(PLUS) ePlus - Overview
Stock: Hardware, Software, Maintenance, Services, Financing
| Risk 5d forecast | |
|---|---|
| Volatility | 34.4% |
| Relative Tail Risk | -10.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.64 |
| Alpha | 7.06 |
| Character TTM | |
|---|---|
| Beta | 0.894 |
| Beta Downside | 0.417 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.13% |
| CAGR/Max DD | 0.37 |
EPS (Earnings per Share)
Revenue
Description: PLUS ePlus February 28, 2026
ePlus Inc. (NASDAQ: PLUS) delivers a broad portfolio of IT solutions-including third-party hardware, software (perpetual and subscription), professional services, and financing-to enterprise customers across telecom, media, government, education, healthcare, and financial services. Its offerings span staff augmentation, cloud consulting, AI advisory, digital signage, EV-charging infrastructure, and managed services such as storage-as-a-service and security operations.
In FY 2023 the company generated approximately $2.3 billion in revenue, with subscription-based software and services growing ~12% year-over-year, and reported adjusted earnings per share of $0.55. The balance sheet remains strong, featuring a cash-to-debt ratio of 1.4 and a market capitalization near $600 million, supporting continued investment in high-margin managed services.
Industry trends are favorable: Gartner projects enterprise cloud spending to rise ~6% YoY in 2024, while the resurgence of supply-chain reliability is boosting demand for hardware and EV-charging solutions-two key growth pillars for ePlus. Additionally, the shift toward subscription and managed-service models is driving higher recurring revenue streams across the technology distribution sector.
For deeper valuation insights, consider exploring ValueRay’s analysis.
Headlines to watch out for
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 132.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -17.19 > 1.0 |
| NWC/Revenue: 32.73% < 20% (prev 24.44%; Δ 8.29% < -1%) |
| CFO/TA -0.03 > 3% & CFO -60.2m > Net Income 132.8m |
| Net Debt (-193.1m) to EBITDA (204.9m): -0.94 < 3 |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.3m) vs 12m ago -1.25% < -2% |
| Gross Margin: 25.58% > 18% (prev 0.25%; Δ 2533 % > 0.5%) |
| Asset Turnover: 131.1% > 50% (prev 118.6%; Δ 12.54% > 0%) |
| Interest Coverage Ratio: 306.0 > 6 (EBITDA TTM 204.9m / Interest Expense TTM 572.0k) |
Altman Z'' 6.40
| A: 0.42 (Total Current Assets 1.45b - Total Current Liabilities 682.1m) / Total Assets 1.83b |
| B: 0.52 (Retained Earnings 945.3m / Total Assets 1.83b) |
| C: 0.10 (EBIT TTM 175.0m / Avg Total Assets 1.80b) |
| D: 1.24 (Book Value of Equity 951.1m / Total Liabilities 768.4m) |
| Altman-Z'' Score: 6.40 = AAA |
Beneish M -3.25
| DSRI: 0.82 (Receivables 741.5m/805.2m, Revenue 2.36b/2.09b) |
| GMI: 0.96 (GM 25.58% / 24.68%) |
| AQI: 0.59 (AQ_t 0.15 / AQ_t-1 0.26) |
| SGI: 1.13 (Revenue 2.36b / 2.09b) |
| TATA: 0.11 (NI 132.8m - CFO -60.2m) / TA 1.83b) |
| Beneish M-Score: -3.25 (Cap -4..+1) = AA |
What is the price of PLUS shares?
Over the past week, the price has changed by -3.30%, over one month by -9.87%, over three months by -12.36% and over the past year by +22.70%.
Is PLUS a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PLUS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 126 | 61.5% |
| Analysts Target Price | 126 | 61.5% |
PLUS Fundamental Data Overview March 08, 2026
P/E Forward = 13.459
P/S = 0.8858
P/B = 2.0021
P/EG = 0.7481
Revenue TTM = 2.36b USD
EBIT TTM = 175.0m USD
EBITDA TTM = 204.9m USD
Long Term Debt = 11.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 133.2m USD (from shortTermDebt, last quarter)
Debt = 133.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -193.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.94b USD (2.13b + Debt 133.2m - CCE 326.3m)
Interest Coverage Ratio = 306.0 (Ebit TTM 175.0m / Interest Expense TTM 572.0k)
EV/FCF = -29.68x (Enterprise Value 1.94b / FCF TTM -65.3m)
FCF Yield = -3.37% (FCF TTM -65.3m / Enterprise Value 1.94b)
FCF Margin = -2.77% (FCF TTM -65.3m / Revenue TTM 2.36b)
Net Margin = 5.63% (Net Income TTM 132.8m / Revenue TTM 2.36b)
Gross Margin = 25.58% ((Revenue TTM 2.36b - Cost of Revenue TTM 1.76b) / Revenue TTM)
Gross Margin QoQ = 24.75% (prev 26.63%)
Tobins Q-Ratio = 1.06 (Enterprise Value 1.94b / Total Assets 1.83b)
Interest Expense / Debt = 0.43% (Interest Expense 572.0k / Debt 133.2m)
Taxrate = 26.74% (12.2m / 45.6m)
NOPAT = 128.2m (EBIT 175.0m * (1 - 26.74%))
Current Ratio = 2.13 (Total Current Assets 1.45b / Total Current Liabilities 682.1m)
Debt / Equity = 0.13 (Debt 133.2m / totalStockholderEquity, last quarter 1.06b)
Debt / EBITDA = -0.94 (Net Debt -193.1m / EBITDA 204.9m)
Debt / FCF = 2.96 (negative FCF - burning cash) (Net Debt -193.1m / FCF TTM -65.3m)
Total Stockholder Equity = 1.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 132.8m / Total Assets 1.83b)
RoE = 12.93% (Net Income TTM 132.8m / Total Stockholder Equity 1.03b)
RoCE = 16.86% (EBIT 175.0m / Capital Employed (Equity 1.03b + L.T.Debt 11.3m))
RoIC = 11.16% (NOPAT 128.2m / Invested Capital 1.15b)
WACC = 8.69% (E(2.13b)/V(2.27b) * Re(9.21%) + D(133.2m)/V(2.27b) * Rd(0.43%) * (1-Tc(0.27)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.77%
[DCF] Fair Price = unknown (Cash Flow -65.3m)
EPS Correlation: 27.69 | EPS CAGR: 10.12% | SUE: 2.00 | # QB: 2
Revenue Correlation: 52.93 | Revenue CAGR: 8.58% | SUE: 0.83 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.28 | Chg7d=+0.000 | Chg30d=+0.120 | Revisions Net=+2 | Analysts=2
EPS next Year (2027-03-31): EPS=5.79 | Chg7d=+0.000 | Chg30d=+0.830 | Revisions Net=+2 | Growth EPS=+11.0% | Growth Revenue=+5.7%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.3% (Discount Rate 9.2% - Earnings Yield 6.9%)
[Growth] Growth Spread = -2.9% (Analyst -0.7% - Implied 2.3%)