PLUS
ePlus inc.
PLUS's fundamentals are mixed, but it looks expensive: trading at 19x earnings, above its usual 16x. Analysts expect strong earnings growth.
PLUS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Unavailable | |
| Strong |
PLUS's profitability and balance sheet are currently healthy, and its revenue is stable. There isn't enough data to rate its cash flow.
PLUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $64.79 | -33% |
| Fair | 16x | $80.46 | -17% |
| Forward | 16x | $97.13 | — |
| Expensive | 18x | $92.10 | -5.2% |
| Current | 19x | $97.13 | — |
Historical ranges are pointers, not guarantees.
PLUS's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
PLUS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PLUS, with profitability improving.
PLUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.99 | +20% |
| Q3 2026 | $5.00 | +8.5% |
| Q2 2026 | $4.76 | +6.7% |
| Q1 2026 | $5.03 | +24% |
| Q4 2025 | $5.03 | +28% |
| Q3 2025 | $4.61 | +14% |
| Q2 2025 | $4.46 | +9.3% |
| Q1 2025 | $4.05 | -6.5% |
| Q4 2024 | $3.92 | -17% |
PLUS earned $5.00 per share over the past year, up 8.5% from the year before.
PLUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $667.9M | +9.7% |
| Q2 2026 | $649.1M | +1.9% |
| Q1 2026 | $581.6M | +17% |
| Q4 2025 | $614.8M | +20% |
| Q3 2025 | $608.8M | +18% |
| Q2 2025 | $637.3M | +17% |
| Q1 2025 | $498.1M | -10% |
| Q4 2024 | $511M | +0.4% |
PLUS's revenue has grown year over year for six quarters in a row: $668M last quarter, up 9.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.5% | +0.4 points |
| Q2 2026 | 6% | +0.3 points |
| Q1 2026 | 6.5% | -0.5 points |
| Q4 2025 | 7.1% | +1.5 points |
| Q3 2025 | 8% | -0.3 points |
| Q2 2025 | 5.7% | -0.8 points |
| Q1 2025 | 7% | +1.7 points |
| Q4 2024 | 5.6% | -1.9 points |
PLUS's operating margin was 8.5% last quarter, about level with the same quarter a year ago.
PLUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$59M | -$24.2M |
| Q2 2026 | $75.6M | +$174.6M |
| Q1 2026 | $103.8M | -36% |
| Q3 2025 | -$34.8M | -$13.1M |
| Q2 2025 | -$99M | -202% |
| Q1 2025 | $160.9M | +53% |
| Q4 2024 | $65.7M | -51% |
| Q3 2024 | -$21.6M | -169% |
PLUS usually generates cash, though not every quarter: the latest was −$59M, but it generated $86M over the past year.
PLUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -151K shares |
| 1 year | -1.9% | -495K shares |
| 3 years | -2.9% | -768K shares |
| 5 years | -3.5% | -953K shares |
| Available history | -3.2% | -845K shares |
PLUS has 26M diluted shares, down 1.9% from a year ago, with $62M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $13.1M |
| Q2 2026 | $25.5M |
| Q1 2026 | $6.3M |
| Q4 2025 | $17M |
| Q3 2025 | $4M |
| Q2 2025 | $3.3M |
| Q1 2025 | $13.5M |
| Q4 2024 | $9.9M |
PLUS spent $62M buying back its own shares over the past year, up 101% from the year before.
PLUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -2.3x | Net Cash |
| Q1 2026 | -2.1x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.8x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
PLUS has more cash than debt.
PLUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.4 | Neutral |
| Stochastic | 71.7 | Neutral |
PLUS's weekly RSI is 64 (neutral) and its Stochastic is 72 (neutral).
PLUS PE vs Technology Sector
| Metric | PLUS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 28x | 30% below |
| PE % | 90 | 35 | 55 pts above |
PLUS is trading at 19x earnings, a 30% discount to the Technology sector's median of 28x.
PLUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $93.6 | 3.8% above |
| 20 week MA | $90.9 | 6.9% above |
| 50 week MA | $86.6 | 12% above |
| 100 week MA | $78.9 | 23% above |
| 200 week MA | $74.6 | 30% above |
PLUS is in an uptrend: it's above all five of its weekly moving averages, and 30% above its 200-week average.
PLUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.2 | $43.2 | +2.4% |
| 2021 | $43.2 | $52.5 | +22% |
| 2022 | $52.5 | $43.6 | -17% |
| 2023 | $43.6 | $79.8 | +83% |
| 2024 | $79.8 | $73.5 | -7.9% |
| 2025 | $73.5 | $90.0 | +22% |
| 2026 YTD | $90.0 | $97.1 | +7.9% |
PLUS has finished higher in four of the last six years. It's up 7.9% so far in 2026.