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U.S. Tech Hardware Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies46
  • 7D2.1%
  • 3M7.4%
  • 1Y32.2%
  • YTD1.4%

The Tech Hardware industry is up 5.2% in the last week, with Apple up 1.8%. In the same time, IonQ was down 13%. This means that the industry has gained 34% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025US$3.8tUS$486.7bUS$100.5b23.6x38.2x7.9x
Sun, 19 Jan 2025US$3.6tUS$473.9bUS$97.2b23.8x37x7.6x
Tue, 17 Dec 2024US$3.9tUS$473.9bUS$97.2b27.6x40x8.2x
Thu, 14 Nov 2024US$3.5tUS$472.6bUS$96.4b22.6x36.3x7.4x
Sat, 12 Oct 2024US$3.6tUS$466.0bUS$106.7b20.1x33.6x7.7x
Mon, 09 Sep 2024US$3.5tUS$466.1bUS$106.6b20.1x32.5x7.4x
Wed, 07 Aug 2024US$3.3tUS$461.9bUS$105.9b24.4x31.2x7.2x
Fri, 05 Jul 2024US$3.6tUS$457.1bUS$103.3b27.2x34.4x7.8x
Sun, 02 Jun 2024US$3.1tUS$456.8bUS$103.3b28.6x30x6.8x
Tue, 30 Apr 2024US$2.8tUS$458.2bUS$103.4b24.5x26.7x6x
Thu, 28 Mar 2024US$2.8tUS$457.8bUS$102.9b26.5x27.5x6.2x
Sat, 24 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.7x6.4x
Mon, 22 Jan 2024US$3.1tUS$454.7bUS$98.6b28.3x31.1x6.7x
Wed, 20 Dec 2023US$3.2tUS$455.3bUS$98.5b28.8x32.1x7x
Fri, 17 Nov 2023US$3.0tUS$456.1bUS$98.1b22.1x31x6.7x
Sun, 15 Oct 2023US$2.9tUS$453.8bUS$95.1b23.6x30.4x6.4x
Tue, 12 Sep 2023US$2.9tUS$453.9bUS$95.1b22.9x30.5x6.4x
Thu, 10 Aug 2023US$2.9tUS$454.0bUS$95.2b31.7x30.2x6.3x
Sat, 08 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Mon, 05 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.6x6.4x
Wed, 03 May 2023US$2.7tUS$460.6bUS$97.1b21.6x28.1x5.9x
Fri, 31 Mar 2023US$2.6tUS$460.6bUS$97.0b25.2x27.2x5.7x
Sun, 26 Feb 2023US$2.4tUS$460.0bUS$97.2b24.4x24.6x5.2x
Tue, 24 Jan 2023US$2.3tUS$467.8bUS$102.0b23.1x22.6x4.9x
Thu, 22 Dec 2022US$2.2tUS$467.8bUS$102.0b22.4x21.8x4.8x
Sat, 19 Nov 2022US$2.5tUS$467.0bUS$104.4b17.4x23.8x5.3x
Mon, 17 Oct 2022US$2.3tUS$460.8bUS$105.2b14.3x21.7x5x
Wed, 14 Sep 2022US$2.7tUS$461.5bUS$105.4b16.8x25.6x5.9x
Fri, 12 Aug 2022US$2.8tUS$461.1bUS$105.3b13.5x26.5x6x
Sun, 10 Jul 2022US$2.5tUS$459.6bUS$108.1b14.6x22.7x5.3x
Tue, 07 Jun 2022US$2.4tUS$459.6bUS$108.1b16.3x22.6x5.3x
Thu, 05 May 2022US$2.7tUS$458.8bUS$108.1b16.3x24.7x5.8x
Sat, 02 Apr 2022US$2.9tUS$450.9bUS$106.9b15.6x27.4x6.5x
Mon, 28 Feb 2022US$2.8tUS$450.3bUS$106.6b13.2x26x6.2x
Price to Earnings Ratio

26x


Total Market Cap: US$2.8tTotal Earnings: US$106.6bTotal Revenue: US$450.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 28.9x202320242025
Current Industry PE
  • Investors are optimistic on the American Tech industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.0x which is higher than its 3-year average PE of 28.9x.
  • The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

US Market-0.41%
Tech0.23%
Tech Hardware2.08%
Tech Hardware Storage and Peripherals2.08%
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
AAPL AppleUS$245.831.8%
+US$64.6b		33.3%PE38.4x
SMCI Super Micro ComputerUS$59.2740.2%
+US$9.9b		-39.2%PE28.7x
DELL Dell TechnologiesUS$119.898.7%
+US$6.7b		36.6%PE20.4x
SNDK.V SandiskUS$48.2634.1%
+US$1.8b		n/aPE121.9x
NTAP NetAppUS$124.555.8%
+US$1.4b		44.8%PE22x
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