Plexus Corp. (PLXS) Financial Ratios
30 years of historical data (1996–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
24.87
↑+100% vs avg
5yr avg: 12.42
30Y Low6.2·High41.6
P/FCF
↓
46.11
↑+67% vs avg
5yr avg: 27.56
30Y Low3.9·High113.7
P/B Ratio
↑
5.03
↑+100% vs avg
5yr avg: 2.52
30Y Low0.9·High16.2
ROE
↓
12.4%
↓+3% vs avg
5yr avg: 12.0%
30Y Low-17%·High33%
Debt/EBITDA
↓
0.63
↓-54% vs avg
5yr avg: 1.36
30Y Low0.0·High2.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLXS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Plexus Corp. trades at 42.3x earnings, 88% above its 5-year average of 22.6x, sitting at the 85th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 56%. On a free-cash-flow basis, the stock trades at 46.1x P/FCF, 67% above the 5-year average of 27.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.1B | $4.0B | $3.8B | $2.6B | $2.5B | $2.7B | $2.1B | $1.9B | $2.0B | $1.9B | $1.6B |
| Enterprise Value | $7.0B | $3.8B | $3.7B | $2.8B | $2.7B | $2.7B | $2.1B | $2.0B | $1.9B | $1.7B | $1.4B |
| P/E Ratio → | 42.34 | 22.89 | 34.02 | 18.78 | 18.02 | 19.13 | 18.05 | 17.86 | 153.97 | 17.31 | 20.88 |
| P/S Ratio | 1.76 | 0.98 | 0.96 | 0.62 | 0.65 | 0.79 | 0.63 | 0.61 | 0.69 | 0.77 | 0.62 |
| P/B Ratio | 5.03 | 2.72 | 2.87 | 2.15 | 2.27 | 2.58 | 2.17 | 2.24 | 2.15 | 1.89 | 1.74 |
| P/FCF | 46.11 | 25.70 | 11.16 | 42.32 | — | 31.08 | 13.24 | 78.64 | 489.90 | 14.55 | 16.51 |
| P/OCF | 28.49 | 15.88 | 8.72 | 15.76 | — | 18.63 | 10.09 | 16.85 | 29.70 | 11.28 | 12.49 |
P/E links to full P/E history page with 30-year chart
PLXS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Plexus Corp.'s enterprise value stands at 24.9x EBITDA, 100% above its 5-year average of 12.4x. The Technology sector median is 17.3x, placing the stock at a 44% premium 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 | — | 0.95 | 0.94 | 0.67 | 0.71 | 0.79 | 0.62 | 0.63 | 0.65 | 0.67 | 0.56 |
| EV / EBITDA | 24.87 | 13.65 | 15.24 | 10.65 | 11.25 | 11.28 | 10.04 | 10.33 | 11.26 | 9.60 | 9.70 |
| EV / EBIT | 34.43 | 19.16 | 23.62 | 14.68 | 15.56 | 15.33 | 13.91 | 14.46 | 15.65 | 12.42 | 13.96 |
| EV / FCF | — | 24.84 | 10.96 | 45.77 | — | 31.33 | 13.15 | 81.24 | 463.08 | 12.63 | 14.75 |
PLXS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Plexus Corp. earns an operating margin of 5.0%. ROE of 12.4% is modest. ROIC of 11.8% 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 | 10.1% | 10.1% | 9.6% | 9.4% | 9.1% | 9.6% | 9.2% | 9.2% | 9.0% | 10.1% | 8.9% |
| Operating Margin | 5.0% | 5.0% | 4.2% | 4.7% | 4.7% | 5.2% | 4.5% | 4.5% | 4.1% | 5.1% | 3.9% |
| Net Profit Margin | 4.3% | 4.3% | 2.8% | 3.3% | 3.6% | 4.1% | 3.5% | 3.4% | 0.5% | 4.4% | 3.0% |
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 | 12.4% | 12.4% | 8.8% | 12.0% | 13.0% | 13.9% | 12.7% | 12.2% | 1.3% | 11.5% | 8.7% |
| ROA | 5.5% | 5.5% | 3.5% | 4.1% | 4.7% | 5.8% | 5.5% | 5.5% | 0.7% | 6.0% | 4.4% |
| ROIC | 11.8% | 11.8% | 9.4% | 10.7% | 11.3% | 13.1% | 12.2% | 12.2% | 11.2% | 12.8% | 10.0% |
| ROCE | 12.9% | 12.9% | 11.1% | 13.5% | 13.1% | 13.5% | 12.7% | 12.2% | 10.5% | 11.9% | 8.9% |
PLXS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Plexus Corp. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (78% below the sector average of 2.9x). The company holds a net cash position — cash of $307M exceeds total debt of $175M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 17.2x 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 | 0.12 | 0.12 | 0.21 | 0.39 | 0.45 | 0.28 | 0.38 | 0.33 | 0.20 | 0.31 | 0.29 |
| Debt / EBITDA | 0.63 | 0.63 | 1.14 | 1.77 | 2.06 | 1.23 | 1.77 | 1.48 | 1.13 | 1.79 | 1.79 |
| Net Debt / Equity | — | -0.09 | -0.05 | 0.18 | 0.20 | 0.02 | -0.01 | 0.07 | -0.12 | -0.25 | -0.19 |
| Net Debt / EBITDA | -0.47 | -0.47 | -0.27 | 0.80 | 0.92 | 0.09 | -0.07 | 0.33 | -0.65 | -1.46 | -1.16 |
| Debt / FCF | — | -0.85 | -0.19 | 3.45 | — | 0.25 | -0.09 | 2.60 | -26.82 | -1.92 | -1.76 |
| Interest Coverage | 17.20 | 17.20 | 5.49 | 6.10 | 10.98 | 12.25 | 9.38 | 10.80 | 9.80 | 9.97 | 6.97 |
Net cash position: cash ($307M) exceeds total debt ($175M)
PLXS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means Plexus Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.77x 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 1.47x to 1.58x 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 | 1.58 | 1.58 | 1.51 | 1.47 | 1.40 | 1.71 | 1.77 | 1.78 | 2.06 | 1.78 | 2.20 |
| Quick Ratio | 0.77 | 0.77 | 0.71 | 0.61 | 0.60 | 0.85 | 1.01 | 0.97 | 0.98 | 1.06 | 1.34 |
| Cash Ratio | 0.20 | 0.20 | 0.21 | 0.14 | 0.14 | 0.24 | 0.38 | 0.26 | 0.40 | 0.63 | 0.67 |
| Asset Turnover | — | 1.29 | 1.26 | 1.27 | 1.12 | 1.37 | 1.48 | 1.58 | 1.49 | 1.28 | 1.45 |
| Inventory Turnover | 2.95 | 2.95 | 2.73 | 2.44 | 2.16 | 3.13 | 4.03 | 4.10 | 3.29 | 3.47 | 4.13 |
| Days Sales Outstanding | — | 73.06 | 68.46 | 69.69 | 83.91 | 68.80 | 64.17 | 66.80 | 50.15 | 52.77 | 59.53 |
PLXS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Plexus Corp. returns 0.9% to shareholders annually primarily through share buybacks. The earnings yield of 2.4% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 2.4% | 4.4% | 2.9% | 5.3% | 5.6% | 5.2% | 5.5% | 5.6% | 0.6% | 5.8% | 4.8% |
| FCF Yield | 2.2% | 3.9% | 9.0% | 2.4% | — | 3.2% | 7.6% | 1.3% | 0.2% | 6.9% | 6.1% |
| Buyback Yield | 0.9% | 1.7% | 1.5% | 1.6% | 2.0% | 4.1% | 2.0% | 9.4% | 6.9% | 1.8% | 1.9% |
| Total Shareholder Yield | 0.9% | 1.7% | 1.5% | 1.6% | 2.0% | 4.1% | 2.0% | 9.4% | 6.9% | 1.8% | 1.9% |
| Shares Outstanding | — | $28M | $28M | $28M | $28M | $29M | $30M | $31M | $34M | $35M | $34M |
Peer Comparison
Compare PLXS 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 |
|---|---|---|---|---|---|---|---|---|---|
 PLXSYou | $7B | 42.3 | 24.9 | 46.1 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 |
 JBL | $40B | 62.9 | 22.3 | 34.1 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 |
 CLS | $48B | 56.8 | 37.8 | 102.0 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 BHE | $3B | 127.4 | 21.0 | 36.4 | 10.0% | 4.0% | 2.2% | 6.7% | 2.7 |
 SANM | $13B | 53.5 | 26.3 | 27.5 | 8.8% | 4.4% | 10.0% | 13.0% | 0.8 |
 FLEX | $51B | 63.9 | 30.9 | 47.7 | 8.4% | 4.5% | 16.2% | 13.0% | 2.4 |
 VICR | $13B | 107.4 | 212.7 | 106.0 | 52.6% | 9.0% | 18.5% | 8.9% | 0.2 |
 SMTC | $11B | -52.8 | 102.7 | 251.4 | 50.1% | 6.8% | -137.7% | 4.9% | 5.0 |
 AAON | $8B | 76.2 | 37.6 | — | 26.7% | 10.1% | 12.5% | 9.4% | 1.9 |
 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 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 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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Start ComparisonPLXS — Frequently Asked Questions
Quick answers to the most common questions about buying PLXS stock.
What is Plexus Corp.'s P/E ratio?
Plexus Corp.'s current P/E ratio is 42.3x. The historical average is 28.8x. This places it at the 85th percentile of its historical range.
What is Plexus Corp.'s EV/EBITDA?
Plexus Corp.'s current EV/EBITDA is 24.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
What is Plexus Corp.'s ROE?
Plexus Corp.'s return on equity (ROE) is 12.4%. The historical average is 11.3%.
Is PLXS stock overvalued?
Based on historical data, Plexus Corp. is trading at a P/E of 42.3x. This is at the 85th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Plexus Corp.'s profit margins?
Plexus Corp. has 10.1% gross margin and 5.0% operating margin.
How much debt does Plexus Corp. have?
Plexus Corp.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.