Narrative Update • Jun 29
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- 7D1.3%
- 3M40.6%
- 1Y95.9%
- YTD52.2%
In the last week, the Electronic Equipment and Components industry is up 1.3%, with Corning up 22%. During this same period, the Coherent underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 96%. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Tue, 30 Jun 2026 | US$978.1b | US$433.6b | US$17.6b | 31.4x | 55.7x | 2.3x |
| Thu, 28 May 2026 | US$932.1b | US$427.9b | US$17.3b | 29.6x | 53.8x | 2.2x |
| Sat, 25 Apr 2026 | US$868.8b | US$411.8b | US$16.3b | 27.6x | 53.3x | 2.1x |
| Mon, 23 Mar 2026 | US$699.8b | US$408.4b | US$15.4b | 28.5x | 45.4x | 1.7x |
| Wed, 18 Feb 2026 | US$750.1b | US$404.8b | US$15.0b | 28.1x | 49.9x | 1.9x |
| Fri, 16 Jan 2026 | US$679.5b | US$395.3b | US$16.0b | 28x | 42.4x | 1.7x |
| Sun, 14 Dec 2025 | US$661.8b | US$396.0b | US$16.2b | 24.8x | 41x | 1.7x |
| Tue, 11 Nov 2025 | US$660.9b | US$395.9b | US$16.0b | 25.8x | 41.2x | 1.7x |
| Thu, 09 Oct 2025 | US$628.8b | US$388.4b | US$13.7b | 25.5x | 45.9x | 1.6x |
| Sat, 06 Sep 2025 | US$590.0b | US$386.6b | US$13.5b | 23.9x | 43.8x | 1.5x |
| Mon, 04 Aug 2025 | US$561.4b | US$383.9b | US$15.0b | 22.8x | 37.4x | 1.5x |
| Wed, 02 Jul 2025 | US$529.8b | US$377.8b | US$13.5b | 24.4x | 39.2x | 1.4x |
| Fri, 30 May 2025 | US$482.4b | US$375.7b | US$13.4b | 21.8x | 36.1x | 1.3x |
| Sun, 27 Apr 2025 | US$428.3b | US$373.3b | US$13.6b | 19.6x | 31.5x | 1.1x |
| Tue, 25 Mar 2025 | US$438.5b | US$371.0b | US$13.9b | 21.4x | 31.5x | 1.2x |
| Thu, 20 Feb 2025 | US$477.2b | US$370.8b | US$14.8b | 23.9x | 32.2x | 1.3x |
| Sat, 18 Jan 2025 | US$475.2b | US$369.6b | US$15.6b | 25.9x | 30.6x | 1.3x |
| Mon, 16 Dec 2024 | US$478.3b | US$369.6b | US$15.6b | 26.4x | 30.6x | 1.3x |
| Wed, 13 Nov 2024 | US$487.1b | US$369.8b | US$15.8b | 24.2x | 30.7x | 1.3x |
| Fri, 11 Oct 2024 | US$454.1b | US$323.1b | US$15.9b | 23.7x | 28.6x | 1.4x |
| Sun, 08 Sep 2024 | US$410.6b | US$323.9b | US$15.8b | 21.6x | 26x | 1.3x |
| Tue, 06 Aug 2024 | US$405.6b | US$325.4b | US$14.5b | 21.3x | 28x | 1.2x |
| Thu, 04 Jul 2024 | US$429.4b | US$329.2b | US$15.1b | 21.8x | 28.4x | 1.3x |
| Sat, 01 Jun 2024 | US$433.0b | US$331.3b | US$15.3b | 21.5x | 28.4x | 1.3x |
| Mon, 29 Apr 2024 | US$409.9b | US$338.7b | US$15.9b | 18.8x | 25.8x | 1.2x |
| Wed, 27 Mar 2024 | US$416.0b | US$338.7b | US$15.7b | 18.8x | 26.6x | 1.2x |
| Fri, 23 Feb 2024 | US$401.1b | US$341.1b | US$14.9b | 19x | 26.9x | 1.2x |
| Sun, 21 Jan 2024 | US$390.4b | US$350.3b | US$13.7b | 19.4x | 28.5x | 1.1x |
| Tue, 19 Dec 2023 | US$404.4b | US$352.2b | US$13.7b | 21.1x | 29.5x | 1.1x |
| Thu, 16 Nov 2023 | US$367.6b | US$353.6b | US$13.9b | 19x | 26.5x | 1x |
| Sat, 14 Oct 2023 | US$358.6b | US$358.4b | US$14.4b | 16.7x | 24.9x | 1x |
| Mon, 11 Sep 2023 | US$374.6b | US$360.4b | US$14.6b | 15.6x | 25.6x | 1x |
| Wed, 09 Aug 2023 | US$390.2b | US$359.5b | US$15.1b | 17.5x | 25.8x | 1.1x |
| Fri, 07 Jul 2023 | US$390.0b | US$361.6b | US$15.0b | 17x | 25.9x | 1.1x |
Price to Earnings Ratio
25.9x
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 55.7x which is higher than its 3-year average PE of 34.4x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 6.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 0.31% | |
| Tech | -1.87% | |
| Electronic Equipment and Components | 1.29% | |
| Electronic Components | 5.56% | |
| Technology Distributors | -0.14% | |
| Electronic Equipment and Instruments | -2.50% | |
| Electronic Manufacturing Services | -3.99% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 56.0x.
- Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings growth of 7.8% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.7x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| GLW Corning | US$255.69 | 21.9% +US$39.5b | 386.2% | PE121.6x | |
| FLEX Flex | US$159.56 | 5.1% +US$2.8b | 229.1% | PE66.4x | |
| CDW CDW | US$139.82 | 13.2% +US$2.1b | -21.7% | PE16.6x | |
| TDY Teledyne Technologies | US$641.22 | 4.0% +US$1.1b | 25.2% | PE31.8x | |
| APH Amphenol | US$166.42 | 0.3% +US$565.9m | 68.5% | PE45.8x |
