# Benchmark Electronics Inc. (BHE) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $72.64, market value $2.6 billion.

## Valuation
- **P/E (trailing): 49.8×** (5-yr avg 28.2×, 3-yr avg 34.4×). Benchmark Electronics Inc. trades at 49.8× trailing earnings, well above its own five-year average of 28.2×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 22.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 17.4×**. Enterprise value is 17.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.9%** (5-yr avg -0.7%). Free cash flow equals 4.9% of the market value, above its five-year average of -0.7%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.0%**. The inverse of the P/E: 2.0% of the price is earned each year.

## Profitability
- **Gross margin: 10.1%**. Benchmark Electronics Inc. keeps 10.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 3.3%**. 3.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.9%**. 0.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.7%**. Return on all capital, debt included, is 7.7%.
- **Return on assets: 2.6%**. Each dollar of assets produces 2.6% of profit.

## Growth
- **Revenue growth (1 yr): -0.4%** (3-yr -3.0%/yr, 5-yr 5.2%/yr). Revenue fell 0.4% over the last year, against 5.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -59.0%** (3-yr -29.1%/yr, 5-yr 12.3%/yr). Earnings per share fell 59.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.19**. Debt is 0.19 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Benchmark Electronics Inc. holds more cash than debt.
- **Altman Z-score: 3.80**. A Z-score of 3.80 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.94%** ($0.68 per share, trailing). Benchmark Electronics Inc. yields 0.94%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 98%** (19% of free cash flow). 98% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 1.2%/yr** (1-yr 1.5%). The dividend has grown 1.2% a year over five years.

## Price and momentum
- **Total return (1 yr): 82.9%** (YTD 70.7%, 3-mo -13.3%). The shares are up 82.9% over twelve months including dividends.
- **From 52-week high: -27.7%** (102.3% above the low). Trading 28% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 1.88** (volatility 44%). Beta of 1.88 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BHE · Page: https://foliofundamentals.com/stocks/bhe

Not investment advice.