Plexus Corp. (PLXS) intrinsic value & 10-year financials
Plexus Corp. (PLXS) has a Graham intrinsic value of $132.32 per share. At $230.47 on Oct 17, 2026, the stock trades 74% above that value. Over the last 10 fiscal years revenue grew 5.2% a year to $4.0B, with an average return on invested capital of 15.2%.
- Graham intrinsic value
- $132.32
- Share price (Oct 17, 2026)
- $230.47
- Price vs Graham value
- 74% above
- Market cap
- $6.4B
- Revenue (FY2025)
- $4.0B
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 15.2%
- Free cash flow (FY2025)
- $154.0M
PLXS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.0B | $172.9M | $6.26 | $154.0M | 5.0% | 16.4% |
| FY2024 | $4.1B | $111.8M | $4.01 | $341.3M | 4.1% | 13.9% |
| FY2023 | $4.3B | $139.1M | $4.95 | $61.8M | 4.5% | 17.5% |
| FY2022 | $3.9B | $138.2M | $4.86 | -$127.9M | 4.5% | 18.0% |
| FY2021 | $3.5B | $138.9M | $4.76 | $85.5M | 5.1% | 20.4% |
| FY2020 | $3.5B | $117.5M | $3.93 | $160.3M | 4.4% | 16.7% |
| FY2019 | $3.3B | $108.6M | $3.50 | $24.7M | 4.3% | 14.1% |
| FY2018 | $2.9B | $13.0M | $0.38 | $4.1M | 4.1% | 7.5% |
| FY2017 | $2.5B | $112.1M | $3.24 | $133.2M | 5.1% | 15.8% |
| FY2016 | $2.6B | $76.4M | $2.24 | $96.6M | 3.9% | 11.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PLEXUS CORP has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
PLEXUS CORP has earned high returns on invested capital, averaging 15.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, PLEXUS CORP shows that management has aggressively returned capital to shareholders by retiring 19.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PLEXUS CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $132.32 per share.