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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies101
  • 7D2.3%
  • 3M28.9%
  • 1Y23.3%
  • YTDn/a

The Electronic Equipment and Instruments industry is up 1.4% in the last week, with Cognex up 32%. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 24% 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
Thu, 19 Feb 2026US$159.0bUS$37.2bUS$1.4b31.1x109.7x4.3x
Sat, 17 Jan 2026US$151.1bUS$36.7bUS$2.9b31.8x52.6x4.1x
Mon, 15 Dec 2025US$161.6bUS$40.3bUS$3.1b29.3x51.7x4x
Wed, 12 Nov 2025US$157.2bUS$40.1bUS$2.8b29x55.1x3.9x
Fri, 10 Oct 2025US$162.9bUS$39.6bUS$2.6b27.9x61.5x4.1x
Sun, 07 Sep 2025US$158.3bUS$40.0bUS$2.5b26.2x62.3x4x
Tue, 05 Aug 2025US$154.9bUS$39.6bUS$3.9b25.4x39.5x3.9x
Thu, 03 Jul 2025US$154.1bUS$37.7bUS$3.6b27.1x42.6x4.1x
Sat, 31 May 2025US$139.8bUS$37.7bUS$3.6b26x38.9x3.7x
Mon, 28 Apr 2025US$124.2bUS$37.3bUS$3.6b22.4x34.9x3.3x
Wed, 26 Mar 2025US$137.4bUS$37.3bUS$3.6b25.5x38.1x3.7x
Fri, 21 Feb 2025US$148.7bUS$37.4bUS$3.6b27.6x41.1x4x
Sun, 19 Jan 2025US$148.1bUS$36.8bUS$3.5b25.8x42.7x4x
Tue, 17 Dec 2024US$147.7bUS$36.9bUS$3.4b27.2x43.2x4x
Thu, 14 Nov 2024US$145.9bUS$36.9bUS$3.7b26.9x39.4x4x
Sat, 12 Oct 2024US$135.8bUS$36.5bUS$3.5b29.3x38.6x3.7x
Mon, 09 Sep 2024US$124.1bUS$36.6bUS$3.5b24.4x35.2x3.4x
Wed, 07 Aug 2024US$118.4bUS$36.8bUS$2.1b25.2x56.1x3.2x
Fri, 05 Jul 2024US$126.8bUS$37.7bUS$2.2b25.4x57.1x3.4x
Sun, 02 Jun 2024US$128.4bUS$37.7bUS$2.2b27.2x57.3x3.4x
Tue, 30 Apr 2024US$126.8bUS$38.0bUS$2.3b27.6x56.3x3.3x
Thu, 28 Mar 2024US$132.4bUS$37.9bUS$2.2b27.1x59.2x3.5x
Sat, 24 Feb 2024US$126.9bUS$37.8bUS$2.2b26.2x57.9x3.4x
Mon, 22 Jan 2024US$131.1bUS$41.6bUS$2.3b25.7x56.4x3.2x
Wed, 20 Dec 2023US$134.1bUS$41.6bUS$2.3b26x57.6x3.2x
Fri, 17 Nov 2023US$117.2bUS$41.8bUS$2.4b21.1x49.2x2.8x
Sun, 15 Oct 2023US$117.0bUS$42.0bUS$2.4b20x49.2x2.8x
Tue, 12 Sep 2023US$125.1bUS$42.0bUS$2.4b20.5x52.7x3x
Thu, 10 Aug 2023US$131.2bUS$41.8bUS$2.5b23.5x52.1x3.1x
Sat, 08 Jul 2023US$132.8bUS$41.4bUS$2.2b23.8x61.5x3.2x
Mon, 05 Jun 2023US$131.2bUS$41.3bUS$2.2b24.7x60.1x3.2x
Wed, 03 May 2023US$119.2bUS$40.4bUS$2.4b24.7x49.6x2.9x
Fri, 31 Mar 2023US$126.8bUS$40.2bUS$2.5b26x50.5x3.2x
Sun, 26 Feb 2023US$125.5bUS$38.9bUS$2.3b28.4x55.5x3.2x
Price to Earnings Ratio

55.5x


Total Market Cap: US$125.5bTotal 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 50.9x202420252026
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 110x which is higher than its 3-year average PE of 50.9x.
  • 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 14% 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-0.74%
Tech-1.61%
Electronic Equipment and Components1.22%
Electronic Equipment and Instruments2.35%
Electronic Manufacturing Services2.80%
Electronic Components0.96%
Technology Distributors-4.64%
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
CGNX CognexUS$56.7231.8%
+US$2.2b		68.6%PE82.1x
AEIS Advanced Energy IndustriesUS$321.344.1%
+US$476.2m		144.3%PE81.3x
KEYS Keysight TechnologiesUS$239.830.8%
+US$310.4m		29.6%PE47.3x
RAL RalliantUS$43.952.9%
+US$137.6m		n/aPS2.4x
NOVT NovantaUS$145.632.7%
+US$135.9m		0.3%PE98.6x

Latest News

CGNX
US$56.72
Cognex
7D
31.8%
1Y
68.6%

We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings

Feb 19
We Like The Quality Of Cognex's (NASDAQ:CGNX) Earnings
CXT
US$52.90
Crane NXT
7D
2.3%
1Y
-10.5%
KEYS
US$239.83
Keysight Technologies
7D
0.8%
1Y
29.6%
VNT
US$40.95
Vontier
7D
0.6%
1Y
1.6%
LASR
US$54.35
nLIGHT
7D
-0.9%
1Y
407.0%

LASR: Recent Price Hikes And Defense Expansion Will Shape Future Earnings Profile

The analyst fair value estimate for nLIGHT has increased from $50.00 to $55.00. Analysts attribute the change to updated assumptions about revenue growth, profit margins, and a revised future P/E outlook, reflecting their response to recent price target increases from multiple firms.
ZBRA
US$252.52
Zebra Technologies
7D
0.01%
1Y
-22.2%

Earnings Miss: Zebra Technologies Corporation Missed EPS By 19% And Analysts Are Revising Their Forecasts

Feb 15
Earnings Miss: Zebra Technologies Corporation Missed EPS By 19% And Analysts Are Revising Their Forecasts
AIOT
US$3.72
PowerFleet
7D
-7.7%
1Y
-53.8%

AIOT: South Africa Public Sector Rollout Will Drive Reassessment

Narrative update on PowerFleet The analyst price target for PowerFleet has shifted from $15.00 to $13.00 as analysts factor in updated assumptions on growth, margins, discount rate and a higher future P/E multiple. They also point to recent recognition as a 2026 Top Pick and inclusion on best ideas lists as support for the company’s execution and positioning.
NOVT
US$145.63
Novanta
7D
2.7%
1Y
0.3%
AEIS
US$321.34
Advanced Energy Industries
7D
4.1%
1Y
144.3%
EVLV
US$5.46
Evolv Technologies Holdings
7D
-4.7%
1Y
39.3%
MIR
US$21.45
Mirion Technologies
7D
1.9%
1Y
26.7%
OSIS
US$273.97
OSI Systems
7D
2.5%
1Y
24.8%

OSIS: Border Security Orders And Margin Outlook Will Shape Measured Upside

The updated analyst price target for OSI Systems has increased to US$300, up from US$295. Analysts cite a slightly higher profit margin outlook and a lower assumed future P/E multiple as the key drivers of this change.
RAL
US$43.95
Ralliant
7D
2.9%
1Y
n/a

Grid Modernization And Defense Spending Will Support This Undervalued Supplier’s Long-Term Potential

Catalysts About Ralliant Ralliant provides test, measurement, sensor and safety systems used across defense, utilities, industrial manufacturing, electronics and semiconductor applications. What are the underlying business or industry changes driving this perspective?
SMX
US$46.62
SMX (Security Matters)
7D
-42.9%
1Y
-99.9%
POAS
US$0.99
Phaos Technology Holdings (Cayman)
7D
-84.6%
1Y
n/a
TROO
US$3.40
TROOPS
7D
-14.8%
1Y
126.7%