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U.S. Technology Distributors Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies30
  • 7D1.3%
  • 3M-2.5%
  • 1Y-5.9%
  • YTDn/a

Over the last 7 days, the Technology Distributors industry has risen 1.3%, driven by gains from CDW of 5.4%. In the same time, Insight Enterprises was down 9.9%. However, the industry is down 5.9% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the U.S. Technology Distributors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026US$52.2bUS$209.8bUS$3.5b14.9x14.9x0.2x
Sun, 15 Feb 2026US$56.7bUS$208.2bUS$3.5b16.3x16.4x0.3x
Tue, 13 Jan 2026US$53.0bUS$205.7bUS$3.4b17x15.8x0.3x
Thu, 11 Dec 2025US$55.8bUS$204.1bUS$3.3b18.3x16.9x0.3x
Sat, 08 Nov 2025US$53.8bUS$204.1bUS$3.3b17.5x16.3x0.3x
Mon, 06 Oct 2025US$58.9bUS$201.8bUS$3.3b18x18x0.3x
Wed, 03 Sep 2025US$59.4bUS$200.8bUS$3.2b16.8x18.3x0.3x
Fri, 01 Aug 2025US$62.1bUS$198.2bUS$3.3b16.4x18.8x0.3x
Sun, 29 Jun 2025US$60.1bUS$198.1bUS$3.3b17.4x18.2x0.3x
Tue, 27 May 2025US$58.5bUS$197.1bUS$3.3b16.2x18x0.3x
Thu, 24 Apr 2025US$51.8bUS$196.5bUS$3.3b14.9x15.8x0.3x
Sat, 22 Mar 2025US$57.6bUS$195.9bUS$3.3b16.1x17.6x0.3x
Mon, 17 Feb 2025US$64.1bUS$195.5bUS$3.3b18.9x19.2x0.3x
Wed, 15 Jan 2025US$63.0bUS$196.8bUS$3.6b18.2x17.6x0.3x
Fri, 13 Dec 2024US$62.3bUS$195.3bUS$3.6b17.1x17.5x0.3x
Sun, 10 Nov 2024US$66.5bUS$195.5bUS$3.6b17.3x18.7x0.3x
Tue, 08 Oct 2024US$65.0bUS$149.9bUS$3.5b22.5x18.7x0.4x
Thu, 05 Sep 2024US$63.2bUS$149.2bUS$3.4b21.3x18.4x0.4x
Sat, 03 Aug 2024US$62.8bUS$150.4bUS$3.5b19.4x17.9x0.4x
Mon, 01 Jul 2024US$62.9bUS$152.4bUS$3.6b20.6x17.4x0.4x
Wed, 29 May 2024US$66.7bUS$152.5bUS$3.6b17.7x18.5x0.4x
Fri, 26 Apr 2024US$65.6bUS$155.6bUS$3.9b16.4x16.7x0.4x
Sun, 24 Mar 2024US$66.3bUS$156.7bUS$3.9b15.1x16.9x0.4x
Tue, 20 Feb 2024US$63.1bUS$156.7bUS$3.9b13.3x16.1x0.4x
Thu, 18 Jan 2024US$60.3bUS$159.9bUS$4.2b14.7x14.5x0.4x
Sat, 16 Dec 2023US$62.3bUS$161.7bUS$4.2b12.4x14.8x0.4x
Mon, 13 Nov 2023US$57.1bUS$161.7bUS$4.2b11.2x13.6x0.4x
Wed, 11 Oct 2023US$58.6bUS$164.4bUS$4.3b11.8x13.6x0.4x
Fri, 08 Sep 2023US$59.6bUS$165.8bUS$4.3b11.3x13.8x0.4x
Sun, 06 Aug 2023US$56.4bUS$165.5bUS$4.4b12.7x12.8x0.3x
Tue, 04 Jul 2023US$55.3bUS$167.5bUS$4.6b12.6x12.1x0.3x
Thu, 01 Jun 2023US$51.9bUS$168.7bUS$4.6b11.1x11.3x0.3x
Sat, 29 Apr 2023US$49.6bUS$170.2bUS$4.7b9.4x10.5x0.3x
Mon, 27 Mar 2023US$54.2bUS$170.3bUS$4.7b12.2x11.6x0.3x
Price to Earnings Ratio

11.6x


Total Market Cap: US$54.2bTotal Earnings: US$4.7bTotal Revenue: US$170.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Technology Distributors Industry Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Technology Distributors industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
  • The earnings for companies in the Technology Distributors industry have declined 9.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.2% per year.
  • This means that although more sales are being generated, 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. Technology Distributors compare with similar industries?

US Market-0.66%
Tech-0.29%
Electronic Equipment and Components2.34%
Technology Distributors1.30%
Electronic Manufacturing Services3.40%
Electronic Components2.53%
Electronic Equipment and Instruments1.24%
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
CDW CDWUS$120.273.5%
+US$530.2m		-27.4%PE14.5x
INGM Ingram Micro HoldingUS$22.133.1%
+US$157.5m		14.6%PE15.9x

Latest News

SNX
US$152.77
TD SYNNEX
7D
-0.2%
1Y
19.6%

SNX: Future Returns Will Be Driven By Hyve Execution And AI Offerings

Analyst price targets for TD SYNNEX have remained within a relatively tight range, with changes between $163 and $193 reflecting differing views on billings growth potential, the contribution from Hyve, and the impact of hardware budget pressures tied to memory price inflation. Analyst Commentary Bullish Takeaways Bullish analysts see room for solid execution in both core distribution and Hyve, with some expecting billings growth in the mid to high single digits for distribution and higher growth for Hyve supporting their targets.
ARW
US$136.64
Arrow Electronics
7D
-2.7%
1Y
30.9%

ARW: Higher Multiples And Thin Margins Will Constrain Future Returns

Analysts have raised their Arrow Electronics fair value estimate from $94.00 to $115.00, citing updated assumptions on revenue growth, profit margin, discount rate, and a lower future P/E multiple as the key drivers of this change. What's in the News Elevate Quantum, Arrow Electronics, and several quantum technology partners launched the Quantum Platform for the Advancement of Commercialization (Q PAC), described as the first commercially deployable Quantum Open Architecture system in the US and built using the open, modular Quantum Utility Block framework (Key Developments).
PLUS
US$74.42
ePlus
7D
-1.7%
1Y
16.0%

PLUS: Raised Guidance And Buybacks Will Support Future Upside Potential

Analysts have kept their fair value estimate for ePlus steady at $126. This is supported by largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E, leading to no shift in the overall price target narrative.
CNXN
US$56.26
PC Connection
7D
-6.0%
1Y
-8.7%
SCSC
US$34.67
ScanSource
7D
-3.3%
1Y
-1.9%
NSIT
US$70.75
Insight Enterprises
7D
-12.5%
1Y
-54.1%

NSIT: High Conviction Listing And Buybacks Will Support Long Term Upside

Analysts have reset their price target on Insight Enterprises to $120 from $235, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E, even though the stock remains included on some firms' high-conviction idea lists for 2026. Analyst Commentary Bullish analysts are still highlighting Insight Enterprises as one of their preferred ideas for 2026, even with price targets reset to reflect updated assumptions on discount rate, revenue, margins and future P/E.
INGM
US$22.13
Ingram Micro Holding
7D
3.1%
1Y
14.6%
AVT
US$58.45
Avnet
7D
-2.1%
1Y
24.4%

AVT: Raised Outlook Will Depend On Uncertain Execution And Margin Delivery

The analyst price target for Avnet has been raised from $43 to $48, reflecting updated assumptions on revenue growth, profit margins, and a lower future P/E multiple based on recent research from major firms. Analyst Commentary Recent research updates on Avnet highlight a split between higher price targets and a cautious tone on what the company needs to deliver to justify those assumptions.
CDW
US$120.27
CDW
7D
3.5%
1Y
-27.4%
AMCI
US$6.86
AMC Robotics
7D
-13.7%
1Y
-40.7%