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

U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies98
  • 7D3.8%
  • 3M3.8%
  • 1Y15.4%
  • YTDn/a

The Electronic Equipment and Instruments industry is up 3.8% in the last week, with Teledyne Technologies up 4.8%. This means that the industry has gained 15% over the past year. 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
Tue, 13 Jan 2026US$146.3bUS$36.7bUS$2.9b31.3x50.9x4x
Thu, 11 Dec 2025US$163.4bUS$40.2bUS$3.1b29.4x52.2x4.1x
Sat, 08 Nov 2025US$157.0bUS$40.0bUS$2.8b29.7x55.2x3.9x
Mon, 06 Oct 2025US$162.3bUS$39.6bUS$2.6b28.3x61.3x4.1x
Wed, 03 Sep 2025US$157.3bUS$40.0bUS$2.5b26.3x62x3.9x
Fri, 01 Aug 2025US$159.1bUS$39.5bUS$4.0b24.4x39.6x4x
Sun, 29 Jun 2025US$154.8bUS$37.7bUS$3.6b26.5x42.8x4.1x
Tue, 27 May 2025US$137.7bUS$37.7bUS$3.6b26.6x38x3.7x
Thu, 24 Apr 2025US$118.2bUS$37.3bUS$3.6b21.4x33.3x3.2x
Sat, 22 Mar 2025US$134.4bUS$37.3bUS$3.6b24.2x37.2x3.6x
Mon, 17 Feb 2025US$146.2bUS$37.4bUS$3.6b27.2x40.7x3.9x
Wed, 15 Jan 2025US$143.7bUS$36.8bUS$3.5b25.3x41.4x3.9x
Fri, 13 Dec 2024US$148.9bUS$36.9bUS$3.4b27x43.5x4x
Sun, 10 Nov 2024US$147.7bUS$36.8bUS$3.7b26.4x39.7x4x
Tue, 08 Oct 2024US$135.1bUS$36.5bUS$3.5b29.1x38.3x3.7x
Thu, 05 Sep 2024US$127.1bUS$36.5bUS$3.6b23.7x35x3.5x
Sat, 03 Aug 2024US$126.9bUS$36.9bUS$2.1b25.7x59.6x3.4x
Mon, 01 Jul 2024US$126.5bUS$37.7bUS$2.2b25.6x56.9x3.4x
Wed, 29 May 2024US$131.5bUS$37.7bUS$2.2b28.1x58.7x3.5x
Fri, 26 Apr 2024US$125.5bUS$38.0bUS$2.3b27x55.8x3.3x
Sun, 24 Mar 2024US$130.9bUS$37.9bUS$2.2b27.1x58.5x3.5x
Tue, 20 Feb 2024US$127.8bUS$37.9bUS$2.3b25.7x56.3x3.4x
Thu, 18 Jan 2024US$127.7bUS$41.6bUS$2.3b25.3x54.9x3.1x
Sat, 16 Dec 2023US$133.2bUS$41.6bUS$2.3b27.9x57.2x3.2x
Mon, 13 Nov 2023US$112.7bUS$41.8bUS$2.4b20.8x47.5x2.7x
Wed, 11 Oct 2023US$121.3bUS$42.0bUS$2.4b20.8x51x2.9x
Fri, 08 Sep 2023US$126.6bUS$42.0bUS$2.4b20.8x53.2x3x
Sun, 06 Aug 2023US$132.7bUS$41.8bUS$2.5b23.5x52.7x3.2x
Tue, 04 Jul 2023US$134.9bUS$41.4bUS$2.2b24.5x62.5x3.3x
Thu, 01 Jun 2023US$128.6bUS$41.3bUS$2.2b24.1x58.9x3.1x
Sat, 29 Apr 2023US$121.6bUS$40.5bUS$2.5b24.4x49.5x3x
Mon, 27 Mar 2023US$123.4bUS$38.9bUS$2.2b25.5x55x3.2x
Wed, 22 Feb 2023US$131.5bUS$38.7bUS$2.2b29.2x58.9x3.4x
Fri, 20 Jan 2023US$127.3bUS$38.4bUS$2.2b28x57.3x3.3x
Price to Earnings Ratio

57.3x


Total Market Cap: US$127.3bTotal Earnings: US$2.2bTotal Revenue: US$38.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 50.5x202420252026
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 50.5x.
  • 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 8.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

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

US Market1.24%
Tech0.016%
Electronic Equipment and Components0.30%
Electronic Equipment and Instruments3.82%
Electronic Manufacturing Services0.028%
Technology Distributors-0.055%
Electronic Components-1.15%
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
TDY Teledyne TechnologiesUS$549.634.9%
+US$1.2b		19.3%PE31.6x
NOVT NovantaUS$128.9615.6%
+US$623.9m		-11.8%PE87.3x
ZBRA Zebra TechnologiesUS$264.434.7%
+US$597.3m		-30.7%PE26.2x
MIR Mirion TechnologiesUS$26.547.7%
+US$432.9m		67.2%PE229.4x
AEVA Aeva TechnologiesUS$19.1045.9%
+US$361.1m		361.4%PS75.7x

Latest News

INVZ
US$1.13
Innoviz Technologies
7D
-8.1%
1Y
-29.8%

INVZ: Future LiDAR Partnerships And Integrations Will Support Upside Potential

Analysts have reduced their price target on Innoviz Technologies, citing lower fair value estimates, a higher discount rate, more moderate revenue growth assumptions, slightly lower profit margin expectations, and a higher future P/E multiple in their updated models. What's in the News Partnership with Vueron Technology integrates InnovizTwo and InnovizSMART LiDAR data into Vueron's VueX AI platform to automate data annotation, training, and validation for automotive and smart infrastructure users across Asia, Europe, and the United States (Key Developments).
NOVT
US$128.96
Novanta
7D
15.6%
1Y
-11.8%
ARLO
US$13.54
Arlo Technologies
7D
-2.1%
1Y
19.5%
CGNX
US$39.43
Cognex
7D
5.5%
1Y
6.0%
ZBRA
US$264.43
Zebra Technologies
7D
4.7%
1Y
-30.7%
OSIS
US$269.12
OSI Systems
7D
-0.8%
1Y
74.1%

OSIS: Border Security Demand And New Defense Orders Will Shape Future Upside

Analysts have lifted their price expectations for OSI Systems, with recent Street targets moving from a prior range around $242 to as high as $315 per share. They cite steady earnings views, higher outyear estimates and ongoing interest in the company as a play on increased U.S. border security spending.
SMRT
US$1.78
SmartRent
7D
-5.8%
1Y
12.7%

SMRT: Future Returns Will Likely Stay Muted As Outlook Remains Steady

Analysts kept their SmartRent fair value estimate steady at US$1.73, with only small tweaks to the discount rate, revenue growth outlook, profit margin assumptions, and future P/E inputs. This supports a largely unchanged price target narrative.
MIR
US$26.54
Mirion Technologies
7D
7.7%
1Y
67.2%

MIR: Reaffirmed 2025 Outlook And Buybacks Will Support Future Upside

Analysts have nudged their price target on Mirion Technologies slightly lower to US$30.63 from US$30.75, reflecting small tweaks to fair value, discount rate, growth, margin and future P/E assumptions, rather than any major shift in the story. What's in the News Mirion Technologies reaffirmed full year 2025 revenue growth guidance of approximately 7% to 9%, including an estimated 180 basis point foreign exchange tailwind based on a fourth quarter Euro to US$ exchange rate of 1.16.
ZEPP
US$26.68
Zepp Health
7D
-9.9%
1Y
774.8%

Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues

Jan 08
Investors Aren't Entirely Convinced By Zepp Health Corporation's (NYSE:ZEPP) Revenues
EVLV
US$7.10
Evolv Technologies Holdings
7D
-2.9%
1Y
129.8%

EVLV: Q3 Beat And 2026 ARR Breakout Potential Support Bullish Outlook

Analysts have raised their fair value estimate for Evolv Technologies Holdings to $10.00 from $8.25 after a Q3 performance that they describe as very strong, and based on expectations that annual recurring revenue growth could outpace overall revenue growth by 2026. Analyst Commentary Bullish analysts are pointing to Evolv Technologies Holdings' Q3 performance as a key support for higher valuation expectations, with recent fair value and price target increases signaling growing confidence in the company’s execution.
LASR
US$41.57
nLIGHT
7D
9.1%
1Y
278.6%
BMI
US$171.63
Badger Meter
7D
-3.1%
1Y
-17.0%
AEVA
US$19.10
Aeva Technologies
7D
45.9%
1Y
361.4%
UMAC
US$14.74
Unusual Machines
7D
-4.9%
1Y
33.3%

UMAC: Pentagon Award And Facility Expansion Will Support Stronger Long-Term Performance

Analysts have nudged their price target on Unusual Machines higher to reflect a fair value of $25.00, citing only small adjustments to inputs such as discount rate, revenue growth, profit margin and assumed future P/E that modestly refine their outlook. What's in the News Unusual Machines secured its biggest-ever contract from the U.S. Department of Defense to make 3,500 drone motors and other drone parts, with the army indicating plans to order an additional 20,000 components in 2026 (Financial Times).
OUST
US$27.32
Ouster
7D
10.2%
1Y
151.8%

OUST: Defense Certification And Overweight Rating Will Support Future Moat Expansion

Analysts have lifted their price target for Ouster to $33 from $30, citing the recent upgrade to Overweight and the view that the company's Department of Defense certification for its OS1 LiDAR sensor creates a meaningful competitive moat. Analyst Commentary Bullish Takeaways Bullish analysts point to the move to Overweight and the higher US$33 price target as a signal that they see the current valuation as not fully reflecting the company's recent execution.
TDY
US$549.63
Teledyne Technologies
7D
4.9%
1Y
19.3%