Returns On Capital At Zebra Technologies (NASDAQ:ZBRA) Paint A Concerning Picture
May 12
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U.S. Electronic Equipment and Components Industry Analysis
UpdatedMay 12, 2025
DataAggregated Company Financials
Companies180
- 7D2.3%
- 3M-4.6%
- 1Y8.1%
- YTD-0.4%
Over the last 7 days, the Electronic Equipment and Components industry has risen 2.3%, driven by gains from CDW of 8.0%. Meanwhile, Fabrinet actually underperformed within the industry, shrinking 8.3% in the last week. In the last 12 months, the industry was up 8.1%. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 12 May 2025 | US$454.2b | US$375.4b | US$13.3b | 20.8x | 34x | 1.2x |
| Wed, 09 Apr 2025 | US$371.5b | US$371.4b | US$13.9b | 18.3x | 26.7x | 1x |
| Fri, 07 Mar 2025 | US$439.8b | US$371.1b | US$14.7b | 20.6x | 29.9x | 1.2x |
| Sun, 02 Feb 2025 | US$483.0b | US$370.8b | US$14.8b | 25.4x | 32.6x | 1.3x |
| Tue, 31 Dec 2024 | US$465.9b | US$368.1b | US$15.5b | 25.1x | 30x | 1.3x |
| Thu, 28 Nov 2024 | US$477.4b | US$369.6b | US$15.5b | 26.4x | 30.7x | 1.3x |
| Sat, 26 Oct 2024 | US$462.7b | US$372.2b | US$16.6b | 23.8x | 27.9x | 1.2x |
| Mon, 23 Sep 2024 | US$444.5b | US$323.9b | US$15.8b | 23.1x | 28.2x | 1.4x |
| Wed, 21 Aug 2024 | US$435.4b | US$324.3b | US$15.8b | 22.1x | 27.5x | 1.3x |
| Fri, 19 Jul 2024 | US$450.1b | US$329.1b | US$15.0b | 22.2x | 29.9x | 1.4x |
| Sun, 16 Jun 2024 | US$431.1b | US$331.2b | US$15.2b | 21x | 28.3x | 1.3x |
| Tue, 14 May 2024 | US$423.7b | US$331.4b | US$15.4b | 20.9x | 27.4x | 1.3x |
| Thu, 11 Apr 2024 | US$421.0b | US$338.7b | US$15.7b | 18.9x | 26.8x | 1.2x |
| Sat, 09 Mar 2024 | US$417.1b | US$341.2b | US$14.9b | 19.6x | 27.9x | 1.2x |
| Mon, 05 Feb 2024 | US$405.4b | US$348.6b | US$15.0b | 20x | 27.1x | 1.2x |
| Wed, 03 Jan 2024 | US$401.0b | US$352.2b | US$13.7b | 20.7x | 29.2x | 1.1x |
| Fri, 01 Dec 2023 | US$368.0b | US$353.4b | US$13.8b | 17.3x | 26.6x | 1x |
| Sun, 29 Oct 2023 | US$339.6b | US$357.6b | US$14.4b | 16.4x | 23.6x | 0.9x |
| Tue, 26 Sep 2023 | US$365.6b | US$360.4b | US$14.6b | 15.9x | 25x | 1x |
| Thu, 24 Aug 2023 | US$380.9b | US$360.3b | US$14.6b | 16.8x | 26.1x | 1.1x |
| Sat, 22 Jul 2023 | US$395.2b | US$361.5b | US$15.1b | 16.8x | 26.2x | 1.1x |
| Mon, 19 Jun 2023 | US$390.1b | US$362.8b | US$15.1b | 16.3x | 25.8x | 1.1x |
| Wed, 17 May 2023 | US$347.7b | US$362.4b | US$15.1b | 15.9x | 23.1x | 1x |
| Fri, 14 Apr 2023 | US$365.1b | US$361.4b | US$16.1b | 16.9x | 22.6x | 1x |
| Sun, 12 Mar 2023 | US$356.2b | US$359.3b | US$15.9b | 16.7x | 22.3x | 1x |
| Tue, 07 Feb 2023 | US$384.9b | US$358.1b | US$16.2b | 17.4x | 23.7x | 1.1x |
| Thu, 05 Jan 2023 | US$346.7b | US$354.0b | US$16.5b | 15.8x | 21x | 1x |
| Sat, 03 Dec 2022 | US$366.3b | US$353.0b | US$16.6b | 16.5x | 22.1x | 1x |
| Mon, 31 Oct 2022 | US$372.4b | US$350.0b | US$16.7b | 15.6x | 22.3x | 1.1x |
| Wed, 28 Sep 2022 | US$323.9b | US$346.2b | US$16.9b | 14.4x | 19.2x | 0.9x |
| Fri, 26 Aug 2022 | US$376.7b | US$334.5b | US$16.7b | 16.2x | 22.5x | 1.1x |
| Sun, 24 Jul 2022 | US$356.6b | US$326.6b | US$15.8b | 16.9x | 22.6x | 1.1x |
| Tue, 21 Jun 2022 | US$334.5b | US$317.6b | US$15.6b | 16.2x | 21.4x | 1.1x |
| Thu, 19 May 2022 | US$365.9b | US$317.3b | US$15.9b | 15.9x | 23x | 1.2x |
Price to Earnings Ratio
23x
Current Industry PE
- Investors are optimistic on the American Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.0x which is higher than its 3-year average PE of 25.9x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 5.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.8% 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 Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 0.30% | |
| Tech | 1.14% | |
| Electronic Equipment and Components | 2.33% | |
| Electronic Equipment and Instruments | 4.45% | |
| Technology Distributors | 4.39% | |
| Electronic Manufacturing Services | 1.55% | |
| Electronic Components | 0.42% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 37.2x.
- Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings decline of 29.8% per year.
- Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.7x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Electronic Equipment and Instruments industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CDW CDW | US$178.94 | 8.0% +US$1.7b | -19.4% | PE21.7x | |
| KEYS Keysight Technologies | US$154.12 | 4.6% +US$1.2b | 2.9% | PE43.6x | |
| TRMB Trimble | US$68.12 | 6.3% +US$961.5m | 19.4% | PE10.7x | |
| TEL TE Connectivity | US$152.88 | 2.0% +US$898.5m | 3.4% | PE32.6x | |
| APH Amphenol | US$80.88 | 0.9% +US$858.8m | 27.2% | PE37.4x |
