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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies104
  • 7D-1.4%
  • 3M-0.4%
  • 1Y4.7%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 1.4%, driven by Cognex declining 8.9%. In the past year, the industry has gained 4.7%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025US$161.6bUS$40.3bUS$3.1b29.4x51.7x4x
Fri, 14 Nov 2025US$157.4bUS$40.1bUS$2.9b27.9x55x3.9x
Sun, 12 Oct 2025US$153.4bUS$39.6bUS$2.6b26.4x58x3.9x
Tue, 09 Sep 2025US$159.5bUS$40.0bUS$2.5b26x62.8x4x
Thu, 07 Aug 2025US$155.7bUS$39.8bUS$2.7b26.2x58x3.9x
Sat, 05 Jul 2025US$157.1bUS$37.7bUS$3.6b27.1x43.5x4.2x
Mon, 02 Jun 2025US$139.1bUS$37.7bUS$3.6b26x38.7x3.7x
Wed, 30 Apr 2025US$123.1bUS$37.4bUS$3.5b24.6x34.7x3.3x
Fri, 28 Mar 2025US$135.0bUS$37.3bUS$3.6b24.9x37.9x3.6x
Sun, 23 Feb 2025US$142.0bUS$37.5bUS$3.6b26.6x39.3x3.8x
Tue, 21 Jan 2025US$148.1bUS$36.8bUS$3.5b25.8x42.7x4x
Thu, 19 Dec 2024US$147.2bUS$36.9bUS$3.4b26.5x43.1x4x
Sat, 16 Nov 2024US$142.1bUS$36.9bUS$3.7b26.1x38.3x3.9x
Mon, 14 Oct 2024US$138.0bUS$36.5bUS$3.5b29.3x39.2x3.8x
Wed, 11 Sep 2024US$125.1bUS$36.6bUS$3.5b25.3x35.5x3.4x
Fri, 09 Aug 2024US$118.2bUS$36.7bUS$3.4b23.8x35.1x3.2x
Sun, 07 Jul 2024US$126.5bUS$37.7bUS$2.2b25.3x56.9x3.4x
Tue, 04 Jun 2024US$128.4bUS$37.7bUS$2.2b27.5x57.3x3.4x
Thu, 02 May 2024US$127.2bUS$37.8bUS$2.2b27.3x57x3.4x
Sat, 30 Mar 2024US$133.4bUS$37.9bUS$2.2b27.4x59.6x3.5x
Mon, 26 Feb 2024US$127.0bUS$37.8bUS$2.2b26.2x58x3.4x
Wed, 24 Jan 2024US$132.9bUS$41.6bUS$2.3b26.1x57.1x3.2x
Fri, 22 Dec 2023US$131.8bUS$41.6bUS$2.3b25.9x56.5x3.2x
Sun, 19 Nov 2023US$117.1bUS$41.8bUS$2.4b21.6x49.2x2.8x
Tue, 17 Oct 2023US$119.0bUS$42.0bUS$2.4b20.3x50x2.8x
Thu, 14 Sep 2023US$123.9bUS$42.0bUS$2.4b20.2x52.2x3x
Sat, 12 Aug 2023US$132.1bUS$41.9bUS$2.4b23.4x55.2x3.2x
Mon, 10 Jul 2023US$132.8bUS$41.4bUS$2.2b23.8x61.5x3.2x
Wed, 07 Jun 2023US$130.3bUS$41.3bUS$2.2b24.6x59.7x3.2x
Fri, 05 May 2023US$120.7bUS$40.4bUS$2.2b24.3x56x3x
Sun, 02 Apr 2023US$129.6bUS$40.2bUS$2.5b26.8x51.5x3.2x
Tue, 28 Feb 2023US$126.4bUS$38.9bUS$2.2b28.4x56.2x3.3x
Thu, 26 Jan 2023US$132.4bUS$38.4bUS$2.2b28.9x59.6x3.4x
Sat, 24 Dec 2022US$116.1bUS$38.4bUS$2.2b26.3x52x3x
Price to Earnings Ratio

52x


Total Market Cap: US$116.1bTotal 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 50.6x202320242025
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 50.6x.
  • 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 12% 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 Market-0.69%
Tech-4.53%
Electronic Equipment and Components-2.81%
Electronic Equipment and Instruments-1.38%
Technology Distributors-1.01%
Electronic Manufacturing Services-1.59%
Electronic Components-4.63%
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$37.675.2%
+US$268.4m		-1.3%PE13.5x
BMI Badger MeterUS$184.044.6%
+US$236.9m		-19.0%PE39.1x
NOVT NovantaUS$121.364.0%
+US$168.1m		-26.7%PE82.2x
AMCI AMC RoboticsUS$14.6542.2%
+US$102.0m		29.2%n/a
FEIM Frequency ElectronicsUS$45.0626.1%
+US$90.9m		147.2%PE20.9x

Latest News

AEIS
US$215.16
Advanced Energy Industries
7D
-2.8%
1Y
78.3%

AEIS: Data Center And AI Demand Will Support Balanced Multi Year Outlook

Analysts nudged their average price target on Advanced Energy Industries up slightly to approximately $225 per share, reflecting growing conviction that stronger datacenter demand, improving visibility into 2026 growth, and progress in AI and DRAM-related opportunities can support higher long term earnings power. Analyst Commentary Bullish analysts emphasize that the latest quarter materially exceeded expectations, with management offering a constructive outlook that supports higher confidence in multi year earnings growth.
KEYS
US$204.87
Keysight Technologies
7D
-2.7%
1Y
23.2%
MIR
US$24.15
Mirion Technologies
7D
-4.2%
1Y
33.0%

MIR: Equity Offering Will Drive Future Upside Despite Lower Margin Assumptions

Analysts have slightly reduced their price target on Mirion Technologies, from approximately $31.00 to $30.75 per share. They cite expectations for somewhat lower profit margins, which are only partly offset by modestly stronger revenue growth and a higher assumed future earnings multiple.
TRMB
US$80.50
Trimble
7D
-1.2%
1Y
10.4%

TRMB: Software Shift And 3-4-30 Goals Will Drive Margin Expansion

Analysts have modestly raised their Trimble price target by $2 to $100, citing increased confidence in the company’s transition toward higher-margin software solutions and its ability to meet or exceed long term recurring revenue and profitability goals. Analyst Commentary Bullish analysts view Trimble’s accelerating shift from hardware to software as a key driver of multiple expansion.
EVLV
US$6.86
Evolv Technologies Holdings
7D
3.6%
1Y
82.0%

EVLV: ARR Momentum Will Drive A Breakout Year In 2026

Analysts lifted their price target on Evolv Technologies Holdings by $1 to $10, citing a substantial Q3 beat and expectations that accelerating ARR growth will position 2026 as a breakout year. Analyst Commentary While the latest price target increase to $10 reflects optimism around Evolv Technologies Holdings' Q3 performance and medium term growth prospects, not all market observers are uniformly bullish.
VNT
US$37.67
Vontier
7D
5.2%
1Y
-1.3%

Does Vontier (NYSE:VNT) Have A Healthy Balance Sheet?

Dec 12
Does Vontier (NYSE:VNT) Have A Healthy Balance Sheet?
BMI
US$184.04
Badger Meter
7D
4.6%
1Y
-19.0%
DAKT
US$19.20
Daktronics
7D
6.8%
1Y
8.8%

DAKT: Leadership Transition Will Drive Higher Margins And Support Bullish Outlook

Analysts have raised their price target on Daktronics from 27.50 dollars to 30.00 dollars, citing slightly faster expected revenue growth, meaningfully higher profit margins, and a lower assumed future price-to-earnings multiple as key drivers of the upward revision. What's in the News Daktronics has appointed Ramesh Jayaraman as Chief Executive Officer, effective February 1, 2026, with plans for him to also join the Board upon approval.
CGNX
US$36.83
Cognex
7D
-3.6%
1Y
0.7%
AMCI
US$14.65
AMC Robotics
7D
42.2%
1Y
29.2%
CXT
US$48.42
Crane NXT
7D
-14.5%
1Y
-17.4%

CXT: Currency Tailwinds Will Drive Security Authentication Strength Ahead

Analysts raised their price target for Crane NXT to $80 from $70, citing tailwinds in U.S. and international currency, stabilizing CPI end markets, and the accretive impact of the Antares Vision acquisition, particularly on Security and Authentication Technologies growth. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as justified by strengthening U.S. and international currency demand, which is expected to support sustained top line growth and multiple expansion.
NOVT
US$121.36
Novanta
7D
4.0%
1Y
-26.7%

NOVT: Expanded Equity Offering And Buybacks Will Drive Long Term Shareholder Value

Analysts have nudged their price target for Novanta slightly higher to align with its updated fair value of $154.00, reflecting modestly stronger confidence in the company’s steady growth and margin profile. What's in the News Novanta completed a $550 million composite tangible equity units offering, issuing 11 million units priced at $50 each, with a $1.375 discount per unit (Key Developments).
TDY
US$506.54
Teledyne Technologies
7D
-1.2%
1Y
7.6%

TDY: Expanding Defense Backlog Will Support Premium Earnings Multiple Ahead

Analysts have nudged their average price target for Teledyne Technologies slightly higher to approximately $623 from about $621, citing resilient Q3 execution, a recovering short cycle portfolio alongside solid defense momentum, and a favorable mix of long and short cycle exposure that supports a premium future earnings multiple. Analyst Commentary Recent Street commentary reflects a generally constructive stance on Teledyne Technologies, with a few pockets of caution as investors weigh near term execution against longer term growth and valuation.
ZBRA
US$261.20
Zebra Technologies
7D
-1.5%
1Y
-33.9%

ZBRA: Margin Pressures From Tariffs Will Ease After 2025 Supporting Profitability

Analysts have modestly reduced their price target on Zebra Technologies by about $19 per share, reflecting concerns over decelerating organic growth and cautious extrapolation of softer Q4 guidance into the medium term. Analyst Commentary Recent research notes present a mixed but generally balanced view of Zebra Technologies, with analysts updating price targets and recommendations in response to Q3 performance, tariff dynamics, and forward guidance.
TROO
US$1.93
TROOPS
7D
25.3%
1Y
1.6%
FEIM
US$45.06
Frequency Electronics
7D
26.1%
1Y
147.2%

Lacklustre Performance Is Driving Frequency Electronics, Inc.'s (NASDAQ:FEIM) 27% Price Drop

Nov 14
Lacklustre Performance Is Driving Frequency Electronics, Inc.'s (NASDAQ:FEIM) 27% Price Drop