# ePlus share price today (ePlus inc., PLUS)

> ePlus inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. PLUS · Technology · Software - Application · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/plus

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $89.85 (+22.8% in a year)
- P/E: 19.6× (higher than 89% of the last 4.6 years)
- Revenue (Jun 2026): $649 M (+1.0% on a year ago)
- Profit (Jun 2026): $30.3 M (−28.9% on a year ago)
- Operating margin: 6.0% (−0.7 points on a year ago)
- ROE: 12%, FY26
- ROIC: 15.0%, against a 9.1% cost of capital: +5.9 points

Biggest thing to watch: the P/E is higher than 89% of its own history, so the multiple has already done part of the work. ## What is the ePlus share price today? ePlus inc.'s share price was $89.85 at the close on 3 November 2026. It has been rising for 18 weeks. That is 4.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between $74 and $95, and at that close it sat 74% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row. Over the last 10 years the share price moved +339% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does ePlus pay? ePlus inc. paid $1.02 per share over the last four reported quarters. The most recent declaration was $0.27 for Jun 2026. At today's price of $89.85 that is a yield of 1.14%, based on dividends already paid, not a forecast. ## Which stock lists is ePlus on? ePlus is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is ePlus profitable? ePlus inc. earned $30.3 M of net profit in the Jun 2026 quarter, −28.9% on the same quarter a year earlier. Full-year FY26 profit was $133 M. Over 4 years profit has grown 5.9% a year on average. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned $42.6 M. For the full year, FY26 profit was $133 M (+26.8% on the year before). Why profit moved: revenue changed +1.0% on a year earlier and the margin moved −0.7 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +10.6% and revenue +17.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does ePlus make, and is it growing? ePlus inc. reported $649 M of revenue in the Jun 2026 quarter, +1.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown 7.6% a year on average. The last full year, FY26, came in at $2.4 B. The last four reported quarters add to $2.5 B. FY26 revenue was $2.4 B, +22.1% on the year before. Recent pace: the last four quarters grew +17.7% on average, against 7.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.5%, against +5.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +4.5%, against +7.1% a year (stabilising). ## How much of every $100 of sales does ePlus keep? ePlus inc.'s operating margin was 6.0% in the Jun 2026 quarter, 0.7 percentage points lower than the same quarter a year ago. Across 5 years it has been between 5.0% and 8.2%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.7 percentage points on the year while gross margin changed −0.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is ePlus' profit turning into cash? Over the last 3 years, 122% of ePlus inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 its operations used $116 M of cash, against $133 M of profit. After $4.4 M of spending on assets, free cash was −$121 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does ePlus' cash go? ePlus inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $17.4 M on assets over the last 3 years. Averaged over those years that is 0.2% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $17.4 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is ePlus' P/E ratio, and how does it compare with its own history? ePlus inc.'s P/E is 19.6×, near the high end of its own history: higher than 89% of past readings. Its usual P/E (the middle reading) is 15.9×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +28.2% while the price moved +22.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +11.4% a year; about −2.0% a year came from earnings growth and about +13.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the ePlus business getting better or worse? ePlus inc.'s business is giving mixed signals. Revenue growth is rising at +16.5% while eps growth is slowing from its peak at +5.5%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does ePlus earn on its capital? ePlus inc. earned a ROE of 12% in FY26. That is up from a low of 11% in FY25. Its return on capital used (ROIC) is 5.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 5.4% net margin and 1.36× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.4% net margin × 1.36× asset turnover × 1.68× leverage (assets divided by equity) ≈ 12.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 15.0% − 9.1% = +5.9 percentage points. The 9.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 15.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 16.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does ePlus have too much debt? ePlus inc. has total debt of $123 M against shareholder equity of $1.1 B as of Jun 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.28 in FY22 to 0.13 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the ePlus shareholding pattern? 5.8% of ePlus inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 6.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is ePlus from balance-sheet trouble? For ePlus inc., the Z-score is 4.42. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.42 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does ePlus rank in its industry? There is no score against its industry: ePlus inc. is not among the largest members shown in this industry comparison for Software - Application. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is ePlus compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to ePlus in size? ePlus is the 78th largest of 142 Software - Application companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Vertex, Inc., Blackbaud, Inc. and nCino, Inc. Just below it: Kingsoft Cloud Holdings, Grindr Inc. and Amplitude, Inc. ### Software - Application companies close in size

1. [Vertex, Inc.](https://www.sectoralpha.in/us/stocks/verx) $2.5 billion
2. [Blackbaud, Inc.](https://www.sectoralpha.in/us/stocks/blkb) $2.4 billion
3. [nCino, Inc.](https://www.sectoralpha.in/us/stocks/ncno) $2.4 billion
4. ePlus inc. $2.3 billion
5. [Kingsoft Cloud Holdings Limited](https://www.sectoralpha.in/us/stocks/kc) $2.3 billion
6. [Grindr Inc.](https://www.sectoralpha.in/us/stocks/grnd) $2.3 billion
7. [Amplitude, Inc.](https://www.sectoralpha.in/us/stocks/ampl) $2.1 billion

[All 142 Software - Application companies, largest first](https://www.sectoralpha.in/us/sectors/software-application#all-companies)

### Companies close in size in other industries

1. [StubHub Holdings, Inc.](https://www.sectoralpha.in/us/stocks/stub) $2.3 billion · Internet Content & Information
2. [Porch Group, Inc.](https://www.sectoralpha.in/us/stocks/prch) $2.3 billion · Insurance - Property & Casualty
3. ePlus inc. $2.3 billion
4. [Addus HomeCare Corporation](https://www.sectoralpha.in/us/stocks/adus) $2.3 billion · Medical Care Facilities
5. [NuScale Power Corporation](https://www.sectoralpha.in/us/stocks/smr) $2.3 billion · Specialty Industrial Machinery

## What else do people ask about ePlus? ### What were ePlus's latest quarterly results? ePlus inc. reported revenue of $649 M and net profit of $30.3 M for the Jun 2026 quarter. Revenue rose 1.0% and profit fell 28.9% compared with a year earlier. Earnings per share were $1.16. The operating margin was 6.0%, 0.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is ePlus's market cap? ePlus inc.'s market capitalisation is $2.3 B at a stock price of $89.85. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is ePlus performing? ePlus inc.'s share price has been rising for 18 weeks. In its latest quarter, revenue rose 1.0% and profit fell 28.9% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 1 week running (as of 3 November 2026). ### Will ePlus's stock price go up? This page does not forecast ePlus inc.'s stock price. What it shows instead: the stock price is $89.85, and it has been rising for 18 weeks. Its P/E of 19.6× is higher than 89% of its own last 5 years (as of 3 November 2026). ### Is ePlus's profit real cash? Yes, over the last 3 years, 122% of ePlus inc.'s reported profit came in as cash from operations. The latest year was lower at -88%, so the trend is worth watching. In FY26, operating cash was −$116 M against reported profit of $133 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is ePlus in its business cycle? ePlus inc.'s FY26 operating margin was 6.8%, against a 5-year range of 5.0% to 8.2%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the ePlus story? Biggest thing to watch: the P/E is higher than 89% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is ePlus a stock worth studying right now? What the numbers show: ePlus inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.