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U.S. IT Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies124
  • 7D-11.5%
  • 3M-14.0%
  • 1Y-13.3%
  • YTD-10.8%

Over the last 7 days, the IT industry has dropped 12%, driven by a pullback from Shopify of 18%. On the other hand TechCreate Group is actually up 1,880%. The industry has fallen 13% in the last year. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$931.3bUS$255.1bUS$22.6b26.1x41.2x3.7x
Sat, 03 Jan 2026US$1.1tUS$282.9bUS$20.9b28.8x51.2x3.8x
Mon, 01 Dec 2025US$1.1tUS$281.5bUS$20.9b28.1x51x3.8x
Wed, 29 Oct 2025US$1.2tUS$283.8bUS$22.1b29.9x52.4x4.1x
Fri, 26 Sep 2025US$1.0tUS$251.9bUS$19.1b31.3x53.4x4.1x
Sun, 24 Aug 2025US$953.0bUS$250.5bUS$19.3b30.8x49.5x3.8x
Tue, 22 Jul 2025US$1.0tUS$241.7bUS$17.3b27.9x57.9x4.2x
Thu, 19 Jun 2025US$1.0tUS$240.4bUS$17.1b27.2x58.6x4.2x
Sat, 17 May 2025US$937.0bUS$239.9bUS$16.9b29.7x55.4x3.9x
Mon, 14 Apr 2025US$808.0bUS$242.3bUS$18.5b32.5x43.8x3.3x
Wed, 12 Mar 2025US$885.2bUS$239.9bUS$18.3b41x48.3x3.7x
Fri, 07 Feb 2025US$998.5bUS$234.1bUS$16.3b45.4x61.4x4.3x
Sun, 05 Jan 2025US$871.5bUS$234.0bUS$16.5b49.1x53x3.7x
Tue, 03 Dec 2024US$894.5bUS$233.1bUS$16.3b46.8x55x3.8x
Thu, 31 Oct 2024US$794.7bUS$232.9bUS$15.7b43.2x50.5x3.4x
Sat, 28 Sep 2024US$805.3bUS$233.8bUS$17.8b40.3x45.2x3.4x
Mon, 26 Aug 2024US$752.0bUS$233.1bUS$17.4b34.1x43.1x3.2x
Wed, 24 Jul 2024US$743.7bUS$236.9bUS$17.2b29.8x43.3x3.1x
Fri, 21 Jun 2024US$681.9bUS$237.2bUS$17.3b27.4x39.5x2.9x
Sun, 19 May 2024US$716.7bUS$236.8bUS$17.3b25.3x41.5x3x
Tue, 16 Apr 2024US$735.7bUS$227.8bUS$13.7b24.4x53.5x3.2x
Thu, 14 Mar 2024US$815.3bUS$227.8bUS$14.4b23.1x56.7x3.6x
Sat, 10 Feb 2024US$856.9bUS$226.8bUS$13.1b22.7x65.4x3.8x
Mon, 08 Jan 2024US$758.6bUS$229.5bUS$12.8b20x59.1x3.3x
Wed, 06 Dec 2023US$759.7bUS$228.9bUS$12.7b21.3x59.6x3.3x
Fri, 03 Nov 2023US$636.8bUS$228.1bUS$12.1b20.6x52.6x2.8x
Sun, 01 Oct 2023US$662.3bUS$227.2bUS$6.5b24.3x102.4x2.9x
Tue, 29 Aug 2023US$674.4bUS$226.3bUS$6.6b21.2x101.9x3x
Thu, 27 Jul 2023US$694.7bUS$228.6bUS$6.2b25.5x112x3x
Sat, 24 Jun 2023US$661.8bUS$228.6bUS$6.1b23.4x107.8x2.9x
Mon, 22 May 2023US$639.0bUS$229.1bUS$5.1b21.8x124.9x2.8x
Wed, 19 Apr 2023US$595.9bUS$225.6bUS$2.5b23.8x243x2.6x
Fri, 17 Mar 2023US$1.9tUS$463.9bUS$22.5b24.5x83.9x4.1x
Sun, 12 Feb 2023US$2.0tUS$459.8bUS$40.7b26.8x50x4.4x
Price to Earnings Ratio

50x


Total Market Cap: US$2.0tTotal Earnings: US$40.7bTotal Revenue: US$459.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 41.2x which is lower than its 3-year average PE of 68.9x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 18% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market-1.46%
Tech-6.07%
IT-11.55%
IT Consulting-5.84%
Data Processing Services-9.34%
Internet Services and Infrastructure-17.58%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 28.2x.
    • Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 22.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.3% 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
TCGL TechCreate GroupUS$172.841,879.8%
+US$3.4b		n/aPS1365.3x
ASGN ASGNUS$53.288.1%
+US$169.5m		-39.4%PE17.4x
RPGL Republic Power GroupUS$0.6395.6%
+US$33.5m		n/aPE138x
FUSE FusemachinesUS$2.1235.7%
+US$16.1m		-81.7%PS7.7x
ORKT Orangekloud TechnologyUS$1.1241.4%
+US$1.9m		-81.1%PS1.9x

Latest News

MDB
US$337.60
MongoDB
7D
-17.9%
1Y
19.7%
SNOW
US$165.29
Snowflake
7D
-23.5%
1Y
-12.5%
FUSE
US$2.12
Fusemachines
7D
35.7%
1Y
-81.7%
IT
US$157.83
Gartner
7D
-30.2%
1Y
-70.8%

Benign Growth For Gartner, Inc. (NYSE:IT) Underpins Stock's 32% Plummet

Feb 04
Benign Growth For Gartner, Inc. (NYSE:IT) Underpins Stock's 32% Plummet
IBM
US$289.05
International Business Machines
7D
-1.7%
1Y
9.8%

IBM: Broad Price Reset Will Highlight Confluent Deal And AI Initiatives

The analyst price target for International Business Machines has been raised from US$350 to US$390, reflecting updated assumptions around discount rates, margins and future P/E, alongside a broad wave of recent price target increases from multiple research firms. Analyst Commentary Bullish analysts have been lifting their price targets on International Business Machines in quick succession, with several moves clustered around the same dates.
SHOP
US$114.02
Shopify
7D
-17.9%
1Y
-6.3%

SHOP: AI Efficiencies And Q4 Execution Will Support Higher Earnings Power

The analyst fair value estimate for Shopify has increased from US$200 to about US$218, reflecting updated assumptions on revenue growth, profitability and future P/E following recent research highlighting Q4 fundamentals, AI driven operating leverage and a series of price target revisions and rating changes across the Street. Analyst Commentary Street research around Shopify has skewed constructive, with several bullish analysts revisiting their models and resetting price targets and ratings after recent earnings and product updates.
RPGL
US$0.63
Republic Power Group
7D
95.6%
1Y
n/a
NET
US$166.88
Cloudflare
7D
-9.7%
1Y
15.7%
CLPS
US$1.11
CLPS Incorporation
7D
3.3%
1Y
-12.9%

CLPS Incorporation's (NASDAQ:CLPS) Share Price Boosted 28% But Its Business Prospects Need A Lift Too

Jan 29
CLPS Incorporation's (NASDAQ:CLPS) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
ACN
US$241.65
Accenture
7D
-10.6%
1Y
-39.3%

ACN: GenAI Modernization Partnerships And Cannibalization Risks Will Steer Future Returns

Analysts have nudged their fair value estimate for Accenture higher to about $292, a move of roughly $3, as recent research highlights renewed interest in the stock, supported by fresh coverage and upward price target revisions tied to GenAI driven enterprise modernization potential. Analyst Commentary Bullish Takeaways Bullish analysts see Accenture as a relatively attractive way to gain exposure to GenAI driven enterprise modernization, with the current valuation framed as reasonable versus its own history.
ASGN
US$53.28
ASGN
7D
8.1%
1Y
-39.4%

ASGN: AI And Automation Services Will Drive Upside Despite Execution Risks

Analysts have trimmed their price targets on ASGN by $2 to $50, citing updated expectations for slower revenue growth and slightly lower profit margins. They also highlight potential AI related opportunities and automation risks for the business.
CRWV
US$82.46
CoreWeave
7D
-22.2%
1Y
n/a
TCGL
US$172.84
TechCreate Group
7D
1,879.8%
1Y
n/a
HKIT
US$1.96
Hitek Global
7D
1.0%
1Y
56.8%
ORKT
US$1.12
Orangekloud Technology
7D
41.4%
1Y
-81.1%
DTST
US$4.81
Data Storage
7D
13.9%
1Y
9.7%