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U.S. Electronic Manufacturing Services Industry Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies26
  • 7D0.5%
  • 3M28.6%
  • 1Y42.2%
  • YTDn/a

Over the last 7 days, the Electronic Manufacturing Services industry has dropped 4.0%, driven by a pullback from Fabrinet of 11%. Meanwhile, Flex actually outperformed within the industry, gaining 6.0% in the last week. In the past year, the industry has gained 40%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025US$130.9bUS$96.7bUS$3.6b34.8x36.4x1.4x
Mon, 21 Jul 2025US$129.1bUS$95.8bUS$3.4b26.6x37.8x1.3x
Wed, 18 Jun 2025US$113.1bUS$95.8bUS$3.4b26x33.4x1.2x
Fri, 16 May 2025US$107.5bUS$94.8bUS$3.3b24.9x32.7x1.1x
Sun, 13 Apr 2025US$85.3bUS$94.1bUS$4.0b20.4x21.6x0.9x
Tue, 11 Mar 2025US$96.2bUS$94.3bUS$4.7b21.7x20.4x1x
Thu, 06 Feb 2025US$102.8bUS$94.3bUS$4.8b23.8x21.6x1.1x
Sat, 04 Jan 2025US$99.6bUS$94.0bUS$5.9b26.4x17x1.1x
Mon, 02 Dec 2024US$103.5bUS$95.4bUS$5.9b27.6x17.5x1.1x
Wed, 30 Oct 2024US$100.5bUS$95.8bUS$5.9b23.1x16.9x1x
Fri, 27 Sep 2024US$94.6bUS$95.8bUS$6.2b23.4x15.2x1x
Sun, 25 Aug 2024US$99.6bUS$97.4bUS$6.3b22.2x15.9x1x
Tue, 23 Jul 2024US$97.0bUS$98.6bUS$6.2b20.5x15.7x1x
Thu, 20 Jun 2024US$100.4bUS$100.4bUS$6.3b20.3x15.8x1x
Sat, 18 May 2024US$98.6bUS$100.4bUS$6.4b20.8x15.5x1x
Mon, 15 Apr 2024US$94.2bUS$104.3bUS$6.5b14.6x14.6x0.9x
Wed, 13 Mar 2024US$98.3bUS$105.7bUS$5.7b16.5x17.1x0.9x
Fri, 09 Feb 2024US$94.4bUS$105.7bUS$5.6b15.3x16.7x0.9x
Sun, 07 Jan 2024US$91.0bUS$107.0bUS$4.3b17.3x21.1x0.9x
Tue, 05 Dec 2023US$89.2bUS$108.3bUS$4.4b15.1x20.2x0.8x
Thu, 02 Nov 2023US$86.1bUS$108.7bUS$4.6b16x18.9x0.8x
Sat, 30 Sep 2023US$89.5bUS$109.3bUS$4.7b17.1x19.1x0.8x
Mon, 28 Aug 2023US$88.5bUS$109.9bUS$4.9b16.6x18.2x0.8x
Wed, 26 Jul 2023US$95.5bUS$109.7bUS$5.0b16.2x19.2x0.9x
Fri, 23 Jun 2023US$92.5bUS$109.7bUS$5.0b15.9x18.6x0.8x
Sun, 21 May 2023US$82.5bUS$109.6bUS$5.0b14.1x16.6x0.8x
Tue, 18 Apr 2023US$83.0bUS$108.0bUS$5.1b15.3x16.2x0.8x
Thu, 16 Mar 2023US$81.6bUS$107.4bUS$5.1b16.3x15.9x0.8x
Sat, 11 Feb 2023US$86.6bUS$107.4bUS$5.3b17.5x16.3x0.8x
Mon, 09 Jan 2023US$80.4bUS$105.0bUS$5.4b16.3x14.9x0.8x
Wed, 07 Dec 2022US$80.1bUS$104.0bUS$5.4b15.8x14.8x0.8x
Fri, 04 Nov 2022US$74.9bUS$102.5bUS$5.5b16x13.7x0.7x
Sun, 02 Oct 2022US$70.0bUS$100.4bUS$5.4b13.8x12.8x0.7x
Tue, 30 Aug 2022US$78.5bUS$98.8bUS$5.3b16x14.7x0.8x
Price to Earnings Ratio

14.7x


Total Market Cap: US$78.5bTotal Earnings: US$5.3bTotal Revenue: US$98.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Manufacturing Services Industry Price to Earnings3Y Average 19.1x202320242025
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 36.4x which is higher than its 3-year average PE of 19.1x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Electronic Manufacturing Services industry have declined 12% 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 Market0.45%
Tech-1.42%
Electronic Equipment and Components1.14%
Electronic Manufacturing Services0.50%
Technology Distributors2.74%
Electronic Equipment and Instruments2.22%
Electronic Components0.36%
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
FLEX FlexUS$51.926.0%
+US$1.1b		57.7%PE21.9x
TEL TE ConnectivityUS$205.001.1%
+US$676.7m		33.9%PE41.6x
TTMI TTM TechnologiesUS$44.436.3%
+US$271.7m		116.8%PE49.3x
PLXS PlexusUS$137.264.8%
+US$169.7m		7.2%PE22.8x
IPGP IPG PhotonicsUS$82.164.4%
+US$147.3m		15.6%PS3.7x

Latest News

FLEX
US$51.92
Flex
7D
6.0%
1Y
57.7%
TEL
US$205.00
TE Connectivity
7D
1.1%
1Y
33.9%

TE Connectivity plc (NYSE:TEL) Shares Could Be 34% Above Their Intrinsic Value Estimate

Aug 21
TE Connectivity plc (NYSE:TEL) Shares Could Be 34% Above Their Intrinsic Value Estimate
TTMI
US$44.43
TTM Technologies
7D
6.3%
1Y
116.8%
PLXS
US$137.26
Plexus
7D
4.8%
1Y
7.2%
KE
US$28.34
Kimball Electronics
7D
9.8%
1Y
55.4%
FN
US$294.35
Fabrinet
7D
-10.7%
1Y
10.1%

AWS Partnership And Telecom Wins Will Unlock Future Potential

Despite a higher discount rate, the consensus analyst price target for Fabrinet has increased—driven primarily by a modest rise in forward P/E—resulting in a new fair value estimate of $321.25. What's in the News Fabrinet issued Q1 earnings guidance, projecting revenue of $910 million to $950 million.
CTS
US$43.54
CTS
7D
6.3%
1Y
-12.3%
SANM
US$115.48
Sanmina
7D
-1.3%
1Y
63.2%

Sanmina Q3: Despite Soft Guidance, Investor Enthusiasm Is High; Hold For Now

Aug 13
BHE
US$40.68
Benchmark Electronics
7D
4.2%
1Y
-4.8%
FORD
US$10.55
Forward Industries
7D
-22.1%
1Y
165.1%
JBL
US$209.84
Jabil
7D
-2.5%
1Y
93.4%
IPGP
US$82.16
IPG Photonics
7D
4.4%
1Y
15.6%

Global Automation And Electric Trends Will Expand Advanced Laser Adoption

With consensus analyst forecasts for both revenue growth (6.3% per annum) and the discount rate (8.06%) remaining stable, the fair value estimate for IPG Photonics is unchanged at $75.80. What's in the News Completed repurchase of 3,600,367 shares (8.13%) for $279.93 million under 2024 buyback plan.
DAIO
US$2.91
Data I/O
7D
-12.2%
1Y
10.1%
WTO
US$0.94
UTime
7D
-6.9%
1Y
-99.8%
RFIL
US$6.93
RF Industries
7D
-1.0%
1Y
79.1%
SHMD
US$2.53
SCHMID Group
7D
-1.2%
1Y
-36.6%