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U.S. Electronic Equipment and Instruments Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies102
  • 7D-4.4%
  • 3M12.2%
  • 1Y42.8%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 6.8%, driven by Keysight Technologies declining 5.6%. In contrast, Unusual Machines has gained 33%. This takes the industry's 12 month performance to a gain of 41%. Earnings are forecast to grow by 22% 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, 11 Mar 2026US$162.5bUS$37.6bUS$1.7b30.3x95x4.3x
Fri, 06 Feb 2026US$151.0bUS$36.8bUS$1.5b28.5x100.9x4.1x
Sun, 04 Jan 2026US$159.9bUS$40.3bUS$3.1b29.1x51x4x
Tue, 02 Dec 2025US$157.7bUS$40.2bUS$3.1b28.6x50.4x3.9x
Thu, 30 Oct 2025US$160.9bUS$39.8bUS$2.6b27.4x62.1x4x
Sat, 27 Sep 2025US$159.6bUS$40.0bUS$2.6b26.6x62.5x4x
Mon, 25 Aug 2025US$160.7bUS$40.0bUS$2.5b24.9x63.4x4x
Wed, 23 Jul 2025US$158.7bUS$39.4bUS$4.0b25x39.9x4x
Fri, 20 Jun 2025US$142.2bUS$37.8bUS$3.6b25.9x39x3.8x
Sun, 18 May 2025US$142.2bUS$37.6bUS$3.5b27.7x40.6x3.8x
Tue, 15 Apr 2025US$117.1bUS$37.2bUS$3.5b20.9x33.2x3.2x
Thu, 13 Mar 2025US$130.9bUS$37.3bUS$3.6b22.7x36.7x3.5x
Sat, 08 Feb 2025US$151.2bUS$37.0bUS$3.4b25.6x45.1x4.1x
Mon, 06 Jan 2025US$144.6bUS$36.9bUS$3.4b26.3x42x3.9x
Wed, 04 Dec 2024US$149.9bUS$36.8bUS$3.4b29.1x44.1x4.1x
Fri, 01 Nov 2024US$135.2bUS$37.0bUS$3.8b28.3x36x3.7x
Sun, 29 Sep 2024US$135.4bUS$36.6bUS$3.5b26.7x38.4x3.7x
Tue, 27 Aug 2024US$133.3bUS$36.5bUS$3.7b23.8x36.4x3.6x
Thu, 25 Jul 2024US$134.5bUS$37.7bUS$2.2b27.5x60.2x3.6x
Sat, 22 Jun 2024US$125.5bUS$37.7bUS$2.2b24.7x56x3.3x
Mon, 20 May 2024US$132.7bUS$37.9bUS$2.4b28.3x55.3x3.5x
Wed, 17 Apr 2024US$126.0bUS$37.9bUS$2.3b27.2x55.9x3.3x
Fri, 15 Mar 2024US$129.0bUS$37.9bUS$2.2b26.7x57.8x3.4x
Sun, 11 Feb 2024US$125.2bUS$38.5bUS$2.3b25.5x53.3x3.3x
Tue, 09 Jan 2024US$129.9bUS$41.6bUS$2.3b25.9x55.9x3.1x
Thu, 07 Dec 2023US$122.4bUS$41.6bUS$2.3b23.3x52.6x2.9x
Sat, 04 Nov 2023US$114.1bUS$40.8bUS$2.1b19.7x53.9x2.8x
Mon, 02 Oct 2023US$122.5bUS$42.0bUS$2.4b20.8x51.5x2.9x
Wed, 30 Aug 2023US$129.8bUS$41.9bUS$2.4b23.1x55.1x3.1x
Fri, 28 Jul 2023US$135.4bUS$41.5bUS$2.2b23.7x61.3x3.3x
Sun, 25 Jun 2023US$128.1bUS$41.4bUS$2.2b23.7x58.2x3.1x
Tue, 23 May 2023US$129.9bUS$41.4bUS$2.2b23.8x59.6x3.1x
Thu, 20 Apr 2023US$123.3bUS$40.3bUS$2.5b25.5x49.7x3.1x
Sat, 18 Mar 2023US$121.6bUS$39.0bUS$2.3b26.1x53.3x3.1x
Price to Earnings Ratio

53.3x


Total Market Cap: US$121.6bTotal Earnings: US$2.3bTotal Revenue: US$39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 51.8x202420252026
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 93.9x which is higher than its 3-year average PE of 51.8x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 9.4% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market-0.62%
Tech1.68%
Electronic Equipment and Components-2.66%
Electronic Equipment and Instruments-4.41%
Electronic Components-1.62%
Electronic Manufacturing Services-2.62%
Technology Distributors-4.09%
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
UMAC Unusual MachinesUS$18.5033.4%
+US$187.1m		225.1%PS62.4x
AEVA Aeva TechnologiesUS$16.2016.0%
+US$134.0m		524.3%PS53.8x
SMRT SmartRentUS$1.8822.1%
+US$70.0m		67.9%PS2.4x
OUST OusterUS$22.373.0%
+US$40.8m		185.0%PS8.3x
LASR nLIGHTUS$63.791.1%
+US$40.2m		617.5%PS13.6x

Latest News

CODA
US$16.76
Coda Octopus Group
7D
21.5%
1Y
146.1%
UMAC
US$18.50
Unusual Machines
7D
33.4%
1Y
225.1%
LASR
US$63.79
nLIGHT
7D
1.1%
1Y
617.5%
ZEPP
US$20.10
Zepp Health
7D
7.9%
1Y
607.7%
KEYS
US$285.54
Keysight Technologies
7D
-5.6%
1Y
90.6%
SMRT
US$1.88
SmartRent
7D
22.1%
1Y
67.9%

SMRT: Fair Value View Will Weigh Buybacks Against Ongoing Quarterly Losses

Analysts have raised their price target on SmartRent to $1.85 from $1.73, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple as key drivers of the revised outlook. What's in the News SmartRent completed a share repurchase program covering 20,250,000 shares, representing 10.22% of the company, for a total of $33.46 million under the buyback announced on March 5, 2024 (Key Developments).
NSSC
US$43.40
Napco Security Technologies
7D
0.4%
1Y
71.9%

NSSC: Higher Margin Outlook And Dividend Policy Will Support Upside

Analysts have lifted their price target on Napco Security Technologies from $36.00 to $48.00, citing updated assumptions for revenue growth of 9.71%, a profit margin of 25.16% and a future P/E of 33.43 as key drivers behind the higher fair value estimate. What's in the News Board declared a quarterly dividend of $0.15 per share, a 7% increase from the prior quarter, payable on April 3, 2026 to shareholders of record on March 12, 2026 (Key Developments).
OUST
US$22.37
Ouster
7D
3.0%
1Y
185.0%
AEIS
US$311.39
Advanced Energy Industries
7D
-3.4%
1Y
201.6%
NOVT
US$123.14
Novanta
7D
-10.9%
1Y
-9.8%

NOVT: Future Earnings Power Will Rely On Accelerating Margins

Analysts have lifted their fair value estimate for Novanta to $160 from $154, supported by updated models that reflect expectations for accelerating sales and margins following recent Q4 results and a higher Street price target of $150 from $138. Analyst Commentary Recent commentary points to a more constructive view on Novanta following its Q4 results, with updated models feeding into a higher fair value framework and a Street price target of $150.
VNT
US$38.06
Vontier
7D
-5.7%
1Y
16.9%

VNT: Future Earnings Power Will Rely On EV Charging And Share Repurchases

Analysts have nudged their Vontier price target slightly higher to $49.00. This reflects updated assumptions around fair value, discount rate, profit margin and future P/E that modestly refine their outlook on the shares.
ZBRA
US$212.47
Zebra Technologies
7D
-5.7%
1Y
-24.2%

ZBRA: Industrial Automation And AI Adoption Will Support Post 2025 Margin Recovery

The updated analyst price target for Zebra Technologies moves slightly lower to $336, as analysts balance modest tweaks to growth, margin and P/E assumptions with mixed recent Street targets that range from $323 to $368. Analyst Commentary Recent research on Zebra Technologies presents a split picture, with some firms lifting price targets and others trimming them.
TDY
US$655.29
Teledyne Technologies
7D
-4.5%
1Y
34.2%
CGNX
US$50.58
Cognex
7D
-5.7%
1Y
57.2%

CGNX: Margin Execution And Demand Stability Will Shape Fairly Valued Outlook

The analyst fair value estimate for Cognex has been raised from $36.62 to $52.00, reflecting higher Street price targets in the $55 to $75 range and analyst expectations for improved margins, cost control, and a more stable demand backdrop across key segments. Analyst Commentary Recent Street research on Cognex clusters around higher price targets and a more constructive stance on margins, cost controls, and demand stability, but the tone is not uniformly bullish.
AEVA
US$16.20
Aeva Technologies
7D
16.0%
1Y
524.3%
CXT
US$45.11
Crane NXT
7D
-6.4%
1Y
-15.3%