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U.S. Tech Hardware Industry Analysis

UpdatedMay 04, 2025
DataAggregated Company Financials
Companies46
  • 7D-1.7%
  • 3M-10.2%
  • 1Y10.1%
  • YTD-15.9%

Over the last 7 days, the Tech Hardware industry has dropped 1.7%, driven by a pullback from Apple of 1.9%. On the other hand Seagate Technology Holdings is actually up 13%. This takes the industry's 12 month performance to a gain of 10%. Earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 May 2025US$3.2tUS$498.6bUS$102.2b13.4x31.1x6.4x
Tue, 01 Apr 2025US$3.4tUS$494.1bUS$101.2b14.1x33.4x6.8x
Thu, 27 Feb 2025US$3.8tUS$492.6bUS$100.7b21.4x38.2x7.8x
Sat, 25 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x36.1x7.4x
Mon, 23 Dec 2024US$4.0tUS$473.9bUS$97.2b25.8x40.9x8.4x
Wed, 20 Nov 2024US$3.6tUS$472.5bUS$96.4b23.1x36.9x7.5x
Fri, 18 Oct 2024US$3.7tUS$466.0bUS$106.7b20x34.3x7.8x
Sun, 15 Sep 2024US$3.5tUS$466.0bUS$106.7b22.2x32.8x7.5x
Tue, 13 Aug 2024US$3.4tUS$465.1bUS$106.7b23.5x31.9x7.3x
Thu, 11 Jul 2024US$3.7tUS$457.1bUS$103.3b28.1x35.5x8x
Sat, 08 Jun 2024US$3.1tUS$457.1bUS$103.2b25.8x30.4x6.9x
Mon, 06 May 2024US$3.0tUS$456.7bUS$103.3b25.5x28.6x6.5x
Wed, 03 Apr 2024US$2.8tUS$457.8bUS$102.9b24.4x27.1x6.1x
Fri, 01 Mar 2024US$2.9tUS$458.7bUS$102.4b27.7x28.5x6.4x
Sun, 28 Jan 2024US$3.1tUS$454.4bUS$98.6b30.7x31.3x6.8x
Tue, 26 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.6x6.8x
Thu, 23 Nov 2023US$3.1tUS$456.1bUS$98.1b22.1x31.3x6.7x
Sat, 21 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Mon, 18 Sep 2023US$2.8tUS$453.9bUS$95.1b20.6x29.7x6.2x
Wed, 16 Aug 2023US$2.9tUS$454.0bUS$95.2b25.5x30.1x6.3x
Fri, 14 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Sun, 11 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.7x6.4x
Tue, 09 May 2023US$2.8tUS$458.1bUS$96.3b21.5x29.1x6.1x
Thu, 06 Apr 2023US$2.7tUS$460.6bUS$97.1b24.1x27.4x5.8x
Sat, 04 Mar 2023US$2.5tUS$460.8bUS$97.2b25.1x25.3x5.3x
Mon, 30 Jan 2023US$2.4tUS$468.0bUS$102.8b23.5x23.2x5.1x
Wed, 28 Dec 2022US$2.1tUS$467.8bUS$102.0b22.1x20.9x4.6x
Fri, 25 Nov 2022US$2.5tUS$467.0bUS$104.4b18x23.7x5.3x
Sun, 23 Oct 2022US$2.4tUS$460.8bUS$105.2b14.1x23.1x5.3x
Tue, 20 Sep 2022US$2.6tUS$461.4bUS$105.4b15.5x24.2x5.5x
Thu, 18 Aug 2022US$2.9tUS$461.1bUS$105.3b15.9x27.4x6.3x
Sat, 16 Jul 2022US$2.5tUS$459.6bUS$108.1b14.9x22.9x5.4x
Mon, 13 Jun 2022US$2.3tUS$459.6bUS$108.1b15.5x21.2x5x
Wed, 11 May 2022US$2.6tUS$459.0bUS$108.0b15.3x23.9x5.6x
Price to Earnings Ratio

23.9x


Total Market Cap: US$2.6tTotal Earnings: US$108.0bTotal Revenue: US$459.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 29.4x202320242025
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 29.4x.
  • The industry is trading close to its 3-year average PS ratio of 6.4x.
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 2.8% 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 Market2.98%
Tech4.16%
Tech Hardware-1.73%
Tech Hardware Storage and Peripherals-1.73%
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
STX Seagate Technology HoldingsUS$93.0712.5%
+US$2.2b		6.4%PE13.2x
WDC Western DigitalUS$44.699.6%
+US$1.4b		-37.0%PE14.7x
HPE Hewlett Packard EnterpriseUS$16.863.8%
+US$814.4m		0%PE8x
NTAP NetAppUS$92.334.4%
+US$789.2m		-11.8%PE16.5x
PSTG Pure StorageUS$47.844.7%
+US$697.7m		-8.4%PE146.1x
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