Plexus (PLXS) Valuation Soars After Q4 Earnings Beat & Guidance

Plexus (PLXS) has drawn fresh attention after a 7.5% move on January 13, 2026, following its Q4 2025 earnings beat on both EPS and revenue, along with higher Q1 2026 EPS guidance. The strong Q4 report and higher Q1 EPS guidance have arrived alongside firm share price momentum. The 7 day share price return is 14.95% and the 30 day share price return is 18.27%, while the 5 year total shareholder return of 123.91% indicates that longer term holders have already seen substantial gains. This suggests momentum has been building rather than fading. If Plexus has caught your attention around electronics and manufacturing, it can be useful to see what else is moving in related areas, including . With Plexus now at US$181.30 and trading above the average analyst price target of US$159, the market already seems optimistic. So is there still a mispricing here, or are investors simply paying up for future growth? Most Popular Narrative: 14% Overvalued The most followed narrative sets Plexus' fair value at US$159, which sits below the current US$181.30 share price and frames the recent move as stretched versus its own model. The analysts have a consensus price target of $154.6 for Plexus based on their expectations of its future earnings growth, profit margins and other risk factors. In order for you to agree with the analyst's consensus, you'd need to believe that by 2028, revenues will be $4.8 billion, earnings will come to $202.1 million, and it would be trading on a PE ratio of 25.2x, assuming you use a discount rate of 8.3%. Curious what kind of mid single digit growth, slightly higher margins, and a premium future P/E all have to line up to support that fair value? Result: Fair Value of $159 (OVERVALUED) However, there are still clear risks, including customer concentration and sector cyclicality. Order pushouts or contract delays could quickly challenge the current overvaluation story. Another Angle On Valuation Our SWS DCF model estimates a fair value of US$72.33 for Plexus, compared to the current share price of US$181.30. Using this method, the stock appears expensive relative to the narrative fair value of US$159. Which perspective do you think more closely reflects how the market will price Plexus over time? Build Your Own Plexus Narrative If you look at the numbers and reach a different conclusion, or just prefer to test your own assumptions, you can build a full narrative in a few minutes by starting with . A great starting point for your Plexus research is our analysis highlighting that could impact your investment decision. Looking for more investment ideas? If Plexus no longer feels like the only name on your watchlist, it is worth broadening your search before the next opportunity moves without you. Spot potential value opportunities early by scanning that stand out on cash flow based pricing. Catch emerging tech themes by reviewing that could benefit from growing adoption of artificial intelligence. Build income focused watchlists by filtering for that might support a more consistent return profile. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.