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

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies101
  • 7D-3.3%
  • 3M12.3%
  • 1Y36.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 3.3%, driven by a pullback from Keysight Technologies of 3.1%. This takes the industry's 12 month performance to a gain of 37%. As for the next few years, earnings are expected to grow by 22% 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
Fri, 27 Mar 2026US$163.3bUS$37.7bUS$1.6b31.1x100x4.3x
Sun, 22 Feb 2026US$162.0bUS$37.2bUS$1.5b32.8x111.3x4.4x
Tue, 20 Jan 2026US$150.8bUS$36.7bUS$2.9b31x52.5x4.1x
Thu, 18 Dec 2025US$158.0bUS$40.3bUS$3.1b29x50.5x3.9x
Sat, 15 Nov 2025US$151.7bUS$40.1bUS$2.8b27.5x54.2x3.8x
Mon, 13 Oct 2025US$153.4bUS$39.6bUS$2.6b26.4x58x3.9x
Wed, 10 Sep 2025US$158.7bUS$40.0bUS$2.5b26x62.5x4x
Fri, 08 Aug 2025US$155.6bUS$39.8bUS$2.7b26.6x58.4x3.9x
Sun, 06 Jul 2025US$157.0bUS$37.7bUS$3.6b27.1x43.2x4.2x
Tue, 03 Jun 2025US$139.1bUS$37.7bUS$3.6b25.8x38.7x3.7x
Thu, 01 May 2025US$124.4bUS$37.5bUS$3.6b24.4x34.8x3.3x
Sat, 29 Mar 2025US$133.7bUS$37.3bUS$3.5b24.2x37.8x3.6x
Mon, 24 Feb 2025US$142.1bUS$37.5bUS$3.6b26.7x39.3x3.8x
Wed, 22 Jan 2025US$148.1bUS$36.8bUS$3.5b26.2x42.7x4x
Fri, 20 Dec 2024US$142.3bUS$36.9bUS$3.4b26.6x41.7x3.9x
Sun, 17 Nov 2024US$139.7bUS$36.9bUS$3.7b26.1x37.6x3.8x
Tue, 15 Oct 2024US$138.0bUS$36.5bUS$3.5b29.3x39.2x3.8x
Thu, 12 Sep 2024US$126.8bUS$36.6bUS$3.5b25.5x36x3.5x
Sat, 10 Aug 2024US$121.5bUS$36.7bUS$3.5b23.7x35.1x3.3x
Mon, 08 Jul 2024US$126.5bUS$37.7bUS$2.2b25.3x56.9x3.4x
Wed, 05 Jun 2024US$126.9bUS$37.7bUS$2.2b27.5x56.7x3.4x
Fri, 03 May 2024US$125.8bUS$37.8bUS$2.3b27.8x54.2x3.3x
Sun, 31 Mar 2024US$133.4bUS$37.9bUS$2.2b27.4x59.5x3.5x
Tue, 27 Feb 2024US$128.2bUS$37.9bUS$2.2b26.2x58x3.4x
Thu, 25 Jan 2024US$133.2bUS$41.6bUS$2.4b25.5x55x3.2x
Sat, 23 Dec 2023US$134.7bUS$41.6bUS$2.3b26.1x57.8x3.2x
Mon, 20 Nov 2023US$118.2bUS$41.8bUS$2.4b21.6x49.6x2.8x
Wed, 18 Oct 2023US$118.7bUS$42.0bUS$2.4b20.3x49.9x2.8x
Fri, 15 Sep 2023US$123.9bUS$42.0bUS$2.4b20.5x52.2x3x
Sun, 13 Aug 2023US$132.1bUS$41.9bUS$2.4b23.4x55.2x3.2x
Tue, 11 Jul 2023US$135.8bUS$41.4bUS$2.2b24.3x62.9x3.3x
Thu, 08 Jun 2023US$130.3bUS$41.4bUS$2.2b24.6x59.9x3.2x
Sat, 06 May 2023US$122.8bUS$40.4bUS$2.2b24.6x57x3x
Mon, 03 Apr 2023US$129.6bUS$40.3bUS$2.5b26.8x51.7x3.2x
Price to Earnings Ratio

51.7x


Total Market Cap: US$129.6bTotal 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 52.4x202420252026
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 100x which is higher than its 3-year average PE of 52.4x.
  • 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 Market-1.62%
Tech-3.55%
Electronic Equipment and Components-2.32%
Electronic Equipment and Instruments-3.26%
Technology Distributors1.55%
Electronic Manufacturing Services0.59%
Electronic Components-3.80%
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
VNT VontierUS$35.941.7%
+US$86.4m		7.2%PE12.5x
BMI Badger MeterUS$151.181.9%
+US$80.8m		-21.7%PE31.1x
EVLV Evolv Technologies HoldingsUS$5.966.6%
+US$66.4m		97.4%PS7.3x
FEIM Frequency ElectronicsUS$44.6710.6%
+US$42.2m		187.6%PE61.1x
INVE IdentivUS$3.7917.3%
+US$13.3m		15.2%PS4.2x

Latest News

ITRI
US$88.35
Itron
7D
-4.7%
1Y
-16.0%

ITRI: Grid Modernization Cycle Will Support Long Duration Metering Replacement Cash Flows

Analysts trimmed the Itron price target by a small amount to $136.80 from $136.80, reflecting a balance between fresh Buy and Outperform ratings that highlight Itron's role in smart metering and grid modernization and more cautious views that have recently lowered estimates. Analyst Commentary Recent research coverage presents a mixed but generally constructive view of Itron, with several firms highlighting long-term opportunities in smart metering and grid modernization while others flag execution risk and valuation sensitivity around expectations.
KEYS
US$281.07
Keysight Technologies
7D
-3.1%
1Y
81.2%

KEYS: Future Returns Will Depend On Durable AI And Wireline Order Strength

Analysts have raised the Keysight Technologies fair value estimate by about $3 to $301.54 as they factor in higher target P/E multiples, supported by recent research citing stronger orders, broadening demand beyond AI, and updated earnings frameworks following fiscal Q1 results. Analyst Commentary Street research on Keysight Technologies has shifted meaningfully, with a cluster of higher price targets and ratings changes following fiscal Q1.
TDY
US$611.08
Teledyne Technologies
7D
-3.8%
1Y
20.5%

TDY: Space And Defense Programs Will Support Medium Term Premium Multiple Re Rating

Analysts have nudged the fair value estimate for Teledyne Technologies slightly higher, supported by a series of recent price target increases across the Street that now range from around $579 to $770, as they factor in a short cycle recovery, Q4 results, updated long term guidance, and fresh analysis of the company's annual filing. Analyst Commentary Recent Street research on Teledyne clusters around a wide price target range, while keeping ratings largely in the middle of the road.
MIR
US$18.25
Mirion Technologies
7D
-7.3%
1Y
22.2%

MIR: 2026 Guidance And Margin Assumptions Will Support Constructive Long Term Upside

Analysts have trimmed their price target for Mirion Technologies by $0.50 to $28.80, reflecting a slightly higher discount and modestly adjusted fair value and future P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Mirion Technologies reported that between October 1, 2025 and December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program.
VNT
US$35.94
Vontier
7D
1.7%
1Y
7.2%

VNT: Future Upside Will Rely On EV Charging Platform Expansion

Analysts have maintained Vontier's price target at $49.00, citing relatively steady assumptions around the discount rate, revenue growth, profit margin, and future P/E. Together, these factors point to a broadly unchanged view of the stock's risk and earnings profile.
RAL
US$41.10
Ralliant
7D
-3.4%
1Y
n/a
EVLV
US$5.96
Evolv Technologies Holdings
7D
6.6%
1Y
97.4%

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.
INVE
US$3.79
Identiv
7D
17.3%
1Y
15.2%
BMI
US$151.18
Badger Meter
7D
1.9%
1Y
-21.7%

BMI: Premium P/E And Expanded Buyback Authorization Will Drive Future Upside

Analysts have trimmed the Badger Meter fair value estimate slightly to $178.0 from $178.7, reflecting lower Street price targets and expectations for more moderate revenue growth, partly offset by a small lift to projected profit margins and a reduced assumed future P/E multiple. Analyst Commentary Recent Street research has tilted more cautious on Badger Meter, with several firms trimming price targets and at least one initiating with an Underweight rating.
AEIS
US$313.11
Advanced Energy Industries
7D
-4.5%
1Y
213.0%
LASR
US$63.86
nLIGHT
7D
-9.9%
1Y
672.2%

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.
VUZI
US$2.25
Vuzix
7D
2.7%
1Y
-0.4%
AIOT
US$2.98
PowerFleet
7D
1.7%
1Y
-49.7%

AIOT: 2026 Top Pick Status And New Wins Will Drive Reassessment

Narrative Update on PowerFleet The analyst price target for PowerFleet has been reiterated at $10. Analysts point to its selection as a 2026 Top Pick and its inclusion in multiple best ideas lists, supported by views that recent new logo wins, AI Video traction, cross selling, and telco channel expansion can continue to underpin the current valuation framework.
OSIS
US$274.70
OSI Systems
7D
-3.5%
1Y
38.0%

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.
MASS
US$6.14
908 Devices
7D
0.8%
1Y
53.1%
FEIM
US$44.67
Frequency Electronics
7D
10.6%
1Y
187.6%

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