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U.S. Tech Hardware Industry Analysis

UpdatedAug 11, 2024
DataAggregated Company Financials
Companies46
  • 7D-1.7%
  • 3M14.7%
  • 1Y22.1%
  • YTD16.9%

Over the last 7 days, the Tech Hardware industry has dropped 1.7%, driven by a pullback from Apple of 1.6%. This takes the industry's 12 month performance to a gain of 22%. As for the next few years, earnings are expected to grow by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Aug 2024US$3.4tUS$465.1bUS$106.7b22.8x31.9x7.3x
Tue, 09 Jul 2024US$3.6tUS$457.1bUS$103.3b27.2x35.1x7.9x
Thu, 06 Jun 2024US$3.1tUS$456.9bUS$103.3b28.7x30.3x6.8x
Sat, 04 May 2024US$2.9tUS$456.7bUS$103.3b25.5x28.5x6.5x
Mon, 01 Apr 2024US$2.8tUS$457.8bUS$102.9b24.6x27.3x6.1x
Wed, 28 Feb 2024US$2.9tUS$458.8bUS$102.5b27.9x28.6x6.4x
Fri, 26 Jan 2024US$3.1tUS$454.6bUS$98.4b28.8x31.7x6.9x
Sun, 24 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.6x6.8x
Tue, 21 Nov 2023US$3.0tUS$456.1bUS$98.1b22x31x6.7x
Thu, 19 Oct 2023US$2.8tUS$453.8bUS$95.1b23.6x29.9x6.3x
Sat, 16 Sep 2023US$2.8tUS$453.9bUS$95.1b22.4x29.6x6.2x
Mon, 14 Aug 2023US$2.9tUS$454.0bUS$95.2b25.8x30.2x6.3x
Wed, 12 Jul 2023US$3.1tUS$456.4bUS$95.7b31.4x31.9x6.7x
Fri, 09 Jun 2023US$2.9tUS$456.4bUS$95.7b30.1x30.6x6.4x
Sun, 07 May 2023US$2.8tUS$458.1bUS$96.3b21.4x29.1x6.1x
Tue, 04 Apr 2023US$2.7tUS$460.6bUS$97.1b25.9x27.8x5.9x
Thu, 02 Mar 2023US$2.4tUS$459.9bUS$97.2b24.2x24.4x5.2x
Sat, 28 Jan 2023US$2.4tUS$468.0bUS$102.8b23.5x23.2x5.1x
Mon, 26 Dec 2022US$2.2tUS$467.8bUS$102.0b22.1x21.2x4.6x
Wed, 23 Nov 2022US$2.5tUS$467.0bUS$104.4b17.9x23.6x5.3x
Fri, 21 Oct 2022US$2.4tUS$460.8bUS$105.2b14x22.5x5.1x
Sun, 18 Sep 2022US$2.5tUS$461.4bUS$105.4b15.7x23.6x5.4x
Tue, 16 Aug 2022US$2.8tUS$461.1bUS$105.3b13.5x27x6.2x
Thu, 14 Jul 2022US$2.4tUS$459.6bUS$108.1b14.6x22.4x5.3x
Sat, 11 Jun 2022US$2.3tUS$459.6bUS$108.1b15.5x21.2x5x
Mon, 09 May 2022US$2.6tUS$459.1bUS$108.1b15.4x24.3x5.7x
Wed, 06 Apr 2022US$2.9tUS$450.9bUS$106.9b14.6x27.5x6.5x
Fri, 04 Mar 2022US$2.8tUS$450.6bUS$107.0b14.4x26.1x6.2x
Sun, 30 Jan 2022US$2.9tUS$553.7bUS$112.7b10.4x25.9x5.3x
Tue, 28 Dec 2021US$3.1tUS$552.8bUS$109.2b13x28.7x5.7x
Thu, 25 Nov 2021US$2.8tUS$547.5bUS$103.7b13.9x27.4x5.2x
Sat, 23 Oct 2021US$2.7tUS$526.6bUS$93.7b17.7x28.7x5.1x
Mon, 20 Sep 2021US$2.7tUS$526.6bUS$93.8b20.4x28.5x5.1x
Wed, 18 Aug 2021US$2.6tUS$526.7bUS$93.7b19.7x27.9x5x
Price to Earnings Ratio

27.9x


Total Market Cap: US$2.6tTotal Earnings: US$93.7bTotal Revenue: US$526.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 27.4x202220232024
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 31.9x which is higher than its 3-year average PE of 27.4x.
  • The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.1% 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 Market0.16%
Tech0.092%
Tech Hardware-1.75%
Tech Hardware Storage and Peripherals-1.75%
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
WDC Western DigitalUS$59.684.3%
+US$800.0m		42.5%PS1.5x
PSTG Pure StorageUS$56.684.4%
+US$777.3m		57.4%PE196.7x
NTAP NetAppUS$122.492.9%
+US$708.0m		59.6%PE25.6x
STX Seagate Technology HoldingsUS$96.281.8%
+US$359.4m		44.0%PE60.4x
CMPO CompoSecureUS$10.3833.8%
+US$88.8m		52.9%PE11.1x
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