Benchmark Electronics (BHE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Benchmark Electronics

NYSE•Technology•Electronic Components

$66.95+1.14(0.02%)After hours

Market Cap

$2.59B

P/E

46.3x

P/S

0.9x

P/B

2.3x

Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. It provides design and engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom test and automation equipment design services. The company also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; failure analysis; and systems assembly and test development solutions include subsystem and system-level integration, configuration, and testing for various industries, as well as in-circuit test, functional test, defect analysis, environmental stress screening, reliability testing, and custom test solutions. In addition, it provides precision metal machining, complex vertically integrated assemblies, e-beam welding, full electromechanical assembly of machined subsystems, and system integration and test services. Further, the company provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. It serves original equipment manufacturers in the advanced computing and communications, aerospace and defense, industrial, medical, and semiconductor capital equipment industries. The company markets its services and solutions primarily through a direct sales force. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Balance Sheet & Red Flags (25/25); weakest: Profitability (7/25).

Profitability7/25

Growth23/25

Balance Sheet & Red Flags25/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowRising earningsLow leverageInterest easily covered

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 46.3x5y range 23.1x – 64.3x

Currently above its 20-quarter median.

P/S · 0.9x5y range 0.5x – 1.2x

Currently above its 20-quarter median.

P/B · 2.3x5y range 1.2x – 3.1x

Price & Volume

Market Cap $2.59B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.95B
Q. Revenue: $810.90M
TTM EBITDA: $151.01M
TTM Op. Income: $102.97M
Q. Op. Income: $30.70M
TTM Net Income: $56.02M
Q. Net Income: $17.15M
EPS: $0.48
Shares Out.: $35.88M

$2.95B in TTM revenue grew 12.9% YoY, reaching $810.90M last quarter. TTM EBITDA of $151.01M and TTM operating income of $102.97M show growth is flowing through to the bottom line. TTM net income of $56.02M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 10.4%
EBITDA Margin: 5.3%
Op. Margin: 3.8%
Net Margin: 2.1%

Op. margin of 3.8% is up 0.3% YoY — cost efficiency is improving. Net margin at 2.1% and gross margin of 10.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 9% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 46.3x
P/S Ratio: 0.9x
P/B Ratio: 2.3x

At 46.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.9x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 27% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.32B
Cash: $290.66M
Long-Term Debt: $157.84M
Book Value: $1.13B
D/E Ratio: 0.1
Debt/EBITDA: 3.7

With $2.32B in assets and $157.84M in long-term debt, D/E is 0.1and book value is $1.13B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $29.91M
TTM Free Cash Flow: $116.54M
FCF Margin: 4.0%
FCF / Net Income: 2.1

TTM FCF of $116.54M on $29.91M in operating cash flow. The FCF / Net Income ratio of 2.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 51% — a weakening trend.