and growth visibility.
UMAC
US$14.87
Unusual Machines
7D
-27.1%
1Y
102.6%
NOVT
US$113.85
Novanta
7D
-2.5%
1Y
-14.7%
KEYS
US$277.53
Keysight Technologies
7D
-0.8%
1Y
79.6%
AEIS
US$317.21
Advanced Energy Industries
7D
5.0%
1Y
201.4%
CGNX
US$49.24
Cognex
7D
2.6%
1Y
59.2%

CGNX: Margin Execution And Buybacks Will Support Premium Multiple In Industrial Recovery

Cognex's analyst fair value estimate has been revised higher from $60.55 to $65.50. Analysts highlight improving short cycle industrial demand, faster margin progress, cost reduction efforts, and a broader customer base, which support higher revenue growth assumptions and a richer future P/E of 44.37x versus 41.32x previously.
ZEPP
US$13.41
Zepp Health
7D
-35.6%
1Y
282.1%
LASR
US$65.76
nLIGHT
7D
5.0%
1Y
668.2%

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.
ARLO
US$14.35
Arlo Technologies
7D
5.5%
1Y
36.3%
CXT
US$40.37
Crane NXT
7D
-4.5%
1Y
-23.8%
OSIS
US$274.45
OSI Systems
7D
1.3%
1Y
41.6%

OSIS: Order Pacing And Security Wins Will Shape Measured Future Upside

Analysts have slightly raised their blended price target for OSI Systems by a low single-digit amount, supported by recent target increases from several firms that cite steady mid-year progress and updated views on the stock's P/E and risk profile. Analyst Commentary Recent research comments cluster around modestly higher targets and updated views on OSI Systems' P/E and risk profile, with analysts weighing solid mid-year execution against a softer order backdrop in the most recent quarter.
ITRI
US$91.28
Itron
7D
1.4%
1Y
-13.7%

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.
VNT
US$35.20
Vontier
7D
-2.2%
1Y
4.4%

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.