Would BigBear.ai Holdings (NYSE:BBAI) Be Better Off With Less Debt?
Dec 21
Have your own idea? Try our Stock Screener
U.S. IT Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies106
- 7D-1.7%
- 3M13.9%
- 1Y12.6%
- YTD15.3%
Over the last 7 days, the IT industry has dropped 1.7%, driven by declines in Shopify and International Business Machines of 5.0% and 3.2%, respectively. Over the past 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the U.S. IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | US$877.7b | US$234.7b | US$16.7b | 44.3x | 52.6x | 3.7x |
| Mon, 18 Nov 2024 | US$827.3b | US$232.8b | US$16.3b | 45.6x | 50.6x | 3.6x |
| Wed, 16 Oct 2024 | US$826.9b | US$232.8b | US$17.8b | 44.7x | 46.5x | 3.6x |
| Fri, 13 Sep 2024 | US$765.7b | US$233.3b | US$17.5b | 35.5x | 43.6x | 3.3x |
| Sun, 11 Aug 2024 | US$721.4b | US$232.7b | US$17.5b | 28.5x | 41.2x | 3.1x |
| Tue, 09 Jul 2024 | US$718.8b | US$236.9b | US$17.2b | 27x | 41.8x | 3x |
| Thu, 06 Jun 2024 | US$674.7b | US$237.2b | US$17.3b | 28.3x | 39.1x | 2.8x |
| Sat, 04 May 2024 | US$725.4b | US$236.9b | US$16.0b | 23.7x | 45.2x | 3.1x |
| Mon, 01 Apr 2024 | US$783.3b | US$227.8b | US$13.8b | 24.5x | 56.6x | 3.4x |
| Wed, 28 Feb 2024 | US$828.8b | US$227.4b | US$14.2b | 22.1x | 58.4x | 3.6x |
| Fri, 26 Jan 2024 | US$819.8b | US$230.1b | US$13.4b | 23.3x | 61.4x | 3.6x |
| Sun, 24 Dec 2023 | US$791.8b | US$229.5b | US$12.8b | 20.8x | 61.8x | 3.4x |
| Tue, 21 Nov 2023 | US$722.2b | US$228.5b | US$12.7b | 20.9x | 56.9x | 3.2x |
| Thu, 19 Oct 2023 | US$654.7b | US$227.2b | US$6.5b | 19.9x | 101.2x | 2.9x |
| Sat, 16 Sep 2023 | US$693.9b | US$226.6b | US$6.8b | 23x | 102.2x | 3.1x |
| Mon, 14 Aug 2023 | US$665.1b | US$226.3b | US$6.7b | 22.8x | 99.6x | 2.9x |
| Wed, 12 Jul 2023 | US$681.2b | US$228.6b | US$6.1b | 25x | 111.8x | 3x |
| Fri, 09 Jun 2023 | US$664.9b | US$228.3b | US$5.9b | 24.3x | 112.2x | 2.9x |
| Sun, 07 May 2023 | US$604.1b | US$232.7b | US$5.8b | 23.4x | 103.3x | 2.6x |
| Tue, 04 Apr 2023 | US$604.0b | US$225.6b | US$2.4b | 22.3x | 252.7x | 2.7x |
| Thu, 02 Mar 2023 | US$1.9t | US$463.2b | US$22.4b | 26.4x | 86.3x | 4.2x |
| Sat, 28 Jan 2023 | US$2.0t | US$460.1b | US$40.0b | 27.8x | 51.1x | 4.4x |
| Mon, 26 Dec 2022 | US$1.9t | US$457.9b | US$39.2b | 27.9x | 47.5x | 4.1x |
| Wed, 23 Nov 2022 | US$1.9t | US$456.1b | US$39.2b | 28.4x | 49.2x | 4.2x |
| Fri, 21 Oct 2022 | US$1.8t | US$450.4b | US$38.1b | 27.5x | 47.4x | 4x |
| Sun, 18 Sep 2022 | US$1.9t | US$447.0b | US$41.4b | 27x | 46.3x | 4.3x |
| Tue, 16 Aug 2022 | US$2.2t | US$445.5b | US$41.6b | 30.2x | 52.1x | 4.9x |
| Thu, 14 Jul 2022 | US$1.9t | US$441.6b | US$46.9b | 28.4x | 40.8x | 4.3x |
| Sat, 11 Jun 2022 | US$2.0t | US$438.8b | US$46.9b | 27.4x | 41.7x | 4.5x |
| Mon, 09 May 2022 | US$2.0t | US$431.3b | US$46.6b | 30.2x | 43.6x | 4.7x |
| Wed, 06 Apr 2022 | US$2.4t | US$431.1b | US$47.2b | 33.3x | 51.1x | 5.6x |
| Fri, 04 Mar 2022 | US$2.2t | US$418.7b | US$46.3b | 28.2x | 47.6x | 5.3x |
| Sun, 30 Jan 2022 | US$2.5t | US$418.5b | US$49.9b | 31.3x | 49.5x | 5.9x |
| Tue, 28 Dec 2021 | US$2.8t | US$432.2b | US$48.3b | 38.1x | 57.7x | 6.4x |
Price to Earnings Ratio
57.7x
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 52.6x which is lower than its 3-year average PE of 67.1x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 30% 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 | -2.39% | |
| Tech | -1.05% | |
| IT | -1.66% | |
| IT Consulting | -0.64% | |
| Data Processing Services | -2.74% | |
| Internet Services and Infrastructure | -3.52% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 33.2x.
- Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings decline of 5.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 20% over the next 5 years.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ACN Accenture | US$366.37 | 2.1% +US$5.0b | 3.4% | PE30.3x | |
| OKTA Okta | US$83.28 | 1.6% +US$221.0m | -6.8% | PS5.6x | |
| EPAM EPAM Systems | US$248.26 | 1.5% +US$205.3m | -16.3% | PE31.4x | |
| GLOB Globant | US$221.49 | 2.2% +US$203.2m | -5.1% | PE56.4x | |
| BBAI BigBear.ai Holdings | US$3.11 | 23.4% +US$147.8m | 68.1% | PS5x |
