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U.S. Tech Hardware Industry Analysis

UpdatedMay 07, 2025
DataAggregated Company Financials
Companies46
  • 7D-5.8%
  • 3M-14.9%
  • 1Y7.0%
  • YTD-18.6%

Over the last 7 days, the Tech Hardware industry has dropped 5.8%, driven by Apple declining 6.0%. Meanwhile, Seagate Technology Holdings actually outperformed within the industry, gaining 15% in the last week. Over the past 12 months, the industry was up 7.0%. As for the next few years, earnings are expected to grow by 9.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 May 2025US$3.1tUS$498.6bUS$102.2b12.6x30.1x6.2x
Sat, 05 Apr 2025US$3.1tUS$494.0bUS$101.2b12.3x31.1x6.4x
Mon, 03 Mar 2025US$3.8tUS$492.7bUS$100.5b17.8x37.4x7.6x
Wed, 29 Jan 2025US$3.6tUS$473.7bUS$97.2b22.4x36.9x7.6x
Fri, 27 Dec 2024US$4.0tUS$473.9bUS$97.2b25.7x41.5x8.5x
Sun, 24 Nov 2024US$3.6tUS$472.7bUS$96.5b21.8x37.3x7.6x
Tue, 22 Oct 2024US$3.7tUS$466.0bUS$106.8b19.9x34.7x7.9x
Thu, 19 Sep 2024US$3.4tUS$466.0bUS$106.7b18.6x32x7.3x
Sat, 17 Aug 2024US$3.6tUS$465.1bUS$106.8b24.1x33.3x7.6x
Mon, 15 Jul 2024US$3.7tUS$457.1bUS$103.3b27.2x35.8x8.1x
Wed, 12 Jun 2024US$3.1tUS$457.1bUS$103.2b26.2x30.2x6.8x
Fri, 10 May 2024US$2.9tUS$456.8bUS$103.2b28.2x28.5x6.4x
Sun, 07 Apr 2024US$2.8tUS$457.8bUS$102.9b24.5x27x6.1x
Tue, 05 Mar 2024US$2.9tUS$457.8bUS$102.6b26.8x27.9x6.2x
Thu, 01 Feb 2024US$3.0tUS$456.3bUS$98.7b29.4x30.6x6.6x
Sat, 30 Dec 2023US$3.1tUS$455.3bUS$98.5b26.2x31.6x6.8x
Mon, 27 Nov 2023US$3.0tUS$456.1bUS$98.1b21.8x31x6.7x
Wed, 25 Oct 2023US$2.8tUS$453.8bUS$95.1b21.1x29.3x6.1x
Fri, 22 Sep 2023US$2.8tUS$453.9bUS$95.1b20.2x29.5x6.2x
Sun, 20 Aug 2023US$2.8tUS$454.0bUS$95.2b25.1x29.6x6.2x
Tue, 18 Jul 2023US$3.1tUS$456.4bUS$95.7b32.3x32.3x6.8x
Thu, 15 Jun 2023US$3.0tUS$456.4bUS$95.7b30.7x31.2x6.5x
Sat, 13 May 2023US$2.8tUS$456.5bUS$95.7b24.9x29.1x6.1x
Mon, 10 Apr 2023US$2.7tUS$460.6bUS$97.1b24x27.6x5.8x
Wed, 08 Mar 2023US$2.5tUS$460.8bUS$97.2b25.2x25.4x5.4x
Fri, 03 Feb 2023US$2.5tUS$466.9bUS$102.0b24.2x24.2x5.3x
Sun, 01 Jan 2023US$2.1tUS$467.8bUS$102.0b22.1x20.9x4.6x
Tue, 29 Nov 2022US$2.4tUS$467.0bUS$104.4b17.5x22.7x5.1x
Thu, 27 Oct 2022US$2.5tUS$460.8bUS$104.7b14.4x24x5.5x
Sat, 24 Sep 2022US$2.5tUS$461.4bUS$105.4b14.5x23.5x5.4x
Mon, 22 Aug 2022US$2.8tUS$461.1bUS$105.4b16.6x26.9x6.1x
Wed, 20 Jul 2022US$2.5tUS$459.6bUS$108.1b14.9x23.1x5.4x
Fri, 17 Jun 2022US$2.2tUS$459.6bUS$108.1b14.8x20.1x4.7x
Sun, 15 May 2022US$2.5tUS$459.1bUS$108.0b15.2x22.8x5.4x
Price to Earnings Ratio

22.8x


Total Market Cap: US$2.5tTotal 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 Market0.85%
Tech2.30%
Tech Hardware-5.76%
Tech Hardware Storage and Peripherals-5.76%
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
DELL Dell TechnologiesUS$95.794.4%
+US$2.8b		-27.2%PE14.6x
STX Seagate Technology HoldingsUS$95.454.9%
+US$984.4m		6.0%PE13.6x
PSTG Pure StorageUS$47.645.0%
+US$743.3m		-10.9%PE145.5x
NTAP NetAppUS$93.023.6%
+US$665.2m		-15.0%PE16.6x
HPE Hewlett Packard EnterpriseUS$16.562.1%
+US$446.6m		-3.6%PE7.9x
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