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U.S. Tech Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies988
  • 7D-0.7%
  • 3M-5.3%
  • 1Y30.5%
  • YTD-5.7%

Over the last 7 days, the Tech industry has remained flat. The past year has been better, since the industry has gained 32% in that time. Looking forward, 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
Fri, 13 Mar 2026US$21.5tUS$2.7tUS$542.6b29.7x39.6x8x
Sun, 08 Feb 2026US$21.7tUS$2.6tUS$517.1b30.3x42.1x8.3x
Tue, 06 Jan 2026US$22.5tUS$2.6tUS$506.7b31.9x44.5x8.7x
Thu, 04 Dec 2025US$22.7tUS$2.6tUS$496.7b30.6x45.7x8.8x
Sat, 01 Nov 2025US$23.9tUS$2.5tUS$469.0b30.2x50.9x9.5x
Mon, 29 Sep 2025US$22.2tUS$2.5tUS$437.8b31.3x50.6x9x
Wed, 27 Aug 2025US$20.8tUS$2.4tUS$418.9b29x49.6x8.5x
Fri, 25 Jul 2025US$20.5tUS$2.4tUS$394.2b28.3x51.9x8.6x
Sun, 22 Jun 2025US$18.7tUS$2.4tUS$391.4b27.2x47.9x7.9x
Tue, 20 May 2025US$18.1tUS$2.4tUS$385.4b26.6x47.1x7.7x
Thu, 17 Apr 2025US$15.5tUS$2.3tUS$386.6b24.8x40.2x6.7x
Sat, 15 Mar 2025US$16.1tUS$2.3tUS$386.3b26.6x41.6x6.9x
Mon, 10 Feb 2025US$18.2tUS$2.3tUS$372.2b33.2x48.8x7.9x
Wed, 08 Jan 2025US$18.9tUS$2.3tUS$366.9b32.9x51.5x8.4x
Fri, 06 Dec 2024US$18.8tUS$2.2tUS$361.2b33.3x52.1x8.4x
Sun, 03 Nov 2024US$17.2tUS$2.2tUS$353.4b29.7x48.8x7.7x
Tue, 01 Oct 2024US$17.3tUS$2.2tUS$378.0b30.1x45.7x8x
Thu, 29 Aug 2024US$16.9tUS$2.1tUS$367.6b29x46.1x7.9x
Sat, 27 Jul 2024US$16.2tUS$2.1tUS$361.7b31.6x44.7x7.7x
Mon, 24 Jun 2024US$16.9tUS$2.1tUS$360.5b30.4x46.8x8x
Wed, 22 May 2024US$15.1tUS$2.0tUS$337.3b29.7x44.8x7.4x
Fri, 19 Apr 2024US$13.9tUS$2.0tUS$328.5b27.8x42.3x6.8x
Sun, 17 Mar 2024US$14.5tUS$2.0tUS$325.3b27.9x44.7x7.1x
Tue, 13 Feb 2024US$14.5tUS$2.0tUS$308.4b27.3x47x7.1x
Thu, 11 Jan 2024US$13.2tUS$2.0tUS$292.0b26.1x45.3x6.5x
Sat, 09 Dec 2023US$12.8tUS$2.1tUS$293.2b25x43.6x6.2x
Mon, 06 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Wed, 04 Oct 2023US$11.6tUS$2.0tUS$269.9b24.5x43x5.7x
Fri, 01 Sep 2023US$12.2tUS$2.0tUS$272.0b24.6x45x6x
Sun, 30 Jul 2023US$12.3tUS$2.0tUS$263.2b24.8x46.6x6x
Tue, 27 Jun 2023US$11.6tUS$2.0tUS$264.6b23.9x43.7x5.7x
Thu, 25 May 2023US$10.6tUS$2.0tUS$261.2b23x40.7x5.2x
Sat, 22 Apr 2023US$10.2tUS$2.0tUS$275.1b21.5x36.9x5x
Mon, 20 Mar 2023US$9.9tUS$2.0tUS$278.4b21.4x35.4x4.8x
Price to Earnings Ratio

35.4x


Total Market Cap: US$9.9tTotal Earnings: US$278.4bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.4x202420252026
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 39.8x which is lower than its 3-year average PE of 45.4x.
  • The 3-year average PS ratio of 7.3x is lower than the industry's current PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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-2.29%
Tech-0.72%
Semiconductors0.99%
Tech Hardware-1.45%
Software-1.92%
Communications-2.02%
IT-2.65%
Electronic Equipment and Components-3.83%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.5x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 17.4% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 32.9x.
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 4.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.5% 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$183.143.0%
+US$129.3b		50.5%PE37.1x
AVGO BroadcomUS$335.971.7%
+US$25.7b		71.8%PE63.7x
ORCL OracleUS$159.162.8%
+US$12.9b		7.8%PE28.3x
MU Micron TechnologyUS$405.352.1%
+US$9.3b		327.2%PE38.3x
INTC IntelUS$45.254.2%
+US$9.1b		88.1%PS4.3x

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