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U.S. Electronic Manufacturing Services Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies27
  • 7D3.0%
  • 3M6.0%
  • 1Y113.8%
  • YTDn/a

Over the last 7 days, the Electronic Manufacturing Services industry has risen 3.0%, driven by gains from TE Connectivity of 3.4%. This means that the industry has gained 114% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the U.S. Electronic Manufacturing Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$167.7bUS$105.3bUS$3.9b30.9x42.6x1.6x
Tue, 03 Mar 2026US$173.6bUS$103.7bUS$3.9b32.7x44.4x1.7x
Thu, 29 Jan 2026US$167.0bUS$102.6bUS$4.4b31.5x37.6x1.6x
Sat, 27 Dec 2025US$162.0bUS$100.6bUS$4.2b32x38.2x1.6x
Mon, 24 Nov 2025US$145.5bUS$99.3bUS$4.4b29.8x33.3x1.5x
Wed, 22 Oct 2025US$153.3bUS$98.0bUS$3.7b30x41.6x1.6x
Fri, 19 Sep 2025US$145.4bUS$96.7bUS$3.6b39.4x40.3x1.5x
Sun, 17 Aug 2025US$134.8bUS$96.6bUS$3.6b36.4x37.5x1.4x
Tue, 15 Jul 2025US$127.3bUS$95.8bUS$3.4b26.8x37.3x1.3x
Thu, 12 Jun 2025US$112.2bUS$94.8bUS$3.3b26.1x34.1x1.2x
Sat, 10 May 2025US$100.4bUS$94.8bUS$3.3b23.9x30.5x1.1x
Mon, 07 Apr 2025US$79.4bUS$94.1bUS$4.0b18.9x20.1x0.8x
Wed, 05 Mar 2025US$97.9bUS$94.3bUS$4.7b21.8x20.8x1x
Fri, 31 Jan 2025US$103.7bUS$94.2bUS$4.8b24.2x21.8x1.1x
Sun, 29 Dec 2024US$101.8bUS$94.0bUS$5.9b26.2x17.4x1.1x
Tue, 26 Nov 2024US$103.9bUS$95.4bUS$5.9b27.4x17.6x1.1x
Thu, 24 Oct 2024US$98.0bUS$95.8bUS$6.2b23x15.7x1x
Sat, 21 Sep 2024US$96.3bUS$97.3bUS$6.2b22.1x15.4x1x
Mon, 19 Aug 2024US$95.6bUS$97.3bUS$6.3b21.8x15.3x1x
Wed, 17 Jul 2024US$100.5bUS$98.6bUS$6.2b21.3x16.3x1x
Fri, 14 Jun 2024US$99.7bUS$100.4bUS$6.3b21x15.7x1x
Sun, 12 May 2024US$96.6bUS$100.4bUS$6.4b20.5x15.1x1x
Tue, 09 Apr 2024US$96.5bUS$104.3bUS$6.5b14.8x14.9x0.9x
Thu, 07 Mar 2024US$99.8bUS$105.7bUS$5.8b17.1x17.3x0.9x
Sat, 03 Feb 2024US$96.8bUS$106.4bUS$5.7b15.3x17.1x0.9x
Mon, 01 Jan 2024US$97.7bUS$107.0bUS$4.3b18.8x22.7x0.9x
Wed, 29 Nov 2023US$90.8bUS$108.3bUS$4.4b14.8x20.6x0.8x
Fri, 27 Oct 2023US$83.3bUS$108.9bUS$4.7b16.8x17.8x0.8x
Sun, 24 Sep 2023US$85.9bUS$109.9bUS$4.8b14.6x17.7x0.8x
Tue, 22 Aug 2023US$86.2bUS$109.9bUS$4.9b16.1x17.7x0.8x
Thu, 20 Jul 2023US$97.2bUS$109.7bUS$5.0b16.4x19.6x0.9x
Sat, 17 Jun 2023US$92.9bUS$109.7bUS$5.0b15.5x18.7x0.8x
Mon, 15 May 2023US$80.3bUS$109.6bUS$5.0b13.8x16.1x0.7x
Wed, 12 Apr 2023US$82.6bUS$108.0bUS$5.1b15.8x16.1x0.8x
Price to Earnings Ratio

16.1x


Total Market Cap: US$82.6bTotal Earnings: US$5.1bTotal Revenue: US$108.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electronic Manufacturing Services Industry Price to Earnings3Y Average 24.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Electronic Manufacturing Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.6x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Electronic Manufacturing Services industry have declined 8.4% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Electronic Manufacturing Services compare with similar industries?

US Market3.46%
Tech4.66%
Electronic Equipment and Components4.74%
Electronic Manufacturing Services2.98%
Technology Distributors8.04%
Electronic Components5.42%
Electronic Equipment and Instruments3.96%
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
TEL TE ConnectivityUS$209.073.4%
+US$2.0b		71.4%PE29.7x
FLEX FlexUS$68.595.8%
+US$1.4b		157.1%PE29.6x
JBL JabilUS$268.552.9%
+US$786.7m		129.8%PE35.1x
PLXS PlexusUS$207.354.1%
+US$219.1m		84.7%PE31.4x
FN FabrinetUS$557.971.1%
+US$215.0m		226.2%PE53x

Latest News

TEL
US$209.07
TE Connectivity
7D
3.4%
1Y
71.4%

TEL: Future Buybacks And Margins Will Likely Keep Shares Fairly Priced

Analysts have trimmed their price target on TE Connectivity to $202.29 from $211.17, citing updated assumptions for slightly higher revenue growth and profit margins, along with a lower future P/E multiple. What's in the News Credo Technology Group Holding Ltd.
OPTX
US$8.59
Syntec Optics Holdings
7D
18.8%
1Y
653.5%
IPGP
US$113.94
IPG Photonics
7D
-1.5%
1Y
118.6%

IPGP: Defense And Industrial Laser Demand Will Drive Long Term Earnings Power

Analysts have raised their blended price target on IPG Photonics, reflecting a $73 increase at Stifel, a $12.50 increase at BofA, and a $5 increase at Roth Capital, while refining assumptions on revenue growth, profit margins, discount rate, and future P/E. Analyst Commentary Recent Street research on IPG Photonics shows a clear split in views, with some cautious voices alongside a group of bullish analysts who are becoming more constructive on the stock and its long term setup.
FN
US$557.97
Fabrinet
7D
1.1%
1Y
226.2%

FN: Buybacks And Margin Improvements Will Support Future Upside Potential

Analysts have raised their price target for Fabrinet from $600 to $715, citing updated assumptions for slightly higher revenue growth, a modestly higher profit margin, a lower discount rate, and a higher future P/E multiple. What's in the News Fabrinet updated its outlook for the third fiscal quarter ending March 27, 2026, with expected revenue in the range of US$1.15b to US$1.20b.
DAIO
US$2.28
Data I/O
7D
-14.3%
1Y
-3.2%
FLEX
US$68.59
Flex
7D
5.8%
1Y
157.1%

FLEX: AI Power Business Will Drive Future Margin Upside Repricing

Flex's updated fair value estimate has edged slightly lower to about $75.44. This reflects modest tweaks to discount rate, growth, and margin assumptions, as analysts highlight the company's AI oriented power business and potential margin upside while maintaining a $70 Street price target.
SANM
US$130.21
Sanmina
7D
-0.5%
1Y
93.5%

Heavy AI Infrastructure Dependence Will Pressure Margins Yet Eventually Support Stronger Earnings

Catalysts About Sanmina Sanmina provides electronics manufacturing and related services for communication networks, cloud and AI infrastructure, industrial and energy, medical, defense, aerospace, automotive and transportation customers. What are the underlying business or industry changes driving this perspective?
RFIL
US$10.89
RF Industries
7D
-2.9%
1Y
161.8%

RFIL: Backlog Recovery And Margin Trajectory Will Test Post Rally Premium

Analysts lifted their price target on RF Industries to $11.25 from $10.25, citing improving margin trends and a recovering backlog. They also highlighted that the shares already trade at a premium to interconnect and cabling peers.
PLXS
US$207.35
Plexus
7D
4.1%
1Y
84.7%

PLXS: Raised Price Views And Buybacks Will Likely Support Balanced Trading Outlook

Analysts have raised their Plexus price targets by $25 to $50, pointing to modestly adjusted assumptions for growth, margins, and future P/E to support their higher valuation views. Analyst Commentary Recent research points to a cluster of higher Plexus price targets in the US$25 to US$50 range above prior levels, reflecting tweaked assumptions around growth, margins, and the P/E multiple investors might be willing to pay.
TTMI
US$97.48
TTM Technologies
7D
2.1%
1Y
448.3%
JBL
US$268.55
Jabil
7D
2.9%
1Y
129.8%

JBL: Alliances And Buybacks Will Shape A Balanced Medium Term Outlook

Analysts now estimate Jabil's fair value at $293.11, up from the previous $264.50. This reflects updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E.
BHE
US$56.57
Benchmark Electronics
7D
1.7%
1Y
73.2%

BHE: Refined Earnings Outlook And Buybacks Will Shape 2026 Expectations

Analysts have raised their price targets on Benchmark Electronics by $5 to $7, citing updated views that reflect the latest research on valuation inputs and earnings expectations. Analyst Commentary Recent price target moves on Benchmark Electronics signal that research teams are refreshing their models around valuation inputs and earnings expectations, even when the underlying calls vary in size from $5 to $7.
FWDI
US$4.29
Forward Industries
7D
-0.5%
1Y
-36.9%
WTO
US$2.57
UTime
7D
-10.8%
1Y
-99.6%
SHMD
US$5.35
SCHMID Group
7D
-10.1%
1Y
64.6%
DSWL
US$2.97
Deswell Industries
7D
-4.5%
1Y
29.9%