ePlus inc. (PLUS) Financial Ratios
30 years of historical data (1996–2025) · Technology · Software - Application
EV/EBITDA
↓
11.42
↑+24% vs avg
5yr avg: 9.23
30Y Low1.8·High15.2
P/FCF
↓
7.49
↓-12% vs avg
5yr avg: 8.52
30Y Low3.2·High43.3
P/B Ratio
↓
2.27
+10% vs avg
5yr avg: 2.06
30Y Low0.5·High5.3
ROE
↓
11.5%
↑-22% vs avg
5yr avg: 14.6%
30Y Low-0%·High55%
Debt/EBITDA
↓
0.75
↓-24% vs avg
5yr avg: 0.99
30Y Low0.6·High6.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLUS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ePlus inc. trades at 20.6x earnings, 35% above its 5-year average of 15.3x, sitting at the 96th percentile of its historical range. Compared to the Technology sector median P/E of 27.4x, the stock trades at a discount of 25%. On a free-cash-flow basis, the stock trades at 7.5x P/FCF, 12% below the 5-year average of 8.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $1.6B | $2.1B | $1.3B | $1.5B | $1.3B | $840M | $1.2B | $1.1B | $947M | $591M |
| Enterprise Value | $2.0B | $1.4B | $2.0B | $1.4B | $1.5B | $1.4B | $967M | $1.3B | $1.1B | $1.0B | $666M |
| P/E Ratio → | 20.55 | 15.03 | 18.14 | 10.95 | 14.26 | 17.99 | 12.18 | 19.00 | 19.72 | 18.76 | 13.24 |
| P/S Ratio | 1.07 | 0.79 | 0.94 | 0.63 | 0.83 | 0.85 | 0.53 | 0.88 | 0.76 | 0.71 | 0.49 |
| P/B Ratio | 2.27 | 1.66 | 2.33 | 1.67 | 2.28 | 2.38 | 1.73 | 2.83 | 2.91 | 2.74 | 1.85 |
| P/FCF | 7.49 | 5.50 | 8.75 | — | — | 11.33 | — | 43.27 | 14.44 | 40.38 | — |
| P/OCF | 7.33 | 5.38 | 8.45 | — | — | 10.32 | — | 30.50 | 13.11 | 28.69 | 44.19 |
P/E links to full P/E history page with 30-year chart
PLUS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ePlus inc.'s enterprise value stands at 11.4x EBITDA, 24% above its 5-year average of 9.2x. The Technology sector median is 17.4x, placing the stock at a 34% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.89 | 0.67 | 0.84 | 0.89 | 0.61 | 0.94 | 0.80 | 0.76 | 0.55 |
| EV / EBITDA | 11.42 | 7.97 | 10.79 | 7.46 | 8.92 | 11.00 | 8.45 | 13.97 | 11.94 | 10.82 | 8.19 |
| EV / EBIT | 13.81 | 9.60 | 12.42 | 8.25 | 10.34 | 12.76 | 10.09 | 14.60 | 13.30 | 11.49 | 8.59 |
| EV / FCF | — | 4.61 | 8.28 | — | — | 11.77 | — | 46.33 | 15.05 | 42.95 | — |
PLUS Profitability
Margins and return-on-capital ratios measuring operating efficiency
ePlus inc. earns an operating margin of 6.8%. Operating margins have compressed from 8.0% to 6.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.5% is modest. ROIC of 14.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.6% | 26.6% | 24.0% | 25.0% | 25.3% | 25.1% | 23.5% | 24.1% | 22.8% | 22.5% | 21.8% |
| Operating Margin | 6.8% | 6.8% | 7.1% | 8.0% | 8.1% | 6.8% | 6.0% | 5.8% | 5.9% | 6.4% | 6.3% |
| Net Profit Margin | 5.2% | 5.2% | 5.2% | 5.8% | 5.8% | 4.7% | 4.3% | 4.6% | 3.9% | 3.8% | 3.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 13.7% | 16.5% | 17.3% | 14.2% | 15.2% | 15.9% | 15.3% | 15.2% | 15.0% |
| ROA | 6.1% | 6.1% | 7.5% | 9.2% | 9.4% | 7.5% | 8.1% | 8.2% | 7.3% | 7.4% | 7.5% |
| ROIC | 14.1% | 14.1% | 14.4% | 16.2% | 17.0% | 13.0% | 12.7% | 12.9% | 15.3% | 16.1% | 15.1% |
| ROCE | 13.6% | 13.6% | 17.1% | 21.3% | 22.3% | 18.7% | 19.4% | 18.4% | 21.9% | 24.2% | 23.1% |
PLUS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ePlus inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (74% below the sector average of 2.9x). The company holds a net cash position — cash of $389M exceeds total debt of $128M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 64.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.16 | 0.22 | 0.27 | 0.32 | 0.44 | 0.39 | 0.44 | 0.49 | 0.53 |
| Debt / EBITDA | 0.75 | 0.75 | 0.77 | 0.95 | 1.05 | 1.44 | 1.86 | 1.79 | 1.74 | 1.83 | 2.08 |
| Net Debt / Equity | — | -0.27 | -0.12 | 0.09 | 0.04 | 0.09 | 0.26 | 0.20 | 0.12 | 0.17 | 0.23 |
| Net Debt / EBITDA | -1.53 | -1.53 | -0.61 | 0.39 | 0.14 | 0.41 | 1.11 | 0.92 | 0.49 | 0.65 | 0.92 |
| Debt / FCF | — | -0.88 | -0.47 | — | — | 0.44 | — | 3.06 | 0.61 | 2.57 | — |
| Interest Coverage | 63.96 | 63.96 | 41.90 | 40.20 | 77.41 | 53.03 | 37.02 | 40.83 | 70.49 | 55.56 | 42.60 |
Net cash position: cash ($389M) exceeds total debt ($128M)
PLUS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.71x means ePlus inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.95x to 1.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.71 | 1.71 | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 | 1.70 | 1.61 | 1.59 | 1.75 |
| Quick Ratio | 1.56 | 1.56 | 1.73 | 1.52 | 1.61 | 1.54 | 1.55 | 1.55 | 1.50 | 1.34 | 1.63 |
| Cash Ratio | 0.49 | 0.49 | 0.39 | 0.18 | 0.34 | 0.28 | 0.22 | 0.24 | 0.33 | 0.29 | 0.35 |
| Asset Turnover | — | 1.10 | 1.35 | 1.46 | 1.56 | 1.46 | 1.75 | 1.75 | 1.87 | 1.79 | 1.95 |
| Inventory Turnover | 12.61 | 12.61 | 12.11 | 6.37 | 8.77 | 16.79 | 24.16 | 20.64 | 27.29 | 11.01 | 28.26 |
| Days Sales Outstanding | — | 130.55 | 130.25 | 114.64 | 108.35 | 125.42 | 110.70 | 107.69 | 94.32 | 94.08 | 100.89 |
PLUS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ePlus inc. returns 2.1% to shareholders annually primarily through share buybacks. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 0.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 6.7% | 5.5% | 9.1% | 7.0% | 5.6% | 8.2% | 5.3% | 5.1% | 5.3% | 7.6% |
| FCF Yield | 13.4% | 18.2% | 11.4% | — | — | 8.8% | — | 2.3% | 6.9% | 2.5% | — |
| Buyback Yield | 2.1% | 2.9% | 0.5% | 0.6% | 0.9% | 0.5% | 1.7% | 1.6% | 3.2% | 3.2% | 1.9% |
| Total Shareholder Yield | 2.1% | 2.9% | 0.5% | 0.6% | 0.9% | 0.5% | 1.7% | 1.6% | 3.2% | 3.2% | 1.9% |
| Shares Outstanding | — | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $28M | $28M | $29M |
Peer Comparison
Compare PLUS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PLUSYou | $2B | 20.6 | 11.4 | 7.5 | 26.6% | 6.8% | 11.5% | 14.1% | 0.8 |
 CDW | $14B | 13.5 | 10.1 | 12.9 | 21.7% | 7.4% | 43.0% | 15.4% | 3.2 |
 NSIT | $2B | 14.2 | 7.0 | 7.7 | 21.4% | 4.6% | 9.2% | 10.3% | 3.3 |
 SNX | $19B | 23.5 | 11.5 | 13.6 | 7.0% | 2.3% | 10.0% | 9.9% | 2.5 |
 AVT | $7B | 30.4 | 12.8 | 11.9 | 10.7% | 2.8% | 4.8% | 6.0% | 3.8 |
 ARW | $10B | 17.6 | 11.7 | — | 11.2% | 3.0% | 9.1% | 7.6% | 2.9 |
 CLMB | $362M | 16.9 | 8.9 | 24.8 | 16.1% | 4.5% | 20.6% | 29.7% | 0.1 |
 SCSC | $886M | 13.6 | 7.9 | 8.5 | 13.4% | 2.8% | 7.8% | 7.0% | 1.3 |
 CSCO | $363B | 35.9 | 26.2 | 27.3 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 HPE | $40B | -680.7 | 13.0 | 64.3 | 28.8% | 4.8% | 0.2% | 3.5% | 5.1 |
 DELL | $80B | — | 12.2 | — | 20.0% | 7.2% | — | 33.0% | 3.9 |
| Technology Median | — | 27.4 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonPLUS — Frequently Asked Questions
Quick answers to the most common questions about buying PLUS stock.
What is ePlus inc.'s P/E ratio?
ePlus inc.'s current P/E ratio is 20.6x. The historical average is 13.2x. This places it at the 96th percentile of its historical range.
What is ePlus inc.'s EV/EBITDA?
ePlus inc.'s current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
What is ePlus inc.'s ROE?
ePlus inc.'s return on equity (ROE) is 11.5%. The historical average is 15.6%.
Is PLUS stock overvalued?
Based on historical data, ePlus inc. is trading at a P/E of 20.6x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are ePlus inc.'s profit margins?
ePlus inc. has 26.6% gross margin and 6.8% operating margin.
How much debt does ePlus inc. have?
ePlus inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.