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

Investors are optimistic on the American Technology Hardware, Storage and Peripherals industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 37.5x which is higher than its 3-year average PE of 33.4x. The 3-year average PS ratio of 7.1x is lower than the industry's current PS ratio of 8.7x.

How does U.S. Tech Hardware Storage and Peripherals compare with similar industries?

There are no additional sub-industries under this industry.

U.S. Tech Hardware Storage and Peripherals Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 18 May 2026	US$5.1t	US$584.2b	US$136.5b	41.1x	37.5x	8.7x
Wed, 15 Apr 2026	US$4.3t	US$556.1b	US$122.6b	31.5x	35x	7.7x
Fri, 13 Mar 2026	US$4.2t	US$556.2b	US$122.6b	22.4x	34.4x	7.6x
Sun, 08 Feb 2026	US$4.5t	US$552.7b	US$121.6b	29.5x	36.9x	8.1x
Tue, 06 Jan 2026	US$4.2t	US$514.0b	US$111.8b	24.7x	37.4x	8.1x
Thu, 04 Dec 2025	US$4.4t	US$512.9b	US$113.1b	25.6x	39x	8.6x
Sat, 01 Nov 2025	US$4.2t	US$505.1b	US$100.8b	28.9x	42x	8.4x
Mon, 29 Sep 2025	US$4.0t	US$504.4b	US$100.3b	26x	39.7x	7.9x
Wed, 27 Aug 2025	US$3.5t	US$502.8b	US$100.5b	21.5x	35.1x	7x
Fri, 25 Jul 2025	US$3.4t	US$500.2b	US$98.6b	19.6x	34x	6.7x
Sun, 22 Jun 2025	US$3.1t	US$500.2b	US$98.5b	17.5x	31.2x	6.1x
Tue, 20 May 2025	US$3.3t	US$499.6b	US$100.0b	16.7x	32.8x	6.6x
Thu, 17 Apr 2025	US$3.1t	US$494.0b	US$101.2b	11.7x	31x	6.3x
Sat, 15 Mar 2025	US$3.3t	US$494.1b	US$101.2b	16.5x	32.2x	6.6x
Mon, 10 Feb 2025	US$3.6t	US$479.7b	US$100.5b	21.7x	35.4x	7.4x
Wed, 08 Jan 2025	US$3.8t	US$473.9b	US$97.2b	23.8x	39.5x	8.1x
Fri, 06 Dec 2024	US$3.8t	US$472.8b	US$96.5b	22.7x	39.5x	8.1x
Sun, 03 Nov 2024	US$3.5t	US$472.6b	US$98.6b	14.6x	35.4x	7.4x
Tue, 01 Oct 2024	US$3.7t	US$466.0b	US$106.7b	15.2x	34.4x	7.9x
Thu, 29 Aug 2024	US$3.6t	US$465.2b	US$106.5b	21.6x	33.8x	7.7x
Sat, 27 Jul 2024	US$3.5t	US$456.9b	US$103.3b	26.3x	33.6x	7.6x
Mon, 24 Jun 2024	US$3.3t	US$457.1b	US$103.2b	26.6x	32.4x	7.3x
Wed, 22 May 2024	US$3.1t	US$456.7b	US$103.3b	27.6x	29.8x	6.7x
Fri, 19 Apr 2024	US$2.7t	US$457.8b	US$102.9b	23.8x	26.5x	6x
Sun, 17 Mar 2024	US$2.8t	US$457.8b	US$102.8b	26.4x	27.4x	6.2x
Tue, 13 Feb 2024	US$3.0t	US$458.7b	US$102.6b	28.6x	29.4x	6.6x
Thu, 11 Jan 2024	US$3.0t	US$454.7b	US$98.6b	27.8x	30.2x	6.6x
Sat, 09 Dec 2023	US$3.1t	US$455.3b	US$98.5b	26.6x	31.6x	6.8x
Mon, 06 Nov 2023	US$2.8t	US$452.4b	US$97.1b	20.6x	29.2x	6.3x
Wed, 04 Oct 2023	US$2.8t	US$453.8b	US$95.1b	22.3x	29.5x	6.2x
Fri, 01 Sep 2023	US$3.0t	US$453.9b	US$95.1b	22.7x	31.9x	6.7x
Sun, 30 Jul 2023	US$3.2t	US$456.4b	US$95.7b	32.8x	33x	6.9x
Tue, 27 Jun 2023	US$3.0t	US$456.4b	US$95.7b	30.9x	31.3x	6.6x
Thu, 25 May 2023	US$2.8t	US$456.4b	US$95.7b	25x	29x	6.1x


US Market	-0.26%
Tech	0.82%
Tech Hardware	1.58%
Tech Hardware Storage and Peripherals	1.58%

Company	Last Price	7D	1Y	Valuation
AAPL Apple	US$300.23	2.4% +US$101.5b	42.1%	PE36x
STX Seagate Technology Holdings	US$795.47	1.6% +US$2.9b	638.0%	PE75x
HPE Hewlett Packard Enterprise	US$33.10	5.6% +US$2.3b	86.5%	PS1.2x
IONQ IonQ	US$51.95	5.5% +US$1.0b	48.5%	PE62.9x
P Everpure	US$81.18	3.9% +US$1.0b	43.5%	PE143.3x

Announcement • May 16

Hagens Berman Files Securities Class Action Against Super Micro Computer and Its Senior Executives

Hagens Berman announced that the firm has filed a new class action lawsuit in the U.S. District Court for the Northern District of California asserting claims for violations of the federal securities laws by Super Micro and certain of its senior executives, alleging that Defendants concealed a massive illegal scheme to sell billions of dollars’ worth of advanced AI servers—powered by Nvidia chips subject to U.S. export restrictions—to the People's Republic of China through a Southeast Asian shell entity. The new class action lawsuit, captioned Chung v. Super Micro Computer, Inc., et al., No. 5:26-cv-04394 (N.D. Cal.) (“Chung”), is brought on behalf of investors who purchased or otherwise acquired Super Micro common stock between February 2, 2024 and March 19, 2026, inclusive (the “Class Period”). The new Chung class action does not alter the previous deadline to seek appointment as Lead Plaintiff. Under the Private Securities Litigation Reform Act of 1995, investors who acquired Super Micro common stock during the Class Period may, no later than May 26, 2026, seek to be appointed as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class. Chung is related to previously filed securities class actions against Super Micro captioned Bhuva v. Super Micro Computer, Inc., No. 3:26-cv-02606 (N.D. Cal.) (“Bhuva”) which asserts a class period of April 30, 2024 through March 19, 2026 inclusive and City of Hialeah Employees’ Retirement System v. Super Micro Computer, Inc., No. 3:26-cv-3018 (N.D. Cal.) (“Hialeah”) which asserts a class period of February 2, 2024 through March 19, 2026 inclusive (the “Related Actions”). The action alleges that Super Micro and certain of its senior officers violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making false and misleading statements and concealing an illegal scheme to sell billions of dollars’ worth of Super Micro servers—embedded with Nvidia AI chips—to China through a Southeast Asian passthrough entity in violation of U.S. export control laws. According to the complaint, Defendants carried out a two-phase campaign of deception: first, by making public assurances of compliance with U.S. export restrictions, and second—after the Company missed SEC filing deadlines, the Company’s auditor Ernst & Young resigned and the Company opened an internal Special Committee investigation into Super Micro’s compliance with export controls —by providing only partial corrective information but concealing the underlying export fraud. The complaint alleges that the full scope of the scheme was not revealed until March 19, 2026, when a federal court unsealed a Department of Justice Grand Jury Indictment charging Super Micro's co-founder and Senior Vice President Yih-Shyan “Wally” Liaw and others with conspiring to divert high-performance servers to China—a conspiracy that generated at least approximately $2.5 billion in sales and involved the staging of “dummy” servers, fabrication of data center lease agreements, and active obstruction of the Company’s own internal compliance audits. This news drove the price of Super Micro shares down $10.26 (-33%) the next day. Unlike the related actions filed to date, the complaint identifies two earlier partial corrective disclosures that caused substantial additional stock price declines and that strengthen the case for recovery. First, on August 28, 2024, Super Micro announced that it would not timely file its annual report on Form 10-K, a delay that the Company would later confirm was due to an internal Special Committee probe concerning, among other things, whether Super Micro complied with relevant U.S. export laws and regulations. In response to this disclosure, the price of Super Micro common stock declined 19%. Second, on October 30, 2024, Super Micro disclosed that Ernst & Young had resigned as the Company's registered public accounting firm after determining it could no longer rely on representations from management or the Audit Committee. The Company would later admit that EY's resignation was due in part to its concern over at least eleven specific export transactions and that the Special Committee's inquiry expressly concerned whether Super Micro complied with relevant U.S. export laws and regulations. In response, Super Micro's stock fell 32.6%. The complaint alleges that the Indictment, unsealed on March 19, 2026, added critical context to both disclosures by revealing that, at or around the same time EY resigned in October 2024, Defendants Liaw and another Super Micro senior employee were actively undermining the Company's own October 2024 compliance audit of Company-1—including by preventing auditors from entering Company-1's purported data center facilities, arranging for a “friendly” auditor to conduct the review, and fabricating lease agreements to create the false appearance that Company-1 had sufficient data center capacity to justify its server purchases. Because neither the August 28, nor October 30, 2024 disclosures revealed the underlying illegal diversion of servers to China, the complaint alleges that Super Micro’s stock continued to trade at artificially inflated prices until the full scope of the fraud was revealed by the Indictment.

Announcement • May 14

Hewlett Packard Enterprise Delivers Unified Private Clouds and Data Platforms to Accelerate Enterprise Modernization and AI Data Readiness

Hewlett Packard Enterprise Company announced new GreenLake innovations across private cloud, storage and data protection that reshape how enterprises modernize infrastructure and accelerate AI data readiness. GreenLake delivers a cohesive approach that enables organizations to modernize virtualized and cloud-native workloads without forcing customers into fragmented, multi-vendor tools or risky migrations. HPE Private Cloud is now in its fourth generation and delivers a flexible experience for organizations modernizing infrastructure beyond traditional virtualization environments. HPE Private Cloud now offers Kubernetes for unified management of virtual machines (VMs) and containers on a single platform, with independent scaling for cloud-native workloads. HPE also offers a seamless path for current HPE Private Cloud Business Edition customers to upgrade their software to manage both VMs and Kubernetes using their existing infrastructure. By offering unified infrastructure, operations, and data in an integrated, single-vendor solution, HPE Private Cloud gives customers control and consistent operations, helping them reduce cost and manage risk. For customers that want to build a unified cloud operating model with hybrid and multicloud management, orchestration, migration and automation, HPE Private Cloud offers a streamlined upgrade path to the enterprise edition of HPE Morpheus Software. The new HPE Private Cloud system is built on the latest HPE ProLiant Compute Gen12, delivering improved performance per watt, higher workload consolidation, and enhanced security with HPE Integrated Lights-Out (iLO). HPE Zerto Software now enables live workload migration from VMware environments to HPE virtual machines with continuous data protection. This integration helps organizations migrate with minimal disruption while maintaining enterprise-grade continuous workload protection and ultra-fast granular recovery from cyber events. New integrations for the Veeam Data Platform provide data protection for HPE Private Cloud with agentless, host-level, image-based backup, native changed block tracking for efficiency, and cross-platform recovery to provide data mobility. HPE StoreOnce now integrates with HPE Private Cloud to deliver efficient, space-saving backup for real-time replication with near-zero RPO/RTO recovery. For hyperconverged infrastructure in edge and distributed use cases, HPE SimpliVity now supports HPE Morpheus VM Essentials and extended resilience and backup with HPE StoreOnce Gen5 systems. Native StoreOnce integration gives customers seamless, secure and space-efficient backup for their data. These capabilities help standardize operations, improve resilience, and simplify data protection for virtualized workloads. HPE is expanding its unified data layer with new native file storage, additional scale-out block storage, and agentic AI management. These new innovations enable organizations to accelerate AI data pipelines with intelligent data and transform how data is managed, protected, and activated across the enterprise. HPE Alletra Storage MP X10000 expands how customers access data by giving them new native file storage alongside existing object storage on a single platform. The X10000 now scales to 16 nodes and 23PB raw capacity and offers a new 100% data availability guarantee to keep applications running without disruption1. The X10000 will deliver remote direct memory access (RDMA) enabled file storage, building on existing support for S3 (object storage) over RDMA. These advanced capabilities simplify how data for AI pipelines is stored and accessed across training, inference, and KV cache workloads. The X10000 also enables a broader range of analytics, cyber resilience, and backup use cases with industry-leading backup ingest performance of up to 2.5 PB/hour using the X10000 Data Protection Accelerator Node. HPE Alletra Storage MP B10000 expands performance and resilience for mission-critical workloads with new real-time, agentic support that autonomously detects, analyzes, and resolves storage issues and a new 5:1 data reduction guarantee to increase efficiencies and lower overall cost per TB. The B10000 also allows additional scaling from four to six controller nodes to provide 50% more performance and built-in dual-node fault tolerance. HPE Data Fabric Software features new policy-based data placement and movement, providing a comprehensive solution for organizations to prepare and manage data for AI workloads across hybrid environments. A new conversational interface and agentic AI assistant provide natural language access to the global namespace for faster insights, automated reporting, and improved decision-making. Enhanced metadata integration improves visibility, classification, and lineage, and support for open standards like Apache Polaris for consistent governance and compliance across platforms. HPE Zerto offers new AI-powered data protection through a simple AI assistant and is now integrated with Microsoft Defender to deliver real-time threat visibility and faster recovery, building on HPE’s orchestrated recovery at scale innovations announced at RSAC 2026. Availability: New fourth-generation HPE Private Cloud systems are available now. Support for unified management of VMs and containers on HPE Private Cloud will be generally available in third quarter 2026. Integrated support for HPE StoreOnce, HPE Zerto Software, and Veeam Data Platform for HPE Private Cloud are available now. HPE SimpliVity integrations with HPE StoreOnce Gen5 systems will be generally available in third quarter 2026. HPE Alletra Storage MP X10000 with file storage will be generally available in second quarter 2026, with 16-node scale out and RDMA for file support generally available in third quarter 2026. HPE Data Fabric Software updates are available now. HPE Zerto Software enhancements will be generally available in second quarter 2026.

U.S. Tech Hardware Storage and Peripherals Industry Analysis

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