Plexus Corp. (PLXS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-88.3%

$25.04

vs $214.01 price

Levered DCF

$78.97

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.98

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	36.03×	22.42×	33.44×	18.45×	17.65×	18.74×	17.65×	17.41×
P/B	4.64×	2.66×	2.82×	2.11×	2.23×	2.53×	2.12×	2.19×
P/S	1.47×	0.96×	0.94×	0.61×	0.64×	0.77×	0.61×	0.6×
EV / EBITDA	21.42×	13.49×	15.54×	10.59×	11.23×	11.13×	9.88×	10.24×
Gross margin	10.1%	10.1%	9.6%	9.4%	9.1%	9.6%	9.2%	9.2%
Operating margin	5.3%	5.0%	4.2%	4.7%	4.7%	5.2%	4.5%	4.5%
Net margin	4.1%	4.3%	2.8%	3.3%	3.6%	4.1%	3.5%	3.4%
Current ratio	1.43×	1.58×	1.51×	1.47×	1.4×	1.71×	1.77×	1.78×
Debt / equity	0.18×	0.12×	0.21×	0.39×	0.45×	0.28×	0.38×	0.33×
Interest coverage	17.19×	17.44×	5.81×	6.21×	11.24×	12.37×	9.49×	11.05×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.9%	11.9%	8.4%	11.5%	12.6%	13.5%	12.0%	12.5%
Return on invested capital	11.4%	11.1%	8.7%	9.7%	9.4%	10.9%	9.3%	9.9%
Return on assets	5.1%	5.5%	3.5%	4.2%	4.1%	5.6%	5.1%	5.4%
Free cash flow yield	-0.4%	4.0%	9.1%	2.4%	-5.2%	3.3%	7.7%	1.3%
Earnings yield	2.8%	4.5%	3.0%	5.4%	5.7%	5.3%	5.7%	5.7%
Enterprise value	$7.3B	$3.7B	$3.7B	$2.8B	$2.7B	$2.6B	$2.1B	$2B
Net debt / EBITDA	0.01×	-0.47×	-0.28×	0.81×	0.93×	0.09×	-0.07×	0.34×
Cash conversion cycle (days)	113	124	140	157	168	109	93	99