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U.S. Electronic Equipment and Components Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies184
  • 7D0.3%
  • 3M5.3%
  • 1Y42.5%
  • YTD44.0%

The Electronic Equipment and Components is pretty flat in the last 7 days, but Amphenol has stood out, gaining 4.7%. The past year has been better, since the industry has gained 43% in that time. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025US$647.8bUS$397.3bUS$16.2b24.9x40x1.6x
Mon, 17 Nov 2025US$635.6bUS$395.9bUS$16.0b23.7x39.7x1.6x
Wed, 15 Oct 2025US$623.1bUS$388.4bUS$13.7b25.4x45.4x1.6x
Fri, 12 Sep 2025US$608.2bUS$386.6bUS$13.5b24.2x45x1.6x
Sun, 10 Aug 2025US$579.2bUS$386.1bUS$13.7b23.8x42.4x1.5x
Tue, 08 Jul 2025US$544.3bUS$377.6bUS$13.6b24.2x40x1.4x
Thu, 05 Jun 2025US$492.5bUS$375.7bUS$13.4b21.6x36.8x1.3x
Sat, 03 May 2025US$433.9bUS$373.7bUS$13.5b20.2x32.1x1.2x
Mon, 31 Mar 2025US$422.9bUS$371.3bUS$13.9b20.5x30.4x1.1x
Wed, 26 Feb 2025US$462.5bUS$370.9bUS$14.8b22.5x31.2x1.2x
Fri, 24 Jan 2025US$506.7bUS$370.7bUS$14.4b26.8x35.2x1.4x
Sun, 22 Dec 2024US$463.8bUS$368.2bUS$15.5b25.7x29.9x1.3x
Tue, 19 Nov 2024US$458.3bUS$369.6bUS$15.8b23.5x28.9x1.2x
Thu, 17 Oct 2024US$455.0bUS$323.1bUS$15.9b23.9x28.7x1.4x
Sat, 14 Sep 2024US$424.0bUS$323.9bUS$15.8b22.2x26.9x1.3x
Mon, 12 Aug 2024US$409.8bUS$324.3bUS$15.6b21x26.3x1.3x
Wed, 10 Jul 2024US$434.8bUS$329.2bUS$15.1b21.2x28.8x1.3x
Fri, 07 Jun 2024US$433.3bUS$331.3bUS$15.2b21.5x28.4x1.3x
Sun, 05 May 2024US$412.5bUS$331.7bUS$15.4b19.6x26.8x1.2x
Tue, 02 Apr 2024US$423.1bUS$338.7bUS$15.7b18.9x27x1.2x
Thu, 29 Feb 2024US$408.7bUS$341.2bUS$14.9b18.8x27.4x1.2x
Sat, 27 Jan 2024US$400.8bUS$350.4bUS$15.2b19.8x26.4x1.1x
Mon, 25 Dec 2023US$406.9bUS$352.2bUS$13.7b21.2x29.6x1.2x
Wed, 22 Nov 2023US$369.5bUS$353.7bUS$13.9b18.4x26.6x1x
Fri, 20 Oct 2023US$350.7bUS$358.4bUS$14.4b16.8x24.3x1x
Sun, 17 Sep 2023US$372.3bUS$360.4bUS$14.6b15.7x25.5x1x
Tue, 15 Aug 2023US$388.6bUS$359.6bUS$15.0b15.5x26x1.1x
Thu, 13 Jul 2023US$403.4bUS$361.6bUS$15.1b17.6x26.8x1.1x
Sat, 10 Jun 2023US$373.2bUS$362.6bUS$15.1b16.9x24.7x1x
Mon, 08 May 2023US$347.1bUS$359.8bUS$15.1b16.6x23x1x
Wed, 05 Apr 2023US$365.7bUS$361.4bUS$16.2b16.9x22.6x1x
Fri, 03 Mar 2023US$371.0bUS$359.2bUS$16.0b17.1x23.2x1x
Sun, 29 Jan 2023US$374.9bUS$356.4bUS$16.6b16.7x22.6x1.1x
Tue, 27 Dec 2022US$337.3bUS$354.0bUS$16.5b15.4x20.4x1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$337.3bTotal Earnings: US$16.5bTotal Revenue: US$354.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 29.8x202320242025
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 40.0x which is higher than its 3-year average PE of 29.8x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% 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 Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market-0.062%
Tech0.35%
Electronic Equipment and Components0.27%
Electronic Components2.64%
Electronic Equipment and Instruments-1.31%
Electronic Manufacturing Services-1.48%
Technology Distributors-1.81%
Industry PE
  • Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 44.1x.
    • Analysts are expecting annual earnings growth of 24.1%, which is lower than the prior year's growth of 27.6% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 15.8x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
APH AmphenolUS$135.294.7%
+US$7.4b		91.7%PE43.3x
COHR CoherentUS$185.834.2%
+US$1.2b		90.3%PE247x
JBL JabilUS$226.621.9%
+US$454.0m		56.3%PE34.4x
CGNX CognexUS$36.803.2%
+US$192.7m		2.9%PE56x
FN FabrinetUS$475.471.0%
+US$164.1m		114.9%PE48.5x

Latest News

TRMB
US$80.88
Trimble
7D
0.8%
1Y
12.9%
COHR
US$185.83
Coherent
7D
4.2%
1Y
90.3%
GLW
US$87.86
Corning
7D
-0.5%
1Y
85.7%
JBL
US$226.62
Jabil
7D
1.9%
1Y
56.3%

JBL: AI Cybersecurity Partnership Will Drive Strong Medium Term Upside

Analysts have raised their price target on Jabil from 245.63 dollars to 259.25 dollars. This reflects slightly stronger expectations for revenue growth and profit margins, as well as a modestly lower discount rate, partially offset by a slightly lower future price to earnings multiple.
ZBRA
US$251.65
Zebra Technologies
7D
-6.2%
1Y
-36.0%

ZBRA: Tariff Headwinds Will Ease After 2025 Supporting Margin Recovery

Analysts have modestly lowered their average price target on Zebra Technologies, trimming expectations by a few dollars per share to reflect concerns about slowing organic growth and a cautious extrapolation of the latest Q4 guidance into the medium term. Analyst Commentary Recent Street research on Zebra Technologies reflects a mixed but generally constructive stance, with pricing adjustments fine tuning expectations rather than signaling a wholesale change in the underlying thesis.
FLEX
US$64.24
Flex
7D
-6.6%
1Y
66.3%

FLEX: AI And Data Center Demand Will Drive Multi-Year Earnings Upside

The analyst price target for Flex has been raised from $64 to $78 per share, reflecting analysts' increased conviction in faster revenue growth, stronger margins, and higher future earnings multiples supported by robust Q2 results, upgraded AI and data center expectations, and a sustained mix shift toward higher-value power, cloud, and auto end markets. Analyst Commentary Bullish analysts are broadly revising their models higher following Flex's fiscal Q2 beat, pointing to a combination of stronger execution, higher quality revenue mix, and increasing visibility into key secular growth drivers such as AI, data centers, and autos.
SANM
US$151.52
Sanmina
7D
-5.7%
1Y
97.8%

SANM: AI Datacenter Rack Expansion Will Drive Future Upside Potential

Analysts nudged their price target on Sanmina higher to $180 from $150, citing a strong fiscal Q4, improving communications end market dynamics, and expanding AI datacenter rack opportunities, even as they flag ongoing macro uncertainty and execution risk around integrating and ramping the ZT Systems business with AMD. Analyst Commentary Bullish analysts highlight that the higher price target reflects greater confidence in Sanmina's medium term growth algorithm, supported by a stronger than expected fiscal Q4 and improving visibility in key growth markets.
TTMI
US$70.38
TTM Technologies
7D
-4.2%
1Y
183.7%
FN
US$475.47
Fabrinet
7D
1.0%
1Y
114.9%
KEYS
US$202.47
Keysight Technologies
7D
-3.0%
1Y
24.0%
CGNX
US$36.80
Cognex
7D
3.2%
1Y
2.9%
CDW
US$140.65
CDW
7D
-3.0%
1Y
-19.4%
AMCI
US$9.66
AMC Robotics
7D
256.5%
1Y
-14.9%
RAL
US$52.27
Ralliant
7D
2.6%
1Y
n/a

Estimating The Intrinsic Value Of Ralliant Corporation (NYSE:RAL)

Dec 09
Estimating The Intrinsic Value Of Ralliant Corporation (NYSE:RAL)
APH
US$135.29
Amphenol
7D
4.7%
1Y
91.7%
TDY
US$510.01
Teledyne Technologies
7D
-1.6%
1Y
9.2%

TDY: Expanding Defense Backlog Will Support Premium Earnings Multiple Ahead

Analysts have nudged their average price target for Teledyne Technologies slightly higher to approximately $623 from about $621, citing resilient Q3 execution, a recovering short cycle portfolio alongside solid defense momentum, and a favorable mix of long and short cycle exposure that supports a premium future earnings multiple. Analyst Commentary Recent Street commentary reflects a generally constructive stance on Teledyne Technologies, with a few pockets of caution as investors weigh near term execution against longer term growth and valuation.