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U.S. Electronic Equipment and Components Industry Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies183
  • 7D-8.1%
  • 3M-2.2%
  • 1Y60.7%
  • YTD28.6%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 8.1%, driven by a pullback from Corning of 18%. Over the past 12 months, the industry was up 61%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jul 2026US$879.4bUS$433.6bUS$17.6b30.8x50.1x2x
Sun, 14 Jun 2026US$943.4bUS$428.0bUS$17.3b32.9x54.5x2.2x
Tue, 12 May 2026US$878.8bUS$425.7bUS$17.5b26.1x50.2x2.1x
Thu, 09 Apr 2026US$750.0bUS$411.1bUS$15.4b31x48.6x1.8x
Sat, 07 Mar 2026US$740.7bUS$406.8bUS$15.3b27x48.4x1.8x
Mon, 02 Feb 2026US$686.0bUS$401.1bUS$16.8b26.6x40.9x1.7x
Wed, 31 Dec 2025US$668.2bUS$397.3bUS$16.2b24.7x41.2x1.7x
Fri, 28 Nov 2025US$649.1bUS$396.1bUS$16.3b24.7x39.8x1.6x
Sun, 26 Oct 2025US$658.7bUS$390.7bUS$14.3b25.5x45.9x1.7x
Tue, 23 Sep 2025US$630.0bUS$386.6bUS$13.5b24.9x46.6x1.6x
Thu, 21 Aug 2025US$570.6bUS$386.5bUS$13.5b22.7x42.4x1.5x
Sat, 19 Jul 2025US$554.8bUS$377.6bUS$13.6b23.9x40.7x1.5x
Mon, 16 Jun 2025US$490.8bUS$375.7bUS$13.4b22x36.7x1.3x
Wed, 14 May 2025US$477.5bUS$375.4bUS$13.3b21.7x35.8x1.3x
Fri, 11 Apr 2025US$403.5bUS$371.4bUS$13.9b19.2x29x1.1x
Sun, 09 Mar 2025US$432.4bUS$371.1bUS$14.7b21.1x29.4x1.2x
Tue, 04 Feb 2025US$482.8bUS$370.8bUS$14.8b24.5x32.6x1.3x
Thu, 02 Jan 2025US$460.2bUS$368.1bUS$15.5b25.2x29.6x1.2x
Sat, 30 Nov 2024US$478.8bUS$369.6bUS$15.5b26.4x30.8x1.3x
Mon, 28 Oct 2024US$462.0bUS$371.9bUS$16.6b23.7x27.9x1.2x
Wed, 25 Sep 2024US$443.9bUS$323.9bUS$15.8b23.2x28.2x1.4x
Fri, 23 Aug 2024US$445.2bUS$324.1bUS$15.9b22.1x27.9x1.4x
Sun, 21 Jul 2024US$437.7bUS$329.2bUS$15.1b22.1x29.1x1.3x
Tue, 18 Jun 2024US$431.1bUS$331.2bUS$15.2b21.1x28.3x1.3x
Thu, 16 May 2024US$428.3bUS$331.4bUS$15.4b21.6x27.7x1.3x
Sat, 13 Apr 2024US$416.9bUS$338.7bUS$15.7b18.8x26.6x1.2x
Mon, 11 Mar 2024US$417.1bUS$341.2bUS$14.9b19.6x28x1.2x
Wed, 07 Feb 2024US$392.1bUS$344.6bUS$14.9b19.4x26.3x1.1x
Fri, 05 Jan 2024US$388.9bUS$352.2bUS$13.7b19.8x28.3x1.1x
Sun, 03 Dec 2023US$374.1bUS$353.4bUS$13.8b17.1x27.1x1.1x
Tue, 31 Oct 2023US$340.4bUS$357.6bUS$14.4b16.4x23.6x1x
Thu, 28 Sep 2023US$360.1bUS$359.0bUS$14.6b16.1x24.7x1x
Sat, 26 Aug 2023US$378.5bUS$360.3bUS$14.6b16.7x25.9x1.1x
Mon, 24 Jul 2023US$395.2bUS$361.5bUS$15.1b16.8x26.2x1.1x
Price to Earnings Ratio

26.2x


Total Market Cap: US$395.2bTotal Earnings: US$15.1bTotal Revenue: US$361.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Equipment and Components Industry Price to Earnings3Y Average 34.8x202420252026
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 50.1x which is higher than its 3-year average PE of 34.8x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 5.1% 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-0.88%
Tech-2.95%
Electronic Equipment and Components-8.11%
Technology Distributors-2.23%
Electronic Equipment and Instruments-2.88%
Electronic Manufacturing Services-6.61%
Electronic Components-11.54%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 56.4x.
    • Analysts are expecting annual earnings growth of 25.8%, 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 16.8x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 28% 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?

CompanyLast Price7D1YValuation
TEL TE ConnectivityUS$202.571.8%
+US$1.1b		14.0%PE20.3x
VNT VontierUS$30.605.8%
+US$236.5m		-20.4%PE10.4x
BMI Badger MeterUS$151.164.3%
+US$180.7m		-38.5%PE33.8x
CXT Crane NXTUS$52.044.2%
+US$120.3m		-9.3%PE23.1x
CNXN PC ConnectionUS$78.342.6%
+US$49.7m		19.2%PE22.6x

Latest News

VNT
US$30.60
Vontier
7D
5.8%
1Y
-20.4%
Seeking Alpha • 6h

Vontier: Attractive Opportunity To Invest In A High-Quality Industrial Company

Summary At quarter-end, Vontier shares were trading at $29.00, well below their February high of $42.10. Since its 2020 spin-out, VNT has reduced debt by roughly $1 billion, invested roughly $1.24 billion in acquisitions and repurchased shares through its strong FCF. We also think we see a strong path to growth for VNT, our second investment pillar, through both revenue acceleration and productivity driven margin improvements. Read the full article on Seeking Alpha
KEYS
US$312.76
Keysight Technologies
7D
-2.9%
1Y
91.8%
JBL
US$307.06
Jabil
7D
-7.7%
1Y
38.2%
GLW
US$158.39
Corning
7D
-17.7%
1Y
192.2%
VSH
US$36.44
Vishay Intertechnology
7D
-17.3%
1Y
110.9%
CNXN
US$78.34
PC Connection
7D
2.6%
1Y
19.2%
FLEX
US$121.12
Flex
7D
-13.4%
1Y
127.8%
Narrative Update • Jul 14

FLEX: AI Spin Off And Cerebras Expansion Will Expose Overvaluation Risk

Analysts have increased their average price target for Flex to $203, up from earlier levels around $174, citing a stronger outlook for the company's AI related operations and the planned spin off of its Cloud and Power Infrastructure business. Analyst Commentary Recent research on Flex highlights a mix of optimism around AI and the Cloud and Power Infrastructure spin off, alongside more cautious voices focused on valuation and execution risks.
TTMI
US$130.14
TTM Technologies
7D
-13.2%
1Y
181.6%
Seeking Alpha • Jul 13

Turning Bullish On TTM Technologies: The Rationale Behind My Upgrade

Summary TTM Technologies, Inc. delivered 30% YoY Q1 2026 revenue growth, driven by 61% growth in data center and networking end markets. TTMI's forward EV/EBITDA/Growth ratio of 0.73 signals undervaluation versus peers, despite a high current P/E and P/S. The company is transitioning to higher-margin products, with EBITDA projected to grow at a 31.43% CAGR through 2028. TTMI stock has a potential 21% to 48% upside over the next year if the market raises the stock's 2027 forward PEG ratio from its current 0.81 to between 1.0. Read the full article on Seeking Alpha
APH
US$153.14
Amphenol
7D
-5.6%
1Y
50.2%
Narrative Update • Jul 13

APH: AI Data Center Demand And CommScope Acquisition Will Support Future Margins

Analysts have lifted the Amphenol fair value estimate by about $6 to $184.78. This reflects revised assumptions around revenue growth, margins, and future P/E that are broadly consistent with the series of higher Street price targets in recent Q2 earnings previews.
BMI
US$151.16
Badger Meter
7D
4.3%
1Y
-38.5%
Narrative Update • Jul 11

BMI: Securities Lawsuits And Demand Uncertainty Will Weigh On Premium P/E

The analyst price target for Badger Meter has been revised up by about $5 to $116.80, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E after recent mixed research that included both target cuts and one target increase. Analyst Commentary Recent Street commentary on Badger Meter points to a more cautious tone, with several bearish analysts revisiting their assumptions after the latest guidance and valuation updates.
CXT
US$52.04
Crane NXT
7D
4.2%
1Y
-9.3%
ITRI
US$85.90
Itron
7D
1.1%
1Y
-37.1%
Seeking Alpha • Jul 09

Itron Isn't Cheap Enough For An Upgrade, Even After Its Ugly Plunge

Summary Itron, Inc. remains a 'hold' as near-term fundamentals are expected to weaken despite recent share price declines. Revenue and profitability continue to decline, with Q1 2026 revenue down to $587M and net income dropping to $53.5M. Backlog and orders are contracting, signaling further revenue pressure; Q2 2026 guidance also points to lower sales and earnings. Longer-term, management targets for 2027 could deliver market-beating returns, but I require evidence of progress before turning bullish. Read the full article on Seeking Alpha
COHR
US$276.96
Coherent
7D
-15.4%
1Y
176.2%
Seeking Alpha • Jul 08

Coherent's AI Selloff Is A Massive Opportunity

Summary The recent AI infrastructure selloff reflected sentiment and valuation reset, while Coherent maintained record backlog visibility extending through 2028. Six-inch indium phosphide expansion strengthens Coherent's manufacturing moat as demand visibility, margins, and production capacity continue improving simultaneously. COHR is positioned across transceivers, Optical Circuit Switching, Co-Packaged Optics and thermal technologies, creating multiple overlapping long-term growth drivers. Revenue is projected to increase from $7.1 billion to $13.0 billion by FY2028 while forward EV/Sales remains well below key peers. Read the full article on Seeking Alpha
TEL
US$202.57
TE Connectivity
7D
1.8%
1Y
14.0%
SCSC
US$54.69
ScanSource
7D
2.3%
1Y
33.3%
TROO
US$2.19
TROOPS
7D
17.1%
1Y
147.1%