NYSE: BHE · Hardware, Equipment & Parts
Benchmark Electronics (BHE) fair value: undervalued or overvalued?
As of 2 Oct 2026, Faircurve's model values Benchmark Electronics (BHE) at $88.47 a share. The stock last closed at $87.39, which puts the model's fair value 1.2% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Benchmark Electronics, Inc.
Faircurve Insights · 2 Oct 2026
Benchmark Electronics, Inc. provides product design, engineering, technology solutions, and manufacturing services globally across the Americas, Asia, and Europe.
Faircurve's model on 2 Oct 2026 found a fair value of $88.47 a share, the midpoint of 2,000 simulations. This was +1.3% from the previous run on 26 Sep 2026, which gave $87.31. The calibrated range over 63 trading days was $74.22 to $107.87, built from the fair value, and held the price 60% of the time at this horizon. The model's evidence grade for this valuation was High.
The overall quality score was 61 out of 100 against comparable companies. Its earnings quality was 82, with FCF / net income at 2.37x against a peer median of 1.21x. The business was compared with Knowles Corporation, OSI Systems, Inc., Universal Display Corporation, Rogers Corporation, Vontier Corporation, CTS Corporation, and Sensata Technologies Holding plc. The median size of moves around its last 8 earnings reports, ignoring direction, was 4.1%.
Written from the figures on this page for the 2 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give BHE?
The calibrated range for BHE over 63 trading days is $74.22 to $107.87. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $70.36 to $109.32. In 57% of the simulations the fair value came out above the price the model ran on.
How does BHE score on business quality?
Benchmark Electronics's overall quality score is 61 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 45 | 7.1%ROIC | 9.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 82 | 2.37xFCF / net income | 1.21x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 52 | 0.1%Revenue growth, trailing | 5.2% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 68 | 0.3%Net buybacks / market value | 0.9% |
| Balance sheetNet debt to EBITDA and interest coverage. | 52 | -0.26xNet debt / EBITDA | -0.08x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 82 | 0.4 ptsEBITDA margin downside volatility, 5y | 5.3 pts |
How does BHE compare with similar companies?
The companies in hardware, equipment & parts closest to Benchmark Electronics in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| KN Knowles Corporation | $40.05 | $36.21 | -9.6% | Fairly valued |
| OSIS OSI Systems, Inc. | $196.78 | $188.59 | -4.2% | Fairly valued |
| OLED Universal Display Corporation | $80.37 | $78.66 | -2.1% | Fairly valued |
| ROG Rogers Corporation | $160.00 | $142.07 | -11.2% | Fairly valued |
| ITRI Itron, Inc. | $86.51 | $101.06 | +16.8% | Data under review |
| VNT Vontier Corporation | $31.66 | $48.58 | +53.4% | Undervalued |
| CTS CTS Corporation | $61.60 | $61.67 | +0.1% | Fairly valued |
| ST Sensata Technologies Holding plc | $43.51 | $48.89 | +12.4% | Fairly valued |
All hardware, equipment & parts stocks ranked by gap to fair value
When does BHE report earnings, and how has the stock reacted?
Benchmark Electronics's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 14.8% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How BHE moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 4.1%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | +3.2% |
| 29 Apr 2026 | +19.2% |
| 3 Feb 2026 | +3.9% |
| 4 Nov 2025 | +6.1% |
| 30 Jul 2025 | -4.2% |
| 29 Apr 2025 | +2.0% |
| 29 Jan 2025 | -3.2% |
| 30 Oct 2024 | -4.3% |
Benchmark Electronics at a glance
Benchmark Electronics, Inc., together with its subsidiaries, operates as a global provider, delivering a comprehensive suite of product design, engineering, technology solutions, and manufacturing services across the Americas, Asia, and Europe.
- Market value
- $3.0B
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Revenue expected, next twelve months
- $3.2B
- Consensus revenue growth, next fiscal year
- +12.9%
- Analysts with estimates
- 2
- Beta to the US market
- 1.93
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Benchmark Electronics on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for BHE was $87.31. As of 2 Oct 2026 it is $88.47, a change of +1.3%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Benchmark Electronics's valuation
Is Benchmark Electronics stock undervalued or overvalued?
On Faircurve's model, BHE reads as Fairly valued as of 2 Oct 2026. The model's fair value is $88.47 a share against a last close of $87.39, a gap of +1.2%.
What is BHE's fair value?
$88.47 a share as of 2 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $70.36 to $109.32.
What price range does the model give BHE?
$74.22 to $107.87 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Benchmark Electronics report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has BHE moved on past earnings reports?
Across its last 8 reports the median two session move was 4.1%, ignoring direction. The largest was +19.2% around the report of 29 Apr 2026.
How confident is the model in this valuation?
The model's evidence grade for BHE is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.