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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 Apple declining 1.9%. Meanwhile, Seagate Technology Holdings actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 10%. Looking forward, 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
Mon, 05 May 2025US$3.2tUS$498.6bUS$102.2b13.4x31.1x6.4x
Wed, 02 Apr 2025US$3.4tUS$494.0bUS$101.2b14.4x34x7x
Fri, 28 Feb 2025US$3.8tUS$492.7bUS$100.6b20.9x37.3x7.6x
Sun, 26 Jan 2025US$3.5tUS$473.9bUS$97.2b24.3x35.9x7.4x
Tue, 24 Dec 2024US$4.0tUS$473.9bUS$97.2b25.6x40.9x8.4x
Thu, 21 Nov 2024US$3.6tUS$472.6bUS$96.4b23.3x37x7.6x
Sat, 19 Oct 2024US$3.7tUS$466.0bUS$106.7b19.7x34.3x7.9x
Mon, 16 Sep 2024US$3.5tUS$466.0bUS$106.7b22.2x32.8x7.5x
Wed, 14 Aug 2024US$3.5tUS$465.1bUS$106.7b23.7x32.7x7.5x
Fri, 12 Jul 2024US$3.7tUS$457.1bUS$103.3b27.4x36.2x8.2x
Sun, 09 Jun 2024US$3.2tUS$457.1bUS$103.2b25.8x30.7x6.9x
Tue, 07 May 2024US$2.9tUS$456.7bUS$103.3b25.7x28.4x6.4x
Thu, 04 Apr 2024US$2.8tUS$457.8bUS$102.9b24.7x27x6.1x
Sat, 02 Mar 2024US$2.9tUS$457.8bUS$102.6b27.5x28.5x6.4x
Mon, 29 Jan 2024US$3.1tUS$454.4bUS$98.6b30.7x31.3x6.8x
Wed, 27 Dec 2023US$3.1tUS$455.3bUS$98.5b26.8x31.6x6.8x
Fri, 24 Nov 2023US$3.1tUS$456.1bUS$98.1b22.1x31.2x6.7x
Sun, 22 Oct 2023US$2.8tUS$453.8bUS$95.1b20.5x29.3x6.1x
Tue, 19 Sep 2023US$2.9tUS$453.9bUS$95.1b20.2x30.2x6.3x
Thu, 17 Aug 2023US$2.9tUS$454.0bUS$95.2b25.3x30x6.3x
Sat, 15 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Mon, 12 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.7x6.4x
Wed, 10 May 2023US$2.8tUS$456.5bUS$95.7b21.4x29x6.1x
Fri, 07 Apr 2023US$2.7tUS$460.6bUS$97.1b24x27.6x5.8x
Sun, 05 Mar 2023US$2.5tUS$460.8bUS$97.2b25.1x25.3x5.3x
Tue, 31 Jan 2023US$2.3tUS$468.0bUS$102.8b23.2x22.7x5x
Thu, 29 Dec 2022US$2.1tUS$467.8bUS$102.0b21.5x20.3x4.4x
Sat, 26 Nov 2022US$2.4tUS$467.0bUS$104.4b18x23.3x5.2x
Mon, 24 Oct 2022US$2.4tUS$460.8bUS$105.2b14.1x23.1x5.3x
Wed, 21 Sep 2022US$2.6tUS$461.4bUS$105.4b15.2x24.6x5.6x
Fri, 19 Aug 2022US$2.9tUS$461.1bUS$105.4b16.5x27.3x6.2x
Sun, 17 Jul 2022US$2.5tUS$459.6bUS$108.1b14.9x23.1x5.4x
Tue, 14 Jun 2022US$2.2tUS$459.6bUS$108.1b14.9x20.4x4.8x
Thu, 12 May 2022US$2.4tUS$459.1bUS$108.0b14.8x22.7x5.3x
Price to Earnings Ratio

22.7x


Total Market Cap: US$2.4tTotal Earnings: US$108.0bTotal Revenue: US$459.1bTotal 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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