PLUS Technology

ePlus inc.

$89.85+0.71%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 2.3B USD
Enterprise value: 2.0B USD
Full-time employees: 2,171

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #372 of 1,612 technology companies (top 24%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.
Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

StockQuotient Score

64/ 100

Oct 5 65 → Nov 4 64 (-1)

Valuation

Is the price right?

74/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.28Sector median: 0.0225 · MAD: 0.0225

EBITDA yield9.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 1.45Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield2.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.15Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield45.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

53/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth2.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.28Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth4.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.01Sector median: 0.0483 · MAD: 0.0793

Revenue growth15.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.71Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

69/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Free cash flow turned positive over the last 12 months

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin6.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.04Sector median: 0.0631 · MAD: 0.0710

Return on assets6.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.97Sector median: 0.0293 · MAD: 0.0362

Return on invested capital20.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.61Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin25.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity11.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.97

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.27Sector median: 0.8710 · MAD: 0.3700

Current ratio2.13×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.44Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.11×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.60Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about ePlus

Is ePlus getting weaker?: Its latest SEC filing (Aug 4, 2026) got stronger: free cash flow turned positive over the last 12 months. Its overall score is unchanged at 64/100 since Oct 28, 2026.
How is ePlus valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 1,711 technology peers. EBITDA yield 9.5% vs a peer median of 4.2% (stronger than 80% of peers).EBITDA yield 9.5% vs peers 4.2% (stronger than 80% of peers).
Is ePlus growing?: At about the same pace as its peers. Growth scores 53/100 against 1,711 technology peers. Revenue growth 15.7% vs a peer median of 8.5% (stronger than 69% of peers).Revenue growth 15.7% vs peers 8.5% (stronger than 69% of peers). Earnings per share growth 2.5% vs a peer median of 11.1% (weaker than 61% of peers).Earnings per share growth 2.5% vs peers 11.1% (weaker than 61% of peers).
How profitable is ePlus?: More profitable than most of its peers. Profitability scores 69/100 against 1,711 technology peers. Return on invested capital 20.5% vs a peer median of 6.8% (stronger than 80% of peers).Return on invested capital 20.5% vs peers 6.8% (stronger than 80% of peers).
How risky is ePlus?: Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.11× vs a peer median of 0.25× (stronger than 65% of peers).Debt / equity 0.11× vs peers 0.25× (stronger than 65% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Free cash flow turned positive over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.4B USD	2.4B USD	+0.3%
Net income (12 months)	132.6M USD	120.3M USD	−9.3%
Operating margin	6.8%	6.6%	−0.2 pts
Free cash flow (12 months)	−120.7M USD	54.8M USD	turned positive
Cash	410.8M USD	448.9M USD	+9.3%
Shares outstanding	26.2M	26.1M	−0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Mar 2022	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Gross margin	25.3%	25.0%	23.5%	25.6%	25.2%	▼ 0.4 pts
Operating margin	8.1%	8.0%	6.1%	5.0%	6.8%	▲ 1.8 pts
Net margin	5.8%	5.8%	5.4%	5.2%	5.4%	▲ 0.2 pts
Return on assets (ROA)	9.1%	8.4%	7.1%	5.6%	7.4%	▲ 1.8 pts
Return on equity (ROE)	16.0%	15.4%	13.1%	10.8%	12.4%	▲ 1.6 pts
Free cash flow margin	—	—	11.1%	14.8%	-4.9%	▼ 20 pts
Current ratio	1.95×	1.95×	1.94×	1.70×	2.24×	▲ 32%
Quick ratio	1.61×	1.52×	1.73×	1.55×	1.92×	▲ 24%
Debt to equity	—	—	0.04×	0.07×	—	—
Interest coverage	77.41×	40.20×	35.43×	45.09×	—	—

PLUS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #372 of 1,612 technology companies (top 24%)

See how it ranks against its peers

Worth knowing

Profit isn't fully turning into cash. Free cash flow is only 46% of reported profit.

Free cash flow is only 46% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Questions investors ask about ePlus

Is ePlus getting weaker?

Its latest SEC filing (Aug 4, 2026) got stronger: free cash flow turned positive over the last 12 months. Its overall score is unchanged at 64/100 since Oct 28, 2026.

How is ePlus valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 74/100 against 1,711 technology peers. EBITDA yield 9.5% vs a peer median of 4.2% (stronger than 80% of peers).EBITDA yield 9.5% vs peers 4.2% (stronger than 80% of peers).

Is ePlus growing?

At about the same pace as its peers. Growth scores 53/100 against 1,711 technology peers. Revenue growth 15.7% vs a peer median of 8.5% (stronger than 69% of peers).Revenue growth 15.7% vs peers 8.5% (stronger than 69% of peers). Earnings per share growth 2.5% vs a peer median of 11.1% (weaker than 61% of peers).Earnings per share growth 2.5% vs peers 11.1% (weaker than 61% of peers).

How profitable is ePlus?

More profitable than most of its peers. Profitability scores 69/100 against 1,711 technology peers. Return on invested capital 20.5% vs a peer median of 6.8% (stronger than 80% of peers).Return on invested capital 20.5% vs peers 6.8% (stronger than 80% of peers).

How risky is ePlus?

Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.11× vs a peer median of 0.25× (stronger than 65% of peers).Debt / equity 0.11× vs peers 0.25× (stronger than 65% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.4B USD

2.4B USD

+0.3%

Net income (12 months)

132.6M USD

120.3M USD

−9.3%

Operating margin

6.8%

6.6%

−0.2 pts

Free cash flow (12 months)

−120.7M USD

54.8M USD

turned positive

Cash

410.8M USD

448.9M USD

+9.3%

Shares outstanding

26.2M

26.1M

−0.2%

Key ratios

FY Mar 2022

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Gross margin

25.3%

25.0%

23.5%

25.6%

25.2%

▼ 0.4 pts

Operating margin

8.1%

8.0%

6.1%

5.0%

6.8%

▲ 1.8 pts

Net margin

5.8%

5.4%

5.2%

5.4%

▲ 0.2 pts

Return on assets (ROA)

9.1%

8.4%

7.1%

5.6%

7.4%

▲ 1.8 pts

Return on equity (ROE)

16.0%

15.4%

13.1%

10.8%

12.4%

▲ 1.6 pts

Free cash flow margin

—

11.1%

14.8%

-4.9%

▼ 20 pts

Current ratio

1.95×

1.94×

1.70×

2.24×

▲ 32%

Quick ratio

1.61×

1.52×

1.73×

1.55×

1.92×

▲ 24%

Debt to equity

—

0.04×

0.07×

—

Interest coverage

77.41×

40.20×

35.43×

45.09×

—