ePlus inc. (PLUS) Stock

ePlus inc. (PLUS) is a Consumer Discretionary stock trading at $88.92 (as of 2026-07-24), with a market capitalization of $2.33B and a trailing P/E of 17.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

ePlus inc. and its subsidiaries provide information technology solutions in the United States and internationally through two segments: Technology and Financing. The Technology segment supplies hardware and software, maintenance and assurance, and professional and managed services, while the Financing segment offers financing and related management for IT and other equipment assets.

Understand ePlus inc.: how it makes money

ePlus provides information technology solutions, selling technology products and related software and services, and it also provides financing, making money primarily through its Technology segment net sales (including product revenue) and, to a much smaller extent, through its Financing segment.

Profit is primarily driven by the Technology segment, where revenue is mostly product and software-related sales (with services also contributing), while Financing is a small add-on, so overall operating performance depends on sustaining technology mix and conversion into operating income.

Revenue by segment (latest quarter)
Tech$0.6B
Fin$0.0B

Business quality (Mixed): Clear official segment structure (Technology, Financing) is provided, and there is at least one relevant operating KPI (Gross Billings) plus a cash-timing metric (Cash Conversion Cycle).

Valuation: At 16× earnings, PLUS trades 34% below the Wholesale average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Technology dominates revenue: Technology is the large majority of revenue (0.58B), with Financing much smaller (0.02B).
  • Services are a meaningful contributor: Services revenue is 0.11B, supporting a mix that includes more than just one-time product sales.

Bear case

  • Limited contribution from Financing: Financing revenue is only 0.02B, so changes in Technology performance are likely to matter more than Financing for overall results.
  • Cash timing matters: Gross Billings are 0.88B versus revenue of 0.6B, and the cash conversion cycle is 37, so timing between billings and revenue can affect cash flow.
Valuation — source: SEC EDGAR (first-party)
Price$88.92
Market Cap$2.33B
P/E Ratio17.7
EV / EBITDA10.3
Price / Book2.18
Price / Sales0.98
FCF Yield-3.7%
DCF Value (model)$125.73
DCF Upside vs Price41.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.44B
Net Margin5.4%
Revenue Growth (YoY)18.1%
EPS Growth (YoY)24.1%
FCF Growth (YoY)-140.6%
Financial Health — source: SEC EDGAR
Altman Z-Score4.84 (safe)
Valuation vs Sector & Industry
Stock P/E17.7
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Wholesale)24.8
vs Sector-18.1%
vs Industry-29.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)4
Top Institutional HolderBlackRock, Inc. ($301.26M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryWholesale
CEOMark Marron
Employees2,291
CountryUS
IPO Date1996-11-15

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PLUS earnings history · PLUS institutional & insider holders · PLUS KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.