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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies100
  • 7D-2.4%
  • 3M15.3%
  • 1Y39.1%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 4.9%, driven by a pullback from Keysight Technologies of 5.4%. This takes the industry's 12 month performance to a gain of 38%. 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
Thu, 02 Apr 2026US$156.7bUS$37.7bUS$1.6b31.6x95.6x4.2x
Sat, 28 Feb 2026US$172.8bUS$37.6bUS$1.6b31.4x107.4x4.6x
Mon, 26 Jan 2026US$150.0bUS$36.8bUS$2.9b30.7x50.9x4.1x
Wed, 24 Dec 2025US$161.5bUS$40.3bUS$3.1b29.8x51.7x4x
Fri, 21 Nov 2025US$146.4bUS$40.1bUS$2.8b26.1x52.2x3.6x
Sun, 19 Oct 2025US$158.8bUS$39.6bUS$2.6b27.4x60x4x
Tue, 16 Sep 2025US$160.4bUS$40.0bUS$2.6b26.7x62.7x4x
Thu, 14 Aug 2025US$161.4bUS$39.8bUS$2.6b28x61x4.1x
Sat, 12 Jul 2025US$156.9bUS$37.7bUS$3.6b27.1x43.2x4.2x
Mon, 09 Jun 2025US$142.7bUS$37.7bUS$3.6b26.9x39.6x3.8x
Wed, 07 May 2025US$127.5bUS$37.6bUS$3.6b24.7x35.8x3.4x
Fri, 04 Apr 2025US$132.5bUS$37.2bUS$3.6b22.9x37.2x3.6x
Sun, 02 Mar 2025US$141.1bUS$37.4bUS$3.6b25.8x38.9x3.8x
Tue, 28 Jan 2025US$154.6bUS$37.0bUS$3.3b27.6x46.2x4.2x
Thu, 26 Dec 2024US$145.8bUS$36.9bUS$3.4b26.2x42.7x4x
Sat, 23 Nov 2024US$145.8bUS$36.8bUS$3.4b28.5x42.9x4x
Mon, 21 Oct 2024US$138.3bUS$36.5bUS$3.5b30.6x39.1x3.8x
Wed, 18 Sep 2024US$130.1bUS$36.6bUS$3.5b25.8x36.9x3.6x
Fri, 16 Aug 2024US$123.3bUS$36.8bUS$3.6b22.7x34.4x3.4x
Sun, 14 Jul 2024US$132.3bUS$37.7bUS$2.2b27x59.6x3.5x
Tue, 11 Jun 2024US$125.7bUS$37.7bUS$2.2b27.1x56.2x3.3x
Thu, 09 May 2024US$130.5bUS$37.9bUS$2.2b27.9x58.1x3.4x
Sat, 06 Apr 2024US$129.6bUS$37.8bUS$2.3b28x56.8x3.4x
Mon, 04 Mar 2024US$130.9bUS$37.9bUS$2.2b26.2x58.3x3.4x
Wed, 31 Jan 2024US$133.1bUS$41.7bUS$2.4b25.8x54.3x3.2x
Fri, 29 Dec 2023US$136.6bUS$41.6bUS$2.3b26.5x60.6x3.3x
Sun, 26 Nov 2023US$119.8bUS$41.6bUS$2.3b22.5x51.8x2.9x
Tue, 24 Oct 2023US$112.5bUS$42.0bUS$2.4b18.9x47.1x2.7x
Thu, 21 Sep 2023US$123.5bUS$42.0bUS$2.4b19.7x51.9x2.9x
Sat, 19 Aug 2023US$129.7bUS$41.9bUS$2.3b22.4x55.4x3.1x
Mon, 17 Jul 2023US$136.4bUS$41.4bUS$2.2b24.1x62.3x3.3x
Wed, 14 Jun 2023US$134.1bUS$41.4bUS$2.2b25x61.6x3.2x
Fri, 12 May 2023US$122.7bUS$40.5bUS$2.1b25x58.1x3x
Sun, 09 Apr 2023US$124.1bUS$40.3bUS$2.5b25.9x50x3.1x
Price to Earnings Ratio

50x


Total Market Cap: US$124.1bTotal 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 52.6x202420252026
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 92.1x which is higher than its 3-year average PE of 52.6x.
  • The 3-year average PS ratio of 3.6x 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 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-0.32%
Tech-1.22%
Electronic Equipment and Components-2.47%
Electronic Equipment and Instruments-2.41%
Technology Distributors4.20%
Electronic Components-2.83%
Electronic Manufacturing Services-3.82%
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
NOVT NovantaUS$118.370.6%
+US$25.7m		-8.0%PE78.5x
BMI Badger MeterUS$154.210.5%
+US$24.5m		-21.2%PE31.8x
EVLV Evolv Technologies HoldingsUS$6.021.5%
+US$16.1m		93.6%PS7.4x
POAS Phaos Technology Holdings (Cayman)US$2.0534.0%
+US$15.0m		n/aPS452.3x
REFR Research FrontiersUS$0.9514.8%
+US$4.3m		-15.5%PS29.5x

Latest News

BMI
US$154.21
Badger Meter
7D
0.5%
1Y
-21.2%
TDY
US$617.97
Teledyne Technologies
7D
-1.2%
1Y
23.7%
CGNX
US$49.34
Cognex
7D
-4.4%
1Y
61.3%

CGNX: Margin Discipline And Buybacks Will Support Premium Multiple In Industrial Recovery

Analyst price targets on Cognex have moved higher, with the updated fair value estimate holding at $65.50. Analysts point to margin improvement, cost initiatives, a recovering short cycle industrial group, and steadier segment trends as key supports for the new targets.
ASTC
US$4.45
Astrotech
7D
97.8%
1Y
-29.0%
LASR
US$58.30
nLIGHT
7D
-18.7%
1Y
621.5%

LASR: Directed Energy Defense Focus And Vertical Integration Will Drive Future Returns

Narrative Update The analyst price target for nLIGHT has shifted meaningfully higher, with analysts pointing to market tailwinds in directed energy, vertical integration across the laser stack, and recent steps toward becoming a pure play, defense-focused laser provider as key drivers of their updated views. Analyst Commentary Recent Street research on nLIGHT has tilted clearly bullish, with multiple firms lifting price targets and initiating with positive ratings tied to the company’s focus on directed energy, its vertical integration, and progress toward a pure play defense profile.
AEIS
US$332.82
Advanced Energy Industries
7D
-2.9%
1Y
244.8%

AEIS: The Power Architect of the AI and Chip Supercycle

Advanced Energy Industries, Inc. (AEIS) is currently undergoing a massive structural re-rating as it transforms from a cyclical industrial supplier into a critical infrastructure provider for the AI data center and next-generation semiconductor markets.
OSIS
US$263.58
OSI Systems
7D
-7.4%
1Y
32.9%

OSIS: Order Pacing And Security Contract Wins Will Guide Measured Future Upside

Narrative Update Analysts have lifted their blended price target on OSI Systems by $7, supported by recent research highlighting steady mid year progress and refreshed views on valuation and order pacing. Analyst Commentary Recent Street research on OSI Systems centers on refreshed price targets, views on mid year execution, and how current order activity feeds into valuation assumptions.
CETX
US$0.78
Cemtrex
7D
21.4%
1Y
-96.5%
ITRI
US$90.42
Itron
7D
-3.3%
1Y
-15.8%

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$289.84
Keysight Technologies
7D
-1.1%
1Y
91.0%

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.
AEVA
US$13.20
Aeva Technologies
7D
-13.5%
1Y
84.1%
NOVT
US$118.37
Novanta
7D
0.6%
1Y
-8.0%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their price target on Novanta to $150 from $138, citing updated Q4 models that suggest the company may be positioned for faster sales growth and margin expansion. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target to $150 as a sign that updated Q4 assumptions support a higher valuation range for the shares.
EVLV
US$6.02
Evolv Technologies Holdings
7D
1.5%
1Y
93.6%

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.
REFR
US$0.95
Research Frontiers
7D
14.8%
1Y
-15.5%
RVSN
US$8.59
Rail Vision
7D
10.1%
1Y
-14.5%
POAS
US$2.05
Phaos Technology Holdings (Cayman)
7D
34.0%
1Y
n/a