PLUS Stock Analysis: ePlus | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 2.302m USD | 12M Return: 24.2% | US2942681071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.4M
EPS Trend: -36.7%
Qual. Beats: 0
Rev. Trend: 52.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ePlus inc. (NASDAQ: PLUS) is a Herndon, Virginia-based provider of IT solutions, founded in 1990 and renamed from MLC Holdings in 1999. The company operates through three segments - Product Services, Professional Services, and Managed Services - selling third-party hardware, perpetual and subscription software, and maintenance, and offering internet-based B2B supply chain management for IT products.
Its Professional Services include staff augmentation, project management, cloud consulting, AI advisory, security, and logistics, while Managed Services cover service desk, storage-as-a-service, cloud management, and managed security. ePlus serves customers in telecommunications, media, technology, state and local government, education, healthcare, and financial services across the U.S. and internationally.
Classified under GICS as a Technology Distributor, ePlus follows a hybrid value-added reseller model, pairing third-party product resale with higher-margin advisory and recurring managed services - a structure common among mid-cap IT resellers seeking to extend customer relationships beyond hardware and software transactions.
- Product segment revenue pressured by soft enterprise hardware spending
- Managed services growth lifts mix toward higher margin recurring revenue
- AI advisory and cloud consulting drive professional services demand
| Net Income: 125.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.66 > 1.0 |
| NWC/Revenue: 32.45% < 20% (prev 33.39%; Δ -0.94% < -1%) |
| CFO/TA 0.03 > 3% & CFO 59.2m > Net Income 125.8m |
| Net Debt (-424.7m) to EBITDA (198.7m): -2.14 < 3 |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.1m) vs 12m ago -1.21% < -2% |
| Gross Margin: 24.71% > 18% (prev 25.85%; Δ -1.14% > 0.5%) |
| Asset Turnover: 133.9% > 50% (prev 118.9%; Δ 14.96% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.43 (Total Current Assets 1.50b - Total Current Liabilities 704.3m) / Total Assets 1.87b |
| B: 0.52 (Retained Earnings 979.2m / Total Assets 1.87b) |
| C: 0.09 (EBIT TTM 172.3m / Avg Total Assets 1.83b) |
| D: 1.35 (Book Value of Equity 1.07b / Total Liabilities 795.0m) |
| Altman-Z'' = 6.56 = AAA |
| DSRI: 0.92 (Receivables 783.3m/739.5m, Revenue 2.45b/2.14b) |
| GMI: 1.05 (GM 25.85% / 24.71%) |
| AQI: 0.89 (AQ_t 0.14 / AQ_t-1 0.16) |
| SGI: 1.15 (Revenue 2.45b / 2.14b) |
| TATA: 0.04 (NI 125.8m - CFO 59.2m) / TA 1.87b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of September 15, 2026, the stock is trading at USD 91.83 with a total of 185,362 shares traded. Over the past week, the price has changed by +1.06%, over one month by +3.71%, over three months by +10.31% and over the past year by +24.16%.
Current recommended Stop Loss: 86.10 (which is 6.2% or 2 ATR below the current price).
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
| Analysts Target Price | 111 | 20.9% |
P/E Trailing = 18.9677
P/E Forward = 16.5017
P/S = 0.9377
P/B = 2.149
P/EG = 1.0315
Revenue TTM = 2.45b USD
EBIT TTM = 172.3m USD
EBITDA TTM = 198.7m USD
Long Term Debt = unknown (none)
Short Term Debt = 112.5m USD (from shortLongTermDebt, last quarter)
Debt = 24.1m USD (from shortLongTermDebtTotal, last fiscal year) + Leases 7.95m
Net Debt = -424.7m USD (calculated: Debt 24.1m - CCE 448.9m)
Enterprise Value = 1.88b USD (2.30b + Debt 24.1m - CCE 448.9m)
Interest Coverage Ratio = unknown (Ebit TTM 172.3m / Interest Expense TTM 0.0)
EV/FCF = 34.27x (Enterprise Value 1.88b / FCF TTM 54.8m)
FCF Yield = 2.92% (FCF TTM 54.8m / Enterprise Value 1.88b)
FCF Margin = 2.23% (FCF TTM 54.8m / Revenue TTM 2.45b)
Net Margin = 5.12% (Net Income TTM 125.8m / Revenue TTM 2.45b)
Gross Margin = 24.71% ((Revenue TTM 2.45b - Cost of Revenue TTM 1.85b) / Revenue TTM)
Gross Margin QoQ = 23.31% (prev 24.23%)
Tobins Q-Ratio = 1.01 (Enterprise Value 1.88b / Total Assets 1.87b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 24.1m)
Taxrate = 28.73% (51.3m / 178.6m)
NOPAT = 122.8m (EBIT 172.3m * (1 - 28.73%))
Current Ratio = 2.13 (Total Current Assets 1.50b / Total Current Liabilities 704.3m)
Debt / Equity = 0.02 (Debt 24.1m / totalStockholderEquity, last quarter 1.07b)
Debt / EBITDA = -2.14 (Net Debt -424.7m / EBITDA 198.7m)
Debt / FCF = -7.75 (Net Debt -424.7m / FCF TTM 54.8m)
Total Stockholder Equity = 1.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.86% (Net Income 125.8m / Total Assets 1.87b)
RoE = 11.84% (Net Income TTM 125.8m / Total Stockholder Equity 1.06b)
RoCE = 14.82% (EBIT 172.3m / Capital Employed (Total Assets 1.87b - Current Liab 704.3m))
RoIC = 11.75% (NOPAT 122.8m / Invested Capital 1.05b)
WACC = 8.08% (E(2.30b)/V(2.33b) * Re(8.16%) + D(24.1m)/V(2.33b) * Rd(0.0%) * (1-Tc(0.29)))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.78 | Cagr: -1.24%
[DCF] Terminal Value 73.10% ; FCFF base≈73.1m ; Y1≈64.1m ; Y5≈51.8m
[DCF] Fair Price = 48.03 (EV 831.3m - Net Debt -424.7m = Equity 1.26b / Shares 26.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -36.73 | EPS CAGR: -2.67% | SUE: 0.71 | # QB: 0
Revenue Correlation: 52.52 | Revenue CAGR: 3.59% | SUE: 0.13 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.47 | Chg30d=-4.23% | Revisions=-40% | Analysts=2
EPS next Quarter (2026-12-31): EPS=1.53 | Chg30d=+1.32% | Revisions=+0% | Analysts=2
EPS current Year (2027-03-31): EPS=5.47 | Chg30d=+2.72% | Revisions=+40% | GrowthEPS=+1.6% | GrowthRev=+4.7%
EPS next Year (2028-03-31): EPS=5.96 | Chg30d=+2.58% | Revisions=+40% | GrowthEPS=+8.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +18% (up=5, down=3)