# Flex Ltd. (FLEX) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $109.51, market value $40.5 billion.

## Valuation
- **P/E (trailing): 42.4×** (5-yr avg 14.7×, 3-yr avg 18.8×). Flex Ltd. trades at 42.4× trailing earnings, well above its own five-year average of 14.7×: 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 15.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.48**. A PEG of 1.48 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 7.4×**. The shares trade at 7.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 2.0%** (5-yr avg 6.2%). Free cash flow equals 2.0% of the market value, below its five-year average of 6.2%, so the shares are pricier on cash than usual.
- **Earnings yield: 2.4%**. The inverse of the P/E: 2.4% of the price is earned each year.

## Profitability
- **Gross margin: 9.4%**. Flex Ltd. keeps 9.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.0%**. 5.0% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 3.2%**. 3.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.1%**. 17.1% on shareholders' equity is solid.
- **Return on invested capital: 17.6%**. Return on all capital, debt included, is 17.6%: comfortably above what that capital costs.
- **Return on assets: 4.4%**. Each dollar of assets produces 4.4% of profit.

## Growth
- **Revenue growth (1 yr): 8.1%** (3-yr -0.7%/yr, 5-yr 3.0%/yr). Revenue grew 8.1% over the last year, against 3.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 10.4%** (3-yr 10.6%/yr, 5-yr 14.0%/yr). Earnings per share rose 10.4%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 49.5%/yr**. Free cash flow has compounded at 49.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.73**. Debt is 0.73 times equity, moderate leverage.
- **Altman Z-score: 3.23**. A Z-score of 3.23 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Flex Ltd. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 98.5%** (YTD 81.2%, 3-mo -27.9%). The shares are up 98.5% over twelve months including dividends.
- **From 52-week high: -34.4%** (106.4% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 2.79** (volatility 68%). Beta of 2.79 against the S&P 500: the shares move much more than the market.

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

Not investment advice.