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U.S. Tech Hardware Industry Analysis

UpdatedMay 22, 2024
DataAggregated Company Financials
Companies47
  • 7D2.7%
  • 3M6.4%
  • 1Y14.7%
  • YTD5.5%

In the last week, the Tech Hardware industry is up 2.7%, with Apple up 2.6%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 May 2024US$3.1tUS$456.7bUS$103.3b27.6x29.8x6.7x
Sat, 20 Apr 2024US$2.7tUS$457.8bUS$102.9b23.8x26.5x6x
Mon, 18 Mar 2024US$2.8tUS$457.8bUS$102.8b26.4x27.4x6.2x
Wed, 14 Feb 2024US$3.0tUS$458.7bUS$102.6b28.3x29.1x6.5x
Fri, 12 Jan 2024US$3.0tUS$454.7bUS$98.6b27.8x30.4x6.6x
Sun, 10 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.9x6.9x
Tue, 07 Nov 2023US$2.8tUS$452.4bUS$97.1b20.4x29.2x6.3x
Thu, 05 Oct 2023US$2.8tUS$453.8bUS$95.1b23.2x29.5x6.2x
Sat, 02 Sep 2023US$3.1tUS$453.9bUS$95.1b23.3x32.1x6.7x
Mon, 31 Jul 2023US$3.2tUS$456.4bUS$95.7b32.8x33.4x7x
Wed, 28 Jun 2023US$3.0tUS$456.4bUS$95.7b31.4x31.8x6.7x
Fri, 26 May 2023US$2.8tUS$456.4bUS$95.7b25x29x6.1x
Sun, 23 Apr 2023US$2.7tUS$460.5bUS$97.1b24.7x27.6x5.8x
Tue, 21 Mar 2023US$2.6tUS$460.6bUS$97.0b24.2x26.4x5.6x
Thu, 16 Feb 2023US$2.5tUS$460.1bUS$97.3b25.8x26.1x5.5x
Sat, 14 Jan 2023US$2.2tUS$467.8bUS$102.0b22.8x21.6x4.7x
Mon, 12 Dec 2022US$2.3tUS$467.8bUS$102.0b23.3x22.9x5x
Wed, 09 Nov 2022US$2.3tUS$467.0bUS$104.4b18.7x21.8x4.9x
Fri, 07 Oct 2022US$2.4tUS$460.9bUS$105.2b16.1x22.9x5.2x
Sun, 04 Sep 2022US$2.6tUS$461.5bUS$105.4b15x24.4x5.6x
Tue, 02 Aug 2022US$2.7tUS$461.1bUS$105.7b16.3x25.3x5.8x
Thu, 30 Jun 2022US$2.3tUS$459.6bUS$108.1b14.7x21.5x5.1x
Sat, 28 May 2022US$2.5tUS$459.3bUS$108.1b16.1x23.2x5.5x
Mon, 25 Apr 2022US$2.7tUS$450.9bUS$106.9b15.3x25.4x6x
Wed, 23 Mar 2022US$2.8tUS$450.9bUS$107.1b17.7x26.5x6.3x
Fri, 18 Feb 2022US$2.9tUS$555.2bUS$113.4b10.9x25.5x5.2x
Sun, 16 Jan 2022US$3.0tUS$552.8bUS$109.2b13.9x27.5x5.4x
Tue, 14 Dec 2021US$3.1tUS$552.8bUS$109.2b12x28x5.5x
Thu, 11 Nov 2021US$2.6tUS$547.4bUS$103.7b14.3x25.1x4.8x
Sat, 09 Oct 2021US$2.6tUS$526.6bUS$93.7b20x27.6x4.9x
Mon, 06 Sep 2021US$2.8tUS$526.9bUS$93.7b18.6x29.5x5.2x
Wed, 04 Aug 2021US$2.6tUS$526.7bUS$93.7b19.8x27.9x5x
Price to Earnings Ratio

27.8x


Total Market Cap: US$2.2tTotal 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 optimistic on the American Tech industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.8x which is higher than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% 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 Market1.25%
Tech2.92%
Tech Hardware2.72%
Tech Hardware Storage and Peripherals2.72%
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$190.900.6%
+US$18.1b		11.1%PE29.2x
HPQ HPUS$33.015.3%
+US$1.6b		10.0%PE9.5x
NTAP NetAppUS$114.113.2%
+US$720.3m		72.2%PE25.1x
PSTG Pure StorageUS$60.311.2%
+US$234.1m		145.9%PE319.8x
HPE Hewlett Packard EnterpriseUS$18.151.0%
+US$234.0m		28.2%PE12.3x
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Latest News

DELL

US$147.78

Dell Technologies

7D

-0.9%

1Y

221.9%

SMCI

US$873.27

Super Micro Computer

7D

-8.3%

1Y

421.0%

DBD

US$44.20

Diebold Nixdorf

7D

3.2%

1Y

n/a

HPE

US$18.15

Hewlett Packard Enterprise

7D

1.0%

1Y

28.2%

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NTAP

US$114.11

NetApp

7D

3.2%

1Y

72.2%

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STX

US$94.67

Seagate Technology Holdings

7D

-4.1%

1Y

54.4%

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HPQ

US$33.01

HP

7D

5.3%

1Y

10.0%

AAPL

US$190.90

Apple

7D

0.6%

1Y

11.1%

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IMMR

US$9.81

Immersion

7D

5.0%

1Y

38.2%

PSTG

US$60.31

Pure Storage

7D

1.2%

1Y

145.9%

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KODK

US$4.93

Eastman Kodak

7D

-1.8%

1Y

1.4%

IONQ

US$8.60

IonQ

7D

-4.4%

1Y

-16.0%

CRSR

US$11.53

Corsair Gaming

7D

3.3%

1Y

-40.0%

WDC

US$73.54

Western Digital

7D

-2.8%

1Y

97.5%

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XRX

US$13.93

Xerox Holdings

7D

-1.6%

1Y

-2.7%

ALOT

US$16.91

AstroNova

7D

-4.5%

1Y

9.4%