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U.S. Technology Distributors Industry Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies31
  • 7D-1.0%
  • 3M1.2%
  • 1Y28.1%
  • YTDn/a

The Technology Distributors industry has been flat over the last week, but CDW has lost 7.5%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026US$77.1bUS$236.8bUS$4.4b18.3x17.7x0.3x
Sun, 09 Aug 2026US$75.7bUS$236.7bUS$4.1b16.8x18.6x0.3x
Tue, 07 Jul 2026US$69.2bUS$223.9bUS$4.0b17.4x17.3x0.3x
Thu, 04 Jun 2026US$77.0bUS$219.3bUS$3.8b19.2x20x0.4x
Sat, 02 May 2026US$67.5bUS$216.0bUS$3.7b16.5x18.4x0.3x
Mon, 30 Mar 2026US$52.4bUS$209.8bUS$3.5b14.8x14.9x0.2x
Wed, 25 Feb 2026US$55.5bUS$208.2bUS$3.5b15.9x16x0.3x
Fri, 23 Jan 2026US$52.6bUS$205.7bUS$3.4b17.4x15.7x0.3x
Sun, 21 Dec 2025US$54.4bUS$204.1bUS$3.3b17.4x16.5x0.3x
Tue, 18 Nov 2025US$54.0bUS$204.1bUS$3.3b17.1x16.4x0.3x
Thu, 16 Oct 2025US$56.8bUS$201.8bUS$3.3b18.1x17.3x0.3x
Sat, 13 Sep 2025US$60.5bUS$200.8bUS$3.2b18x18.6x0.3x
Mon, 11 Aug 2025US$57.9bUS$200.8bUS$3.2b17.4x17.9x0.3x
Wed, 09 Jul 2025US$61.1bUS$198.1bUS$3.3b17.4x18.5x0.3x
Fri, 06 Jun 2025US$58.1bUS$197.1bUS$3.3b16.8x17.9x0.3x
Sun, 04 May 2025US$55.8bUS$195.9bUS$3.2b15x17.3x0.3x
Tue, 01 Apr 2025US$53.8bUS$196.5bUS$3.3b15.6x16.4x0.3x
Thu, 27 Feb 2025US$61.8bUS$195.5bUS$3.3b18.1x18.5x0.3x
Sat, 25 Jan 2025US$66.7bUS$196.8bUS$3.6b19.1x18.7x0.3x
Mon, 23 Dec 2024US$59.6bUS$195.3bUS$3.6b16.2x16.8x0.3x
Wed, 20 Nov 2024US$60.6bUS$195.3bUS$3.5b16.3x17.1x0.3x
Fri, 18 Oct 2024US$65.9bUS$149.9bUS$3.5b22.2x18.9x0.4x
Sun, 15 Sep 2024US$63.2bUS$149.2bUS$3.4b21.9x18.4x0.4x
Tue, 13 Aug 2024US$61.8bUS$149.4bUS$3.4b19.8x18x0.4x
Thu, 11 Jul 2024US$60.8bUS$152.4bUS$3.6b20.1x16.8x0.4x
Sat, 08 Jun 2024US$64.8bUS$152.5bUS$3.6b17.5x17.9x0.4x
Mon, 06 May 2024US$62.5bUS$152.6bUS$3.6b16x17.2x0.4x
Wed, 03 Apr 2024US$66.9bUS$155.6bUS$3.9b16x17x0.4x
Fri, 01 Mar 2024US$64.3bUS$156.7bUS$3.9b14.9x16.4x0.4x
Sun, 28 Jan 2024US$62.3bUS$159.9bUS$4.2b14.8x15x0.4x
Tue, 26 Dec 2023US$62.9bUS$161.7bUS$4.2b12.6x15x0.4x
Thu, 23 Nov 2023US$58.9bUS$161.7bUS$4.2b11.3x14x0.4x
Sat, 21 Oct 2023US$55.5bUS$164.4bUS$4.3b11.6x12.9x0.3x
Mon, 18 Sep 2023US$58.7bUS$165.8bUS$4.3b11.7x13.6x0.4x
Price to Earnings Ratio

13.6x


Total Market Cap: US$58.7bTotal Earnings: US$4.3bTotal Revenue: US$165.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Technology Distributors Industry Price to Earnings3Y Average 17x202420252026
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 17.0x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.

Industry Comparison

How does U.S. Technology Distributors compare with similar industries?

US Market-0.22%
Tech1.35%
Electronic Equipment and Components4.86%
Technology Distributors-0.99%
Electronic Components7.82%
Electronic Manufacturing Services4.04%
Electronic Equipment and Instruments1.49%
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
AVT AvnetUS$92.972.4%
+US$176.5m		71.8%PE22.8x
ARW Arrow ElectronicsUS$213.441.2%
+US$130.8m		65.1%PE13.4x
ADIG ADI Global DistributionUS$21.414.8%
+US$75.2m		n/aPE38.7x
RELL Richardson ElectronicsUS$17.040.4%
+US$881.5k		71.9%PE39.2x

Latest News

INGM
US$26.37
Ingram Micro Holding
7D
-7.6%
1Y
24.5%
SNX
US$255.54
TD SYNNEX
7D
-2.7%
1Y
67.7%
Seeking Alpha • 13h

TD Synnex: Hyve Strengthens The Story, But The Valuation Already Reflects Much Of It

Summary TD Synnex is rated Hold, as Hyve's profit growth is offset by concerns over cash conversion and working capital demands. SNX commands a valuation premium to peers due to Hyve's growth, but lacks evidence of sustainable margin expansion or robust free cash flow. Working capital absorption and increased use of external financing have led to weak cash flow despite rising profits, making cash conversion the key metric to monitor. September 24’s report is pivotal; a shift to Buy requires clear improvement in cash returns and stable leverage, not just profit growth. Read the full article on Seeking Alpha
CDW
US$142.62
CDW
7D
-7.3%
1Y
-13.9%
Seeking Alpha • 18h

CDW: A Balancing Act

Summary CDW shows EPS growth driven by top line gains and buybacks, but underlying quality is tempered by margin pressure and reliance on M&A. Despite a 50% rebound from spring lows, CDW trades at non-demanding multiples, yet leverage and persistent margin risks limit valuation appeal. Recent bolt-on acquisition of Lovelytics expands AI/data capabilities but is expected to have only an immaterial near-term financial impact. I remain cautious on CDW given modest organic growth, margin vulnerability, and leverage, preferring a wait-and-see stance despite tactical improvements. Read the full article on Seeking Alpha
NSIT
US$155.87
Insight Enterprises
7D
-2.1%
1Y
20.6%
Narrative Update • Sep 08

NSIT: AI Services Execution And Buybacks Will Support Balanced Rerating

Insight Enterprises' analyst price target has been reset higher from about $107.50 to roughly $163.75 as analysts point to stronger Q2 execution, AI driven demand for services, and improved operating leverage under new leadership. Analyst Commentary Recent research on Insight Enterprises highlights a clear split between enthusiasm around execution and AI related growth, and caution around how much of that story may already be priced into the stock.
SCSC
US$55.53
ScanSource
7D
-4.0%
1Y
22.3%
RELL
US$17.04
Richardson Electronics
7D
0.4%
1Y
71.9%
Narrative Update • Sep 05

RELL: Future Returns Will Depend On Backlog Conversion And Margin Expansion

Analysts have raised their fair value estimate for Richardson Electronics from $14.00 to $17.00. They cite recent research that points to a potential growth inflection supported by a stronger backlog, faster sales growth, and expanding opportunities in Green Energy Solutions, along with a favorable upcycle in Power and Microwave Technologies.
ARW
US$213.44
Arrow Electronics
7D
1.2%
1Y
65.1%
Narrative Update • Sep 05

ARW: Expanding AI Partnerships And Buybacks Will Support Fair Future P/E

Analysts have raised their price target on Arrow Electronics from $175 to $200, citing updated assumptions around discount rates, revenue, profit margins and future P/E that they see as better reflecting the company’s current outlook. What’s in the News for Arrow Electronics Arrow Electronics was awarded distribution rights for the Hewlett Packard Enterprise Networking product portfolio across North America and select EMEA countries, expanding access for channel partners to campus, data center, cloud managed networking and AI native infrastructure solutions.
CNXN
US$82.59
PC Connection
7D
-1.1%
1Y
26.8%
AVT
US$92.97
Avnet
7D
2.4%
1Y
71.8%
Narrative Update • Sep 04

AVT: Analog And Mixed Signal Strength Will Support Measured Repricing Ahead

Analysts have raised their fair value estimate for Avnet from $96.00 to $120.00, supported by higher price targets that reflect expectations for above seasonal growth in the Analog and Mixed Signal segment in upcoming quarters. What’s in the News for Avnet Avnet approved a 5.7% increase in its quarterly cash dividend to US$0.37 per share, with payment scheduled for September 23, 2026, to shareholders of record on September 9, 2026.
PLUS
US$88.01
ePlus
7D
-3.1%
1Y
17.5%
Seeking Alpha • Aug 27

ePlus: Not Much Has Changed To Convince Me To Start A Position

Summary ePlus inc. has underperformed the S&P 500 over the past three years, with only 79% returns versus 89%. Recent quarters show flat top-line growth, deteriorating margins, and higher operating expenses, despite a strong cash position and no debt. AI, security, and data center order books offer potential, but revenue mix remains hardware-heavy, limiting margin expansion. I remain neutral on PLUS stock, awaiting evidence of sustained growth and improved profitability before considering a position. Read the full article on Seeking Alpha
ADIG
US$21.41
ADI Global Distribution
7D
4.8%
1Y
n/a
CLMB
US$26.87
Climb Global Solutions
7D
-4.6%
1Y
-17.7%
Seeking Alpha • Aug 02

Climb Global Solutions: Focus Shifts From Earnings To AI (Rating Downgrade)

Summary Climb Global Solutions, Inc. reported mixed Q2 results. Topline growth has remained good, driven by CLMB's growth with existing and new software vendors. Profitability declined in Q2 due to increased SG&A. AI could threaten CLMB's software vendors, ultimately causing significant uncertainty in CLMB's long-term outlook. I estimate CLMB stock to have 28% upside to $34.4, but such upside is uncertain. Read the full article on Seeking Alpha