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U.S. Tech Hardware Industry Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies43
  • 7D6.7%
  • 3M-2.8%
  • 1Y8.8%
  • YTD-0.09%

In the last week, the Tech Hardware industry is up 6.7%, with Apple up 7.1%. This takes the industry's 12 month performance to a gain of 8.8%. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024US$2.9tUS$456.7bUS$103.3b25.7x28.5x6.4x
Sat, 06 Apr 2024US$2.8tUS$457.8bUS$102.9b24.5x26.8x6x
Mon, 04 Mar 2024US$2.9tUS$457.8bUS$102.6b27.5x28.5x6.4x
Wed, 31 Jan 2024US$3.1tUS$456.3bUS$98.7b30x31.2x6.7x
Fri, 29 Dec 2023US$3.1tUS$455.3bUS$98.5b26.6x31.5x6.8x
Sun, 26 Nov 2023US$3.0tUS$456.1bUS$98.1b21.8x31x6.7x
Tue, 24 Oct 2023US$2.8tUS$453.8bUS$95.1b21.1x29.3x6.1x
Thu, 21 Sep 2023US$2.8tUS$453.9bUS$95.1b20.3x29.8x6.2x
Sat, 19 Aug 2023US$2.8tUS$454.0bUS$95.2b25.1x29.5x6.2x
Mon, 17 Jul 2023US$3.1tUS$456.4bUS$95.7b31.8x32.3x6.8x
Wed, 14 Jun 2023US$3.0tUS$456.4bUS$95.7b30.6x31.1x6.5x
Fri, 12 May 2023US$2.8tUS$456.5bUS$95.8b24.9x29.3x6.1x
Sun, 09 Apr 2023US$2.7tUS$460.6bUS$97.1b24x27.6x5.8x
Tue, 07 Mar 2023US$2.5tUS$460.8bUS$97.2b25.6x25.3x5.3x
Thu, 02 Feb 2023US$2.4tUS$466.9bUS$102.0b23.8x23.3x5.1x
Sat, 31 Dec 2022US$2.1tUS$467.8bUS$102.0b22.1x20.9x4.6x
Mon, 28 Nov 2022US$2.4tUS$467.0bUS$104.4b18x23.3x5.2x
Wed, 26 Oct 2022US$2.5tUS$460.8bUS$105.2b14.3x23.9x5.5x
Fri, 23 Sep 2022US$2.5tUS$461.4bUS$105.4b14.7x23.9x5.5x
Sun, 21 Aug 2022US$2.8tUS$461.1bUS$105.4b16.6x26.9x6.1x
Tue, 19 Jul 2022US$2.5tUS$459.6bUS$108.1b14.9x23.1x5.4x
Thu, 16 Jun 2022US$2.3tUS$459.6bUS$108.1b15.1x21x4.9x
Sat, 14 May 2022US$2.5tUS$459.1bUS$108.0b15.2x22.8x5.4x
Mon, 11 Apr 2022US$2.9tUS$450.9bUS$107.0b14.6x26.7x6.3x
Wed, 09 Mar 2022US$2.7tUS$450.9bUS$107.2b13.9x25x5.9x
Fri, 04 Feb 2022US$3.0tUS$554.9bUS$113.3b10.9x26.1x5.3x
Sun, 02 Jan 2022US$3.1tUS$552.8bUS$109.2b12.2x28.3x5.6x
Tue, 30 Nov 2021US$2.8tUS$552.5bUS$106.8b14.3x26.3x5.1x
Thu, 28 Oct 2021US$2.7tUS$527.4bUS$94.0b15.4x28.5x5.1x
Sat, 25 Sep 2021US$2.7tUS$526.6bUS$93.8b21x28.4x5x
Mon, 23 Aug 2021US$2.7tUS$526.7bUS$93.7b20.4x28.5x5.1x
Sat, 10 Jul 2021US$2.5tUS$511.7bUS$91.6b25.7x26.9x4.8x
Price to Earnings Ratio

27.8x


Total Market Cap: US$2.2tTotal Earnings: US$81.0bTotal Revenue: US$489.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Hardware Industry Price to Earnings3Y Average 27x202220232024
Current Industry PE
  • Investors are relatively neutral on the American Tech 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 27.0x.
  • The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 8.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market3.31%
Tech4.32%
Tech Hardware6.73%
Tech Hardware Storage and Peripherals6.73%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AAPL AppleUS$182.747.9%
+US$187.8b		5.3%PE27.9x
DELL Dell TechnologiesUS$131.6110.8%
+US$9.2b		187.2%PE29.3x
SMCI Super Micro ComputerUS$822.6411.4%
+US$4.9b		512.6%PE45.9x
NTAP NetAppUS$109.488.4%
+US$1.8b		73.0%PE24x
HPQ HPUS$29.446.1%
+US$1.7b		-1.4%PE8.4x
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Latest News

TACT

US$3.87

TransAct Technologies

7D

-25.9%

1Y

-46.9%

CRSR

US$10.79

Corsair Gaming

7D

-4.2%

1Y

-38.3%

AAPL

US$182.74

Apple

7D

7.9%

1Y

5.3%

SMCI

US$822.64

Super Micro Computer

7D

11.4%

1Y

512.6%

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MOVE

US$0.40

Movano

7D

-17.8%

1Y

-69.9%

NTAP

US$109.48

NetApp

7D

8.4%

1Y

73.0%

PSTG

US$53.45

Pure Storage

7D

6.6%

1Y

132.0%

DELL

US$131.61

Dell Technologies

7D

10.8%

1Y

187.2%

HPQ

US$29.44

HP

7D

6.1%

1Y

-1.4%

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STX

US$90.05

Seagate Technology Holdings

7D

4.9%

1Y

57.2%

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HPE

US$17.18

Hewlett Packard Enterprise

7D

4.5%

1Y

21.9%

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WLDS

US$0.35

Wearable Devices

7D

-3.2%

1Y

-33.2%

IVAC

US$4.26

Intevac

7D

-0.5%

1Y

-13.8%

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NNDM

US$2.37

Nano Dimension

7D

-3.3%

1Y

-9.9%

ALOT

US$17.63

AstroNova

7D

-0.2%

1Y

14.5%

EBON

US$8.09

Ebang International Holdings

7D

-0.1%

1Y

28.2%