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U.S. Tech Sector Analysis

UpdatedJun 15, 2025
DataAggregated Company Financials
Companies936
  • 7D-0.1%
  • 3M11.5%
  • 1Y8.6%
  • YTD1.5%

Last week, the Tech industry hasn't moved much but Oracle is up 24% in that time. As for the the longer term, the industry is up 8.6% over the past 12 months. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Jun 2025US$18.5tUS$2.4tUS$391.0b27.6x47.4x7.8x
Tue, 13 May 2025US$17.0tUS$2.4tUS$383.9b27x44.3x7.2x
Thu, 10 Apr 2025US$13.8tUS$2.3tUS$386.8b25.2x35.8x5.9x
Sat, 08 Mar 2025US$16.7tUS$2.3tUS$383.9b28.2x43.5x7.2x
Mon, 03 Feb 2025US$18.0tUS$2.3tUS$370.9b33.3x48.5x7.9x
Wed, 01 Jan 2025US$18.5tUS$2.3tUS$366.8b31.9x50.4x8.2x
Fri, 29 Nov 2024US$18.0tUS$2.2tUS$361.3b33x49.8x8x
Sun, 27 Oct 2024US$17.8tUS$2.2tUS$378.1b30.3x47x8x
Tue, 24 Sep 2024US$17.0tUS$2.2tUS$375.4b28.8x45.2x7.8x
Thu, 22 Aug 2024US$17.0tUS$2.1tUS$368.0b29.6x46.2x7.9x
Sat, 20 Jul 2024US$16.9tUS$2.1tUS$363.1b30.7x46.6x8x
Mon, 17 Jun 2024US$17.0tUS$2.1tUS$360.7b29.1x47.1x8x
Wed, 15 May 2024US$14.6tUS$2.0tUS$337.3b30.3x43.2x7.2x
Fri, 12 Apr 2024US$14.5tUS$2.0tUS$328.6b28.6x44x7.1x
Sun, 10 Mar 2024US$14.7tUS$2.0tUS$325.0b28.2x45.1x7.2x
Tue, 06 Feb 2024US$14.0tUS$2.0tUS$306.5b25.5x45.7x6.9x
Thu, 04 Jan 2024US$12.9tUS$2.1tUS$292.6b25.6x44.1x6.3x
Sat, 02 Dec 2023US$12.8tUS$2.1tUS$292.4b25.5x43.6x6.2x
Mon, 30 Oct 2023US$11.2tUS$2.0tUS$278.4b22.3x40.1x5.5x
Wed, 27 Sep 2023US$11.3tUS$2.0tUS$273.1b23.8x41.4x5.5x
Fri, 25 Aug 2023US$11.6tUS$2.0tUS$270.5b24.8x43x5.7x
Sun, 23 Jul 2023US$12.2tUS$2.0tUS$258.1b25.5x47.3x6x
Tue, 20 Jun 2023US$11.9tUS$2.0tUS$264.4b24.9x45.2x5.9x
Thu, 18 May 2023US$10.6tUS$2.0tUS$262.0b23.5x40.4x5.2x
Sat, 15 Apr 2023US$10.2tUS$2.0tUS$274.9b22.6x37.2x5x
Mon, 13 Mar 2023US$10.6tUS$2.3tUS$298.6b21.7x35.7x4.7x
Wed, 08 Feb 2023US$11.2tUS$2.2tUS$313.8b24.8x35.8x5x
Fri, 06 Jan 2023US$9.5tUS$2.2tUS$327.4b21.6x29x4.2x
Sun, 04 Dec 2022US$10.6tUS$2.2tUS$329.3b23.3x32.1x4.7x
Tue, 01 Nov 2022US$10.1tUS$2.2tUS$331.4b20.6x30.4x4.5x
Thu, 29 Sep 2022US$9.9tUS$2.2tUS$347.3b19.3x28.6x4.5x
Sat, 27 Aug 2022US$11.2tUS$2.2tUS$346.3b22.5x32.2x5.1x
Mon, 25 Jul 2022US$11.0tUS$2.2tUS$360.2b23.1x30.5x5.1x
Wed, 22 Jun 2022US$10.2tUS$2.1tUS$358.6b22.8x28.4x4.8x
Price to Earnings Ratio

28.4x


Total Market Cap: US$10.2tTotal Earnings: US$358.6bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 41.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 47.4x which is higher than its 3-year average PE of 41.4x.
  • The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-0.55%
Tech-0.11%
Software1.13%
Semiconductors0.81%
IT-1.23%
Electronic Equipment and Components-1.32%
Communications-3.30%
Tech Hardware-3.58%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 67.7x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 3.3% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 29.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 0.7% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.3% 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
ORCL OracleUS$215.2223.7%
+US$115.5b		55.8%PE48.5x
MSFT MicrosoftUS$474.961.0%
+US$34.0b		7.3%PE36.5x
PLTR Palantir TechnologiesUS$137.407.6%
+US$22.8b		482.9%PE568.2x
AVGO BroadcomUS$248.700.7%
+US$8.7b		43.3%PE88.3x
QCOM QUALCOMMUS$154.723.7%
+US$8.2b		-28.1%PE15.5x
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ORCL

US$215.22

Oracle

7D

23.7%

1Y

55.8%

AVGO

US$248.70

Broadcom

7D

0.7%

1Y

43.3%

ADBE

US$391.68

Adobe

7D

-6.1%

1Y

-25.4%

AAPL

US$196.45

Apple

7D

-3.7%

1Y

-7.5%

CSCO

US$64.09

Cisco Systems

7D

-3.0%

1Y

40.3%

SHOP

US$105.34

Shopify

7D

-5.4%

1Y

55.7%

MU

US$115.60

Micron Technology

7D

6.5%

1Y

-18.2%

MSFT

US$474.96

Microsoft

7D

1.0%

1Y

7.3%

CRM

US$258.40

Salesforce

7D

-5.9%

1Y

11.4%

PLTR

US$137.40

Palantir Technologies

7D

7.6%

1Y

482.9%

IBM

US$277.22

International Business Machines

7D

3.1%

1Y

63.8%

APP

US$364.49

AppLovin

7D

-12.8%

1Y

370.2%

NOW

US$988.66

ServiceNow

7D

-4.0%

1Y

35.7%

QCOM

US$154.72

QUALCOMM

7D

3.7%

1Y

-28.1%

ANET

US$92.35

Arista Networks

7D

-5.0%

1Y

12.5%

KLAC

US$867.67

KLA

7D

7.4%

1Y

5.2%

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