ePlus inc.

NasdaqGS:PLUS Stock Report

Market Cap: US$2.6b

ePlus Valuation

Is PLUS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PLUS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PLUS ($98.18) is trading above our estimate of fair value ($92.06)

Significantly Below Fair Value: PLUS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PLUS?

Other financial metrics that can be useful for relative valuation.

PLUS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA14x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does PLUS's PE Ratio compare to its peers?

The above table shows the PE ratio for PLUS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
CNXN PC Connection
21.8x10.3%US$2.0b
AVT Avnet
9.7x2.2%US$4.9b
SCSC ScanSource
15.1x3.6%US$1.2b
NSIT Insight Enterprises
23.7x16.1%US$7.2b
PLUS ePlus
23.9x13.3%US$2.6b

Price-To-Earnings vs Peers: PLUS is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does PLUS's PE Ratio compare vs other companies in the US Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: PLUS is good value based on its Price-To-Earnings Ratio (23.9x) compared to the US Electronic industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is PLUS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLUS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: PLUS is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PLUS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$98.18
US$96.00
-2.2%
6.3%US$102.00US$90.00n/a2
Oct ’25US$95.38
US$96.00
+0.7%
6.3%US$102.00US$90.00n/a2
Sep ’25US$95.96
US$96.00
+0.04%
6.3%US$102.00US$90.00n/a2
Aug ’25US$87.30
US$96.00
+10.0%
6.3%US$102.00US$90.00n/a2
May ’25US$75.92
US$83.00
+9.3%
3.6%US$86.00US$80.00n/a2
Apr ’25US$76.79
US$78.00
+1.6%
10.3%US$86.00US$70.00n/a2
Mar ’25US$82.87
US$78.00
-5.9%
10.3%US$86.00US$70.00n/a2
Feb ’25US$77.41
US$79.00
+2.1%
5.1%US$83.00US$75.00n/a2
Jan ’25US$79.84
US$74.00
-7.3%
12.2%US$83.00US$65.00n/a2
Dec ’24US$65.67
US$74.00
+12.7%
12.2%US$83.00US$65.00n/a2
Nov ’24US$63.50
US$76.00
+19.7%
14.5%US$87.00US$65.00n/a2
Oct ’24US$63.52
US$76.00
+19.6%
14.5%US$87.00US$65.00US$95.382
Sep ’24US$66.51
US$76.00
+14.3%
14.5%US$87.00US$65.00US$95.962
Aug ’24US$57.36
US$64.50
+12.4%
14.7%US$74.00US$55.00US$87.302
Jul ’24US$56.30
US$64.50
+14.6%
14.7%US$74.00US$55.00US$73.642
Jun ’24US$49.18
US$64.50
+31.2%
14.7%US$74.00US$55.00US$74.842
May ’24US$44.85
US$62.50
+39.4%
12.0%US$70.00US$55.00US$75.922
Apr ’24US$49.04
US$62.50
+27.4%
12.0%US$70.00US$55.00US$76.792
Mar ’24US$54.39
US$62.50
+14.9%
12.0%US$70.00US$55.00US$82.872
Feb ’24US$51.41
US$58.00
+12.8%
13.8%US$66.00US$50.00US$77.412
Jan ’24US$44.28
US$58.00
+31.0%
13.8%US$66.00US$50.00US$79.842
Dec ’23US$49.58
US$58.00
+17.0%
13.8%US$66.00US$50.00US$65.672
Nov ’23US$49.17
US$61.50
+25.1%
18.7%US$73.00US$50.00US$63.502
Oct ’23US$41.54
US$67.50
+62.5%
8.1%US$73.00US$62.00US$63.522

Analyst Forecast: Target price is lower than the current share price.

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