INDUSTRY

Instruments Industry Overview

Technology sector

Companies

256

Total Market Cap

$2.6T

Median P/E

31.5

P25: 20.7 / P75: 52.5

Median P/B

2.8

P25: 1.5 / P75: 5.6

Median EV/EBITDA

18.9

P25: 14.1 / P75: 30.1

Median ROE

-9.3%

P25: -76.8% / P75: 9.9%

Top Companies by Market Cap(190)

Ticker	Name	Market Cap	P/E Ratio	P/B	EV/EBITDA	ROE
TMO	THERMO FISHER SCIENTIFIC INC. TTM · 2026-06-27	$245.2B	35.2	4.6	30.1	13.2%
KLAC	KLA CORP FY · 2026-06-30	$240.1B	49.7	37.8	38.9	76.1%
DHR	DANAHER CORPORATION TTM · 2026-06-26	$156.7B	39.1	3.0	30.3	7.6%
ISRG	Intuitive Surgical, Inc. FY · 2025-12-31	$149.1B	52.2	8.1	-	15.6%
MDT	Medtronic plc TTM · 2026-07-31	$119.0B	22.7	2.3	14.7	10.3%
SYK	STRYKER CORP TTM · 2026-06-30	$108.4B	29.1	4.5	16.8	15.5%
TT	TRANE TECHNOLOGIES PLC TTM · 2026-06-30	$105.2B	35.7	12.2	24.8	34.1%
MMM	3M COMPANY TTM · 2026-06-30	$83.9B	28.0	27.9	15.6	99.7%
NOC	NORTHROP GRUMMAN CORP /DE/ TTM · 2026-06-30	$68.4B	15.2	3.8	13.4	25.1%
KEYS	KEYSIGHT TECHNOLOGIES, INC. TTM · 2026-07-31	$63.0B	50.0	9.6	42.4	19.2%
BSX	BOSTON SCIENTIFIC CORPORATION TTM · 2026-06-30	$62.8B	17.1	2.5	13.1	14.6%
TER	TERADYNE, INC. TTM · 2026-06-28	$59.5B	51.7	17.1	-	33.1%
AME	AMETEK, Inc. TTM · 2026-06-30	$57.4B	36.4	5.1	24.0	14.0%
COHR	COHERENT CORP. FY · 2026-06-30	$57.1B	70.9	5.1	37.5	7.2%
GRMN	GARMIN LTD TTM · 2026-03-28	$53.3B	30.7	5.7	-	18.7%
BDX	BECTON, DICKINSON AND COMPANY TTM · 2026-06-30	$51.0B	54.2	2.1	15.8	3.9%
EW	Edwards Lifesciences Corporation TTM · 2026-06-30	$49.1B	48.9	4.6	29.0	9.4%
A	AGILENT TECHNOLOGIES, INC. TTM · 2026-07-31	$48.4B	33.6	-	26.5	-
ROK	Rockwell Automation, Inc. FY · 2025-09-30	$48.0B	55.2	13.7	24.7	24.9%
LHX	L3HARRIS TECHNOLOGIES, INC. TTM · 2026-07-03	$43.7B	23.3	2.2	15.2	9.3%
WAT	Waters Corporation FY · 2025-12-31	$42.2B	65.6	2.8	52.4	4.2%
ILMN	Illumina, Inc. TTM · 2026-06-28	$40.9B	49.7	14.4	36.1	29.0%
ROP	ROPER TECHNOLOGIES, INC. TTM · 2026-06-30	$36.4B	14.5	1.9	14.1	13.4%
RMD	ResMed Inc. FY · 2026-06-30	$33.1B	21.7	5.0	15.4	23.1%
DXCM	DEXCOM, INC. TTM · 2026-06-30	$32.1B	32.1	12.2	23.0	38.1%
MTD	Mettler-Toledo International Inc. FY · 2025-12-31	$32.0B	36.8	-	29.2	-
GEHC	GE HEALTHCARE TECHNOLOGIES INC. TTM · 2026-03-31	$31.1B	16.3	2.9	13.2	17.5%
TDY	TELEDYNE TECHNOLOGIES INC TTM · 2026-06-28	$28.3B	29.1	2.6	19.0	8.9%
WST	WEST PHARMACEUTICAL SERVICES, INC. TTM · 2026-06-30	$26.2B	46.3	8.8	30.1	18.9%
VLTO	VERALTO CORPORATION TTM · 2026-04-03	$24.1B	24.9	8.0	18.4	32.2%
STE	STERIS plc TTM · 2026-06-30	$21.2B	26.4	2.9	13.9	11.1%
ZBH	ZIMMER BIOMET HOLDINGS, INC. TTM · 2026-06-30	$17.6B	21.8	1.4	10.6	6.4%
FTV	Fortive Corporation TTM · 2026-04-03	$17.5B	32.3	2.9	18.9	8.9%
RVTY	REVVITY, INC TTM · 2026-07-05	$17.3B	72.8	2.4	25.3	3.3%
MKSI	MKS INC. TTM · 2026-06-30	$16.7B	38.1	5.6	19.7	14.7%
SOLV	SOLVENTUM CORPORATION TTM · 2026-06-30	$14.7B	10.2	3.1	7.5	29.9%
TRMB	TRIMBLE INC. TTM · 2026-07-03	$14.0B	-	2.7	18.0	-2.0%
ONTO	ONTO INNOVATION INC. TTM · 2026-06-30	$12.9B	97.5	6.7	83.8	6.9%
BAX	BAXTER INTERNATIONAL INC. FY · 2025-12-31	$12.9B	-	2.1	30.0	-15.5%
PEN	Penumbra, Inc TTM · 2026-06-30	$12.6B	78.5	8.2	-	10.5%
AVTR	Avantor, Inc. TTM · 2026-03-31	$10.5B	-	1.9	115.8	-9.9%
COO	The Cooper Companies, Inc. TTM · 2026-07-31	$10.4B	18.2	1.2	13.1	6.8%
GMED	GLOBUS MEDICAL, INC. TTM · 2026-06-30	$10.2B	19.1	2.1	-	11.2%
ALGN	ALIGN TECHNOLOGY, INC. TTM · 2026-06-30	$10.2B	24.7	2.4	-	9.8%
CGNX	COGNEX CORP TTM · 2026-07-05	$10.1B	57.8	6.2	-	10.7%
GKOS	GLAUKOS Corp TTM · 2026-06-30	$9.8B	-	14.3	-	-27.6%
BIO	BIO-RAD LABORATORIES, INC. FY · 2025-12-31	$9.7B	12.8	1.4	49.0	10.6%
PODD	INSULET CORPORATION TTM · 2026-06-30	$9.6B	25.5	6.7	16.2	26.4%
BRKR	BRUKER CORPORATION TTM · 2026-06-30	$8.6B	-	3.5	51.1	-2.9%
RAL	Ralliant Corporation FY · 2025-12-31	$8.0B	-	5.2	-	-79.7%

Related Industries

Communications Equipment

Computer Hardware

Electronic Components

Technology Distribution

Data updated daily · Source: SEC EDGAR, Polygon.io