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ePlus inc.NasdaqGS:PLUS Stock Report

Market Cap US$2.2b
Share Price
US$83.10
US$115
27.7% undervalued intrinsic discount
1Y25.7%
7D-6.6%
Portfolio Value
View

ePlus inc.

NasdaqGS:PLUS Stock Report

Market Cap: US$2.2b

ePlus (PLUS) Stock Overview

Provides information technology (IT) solutions that enable organizations to optimize IT environment and supply chain processes in the United States and internationally. More details

PLUS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends1/6

PLUS Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

ePlus inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ePlus
Historical stock prices
Current Share PriceUS$83.10
52 Week HighUS$93.98
52 Week LowUS$62.11
Beta1.04
1 Month Change-2.43%
3 Month Change0.84%
1 Year Change25.72%
3 Year Change79.56%
5 Year Change74.98%
Change since IPO3,398.95%

Recent News & Updates

Narrative Update May 08

PLUS: Memory Optimization Efforts Will Drive Future Upside Potential

Analysts have nudged their price target on ePlus to $115, reflecting updated assumptions around the company’s discount rate and future P/E, while keeping fair value broadly aligned with prior estimates. What's in the News ePlus launched a Memory Optimization and Reclamation Assessment designed to help organizations evaluate workloads, identify overprovisioned or idle resources, and right-size existing memory capacity as supply chain challenges affect access to memory chips.
Narrative Update Apr 17

PLUS: Memory Optimization Initiatives And Buybacks Will Drive Future Upside Potential

Analysts have maintained their fair value estimate for ePlus at $115, making only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, which together support an unchanged overall price target. What's in the News ePlus launched a Memory Optimization and Reclamation Assessment to help organizations evaluate workloads, reclaim idle or over-provisioned memory, and right size existing capacity amid reported supply constraints and price pressure in the broader memory market driven by AI infrastructure demand (Key Developments).
Narrative Update Apr 03

PLUS: Raised Guidance And Buybacks Will Drive Future Upside Potential

Analysts now set their price target for ePlus at $115, down from $126. This reflects updated assumptions for slightly lower revenue growth and profit margins, along with a modestly higher future P/E multiple.
Narrative Update Mar 18

PLUS: Raised Guidance And Buybacks Will Support Future Upside Potential

Analysts have kept their fair value estimate for ePlus steady at $126. This is supported by largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E, leading to no shift in the overall price target narrative.

Recent updates

Narrative Update May 08

PLUS: Memory Optimization Efforts Will Drive Future Upside Potential

Analysts have nudged their price target on ePlus to $115, reflecting updated assumptions around the company’s discount rate and future P/E, while keeping fair value broadly aligned with prior estimates. What's in the News ePlus launched a Memory Optimization and Reclamation Assessment designed to help organizations evaluate workloads, identify overprovisioned or idle resources, and right-size existing memory capacity as supply chain challenges affect access to memory chips.
Narrative Update Apr 17

PLUS: Memory Optimization Initiatives And Buybacks Will Drive Future Upside Potential

Analysts have maintained their fair value estimate for ePlus at $115, making only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, which together support an unchanged overall price target. What's in the News ePlus launched a Memory Optimization and Reclamation Assessment to help organizations evaluate workloads, reclaim idle or over-provisioned memory, and right size existing capacity amid reported supply constraints and price pressure in the broader memory market driven by AI infrastructure demand (Key Developments).
Narrative Update Apr 03

PLUS: Raised Guidance And Buybacks Will Drive Future Upside Potential

Analysts now set their price target for ePlus at $115, down from $126. This reflects updated assumptions for slightly lower revenue growth and profit margins, along with a modestly higher future P/E multiple.
Narrative Update Mar 18

PLUS: Raised Guidance And Buybacks Will Support Future Upside Potential

Analysts have kept their fair value estimate for ePlus steady at $126. This is supported by largely unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E, leading to no shift in the overall price target narrative.
Narrative Update Mar 04

PLUS: Raised Guidance And Buybacks Will Support Future Earnings Upside

Analysts have maintained their fair value estimate for ePlus at $126.00, making only marginal adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. This indicates that their overall view on the stock’s potential remains broadly unchanged.
Narrative Update Feb 17

PLUS: Raised Guidance And Buybacks Will Support Higher Margins And Returns

Analysts have raised their price target for ePlus from $108 to $126, citing updated assumptions for revenue growth, profit margins, and a lower assumed future P/E multiple as the key drivers of the change. What's in the News From October 1, 2025 to December 31, 2025, ePlus repurchased 212,900 shares, representing 0.81% of outstanding shares, for a total of US$16.61 million under its existing buyback program (company disclosure).
Narrative Update Feb 03

PLUS: Raised Guidance And Buybacks Will Support Margin Upside Ahead

Analysts held their fair value estimate for ePlus at $108, with only minimal tweaks to assumptions such as discount rate, revenue growth, profit margin, and future P/E. This reflects a view that the stock's overall valuation framework remains broadly consistent with prior expectations.
Seeking Alpha Dec 31

ePlus Rises On Sales Growth, But Cash Flow Still Under Watch (Downgrade)

Summary ePlus inc.'s delivered strong growth across sales, billings, EBITDA, and net income in Q2 FY26 with gross billings crossing $1 billion for the first time, confirming scale momentum. ePlus' headline profitability looks strong, but cash generation lags due to working capital build, because accounts receivable and inventory has tied up significant cash since FY26 began. Narrowing the cash conversion cycle remains the key operational variable and will be the litmus test in FY26. PLUS stock valuation remains attractive despite the ~30% rally since last coverage. Read the full article on Seeking Alpha
Narrative Update Nov 23

PLUS: Expanded Service Support Will Drive Margin Upside In Coming Years

Narrative Update: ePlus Analyst Price Target Revised Analysts have maintained the fair value estimate for ePlus at $108.00. Improved profit margin projections have balanced out a somewhat lower forward price-to-earnings ratio in their updated assessment.
Analysis Article Nov 11

ePlus inc.'s (NASDAQ:PLUS) 27% Price Boost Is Out Of Tune With Earnings

ePlus inc. ( NASDAQ:PLUS ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. The...
Narrative Update Nov 08

PLUS: Accelerating Managed Services Expansion Will Strengthen Margins And Drive Upside

Analysts have raised their price target for ePlus from $92 to $108. They cite improved revenue growth expectations, higher projected profit margins, and a slightly lower future price-to-earnings ratio as key factors behind the increase.
Analysis Article Jul 30

Unpleasant Surprises Could Be In Store For ePlus inc.'s (NASDAQ:PLUS) Shares

There wouldn't be many who think ePlus inc.'s ( NASDAQ:PLUS ) price-to-earnings (or "P/E") ratio of 16.7x is worth a...
Analysis Article Jul 12

ePlus (NASDAQ:PLUS) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article May 29

Investors Can Find Comfort In ePlus' (NASDAQ:PLUS) Earnings Quality

ePlus inc.'s ( NASDAQ:PLUS ) stock was strong despite it releasing a soft earnings report last week. Our analysis...
Analysis Article May 14

At US$66.90, Is It Time To Put ePlus inc. (NASDAQ:PLUS) On Your Watch List?

ePlus inc. ( NASDAQ:PLUS ), might not be a large cap stock, but it saw a significant share price rise of 22% in the...
Analysis Article Apr 24

Risks To Shareholder Returns Are Elevated At These Prices For ePlus inc. (NASDAQ:PLUS)

There wouldn't be many who think ePlus inc.'s ( NASDAQ:PLUS ) price-to-earnings (or "P/E") ratio of 15.3x is worth a...
Analysis Article Apr 04

Returns On Capital Signal Tricky Times Ahead For ePlus (NASDAQ:PLUS)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article Jan 29

ePlus (NASDAQ:PLUS) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article Jan 09

Shareholders Should Be Pleased With ePlus inc.'s (NASDAQ:PLUS) Price

It's not a stretch to say that ePlus inc.'s ( NASDAQ:PLUS ) price-to-earnings (or "P/E") ratio of 18.7x right now seems...
Analysis Article Dec 20

There Are Reasons To Feel Uneasy About ePlus' (NASDAQ:PLUS) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article Dec 02

Is Now An Opportune Moment To Examine ePlus inc. (NASDAQ:PLUS)?

ePlus inc. ( NASDAQ:PLUS ), is not the largest company out there, but it received a lot of attention from a substantial...
Analysis Article Nov 01

A Look At The Fair Value Of ePlus inc. (NASDAQ:PLUS)

Key Insights Using the 2 Stage Free Cash Flow to Equity, ePlus fair value estimate is US$91.64 Current share price of...
Analysis Article Sep 27

ePlus inc.'s (NASDAQ:PLUS) P/E Is On The Mark

With a price-to-earnings (or "P/E") ratio of 23.9x ePlus inc. ( NASDAQ:PLUS ) may be sending bearish signals at the...
Analysis Article Sep 12

Is ePlus (NASDAQ:PLUS) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
User avatar
New Narrative Sep 10

Leveraging AI And Cloud For Sustainable Growth Amidst Financial Flourishing

Shift towards predictable revenue through managed/professional services and strategic investments in AI and cloud technology enhances market position.
Seeking Alpha Aug 19

ePlus Is Not Undervalued And Faces Uncertainties

Summary ePlus Inc. is an IT solutions provider serving both businesses and government agencies. ePlus is currently experiencing negative revenue growth. Profit margins are slowly declining. The current valuation of ePlus is near its all-time high. Read the full article on Seeking Alpha
Analysis Article Aug 15

Investors Can Find Comfort In ePlus' (NASDAQ:PLUS) Earnings Quality

The market was pleased with the recent earnings report from ePlus inc. ( NASDAQ:PLUS ), despite the profit numbers...
Analysis Article Aug 09

ePlus inc. (NASDAQ:PLUS) Analysts Are Pretty Bullish On The Stock After Recent Results

The first-quarter results for ePlus inc. ( NASDAQ:PLUS ) were released last week, making it a good time to revisit its...
Analysis Article Jul 25

Is Now An Opportune Moment To Examine ePlus inc. (NASDAQ:PLUS)?

ePlus inc. ( NASDAQ:PLUS ), is not the largest company out there, but it saw a double-digit share price rise of over...
Analysis Article Jul 12

ePlus inc.'s (NASDAQ:PLUS) Intrinsic Value Is Potentially 83% Above Its Share Price

Key Insights ePlus' estimated fair value is US$138 based on 2 Stage Free Cash Flow to Equity ePlus' US$75.54 share...
Analysis Article Jun 27

Returns At ePlus (NASDAQ:PLUS) Appear To Be Weighed Down

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jun 11

ePlus inc.'s (NASDAQ:PLUS) Share Price Could Signal Some Risk

It's not a stretch to say that ePlus inc.'s ( NASDAQ:PLUS ) price-to-earnings (or "P/E") ratio of 16.8x right now seems...
Analysis Article May 26

ePlus inc. (NASDAQ:PLUS) Just Reported And Analysts Have Been Lifting Their Price Targets

Last week, you might have seen that ePlus inc. ( NASDAQ:PLUS ) released its annual result to the market. The early...

Shareholder Returns

PLUSUS ElectronicUS Market
7D-6.6%-1.0%-0.3%
1Y25.7%89.3%24.1%

Return vs Industry: PLUS underperformed the US Electronic industry which returned 89.3% over the past year.

Return vs Market: PLUS exceeded the US Market which returned 24.1% over the past year.

Price Volatility

Is PLUS's price volatile compared to industry and market?
PLUS volatility
PLUS Average Weekly Movement4.4%
Electronic Industry Average Movement8.9%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: PLUS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PLUS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19902,182Mark Marronwww.eplus.com

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 sells third-party hardware, perpetual and subscription software, and maintenance; and software assurance and other third-party services. It 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.

ePlus inc. Fundamentals Summary

How do ePlus's earnings and revenue compare to its market cap?
PLUS fundamental statistics
Market capUS$2.17b
Earnings (TTM)US$148.11m
Revenue (TTM)US$2.41b
14.7x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PLUS income statement (TTM)
RevenueUS$2.41b
Cost of RevenueUS$1.75b
Gross ProfitUS$640.24m
Other ExpensesUS$492.13m
EarningsUS$148.11m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)5.66
Gross Margin26.59%
Net Profit Margin6.15%
Debt/Equity Ratio12.5%

How did PLUS perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
9%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 11:17
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ePlus inc. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel EnglandBerenberg
Matthew RamsayCanaccord Genuity
Gregory BurnsSidoti & Company, LLC