PLUS
EPLUS INC
Next earnings Aug 5, 2026 · consensus $1.21 EPS, $653M rev
Last earnings -0.6% on 2026-05-28
$80.82
▲ +0.41%$80.82▲ +11.80%
over 1Y
L $61.50H $92.48
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.4%
1W-0.3%
1M-3.9%
3M+5.0%
YTD-6.1%
1Y+11.8%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Cheap, fast-growing IT solutions provider at 16x earnings — but a negative cash-flow year, a Verizon concentration spike, and a prior-year restatement keep conviction in check.
Diluted EPS $5.03 · FY2026
The read
Quality fundamentals and an attractive price line up (~137% below fair value) — the rarer case where both the business and the entry look good.
FY2026 was ePlus's best operating year in the dataset: revenue jumped to $2.44B (+22.1%), operating income surged +66.7% to $166M, net income hit $133M (+26.8%) and diluted EPS reached $5.03 (+28.0%). That growth followed a flat-to-down FY2025 ($2.00B revenue, $105M net income), so this is a genuine reacceleration, partly reshaped by the June 2025 sale of the domestic financing business — now reported as discontinued operations, which sharpens the company into a pure 'technology solutions provider' levered to AI, cloud, data-center and security demand the MD&A repeatedly flags as a tailwind. The balance sheet is a clear strength: $411M cash, only ~$39M long-term debt, $1.07B equity and liabilities/equity of just 0.68x, with retained earnings up to $956M and shares shrinking ~1.4% on $30.6M of buybacks plus a $19.7M dividend.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 30, 2026, 12:34 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.82B | $2.07B | $2.18B | $2.00B | $2.44B |
| Gross profit | $461M | $518M | $512M | $512M | $616M |
| Operating income | $147M | $166M | $134M | $99.7M | $166M |
| Net income | $106M | $119M | $118M | $105M | $133M |
| Diluted EPS | $3.93 | $4.48 | $4.41 | $3.93 | $5.03 |
| Net margin | 5.8% | 5.8% | 5.4% | 5.2% | 5.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.76B
EV / EBITDA9.1
EV / Sales0.7
EV / FCF—
P / FCF—
PEG (trailing)0.60
Earnings yield6.2%
FCF yield-5.7%
Quality & risk
ROIC (est.)11.8%
Free cash flow-$121M
Total debt$38.8M
Net cash$372M
Altman Z-Score4.68 safe
Piotroski F-Score5/8
Capital returns
Buyback yield1.4%
Dividend yield (est.)0.9%
Shareholder yield2.4%
Shares Δ YoY-1.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Earnings results2026-05-28
FY26 record: rev +22%, EPS $5.03 +28%; sold financing arm; Verizon now 36% of AR
- 10-K Annual report2026-05-28
FY26 record: rev +22%, EPS $5.03 +28%; sold financing arm; Verizon now 36% of AR
- 8-K Charter / bylaws change2026-02-17
Amended bylaws/charter (Item 5.03); no direct financial impact for shareholders
- 8-K Earnings results2026-02-04
Q3 FY26 continuing ops show growth as pure-play IT solutions provider
- 10-Q Quarterly report2026-02-04
Q3 FY26 continuing ops show growth as pure-play IT solutions provider
- 8-K Other event2026-01-26
Other corporate event disclosed (Item 8.01), likely dividend/capital update
- 8-K Officer / director change2026-01-08
Officer/director leadership change announced (Item 5.02)
- 8-K Earnings results2025-11-06
Q2 FY26 results reflect tech-solutions focus after financing-business sale
- 10-Q Quarterly report2025-11-06
Q2 FY26 results reflect tech-solutions focus after financing-business sale
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-07-022026-07-02open ↗4Period ending 2026-07-022026-07-02open ↗4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-152026-06-17open ↗4Period ending 2026-06-142026-06-15open ↗4Period ending 2026-06-142026-06-15open ↗4Period ending 2026-06-142026-06-15open ↗
Frequently asked
- Is EPLUS INC (PLUS) a buy?
- PLUS currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Cheap, fast-growing IT solutions provider at 16x earnings — but a negative cash-flow year, a Verizon concentration spike, and a prior-year restatement keep conviction in check.
- What is PLUS's fair value?
- A Modified-Graham model based on PLUS's SEC fundamentals estimates a fair value of about $191.14. It is an estimate from reported earnings, not a price target.
- Is PLUS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PLUS currently appears undervalued relative to its SEC-grounded earnings power.
- What is EPLUS INC's quality score?
- PLUS scores 76.21002023589506/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001022408, latest 10-K filed 2026-05-28) · EODHD · Proprietary analysis · as of 6/30/2026, 4:34:59 AM.
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