(PLUS) ePlus - Overview

Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 2.013m USD | Total Return: 38.1% in 12m

Stock Hardware, Software, Maintenance, Services, Financing
Total Rating 46
Safety 95
Buy Signal 0.14
Software - Application -0.2
Technology Distributors +10.2
Market Cap: 2,013m
Avg Trading Vol: 13.4M USD
ATR: 3.72%
Peers RS (IBD): 50.0
Risk 5d forecast
Volatility34.1%
Rel. Tail Risk-9.23%
Reward TTM
Sharpe Ratio0.71
Alpha10.07
Character TTM
Beta0.916
Beta Downside0.471
Drawdowns 3y
Max DD46.13%
CAGR/Max DD0.34
EPS (Earnings per Share) EPS (Earnings per Share) of PLUS over the last years for every Quarter: "2021-03": 0.71, "2021-06": 0.98, "2021-09": 1.3, "2021-12": 1.1, "2022-03": 1.01, "2022-06": 0.99, "2022-09": 1.29, "2022-12": 1.38, "2023-03": 1.36, "2023-06": 1.41, "2023-09": 1.4, "2023-12": 1.18, "2024-03": 0.93, "2024-06": 1.13, "2024-09": 1.36, "2024-12": 1.06, "2025-03": 1.11, "2025-06": 1.26, "2025-09": 1.53, "2025-12": 1.45, "2026-03": 0,
EPS CAGR: -43.95%
EPS Trend: -33.1%
Last SUE: -3.18
Qual. Beats: 0
Revenue Revenue of PLUS over the last years for every Quarter: 2021-03: 352.607, 2021-06: 416.649, 2021-09: 458.017, 2021-12: 494.834, 2022-03: 451.519, 2022-06: 458.359, 2022-09: 493.706, 2022-12: 623.476, 2023-03: 492.177, 2023-06: 574.175, 2023-09: 587.611, 2023-12: 509.055, 2024-03: 554.461, 2024-06: 535.652, 2024-09: 493.372, 2024-12: 510.965, 2025-03: 498.114, 2025-06: 637.315, 2025-09: 608.826, 2025-12: 614.774, 2026-03: null,
Rev. CAGR: 8.58%
Rev. Trend: 52.9%
Last SUE: 0.83
Qual. Beats: 0
Description: PLUS ePlus

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
  • Enterprise IT spending directly impacts hardware and software sales
  • Professional and managed services drive recurring revenue growth
  • IT financing segment performance tied to interest rate environment
  • Cybersecurity demand fuels solution and service adoption
Piotroski VR‑10 (Strict) 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 2.53k% > 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 572k)
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? As of April 06, 2026, the stock is trading at USD 77.21 with a total of 116,238 shares traded.
Over the past week, the price has changed by +4.88%, over one month by -4.00%, over three months by -10.46% and over the past year by +38.14%.
Is PLUS a buy, sell or hold? ePlus has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy PLUS.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the PLUS price?
Wallstreet Target Price 115 48.9%
Analysts Target Price 115 48.9%
PLUS Fundamental Data Overview as of 03 April 2026
P/E Trailing = 13.5964
P/E Forward = 13.8504
P/S = 0.8362
P/B = 1.8899
P/EG = 0.7691
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 = 1.82b USD (2.01b + Debt 133.2m - CCE 326.3m)
Interest Coverage Ratio = 306.0 (Ebit TTM 175.0m / Interest Expense TTM 572k)
EV/FCF = -27.85x (Enterprise Value 1.82b / FCF TTM -65.3m)
FCF Yield = -3.59% (FCF TTM -65.3m / Enterprise Value 1.82b)
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 = 0.99 (Enterprise Value 1.82b / Total Assets 1.83b)
Interest Expense / Debt = 0.43% (Interest Expense 572k / 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 = 8.65% (E(2.01b)/V(2.15b) * Re(9.20%) + D(133.2m)/V(2.15b) * Rd(0.43%) * (1-Tc(0.27)))
Discount Rate = 9.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.77%
 [DCF] Fair Price = unknown (Cash Flow -65.3m)
 EPS Correlation: -33.05 | EPS CAGR: -43.95% | SUE: -3.18 | # QB: 0
Revenue Correlation: 52.93 | Revenue CAGR: 8.58% | SUE: 0.83 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.27 | Chg7d=-0.010 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=2
EPS next Year (2027-03-31): EPS=5.54 | Chg7d=-0.245 | Chg30d=-0.245 | Revisions Net=-1 | Growth EPS=+6.3% | Growth Revenue=+4.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.8% (Discount Rate 9.2% - Earnings Yield 7.4%)
[Growth] Growth Spread = -2.8% (Analyst -0.9% - Implied 1.8%)
External Resources
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