Narrative Update • May 14

TD SYNNEX is up 10%, leading the way for the Technology Distributors industry, which has gained 6.4%. In the last 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 19% per annum.
Has the U.S. Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | US$71.1b | US$219.3b | US$3.8b | 17.9x | 18.5x | 0.3x |
| Tue, 28 Apr 2026 | US$66.9b | US$212.4b | US$3.6b | 16.7x | 18.4x | 0.3x |
| Thu, 26 Mar 2026 | US$54.0b | US$209.8b | US$3.5b | 15.4x | 15.4x | 0.3x |
| Sat, 21 Feb 2026 | US$56.1b | US$208.2b | US$3.5b | 16.4x | 16.2x | 0.3x |
| Mon, 19 Jan 2026 | US$53.1b | US$205.7b | US$3.4b | 17.2x | 15.8x | 0.3x |
| Wed, 17 Dec 2025 | US$54.5b | US$204.1b | US$3.3b | 17.3x | 16.6x | 0.3x |
| Fri, 14 Nov 2025 | US$55.1b | US$204.1b | US$3.3b | 17.6x | 16.7x | 0.3x |
| Sun, 12 Oct 2025 | US$55.1b | US$201.8b | US$3.3b | 17.3x | 16.8x | 0.3x |
| Tue, 09 Sep 2025 | US$60.2b | US$200.8b | US$3.2b | 17.6x | 18.6x | 0.3x |
| Thu, 07 Aug 2025 | US$57.4b | US$199.4b | US$3.3b | 17.1x | 17.6x | 0.3x |
| Sat, 05 Jul 2025 | US$62.5b | US$198.1b | US$3.3b | 17.9x | 18.9x | 0.3x |
| Mon, 02 Jun 2025 | US$58.4b | US$197.1b | US$3.3b | 16.6x | 18x | 0.3x |
| Wed, 30 Apr 2025 | US$54.3b | US$196.5b | US$3.3b | 14.7x | 16.5x | 0.3x |
| Fri, 28 Mar 2025 | US$57.2b | US$196.5b | US$3.3b | 16.3x | 17.4x | 0.3x |
| Sun, 23 Feb 2025 | US$63.2b | US$195.5b | US$3.3b | 18.6x | 19x | 0.3x |
| Tue, 21 Jan 2025 | US$64.2b | US$196.8b | US$3.6b | 18.5x | 18x | 0.3x |
| Thu, 19 Dec 2024 | US$60.9b | US$195.3b | US$3.6b | 15.8x | 17.2x | 0.3x |
| Sat, 16 Nov 2024 | US$61.2b | US$195.3b | US$3.5b | 15.9x | 17.2x | 0.3x |
| Mon, 14 Oct 2024 | US$65.4b | US$149.9b | US$3.5b | 21.8x | 18.8x | 0.4x |
| Wed, 11 Sep 2024 | US$61.8b | US$149.2b | US$3.4b | 21x | 18x | 0.4x |
| Fri, 09 Aug 2024 | US$60.2b | US$150.4b | US$3.5b | 20.6x | 17.1x | 0.4x |
| Sun, 07 Jul 2024 | US$61.0b | US$152.4b | US$3.6b | 20.2x | 16.9x | 0.4x |
| Tue, 04 Jun 2024 | US$65.2b | US$152.5b | US$3.6b | 17.7x | 18x | 0.4x |
| Thu, 02 May 2024 | US$65.3b | US$154.5b | US$3.8b | 16x | 17.1x | 0.4x |
| Sat, 30 Mar 2024 | US$67.4b | US$155.6b | US$3.9b | 15.6x | 17.2x | 0.4x |
| Mon, 26 Feb 2024 | US$64.5b | US$156.7b | US$3.9b | 12.8x | 16.4x | 0.4x |
| Wed, 24 Jan 2024 | US$62.4b | US$159.9b | US$4.2b | 14.9x | 15x | 0.4x |
| Fri, 22 Dec 2023 | US$62.1b | US$161.7b | US$4.2b | 12.4x | 14.8x | 0.4x |
| Sun, 19 Nov 2023 | US$58.4b | US$161.7b | US$4.2b | 11.4x | 13.9x | 0.4x |
| Tue, 17 Oct 2023 | US$57.6b | US$164.4b | US$4.3b | 11.9x | 13.4x | 0.4x |
| Thu, 14 Sep 2023 | US$58.7b | US$165.8b | US$4.3b | 11.3x | 13.6x | 0.4x |
| Sat, 12 Aug 2023 | US$57.9b | US$165.6b | US$4.4b | 12.2x | 13.1x | 0.3x |
| Mon, 10 Jul 2023 | US$55.3b | US$167.5b | US$4.6b | 12.6x | 12.1x | 0.3x |
| Wed, 07 Jun 2023 | US$51.9b | US$168.7b | US$4.6b | 11.8x | 11.3x | 0.3x |
11.3x
How does U.S. Technology Distributors compare with similar industries?
| US Market | 1.58% | |
| Tech | 4.73% | |
| Electronic Equipment and Components | 1.82% | |
| Technology Distributors | 6.61% | |
| Electronic Manufacturing Services | 3.15% | |
| Electronic Components | 1.58% | |
| Electronic Equipment and Instruments | -1.04% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SNX TD SYNNEX | US$261.28 | 10.1% +US$1.9b | 115.3% | PE21.4x | |
| CDW CDW | US$125.45 | 13.2% +US$1.9b | -30.4% | PE14.9x | |
| INGM Ingram Micro Holding | US$28.25 | 6.0% +US$371.0m | 47.7% | PE18.2x | |
| NSIT Insight Enterprises | US$106.38 | 8.9% +US$261.3m | -18.4% | PE17.9x | |
| AVT Avnet | US$86.93 | 1.2% +US$83.7m | 73.8% | PE33.3x |