Header cover image

U.S. Tech Hardware Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies47
  • 7D-1.6%
  • 3M-3.9%
  • 1Y23.5%
  • YTD-1.2%

Over the last 7 days, the Tech Hardware industry has dropped 1.6%, driven by a pullback from Apple of 1.4%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 6.0% annually.

Industry Valuation and Performance

Has the U.S. Tech Hardware Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024US$2.9tUS$458.7bUS$102.6b27.8x28.6x6.4x
Fri, 19 Jan 2024US$3.0tUS$454.7bUS$98.6b27.1x30.6x6.6x
Sun, 17 Dec 2023US$3.2tUS$455.3bUS$98.5b27.4x32.2x7x
Tue, 14 Nov 2023US$3.0tUS$456.1bUS$98.2b19x30.2x6.5x
Thu, 12 Oct 2023US$2.9tUS$453.8bUS$95.1b25.5x30.5x6.4x
Sat, 09 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.2x6.3x
Mon, 07 Aug 2023US$2.9tUS$453.5bUS$95.2b31.7x30.9x6.5x
Wed, 05 Jul 2023US$3.1tUS$456.4bUS$95.7b32.1x32.6x6.8x
Fri, 02 Jun 2023US$2.9tUS$456.4bUS$95.7b30x30.5x6.4x
Sun, 30 Apr 2023US$2.8tUS$460.6bUS$97.2b21.7x28.3x6x
Tue, 28 Mar 2023US$2.6tUS$460.6bUS$97.0b23.7x26.6x5.6x
Thu, 23 Feb 2023US$2.4tUS$460.1bUS$97.4b24.8x25x5.3x
Sat, 21 Jan 2023US$2.3tUS$467.8bUS$102.0b22.7x22.1x4.8x
Mon, 19 Dec 2022US$2.2tUS$467.8bUS$102.0b22.3x21.6x4.7x
Wed, 16 Nov 2022US$2.5tUS$467.1bUS$104.5b16.9x23.6x5.3x
Fri, 14 Oct 2022US$2.4tUS$460.8bUS$105.2b15.2x22.5x5.1x
Sun, 11 Sep 2022US$2.6tUS$461.5bUS$105.4b16.6x24.7x5.6x
Tue, 09 Aug 2022US$2.7tUS$460.5bUS$105.3b17x25.9x5.9x
Thu, 07 Jul 2022US$2.4tUS$459.6bUS$108.1b14.4x21.8x5.1x
Sat, 04 Jun 2022US$2.4tUS$459.6bUS$108.1b16.2x22.5x5.3x
Mon, 02 May 2022US$2.6tUS$458.8bUS$108.1b15.4x24.3x5.7x
Wed, 30 Mar 2022US$3.0tUS$450.7bUS$107.0b17.5x27.6x6.6x
Fri, 25 Feb 2022US$2.8tUS$555.4bUS$113.4b10.8x24.5x5x
Sun, 23 Jan 2022US$2.8tUS$552.8bUS$109.2b12.1x25.8x5.1x
Tue, 21 Dec 2021US$3.0tUS$552.8bUS$109.2b11.8x27x5.3x
Thu, 18 Nov 2021US$2.7tUS$547.5bUS$103.7b14.4x25.7x4.9x
Sat, 16 Oct 2021US$2.6tUS$526.6bUS$93.7b20.1x27.7x4.9x
Mon, 13 Sep 2021US$2.7tUS$526.9bUS$93.7b18x28.9x5.1x
Wed, 11 Aug 2021US$2.6tUS$526.7bUS$93.7b20.4x27.8x4.9x
Sun, 06 Jun 2021US$2.2tUS$489.2bUS$81.0b23.6x27.8x4.6x
Wed, 10 Mar 2021US$2.2tUS$464.3bUS$67.2b23.6x32.8x4.8x
Price to Earnings Ratio

32.8x


Total Market Cap: US$2.2tTotal Earnings: US$67.2bTotal Revenue: US$464.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 27.2x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Tech industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.2x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 15% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market-0.46%
Tech-2.53%
Tech Hardware-1.58%
Tech Hardware Storage and Peripherals-1.58%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
XRX Xerox HoldingsUS$18.813.0%
+US$66.5m
15.8%PS0.3x
HPQ HPUS$28.630.2%
+US$49.5m
-1.5%PE8.7x
DBD Diebold NixdorfUS$34.673.3%
+US$41.7m
n/aPE1.1x
NNDM Nano DimensionUS$2.692.7%
+US$16.5m
-6.3%PS11.7x
OSS One Stop SystemsUS$3.0522.0%
+US$11.3m
1.7%PS1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

WDC

US$54.13

Western Digital

7D

-3.5%

1Y

36.8%

HPE

US$15.01

Hewlett Packard Enterprise

7D

-1.4%

1Y

-4.7%

DBD

US$34.67

Diebold Nixdorf

7D

3.3%

1Y

n/a

IONQ

US$10.62

IonQ

7D

-2.8%

1Y

123.1%

XRX

US$18.81

Xerox Holdings

7D

3.0%

1Y

15.8%

AVID

US$27.04

Avid Technology

7D

0.1%

1Y

0.4%