Plexus Corp.

NasdaqGS:PLXS Stock Report

Market Cap: US$4.5b

Plexus Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 PLXS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$12.21
Fair Value
1.3k% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: PLXS ($167.36) is trading above our estimate of fair value ($12.21)

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

Key Valuation Metric

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

Key metric: As PLXS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PLXS. This is calculated by dividing PLXS's market cap by their current earnings.
What is PLXS's PE Ratio?
PE Ratio40.5x
EarningsUS$111.82m
Market CapUS$4.53b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PLXS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.6x
SANM Sanmina
20.1x18.5%US$4.5b
TTMI TTM Technologies
38x51.5%US$2.6b
FN Fabrinet
28.4x10.5%US$8.8b
BHE Benchmark Electronics
27.7x8.8%US$1.7b
PLXS Plexus
40.5x25.8%US$4.5b

Price-To-Earnings vs Peers: PLXS is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the peer average (28.6x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
2.8xn/aUS$106.15m
DSWL Deswell Industries
3.6xn/aUS$37.61m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SMX SMX (Security Matters)
1.2xn/aUS$1.62m
PLXS 40.5xIndustry Avg. 25.9xNo. of Companies11PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PLXS is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the US Electronic industry average (25.9x).

Price to Earnings Ratio vs Fair Ratio

What is PLXS'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.

PLXS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.5x
Fair PE Ratio29.3x

Price-To-Earnings vs Fair Ratio: PLXS is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).

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 PLXS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$167.36
US$157.50
-5.9%
5.4%US$165.00US$143.00n/a4
Jan ’26US$156.48
US$153.20
-2.1%
7.5%US$165.00US$136.00n/a5
Dec ’25US$164.40
US$153.20
-6.8%
7.5%US$165.00US$136.00n/a5
Nov ’25US$147.01
US$153.20
+4.2%
7.5%US$165.00US$136.00n/a5
Oct ’25US$134.72
US$134.40
-0.2%
9.9%US$150.00US$114.00n/a5
Sep ’25US$128.11
US$133.40
+4.1%
9.2%US$145.00US$114.00n/a5
Aug ’25US$124.53
US$133.40
+7.1%
9.2%US$145.00US$114.00n/a5
Jul ’25US$102.75
US$106.80
+3.9%
11.2%US$120.00US$90.00n/a5
Jun ’25US$110.14
US$104.80
-4.8%
9.8%US$115.00US$90.00n/a5
May ’25US$102.25
US$105.48
+3.2%
9.0%US$115.00US$90.00n/a6
Apr ’25US$95.39
US$104.98
+10.1%
7.8%US$115.00US$90.00n/a6
Mar ’25US$94.89
US$104.98
+10.6%
7.8%US$115.00US$90.00n/a6
Feb ’25US$97.45
US$104.98
+7.7%
7.8%US$115.00US$90.00n/a6
Jan ’25US$108.13
US$108.00
-0.1%
8.5%US$115.00US$90.00US$156.485
Dec ’24US$103.16
US$108.00
+4.7%
8.5%US$115.00US$90.00US$164.405
Nov ’24US$98.64
US$109.64
+11.1%
8.3%US$117.81US$90.00US$147.016
Oct ’24US$92.98
US$108.64
+16.8%
8.3%US$117.81US$90.00US$134.726
Sep ’24US$101.80
US$108.64
+6.7%
8.3%US$117.81US$90.00US$128.116
Aug ’24US$98.04
US$108.64
+10.8%
8.3%US$117.81US$90.00US$124.536
Jul ’24US$98.24
US$104.12
+6.0%
10.7%US$117.81US$86.00US$102.757
Jun ’24US$90.41
US$104.12
+15.2%
10.7%US$117.81US$86.00US$110.147
May ’24US$88.50
US$101.83
+15.1%
10.2%US$115.00US$86.00US$102.256
Apr ’24US$97.57
US$105.83
+8.5%
9.7%US$116.00US$86.00US$95.396
Mar ’24US$96.62
US$105.83
+9.5%
9.7%US$116.00US$86.00US$94.896
Feb ’24US$99.93
US$105.83
+5.9%
9.7%US$116.00US$86.00US$97.456
Jan ’24US$102.93
US$107.17
+4.1%
8.7%US$116.00US$90.00US$108.136
Analyst Price Target
Consensus Narrative from 4 Analysts
US$157.50
Fair Value
6.3% overvalued intrinsic discount
4
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 06:40
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/28
Annual Earnings2024/09/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Plexus Corp. is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Reik ReadBaird
Ishan MajumdarBaptista Research
David WilliamsBenchmark Company