PLXS vs CLS vs BHE Stock Comparison

Plexus, Celestica and Benchmark Electronics Prices as of Oct 27, 2026 Peers: Industry group
PLXS Plexus Corp
$230.29 -12.5% 1M +60.7% 1Y
Market cap
$6.22B
P/E
33.6x
Revenue (TTM)
$4.60B
Div. yield
–
Electronic Manufacturing Services Technology
1 win
CLS Celestica Inc
$276.22 -24.4% 1M -8.5% 1Y
Market cap
$35.46B
P/E
28.5x
Revenue (TTM)
$18.23B
Div. yield
–
Electronic Manufacturing Services Technology
9 wins
BHE Benchmark Electronics Inc
$70.75 -14.3% 1M +67.3% 1Y
Market cap
$2.58B
P/E
48.6x
Revenue (TTM)
$2.82B
Div. yield
–
Electronic Manufacturing Services Technology
1 win

Head to Head

11 decided of 12

Celestica leads on 9 of the 12 questions below (Celestica 9, Benchmark Electronics 1, Plexus 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPLXSCLSBHELeader
Larger companyMarket capitalisation $6.22B $35.46B $2.58B CLS
Cheaper on earningsLower P/E, profitable companies only 33.6x 28.5x 48.6x CLS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.6x 23.9x 24.6x CLS
Faster revenue growthRevenue growth, trailing twelve months +14.2% +61.6% +8.9% CLS
More profitableNet margin, trailing twelve months 4.0% 6.8% 1.9% CLS
Better return on capitalReturn on invested capital 11.3% 25.0% 4.7% CLS
Less leveragedLower net debt / EBITDA -0.1x -1.9x -0.9x CLS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +60.7% -8.5% +67.3% BHE
Better 5-year returnAnnualised price return, 5 years +21.4%/yr +95.0%/yr +25.0%/yr CLS
Less volatileAnnualised volatility, 1 year 41.4% 79.9% 45.7% PLXS
Higher overall scoreMean of the five percentile scores vs peers 53/100 61/100 60/100 CLS

Percentile Scorecard

PLXSCLSBHE

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

AxisPLXSCLSBHE
Valuation 53 #53 of 112 65 #40 of 112 81 #22 of 112
Growth 45 #60 of 109 91 #11 of 109 55 #50 of 109
Profitability 54 #48 of 104 78 #24 of 104 52 #51 of 104
Financial Health 41 #69 of 116 57 #51 of 116 48 #61 of 116
Shareholder Returns 69 #26 of 81 16 #68 of 81 63 #31 of 81
Overall 53 61 60
  • PLXS ranked among 122 companies in Computer Hardware
  • CLS 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

PeriodPLXSCLSBHESPY
1 month -12.5%-24.4%-14.3% -0.2%
3 months -7.9%-21.1%-7.9% +3.9%
6 months -6.5%-23.6%+2.8% +8.2%
Year to date +56.7%-6.6%+65.5% +12.9%
1 year +60.7%-8.5%+67.3% +12.3%
3 years +143.2%+1,134.2%+194.2% +87.4%
3 years, per year +34.5%+131.2%+43.3% +23.3%
5 years +163.3%+2,715.7%+205.1% +67.9%
5 years, per year +21.4%+95.0%+25.0% +10.9%
10 years +407.4%+2,211.5%+181.3% +261.1%
10 years, per year +17.6%+36.9%+10.9% +13.7%

Risk

MeasurePLXSCLSBHESPY
Volatility, 1Y 41.4%79.9%45.7% 12.7%
Downside volatility, 1Y 44.0%86.3%47.6% 12.7%
Beta vs S&P 500, 1Y 1.733.381.99 1.00
Return / volatility, 1Y 1.47-0.111.47 0.97
Max drawdown, 5Y -34.9%-54.0%-37.2% -25.4%
From 52-week high -24.2%-41.5%-28.3% -1.2%
52-week high $303.82$472.40$98.67 $779.14
52-week low $132.74$246.25$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.

MultiplePLXSCLSBHE
P/E now vs peer median 33.2xmedian 33.2x 26.7xmedian 33.2x 47.8xmedian 33.2x
P/S now vs peer median 1.3xmedian 2.8x 1.9xmedian 2.8x 0.9xmedian 2.8x
EV/EBITDA now vs peer median 19.9xmedian 20.0x 18.8xmedian 20.0x 15.6xmedian 20.0x
P/FCF now vs peer median 99.3xmedian 29.8x 63.9xmedian 29.8x 20.0xmedian 29.8x
P/B now vs peer median 4.0xmedian 3.0x 5.6xmedian 3.0x 2.3xmedian 3.0x
PEG now vs peer median 3.95median 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 monthsPLXSCLSBHE
Revenue $4.60B $18.23B $2.82B
Gross profit $461.48M $2.09B $289.75M
Operating income $230.67M $1.50B $95.93M
Net income $185.41M $1.25B $53.14M
Free cash flow $61.87M $545.40M $126.98M
R&D – $168.90M –
EPS (diluted) $6.79 $10.23 $1.46
Cash & equivalents $314.05M $3.96B $314.84M
Total debt $275.46M $818.80M $180.98M
Shares (diluted) 27.29M 121.80M 36.40M
Enterprise value $5.05B $29.99B $1.34B

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
MetricPLXSCLSBHE
P/E 33.2x 26.7x 47.8x
P/FCF 99.3x 63.9x 20.0x
P/Operating cash flow 35.9x 24.7x 14.4x
P/S 1.3x 1.9x 0.9x
P/B 4.0x 5.6x 2.3x
P/Tangible book 4.0x 5.8x 2.3x
EV/EBITDA 19.9x 18.8x 15.6x
EV/EBIT 26.5x 21.1x 25.1x
EV/Revenue 1.3x 1.7x 0.9x
EV/FCF 98.7x 58.1x 19.0x
EV/Operating cash flow 35.7x 22.5x 13.6x
PEG (3Y EPS CAGR) 3.95 – -6.15

Growth

14 metrics
MetricPLXSCLSBHE
Revenue growth (1Y) 14.2% 61.6% 8.9%
Revenue CAGR (3Y) 2.2% – -1.5%
Gross profit growth (1Y) 12.7% 53.8% 10.3%
Gross profit CAGR (3Y) 4.5% – 2.4%
Operating income growth (1Y) 13.6% 62.0% 7.9%
Operating income CAGR (3Y) 4.0% – -1.2%
Net income growth (1Y) 14.0% 73.8% 46.7%
Net income CAGR (3Y) 7.5% – -7.2%
EPS growth (1Y) 15.0% 65.4% 46.2%
EPS CAGR (3Y) 8.4% – -7.8%
Operating cash flow growth (1Y) -49.3% 154.8% 55.8%
Operating cash flow CAGR (3Y) 31.3% – 60.0%
Free cash flow growth (1Y) -75.3% 37.0% 57.3%
Free cash flow CAGR (3Y) 70.7% – 41.8%

Profitability

14 metrics
MetricPLXSCLSBHE
Gross margin 10.0% 11.5% 10.3%
EBITDA margin 6.7% 9.3% 5.5%
Operating margin 5.0% 8.3% 3.4%
Pretax margin 4.7% 8.0% 3.0%
Net margin 4.0% 6.8% 1.9%
FCF margin 1.3% 3.0% 4.5%
Operating cash flow margin 3.7% 7.7% 6.3%
Return on equity 12.3% 28.7% 4.8%
Return on assets 5.3% 10.0% 2.5%
Return on invested capital 11.3% 25.0% 4.7%
Return on capital employed 14.9% 32.1% 7.1%
Asset turnover 1.3x 1.5x 1.3x
Cash conversion (OCF / net income) 0.9x 1.1x 3.3x
Stock comp / revenue 1.0% 0.5% 0.7%

Financial Health

11 metrics
MetricPLXSCLSBHE
Debt / assets 7.6% 5.4% 8.2%
Debt / equity 0.2x 0.1x 0.2x
Net debt / EBITDA -0.1x -1.9x -0.9x
Debt / FCF 4.5x 1.5x 1.4x
Liabilities / assets 57.9% 59.0% 49.6%
Equity / assets 42.1% 41.0% 50.4%
Interest coverage 18.0x 21.3x 6.0x
Current ratio 1.5x 1.6x 2.0x
Quick ratio 0.7x 1.0x 1.2x
Cash ratio 0.2x 0.5x 0.4x
Altman Z-score 4.36 – 3.60

Shareholder Returns

7 metrics
MetricPLXSCLSBHE
Dividend yield – – 1.0%
Net buyback yield 1.4% -9.6% 0.7%
Shareholder yield 1.4% -9.6% 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.

ConsensusPLXSCLSBHE
Forward P/E 27.6xFY2026 23.9xFY2026 24.6xFY2026
EPS, next fiscal year $8.35FY2026 $11.54FY2026 $2.88FY2026
EPS growth, next FY +12.4%FY2026 +93.3%FY2026 +20.0%FY2026
EPS growth, the year after +26.7% +77.4% +22.9%
Revenue, next fiscal year $4.60BFY2026 $20.07BFY2026 $3.16BFY2026
Revenue growth, next FY +14.1%FY2026 +64.1%FY2026 +18.8%FY2026
Revenue growth, the year after +16.8% +70.3% +9.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPLXSCLSBHE
Held by institutions 99.7% 69.0% 100.0%
Institutions holding 447 874 331
Change in shares held, QoQ -0.6% +5.0% -0.2%
Institutions buying 245 519 190
Institutions selling 135 272 106
Buyers to sellers 1.81 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.

PLXSCLSBHE
PLXS 1.00 0.54 0.80
CLS 0.54 1.00 0.61
BHE 0.80 0.61 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, PLXS, CLS and BHE?

Celestica (CLS) is the largest by market capitalisation: Plexus (PLXS) $6.22B, Celestica (CLS) $35.46B, Benchmark Electronics (BHE) $2.58B.

Which stock is cheaper, PLXS, CLS and BHE?

Celestica (CLS) trades on the lowest price-to-earnings ratio (Plexus (PLXS) 33.6x, Celestica (CLS) 28.5x, Benchmark Electronics (BHE) 48.6x). On next year's consensus earnings, Celestica (CLS) is cheapest (Plexus (PLXS) 27.6x, 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: Plexus (PLXS) +14.2%, Celestica (CLS) +61.6%, Benchmark Electronics (BHE) +8.9%.

Which company is more profitable?

Celestica (CLS) has the highest net margin (Plexus (PLXS) 4.0%, Celestica (CLS) 6.8%, Benchmark Electronics (BHE) 1.9%). On return on invested capital, Celestica (CLS) leads (Plexus (PLXS) 11.3%, Celestica (CLS) 25.0%, Benchmark Electronics (BHE) 4.7%).

Which stock has performed better?

Over the past year Benchmark Electronics (BHE) returned the most: Plexus (PLXS) +60.7%, Celestica (CLS) -8.5%, Benchmark Electronics (BHE) +67.3%. Over five years, Celestica (CLS) compounded fastest (Plexus (PLXS) +21.4%/yr, Celestica (CLS) +95.0%/yr, Benchmark Electronics (BHE) +25.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Plexus (PLXS) has been the steadiest (Plexus (PLXS) 41.4%, Celestica (CLS) 79.9%, Benchmark Electronics (BHE) 45.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PLXS, CLS 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 9. 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.