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ePlus Valuation Multiples

Discover ePlus' revenue and EBITDA valuation multiples and M&A history, alongside public comparables like SoftwareOne, ArcSoft, Netcompany, Rakus Co and more.

ePlus Overview

About ePlus

ePlus Inc is a provider of technology solutions across the IT spectrum, spanning security, cloud, data center, networking, collaboration, AI, service provider, and critical infrastructure, and emerging solutions, to domestic and foreign organizations across all industry segments. Its solutions leverage a broad range of professional, consultative, and managed services across the technology spectrum. The company possesses top-level engineering certifications with a broad range of IT technologies that enable the company to offer multi-vendor IT solutions that are optimized for each of its customers’ specific requirements. It also offers a wide portfolio of technology and other capital asset financing solutions to customers across commercial and government enterprises, designing programs.


Founded

2008

HQ

United States

Employees

2.2K

Website

eplus.com

Financials (LTM)

Revenue: $2B
EBITDA: $206M

EV

$2B

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ePlus Financials

ePlus reported last 12-month revenue of $2B and EBITDA of $206M.

In the same LTM period, ePlus generated $622M in gross profit, $206M in EBITDA, and $130M in net income.

Revenue (LTM)


ePlus P&L

In the most recent fiscal year, ePlus reported revenue of $2B and EBITDA of $205M.

ePlus is profitable as of last fiscal year, with gross margin of 25%, EBITDA margin of 8%, and net margin of 5%.

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LTMLast FY202320242025202620272028
Revenue$2B$2B$2B$2B$2B
Gross Profit$622M$616M$542M$565M$604M
Gross Margin25%25%25%27%26%
EBITDA$206M$205M$190M$183M$196M
EBITDA Margin8%8%9%9%8%
EBIT Margin7%7%8%7%7%
Net Profit$130M$133M$117M$110M$126M
Net Margin5%5%5%5%5%

Financial data powered by Morningstar, Inc.

ePlus Stock Performance

ePlus has current market cap of $2B, and enterprise value of $2B.

Market Cap Evolution


ePlus' stock price is $83.19.

ePlus share price increased by 1.3% in the last 30 days, and by 15.4% in the last year.

ePlus has an EPS (earnings per share) of $5.07.

See more trading valuation data for ePlus
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$2B0.1%1.3%10.6%15.4%$5.07

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ePlus Valuation Multiples

ePlus trades at 0.8x EV/Revenue multiple, and 9.1x EV/EBITDA.

See NTM and 2027E valuation multiples for ePlus

EV / Revenue (LTM)


ePlus Financial Valuation Multiples

As of June 15, 2026, ePlus has market cap of $2B and EV of $2B.

ePlus has a P/E ratio of 16.7x.

LTMLast FY202320242025202620272028
EV/Revenue0.8x0.8x0.9x0.9x0.8x
EV/EBITDA9.1x9.2x9.9x10.3x9.6x
EV/EBIT11.0x11.2x11.5x12.7x11.7x
EV/Gross Profit3.0x3.1x3.5x3.3x3.1x
P/E16.7x16.4x18.6x19.8x17.2x
EV/FCF(36.7x)(16.7x)10.8x6.7x(113.5x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified ePlus Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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ePlus Margins & Growth Rates

ePlus grew revenue by 5% and EBITDA by 4% in the last fiscal year.

In the most recent fiscal year, ePlus reported gross margin of 25%, EBITDA margin of 8%, and net margin of 5%.

See estimated margins and future growth rates for ePlus

ePlus Margins

Last FY202420252026202720282029
Gross Margin25%27%26%25%
EBITDA Margin8%9%8%8%
EBIT Margin7%7%7%7%
Net Margin5%5%5%5%
FCF Margin(5%)13%(1%)4%

ePlus Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth5%(4%)11%8%
Gross Profit Growth4%4%7%5%
EBITDA Growth4%(3%)7%7%
EBIT Growth7%(10%)8%10%
Net Profit Growth(9%)(6%)15%(2%)
FCF Growth(265%)62%(106%)(757%)

Data powered by FactSet, Inc. and Morningstar, Inc.

ePlus Operational KPIs

ePlus' revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.2M for the same period.

ePlus' Rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

ePlus' Rule of X is 27% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for ePlus
LTMLast FY202320242025202620272028
Rule of 4013%16%---
Bessemer Rule of X20%27%---
Revenue per Employee-$1.1M---
Opex per Employee-$0.2M---
Opex to Revenue-18%17%20%19%

Data powered by FactSet, Inc. and Morningstar, Inc.

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ePlus Competitors

ePlus competitors include SoftwareOne, ArcSoft, Netcompany, Rakus Co, Redington, 4iG, Atea, BigBear.ai, Black Box and Dentsu Soken.

Most ePlus public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
SoftwareOne1.1x1.0x5.3x4.5x
ArcSoft13.5x12.6x39.2x41.8x
Netcompany2.3x2.2x15.1x13.3x
Rakus Co6.1x4.9x26.5x15.4x
Redington0.2x0.2x8.8x8.5x
4iG2.0x-5.0x-
Atea0.4x0.4x9.1x8.7x
BigBear.ai12.5x11.9x(45.5x)(51.1x)

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Acquisitions by ePlus

ePlus has acquired 9 companies to date.

Last acquisition by ePlus was on August 20th 2024. ePlus acquired Bailiwick for undisclosed valuation.

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Latest Acquisitions by ePlus

Bailiwick
PEAK Resources
Future Com
Systems Management Planning
Description
Bailiwick is a managed IT services provider implementing large-scale infrastructure projects for enterprises. Headquartered in Richmond, Virginia, the company specializes in data center migrations, cloud integrations, and cybersecurity deployments. Bailiwick serves clients in finance and healthcare with 24/7 monitoring from its network operations center.
PEAK Resources is a provider of IT infrastructure design and integration for servers, storage, networking, and cybersecurity solutions. Based in Richmond, Virginia, the company deploys Cisco, Dell, and HPE hardware for enterprise clients in healthcare, finance, and government sectors. PEAK Resources offers managed services including data center migrations and cloud hybrid setups across the Mid-Atlantic.
Future Com is a Grapevine, Texas-headquartered integrator of network hardware, appliances, software, support, and consulting services since 1991. The privately held firm customizes solutions from partners like Cisco and Palo Alto Networks for enterprises, SMBs, healthcare providers, government agencies, and educational institutions nationwide.
Systems Management Planning is a Rochester, New York-headquartered IT solutions provider specializing in audio visual, collaboration, data center, networking, and security systems. Operating for over 25 years, SMP partners with Cisco, Dell EMC, NetApp, and VMware to serve healthcare, education, government, and manufacturing clients across the northeastern United States. The company holds multiple vendor certifications and recognition as a top workplace in New York State.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Minneapolis, MN
Denver, CO
Dallas, TX
Rochester, MN
Deal Date20 Aug 202429 Jan 202418 Jul 20224 Jan 2021
Valuationundisclosedundisclosed$13M$27M
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About ePlus

When was ePlus founded?ePlus was founded in 2008.
Where is ePlus headquartered?ePlus is headquartered in United States.
How many employees does ePlus have?As of today, ePlus has over 2K employees.
Who is the CEO of ePlus?ePlus' CEO is Mark P. Marron.
Is ePlus publicly listed?Yes, ePlus is a public company listed on Nasdaq.
What is the stock symbol of ePlus?ePlus trades under PLUS ticker.
When did ePlus go public?ePlus went public in 1996.
Who are competitors of ePlus?ePlus main competitors include SoftwareOne, ArcSoft, Netcompany, Rakus Co, Redington, 4iG, Atea, BigBear.ai, Black Box, Dentsu Soken.
What is the current market cap of ePlus?ePlus' current market cap is $2B.
What is the current revenue of ePlus?ePlus' last 12 months revenue is $2B.
What is the current revenue growth of ePlus?ePlus revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of ePlus?Current revenue multiple of ePlus is 0.8x.
What is the current EBITDA of ePlus?ePlus' last 12 months EBITDA is $206M.
What is ePlus' EBITDA margin?ePlus' last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of ePlus?Current EBITDA multiple of ePlus is 9.1x.
What is the current FCF of ePlus?ePlus' last 12 months FCF is ($51M).
What is ePlus' FCF margin?ePlus' last 12 months FCF margin is (2%).
What is the current EV/FCF multiple of ePlus?Current FCF multiple of ePlus is (36.7x).
How many companies ePlus has acquired to date?As of June 2026, ePlus has acquired 9 companies.
What was the largest acquisition by ePlus?$50M acquisition of SLAIT Consulting on 22nd January 2019 was the largest M&A ePlus has done to date.
What companies ePlus acquired?ePlus acquired SLAIT Consulting, Integrated Data Storage, Systems Management Planning, IGX Global, Future Com, OneCloud Consulting, Bailiwick, ABS Technology, and PEAK Resources.
In how many companies ePlus has invested to date?ePlus hasn't invested in any companies yet (or none have been disclosed publicly).

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