NASDAQ: PLXS · Hardware, Equipment & Parts
Plexus (PLXS) fair value: undervalued or overvalued?
As of 30 Sep 2026, Faircurve's model values Plexus (PLXS) at $252.20 a share. The stock last closed at $273.13, which puts the model's fair value 7.7% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Plexus Corp.
Faircurve Insights · 30 Sep 2026
Plexus Corp. and its subsidiaries specialize in delivering advanced electronic manufacturing solutions, operating globally across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions.
Faircurve's model valued Plexus Corp. at $252.20 a share on 30 Sep 2026, the midpoint of 2,000 simulations. This fair value moved +0.2% from the previous run on 26 Sep 2026, which gave $251.70. The calibrated range over 63 trading days is $211.59 to $307.51, built from the fair value, since there is no live options data for the stock, and calibrated weekly against realised prices. Ranges built this way held the price 60% of the time at this horizon, and the model graded the evidence as High.
The business scored 68 out of 100 on overall quality against comparable companies. Its profitability was 85, its earnings quality 41, its growth quality 64, its capital discipline 55, its balance sheet 74, and its stability 90. The model compared it with ESCO Technologies Inc., Ralliant Corp, Sensata Technologies Holding plc, Cognex Corporation, Littelfuse, Inc., Vontier Corporation, Advanced Energy Industries, Inc., and Sanmina Corporation. The median size of moves around the last 8 earnings reports, ignoring direction, was 6.3%.
Written from the figures on this page for the 30 Sep 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 PLXS?
The calibrated range for PLXS over 63 trading days is $211.59 to $307.51. 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 $201.78 to $310.22. In 41% of the simulations the fair value came out above the price the model ran on.
How does PLXS score on business quality?
Plexus's overall quality score is 68 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. | 85 | 13.1%ROIC | 8.3% |
| 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). | 41 | 0.33xFCF / net income | 0.16x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 64 | 1.8%Revenue growth, trailing | 8.9% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 55 | 1.2%Net buybacks / market value | 0.9% |
| Balance sheetNet debt to EBITDA and interest coverage. | 74 | -0.06xNet debt / EBITDA | 1.42x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 90 | 0.3 ptsEBITDA margin downside volatility, 5y | 1.1 pts |
How does PLXS compare with similar companies?
The companies in hardware, equipment & parts closest to Plexus in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| ESE ESCO Technologies Inc. | $274.95 | $258.96 | -5.8% | Fairly valued |
| RAL Ralliant Corp | $73.20 | $73.62 | +0.6% | Fairly valued |
| ST Sensata Technologies Holding plc | $43.51 | $48.89 | +12.4% | Fairly valued |
| CGNX Cognex Corporation | $64.97 | $53.21 | -18.1% | Overvalued |
| LFUS Littelfuse, Inc. | $456.53 | $462.77 | +1.4% | Fairly valued |
| VNT Vontier Corporation | $31.66 | $48.58 | +53.4% | Undervalued |
| AEIS Advanced Energy Industries, Inc. | $304.28 | $299.09 | -1.7% | Fairly valued |
| SANM Sanmina Corporation | $229.04 | $258.36 | +12.8% | Fairly valued |
All hardware, equipment & parts stocks ranked by gap to fair value
When does PLXS report earnings, and how has the stock reacted?
Plexus's next earnings report is scheduled for 28 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 6.2% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How PLXS 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 6.3%.
| Report date | Two session move |
|---|---|
| 29 Jul 2026 | -3.2% |
| 29 Apr 2026 | +1.7% |
| 28 Jan 2026 | +13.9% |
| 22 Oct 2025 | -0.3% |
| 23 Jul 2025 | -11.5% |
| 23 Apr 2025 | +5.0% |
| 22 Jan 2025 | -10.0% |
| 23 Oct 2024 | +7.5% |
Plexus at a glance
Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions, Plexus Corp. and its subsidiaries specialize in delivering advanced electronic manufacturing solutions.
- Market value
- $7.0B
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Revenue expected, next twelve months
- $5.6B
- Consensus revenue growth, next fiscal year
- +21.4%
- Analysts with estimates
- 4
- Beta to the US market
- 1.72
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Plexus 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 PLXS was $251.70. As of 30 Sep 2026 it is $252.20, a change of +0.2%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Plexus's valuation
Is Plexus stock undervalued or overvalued?
On Faircurve's model, PLXS reads as Fairly valued as of 30 Sep 2026. The model's fair value is $252.20 a share against a last close of $273.13, a gap of -7.7%.
What is PLXS's fair value?
$252.20 a share as of 30 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $201.78 to $310.22.
What price range does the model give PLXS?
$211.59 to $307.51 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 Plexus report earnings next?
The next report is scheduled for 28 Oct 2026. Companies can move their dates.
How much has PLXS moved on past earnings reports?
Across its last 8 reports the median two session move was 6.3%, ignoring direction. The largest was +13.9% around the report of 28 Jan 2026.
How confident is the model in this valuation?
The model's evidence grade for PLXS 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.