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U.S. Tech Sector Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies938
  • 7D3.9%
  • 3M16.1%
  • 1Y31.1%
  • YTD19.1%

In the last week, the Tech industry is up 3.2%, with NVIDIA up 5.7%. This takes the industry's 12 month performance to a gain of 30%. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025US$21.8tUS$2.5tUS$435.6b29.7x49.9x8.8x
Thu, 14 Aug 2025US$21.3tUS$2.4tUS$420.1b29.6x50.8x8.8x
Sat, 12 Jul 2025US$20.2tUS$2.4tUS$393.2b29.4x51.4x8.5x
Mon, 09 Jun 2025US$18.6tUS$2.4tUS$391.8b27.9x47.4x7.8x
Wed, 07 May 2025US$16.6tUS$2.3tUS$385.5b25.8x43x7.1x
Fri, 04 Apr 2025US$15.6tUS$2.3tUS$386.8b25.6x40.4x6.7x
Sun, 02 Mar 2025US$17.6tUS$2.3tUS$378.4b29.7x46.5x7.6x
Tue, 28 Jan 2025US$18.1tUS$2.3tUS$365.6b34x49.5x8x
Thu, 26 Dec 2024US$19.0tUS$2.3tUS$366.9b32.5x51.7x8.4x
Sat, 23 Nov 2024US$18.1tUS$2.3tUS$361.1b32.9x50.2x8.1x
Mon, 21 Oct 2024US$17.8tUS$2.2tUS$378.2b30.3x47x8.2x
Wed, 18 Sep 2024US$16.6tUS$2.2tUS$375.5b28.4x44.3x7.7x
Fri, 16 Aug 2024US$16.3tUS$2.1tUS$367.8b28.6x44.4x7.6x
Sun, 14 Jul 2024US$17.6tUS$2.1tUS$363.1b30.6x48.4x8.3x
Tue, 11 Jun 2024US$15.7tUS$2.1tUS$351.2b29.5x44.7x7.6x
Thu, 09 May 2024US$14.5tUS$2.0tUS$336.6b29.8x43x7.1x
Sat, 06 Apr 2024US$14.5tUS$2.0tUS$328.6b28.3x44x7.1x
Mon, 04 Mar 2024US$14.8tUS$2.0tUS$327.4b28.2x45.3x7.3x
Wed, 31 Jan 2024US$14.2tUS$2.1tUS$296.1b26.6x48.1x6.9x
Fri, 29 Dec 2023US$13.5tUS$2.1tUS$292.5b26.4x46x6.6x
Sun, 26 Nov 2023US$12.7tUS$2.0tUS$290.1b25x43.8x6.2x
Tue, 24 Oct 2023US$11.4tUS$2.0tUS$269.7b23.6x42.3x5.6x
Thu, 21 Sep 2023US$11.6tUS$2.0tUS$272.9b24x42.5x5.7x
Sat, 19 Aug 2023US$11.4tUS$2.0tUS$264.3b24.5x43.2x5.6x
Mon, 17 Jul 2023US$12.2tUS$2.0tUS$257.8b25x47.5x6x
Wed, 14 Jun 2023US$11.8tUS$2.0tUS$264.2b24.9x44.6x5.8x
Fri, 12 May 2023US$10.4tUS$2.0tUS$261.4b23x39.7x5.1x
Sun, 09 Apr 2023US$10.2tUS$2.0tUS$274.9b22.5x37.2x5x
Tue, 07 Mar 2023US$11.0tUS$2.3tUS$298.5b23x37x4.9x
Thu, 02 Feb 2023US$11.0tUS$2.3tUS$319.8b24.8x34.3x4.9x
Sat, 31 Dec 2022US$9.8tUS$2.2tUS$327.4b21.8x29.8x4.3x
Mon, 28 Nov 2022US$10.4tUS$2.2tUS$332.6b22x31.3x4.6x
Wed, 26 Oct 2022US$10.2tUS$2.2tUS$341.3b19.8x29.8x4.6x
Fri, 23 Sep 2022US$10.0tUS$2.2tUS$346.7b19.9x28.8x4.6x
Price to Earnings Ratio

28.8x


Total Market Cap: US$10.0tTotal Earnings: US$346.7bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 43x202320242025
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 49.7x which is higher than its 3-year average PE of 43.0x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 7.9% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market1.88%
Tech3.85%
Semiconductors5.07%
Software4.31%
Electronic Equipment and Components3.67%
Communications2.39%
Tech Hardware1.48%
IT0.68%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 48.1x.
    • Analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings decline of 3.1% per year.
  • Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 3.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.4% 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$302.1426.7%
+US$188.7b		77.4%PE69x
NVDA NVIDIAUS$177.754.1%
+US$169.9b		53.8%PE49.9x
AVGO BroadcomUS$364.098.1%
+US$135.8b		124.1%PE91.4x
MSFT MicrosoftUS$515.363.4%
+US$126.0b		18.4%PE37.6x
PLTR Palantir TechnologiesUS$171.219.7%
+US$35.8b		371.5%PE532.1x

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