ePlus inc. Common Stock (PLUS)

FairStock Score: 75/100 — HIGH CONVICTION

Key Financials

AI Analysis

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

As a value investor, I look first for a business I understand and a price that leaves room for error. ePlus sells IT hardware, software, and services, with product, professional, and managed services. It is not a glamorous compounder; it is a modest 2,171-employee technology reseller and solutions provider. The full-year record is respectable: in FY2026, the year ended 2026-03-31, revenue was $2.4B, net income $132.6M, and diluted EPS $5.03, up from FY2025's $2.0B, $104.6M, and $3.93. FairStock calls it a STALWART, with five-year profit growth of 12.3% and revenue growth of 10.3%. But the latest filed quarter was weaker: in fiscal Q1 2027, the quarter ended 2026-06-30, revenue was $649.1M, net income $30.3M, and diluted EPS $1.16, versus revenue $642.8M, net income $42.6M, and EPS $1.61 in fiscal Q1 2026. Profit fell sharply on nearly flat sales. The balance sheet looks conservative: debt-to-equity is 0.11 and Altman Z-score 3.57, while Piotroski is 7/9. Returns are only moderate: ROE 11.70% and ROCE 5.53%. Free cash flow was $54.8M, a 2.2% yield. At the 2026-10-13 close of $96.93, FairStock's P/E is 20.80 and P/B 2.34. The Graham Number is $65.57, leaving a negative margin of safety of -47.83%. I would want a wider discount for a business with low ROCE and declining recent profit. Quality is decent, price is not a bargain.

In plain English: ePlus helps companies buy, set up, and manage their computer systems and software. The business has a long record of steady growth, but its latest reported quarter showed weaker profit even though sales were about flat. At the recent price near $97, the stock looks full or expensive compared with simple value measures.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

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