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U.S. Tech Hardware Industry Analysis

UpdatedMay 31, 2024
DataAggregated Company Financials
Companies47
  • 7D0.6%
  • 3M6.4%
  • 1Y8.0%
  • YTD4.9%

The Tech Hardware industry has been flat over the last week, but Super Micro Computer has lost 6.3%. The past year has been better, since the industry has gained 8.0% in that time. Earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 May 2024US$3.1tUS$456.8bUS$103.3b28.4x29.8x6.8x
Sun, 28 Apr 2024US$2.8tUS$458.2bUS$103.4b24.1x26.7x6x
Tue, 26 Mar 2024US$2.8tUS$457.8bUS$102.9b26.1x27.3x6.1x
Thu, 22 Feb 2024US$2.9tUS$458.7bUS$102.6b27.9x28.6x6.4x
Sat, 20 Jan 2024US$3.1tUS$454.7bUS$98.6b28.3x31.1x6.7x
Mon, 18 Dec 2023US$3.2tUS$455.3bUS$98.5b27.4x32.2x7x
Wed, 15 Nov 2023US$3.0tUS$456.1bUS$98.2b19.5x30.2x6.5x
Fri, 13 Oct 2023US$2.9tUS$453.8bUS$95.1b24.2x30.5x6.4x
Sun, 10 Sep 2023US$2.9tUS$453.9bUS$95.1b23.2x30.3x6.3x
Tue, 08 Aug 2023US$2.9tUS$453.5bUS$95.2b32.4x30.4x6.4x
Thu, 06 Jul 2023US$3.1tUS$456.4bUS$95.7b31.9x32.4x6.8x
Sat, 03 Jun 2023US$2.9tUS$456.4bUS$95.7b30.2x30.6x6.4x
Mon, 01 May 2023US$2.8tUS$460.6bUS$97.2b21.7x28.3x6x
Wed, 29 Mar 2023US$2.6tUS$460.6bUS$97.0b23.4x26.4x5.6x
Fri, 24 Feb 2023US$2.4tUS$460.0bUS$97.2b24.8x25.1x5.3x
Sun, 22 Jan 2023US$2.3tUS$467.8bUS$102.0b22.7x22.1x4.8x
Tue, 20 Dec 2022US$2.2tUS$467.8bUS$102.0b22x21.3x4.6x
Thu, 17 Nov 2022US$2.4tUS$467.1bUS$104.5b16.6x23.4x5.2x
Sat, 15 Oct 2022US$2.3tUS$460.8bUS$105.2b14.3x21.7x5x
Mon, 12 Sep 2022US$2.6tUS$461.5bUS$105.4b16.6x24.7x5.6x
Wed, 10 Aug 2022US$2.7tUS$460.5bUS$105.2b15.1x25.9x5.9x
Fri, 08 Jul 2022US$2.4tUS$459.6bUS$108.1b14.7x22.6x5.3x
Sun, 05 Jun 2022US$2.4tUS$459.6bUS$108.1b16.2x22.5x5.3x
Tue, 03 May 2022US$2.6tUS$458.8bUS$108.1b15.5x24.4x5.7x
Thu, 31 Mar 2022US$3.0tUS$450.7bUS$107.0b16.3x27.9x6.6x
Sat, 26 Feb 2022US$2.8tUS$555.4bUS$113.4b10.8x24.5x5x
Mon, 24 Jan 2022US$2.8tUS$552.8bUS$109.2b12.1x25.8x5.1x
Wed, 22 Dec 2021US$3.0tUS$552.8bUS$109.2b12.3x27.6x5.4x
Fri, 19 Nov 2021US$2.8tUS$547.5bUS$103.7b14.5x26.7x5.1x
Sun, 17 Oct 2021US$2.6tUS$526.6bUS$93.7b17.6x27.9x5x
Tue, 14 Sep 2021US$2.7tUS$526.9bUS$93.7b17.7x28.7x5.1x
Thu, 12 Aug 2021US$2.7tUS$526.7bUS$93.7b20.5x28.3x5x
Mon, 07 Jun 2021US$2.2tUS$489.2bUS$81.0b23.6x27.8x4.6x
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 6.8x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.5% 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 Market-1.23%
Tech-1.59%
Tech Hardware0.59%
Tech Hardware Storage and Peripherals0.59%
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$191.290.7%
+US$20.1b		5.7%PE29.2x
DELL Dell TechnologiesUS$169.926.1%
+US$6.9b		259.5%PE37.6x
HPQ HPUS$38.3617.1%
+US$5.5b		25.6%PE12.6x
PSTG Pure StorageUS$63.253.6%
+US$715.2m		84.7%PE219.4x
NTAP NetAppUS$116.500.7%
+US$171.3m		64.1%PE25.6x
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US$63.25

Pure Storage

7D

3.6%

1Y

84.7%

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IVAC

US$3.83

Intevac

7D

-2.8%

1Y

-17.5%

HPQ

US$38.36

HP

7D

17.1%

1Y

25.6%

SMCI

US$827.94

Super Micro Computer

7D

-6.3%

1Y

273.0%

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DELL

US$169.92

Dell Technologies

7D

6.1%

1Y

259.5%

AAPL

US$191.29

Apple

7D

0.7%

1Y

5.7%

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WDC

US$75.51

Western Digital

7D

0.9%

1Y

87.6%

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May 28

HPE

US$18.52

Hewlett Packard Enterprise

7D

0.6%

1Y

21.5%

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May 27

XRX

US$13.81

Xerox Holdings

7D

-0.4%

1Y

-6.6%

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May 26
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IONQ

US$8.40

IonQ

7D

-0.4%

1Y

-8.9%

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May 23

DBD

US$43.95

Diebold Nixdorf

7D

-1.5%

1Y

n/a

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May 23
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NTAP

US$116.50

NetApp

7D

0.7%

1Y

64.1%

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May 21
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STX

US$93.71

Seagate Technology Holdings

7D

-0.5%

1Y

50.6%

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May 21
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MOVE

US$0.37

Movano

7D

-17.3%

1Y

-64.1%

OSS

US$2.22

One Stop Systems

7D

-8.3%

1Y

-24.7%

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May 11
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CRSR

US$11.58

Corsair Gaming

7D

2.5%

1Y

-41.8%