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U.S. Tech Hardware Industry Analysis
UpdatedDec 02, 2021
DataAggregated Company Financials
Companies64
- 7D3.0%
- 3M3.3%
- 1Y31.9%
- YTD24.9%
Over the last 7 days, the Tech Hardware industry has risen 3.0%, driven by gains from Apple of 3.2%. Meanwhile, IonQ actually underperformed within the industry, shrinking 22% in the last week. This takes the industry's 12 month performance to a gain of 32%.
Industry Valuation and Performance
Has the U.S. Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 04 Dec 2021 | US$2.9t | US$552.7b | US$106.8b | 13.7x |
| Mon, 01 Nov 2021 | US$2.7t | US$547.1b | US$102.6b | 14.6x |
| Wed, 29 Sep 2021 | US$2.6t | US$526.5b | US$93.8b | 19.7x |
| Fri, 27 Aug 2021 | US$2.7t | US$526.7b | US$93.7b | 19.7x |
| Sat, 03 Jul 2021 | US$2.5t | US$511.7b | US$91.6b | 25.7x |
| Tue, 06 Apr 2021 | US$2.2t | US$495.9b | US$79.8b | 21.8x |
| Fri, 08 Jan 2021 | US$2.4t | US$462.7b | US$66.5b | 21.5x |
| Thu, 01 Oct 2020 | US$2.0t | US$346.3b | US$57.0b | 20.8x |
| Sun, 05 Jul 2020 | US$1.6t | US$349.8b | US$60.2b | 12x |
| Wed, 08 Apr 2020 | US$1.2t | US$345.2b | US$59.8b | 10.4x |
| Tue, 31 Dec 2019 | US$1.4t | US$346.0b | US$59.9b | 16.1x |
| Fri, 04 Oct 2019 | US$1.1t | US$340.5b | US$57.4b | 16.3x |
| Mon, 08 Jul 2019 | US$990.7b | US$340.4b | US$58.5b | 17.6x |
| Sun, 31 Mar 2019 | US$980.7b | US$342.4b | US$60.7b | 15.7x |
| Wed, 02 Jan 2019 | US$852.1b | US$436.6b | US$62.3b | 10.6x |
PE Ratio
10.6x
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 17.4x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Tech industry have grown 20% per year over the last three years, and revenues for these companies have grown 8.2% 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 Hardware industry?
| Tech Hardware Storage and Peripherals | 2.96% | |
Industry PE: Investors are most optimistic about the Tech Hardware Storage and Peripherals industry even though it's trading below its 3-year average PE ratio of 17.4x. However analysts are expecting annual earnings growth of 0.8%, which is lower than the prior year's growth of 57% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Tech Hardware Storage and Peripherals industry, expecting annual earnings growth of 0.8% over the next 5 years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| AAPL Apple | 3.2%+US$82.5b | 32.4% | PE28x | |
| HPQ HP | 8.6%+US$3.4b | 57.9% | PE6.7x | |
| DELL Dell Technologies | 4.1%+US$1.8b | -18.9% | PE6.6x | |
| STX Seagate Technology Holdings | 6.9%+US$1.5b | 64.5% | PE14.5x | |
| HPE Hewlett Packard Enterprise | 5.1%+US$968.0m | 22.9% | PE5.8x |
