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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies101
  • 7D-7.1%
  • 3M11.2%
  • 1Y36.2%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 7.1%, driven by a pullback from Keysight Technologies of 11%. Over the past 12 months, the industry was up 36%. 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
Mon, 09 Mar 2026US$159.1bUS$37.6bUS$1.7b30.7x93.9x4.2x
Wed, 04 Feb 2026US$150.7bUS$36.8bUS$3.0b27.5x51x4.1x
Fri, 02 Jan 2026US$157.8bUS$40.3bUS$3.1b28.9x50.3x3.9x
Sun, 30 Nov 2025US$157.7bUS$40.2bUS$3.1b28.7x50.4x3.9x
Tue, 28 Oct 2025US$163.8bUS$39.7bUS$2.6b28.7x62.8x4.1x
Thu, 25 Sep 2025US$165.6bUS$40.0bUS$2.6b28.3x64.7x4.1x
Sat, 23 Aug 2025US$155.8bUS$40.0bUS$2.5b24.9x61.5x3.9x
Mon, 21 Jul 2025US$160.7bUS$37.7bUS$3.6b25.6x44.2x4.3x
Wed, 18 Jun 2025US$143.6bUS$37.8bUS$3.6b26.7x39.4x3.8x
Fri, 16 May 2025US$140.7bUS$37.5bUS$3.5b27.3x39.9x3.8x
Sun, 13 Apr 2025US$117.1bUS$37.2bUS$3.5b20.6x33.2x3.2x
Tue, 11 Mar 2025US$134.7bUS$37.3bUS$3.6b22.6x37.7x3.6x
Thu, 06 Feb 2025US$150.6bUS$37.0bUS$3.4b26.1x44.9x4.1x
Sat, 04 Jan 2025US$142.1bUS$36.9bUS$3.4b26.3x41.2x3.9x
Mon, 02 Dec 2024US$149.5bUS$36.8bUS$3.4b28.5x44x4.1x
Wed, 30 Oct 2024US$136.0bUS$36.9bUS$3.8b29x36.2x3.7x
Fri, 27 Sep 2024US$132.3bUS$36.6bUS$3.5b25.9x37.5x3.6x
Sun, 25 Aug 2024US$133.2bUS$36.5bUS$3.7b23.3x36.4x3.6x
Tue, 23 Jul 2024US$130.8bUS$37.7bUS$2.2b29.8x58.6x3.5x
Thu, 20 Jun 2024US$125.9bUS$37.7bUS$2.2b24.1x56.2x3.3x
Sat, 18 May 2024US$132.6bUS$37.9bUS$2.4b28.3x55.3x3.5x
Mon, 15 Apr 2024US$127.4bUS$37.9bUS$2.3b27.6x56.3x3.4x
Wed, 13 Mar 2024US$129.0bUS$37.9bUS$2.2b26.8x57.7x3.4x
Fri, 09 Feb 2024US$122.4bUS$38.5bUS$2.3b25.5x52.2x3.2x
Sun, 07 Jan 2024US$129.8bUS$41.6bUS$2.3b25.4x55.8x3.1x
Tue, 05 Dec 2023US$122.9bUS$41.6bUS$2.3b22.8x53.1x3x
Thu, 02 Nov 2023US$110.2bUS$40.7bUS$2.0b19x55.1x2.7x
Sat, 30 Sep 2023US$122.6bUS$42.0bUS$2.4b19.7x51.5x2.9x
Mon, 28 Aug 2023US$126.9bUS$41.9bUS$2.4b22.4x53.8x3x
Wed, 26 Jul 2023US$136.7bUS$41.5bUS$2.2b24.1x62.3x3.3x
Fri, 23 Jun 2023US$130.8bUS$41.4bUS$2.2b24.1x60x3.2x
Sun, 21 May 2023US$128.8bUS$41.4bUS$2.2b23.4x59.7x3.1x
Tue, 18 Apr 2023US$125.8bUS$40.3bUS$2.5b26.1x50.7x3.1x
Thu, 16 Mar 2023US$121.3bUS$39.0bUS$2.3b26.7x53.2x3.1x
Price to Earnings Ratio

53.2x


Total Market Cap: US$121.3bTotal Earnings: US$2.3bTotal Revenue: US$39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 51.8x202420252026
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 93.9x which is higher than its 3-year average PE of 51.7x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 9.6% 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-2.17%
Tech-0.39%
Electronic Equipment and Components-10.05%
Electronic Equipment and Instruments-7.06%
Technology Distributors-1.71%
Electronic Manufacturing Services-9.99%
Electronic Components-12.60%
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
UMAC Unusual MachinesUS$16.4515.8%
+US$82.6m		200.2%PS73x
SMRT SmartRentUS$1.7712.7%
+US$43.2m		52.6%PS2.2x
CODA Coda Octopus GroupUS$14.402.9%
+US$4.5m		114.9%PE39.3x
POAS Phaos Technology Holdings (Cayman)US$1.699.7%
+US$4.3m		n/aPS371.6x
INVE IdentivUS$3.293.8%
+US$2.9m		0.9%PS3.5x

Latest News

OUST
US$20.27
Ouster
7D
0.1%
1Y
165.0%
LASR
US$58.64
nLIGHT
7D
-13.4%
1Y
546.9%
UMAC
US$16.45
Unusual Machines
7D
15.8%
1Y
200.2%
AEIS
US$290.78
Advanced Energy Industries
7D
-14.6%
1Y
175.7%
NOVT
US$131.22
Novanta
7D
-6.8%
1Y
-6.8%

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$38.35
Vontier
7D
-6.7%
1Y
17.6%

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.
CODA
US$14.40
Coda Octopus Group
7D
2.9%
1Y
114.9%
SMRT
US$1.77
SmartRent
7D
12.7%
1Y
52.6%
KEYS
US$272.43
Keysight Technologies
7D
-13.0%
1Y
78.2%
TDY
US$647.64
Teledyne Technologies
7D
-5.9%
1Y
35.2%
CGNX
US$49.45
Cognex
7D
-8.1%
1Y
47.0%

CGNX: Margin Execution And Demand Stability Will Shape Fairly Valued Outlook

The analyst fair value estimate for Cognex has been raised from $36.62 to $52.00, reflecting higher Street price targets in the $55 to $75 range and analyst expectations for improved margins, cost control, and a more stable demand backdrop across key segments. Analyst Commentary Recent Street research on Cognex clusters around higher price targets and a more constructive stance on margins, cost controls, and demand stability, but the tone is not uniformly bullish.
UUU
US$5.09
Universal Safety Products
7D
8.1%
1Y
184.4%
MIR
US$20.54
Mirion Technologies
7D
-7.8%
1Y
52.0%

MIR: 2026 Guidance And Assumption Tweaks Will Support Constructive Long Term Upside Potential

Analysts have trimmed their price target on Mirion Technologies to about $29.30 per share from roughly $30.33, reflecting updated assumptions for slightly higher discount rates, a lower revenue growth outlook, more conservative profit margin expectations, and a higher future P/E multiple. What's in the News Mirion Technologies issued earnings guidance for the fiscal year ending December 31, 2026, giving investors a view of management's current expectations.
INVE
US$3.29
Identiv
7D
3.8%
1Y
0.9%
POAS
US$1.69
Phaos Technology Holdings (Cayman)
7D
9.7%
1Y
n/a
VRME
US$0.99
VerifyMe
7D
6.5%
1Y
42.9%