Plexus PLXS
United StatesTechnology · Electronic ComponentsUSD
304.60 USD (+14.3%)
5 analysts
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Plexus Corp. is an electronics manufacturing services (EMS) provider that designs, manufactures, and supports complex electronic products for customers in the healthcare, aerospace, defense, industrial, and networking sectors.
Key points
from its scores- ✓Good share-price trend9.7
- ✕Little or no dividend1.5
- ✕Little competitive advantage3.4
- ✕Demanding valuation4.4
AI analysis
bottom line, main risk, context and newsStrong revenue growth and momentum justify attention, but weak profitability and a demanding valuation argue for waiting for margin improvement before buying.
Plexus is growing revenues strongly (+28.10%) and trades with exceptional momentum (77th percentile of its 52-week range), but its profitability is weak (operating margin 4.67%, gross margin 10.04%) and its demanding valuation (P/E 39.38) is not backed by earnings growth (-3.70%).
The main risk is margin compression: with an operating margin of only 4.67% and a gross margin of 10.04%, any cost increase (components, labor, logistics) or customer pricing pressure can quickly erode earnings that are already down -3.70%.
Context and risks
Plexus has no material exposure to current macro factors: its contract electronics manufacturing (EMS) business does not depend on oil, gas, or conflicted shipping routes, and its net cash balance sheet insulates it from the rise in rates. The main risk is operational and business-model related, not macro.
Is Plexus stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 20% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 39.4 | 31.3 | +26% |
| EV / EBITDA | 23.2 | 20.4 | +14% |
| Price / book | 4.7 | 6.3 | −26% |
| Price / sales | 1.5 | 5.3 | −71% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.4 out of 10 (median for Technology: 5.3).
Average analyst target: 304.60 USD, +14.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.4 (sector 6.4), Growth 6.3 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 39.4
- Forward P/E
- 26.3
- EV / EBITDA
- 23.2
- Price / book
- 4.7
- Price / sales
- 1.5
- PEG
- 2.09
- Market cap
- 7.1B USD
- Enterprise value
- 7.1B USD
Profitability
- ROE
- 12.6%
- ROA
- 4.3%
- ROIC (approx.)
- 11.7%
- Gross margin
- 10.0%
- Operating margin
- 4.7%
- Net margin
- 4.0%
- Free cash flow
- 20.8M USD
- FCF yield
- 0.3%
- Cash conversion
- 7%
Solvency
- Total debt
- 307.0M USD
- Net debt
- −7.1M USD
- Cash
- 314.1M USD
- EBITDA
- 306.2M USD
- Net debt / EBITDA
- −0.02
- Debt / equity
- 20.08
- Current ratio
- 1.49
- Quick ratio
- 0.67
Growth
- Revenue growth
- +28.1%
- Earnings growth
- −3.7%
- EPS (TTM)
- 6.77 USD
- EPS (forward)
- 10.12 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 0.89
- Analyst consensus
- none (5)
- Target price
- 304.60 USD
- 52-week range
- 132.03 – 307.06
Recent news
All PLXS news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Plexus
Is Plexus stock cheap or expensive?
On P/E and EV / EBITDA, it trades 20% above the Technology median on average. Valuation score: 4.4 out of 10 (median for Technology: 5.3). Average analyst target: 304.60 USD, +14.3% versus the price. This is not investment advice.
What score does Plexus get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,425 of 2,130 (better than 32% of the companies analysed). Its strongest category is Momentum (9.7) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Plexus's P/E ratio?
Its P/E is 39.4: the share price equals 39.4 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 26.3.
How much is Plexus worth on the stock market?
Its market capitalisation is 7.1B USD and its enterprise value, debt included, is 7.1B USD.
How much debt does Plexus have?
It has more cash than debt: net cash of 7.1M USD.
Does Plexus pay a dividend?
It pays no dividend, or almost none.
How has Plexus stock performed over the last year?
It has risen 99.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 132.03 and 307.06 USD. Past performance does not guarantee future results.
What do analysts think of Plexus?
5 analysts cover it; their average recommendation is “none” and their average target is 304.60 USD (+14.3% versus the price). It is an estimate, not market data.