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U.S. Tech Hardware Industry Analysis
UpdatedSep 14, 2024
DataAggregated Company Financials
Companies45
- 7D0.9%
- 3M3.3%
- 1Y27.3%
- YTD20.0%
The Tech Hardware industry has stayed flat over the last week. The past year has been better, since the industry has gained 27% in that time. Looking forward, earnings are forecast to grow by 8.2% annually.
Industry Valuation and Performance
Has the U.S. Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 15 Sep 2024 | US$3.5t | US$466.0b | US$106.7b | 22.2x | 32.8x | 7.5x |
| Tue, 13 Aug 2024 | US$3.4t | US$465.1b | US$106.7b | 23.5x | 31.9x | 7.3x |
| Thu, 11 Jul 2024 | US$3.7t | US$457.1b | US$103.3b | 28.1x | 35.5x | 8x |
| Sat, 08 Jun 2024 | US$3.1t | US$457.1b | US$103.2b | 25.8x | 30.4x | 6.9x |
| Mon, 06 May 2024 | US$3.0t | US$456.7b | US$103.3b | 25.5x | 28.6x | 6.5x |
| Wed, 03 Apr 2024 | US$2.8t | US$457.8b | US$102.9b | 24.4x | 27.1x | 6.1x |
| Fri, 01 Mar 2024 | US$2.9t | US$458.7b | US$102.4b | 27.7x | 28.5x | 6.4x |
| Sun, 28 Jan 2024 | US$3.1t | US$454.4b | US$98.6b | 30.7x | 31.3x | 6.8x |
| Tue, 26 Dec 2023 | US$3.1t | US$455.3b | US$98.5b | 26.6x | 31.6x | 6.8x |
| Thu, 23 Nov 2023 | US$3.1t | US$456.1b | US$98.1b | 22.1x | 31.3x | 6.7x |
| Sat, 21 Oct 2023 | US$2.8t | US$453.8b | US$95.1b | 20.5x | 29.3x | 6.1x |
| Mon, 18 Sep 2023 | US$2.8t | US$453.9b | US$95.1b | 20.6x | 29.7x | 6.2x |
| Wed, 16 Aug 2023 | US$2.9t | US$454.0b | US$95.2b | 25.5x | 30.1x | 6.3x |
| Fri, 14 Jul 2023 | US$3.1t | US$456.4b | US$95.7b | 31.8x | 32.3x | 6.8x |
| Sun, 11 Jun 2023 | US$2.9t | US$456.4b | US$95.7b | 30.2x | 30.7x | 6.4x |
| Tue, 09 May 2023 | US$2.8t | US$458.1b | US$96.3b | 21.5x | 29.1x | 6.1x |
| Thu, 06 Apr 2023 | US$2.7t | US$460.6b | US$97.1b | 24.1x | 27.4x | 5.8x |
| Sat, 04 Mar 2023 | US$2.5t | US$460.8b | US$97.2b | 25.1x | 25.3x | 5.3x |
| Mon, 30 Jan 2023 | US$2.4t | US$468.0b | US$102.8b | 23.5x | 23.2x | 5.1x |
| Wed, 28 Dec 2022 | US$2.1t | US$467.8b | US$102.0b | 22.1x | 20.9x | 4.6x |
| Fri, 25 Nov 2022 | US$2.5t | US$467.0b | US$104.4b | 18x | 23.7x | 5.3x |
| Sun, 23 Oct 2022 | US$2.4t | US$460.8b | US$105.2b | 14.1x | 23.1x | 5.3x |
| Tue, 20 Sep 2022 | US$2.6t | US$461.4b | US$105.4b | 15.5x | 24.2x | 5.5x |
| Thu, 18 Aug 2022 | US$2.9t | US$461.1b | US$105.3b | 15.9x | 27.4x | 6.3x |
| Sat, 16 Jul 2022 | US$2.5t | US$459.6b | US$108.1b | 14.9x | 22.9x | 5.4x |
| Mon, 13 Jun 2022 | US$2.3t | US$459.6b | US$108.1b | 15.5x | 21.2x | 5x |
| Wed, 11 May 2022 | US$2.6t | US$459.0b | US$108.0b | 15.3x | 23.9x | 5.6x |
| Fri, 08 Apr 2022 | US$2.9t | US$450.9b | US$106.9b | 14.6x | 27x | 6.4x |
| Sun, 06 Mar 2022 | US$2.7t | US$450.9b | US$107.2b | 14.3x | 25.6x | 6.1x |
| Tue, 01 Feb 2022 | US$3.0t | US$554.6b | US$113.2b | 11.1x | 26.4x | 5.4x |
| Thu, 30 Dec 2021 | US$3.1t | US$552.8b | US$109.2b | 12.6x | 28.6x | 5.6x |
| Sat, 27 Nov 2021 | US$2.8t | US$552.5b | US$106.8b | 13.6x | 25.8x | 5x |
| Mon, 25 Oct 2021 | US$2.7t | US$527.4b | US$94.0b | 15.6x | 28.6x | 5.1x |
| Wed, 22 Sep 2021 | US$2.6t | US$526.6b | US$93.8b | 20.1x | 27.9x | 5x |
Price to Earnings Ratio
27.9x
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 32.8x which is higher than its 3-year average PE of 27.5x.
- The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 7.5x.
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 4.0% 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 | 4.18% | |
| Tech | 7.36% | |
| Tech Hardware | 0.94% | |
| Tech Hardware Storage and Peripherals | 0.94% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AAPL Apple | US$222.50 | 0.8% +US$25.5b | 27.1% | PE33.2x | |
| DELL Dell Technologies | US$114.30 | 12.1% +US$8.1b | 65.0% | PE20.2x | |
| SMCI Super Micro Computer | US$457.16 | 18.3% +US$4.1b | 83.4% | PE22.2x | |
| WDC Western Digital | US$65.02 | 7.0% +US$1.5b | 49.1% | PS1.7x | |
| PSTG Pure Storage | US$48.90 | 6.9% +US$1.2b | 34.9% | PE117.4x |
