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U.S. Tech Hardware Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies40
- 7D1.9%
- 3M0.4%
- 1Y20.2%
- YTD23.1%
In the last week, the Tech Hardware industry is up 1.9%, with Apple up 1.4%. This means that the industry has gained 20% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the U.S. Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | US$3.6t | US$472.5b | US$96.4b | 23.1x | 36.9x | 7.5x |
| Fri, 18 Oct 2024 | US$3.7t | US$466.0b | US$106.7b | 20x | 34.3x | 7.8x |
| Sun, 15 Sep 2024 | US$3.5t | US$466.0b | US$106.7b | 22.2x | 32.8x | 7.5x |
| Tue, 13 Aug 2024 | US$3.4t | US$465.1b | US$106.7b | 23.5x | 31.9x | 7.3x |
| Thu, 11 Jul 2024 | US$3.7t | US$457.1b | US$103.3b | 28.1x | 35.5x | 8x |
| Sat, 08 Jun 2024 | US$3.1t | US$457.1b | US$103.2b | 25.8x | 30.4x | 6.9x |
| Mon, 06 May 2024 | US$3.0t | US$456.7b | US$103.3b | 25.5x | 28.6x | 6.5x |
| Wed, 03 Apr 2024 | US$2.8t | US$457.8b | US$102.9b | 24.4x | 27.1x | 6.1x |
| Fri, 01 Mar 2024 | US$2.9t | US$458.7b | US$102.4b | 27.7x | 28.5x | 6.4x |
| Sun, 28 Jan 2024 | US$3.1t | US$454.4b | US$98.6b | 30.7x | 31.3x | 6.8x |
| Tue, 26 Dec 2023 | US$3.1t | US$455.3b | US$98.5b | 26.6x | 31.6x | 6.8x |
| Thu, 23 Nov 2023 | US$3.1t | US$456.1b | US$98.1b | 22.1x | 31.3x | 6.7x |
| Sat, 21 Oct 2023 | US$2.8t | US$453.8b | US$95.1b | 20.5x | 29.3x | 6.1x |
| Mon, 18 Sep 2023 | US$2.8t | US$453.9b | US$95.1b | 20.6x | 29.7x | 6.2x |
| Wed, 16 Aug 2023 | US$2.9t | US$454.0b | US$95.2b | 25.5x | 30.1x | 6.3x |
| Fri, 14 Jul 2023 | US$3.1t | US$456.4b | US$95.7b | 31.8x | 32.3x | 6.8x |
| Sun, 11 Jun 2023 | US$2.9t | US$456.4b | US$95.7b | 30.2x | 30.7x | 6.4x |
| Tue, 09 May 2023 | US$2.8t | US$458.1b | US$96.3b | 21.5x | 29.1x | 6.1x |
| Thu, 06 Apr 2023 | US$2.7t | US$460.6b | US$97.1b | 24.1x | 27.4x | 5.8x |
| Sat, 04 Mar 2023 | US$2.5t | US$460.8b | US$97.2b | 25.1x | 25.3x | 5.3x |
| Mon, 30 Jan 2023 | US$2.4t | US$468.0b | US$102.8b | 23.5x | 23.2x | 5.1x |
| Wed, 28 Dec 2022 | US$2.1t | US$467.8b | US$102.0b | 22.1x | 20.9x | 4.6x |
| Fri, 25 Nov 2022 | US$2.5t | US$467.0b | US$104.4b | 18x | 23.7x | 5.3x |
| Sun, 23 Oct 2022 | US$2.4t | US$460.8b | US$105.2b | 14.1x | 23.1x | 5.3x |
| Tue, 20 Sep 2022 | US$2.6t | US$461.4b | US$105.4b | 15.5x | 24.2x | 5.5x |
| Thu, 18 Aug 2022 | US$2.9t | US$461.1b | US$105.3b | 15.9x | 27.4x | 6.3x |
| Sat, 16 Jul 2022 | US$2.5t | US$459.6b | US$108.1b | 14.9x | 22.9x | 5.4x |
| Mon, 13 Jun 2022 | US$2.3t | US$459.6b | US$108.1b | 15.5x | 21.2x | 5x |
| Wed, 11 May 2022 | US$2.6t | US$459.0b | US$108.0b | 15.3x | 23.9x | 5.6x |
| Fri, 08 Apr 2022 | US$2.9t | US$450.9b | US$106.9b | 14.6x | 27x | 6.4x |
| Sun, 06 Mar 2022 | US$2.7t | US$450.9b | US$107.2b | 14.3x | 25.6x | 6.1x |
| Tue, 01 Feb 2022 | US$3.0t | US$554.6b | US$113.2b | 11.1x | 26.4x | 5.4x |
| Thu, 30 Dec 2021 | US$3.1t | US$552.8b | US$109.2b | 12.6x | 28.6x | 5.6x |
| Sat, 27 Nov 2021 | US$2.8t | US$552.5b | US$106.8b | 13.6x | 25.8x | 5x |
Price to Earnings Ratio
25.8x
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 36.9x which is higher than its 3-year average PE of 28.0x.
- The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 7.5x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 3.3% per year over the last three years,
- Revenues have also declined 5.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -1.19% | |
| Tech | -1.35% | |
| Tech Hardware | 1.87% | |
| Tech Hardware Storage and Peripherals | 1.87% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AAPL Apple | US$229.00 | 1.7% +US$58.6b | 19.7% | PE36.9x | |
| SMCI Super Micro Computer | US$25.80 | 26.9% +US$3.2b | -10.0% | PE12.5x | |
| NTAP NetApp | US$123.45 | 3.2% +US$772.0m | 58.3% | PE23.3x | |
| IONQ IonQ | US$28.86 | 7.8% +US$454.4m | 132.4% | PS166.7x | |
| WDC Western Digital | US$63.84 | 1.8% +US$383.7m | 36.1% | PE67.1x |
