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U.S. Tech Hardware Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies45
  • 7D1.3%
  • 3M-10.4%
  • 1Y3.6%
  • YTD-6.8%

The Tech Hardware industry is up 1.3% in the last week, with Apple up 1.7%. Meanwhile, Super Micro Computer actually underperformed within the industry, shrinking 15% in the last week. This means that the industry has gained 3.6% over the past year. Looking forward, earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024US$2.8tUS$457.6bUS$102.7b24.1x26.9x6x
Mon, 25 Mar 2024US$2.8tUS$457.8bUS$102.9b26.4x27.3x6.1x
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
Price to Earnings Ratio

29.2x


Total Market Cap: US$2.4tTotal Earnings: US$81.0bTotal Revenue: US$489.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 27x202220232024
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 27.0x.
  • The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

US Market0.97%
Tech0.26%
Tech Hardware1.33%
Tech Hardware Storage and Peripherals1.33%
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$169.302.6%
+US$66.4b		-0.2%PE25.9x
SMCI Super Micro ComputerUS$857.4420.1%
+US$8.4b		713.3%PE68.5x
DELL Dell TechnologiesUS$125.068.9%
+US$7.3b		187.6%PE27.8x
WDC Western DigitalUS$71.368.0%
+US$1.7b		107.2%PS2x
PSTG Pure StorageUS$52.957.1%
+US$1.1b		131.9%PE280.6x
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Latest News

WLDS

US$0.37

Wearable Devices

7D

-23.3%

1Y

-33.4%

WDC

US$71.36

Western Digital

7D

8.0%

1Y

107.2%

STX

US$86.04

Seagate Technology Holdings

7D

4.3%

1Y

46.4%

XRX

US$14.00

Xerox Holdings

7D

-14.8%

1Y

-10.7%

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Apr 26
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SCKT

US$1.02

Socket Mobile

7D

-0.8%

1Y

-41.6%

HEAR

US$14.14

Turtle Beach

7D

-2.1%

1Y

30.1%

HPE

US$17.17

Hewlett Packard Enterprise

7D

2.3%

1Y

19.9%

KODK

US$4.52

Eastman Kodak

7D

-2.2%

1Y

37.4%

SMCI

US$857.44

Super Micro Computer

7D

20.1%

1Y

713.3%

Super Micro Computer Stock Plunges - What To Expect From Its Q3 Earnings?

Apr 23

AAPL

US$169.30

Apple

7D

2.6%

1Y

-0.2%

High-Quality Dividend Growth Near 52-Week Lows: Apple Is Attractive

Apr 21

DELL

US$125.06

Dell Technologies

7D

8.9%

1Y

187.6%

Dell: AI Pixie Dust Warrants A Re-Rating, But Shares Are Fairly Priced Today

Apr 19

NTAP

US$101.33

NetApp

7D

3.5%

1Y

61.1%

MOVE

US$0.47

Movano

7D

-3.5%

1Y

-52.5%

PSTG

US$52.95

Pure Storage

7D

7.1%

1Y

131.9%