CLS vs DSWL vs BHE Stock Comparison

Celestica, Deswell Industries and Benchmark Electronics Prices as of Oct 27, 2026 Peers: Industry group
CLS Celestica Inc
$276.22 -24.4% 1M -8.5% 1Y
Market cap
$34.83B
P/E
26.7x
Revenue (TTM)
$18.23B
Div. yield
–
Electronic Manufacturing Services Technology
7 wins
DSWL Deswell Industries Inc
$2.98 -3.9% 1M -15.1% 1Y
Market cap
$47.34M
P/E
4.5x
Revenue (TTM)
—
Div. yield
10.07%
Electronic Manufacturing Services Technology
4 wins
BHE Benchmark Electronics Inc
$70.75 -14.3% 1M +67.3% 1Y
Market cap
$2.54B
P/E
47.8x
Revenue (TTM)
$2.82B
Div. yield
0.96%
Electronic Manufacturing Services Technology
1 win

Head to Head

12 decided of 12

Celestica leads on 7 of the 12 questions below (Celestica 7, Deswell Industries 4, Benchmark Electronics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLSDSWLBHELeader
Larger companyMarket capitalisation $34.83B $47.34M $2.54B CLS
Cheaper on earningsLower P/E, profitable companies only 26.7x 4.5x 47.8x DSWL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.9x — 24.6x CLS
Faster revenue growthRevenue growth, trailing twelve months +61.6% — +8.9% CLS
More profitableNet margin, trailing twelve months 6.8% — 1.9% CLS
Better return on capitalReturn on invested capital 25.0% — 4.7% CLS
Less leveragedLower net debt / EBITDA -1.9x — -0.9x CLS
Higher dividend yieldTrailing dividend yield — 10.07% 0.96% DSWL
Better 1-year returnPrice return, last 12 months -8.5% -15.1% +67.3% BHE
Better 5-year returnAnnualised price return, 5 years +95.0%/yr -5.6%/yr +25.0%/yr CLS
Less volatileAnnualised volatility, 1 year 79.9% 43.2% 45.7% DSWL
Higher overall scoreMean of the five percentile scores vs peers 61/100 95/100 60/100 DSWL

Percentile Scorecard

CLSDSWLBHE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLSDSWLBHE
Valuation 65 #40 of 112 97 #4 of 112 81 #22 of 112
Growth 91 #11 of 109 – 55 #50 of 109
Profitability 78 #24 of 104 – 52 #51 of 104
Financial Health 57 #51 of 116 89 #14 of 116 48 #61 of 116
Shareholder Returns 16 #68 of 81 100 #1 of 81 63 #31 of 81
Overall 61 95 60
  • CLS ranked among 122 companies in Computer Hardware
  • DSWL ranked among 122 companies in Computer Hardware
  • BHE ranked among 122 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLSDSWLBHESPY
1 month -24.4%-3.9%-14.3% -0.2%
3 months -21.1%-13.1%-7.9% +3.9%
6 months -23.6%-11.0%+2.8% +8.2%
Year to date -6.6%-13.9%+65.5% +12.9%
1 year -8.5%-15.1%+67.3% +12.3%
3 years +1,134.2%+31.9%+194.2% +87.4%
3 years, per year +131.2%+9.7%+43.3% +23.3%
5 years +2,715.7%-25.1%+205.1% +67.9%
5 years, per year +95.0%-5.6%+25.0% +10.9%
10 years +2,211.5%+69.3%+181.3% +261.1%
10 years, per year +36.9%+5.4%+10.9% +13.7%

Risk

MeasureCLSDSWLBHESPY
Volatility, 1Y 79.9%43.2%45.7% 12.7%
Downside volatility, 1Y 86.3%44.2%47.6% 12.7%
Beta vs S&P 500, 1Y 3.380.241.99 1.00
Return / volatility, 1Y -0.11-0.351.47 0.97
Max drawdown, 5Y -54.0%-56.6%-37.2% -25.4%
From 52-week high -41.5%-26.6%-28.3% -1.2%
52-week high $472.40$4.06$98.67 $779.14
52-week low $246.25$2.91$42.15 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLSDSWLBHE
P/E now vs peer median 26.7xmedian 33.2x 4.5xmedian 33.2x 47.8xmedian 33.2x
P/S now vs peer median 1.9xmedian 2.8x 0.8xmedian 2.8x 0.9xmedian 2.8x
EV/EBITDA now vs peer median 18.8xmedian 20.0x —median 20.0x 15.6xmedian 20.0x
P/FCF now vs peer median 63.9xmedian 29.8x 10.0xmedian 29.8x 20.0xmedian 29.8x
P/B now vs peer median 5.6xmedian 3.0x 0.4xmedian 3.0x 2.3xmedian 3.0x
PEG now vs peer median —median 1.17 —median 1.17 -6.15median 1.17

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLSDSWLBHE
Revenue $18.23B – $2.82B
Gross profit $2.09B – $289.75M
Operating income $1.50B – $95.93M
Net income $1.25B – $53.14M
Free cash flow $545.40M – $126.98M
R&D $168.90M – –
EPS (diluted) $10.23 – $1.46
Cash & equivalents $3.96B $23.06M $314.84M
Total debt $818.80M – $180.98M
Shares (diluted) 121.80M 15.92M 36.40M
Enterprise value $29.36B -$147.95M $1.29B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLSDSWLBHE
P/E 26.7x 4.5x 47.8x
P/FCF 63.9x 10.0x 20.0x
P/Operating cash flow 24.7x – 14.4x
P/S 1.9x 0.8x 0.9x
P/B 5.6x 0.4x 2.3x
P/Tangible book 5.8x 0.4x 2.3x
EV/EBITDA 18.8x – 15.6x
EV/EBIT 21.1x – 25.1x
EV/Revenue 1.7x – 0.9x
EV/FCF 58.1x – 19.0x
EV/Operating cash flow 22.5x – 13.6x
PEG (3Y EPS CAGR) – – -6.15

Growth

14 metrics
MetricCLSDSWLBHE
Revenue growth (1Y) 61.6% – 8.9%
Revenue CAGR (3Y) – – -1.5%
Gross profit growth (1Y) 53.8% – 10.3%
Gross profit CAGR (3Y) – – 2.4%
Operating income growth (1Y) 62.0% – 7.9%
Operating income CAGR (3Y) – – -1.2%
Net income growth (1Y) 73.8% – 46.7%
Net income CAGR (3Y) – – -7.2%
EPS growth (1Y) 65.4% – 46.2%
EPS CAGR (3Y) – – -7.8%
Operating cash flow growth (1Y) 154.8% – 55.8%
Operating cash flow CAGR (3Y) – – 60.0%
Free cash flow growth (1Y) 37.0% – 57.3%
Free cash flow CAGR (3Y) – – 41.8%

Profitability

14 metrics
MetricCLSDSWLBHE
Gross margin 11.5% – 10.3%
EBITDA margin 9.3% – 5.5%
Operating margin 8.3% – 3.4%
Pretax margin 8.0% – 3.0%
Net margin 6.8% – 1.9%
FCF margin 3.0% – 4.5%
Operating cash flow margin 7.7% – 6.3%
Return on equity 28.7% – 4.8%
Return on assets 10.0% – 2.5%
Return on invested capital 25.0% – 4.7%
Return on capital employed 32.1% – 7.1%
Asset turnover 1.5x – 1.3x
Cash conversion (OCF / net income) 1.1x – 3.3x
Stock comp / revenue 0.5% – 0.7%

Financial Health

11 metrics
MetricCLSDSWLBHE
Debt / assets 5.4% – 8.2%
Debt / equity 0.1x – 0.2x
Net debt / EBITDA -1.9x – -0.9x
Debt / FCF 1.5x – 1.4x
Liabilities / assets 59.0% 15.8% 49.6%
Equity / assets 41.0% 84.2% 50.4%
Interest coverage 21.3x – 6.0x
Current ratio 1.6x 5.2x 2.0x
Quick ratio 1.0x 3.1x 1.2x
Cash ratio 0.5x 2.5x 0.4x
Altman Z-score – – 3.60

Shareholder Returns

7 metrics
MetricCLSDSWLBHE
Dividend yield – 10.1% 1.0%
Net buyback yield -9.6% – 0.7%
Shareholder yield -9.6% 10.1% 1.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLSDSWLBHE
Forward P/E 23.9xFY2026 – 24.6xFY2026
EPS, next fiscal year $11.54FY2026 – $2.88FY2026
EPS growth, next FY +93.3%FY2026 – +20.0%FY2026
EPS growth, the year after +77.4% – +22.9%
Revenue, next fiscal year $20.07BFY2026 – $3.16BFY2026
Revenue growth, next FY +64.1%FY2026 – +18.8%FY2026
Revenue growth, the year after +70.3% – +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLSDSWLBHE
Held by institutions 69.0% – 100.0%
Institutions holding 874 – 331
Change in shares held, QoQ +5.0% – -0.2%
Institutions buying 519 – 190
Institutions selling 272 – 106
Buyers to sellers 1.91 – 1.79

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLSDSWLBHE
CLS 1.00 0.10 0.61
DSWL 0.10 1.00 0.12
BHE 0.61 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLS, DSWL and BHE?

Celestica (CLS) is the largest by market capitalisation: Celestica (CLS) $34.83B, Deswell Industries (DSWL) $47.34M, Benchmark Electronics (BHE) $2.54B.

Which stock is cheaper, CLS, DSWL and BHE?

Deswell Industries (DSWL) trades on the lowest price-to-earnings ratio (Celestica (CLS) 26.7x, Deswell Industries (DSWL) 4.5x, Benchmark Electronics (BHE) 47.8x). On next year's consensus earnings, Celestica (CLS) is cheapest (Celestica (CLS) 23.9x, Benchmark Electronics (BHE) 24.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Celestica (CLS) grew revenue fastest over the trailing twelve months: Celestica (CLS) +61.6%, Benchmark Electronics (BHE) +8.9%.

Which company is more profitable?

Celestica (CLS) has the highest net margin (Celestica (CLS) 6.8%, Benchmark Electronics (BHE) 1.9%). On return on invested capital, Celestica (CLS) leads (Celestica (CLS) 25.0%, Benchmark Electronics (BHE) 4.7%).

Which stock has performed better?

Over the past year Benchmark Electronics (BHE) returned the most: Celestica (CLS) -8.5%, Deswell Industries (DSWL) -15.1%, Benchmark Electronics (BHE) +67.3%. Over five years, Celestica (CLS) compounded fastest (Celestica (CLS) +95.0%/yr, Deswell Industries (DSWL) -5.6%/yr, Benchmark Electronics (BHE) +25.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Deswell Industries (DSWL) has the highest dividend yield: Deswell Industries (DSWL) 10.07%, Benchmark Electronics (BHE) 0.96%. Celestica (CLS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Deswell Industries (DSWL) has been the steadiest (Celestica (CLS) 79.9%, Deswell Industries (DSWL) 43.2%, Benchmark Electronics (BHE) 45.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLS, DSWL and BHE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Celestica (CLS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.