Analysis Article • May 13
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- 7D8.7%
- 3M41.9%
- 1Y110.0%
- YTD44.5%
The Semiconductors industry is up 8.7% in the last week, with NVIDIA up 9.5%. This takes the industry's 12 month performance to a gain of 110%. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the U.S. Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 May 2026 | US$7.2t | US$707.7b | US$220.8b | 64.8x | 32.7x | 10.2x |
| Sun, 12 Apr 2026 | US$9.9t | US$697.9b | US$215.5b | 41.3x | 45.7x | 14.1x |
| Tue, 10 Mar 2026 | US$8.8t | US$682.0b | US$203.5b | 41.3x | 43.1x | 12.9x |
| Thu, 05 Feb 2026 | US$8.8t | US$645.3b | US$178.0b | 40.4x | 49.6x | 13.7x |
| Sat, 03 Jan 2026 | US$8.8t | US$640.8b | US$176.4b | 37.3x | 50.1x | 13.8x |
| Mon, 01 Dec 2025 | US$8.8t | US$631.0b | US$166.0b | 36.1x | 52.8x | 13.9x |
| Wed, 29 Oct 2025 | US$9.0t | US$599.7b | US$158.5b | 39.8x | 57.1x | 15.1x |
| Fri, 26 Sep 2025 | US$8.2t | US$597.4b | US$136.9b | 34.8x | 59.7x | 13.7x |
| Sun, 24 Aug 2025 | US$7.8t | US$573.3b | US$118.6b | 30.1x | 65.4x | 13.5x |
| Tue, 22 Jul 2025 | US$7.6t | US$566.4b | US$118.3b | 30.8x | 64x | 13.4x |
| Thu, 19 Jun 2025 | US$6.6t | US$563.8b | US$116.8b | 27x | 56.2x | 11.6x |
| Sat, 17 May 2025 | US$6.2t | US$541.9b | US$109.3b | 23.5x | 56.5x | 11.4x |
| Mon, 14 Apr 2025 | US$5.0t | US$537.4b | US$108.9b | 23x | 45.9x | 9.3x |
| Wed, 12 Mar 2025 | US$5.1t | US$536.3b | US$108.3b | 27.5x | 47.1x | 9.5x |
| Fri, 07 Feb 2025 | US$6.1t | US$515.8b | US$95.2b | 34.3x | 64.4x | 11.9x |
| Sun, 05 Jan 2025 | US$6.5t | US$513.5b | US$96.7b | 31.2x | 67.1x | 12.6x |
| Tue, 03 Dec 2024 | US$6.0t | US$505.0b | US$93.4b | 31.1x | 64.4x | 11.9x |
| Thu, 31 Oct 2024 | US$6.3t | US$490.2b | US$101.7b | 29.5x | 61.8x | 12.8x |
| Sat, 28 Sep 2024 | US$5.9t | US$489.3b | US$101.8b | 29.2x | 57.5x | 12x |
| Mon, 26 Aug 2024 | US$6.0t | US$466.0b | US$94.2b | 28.9x | 63.5x | 12.8x |
| Wed, 24 Jul 2024 | US$6.0t | US$467.9b | US$96.6b | 28x | 61.9x | 12.8x |
| Fri, 21 Jun 2024 | US$6.5t | US$464.9b | US$94.3b | 30.6x | 68.8x | 14x |
| Sun, 19 May 2024 | US$5.0t | US$444.9b | US$83.4b | 29.5x | 60.2x | 11.3x |
| Tue, 16 Apr 2024 | US$4.8t | US$447.5b | US$81.6b | 28.3x | 59x | 10.8x |
| Thu, 14 Mar 2024 | US$5.0t | US$446.3b | US$78.2b | 29.4x | 63.7x | 11.2x |
| Sat, 10 Feb 2024 | US$4.4t | US$429.5b | US$71.3b | 29.2x | 61x | 10.1x |
| Mon, 08 Jan 2024 | US$3.5t | US$433.3b | US$69.5b | 26.2x | 49.8x | 8x |
| Wed, 06 Dec 2023 | US$3.2t | US$432.2b | US$70.4b | 24.8x | 44.8x | 7.3x |
| Fri, 03 Nov 2023 | US$2.9t | US$421.4b | US$62.6b | 22.2x | 45.6x | 6.8x |
| Sun, 01 Oct 2023 | US$3.0t | US$428.2b | US$65.8b | 24.8x | 44.9x | 6.9x |
| Tue, 29 Aug 2023 | US$3.0t | US$427.7b | US$68.4b | 25.8x | 43.6x | 7x |
| Thu, 27 Jul 2023 | US$3.1t | US$428.4b | US$66.7b | 23.3x | 46.9x | 7.3x |
| Sat, 24 Jun 2023 | US$2.9t | US$434.1b | US$71.9b | 22.9x | 40.4x | 6.7x |
| Mon, 22 May 2023 | US$2.5t | US$434.7b | US$70.4b | 21.1x | 35.8x | 5.8x |
Price to Earnings Ratio
35.8x
Current Industry PE
- Investors are pessimistic on the American Semiconductor 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 32.7x which is lower than its 3-year average PE of 54.3x.
- The industry is trading close to its 3-year average PS ratio of 11.1x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 1.15% | |
| Tech | 4.83% | |
| Semiconductors | 8.72% | |
| Semiconductors | 9.06% | |
| Semiconductor Equipment | 5.54% | |
Industry PE
- Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 31.7x.
- Analysts expect its future annual earnings growth (20.9%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.2x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| NVDA NVIDIA | US$235.74 | 9.5% +US$481.2b | 74.1% | PE47.6x | |
| MU Micron Technology | US$776.01 | 20.0% +US$145.9b | 713.0% | PE36.3x | |
| AVGO Broadcom | US$439.79 | 6.6% +US$128.9b | 89.0% | PE83.4x | |
| AMD Advanced Micro Devices | US$449.70 | 10.1% +US$67.2b | 291.1% | PE148.7x | |
| INTC Intel | US$115.93 | 5.8% +US$31.7b | 438.0% | PS10.8x |