ePlus (PLUS) Stock Fundamentals, Analysis & Risk Signals

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

ePlus

NasdaqGS•Technology•Software - Application

$91.10-0.94(-0.01%)Market closed

Market Cap

$2.36B

P/E

18.9x

P/S

1.0x

P/B

2.2x

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize IT environment and supply chain processes in the United States and internationally. The company operates through three segments: Product Services, Professional Services, and Managed Services segments. It sells third-party hardware, perpetual and subscription software, and maintenance; and software assurance and other third-party services as well as offers internet-based business-to-business supply chain management solutions for IT products. The company also offers professional services, such as staff augmentation, project management, cloud consulting, Al advisory, consulting, security and collaboration solution, warehouse, configuration, and logistic service, as well as in the spaces of digital signage, EV charging solution, loss prevention and security, store opening, remodel, and store closing; and managed services comprising enhanced maintenance support or ePlus Lifecycle-Services Support, service desk, storage-as-a-service, azure recover, cloud managed, and managed security service, as well as managed service for infrastructure and cloud. It serves telecommunications, media and entertainment, technology, state and local government, educational institutions, healthcare, and financial services. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Growth (23/25); weakest: Cash & Earnings Quality (10/25).

Profitability11/25

Growth23/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality10/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

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

P/E · 18.9x5y range 10.6x – 24.2x

Currently above its 20-quarter median.

P/S · 1.0x5y range 0.6x – 1.3x

Currently near its 20-quarter median.

P/B · 2.2x5y range 1.6x – 2.8x

Watch items

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

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $2.36B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $2.45B
Q. Revenue: $649.11M
TTM EBITDA: $194.13M
TTM Op. Income: $168.78M
Q. Op. Income: $38.83M
TTM Net Income: $125.22M
Q. Net Income: $30.28M
EPS: $1.17
Shares Out.: $25.94M

$2.45B in TTM revenue grew 17.7% YoY, reaching $649.11M last quarter. TTM EBITDA of $194.13M and TTM operating income of $168.78M show growth is flowing through to the bottom line. TTM net income of $125.22M 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: 23.3%
EBITDA Margin: 6.9%
Op. Margin: 6.0%
Net Margin: 4.7%

Op. margin of 6.0% is up 0.3% YoY — cost efficiency is improving. Net margin at 4.7% and gross margin of 23.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

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

P/E Ratio: 18.9x
P/S Ratio: 1.0x
P/B Ratio: 2.2x

At 18.9x P/E, the stock trades within typical market levels. P/S of 1.0x and P/B of 2.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 18% — a weakening trend.

Assets & Liabilities

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

Total Assets: $1.87B
Cash: $448.85M
Long-Term Debt: N/A
Book Value: $1.07B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

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

Op. Cash Flow: $76.48M
TTM Free Cash Flow: $54.77M
FCF Margin: 2.2%
FCF / Net Income: 0.4

TTM FCF of $54.77M on $76.48M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 46% — an improving trend.