ePlus inc. (PLUS) Key Metrics
PLUS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.45B
- Enterprise value
- $2.06B
- P/E (TTM)
- 20.2 10-yr median 16.7
- Forward P/E
- 17.2
- PEG ratio
- 1.07
- Price / sales
- 1.0 10-yr median 0.8
- Price / book
- 2.2 10-yr median 2.3
- EV / EBITDA
- 10.5 10-yr median 9.5
- Dividend yield
- 1.15% $1.08 a year
- Beta
- 0.96
PLUS key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsPLUS valuation Price multiples at each fiscal year-end price.
PLUS returns How much profit the business earns on the capital it uses.
PLUS per-share figures Results divided by the shares outstanding at year-end.
PLUS financial health Debt, liquidity and how easily interest is covered.
PLUS efficiency & capital use Working capital cycle and where the cash goes.
PLUS valuation history
PLUS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PLUS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PLUS cash returned to shareholders
PLUS price vs earnings per share
PLUS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.98B | $1.62B | $2.10B | $1.31B | $1.51B | $1.34B | $840.0M | $1.20B | $1.09B | $947.2M |
| Enterprise value | $1.59B | $1.36B | $1.99B | $1.38B | $1.53B | $1.39B | $967.1M | $1.29B | $1.13B | $1.01B |
| P/E ratio | 15.4 | 15.0 | 18.1 | 11.0 | 14.3 | 18.0 | 12.2 | 19.0 | 19.7 | 18.7 |
| Price / sales | 0.8 | 0.8 | 0.9 | 0.6 | 0.8 | 0.9 | 0.5 | 0.9 | 0.8 | 0.7 |
| Price / book | 1.9 | 1.7 | 2.3 | 1.7 | 2.3 | 2.4 | 1.7 | 2.8 | 2.9 | 2.7 |
| Price / free cash flow | — | 5.5 | 8.7 | — | — | 11.3 | — | 43.3 | 14.4 | 40.4 |
| Price / operating cash flow | — | 5.4 | 8.4 | — | — | 10.3 | — | 30.5 | 13.1 | 28.7 |
| EV / sales | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | 0.9 | 0.6 | 0.9 | 0.8 | 0.8 |
| EV / EBITDA | 7.9 | 7.9 | 10.7 | 7.4 | 8.9 | 10.8 | 8.4 | 12.0 | 11.2 | 10.1 |
| EV / free cash flow | — | 4.6 | 8.3 | — | — | 11.8 | — | 46.3 | 15.1 | 42.9 |
| Earnings yield | 6.5% | 6.6% | 5.5% | 9.1% | 7.0% | 5.6% | 8.2% | 5.3% | 5.1% | 5.3% |
| Free cash flow yield | −6.1% | 18.2% | 11.4% | −1.9% | −2.9% | 8.8% | −9.7% | 2.3% | 6.9% | 2.5% |
| Dividend yield | 1.0% | 0.0% | 0.0% | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.5% | 2.9% | 0.5% | 0.6% | 0.9% | 0.5% | 1.7% | 1.6% | 3.2% | 3.2% |
| Share price at fiscal year-end | $75.25 | $61.03 | $78.54 | $49.04 | $56.06 | $49.82 | $31.31 | $44.27 | $38.85 | $33.76 |
| Per share | ||||||||||
| Revenue per share | $92.62 | $77.72 | $83.29 | $77.58 | $67.78 | $58.45 | $59.20 | $50.55 | $50.79 | $47.38 |
| Earnings per share | $4.88 | $4.06 | $4.33 | $4.48 | $3.93 | $2.77 | $2.57 | $2.33 | $1.97 | $1.80 |
| Operating cash flow per share | −$4.41 | $11.35 | $9.30 | −$0.58 | −$0.77 | $4.83 | −$2.76 | $1.45 | $2.96 | $1.18 |
| Free cash flow per share | −$4.58 | $11.10 | $8.98 | −$0.93 | −$1.63 | $4.40 | −$3.03 | $1.02 | $2.69 | $0.84 |
| Cash per share | $15.58 | $14.63 | $9.47 | $3.87 | $5.78 | $4.83 | $3.21 | $2.94 | $4.23 | $3.91 |
| Book value per share | $40.54 | $36.73 | $33.75 | $29.35 | $24.59 | $20.96 | $18.12 | $15.62 | $13.34 | $12.33 |
| Tangible book value per share | $30.52 | $26.02 | $26.06 | $23.30 | $18.87 | $14.80 | $12.43 | $10.11 | $9.65 | $10.17 |
| Dividends per share | $0.75 | $0.00 | $0.00 | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.17 | $0.25 | $0.32 | $0.35 | $0.86 | $0.43 | $0.26 | $0.43 | $0.27 | $0.34 |
| Debt per share | $0.61 | $4.82 | $5.29 | $6.56 | $6.69 | $6.77 | $7.95 | $6.07 | $5.88 | $6.06 |
| Shares outstanding | 26.4M | 26.6M | 26.7M | 26.7M | 26.9M | 26.8M | 26.8M | 27.2M | 27.9M | 28.1M |
| Change in shares outstanding | −0.9% | −0.4% | +0.2% | −0.8% | +0.1% | +0.0% | −1.2% | −2.8% | −0.4% | −4.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.6% | 11.5% | 13.7% | 16.5% | 17.3% | 14.2% | 15.2% | 15.9% | 15.3% | 15.2% |
| Return on invested capital (ROIC) | 17.1% | 13.6% | 13.8% | 15.8% | 16.3% | 12.1% | 12.2% | 12.6% | 13.4% | 12.6% |
| Return on assets (ROA) | 7.0% | 6.1% | 7.5% | 9.2% | 9.4% | 7.5% | 8.1% | 8.2% | 7.3% | 7.4% |
| Return on tangible assets | 8.3% | 6.7% | 8.0% | 9.5% | 10.4% | 8.2% | 9.1% | 9.9% | 8.4% | 7.4% |
| Free cash flow margin | −4.9% | 14.3% | 10.8% | −1.2% | −2.4% | 7.5% | −5.1% | 2.0% | 5.3% | 1.8% |
| Income quality (OCF / net income) | −0.90 | 2.80 | 2.15 | −0.13 | −0.19 | 1.74 | −1.07 | 0.62 | 1.50 | 0.65 |
| Financial health | ||||||||||
| Total debt | $16.2M | $128.3M | $141.3M | $175.0M | $179.6M | $181.8M | $213.3M | $164.7M | $164.4M | $170.0M |
| Cash & short-term investments | $410.8M | $389.4M | $253.0M | $103.1M | $155.4M | $129.6M | $86.2M | $79.8M | $118.2M | $109.8M |
| Net debt | −$394.6M | −$261.1M | −$111.7M | $71.9M | $24.2M | $52.2M | $127.1M | $84.9M | $46.2M | $60.3M |
| Debt / equity | 0.02 | 0.13 | 0.16 | 0.22 | 0.27 | 0.32 | 0.44 | 0.39 | 0.44 | 0.49 |
| Debt / assets | 0.01 | 0.07 | 0.09 | 0.12 | 0.15 | 0.17 | 0.23 | 0.21 | 0.22 | 0.23 |
| Net debt / EBITDA | −1.96 | −1.52 | −0.60 | 0.39 | 0.14 | 0.41 | 1.10 | 0.79 | 0.46 | 0.61 |
| Current ratio | 2.12 | 1.71 | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 | 1.70 | 1.61 | 1.59 |
| Quick ratio | 1.80 | 1.56 | 1.73 | 1.52 | 1.61 | 1.54 | 1.55 | 1.55 | 1.50 | 1.34 |
| Interest coverage | — | 64.0 | 41.9 | 40.2 | 77.4 | 53.0 | 37.0 | 40.8 | 70.5 | 55.6 |
| Working capital | $711.8M | $565.9M | $616.5M | $533.8M | $437.4M | $318.2M | $263.2M | $231.3M | $214.8M | $220.8M |
| Invested capital | $674.4M | $716.5M | $790.1M | $854.1M | $685.0M | $614.6M | $613.2M | $509.2M | $418.8M | $406.2M |
| Tangible asset value | $804.7M | $692.8M | $696.2M | $621.1M | $506.9M | $397.2M | $333.6M | $274.5M | $269.7M | $285.4M |
| Net current asset value | $604.5M | $456.6M | $521.8M | $462.6M | $392.0M | $263.2M | $226.8M | $198.2M | $182.0M | $201.5M |
| Graham number | $66.75 | $57.89 | $57.37 | $54.38 | $46.64 | $36.16 | $32.40 | $28.60 | $24.34 | $22.36 |
| Graham net-net per share | $11.21 | $3.66 | $6.24 | $2.97 | $4.94 | $2.03 | $1.85 | $1.73 | $0.97 | $0.63 |
| Capital allocation | ||||||||||
| Dividends paid | $19.7M | $0 | $0 | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $30.6M | $46.9M | $9.9M | $7.2M | $13.6M | $6.9M | $14.4M | $18.8M | $35.2M | $30.5M |
| Dividend payout ratio | 15.3% | 0.0% | 0.0% | — | — | — | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | 15.9% | 4.1% | — | — | 5.9% | — | 67.5% | 46.9% | 130.0% |
| Capex / revenue | 0.2% | 0.3% | 0.4% | 0.5% | 1.3% | 0.7% | 0.4% | 0.8% | 0.5% | 0.7% |
| Capex / operating cash flow | — | 2.2% | 3.4% | — | — | 8.9% | — | 29.5% | 9.2% | 28.9% |
| Capex / depreciation | 0.16 | 0.22 | 0.33 | 0.50 | 0.95 | 0.58 | 0.37 | 0.62 | 0.48 | 0.81 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% |
| SG&A / revenue | 17.3% | 19.3% | 16.5% | 16.1% | 16.3% | 17.3% | 17.6% | 17.3% | 16.1% | 15.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 108.1 | 135.3 | 118.4 | 105.0 | 108.2 | 118.8 | 101.9 | 102.6 | 91.2 | 92.7 |
| Days of inventory on hand | 31.6 | 31.3 | 41.3 | 46.9 | 30.2 | 18.7 | 15.1 | 15.8 | 22.4 | 22.5 |
| Days payables outstanding | 82.3 | 92.2 | 57.8 | 41.9 | 40.4 | 38.5 | 25.5 | 33.9 | 37.0 | 33.7 |
| Cash conversion cycle (days) | 57.4 | 74.4 | 101.9 | 110.0 | 97.9 | 98.9 | 91.5 | 84.5 | 76.6 | 81.5 |
| Receivables turnover | 3.38 | 2.70 | 3.08 | 3.48 | 3.37 | 3.07 | 3.58 | 3.56 | 4.00 | 3.94 |
| Payables turnover | 4.43 | 3.96 | 6.31 | 8.70 | 9.02 | 9.47 | 14.31 | 10.76 | 9.87 | 10.82 |
| Inventory turnover | 11.53 | 11.67 | 8.83 | 7.78 | 12.08 | 19.54 | 24.11 | 23.07 | 16.30 | 16.23 |
| Asset turnover | 1.32 | 1.17 | 1.45 | 1.60 | 1.62 | 1.58 | 1.87 | 1.78 | 1.89 | 1.96 |
| Average receivables | $723.3M | $767.0M | $721.8M | $595.0M | $539.7M | $510.3M | $443.4M | $385.8M | $354.6M | $337.8M |
| Average payables | $418.0M | $383.7M | $267.9M | $178.2M | $150.7M | $124.0M | $84.9M | $96.9M | $110.2M | $95.1M |
| Average inventory | $160.7M | $130.1M | $191.5M | $199.2M | $112.5M | $60.1M | $50.4M | $45.2M | $66.7M | $63.5M |
| Intangibles / total assets | 14.6% | 15.1% | 12.4% | 11.4% | 13.2% | 15.3% | 16.8% | 19.0% | 13.6% | 8.2% |
Computed from PLUS's annual financial statements (latest annual report filed May 28, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PLUS valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), ePlus inc. traded at 15.4 times earnings, against a 10-year median of 16.7. Based on the latest twelve months, the trailing P/E is 20.2 and the forward P/E is 17.2. ePlus inc. earned a return on equity of 12.6% and a return on invested capital of 17.1% in fiscal 2026. It ended the year with $16.2 million of debt and $410.8 million in cash and short-term investments, a net cash position of $394.6 million. It returned $50.3 million to shareholders: $19.7 million in dividends and $30.6 million in share buybacks. The share count fell 6.0% from 28.1M to 26.4M over 9 years.
See the PLUS income statement, the PLUS chart for price history, or the PLUS stock overview for the latest quote and news.
PLUS key metrics FAQ
What is ePlus inc.'s P/E ratio?
ePlus inc.'s trailing P/E ratio is 20.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.2. At the end of fiscal 2026 it was 15.4, compared with a 10-year median of 16.7.
What is ePlus inc.'s EV/EBITDA?
ePlus inc.'s enterprise value was 7.9 times EBITDA at the end of fiscal 2026 (enterprise value $1.6 billion, EBITDA $201.1 million); the current EV/EBITDA is 10.5.
What is ePlus inc.'s return on equity?
ePlus inc.'s return on equity (ROE) was 12.6% in fiscal 2026: net income of $128.8 million on average shareholders' equity of $1.0 billion.
What is ePlus inc.'s ROIC?
ePlus inc.'s return on invested capital was 17.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ePlus inc. have?
ePlus inc. had total debt of $16.2 million at the end of fiscal 2026, a debt-to-equity ratio of 0.02 and more cash than debt.
What is ePlus inc.'s dividend yield?
ePlus inc.'s forward dividend yield is 1.15%. ePlus inc. paid $19.7 million in dividends in fiscal 2026 ($0.75 per share), a payout ratio of 15.3%.
Does ePlus inc. buy back its shares?
Yes. ePlus inc. spent $30.6 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.9% over the year, to 26.4M..
What is ePlus inc.'s free cash flow yield?
ePlus inc. generated -$120.7 million of free cash flow in fiscal 2026, a free cash flow yield of −6.1% on its market value at year-end ($2.0 billion).
What is ePlus inc.'s current ratio?
ePlus inc.'s current ratio was 2.12 at the end of fiscal 2026: current assets were 2.12 times current liabilities.