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U.S. Tech Sector Analysis

UpdatedApr 30, 2025
DataAggregated Company Financials
Companies928
  • 7D8.9%
  • 3M-11.3%
  • 1Y13.1%
  • YTD-11.9%

In the last week, the Tech industry is up 8.9%, with NVIDIA up 10%. In the last 12 months, the industry was up 13%. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Apr 2025US$16.1tUS$2.3tUS$385.4b25.4x41.7x6.9x
Fri, 28 Mar 2025US$16.5tUS$2.3tUS$385.4b27.2x42.8x7.1x
Sun, 23 Feb 2025US$18.4tUS$2.3tUS$369.5b30.2x49.8x8x
Tue, 21 Jan 2025US$18.4tUS$2.3tUS$367.0b33.9x50x8.1x
Thu, 19 Dec 2024US$18.9tUS$2.3tUS$363.6b32.2x51.9x8.4x
Sat, 16 Nov 2024US$18.2tUS$2.2tUS$351.3b32.1x51.7x8.1x
Mon, 14 Oct 2024US$17.6tUS$2.2tUS$378.2b30.4x46.6x8.1x
Wed, 11 Sep 2024US$15.8tUS$2.2tUS$375.1b27.5x42.2x7.3x
Fri, 09 Aug 2024US$15.1tUS$2.1tUS$370.2b28.3x40.7x7x
Sun, 07 Jul 2024US$17.5tUS$2.1tUS$362.9b30.4x48.2x8.3x
Tue, 04 Jun 2024US$15.1tUS$2.1tUS$351.1b29.5x43x7.3x
Thu, 02 May 2024US$13.8tUS$2.0tUS$335.4b27.9x41.3x6.8x
Sat, 30 Mar 2024US$14.8tUS$2.0tUS$328.0b28.3x45x7.2x
Mon, 26 Feb 2024US$14.4tUS$2.0tUS$322.4b27.5x44.8x7.1x
Wed, 24 Jan 2024US$14.0tUS$2.0tUS$292.1b26.6x48.1x6.8x
Fri, 22 Dec 2023US$13.2tUS$2.1tUS$292.5b26.4x45.2x6.4x
Sun, 19 Nov 2023US$12.6tUS$2.0tUS$281.5b24.5x44.7x6.2x
Tue, 17 Oct 2023US$11.9tUS$2.0tUS$270.2b24.8x43.9x5.8x
Thu, 14 Sep 2023US$11.9tUS$2.0tUS$273.3b23.8x43.6x5.8x
Sat, 12 Aug 2023US$11.6tUS$2.0tUS$263.3b25.2x43.9x5.7x
Mon, 10 Jul 2023US$11.9tUS$2.0tUS$258.1b24.5x46x5.9x
Wed, 07 Jun 2023US$11.5tUS$2.0tUS$264.1b24.4x43.5x5.7x
Fri, 05 May 2023US$10.1tUS$2.0tUS$261.3b21.3x38.7x5x
Sun, 02 Apr 2023US$10.4tUS$2.0tUS$275.0b23.4x37.9x5.1x
Tue, 28 Feb 2023US$10.7tUS$2.3tUS$296.0b23.1x36.2x4.8x
Thu, 26 Jan 2023US$10.5tUS$2.3tUS$324.9b23.8x32.3x4.7x
Sat, 24 Dec 2022US$9.7tUS$2.2tUS$327.5b21.8x29.8x4.3x
Mon, 21 Nov 2022US$10.3tUS$2.2tUS$330.9b22.1x31.2x4.6x
Wed, 19 Oct 2022US$9.6tUS$2.2tUS$345.2b18.9x27.9x4.4x
Fri, 16 Sep 2022US$10.4tUS$2.2tUS$346.8b20.4x29.9x4.7x
Sun, 14 Aug 2022US$12.0tUS$2.2tUS$350.3b24x34.4x5.5x
Tue, 12 Jul 2022US$10.5tUS$2.2tUS$359.4b22.9x29.2x4.9x
Thu, 09 Jun 2022US$11.4tUS$2.1tUS$358.6b25.8x31.7x5.3x
Sat, 07 May 2022US$11.3tUS$2.1tUS$356.2b23.2x31.8x5.4x
Price to Earnings Ratio

31.8x


Total Market Cap: US$11.3tTotal Earnings: US$356.2bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 40.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 40.8x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 2.7% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market5.23%
Tech8.86%
Semiconductors10.28%
Software9.68%
Electronic Equipment and Components9.45%
Communications7.26%
IT7.02%
Tech Hardware5.90%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 67.2x.
    • Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings growth of 1.0% per year.
  • Investors are most pessimistic about the Electronic Equipment and Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 1.7% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.2% 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
NVDA NVIDIAUS$109.0210.2%
+US$247.2b
26.2%PE36.5x
MSFT MicrosoftUS$394.047.4%
+US$202.4b
1.2%PE31.6x
AAPL AppleUS$211.215.7%
+US$172.3b
24.0%PE33x
AVGO BroadcomUS$191.1712.7%
+US$101.5b
47.0%PE86.5x
PLTR Palantir TechnologiesUS$116.0823.5%
+US$51.8b
428.4%PE589x
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Latest News

APPF

US$203.72

AppFolio

7D

-7.5%

1Y

-10.2%

DGNX

US$90.21

Diginex

7D

-12.8%

1Y

n/a

IBM

US$239.39

International Business Machines

7D

-0.6%

1Y

44.0%

ORCL

US$140.79

Oracle

7D

10.6%

1Y

23.8%

NOW

US$942.86

ServiceNow

7D

23.0%

1Y

36.0%

CGTL

US$1.02

Creative Global Technology Holdings

7D

-83.2%

1Y

n/a

ASGN

US$50.86

ASGN

7D

-12.4%

1Y

-47.3%