PlexusPLXS +1.75%83 Gross Margin % is 10.24% as of Mar. 2026, which is 10% above its 10-year median of 9.30. GuruFocus rates PLXS with a GF Score™ of 83/100 and a GF Value™ of $148.43 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,449 Hardware companies, Plexus ranks worse than 84.69% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Plexus's Gross Profit for the
three
months ended in Mar. 2026 was $119 Mil. Plexus's Revenue for the
three
months ended in Mar. 2026 was $1,164 Mil. Therefore, Plexus's Gross Margin % for the quarter that ended in Mar. 2026 was 10.24%.
The historical rank and industry rank for Plexus's Gross Margin % or its related term are showing as below:
PLXS'
s Gross Margin % Range Over the Past 10 Years
Min: 8.9 Med: 9.3 Max: 10.12
Current: 10.06
During the past 13 years, the highestGross Margin % of Plexus was 10.12%. The lowest was 8.90%. And the median was 9.30%.
PLXS's Gross Margin % is ranked worse than 84.69% of 2449
companies
in the Hardware industry
Industry Median: 24.52
vs PLXS: 10.06
Plexus had a gross margin of 10.24% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Plexus was 1.30% per year.
Plexus (NAS:PLXS) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Plexus had a gross margin of 10.24% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Plexus Gross Margin % Related Terms
Plexus Gross Margin % Historical Data
* Premium members only.
The historical data trend for Plexus's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PLXS vs RAL, OLED, BELFB: Gross Margin % Comparison
For the Electronic Components subindustry, Plexus's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Plexus Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Plexus's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Plexus's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Plexus (PLXS) has a Gross Margin % of 10.24% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Plexus and its competitors. This is 10% above median its historical median of 9.30. Over the past decade, Plexus' Gross Margin % has ranged from 8.90 to 10.12. According to the industry distribution chart, Plexus ranks #2074 out of 2449 companies in the Hardware industry, placing it in the top 84.7%.
Is Plexus' Gross Margin % too high?
Plexus' current Gross Margin % of 10.24% is 10% above median its 10-year median of 9.30. Over the past 10 years, this metric has ranged from a low of 8.90 to a high of 10.12. The Hardware industry median Gross Margin % is 24.52. Plexus' value of 10.24% is 58.2% below this industry median. Based on the distribution chart, Plexus ranks #2074 out of 2449 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Plexus has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plexus' Gross Margin % compare to RAL and OLED?
According to the Hardware industry distribution chart, Plexus ranks #2074 out of 2449 companies for Gross Margin %. This places Plexus in the lower half of its industry. The industry median Gross Margin % is 24.52. Plexus' value of 10.24% is 58.2% below this benchmark. Historically, Plexus' own Gross Margin % has ranged from 8.90 to 10.12 over the past decade. While the company's 10-year median is 9.30 vs. the industry median of 24.52, Plexus has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.52, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Plexus's current Gross Margin % of 10.24% is 58.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Plexus and its competitors. For the Hardware industry, the median Gross Margin % is 24.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plexus's current Gross Margin % is 10.24%, which is 10% above median its own 10-year median of 9.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plexus stock overvalued right now?
Based on GuruFocus' analysis, Plexus (PLXS) is currently considered Significantly Overvalued. The stock's GF Value™ is $148.43, compared to a current price of $291.57 — trading 96.4% above its estimated fair value. The current Gross Margin % is 10.24%, which is 10% above median its 10-year median of 9.30 and 58.2% below the Hardware industry median of 24.52. Plexus' overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Plexus (PLXS), the current Gross Margin % is 10.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Plexus (PLXS) Overvalued in 2026?
Based on GuruFocus' analysis, Plexus stock appears to be overvalued.
The current stock price of $291.57 is trading 96.4% above its estimated GF Value™ of $148.43.
GuruFocus considers Plexus to be Significantly Overvalued.
Key valuation signals for PLXS:
Gross Margin %: 10.24% (10% above median its 10-year median of 9.30)
GF Value™: $148.43 vs. price of $291.57 (96.4% above fair value)
Industry Position: 58.2% below the Hardware median (#2074 of 2449)
No single metric tells the full story. See the PLXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plexus Corp designs, manufactures, and services complex products in demanding regulatory environments, supporting life-saving medical devices, mission-critical aerospace and defense products, industrial automation systems, and semiconductor capital equipment. Its integrated lifecycle solutions span design and development, supply chain solutions, new product introduction, manufacturing, and sustaining services for market and disruptive companies in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial sectors. The Company operates through three reportable segments: AMER, APAC, and EMEA, with the majority of revenue from the APAC segment.
83GF Score
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