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U.S. IT Industry Analysis
UpdatedMay 04, 2025
DataAggregated Company Financials
Companies103
- 7D5.0%
- 3M-14.0%
- 1Y17.3%
- YTD-2.3%
Over the last 7 days, the IT industry has risen 4.9%, driven by gains from International Business Machines of 5.7%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 14% per annum.
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, 04 May 2025 | US$857.7b | US$238.4b | US$17.0b | 36.3x | 50.4x | 3.6x |
| Tue, 01 Apr 2025 | US$864.9b | US$242.4b | US$18.4b | 35.1x | 46.9x | 3.6x |
| Thu, 27 Feb 2025 | US$955.7b | US$239.7b | US$18.2b | 39.6x | 52.6x | 4x |
| Sat, 25 Jan 2025 | US$892.4b | US$234.1b | US$16.3b | 43.5x | 54.7x | 3.8x |
| Mon, 23 Dec 2024 | US$880.0b | US$234.7b | US$16.7b | 40.9x | 52.7x | 3.7x |
| Wed, 20 Nov 2024 | US$826.9b | US$232.8b | US$16.4b | 44.8x | 50.5x | 3.6x |
| Fri, 18 Oct 2024 | US$828.0b | US$232.8b | US$17.8b | 46.6x | 46.6x | 3.6x |
| Sun, 15 Sep 2024 | US$773.2b | US$233.3b | US$17.5b | 35.5x | 44.1x | 3.3x |
| Tue, 13 Aug 2024 | US$721.4b | US$232.7b | US$17.5b | 30.6x | 41.2x | 3.1x |
| Thu, 11 Jul 2024 | US$711.2b | US$236.9b | US$17.2b | 26.6x | 41.4x | 3x |
| Sat, 08 Jun 2024 | US$681.1b | US$237.2b | US$17.3b | 26.8x | 39.5x | 2.9x |
| Mon, 06 May 2024 | US$728.5b | US$236.9b | US$16.0b | 23.7x | 45.4x | 3.1x |
| Wed, 03 Apr 2024 | US$777.1b | US$227.8b | US$13.8b | 25.9x | 56.2x | 3.4x |
| Fri, 01 Mar 2024 | US$826.5b | US$227.7b | US$14.3b | 21.3x | 57.7x | 3.6x |
| Sun, 28 Jan 2024 | US$832.2b | US$230.1b | US$13.4b | 23.3x | 62.3x | 3.6x |
| Tue, 26 Dec 2023 | US$791.8b | US$229.5b | US$12.8b | 20.8x | 61.8x | 3.4x |
| Thu, 23 Nov 2023 | US$726.4b | US$228.5b | US$12.7b | 20.7x | 57.2x | 3.2x |
| Sat, 21 Oct 2023 | US$637.1b | US$227.2b | US$6.5b | 18.8x | 98.5x | 2.8x |
| Mon, 18 Sep 2023 | US$689.0b | US$226.6b | US$6.8b | 23.7x | 101.5x | 3x |
| Wed, 16 Aug 2023 | US$661.5b | US$226.0b | US$6.6b | 22x | 100.5x | 2.9x |
| Fri, 14 Jul 2023 | US$703.3b | US$228.7b | US$6.1b | 25.9x | 115.5x | 3.1x |
| Sun, 11 Jun 2023 | US$668.6b | US$228.2b | US$5.9b | 23.1x | 113x | 2.9x |
| Tue, 09 May 2023 | US$609.9b | US$232.6b | US$5.8b | 23.7x | 104.3x | 2.6x |
| Thu, 06 Apr 2023 | US$589.4b | US$225.6b | US$2.4b | 22x | 246.6x | 2.6x |
| Sat, 04 Mar 2023 | US$2.0t | US$463.8b | US$22.5b | 26.6x | 88.3x | 4.3x |
| Mon, 30 Jan 2023 | US$2.0t | US$460.1b | US$40.0b | 27.8x | 51x | 4.4x |
| Wed, 28 Dec 2022 | US$1.9t | US$457.8b | US$39.2b | 28.2x | 47.6x | 4.1x |
| Fri, 25 Nov 2022 | US$1.9t | US$456.1b | US$39.0b | 28.3x | 49.8x | 4.3x |
| Sun, 23 Oct 2022 | US$1.8t | US$450.4b | US$37.4b | 27.8x | 49.1x | 4.1x |
| Tue, 20 Sep 2022 | US$1.9t | US$447.1b | US$41.4b | 27.1x | 46.5x | 4.3x |
| Thu, 18 Aug 2022 | US$2.1t | US$445.5b | US$41.8b | 30.2x | 51.3x | 4.8x |
| Sat, 16 Jul 2022 | US$1.9t | US$441.6b | US$46.9b | 29.1x | 41.3x | 4.4x |
| Mon, 13 Jun 2022 | US$2.0t | US$438.8b | US$46.9b | 27.4x | 41.7x | 4.5x |
| Wed, 11 May 2022 | US$1.9t | US$437.9b | US$47.0b | 27.6x | 41.2x | 4.4x |
Price to Earnings Ratio
41.2x
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 49.3x 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 29% 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 | 2.98% | |
| Tech | 4.16% | |
| IT | 4.97% | |
| Internet Services and Infrastructure | 5.37% | |
| IT Consulting | 4.72% | |
| Data Processing Services | 1.93% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.1x.
- Analysts are expecting annual earnings growth of 10.5%, which is higher than its past year's earnings growth of 4.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 37% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| IBM International Business Machines | US$245.55 | 5.7% +US$11.9b | 48.2% | PE40.6x | |
| ACN Accenture | US$305.33 | 4.1% +US$7.5b | 0.5% | PE24.9x | |
| CRWV CoreWeave | US$51.57 | 24.1% +US$4.7b | n/a | PS12.5x | |
| SNOW Snowflake | US$167.66 | 5.8% +US$3.1b | 5.2% | PS15.4x | |
| SHOP Shopify | US$99.25 | 2.2% +US$2.8b | 33.3% | PE63.7x |