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U.S. Tech Sector Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies987
  • 7D-0.4%
  • 3M3.6%
  • 1Y28.5%
  • YTD23.8%

Over the last 7 days, the Tech industry has dropped 1.4%, driven by NVIDIA declining 5.2%. In the past year, the industry has gained 28%. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026US$22.3tUS$3.1tUS$687.2b34.3x32.4x7.3x
Mon, 10 Aug 2026US$22.5tUS$3.0tUS$645.4b35.1x34.9x7.6x
Wed, 08 Jul 2026US$26.7tUS$2.9tUS$645.1b33.7x41.4x9.3x
Fri, 05 Jun 2026US$23.6tUS$2.8tUS$617.2b36.2x38.2x8.3x
Sun, 03 May 2026US$24.5tUS$2.8tUS$572.3b33.2x42.8x8.9x
Tue, 31 Mar 2026US$19.8tUS$2.7tUS$555.2b28.7x35.6x7.3x
Thu, 26 Feb 2026US$21.9tUS$2.6tUS$519.4b30.9x42.1x8.3x
Sat, 24 Jan 2026US$22.1tUS$2.6tUS$500.5b31.1x44.2x8.6x
Mon, 22 Dec 2025US$22.5tUS$2.6tUS$506.9b30.9x44.4x8.7x
Wed, 19 Nov 2025US$22.2tUS$2.5tUS$479.4b28.9x46.3x8.7x
Fri, 17 Oct 2025US$22.6tUS$2.5tUS$439.1b31.6x51.5x9x
Sun, 14 Sep 2025US$21.6tUS$2.5tUS$435.4b29.9x49.7x8.8x
Tue, 12 Aug 2025US$21.1tUS$2.4tUS$420.0b28.2x50.4x8.7x
Thu, 10 Jul 2025US$20.0tUS$2.4tUS$393.1b29.6x50.8x8.4x
Sat, 07 Jun 2025US$18.4tUS$2.4tUS$391.8b27.9x46.9x7.7x
Mon, 05 May 2025US$16.7tUS$2.3tUS$386.4b26.4x43.2x7.1x
Wed, 02 Apr 2025US$15.9tUS$2.3tUS$386.8b26.8x41.1x6.8x
Fri, 28 Feb 2025US$18.0tUS$2.3tUS$378.7b29.5x47.5x7.7x
Sun, 26 Jan 2025US$18.7tUS$2.3tUS$365.6b33.9x51.3x8.3x
Tue, 24 Dec 2024US$18.6tUS$2.3tUS$366.9b32.1x50.6x8.2x
Thu, 21 Nov 2024US$18.0tUS$2.2tUS$350.9b32.9x51.3x8.1x
Sat, 19 Oct 2024US$17.7tUS$2.2tUS$378.1b30.3x46.8x8.2x
Mon, 16 Sep 2024US$16.8tUS$2.2tUS$375.4b28.3x44.7x7.8x
Wed, 14 Aug 2024US$15.8tUS$2.1tUS$369.8b27.5x42.8x7.4x
Fri, 12 Jul 2024US$17.9tUS$2.1tUS$363.2b30.6x49.2x8.4x
Sun, 09 Jun 2024US$15.6tUS$2.1tUS$351.2b29.6x44.5x7.6x
Tue, 07 May 2024US$14.6tUS$2.0tUS$336.2b28.5x43.3x7.1x
Thu, 04 Apr 2024US$14.6tUS$2.0tUS$328.6b28.3x44.6x7.2x
Sat, 02 Mar 2024US$14.6tUS$2.0tUS$327.3b28.2x44.6x7.1x
Mon, 29 Jan 2024US$14.1tUS$2.0tUS$295.9b27x47.5x6.9x
Wed, 27 Dec 2023US$13.4tUS$2.1tUS$292.5b26.5x45.8x6.5x
Fri, 24 Nov 2023US$12.7tUS$2.0tUS$290.1b24.9x43.7x6.2x
Sun, 22 Oct 2023US$11.4tUS$2.0tUS$269.7b23.5x42.2x5.6x
Tue, 19 Sep 2023US$11.8tUS$2.0tUS$272.9b23.9x43.3x5.8x
Price to Earnings Ratio

43.3x


Total Market Cap: US$11.8tTotal Earnings: US$272.9bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.6x202420252026
Current Industry PE
  • Investors are pessimistic on the American Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.5x which is lower than its 3-year average PE of 44.6x.
  • The industry is trading close to its 3-year average PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech sector?

US Market-0.97%
Tech-0.41%
Electronic Equipment and Components3.17%
Tech Hardware3.03%
Communications2.81%
IT-0.98%
Semiconductors-1.37%
Software-2.13%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 37.1x.
    • Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 14.4% per year.
  • Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 53.1x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AAPL AppleUS$332.273.8%
+US$179.5b		42.0%PE37.6x
AMD Advanced Micro DevicesUS$516.138.1%
+US$62.9b		225.5%PE130.2x
INTC IntelUS$102.947.5%
+US$37.5b		327.5%PS9.5x
AVGO BroadcomUS$361.991.1%
+US$25.3b		0.6%PE45.2x
DELL Dell TechnologiesUS$567.298.2%
+US$22.0b		353.7%PE31.7x

Latest News

AAPL
US$332.27
Apple
7D
3.8%
1Y
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ORCL
US$150.28
Oracle
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1Y
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AMD
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1Y
225.5%
DELL
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Dell Technologies
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1Y
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HPE
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Hewlett Packard Enterprise
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1Y
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NVDA
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NVIDIA
7D
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1Y
22.8%
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