U.S. Technology Stocks: A Ranking by Structural Expected Returns

This note analyzes 59 U.S. technology firms as of December 31, 2025 using the Potential Payback Period (PPP) framework and ranks them by Stock Internal Rate of Return Including Price Appreciation (SIRRIPA). Based on market data from Simply Wall Street and a common discount rate, the analysis maps heterogeneous equity valuations onto a single, yield-like return scale. In contrast to highly dispersed P/E ratios, SIRRIPA values cluster between approximately 4% and 10%, enabling consistent cross-company comparison and practical portfolio decision-making.