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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies100
  • 7D0.2%
  • 3M9.0%
  • 1Y13.3%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 1.2%, driven by Badger Meter declining 16%. This takes the industry's 12 month performance to a gain of 9.8%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Instruments Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026US$148.0bUS$36.8bUS$3.0b27.2x50.1x4x
Thu, 01 Jan 2026US$160.2bUS$40.3bUS$3.1b28.9x51.1x4x
Sat, 29 Nov 2025US$157.6bUS$40.2bUS$3.1b28.7x50.4x3.9x
Mon, 27 Oct 2025US$163.8bUS$39.7bUS$2.6b28.4x62.8x4.1x
Wed, 24 Sep 2025US$165.6bUS$40.0bUS$2.6b26.6x64.7x4.1x
Fri, 22 Aug 2025US$154.6bUS$40.0bUS$2.5b24x61.3x3.9x
Sun, 20 Jul 2025US$160.7bUS$37.7bUS$3.6b25.6x44.2x4.3x
Tue, 17 Jun 2025US$140.4bUS$37.7bUS$3.6b27.1x39x3.7x
Thu, 15 May 2025US$141.5bUS$37.5bUS$3.5b27.3x40.1x3.8x
Sat, 12 Apr 2025US$115.9bUS$37.2bUS$3.5b20.6x32.8x3.1x
Mon, 10 Mar 2025US$134.7bUS$37.3bUS$3.6b22.8x37.7x3.6x
Wed, 05 Feb 2025US$149.9bUS$37.0bUS$3.4b25.7x44.7x4.1x
Fri, 03 Jan 2025US$143.1bUS$36.9bUS$3.5b25.9x41.3x3.9x
Sun, 01 Dec 2024US$149.5bUS$36.8bUS$3.4b28.5x44x4.1x
Tue, 29 Oct 2024US$135.3bUS$36.7bUS$3.6b28.7x37.5x3.7x
Thu, 26 Sep 2024US$133.4bUS$36.6bUS$3.5b26x37.9x3.6x
Sat, 24 Aug 2024US$131.4bUS$36.5bUS$3.7b23.3x35.9x3.6x
Mon, 22 Jul 2024US$130.8bUS$37.7bUS$2.2b27.7x58.6x3.5x
Wed, 19 Jun 2024US$126.3bUS$37.7bUS$2.2b24.1x56.4x3.4x
Fri, 17 May 2024US$133.0bUS$37.9bUS$2.4b28.4x55.3x3.5x
Sun, 14 Apr 2024US$130.3bUS$37.9bUS$2.3b27.6x57.6x3.4x
Tue, 12 Mar 2024US$129.0bUS$37.9bUS$2.2b26.8x57.7x3.4x
Thu, 08 Feb 2024US$121.8bUS$38.5bUS$2.3b25.5x52.1x3.2x
Sat, 06 Jan 2024US$130.5bUS$41.6bUS$2.3b25.4x56x3.1x
Mon, 04 Dec 2023US$122.9bUS$41.6bUS$2.3b22.8x53.1x3x
Wed, 01 Nov 2023US$111.7bUS$41.6bUS$2.2b19x50.5x2.7x
Fri, 29 Sep 2023US$122.6bUS$42.0bUS$2.4b19.8x51.5x2.9x
Sun, 27 Aug 2023US$126.9bUS$41.9bUS$2.4b22.4x53.8x3x
Tue, 25 Jul 2023US$136.0bUS$41.5bUS$2.2b24.2x62x3.3x
Thu, 22 Jun 2023US$130.8bUS$41.4bUS$2.2b24.5x60x3.2x
Sat, 20 May 2023US$128.8bUS$41.4bUS$2.2b23.4x59.7x3.1x
Mon, 17 Apr 2023US$127.0bUS$40.3bUS$2.5b26.2x51.2x3.2x
Wed, 15 Mar 2023US$121.6bUS$39.0bUS$2.3b26.6x53x3.1x
Fri, 10 Feb 2023US$134.4bUS$40.2bUS$2.3b29.3x57.5x3.3x
Price to Earnings Ratio

57.5x


Total Market Cap: US$134.4bTotal Earnings: US$2.3bTotal Revenue: US$40.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.4x202420252026
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 50.4x.
  • 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 8.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

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

US Market-0.35%
Tech-1.75%
Electronic Equipment and Components1.44%
Electronic Equipment and Instruments0.19%
Technology Distributors4.40%
Electronic Components1.54%
Electronic Manufacturing Services1.44%
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$223.264.2%
+US$1.5b		26.6%PE44.1x
TDY Teledyne TechnologiesUS$613.230.9%
+US$267.6m		20.8%PE32.2x
LASR nLIGHTUS$48.0810.3%
+US$228.5m		338.3%PS10.7x
VPG Vishay Precision GroupUS$50.6417.9%
+US$102.1m		120.4%PE84.8x
DAKT DaktronicsUS$23.569.6%
+US$100.9m		46.7%PE155.8x

Latest News

NSSC
US$41.02
Napco Security Technologies
7D
5.6%
1Y
52.3%
KEYS
US$223.26
Keysight Technologies
7D
4.2%
1Y
26.6%
EVLV
US$6.02
Evolv Technologies Holdings
7D
-6.4%
1Y
51.6%
CGNX
US$39.76
Cognex
7D
1.0%
1Y
2.1%

CGNX: Industrial Tech Tailwinds Will Face Stricter Execution And Margin Expectations

Analysts have trimmed their price target on Cognex to US$54, down US$2, as they refresh assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E in light of updated views on industrial technology demand across data centers, factory and warehouse automation, electronics, test and measurement, and semiconductors. Analyst Commentary Recent research trims the price target on Cognex to US$54, which signals that some expectations around future growth, margins, and valuation are being reset, even as broader industrial technology end markets such as data centers, factory automation, warehouse automation, electronics, test and measurement, and semiconductors are viewed constructively.
LASR
US$48.08
nLIGHT
7D
10.3%
1Y
338.3%

LASR: Q4 Outlook Will Weigh Capacity Expansion Against Execution Risks

Analysts have lifted their price target for nLIGHT to around $47.43 from about $41.86. They point to updated assumptions around revenue growth, profit margins, discount rates, and future P/E, which are reflected in recent target increases cited in Street research.
TDY
US$613.23
Teledyne Technologies
7D
0.9%
1Y
20.8%
OSIS
US$252.72
OSI Systems
7D
-8.1%
1Y
29.6%
BMI
US$151.83
Badger Meter
7D
-12.5%
1Y
-29.6%
ITRI
US$100.45
Itron
7D
2.1%
1Y
-5.2%
OUST
US$20.33
Ouster
7D
-15.9%
1Y
112.9%
DAKT
US$23.56
Daktronics
7D
9.6%
1Y
46.7%

DAKT: Increased Buybacks And New CEO Will Support Long-Term Upside Potential

Analysts have maintained their fair value estimate for Daktronics at US$30.00, with only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, resulting in a marginally updated price target framework. What's in the News From August 3, 2025 to November 1, 2025, Daktronics repurchased 97,402 shares for US$1.56 million, bringing total repurchases under the June 17, 2016 buyback plan to 4,781,408 shares, or 10.33%, for US$55.53 million (Key Developments).
MIR
US$24.93
Mirion Technologies
7D
-2.2%
1Y
59.8%

MIR: Reaffirmed 2025 Outlook And Completed Buybacks Will Support Future Upside

Analysts have slightly reduced their price target for Mirion Technologies to reflect modestly lower fair value and profit margin assumptions, while largely maintaining their core outlook on revenue growth and future P/E expectations. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of about 7.0% to 9.0%, with an organic revenue growth range of about 4.5% to 6.0%.
VPG
US$50.64
Vishay Precision Group
7D
17.9%
1Y
120.4%

VPG: Index Inclusion And Revenue Guidance Will Sustain An Overstretched Outlook

Analysts kept their price target for Vishay Precision Group broadly unchanged at about $42. This reflected only minimal tweaks to assumptions such as discount rate, long term revenue growth, profit margin, and future P/E that did not materially alter their overall view of the shares.
NOVT
US$134.32
Novanta
7D
-2.3%
1Y
-8.6%

NOVT: Equity Units And Share Repurchases Will Support Balance Sheet And Future Deals

Analysts now keep their price target for Novanta effectively unchanged at about $154.00. They point to steady assumptions around discount rate, revenue growth, profit margin and future P/E as the key drivers of their view.
ZBRA
US$242.01
Zebra Technologies
7D
-0.6%
1Y
-37.3%

ZBRA: Industrial Automation Tailwinds Will Support Post 2025 Margin Recovery

Narrative Update Analysts have modestly trimmed their blended price target on Zebra Technologies to about US$339 from roughly US$358, reflecting slightly lower fair value and P/E assumptions, even as they cite mixed signals around growth and margins following recent research updates from firms covering industrial technology and automation end markets. Analyst Commentary Recent research paints a mixed picture on Zebra Technologies, with some analysts lifting targets while others trim expectations following Q3 results and Q4 guidance.
AEVA
US$12.76
Aeva Technologies
7D
-11.0%
1Y
218.2%