(PLUS) ePlus - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2942681071

IT Hardware, Software, Managed Services, Professional Services, Financing

Technology Distributors
Market Cap in USD: 2,274m

IPO / Inception: 1996-11-14
12m vs SPY: -6.92%

EPS (Earnings per Share)

EPS CAGR: 9.20%
EPS Trend: 22.9%

Last SUE: 3.40
Qual. Beats: 1

Revenue

Rev. CAGR: 5.68%
Rev. Trend: 48.1%

Last SUE: 1.35
Qual. Beats: 2

Dividends

Dividend Yield	0.63%
Yield on Cost 5y	1.10%
Yield CAGR 5y	%
Payout Consistency	10.0%
Payout Ratio	10.1%

Risk via 5d forecast
Volatility	35.6%
Value at Risk 5%th	51.1%
Relative Tail Risk	-12.70%

Reward TTM
Sharpe Ratio	0.37
Alpha	-6.49
CAGR/Max DD	0.46

Character TTM
Hurst Exponent	0.451
Beta	0.951
Beta Downside	0.678

Drawdowns 3y
Max DD	46.13%
Mean DD	14.59%
Median DD	10.76%

Description: PLUS ePlus November 13, 2025

ePlus Inc. (NASDAQ: PLUS) is a technology-distribution and services firm that sells third-party hardware, software (both perpetual and subscription), and related maintenance, while also delivering a broad portfolio of professional and managed services-including staff augmentation, cloud consulting, AI advisory, security, digital signage, EV-charging, and lifecycle asset management. The company finances a wide range of equipment-from IT and communications gear to medical and industrial machinery-through leases, loans, and consumption-based arrangements, serving verticals such as telecom, media, government, education, healthcare, and financial services.

Key operating metrics show the business is scaling its higher-margin subscription and managed-service lines: FY 2023 revenue reached roughly $2.2 billion, with subscription revenue growing ~15 % year-over-year and operating margin hovering around 3 %. The sector is being driven by sustained enterprise IT spend growth (≈5 % CAGR) and accelerated adoption of cloud and edge solutions, which bolster demand for ePlus’s financing and lifecycle services. Additionally, the EV-charging and digital-signage segments have expanded at double-digit rates, reflecting broader sustainability and experiential-retail trends.

For a deeper quantitative view of ePlus’s valuation metrics and peer comparison, the ValueRay platform offers a free dashboard you might explore.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (121.9m TTM) > 0 and > 6% of Revenue (6% = 135.3m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -13.12pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 33.02% (prev 26.40%; Δ 6.62pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 92.9m <= Net Income 121.9m (YES >=105%, WARN >=100%)

Net Debt (-303.6m) to EBITDA (189.5m) ratio: -1.60 <= 3.0 (WARN <= 3.5)

Current Ratio 2.19 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (26.4m) change vs 12m ago -1.01% (target <= -2.0% for YES)

Gross Margin 26.07% (prev 24.57%; Δ 1.50pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 130.1% (prev 123.1%; Δ 7.01pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 145.1 (EBITDA TTM 189.5m / Interest Expense TTM 1.09m) >= 6 (WARN >= 3)

Altman Z'' 6.41

(A) 0.42 = (Total Current Assets 1.37b - Total Current Liabilities 628.1m) / Total Assets 1.77b

(B) 0.52 = Retained Earnings (Balance) 916.9m / Total Assets 1.77b

(D) 1.28 = Book Value of Equity 922.5m / Total Liabilities 720.7m

Total Rating: 6.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.53

1. Piotroski 5.50pt

2. FCF Yield 4.45%

3. FCF Margin 3.89%

4. Debt/Equity 0.09

5. Debt/Ebitda -1.60

6. ROIC - WACC (= 0.85)%

7. RoE 12.17%

8. Rev. Trend 48.14%

9. EPS Trend 22.93%

What is the price of PLUS shares?

As of January 15, 2026, the stock is trading at USD 86.75 with a total of 106,000 shares traded.
Over the past week, the price has changed by +0.51%, over one month by -5.77%, over three months by +19.66% and over the past year by +11.67%.

Is PLUS a buy, sell or hold?

ePlus has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy PLUS.

Strong Buy: 1
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PLUS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	92	6.1%
Analysts Target Price	92	6.1%
ValueRay Target Price	99.5	14.7%

PLUS Fundamental Data Overview January 13, 2026

P/E Trailing = 17.498
P/E Forward = 20.284
P/S = 0.9946
P/B = 2.1582
P/EG = 1.8639
Revenue TTM = 2.26b USD
EBIT TTM = 158.0m USD
EBITDA TTM = 189.5m USD
Long Term Debt = 11.3m USD (from longTermDebt, last fiscal year)
Short Term Debt = 98.5m USD (from shortTermDebt, last quarter)
Debt = 98.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -303.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.97b USD (2.27b + Debt 98.5m - CCE 402.2m)
Interest Coverage Ratio = 145.1 (Ebit TTM 158.0m / Interest Expense TTM 1.09m)
EV/FCF = 22.45x (Enterprise Value 1.97b / FCF TTM 87.7m)
FCF Yield = 4.45% (FCF TTM 87.7m / Enterprise Value 1.97b)
FCF Margin = 3.89% (FCF TTM 87.7m / Revenue TTM 2.26b)
Net Margin = 5.40% (Net Income TTM 121.9m / Revenue TTM 2.26b)
Gross Margin = 26.07% ((Revenue TTM 2.26b - Cost of Revenue TTM 1.67b) / Revenue TTM)
Gross Margin QoQ = 26.63% (prev 23.26%)
Tobins Q-Ratio = 1.11 (Enterprise Value 1.97b / Total Assets 1.77b)
Interest Expense / Debt = 0.58% (Interest Expense 572.0k / Debt 98.5m)
Taxrate = 29.33% (15.8m / 54.0m)
NOPAT = 111.7m (EBIT 158.0m * (1 - 29.33%))
Current Ratio = 2.19 (Total Current Assets 1.37b / Total Current Liabilities 628.1m)
Debt / Equity = 0.09 (Debt 98.5m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = -1.60 (Net Debt -303.6m / EBITDA 189.5m)
Debt / FCF = -3.46 (Net Debt -303.6m / FCF TTM 87.7m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.03% (Net Income 121.9m / Total Assets 1.77b)
RoE = 12.17% (Net Income TTM 121.9m / Total Stockholder Equity 1.00b)
RoCE = 15.60% (EBIT 158.0m / Capital Employed (Equity 1.00b + L.T.Debt 11.3m))
RoIC = 9.90% (NOPAT 111.7m / Invested Capital 1.13b)
WACC = 9.05% (E(2.27b)/V(2.37b) * Re(9.42%) + D(98.5m)/V(2.37b) * Rd(0.58%) * (1-Tc(0.29)))
Discount Rate = 9.42% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.55%
[DCF Debug] Terminal Value 65.63% ; FCFF base≈175.6m ; Y1≈115.3m ; Y5≈52.6m
Fair Price DCF = 44.41 (EV 870.4m - Net Debt -303.6m = Equity 1.17b / Shares 26.4m; r=9.05% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 22.93 | EPS CAGR: 9.20% | SUE: 3.40 | # QB: 1
Revenue Correlation: 48.14 | Revenue CAGR: 5.68% | SUE: 1.35 | # QB: 2
EPS current Year (2026-03-31): EPS=4.49 | Chg30d=+0.400 | Revisions Net=+1 | Growth EPS=-4.0% | Growth Revenue=+8.6%
EPS next Year (2027-03-31): EPS=4.96 | Chg30d=+0.435 | Revisions Net=+1 | Growth EPS=+10.6% | Growth Revenue=+0.6%

Additional Sources for PLUS Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle