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U.S. Tech Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies964
  • 7D-3.7%
  • 3M7.7%
  • 1Y24.3%
  • YTD21.6%

Over the last 7 days, the Tech industry has dropped 3.7%, driven by NVIDIA declining 6.2%. Meanwhile, Cisco Systems actually outperformed within the industry, gaining 7.9% in the last week. In the past year, the industry has gained 24%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$23.2tUS$2.5tUS$478.4b29.7x48.5x9.1x
Thu, 16 Oct 2025US$22.4tUS$2.5tUS$439.1b32.5x51.1x9x
Sat, 13 Sep 2025US$21.7tUS$2.5tUS$435.6b29.7x49.8x8.8x
Mon, 11 Aug 2025US$21.2tUS$2.4tUS$417.0b28x50.8x8.7x
Wed, 09 Jul 2025US$19.9tUS$2.4tUS$393.2b29.5x50.7x8.4x
Fri, 06 Jun 2025US$18.4tUS$2.4tUS$388.9b27.6x47.3x7.7x
Sun, 04 May 2025US$16.7tUS$2.3tUS$386.4b26.4x43.2x7.1x
Tue, 01 Apr 2025US$15.9tUS$2.3tUS$385.6b26.7x41.3x6.8x
Thu, 27 Feb 2025US$17.8tUS$2.3tUS$368.6b30.2x48.4x7.7x
Sat, 25 Jan 2025US$18.9tUS$2.3tUS$365.6b33.9x51.8x8.4x
Mon, 23 Dec 2024US$18.6tUS$2.3tUS$366.9b31.5x50.6x8.2x
Wed, 20 Nov 2024US$17.8tUS$2.2tUS$351.2b32x50.6x8x
Fri, 18 Oct 2024US$17.6tUS$2.2tUS$378.1b31x46.7x8.1x
Sun, 15 Sep 2024US$16.8tUS$2.2tUS$375.4b28.3x44.7x7.8x
Tue, 13 Aug 2024US$15.8tUS$2.1tUS$369.7b27.2x42.7x7.4x
Thu, 11 Jul 2024US$17.6tUS$2.1tUS$362.9b30x48.5x8.3x
Sat, 08 Jun 2024US$15.6tUS$2.1tUS$351.2b29.5x44.5x7.6x
Mon, 06 May 2024US$14.3tUS$2.0tUS$336.2b28.2x42.7x7x
Wed, 03 Apr 2024US$14.8tUS$2.0tUS$328.6b28.3x45x7.2x
Fri, 01 Mar 2024US$14.4tUS$2.0tUS$327.2b27.7x44.2x7.1x
Sun, 28 Jan 2024US$14.1tUS$2.0tUS$295.9b27x47.5x6.9x
Tue, 26 Dec 2023US$13.4tUS$2.1tUS$292.5b25.9x45.8x6.5x
Thu, 23 Nov 2023US$12.8tUS$2.0tUS$281.5b24.8x45.4x6.3x
Sat, 21 Oct 2023US$11.4tUS$2.0tUS$269.7b23.5x42.2x5.6x
Mon, 18 Sep 2023US$11.8tUS$2.0tUS$272.9b23.9x43.2x5.8x
Wed, 16 Aug 2023US$11.6tUS$2.0tUS$263.5b24.7x44.2x5.7x
Fri, 14 Jul 2023US$12.3tUS$2.0tUS$257.8b25.6x47.6x6.1x
Sun, 11 Jun 2023US$11.5tUS$2.0tUS$264.2b24.4x43.4x5.6x
Tue, 09 May 2023US$10.4tUS$2.0tUS$262.0b22.3x39.6x5.1x
Thu, 06 Apr 2023US$10.2tUS$2.0tUS$275.3b22.4x37x5x
Sat, 04 Mar 2023US$11.0tUS$2.3tUS$298.5b23.3x37x4.9x
Mon, 30 Jan 2023US$10.7tUS$2.2tUS$321.9b24.5x33.4x4.8x
Wed, 28 Dec 2022US$9.6tUS$2.2tUS$327.5b21.5x29.5x4.3x
Fri, 25 Nov 2022US$10.5tUS$2.2tUS$332.6b22.2x31.5x4.7x
Price to Earnings Ratio

31.5x


Total Market Cap: US$10.5tTotal Earnings: US$332.6bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.3x202320242025
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 48.5x which is higher than its 3-year average PE of 44.3x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market-2.74%
Tech-3.73%
Communications-0.43%
Tech Hardware-1.15%
Software-3.73%
Semiconductors-4.40%
Electronic Equipment and Components-7.61%
IT-7.75%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 50.6x.
    • Analysts are expecting annual earnings growth of 25.0%, which is higher than its past year's earnings growth of 3.3% 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 31.5x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 3.3% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.8% 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
CSCO Cisco SystemsUS$77.787.9%
+US$22.4b		35.7%PE29.7x
MSFT MicrosoftUS$507.490.3%
+US$11.1b		22.1%PE36x
CWAN Clearwater Analytics HoldingsUS$19.9719.7%
+US$945.1m		-33.4%PE14.7x
CLBT Cellebrite DIUS$18.1716.4%
+US$625.8m		4.0%PE58.2x
BILL BILL HoldingsUS$49.635.2%
+US$244.4m		-41.4%PE416.8x

Latest News

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NVDA
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NVIDIA
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