PLEXUS CORP.

PLXS · Technology · $6.7B mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power27

Median gross margin 9.1% over 10y, very stable.

Returns on capital82

Median ROIC 15.9%, above the 9% hurdle in 100% of years.

Balance-sheet safety66

Net debt/EBITDA n/ax, interest coverage 17x.

Capital discipline83

Owner earnings +7.2%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

169% above value

Owner earnings (normalized): $139.1M
Est. intrinsic value / share: $93.32
Recent price: $251.18
Discount to value: 169% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell PLXS. See the disclaimer.