Preformed Line Products (PLPC) Stock Fundamentals, Analysis & Risk Signals

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

Preformed Line Products

NasdaqGS•Industrials•Electrical Equipment & Parts

$320.01-28.80(-0.08%)Pre-market

Market Cap

$1.40B

P/E

24.0x

P/S

1.8x

P/B

2.7x

Preformed Line Products Company designs and manufactures products and systems employed in the construction and maintenance of overhead, ground-mounted, and underground networks in the United States, the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers energy products for supporting, protecting, terminating, and splicing transmission, and distribution lines, as well as bolted, welded, and compressed connectors for substations; optical ground wire and all dielectric self-supporting fiber optic cables; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices like spacer dampers. It also provides communications products, such as rugged outside plant closures to protect and support wireline and wireless networks; demarcation related products, including wall boxes, pre-terminated cabinets, wall plates, and passive components; and formed wire products, utility pole line hardware, motion control products, and cable storage devices. In addition, the company offers special industries products comprising hardware assemblies, pole line hardware, plastic products, cable dynamics/vibration solutions, interior/exterior connectors, tools, and urethane solutions; drone inspection services for transmission and distribution power lines, substations, generation facilities, and communications assets; mounting solutions for photovoltaic solar, commercial, industrial, utility, and residential applications; and EV charging station foundations. It serves public and private energy utilities, and communication companies; cable operators, contractors, and subcontractors; and distributors and value-added resellers through a direct sales force and manufacturing representatives. Preformed Line Products Company was incorporated in 1947 and is headquartered in Mayfield, Ohio.

How this company scores

GoodMetricSide Score: 73/100

Strongest: Growth (23/25); weakest: Cash & Earnings Quality (16/25).

Profitability18/25

Growth23/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality16/25

Strengths

Growing revenueRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

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

P/E · 24.0x5y range 6.6x – 44.8x

Currently above its 20-quarter median.

P/S · 1.8x5y range 0.5x – 2.6x

Currently above its 20-quarter median.

P/B · 2.7x5y range 0.9x – 3.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 37.6% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $1.40B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $771.57M
Q. Revenue: $209.50M
TTM EBITDA: $102.69M
TTM Op. Income: $78.26M
Q. Op. Income: $24.90M
TTM Net Income: $58.50M
Q. Net Income: $18.04M
EPS: $3.58
Shares Out.: $5.03M

$771.57M in TTM revenue grew 16.3% YoY, reaching $209.50M last quarter. TTM EBITDA of $102.69M and TTM operating income of $78.26M show growth is flowing through to the bottom line. TTM net income of $58.50M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 33.4%
EBITDA Margin: 14.8%
Op. Margin: 11.9%
Net Margin: 8.6%

Op. margin of 11.9% is up 4.5% YoY — cost efficiency is improving. Net margin at 8.6% and gross margin of 33.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 61% — a weakening trend.

Price Ratios

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

P/E Ratio: 24.0x
P/S Ratio: 1.8x
P/B Ratio: 2.7x

At 24.0x P/E, the stock trades within typical market levels. P/S of 1.8x and P/B of 2.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 7% — an improving trend.

Assets & Liabilities

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

Total Assets: $742.30M
Cash: $99.27M
Long-Term Debt: $47.42M
Book Value: $512.60M
D/E Ratio: 0.1
Debt/EBITDA: 1.5

With $742.30M in assets and $47.42M in long-term debt, D/E is 0.1and book value is $512.60M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 38% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $36.83M
TTM Free Cash Flow: $36.23M
FCF Margin: 4.7%
FCF / Net Income: 0.6

TTM FCF of $36.23M on $36.83M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 14% — an improving trend.