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U.S. IT Industry Analysis
UpdatedApr 02, 2025
DataAggregated Company Financials
Companies106
- 7D-3.6%
- 3M-3.1%
- 1Y7.9%
- YTD-3.0%
Over the last 7 days, the IT industry has dropped 4.1%, driven by Shopify declining 11%. This takes the industry's 12 month performance to a gain of 6.2%. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Wed, 02 Apr 2025 | US$868.8b | US$242.3b | US$18.5b | 34.7x | 47x | 3.6x |
| Fri, 28 Feb 2025 | US$956.6b | US$239.9b | US$18.0b | 38.8x | 53.1x | 4x |
| Sun, 26 Jan 2025 | US$898.3b | US$234.1b | US$16.3b | 43.5x | 55.1x | 3.8x |
| Tue, 24 Dec 2024 | US$880.2b | US$234.7b | US$16.7b | 41x | 52.7x | 3.8x |
| Thu, 21 Nov 2024 | US$830.9b | US$232.8b | US$16.4b | 44.3x | 50.8x | 3.6x |
| Sat, 19 Oct 2024 | US$828.0b | US$232.8b | US$17.8b | 45.5x | 46.6x | 3.6x |
| Mon, 16 Sep 2024 | US$773.2b | US$233.3b | US$17.5b | 35.5x | 44.1x | 3.3x |
| Wed, 14 Aug 2024 | US$714.3b | US$232.7b | US$17.5b | 28.8x | 40.8x | 3.1x |
| Fri, 12 Jul 2024 | US$709.7b | US$236.9b | US$17.2b | 26.8x | 41.3x | 3x |
| Sun, 09 Jun 2024 | US$679.8b | US$237.2b | US$17.3b | 26.8x | 39.4x | 2.9x |
| Tue, 07 May 2024 | US$742.3b | US$236.9b | US$16.0b | 26.9x | 46.3x | 3.1x |
| Thu, 04 Apr 2024 | US$764.6b | US$227.8b | US$13.8b | 25.3x | 55.3x | 3.4x |
| Sat, 02 Mar 2024 | US$814.2b | US$227.7b | US$14.3b | 22.9x | 56.9x | 3.6x |
| Mon, 29 Jan 2024 | US$832.2b | US$230.1b | US$13.4b | 23.3x | 62.3x | 3.6x |
| Wed, 27 Dec 2023 | US$791.8b | US$229.5b | US$12.8b | 20.7x | 61.8x | 3.4x |
| Fri, 24 Nov 2023 | US$726.2b | US$228.5b | US$12.7b | 20.8x | 57.2x | 3.2x |
| Sun, 22 Oct 2023 | US$637.1b | US$227.2b | US$6.5b | 18.8x | 98.5x | 2.8x |
| Tue, 19 Sep 2023 | US$684.6b | US$226.6b | US$6.8b | 23.8x | 100.9x | 3x |
| Thu, 17 Aug 2023 | US$658.0b | US$226.0b | US$6.5b | 22.3x | 100.6x | 2.9x |
| Sat, 15 Jul 2023 | US$696.9b | US$228.7b | US$6.1b | 25.3x | 114.5x | 3x |
| Mon, 12 Jun 2023 | US$668.6b | US$228.2b | US$5.9b | 23.1x | 113x | 2.9x |
| Wed, 10 May 2023 | US$606.9b | US$232.6b | US$5.9b | 23.3x | 103.5x | 2.6x |
| Fri, 07 Apr 2023 | US$589.8b | US$225.6b | US$2.4b | 22.3x | 247.9x | 2.6x |
| Sun, 05 Mar 2023 | US$2.0t | US$463.8b | US$22.5b | 26.6x | 88.3x | 4.3x |
| Tue, 31 Jan 2023 | US$2.0t | US$460.1b | US$40.0b | 27.6x | 50.4x | 4.4x |
| Thu, 29 Dec 2022 | US$1.8t | US$457.8b | US$39.2b | 27.1x | 47.1x | 4x |
| Sat, 26 Nov 2022 | US$2.0t | US$456.3b | US$39.0b | 28.6x | 50x | 4.3x |
| Mon, 24 Oct 2022 | US$1.8t | US$450.4b | US$37.4b | 27.8x | 49.1x | 4.1x |
| Wed, 21 Sep 2022 | US$1.9t | US$447.1b | US$41.4b | 26.8x | 45.8x | 4.2x |
| Fri, 19 Aug 2022 | US$2.1t | US$445.5b | US$41.7b | 30.4x | 51.5x | 4.8x |
| Sun, 17 Jul 2022 | US$1.9t | US$441.6b | US$46.9b | 29.1x | 41.5x | 4.4x |
| Tue, 14 Jun 2022 | US$1.9t | US$438.7b | US$46.9b | 26.5x | 39.7x | 4.2x |
| Thu, 12 May 2022 | US$1.9t | US$438.1b | US$47.1b | 25.6x | 40.5x | 4.4x |
| Sat, 09 Apr 2022 | US$2.3t | US$431.0b | US$47.2b | 33.6x | 49.1x | 5.4x |
Price to Earnings Ratio
49.1x
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 46.9x which is lower than its 3-year average PE of 67.3x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 27% per year over the last three years,
- Revenues have also declined 17% 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 | -2.98% | |
| Tech | -5.20% | |
| IT | -3.58% | |
| Data Processing Services | 2.38% | |
| IT Consulting | -0.14% | |
| Internet Services and Infrastructure | -9.03% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings decline of 2.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 7.8% per year.
- 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$313.58 | 1.5% +US$2.9b | -6.8% | PE25.5x | |
| VRSN VeriSign | US$254.98 | 3.7% +US$867.5m | 33.2% | PE30.7x | |
| IBM International Business Machines | US$250.34 | 0.2% +US$408.0m | 32.5% | PE38.6x | |
| MLGO MicroAlgo | US$22.60 | 89.4% +US$106.4m | -69.8% | PS2.7x | |
| BASE Couchbase | US$16.15 | 11.1% +US$86.0m | -38.0% | PS4.1x |
