Why We're Not Concerned Yet About 908 Devices Inc.'s (NASDAQ:MASS) 29% Share Price Plunge
Aug 16
U.S. Electronic Equipment and Components Industry Analysis
UpdatedAug 25, 2024
DataAggregated Company Financials
Companies182
- 7D3.9%
- 3M2.5%
- 1Y23.3%
- YTD15.8%
Over the last 7 days, the Electronic Equipment and Components industry has risen 3.9%, driven by gains from Keysight Technologies of 15%. This takes the industry's 12 month performance to a gain of 23%. Earnings are forecast to grow by 14% 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, 26 Aug 2024 | US$447.9b | US$324.2b | US$15.9b | 22.4x | 28.1x | 1.4x |
| Wed, 24 Jul 2024 | US$446.7b | US$329.2b | US$15.1b | 22.2x | 29.7x | 1.4x |
| Fri, 21 Jun 2024 | US$440.8b | US$331.2b | US$15.2b | 20.6x | 29x | 1.3x |
| Sun, 19 May 2024 | US$434.0b | US$331.4b | US$15.4b | 21.7x | 28.1x | 1.3x |
| Tue, 16 Apr 2024 | US$407.3b | US$338.7b | US$15.7b | 19x | 26x | 1.2x |
| Thu, 14 Mar 2024 | US$415.6b | US$341.3b | US$14.9b | 19.1x | 27.9x | 1.2x |
| Sat, 10 Feb 2024 | US$405.6b | US$342.1b | US$14.7b | 20.6x | 27.6x | 1.2x |
| Mon, 08 Jan 2024 | US$387.7b | US$352.2b | US$13.7b | 20x | 28.2x | 1.1x |
| Wed, 06 Dec 2023 | US$374.2b | US$353.4b | US$13.8b | 16.9x | 27x | 1.1x |
| Fri, 03 Nov 2023 | US$343.3b | US$353.1b | US$13.7b | 16.1x | 25x | 1x |
| Sun, 01 Oct 2023 | US$369.9b | US$358.4b | US$14.4b | 16.3x | 25.6x | 1x |
| Tue, 29 Aug 2023 | US$378.5b | US$360.3b | US$14.6b | 16.7x | 25.9x | 1.1x |
| Thu, 27 Jul 2023 | US$401.4b | US$361.1b | US$14.8b | 16.9x | 27.2x | 1.1x |
| Sat, 24 Jun 2023 | US$377.9b | US$362.8b | US$15.1b | 17.3x | 25x | 1x |
| Mon, 22 May 2023 | US$358.6b | US$362.4b | US$15.1b | 15.4x | 23.8x | 1x |
| Wed, 19 Apr 2023 | US$361.9b | US$361.3b | US$16.2b | 16.7x | 22.4x | 1x |
| Fri, 17 Mar 2023 | US$358.0b | US$359.3b | US$15.9b | 16.8x | 22.5x | 1x |
| Sun, 12 Feb 2023 | US$380.7b | US$360.6b | US$16.1b | 17x | 23.6x | 1.1x |
| Tue, 10 Jan 2023 | US$358.2b | US$354.1b | US$16.5b | 16.4x | 21.7x | 1x |
| Thu, 08 Dec 2022 | US$353.0b | US$353.0b | US$16.6b | 16x | 21.3x | 1x |
| Sat, 05 Nov 2022 | US$356.9b | US$352.7b | US$16.6b | 15.3x | 21.4x | 1x |
| Mon, 03 Oct 2022 | US$319.8b | US$346.2b | US$16.9b | 14.1x | 19x | 0.9x |
| Wed, 31 Aug 2022 | US$359.8b | US$334.4b | US$16.7b | 16x | 21.5x | 1.1x |
| Fri, 29 Jul 2022 | US$359.9b | US$326.7b | US$16.7b | 16.2x | 21.5x | 1.1x |
| Sun, 26 Jun 2022 | US$340.3b | US$317.1b | US$15.7b | 17.6x | 21.6x | 1.1x |
| Tue, 24 May 2022 | US$354.5b | US$316.2b | US$15.7b | 16.4x | 22.5x | 1.1x |
| Thu, 21 Apr 2022 | US$358.2b | US$287.0b | US$13.9b | 16.5x | 25.7x | 1.2x |
| Sat, 19 Mar 2022 | US$377.2b | US$276.4b | US$13.9b | 16.7x | 27.2x | 1.4x |
| Mon, 14 Feb 2022 | US$372.5b | US$274.6b | US$14.4b | 16.6x | 25.8x | 1.4x |
| Wed, 12 Jan 2022 | US$439.6b | US$285.1b | US$14.8b | 18.4x | 29.8x | 1.5x |
| Fri, 10 Dec 2021 | US$444.2b | US$284.1b | US$14.7b | 18.1x | 30.1x | 1.6x |
| Sun, 07 Nov 2021 | US$448.3b | US$284.1b | US$14.7b | 20.6x | 30.5x | 1.6x |
| Tue, 05 Oct 2021 | US$409.2b | US$277.0b | US$13.2b | 21.4x | 31x | 1.5x |
| Thu, 02 Sep 2021 | US$444.5b | US$277.4b | US$13.1b | 21.1x | 33.9x | 1.6x |
Price to Earnings Ratio
33.9x
Current Industry PE
- Investors are relatively neutral on the American Electronic 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 25.7x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 6.7% per year over the last three years.
- Revenues for these companies have grown 5.3% 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 | 1.60% | |
| Tech | 1.27% | |
| Electronic Equipment and Components | 3.87% | |
| Electronic Equipment and Instruments | 4.73% | |
| Electronic Manufacturing Services | 4.15% | |
| Technology Distributors | 3.27% | |
| Electronic Components | 3.20% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 31.5x.
- Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings decline of 27.8% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, which is trading close to its 3-year average of 16.9x.
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 28% per year.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| KEYS Keysight Technologies | US$155.01 | 14.6% +US$3.3b | 20.0% | PE29.5x | |
| APH Amphenol | US$67.35 | 2.4% +US$1.9b | 56.1% | PE38.6x | |
| GLW Corning | US$41.94 | 4.3% +US$1.5b | 29.3% | PE82.1x | |
| FN Fabrinet | US$267.35 | 15.7% +US$1.3b | 70.5% | PE32.6x | |
| TEL TE Connectivity | US$153.08 | 2.4% +US$1.1b | 19.0% | PE13.4x |
