Preformed Line Products Company Common Stock (PLPC)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business I can understand, run by able people, at a fair price. Preformed Line Products designs and makes hardware and systems for overhead, ground-mounted, and underground networks. That is a necessary niche, and its fiscal Q2 2026, the quarter ended 2026-06-30, showed revenue of $212.7M and net income of $21.5M, or diluted EPS of $4.49. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $169.6M and net income was $12.7M, so the latest quarter improved sharply. But I must look through the cycle. In FY2025, revenue was $669.3M, net income was $35.3M, and diluted EPS was $7.14. In FY2024, revenue was $593.7M, net income was $37.1M, and diluted EPS was $7.50. In FY2023, revenue was $669.7M, net income was $63.3M, and diluted EPS was $12.68. That is not a smooth upward line; profits fell from FY2023 to FY2025 even as revenue recovered. FairStock's calculation calls it a SLOW GROWER because profit grew 3.4% a year over five years and revenue grew 7.5%. Financial health is a point in its favor: debt-to-equity is 0.11, FairStock's Piotroski F-Score is 8/9, and its Altman Z-Score is 7.76. But returns are modest, with ROE of 9.02% and ROCE of 6.25%. At the 2026-10-13 close of $389.53, FairStock calculates a P/E of 43.87, P/B of 3.84, FCF yield of 1.8%, EV/EBITDA of 22.68, and a Graham Number of $142.29, leaving a margin of safety of -173.76%. PEG is 0.63, but I prefer paying for dependable earning power. I see a decent industrial with a strong balance sheet, not a bargain.

In plain English: Preformed Line Products makes equipment that supports and protects overhead and underground power and communications lines. The business is profitable and has very little debt, but its returns on capital are modest and profits have been uneven over the past few years. At the recent price, the shares look expensive compared with those profits and cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer