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U.S. Electronic Manufacturing Services Industry Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies26
  • 7D4.0%
  • 3M13.4%
  • 1Y58.5%
  • YTDn/a

The Electronic Manufacturing Services industry is up 4.0% in the last week, with TE Connectivity up 3.6%. Meanwhile, Forward Industries actually underperformed within the industry, shrinking 7.9% in the last week. In the last 12 months, the industry was up 58%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Electronic Manufacturing Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025US$161.4bUS$99.3bUS$4.4b32.6x37x1.6x
Tue, 04 Nov 2025US$162.3bUS$99.1bUS$4.1b32.3x39.6x1.6x
Thu, 02 Oct 2025US$148.4bUS$98.0bUS$3.7b35.4x40.3x1.5x
Sat, 30 Aug 2025US$140.2bUS$96.7bUS$3.6b36.8x39x1.4x
Mon, 28 Jul 2025US$135.8bUS$96.7bUS$3.6b26x38.2x1.4x
Wed, 25 Jun 2025US$119.5bUS$95.8bUS$3.4b26.2x35.3x1.2x
Fri, 23 May 2025US$105.9bUS$94.8bUS$3.3b24.7x32.2x1.1x
Sun, 20 Apr 2025US$86.6bUS$94.1bUS$4.0b20.3x21.9x0.9x
Tue, 18 Mar 2025US$95.6bUS$94.2bUS$4.7b22.8x20.3x1x
Thu, 13 Feb 2025US$104.8bUS$94.3bUS$4.7b23.3x22.2x1.1x
Sat, 11 Jan 2025US$103.4bUS$94.0bUS$5.9b25.1x17.7x1.1x
Mon, 09 Dec 2024US$104.0bUS$95.4bUS$6.0b27.5x17.5x1.1x
Wed, 06 Nov 2024US$100.5bUS$95.4bUS$5.9b26.6x17x1.1x
Fri, 04 Oct 2024US$97.6bUS$95.8bUS$6.2b22.8x15.7x1x
Sun, 01 Sep 2024US$97.5bUS$97.4bUS$6.3b21.9x15.6x1x
Tue, 30 Jul 2024US$99.8bUS$98.0bUS$6.2b20.6x16x1x
Thu, 27 Jun 2024US$97.6bUS$98.7bUS$6.2b19.8x15.7x1x
Sat, 25 May 2024US$99.9bUS$100.4bUS$6.4b21.2x15.7x1x
Mon, 22 Apr 2024US$90.5bUS$104.3bUS$6.5b15.1x14x0.9x
Wed, 20 Mar 2024US$93.6bUS$104.3bUS$6.5b14.3x14.5x0.9x
Fri, 16 Feb 2024US$97.7bUS$105.7bUS$5.8b16.5x16.9x0.9x
Sun, 14 Jan 2024US$90.9bUS$107.0bUS$4.3b17.2x21.1x0.8x
Tue, 12 Dec 2023US$91.1bUS$108.3bUS$4.3b14.2x21x0.8x
Thu, 09 Nov 2023US$87.7bUS$108.3bUS$4.4b16x19.9x0.8x
Sat, 07 Oct 2023US$90.1bUS$109.3bUS$4.7b17.2x19.2x0.8x
Mon, 04 Sep 2023US$92.7bUS$109.9bUS$4.9b17.1x19x0.8x
Wed, 02 Aug 2023US$94.3bUS$109.8bUS$4.9b17.1x19.3x0.9x
Fri, 30 Jun 2023US$94.1bUS$109.7bUS$5.0b16.1x19x0.9x
Sun, 28 May 2023US$85.4bUS$109.6bUS$5.0b15.1x17.2x0.8x
Tue, 25 Apr 2023US$82.1bUS$108.0bUS$5.1b14.8x16x0.8x
Thu, 23 Mar 2023US$82.4bUS$108.0bUS$5.1b16.7x16.1x0.8x
Sat, 18 Feb 2023US$88.2bUS$107.4bUS$5.2b17.7x17.1x0.8x
Mon, 16 Jan 2023US$85.0bUS$105.0bUS$5.4b17x15.8x0.8x
Wed, 14 Dec 2022US$83.2bUS$104.0bUS$5.4b17x15.4x0.8x
Price to Earnings Ratio

15.4x


Total Market Cap: US$83.2bTotal Earnings: US$5.4bTotal Revenue: US$104.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Manufacturing Services Industry Price to Earnings3Y Average 21.5x202320242025
Current Industry PE
  • Investors are optimistic on the American Electronic Manufacturing Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.0x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Electronic Manufacturing Services industry have declined 7.0% 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 Manufacturing Services compare with similar industries?

US Market0.50%
Tech1.63%
Electronic Equipment and Components2.44%
Electronic Manufacturing Services3.95%
Electronic Equipment and Instruments3.57%
Technology Distributors1.72%
Electronic Components1.14%
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
TEL TE ConnectivityUS$234.363.6%
+US$2.4b		53.8%PE37.4x
FLEX FlexUS$62.415.6%
+US$1.2b		61.3%PE26.3x
JBL JabilUS$220.064.4%
+US$998.9m		62.2%PE35.8x
FN FabrinetUS$478.454.1%
+US$682.2m		96.9%PE48.8x
TTMI TTM TechnologiesUS$73.745.1%
+US$367.9m		199.4%PE57.8x

Latest News

MEI
US$6.99
Methode Electronics
7D
-7.8%
1Y
-45.1%

Methode Electronics, Inc. (NYSE:MEI) Just Reported, And Analysts Assigned A US$9.50 Price Target

Dec 07
Methode Electronics, Inc. (NYSE:MEI) Just Reported, And Analysts Assigned A US$9.50 Price Target
TEL
US$234.36
TE Connectivity
7D
3.6%
1Y
53.8%

TEL: Strong Buybacks And EPS Outlook Will Drive Future Upside

Analysts have nudged their price target on TE Connectivity slightly higher to approximately $270.47 per share from about $270.24. This reflects modestly improved expectations for long term revenue growth, profit margins, and earnings multiples, despite a slightly higher discount rate.
FLEX
US$62.41
Flex
7D
5.6%
1Y
61.3%

FLEX: Power And Cloud Mix Will Drive Stronger AI Data Center Demand

Flex's analyst price target has been raised by analysts to about $75, a roughly $10 increase. This reflects stronger than expected Q2 results, improved guidance driven by higher margin power, cloud, and AI related revenues, and increased confidence in long term data center and auto demand trends.
SANM
US$158.09
Sanmina
7D
1.2%
1Y
101.3%

SANM: AI Rack Assembly Expansion Will Drive Future Upside Potential

Analysts have raised their price target on Sanmina to $180 from $150, reflecting confidence in the company’s strengthening AI and communications end markets, while still acknowledging integration and macroeconomic risks. Analyst Commentary Bullish analysts view the higher price target as a reflection of Sanmina's improving positioning in AI and communications.
JBL
US$220.06
Jabil
7D
4.4%
1Y
62.2%

JBL: AI Cybersecurity And BESS Expansion Will Drive Strong 2025 Upside

Analysts have modestly reduced their price target on Jabil by approximately 1.75 dollars to about 245.63 dollars. This reflects slightly lower profit margin expectations that more than offset improved revenue growth assumptions and a marginally lower discount rate.
IPGP
US$81.92
IPG Photonics
7D
2.9%
1Y
6.8%

IPGP: Business Recovery Will Drive Demand In Welding And Micromachining

Analysts have raised their price target on IPG Photonics to $105 from $68, reflecting renewed confidence in the companys return to growth, improving demand in welding and micromachining, and expanding opportunities in urology and directed energy applications. Analyst Commentary Recent rating changes and initiations reflect a notable shift in sentiment toward IPG Photonics, with bullish analysts emphasizing a clear inflection in fundamentals and a more supportive demand backdrop across key end markets.
FN
US$478.45
Fabrinet
7D
4.1%
1Y
96.9%
FWDI
US$8.20
Forward Industries
7D
-7.9%
1Y
93.4%
OPTX
US$1.38
Syntec Optics Holdings
7D
-20.2%
1Y
50.0%
PLXS
US$150.37
Plexus
7D
5.2%
1Y
-9.2%
TTMI
US$73.74
TTM Technologies
7D
5.1%
1Y
199.4%
RFIL
US$5.99
RF Industries
7D
-3.7%
1Y
39.6%

Revenues Working Against RF Industries, Ltd.'s (NASDAQ:RFIL) Share Price Following 26% Dive

Nov 20
Revenues Working Against RF Industries, Ltd.'s (NASDAQ:RFIL) Share Price Following 26% Dive
SHMD
US$4.67
SCHMID Group
7D
-3.7%
1Y
87.6%
TRSG
US$1.27
Tungray Technologies
7D
-2.7%
1Y
-48.3%

Tungray Technologies (NASDAQ:TRSG) Has A Rock Solid Balance Sheet

Nov 17
Tungray Technologies (NASDAQ:TRSG) Has A Rock Solid Balance Sheet
DSWL
US$3.56
Deswell Industries
7D
-2.0%
1Y
36.8%

Deswell Industries (NASDAQ:DSWL) Will Pay A Dividend Of $0.10

Nov 16
Deswell Industries (NASDAQ:DSWL) Will Pay A Dividend Of $0.10
KTCC
US$2.54
Key Tronic
7D
-2.3%
1Y
-53.0%