ePlus inc. (PLUS) Financial Ratios
30 years of historical data (1997–2026) · Technology · Software - Application
EV/EBITDA
↓
9.01
+4% vs avg
5yr avg: 8.67
30Y Low1.8·High15.2
P/FCF
↓
N/A
—
5yr avg: 7.12
30Y Low3.2·High43.3
P/B Ratio
↓
2.02
+3% vs avg
5yr avg: 1.96
30Y Low0.5·High5.3
ROE
↓
12.6%
-12% vs avg
5yr avg: 14.3%
30Y Low-0%·High32%
Debt/EBITDA
↓
0.08
↓-88% vs avg
5yr avg: 0.72
30Y Low0.1·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 16.3x earnings, 11% above its 5-year average of 14.7x, sitting at the 76th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 44%.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $2.0B | $1.6B | $2.1B | $1.3B | $1.5B | $1.3B | $840M | $1.2B | $1.1B | $947M |
| Enterprise Value | $1.7B | $1.6B | $1.4B | $2.0B | $1.4B | $1.5B | $1.4B | $967M | $1.3B | $1.1B | $1.0B |
| P/E Ratio → | 16.27 | 14.96 | 15.03 | 18.14 | 10.95 | 14.26 | 17.99 | 12.18 | 19.00 | 19.72 | 18.76 |
| P/S Ratio | 0.88 | 0.81 | 0.79 | 0.94 | 0.63 | 0.83 | 0.85 | 0.53 | 0.88 | 0.76 | 0.71 |
| P/B Ratio | 2.02 | 1.86 | 1.66 | 2.33 | 1.67 | 2.28 | 2.38 | 1.73 | 2.83 | 2.91 | 2.74 |
| P/FCF | — | — | 5.50 | 8.75 | — | — | 11.33 | — | 43.27 | 14.44 | 40.38 |
| P/OCF | — | — | 5.38 | 8.45 | — | — | 10.32 | — | 30.50 | 13.11 | 28.69 |
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 9.0x EBITDA, roughly in line with its 5-year average of 8.7x. The Technology sector median is 16.7x, placing the stock at a 46% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.65 | 0.66 | 0.89 | 0.67 | 0.84 | 0.89 | 0.61 | 0.94 | 0.80 | 0.76 |
| EV / EBITDA | 9.01 | 8.21 | 7.97 | 10.79 | 7.46 | 8.92 | 11.00 | 8.45 | 13.97 | 11.94 | 10.82 |
| EV / EBIT | 10.51 | 9.57 | 9.60 | 12.42 | 8.25 | 10.34 | 12.76 | 10.09 | 14.60 | 13.30 | 11.49 |
| 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%. ROE of 12.6% is modest. ROIC of 17.9% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.1% | 24.1% | 26.6% | 24.0% | 25.0% | 25.3% | 25.1% | 23.5% | 24.1% | 22.8% | 22.5% |
| Operating Margin | 6.8% | 6.8% | 6.8% | 7.1% | 8.0% | 8.1% | 6.8% | 6.0% | 5.8% | 5.9% | 6.4% |
| Net Profit Margin | 5.3% | 5.3% | 5.2% | 5.2% | 5.8% | 5.8% | 4.7% | 4.3% | 4.6% | 3.9% | 3.8% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.6% | 12.6% | 11.5% | 13.7% | 16.5% | 17.3% | 14.2% | 15.2% | 15.9% | 15.3% | 15.2% |
| ROA | 7.0% | 7.0% | 6.1% | 7.5% | 9.2% | 9.4% | 7.5% | 8.1% | 8.2% | 7.3% | 7.4% |
| ROIC | 17.9% | 17.9% | 14.1% | 14.4% | 16.2% | 17.0% | 13.0% | 12.7% | 12.9% | 15.3% | 16.1% |
| ROCE | 14.7% | 14.7% | 13.6% | 17.1% | 21.3% | 22.3% | 18.7% | 19.4% | 18.4% | 21.9% | 24.2% |
PLUS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ePlus inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 2.9x). The company holds a net cash position — cash of $411M exceeds total debt of $16M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.13 | 0.16 | 0.22 | 0.27 | 0.32 | 0.44 | 0.39 | 0.44 | 0.49 |
| Debt / EBITDA | 0.08 | 0.08 | 0.75 | 0.77 | 0.95 | 1.05 | 1.44 | 1.86 | 1.79 | 1.74 | 1.83 |
| Net Debt / Equity | — | -0.37 | -0.27 | -0.12 | 0.09 | 0.04 | 0.09 | 0.26 | 0.20 | 0.12 | 0.17 |
| Net Debt / EBITDA | -2.04 | -2.04 | -1.53 | -0.61 | 0.39 | 0.14 | 0.41 | 1.11 | 0.92 | 0.49 | 0.65 |
| Debt / FCF | — | — | -0.88 | -0.47 | — | — | 0.44 | — | 3.06 | 0.61 | 2.57 |
| Interest Coverage | — | — | 64.27 | 42.35 | 40.43 | 77.74 | 54.29 | 37.24 | 45.27 | 71.20 | 56.81 |
Net cash position: cash ($411M) exceeds total debt ($16M)
PLUS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
ePlus inc.'s current ratio of 2.12x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.80x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.94x to 2.12x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.12 | 2.12 | 1.71 | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 | 1.70 | 1.61 | 1.59 |
| Quick Ratio | 1.80 | 1.80 | 1.56 | 1.73 | 1.52 | 1.61 | 1.54 | 1.55 | 1.55 | 1.50 | 1.34 |
| Cash Ratio | 0.64 | 0.64 | 0.49 | 0.39 | 0.18 | 0.34 | 0.28 | 0.22 | 0.24 | 0.33 | 0.29 |
| Asset Turnover | — | 1.35 | 1.10 | 1.35 | 1.46 | 1.56 | 1.46 | 1.75 | 1.75 | 1.87 | 1.79 |
| Inventory Turnover | 9.22 | 9.22 | 12.61 | 12.11 | 6.37 | 8.77 | 16.79 | 24.16 | 20.64 | 27.29 | 11.01 |
| Days Sales Outstanding | — | 105.61 | 130.55 | 130.25 | 114.64 | 108.35 | 125.42 | 110.70 | 107.69 | 94.32 | 94.08 |
PLUS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ePlus inc. returns 2.3% to shareholders annually — split between a 0.9% dividend yield and 1.4% buyback yield. The payout ratio of 15.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.1% (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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 1.0% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 15.3% | 15.3% | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 6.7% | 6.7% | 5.5% | 9.1% | 7.0% | 5.6% | 8.2% | 5.3% | 5.1% | 5.3% |
| FCF Yield | — | — | 18.2% | 11.4% | — | — | 8.8% | — | 2.3% | 6.9% | 2.5% |
| Buyback Yield | 1.4% | 1.5% | 2.9% | 0.5% | 0.6% | 0.9% | 0.5% | 1.7% | 1.6% | 3.2% | 3.2% |
| Total Shareholder Yield | 2.3% | 2.5% | 2.9% | 0.5% | 0.6% | 0.9% | 0.5% | 1.7% | 1.6% | 3.2% | 3.2% |
| Shares Outstanding | — | $26M | $27M | $27M | $27M | $27M | $27M | $27M | $27M | $28M | $28M |
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 | 16.3 | 9.0 | — | 24.1% | 6.8% | 12.6% | 17.9% | 0.1 |
 CDW | $16B | 15.9 | 11.3 | 15.1 | 21.7% | 7.4% | 43.0% | 15.4% | 3.2 |
 NSIT | $3B | 22.3 | 9.3 | 11.7 | 21.4% | 4.6% | 9.2% | 10.3% | 3.3 |
 SNX | $23B | 28.6 | 13.7 | 16.5 | 7.0% | 2.3% | 10.0% | 9.9% | 2.5 |
 AVT | $7B | 33.3 | 13.6 | 13.0 | 10.7% | 2.8% | 4.8% | 6.0% | 3.8 |
 ARW | $12B | 21.3 | 13.6 | — | 11.2% | 3.0% | 9.1% | 7.6% | 2.9 |
 CLMB | $419M | 19.6 | 10.5 | 28.7 | 16.1% | 4.5% | 20.6% | 29.7% | 0.1 |
 SCSC | $1B | 16.5 | 8.9 | 9.7 | 13.4% | 2.8% | 7.8% | 7.0% | 1.3 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 HPE | $63B | -1063.0 | 18.5 | 100.1 | 28.8% | 4.8% | 0.2% | 3.4% | 5.5 |
 DELL | $272B | 47.2 | 25.5 | 31.8 | 20.0% | 7.4% | — | 34.2% | 2.7 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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PLUS — 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 16.3x. The historical average is 13.3x. This places it at the 76th percentile of its historical range.
What is ePlus inc.'s EV/EBITDA?
ePlus inc.'s current EV/EBITDA is 9.0x. 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 12.6%. The historical average is 14.2%.
Is PLUS stock overvalued?
Based on historical data, ePlus inc. is trading at a P/E of 16.3x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ePlus inc.'s dividend yield?
ePlus inc.'s current dividend yield is 0.91% with a payout ratio of 15.3%.
What are ePlus inc.'s profit margins?
ePlus inc. has 24.1% gross margin and 6.8% operating margin.
How much debt does ePlus inc. have?
ePlus inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.