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U.S. Electronic Manufacturing Services Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies26
  • 7D0.5%
  • 3M-3.5%
  • 1Y46.9%
  • YTDn/a

Last week, the Electronic Manufacturing Services industry hasn't moved much but Jabil is up 3.8% in that time. The past year has been better, since the industry has gained 47% in that time. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026US$202.4bUS$111.6bUS$4.8b38.7x42x1.8x
Mon, 22 Jun 2026US$234.4bUS$111.0bUS$4.7b47.5x50.1x2.1x
Wed, 20 May 2026US$214.5bUS$109.0bUS$4.6b43.4x46.6x2x
Fri, 17 Apr 2026US$191.6bUS$105.3bUS$3.9b34.5x48.7x1.8x
Sun, 15 Mar 2026US$157.2bUS$103.7bUS$3.9b28.9x40.2x1.5x
Tue, 10 Feb 2026US$166.9bUS$103.6bUS$4.5b32.2x37.2x1.6x
Thu, 08 Jan 2026US$160.7bUS$100.6bUS$4.2b31.6x37.9x1.6x
Sat, 06 Dec 2025US$160.4bUS$99.3bUS$4.4b32.6x36.8x1.6x
Mon, 03 Nov 2025US$162.3bUS$99.1bUS$4.1b32x39.6x1.6x
Wed, 01 Oct 2025US$147.3bUS$98.0bUS$3.7b35.8x40x1.5x
Fri, 29 Aug 2025US$138.8bUS$96.7bUS$3.6b38.5x38.6x1.4x
Sun, 27 Jul 2025US$135.8bUS$96.7bUS$3.6b26x38.2x1.4x
Tue, 24 Jun 2025US$117.5bUS$95.8bUS$3.4b25.9x34.7x1.2x
Thu, 22 May 2025US$108.2bUS$94.8bUS$3.3b24.8x32.9x1.1x
Sat, 19 Apr 2025US$86.6bUS$94.1bUS$4.0b20.3x21.9x0.9x
Mon, 17 Mar 2025US$95.6bUS$94.2bUS$4.7b22.4x20.3x1x
Wed, 12 Feb 2025US$105.3bUS$94.3bUS$4.7b23.2x22.4x1.1x
Fri, 10 Jan 2025US$103.4bUS$94.0bUS$5.9b25.9x17.7x1.1x
Sun, 08 Dec 2024US$104.0bUS$95.4bUS$6.0b27.5x17.5x1.1x
Tue, 05 Nov 2024US$100.7bUS$95.4bUS$5.9b24.1x17.1x1.1x
Thu, 03 Oct 2024US$98.3bUS$95.8bUS$6.2b22.6x15.8x1x
Sat, 31 Aug 2024US$96.7bUS$97.4bUS$6.3b21.9x15.4x1x
Mon, 29 Jul 2024US$99.8bUS$98.0bUS$6.2b20.6x16x1x
Wed, 26 Jun 2024US$97.6bUS$98.7bUS$6.2b19.9x15.6x1x
Fri, 24 May 2024US$99.9bUS$100.4bUS$6.4b20.9x15.7x1x
Sun, 21 Apr 2024US$90.4bUS$104.3bUS$6.5b14.1x14x0.9x
Tue, 19 Mar 2024US$93.3bUS$104.3bUS$6.5b14.7x14.5x0.9x
Thu, 15 Feb 2024US$95.7bUS$105.7bUS$5.8b16.2x16.6x0.9x
Sat, 13 Jan 2024US$90.9bUS$107.0bUS$4.3b17.2x21.1x0.8x
Mon, 11 Dec 2023US$89.8bUS$108.3bUS$4.3b14.2x20.7x0.8x
Wed, 08 Nov 2023US$88.5bUS$108.4bUS$4.4b16.5x20.1x0.8x
Fri, 06 Oct 2023US$88.7bUS$109.3bUS$4.7b17.1x18.9x0.8x
Sun, 03 Sep 2023US$92.7bUS$109.9bUS$4.9b17.1x19x0.8x
Tue, 01 Aug 2023US$95.5bUS$109.7bUS$4.9b17x19.5x0.9x
Price to Earnings Ratio

19.5x


Total Market Cap: US$95.5bTotal Earnings: US$4.9bTotal Revenue: US$109.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Manufacturing Services Industry Price to Earnings3Y Average 27x202420252026
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 42.0x which is higher than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Electronic Manufacturing Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

How does U.S. Electronic Manufacturing Services compare with similar industries?

US Market-1.06%
Tech0.11%
Electronic Equipment and Components-0.18%
Electronic Manufacturing Services0.46%
Technology Distributors1.19%
Electronic Equipment and Instruments0.37%
Electronic Components-0.94%
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
JBL JabilUS$312.593.8%
+US$1.2b		40.5%PE38x
SANM SanminaUS$208.435.7%
+US$599.8m		111.4%PE43x
PLXS PlexusUS$254.451.5%
+US$102.2m		106.5%PE36.3x
BHE Benchmark ElectronicsUS$81.103.4%
+US$95.1m		108.4%PE85x
KE Kimball ElectronicsUS$24.863.7%
+US$21.4m		33.2%PE23x

Latest News

TTMI
US$131.41
TTM Technologies
7D
-0.4%
1Y
190.2%
Narrative Update • Jul 23

TTMI: AI And Defense Demand Will Drive Future Earnings Repricing

TTM Technologies' analyst fair value estimate has been raised from $123 to $220. Analysts point to higher assumed revenue growth, ongoing AI related opportunities across defense, data center and networking, and an updated future P/E assumption of about 40.6x, partly offset by a slightly higher discount rate and more conservative profit margin expectations.
FN
US$476.04
Fabrinet
7D
-0.5%
1Y
54.1%
Narrative Update • Jul 23

FN: Index Additions And Completed Buybacks Will Support Future Upside Potential

Analysts have trimmed their price target on Fabrinet to about $732 from roughly $749, reflecting updated views on fair value, discount rate assumptions, revenue growth, and profit margin expectations. What’s in the News for Fabrinet Fabrinet was added to the Russell 1000 Index, shifting the stock into a larger cap benchmark universe.
TEL
US$202.94
TE Connectivity
7D
-0.2%
1Y
-2.5%
JBL
US$312.59
Jabil
7D
3.8%
1Y
40.5%
Seeking Alpha • Jul 22

Jabil: AI Infrastructure Play Is Becoming More Than Just A Cycle

Summary Jabil is rated a buy with an FY 2027 price target of $363, implying 15% upside driven by AI infrastructure growth. JBL's Q3 2026 results showed 12% YoY revenue growth, led by a 21% surge in intelligent infrastructure and expanding operating margins. Execution on hyperscaler AI contracts and sustained margin expansion are critical for further re-rating and share appreciation into FY 2027. Risks include reduced portfolio diversification as intelligent infrastructure may exceed 50% of revenue, increasing vulnerability to AI spending cycles. Read the full article on Seeking Alpha
KE
US$24.86
Kimball Electronics
7D
3.7%
1Y
33.2%
Seeking Alpha • Jul 21

Kimball Electronics: In Continued Transition

Summary Kimball Electronics shares have declined ~15% since April despite announcing a strategic medical-focused acquisition. The $103M Helvoet deal expands Kimball's medical revenue and brings higher EBITDA margins, aligning with its margin-improvement strategy. Q3 results showed flat margins and low-single-digit revenue declines, tempering enthusiasm for near-term organic growth. Kimball trades at 19–20x earnings post-deal; while appeal is improving, lack of margin progress keeps me cautious on immediate involvement. Read the full article on Seeking Alpha
IPGP
US$91.70
IPG Photonics
7D
-12.1%
1Y
17.5%
FLEX
US$118.51
Flex
7D
-0.6%
1Y
137.1%
Seeking Alpha • Jul 21

Flex: A Strong Buy Before The AI Data Center Infrastructure Spin-Off

Summary I rate Flex Ltd. a Strong Buy with a $184 price target, implying 55% upside potential. The main growth drivers are Cloud and Cooling and the Power platform. Based on my assumptions, Cloud and Cooling contributes about $2.45 of incremental EPS by 2028, while Power adds another $0.95 as data center capacity expands and operating margins improve. I arrive at my Price target by applying a 26x FWD non-GAAP P/E multiple to my 2028 estimated EPS of $7.06. The largest risks are delays in hyperscaler projects, weaker CPI operating leverage, and higher-than-expected separation costs. Read the full article on Seeking Alpha
MEI
US$15.31
Methode Electronics
7D
2.1%
1Y
131.6%
Narrative Update • Jul 20

MEI: FY27 Guidance And Mixed Q4 Results Will Keep Risk Balanced

Analysts have raised their fair value estimate for Methode Electronics to $16.00 from $8.50, citing updated models that incorporate recent Q4 results, FY27 guidance, and a range of revised price targets from $16 to $25. Analyst Commentary Recent Street research on Methode Electronics reflects a mixed setup, with some analysts pointing to upside based on the latest Q4 results and FY27 guidance, while others highlight valuation and execution risks that could limit returns from current levels.
PLXS
US$254.45
Plexus
7D
1.5%
1Y
106.5%
Narrative Update • Jul 20

PLXS: Fair Outlook Balances Secular End Markets With Execution And Macro Risks

Plexus' fair value estimate has been raised from $173 to $258. This reflects higher analyst price targets and renewed confidence in the company's growth trajectory, margin potential, and positioning across aerospace and defense, semiconductor capital equipment, and emerging data center markets.
BHE
US$81.10
Benchmark Electronics
7D
3.4%
1Y
108.4%
SANM
US$208.43
Sanmina
7D
5.7%
1Y
111.4%
FWDI
US$3.89
Forward Industries
7D
-3.1%
1Y
-61.3%
CTS
US$59.99
CTS
7D
1.0%
1Y
44.8%
OPTX
US$7.05
Syntec Optics Holdings
7D
-5.9%
1Y
252.1%
NSYS
US$14.25
Nortech Systems
7D
2.7%
1Y
67.5%
FXHO
US$12.04
UTime
7D
-17.0%
1Y
-99.8%