Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. IT Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies119
  • 7D-3.8%
  • 3M8.6%
  • 1Y17.9%
  • YTD14.8%

Over the last 7 days, the IT industry has dropped 3.8%, driven by declines in Shopify and CoreWeave of 8.1% and 27%, respectively. Over the past 12 months, the industry was up 18%. Looking forward, 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
Mon, 17 Nov 2025US$1.1tUS$280.8bUS$20.5b31.3x53.2x3.9x
Wed, 15 Oct 2025US$1.1tUS$282.5bUS$20.0b32.2x54.1x3.8x
Fri, 12 Sep 2025US$995.3bUS$250.9bUS$19.3b29.4x51.5x4x
Sun, 10 Aug 2025US$958.2bUS$249.4bUS$19.5b28.8x49.2x3.8x
Tue, 08 Jul 2025US$1.0tUS$241.7bUS$17.4b29.3x59.3x4.3x
Thu, 05 Jun 2025US$972.0bUS$240.4bUS$17.0b28.9x57x4x
Sat, 03 May 2025US$839.4bUS$238.4bUS$17.0b36.3x49.3x3.5x
Mon, 31 Mar 2025US$864.9bUS$242.4bUS$18.4b35.6x46.9x3.6x
Wed, 26 Feb 2025US$969.7bUS$239.7bUS$18.2b40.1x53.4x4x
Fri, 24 Jan 2025US$886.4bUS$234.1bUS$16.3b42.6x54.3x3.8x
Sun, 22 Dec 2024US$880.0bUS$234.7bUS$16.7b40.9x52.7x3.7x
Tue, 19 Nov 2024US$827.1bUS$232.8bUS$16.3b42.4x50.6x3.6x
Thu, 17 Oct 2024US$827.4bUS$232.8bUS$17.8b46.3x46.5x3.6x
Sat, 14 Sep 2024US$767.7bUS$233.3bUS$17.5b35.5x43.8x3.3x
Mon, 12 Aug 2024US$721.4bUS$232.7bUS$17.5b28.5x41.2x3.1x
Wed, 10 Jul 2024US$719.3bUS$236.9bUS$17.2b26.9x41.9x3x
Fri, 07 Jun 2024US$680.3bUS$237.2bUS$17.3b27.3x39.4x2.9x
Sun, 05 May 2024US$728.7bUS$236.9bUS$16.0b23.7x45.4x3.1x
Tue, 02 Apr 2024US$783.3bUS$227.7bUS$13.8b24.4x56.6x3.4x
Thu, 29 Feb 2024US$828.9bUS$227.4bUS$14.2b21.6x58.5x3.6x
Sat, 27 Jan 2024US$836.7bUS$230.1bUS$13.4b23.3x62.6x3.6x
Mon, 25 Dec 2023US$791.8bUS$229.5bUS$12.8b20.8x61.8x3.4x
Wed, 22 Nov 2023US$722.2bUS$228.5bUS$12.7b21x56.9x3.2x
Fri, 20 Oct 2023US$650.2bUS$227.2bUS$6.5b19.3x100.5x2.9x
Sun, 17 Sep 2023US$689.0bUS$226.6bUS$6.8b23.7x101.5x3x
Tue, 15 Aug 2023US$669.0bUS$226.3bUS$6.7b22.8x100.1x3x
Thu, 13 Jul 2023US$685.2bUS$228.7bUS$6.1b24.9x112.5x3x
Sat, 10 Jun 2023US$668.6bUS$228.2bUS$5.9b23.1x113x2.9x
Mon, 08 May 2023US$604.1bUS$232.7bUS$5.8b23.4x103.3x2.6x
Wed, 05 Apr 2023US$603.7bUS$225.6bUS$2.4b22.2x252.5x2.7x
Fri, 03 Mar 2023US$1.9tUS$463.5bUS$22.4b26.4x86.7x4.2x
Sun, 29 Jan 2023US$2.0tUS$460.1bUS$40.0b27.8x51x4.4x
Tue, 27 Dec 2022US$1.9tUS$457.9bUS$39.2b27.9x47.5x4.1x
Thu, 24 Nov 2022US$1.9tUS$456.1bUS$39.1b28.5x49.8x4.3x
Price to Earnings Ratio

49.8x


Total Market Cap: US$1.9tTotal Earnings: US$39.1bTotal Revenue: US$456.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68.8x202320242025
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 53.2x which is lower than its 3-year average PE of 68.8x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 19% per year over the last three years,
  • Revenues have also declined 15% 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-0.39%
Tech-0.34%
IT-3.77%
Data Processing Services0.24%
IT Consulting-0.96%
Internet Services and Infrastructure-6.82%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 31.5x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings growth of 5.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 30% over the next 5 years.
  • However this is lower than its past earnings growth rate of 55% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.8% 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
VRSN VeriSignUS$252.882.1%
+US$484.8m		41.1%PE28.9x
ACN AccentureUS$245.210.3%
+US$409.3m		-30.5%PE19.8x
IT GartnerUS$231.031.0%
+US$172.3m		-55.6%PE18.8x
BBAI BigBear.ai HoldingsUS$6.066.1%
+US$152.8m		244.3%PS18.3x
AKAM Akamai TechnologiesUS$87.170.06%
+US$7.2m		1.4%PE24.7x

Latest News

BBAI
US$6.06
BigBear.ai Holdings
7D
6.1%
1Y
244.3%
ACN
US$245.21
Accenture
7D
0.3%
1Y
-30.5%

ACN: Generative AI Investments Will Drive Bookings Momentum And Sector Leadership

Analysts have reduced their price targets for Accenture by a wide margin. Most are citing lingering concerns over IT services demand, ongoing margin pressures, and headwinds from generative AI as key factors behind the downward revisions.
VRSN
US$252.88
VeriSign
7D
2.1%
1Y
41.1%
RSSS
US$3.20
Research Solutions
7D
2.6%
1Y
11.9%
NET
US$210.60
Cloudflare
7D
-12.4%
1Y
128.2%

NET: Continued Acceleration With Large Enterprises Will Drive Shareholder Value

Cloudflare's analyst price target has been increased from $232 to $239. This change reflects stronger Q3 results and ongoing product momentum, according to analysts.
APLD
US$23.65
Applied Digital
7D
-24.8%
1Y
205.2%
CRWV
US$77.36
CoreWeave
7D
-26.7%
1Y
n/a
AKAM
US$87.17
Akamai Technologies
7D
0.06%
1Y
1.4%
DOX
US$77.74
Amdocs
7D
-9.1%
1Y
-7.4%
SNOW
US$257.02
Snowflake
7D
-4.3%
1Y
101.7%

SNOW: Future Revenue Outperformance And AI Momentum Will Support Balanced Market Outlook

Snowflake's fair value estimate has risen modestly by about $3 to $266.56 per share. Analysts cite persistent product revenue outperformance, ongoing AI-driven momentum, and robust customer growth as factors supporting higher price targets.
IBM
US$305.69
International Business Machines
7D
-1.1%
1Y
46.9%
IT
US$231.03
Gartner
7D
1.0%
1Y
-55.6%
SHOP
US$146.04
Shopify
7D
-8.1%
1Y
37.9%
MDB
US$352.61
MongoDB
7D
-5.7%
1Y
24.0%
YAAS
US$1.61
Youxin Technology
7D
-10.1%
1Y
n/a
CHOW
US$9.68
ChowChow Cloud International Holdings
7D
2.1%
1Y
n/a