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U.S. IT Industry Analysis
UpdatedApr 27, 2025
DataAggregated Company Financials
Companies106
- 7D5.1%
- 3M-11.9%
- 1Y11.8%
- YTD-6.9%
In the last week, the IT industry is up 5.1%, with Shopify up 16%. In the last 12 months, the industry was up 12%. 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 |
|---|---|---|---|---|---|---|
| Sun, 27 Apr 2025 | US$841.7b | US$242.4b | US$18.0b | 31.6x | 46.9x | 3.5x |
| Tue, 25 Mar 2025 | US$868.0b | US$240.8b | US$19.2b | 47.2x | 45.1x | 3.6x |
| Thu, 20 Feb 2025 | US$1.0t | US$239.4b | US$18.2b | 43.7x | 57x | 4.3x |
| Sat, 18 Jan 2025 | US$867.0b | US$234.1b | US$16.3b | 42.1x | 53.1x | 3.7x |
| Mon, 16 Dec 2024 | US$894.9b | US$233.2b | US$16.4b | 45.5x | 54.6x | 3.8x |
| Wed, 13 Nov 2024 | US$826.3b | US$233.2b | US$16.1b | 46.5x | 51.2x | 3.5x |
| Fri, 11 Oct 2024 | US$821.5b | US$232.9b | US$17.8b | 44.4x | 46.2x | 3.5x |
| Sun, 08 Sep 2024 | US$739.3b | US$233.3b | US$17.5b | 35.4x | 42.1x | 3.2x |
| Tue, 06 Aug 2024 | US$703.2b | US$232.5b | US$16.1b | 28.2x | 43.6x | 3x |
| Thu, 04 Jul 2024 | US$720.0b | US$237.0b | US$17.2b | 29x | 41.9x | 3x |
| Sat, 01 Jun 2024 | US$677.6b | US$237.1b | US$17.3b | 28.3x | 39.1x | 2.9x |
| Mon, 29 Apr 2024 | US$712.8b | US$228.0b | US$14.4b | 25.1x | 49.6x | 3.1x |
| Wed, 27 Mar 2024 | US$771.0b | US$227.8b | US$14.2b | 23x | 54.5x | 3.4x |
| Fri, 23 Feb 2024 | US$798.4b | US$227.5b | US$14.2b | 23x | 56.2x | 3.5x |
| Sun, 21 Jan 2024 | US$800.1b | US$229.4b | US$12.9b | 21.4x | 61.8x | 3.5x |
| Tue, 19 Dec 2023 | US$786.3b | US$229.0b | US$12.8b | 20.2x | 61.4x | 3.4x |
| Thu, 16 Nov 2023 | US$708.9b | US$228.4b | US$12.6b | 21.2x | 56.1x | 3.1x |
| Sat, 14 Oct 2023 | US$650.9b | US$227.2b | US$6.5b | 20.7x | 100.6x | 2.9x |
| Mon, 11 Sep 2023 | US$704.4b | US$226.6b | US$6.8b | 23.2x | 103.5x | 3.1x |
| Wed, 09 Aug 2023 | US$673.7b | US$226.2b | US$6.6b | 23x | 102.8x | 3x |
| Fri, 07 Jul 2023 | US$669.9b | US$228.6b | US$6.1b | 23.5x | 110x | 2.9x |
| Sun, 04 Jun 2023 | US$673.6b | US$228.3b | US$5.9b | 23.9x | 113.8x | 3x |
| Tue, 02 May 2023 | US$576.7b | US$225.3b | US$3.2b | 20.9x | 180.7x | 2.6x |
| Thu, 30 Mar 2023 | US$586.7b | US$225.5b | US$2.3b | 23x | 250.9x | 2.6x |
| Sat, 25 Feb 2023 | US$1.9t | US$462.6b | US$22.4b | 26.6x | 86.8x | 4.2x |
| Mon, 23 Jan 2023 | US$2.0t | US$458.2b | US$39.1b | 28.3x | 51.4x | 4.4x |
| Wed, 21 Dec 2022 | US$1.9t | US$457.8b | US$39.2b | 27.9x | 47.5x | 4.1x |
| Fri, 18 Nov 2022 | US$1.9t | US$456.1b | US$38.0b | 28.1x | 50.6x | 4.2x |
| Sun, 16 Oct 2022 | US$1.7t | US$449.5b | US$41.7b | 26.3x | 41.7x | 3.9x |
| Tue, 13 Sep 2022 | US$2.1t | US$447.2b | US$41.4b | 28.2x | 49.6x | 4.6x |
| Thu, 11 Aug 2022 | US$2.1t | US$444.3b | US$42.7b | 30.3x | 50.2x | 4.8x |
| Sat, 09 Jul 2022 | US$2.0t | US$441.7b | US$46.9b | 29.4x | 41.7x | 4.4x |
| Mon, 06 Jun 2022 | US$2.1t | US$438.8b | US$46.9b | 29.1x | 44.5x | 4.8x |
| Wed, 04 May 2022 | US$2.1t | US$430.3b | US$49.1b | 29.8x | 43.3x | 4.9x |
Price to Earnings Ratio
43.3x
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 46.4x which is lower than its 3-year average PE of 67.2x.
- 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 28% 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 | 4.78% | |
| Tech | 8.25% | |
| IT | 5.15% | |
| Internet Services and Infrastructure | 11.73% | |
| IT Consulting | 1.18% | |
| Data Processing Services | -0.72% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings growth of 14.7% per year.
- Investors are most pessimistic about the Data Processing Services industry, which is trading below its 3-year average of 30.6x.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings growth rate of 15% 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 | |
|---|---|---|---|---|---|
| SHOP Shopify | US$97.12 | 16.1% +US$17.4b | 36.2% | PE62.3x | |
| ACN Accenture | US$293.39 | 3.9% +US$6.9b | -4.7% | PE23.9x | |
| SNOW Snowflake | US$158.40 | 10.4% +US$5.0b | 0.2% | PS14.6x | |
| NET Cloudflare | US$121.00 | 12.1% +US$4.5b | 37.5% | PS25x | |
| VRSN VeriSign | US$272.79 | 10.6% +US$2.5b | 55.5% | PE32.5x |
