BENCHMARK ELECTRONICS INC (BHE) Fundamental Analysis & Valuation

NYSE:BHE • US08160H1014

53.22 USD
-0.55 (-1.02%)
At close: Mar 13, 2026
53.22 USD
0 (0%)
After Hours: 3/13/2026, 8:11:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BHE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, BHE scores 5 out of 10 in our fundamental rating. BHE was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of BHE get a neutral evaluation. Nothing too spectacular is happening here. BHE is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. BHE Profitability Analysis

1.1 Basic Checks

  • BHE had positive earnings in the past year.
  • BHE had a positive operating cash flow in the past year.
  • In the past 5 years BHE has always been profitable.
  • In multiple years BHE reported negative operating cash flow during the last 5 years.
BHE Yearly Net Income VS EBIT VS OCF VS FCFBHE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

1.2 Ratios

  • BHE has a Return On Assets (1.20%) which is in line with its industry peers.
  • BHE has a Return On Equity (2.26%) which is in line with its industry peers.
  • BHE's Return On Invested Capital of 5.81% is fine compared to the rest of the industry. BHE outperforms 61.29% of its industry peers.
  • BHE had an Average Return On Invested Capital over the past 3 years of 5.98%. This is below the industry average of 8.67%.
Industry RankSector Rank
ROA 1.2%
ROE 2.26%
ROIC 5.81%
ROA(3y)2.3%
ROA(5y)2.37%
ROE(3y)4.58%
ROE(5y)4.81%
ROIC(3y)5.98%
ROIC(5y)5.49%
BHE Yearly ROA, ROE, ROICBHE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 6

1.3 Margins

  • The Profit Margin of BHE (0.93%) is comparable to the rest of the industry.
  • BHE's Profit Margin has improved in the last couple of years.
  • BHE's Operating Margin of 3.97% is in line compared to the rest of the industry. BHE outperforms 58.87% of its industry peers.
  • In the last couple of years the Operating Margin of BHE has grown nicely.
  • BHE's Gross Margin of 10.16% is on the low side compared to the rest of the industry. BHE is outperformed by 79.03% of its industry peers.
  • In the last couple of years the Gross Margin of BHE has grown nicely.
Industry RankSector Rank
OM 3.97%
PM (TTM) 0.93%
GM 10.16%
OM growth 3Y5.13%
OM growth 5Y12.57%
PM growth 3Y-26.6%
PM growth 5Y6.42%
GM growth 3Y4.72%
GM growth 5Y3.56%
BHE Yearly Profit, Operating, Gross MarginsBHE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8 10

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6

2. BHE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BHE is destroying value.
  • Compared to 1 year ago, BHE has less shares outstanding
  • Compared to 5 years ago, BHE has less shares outstanding
  • The debt/assets ratio for BHE has been reduced compared to a year ago.
BHE Yearly Shares OutstandingBHE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
BHE Yearly Total Debt VS Total AssetsBHE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 3.49 indicates that BHE is not in any danger for bankruptcy at the moment.
  • BHE has a Altman-Z score of 3.49. This is comparable to the rest of the industry: BHE outperforms 54.84% of its industry peers.
  • The Debt to FCF ratio of BHE is 2.47, which is a good value as it means it would take BHE, 2.47 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BHE (2.47) is better than 75.00% of its industry peers.
  • BHE has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.19, BHE is in line with its industry, outperforming 44.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.47
Altman-Z 3.49
ROIC/WACC0.63
WACC9.28%
BHE Yearly LT Debt VS Equity VS FCFBHE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.28 indicates that BHE has no problem at all paying its short term obligations.
  • BHE's Current ratio of 2.28 is in line compared to the rest of the industry. BHE outperforms 47.58% of its industry peers.
  • A Quick Ratio of 1.52 indicates that BHE should not have too much problems paying its short term obligations.
  • BHE's Quick ratio of 1.52 is in line compared to the rest of the industry. BHE outperforms 41.13% of its industry peers.
Industry RankSector Rank
Current Ratio 2.28
Quick Ratio 1.52
BHE Yearly Current Assets VS Current LiabilitesBHE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BHE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.35% over the past year.
  • BHE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.36% yearly.
  • The Revenue has been growing slightly by 0.11% in the past year.
  • BHE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.31% yearly.
EPS 1Y (TTM)4.35%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%16.39%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y-2.7%
Revenue growth 5Y5.31%
Sales Q2Q%7.22%

3.2 Future

  • BHE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.02% yearly.
  • Based on estimates for the next years, BHE will show a small growth in Revenue. The Revenue will grow by 6.05% on average per year.
EPS Next Y7.17%
EPS Next 2Y9.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.6%
Revenue Next 2Y6.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BHE Yearly Revenue VS EstimatesBHE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
BHE Yearly EPS VS EstimatesBHE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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3

4. BHE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.18, BHE is valued on the expensive side.
  • 75.81% of the companies in the same industry are more expensive than BHE, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BHE to the average of the S&P500 Index (25.70), we can say BHE is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 20.69, BHE is valued on the expensive side.
  • BHE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BHE is cheaper than 70.97% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. BHE is around the same levels.
Industry RankSector Rank
PE 22.18
Fwd PE 20.69
BHE Price Earnings VS Forward Price EarningsBHE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BHE indicates a somewhat cheap valuation: BHE is cheaper than 79.84% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BHE indicates a somewhat cheap valuation: BHE is cheaper than 79.03% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.22
EV/EBITDA 11.79
BHE Per share dataBHE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BHE does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.09
PEG (5Y)1.09
EPS Next 2Y9.02%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. BHE Dividend Analysis

5.1 Amount

  • BHE has a Yearly Dividend Yield of 1.24%.
  • BHE's Dividend Yield is rather good when compared to the industry average which is at 0.47. BHE pays more dividend than 88.71% of the companies in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.82, BHE is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.24%

5.2 History

  • The dividend of BHE has a limited annual growth rate of 1.62%.
  • BHE has been paying a dividend for over 5 years, so it has already some track record.
  • BHE has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)1.62%
Div Incr Years1
Div Non Decr Years6
BHE Yearly Dividends per shareBHE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • 98.28% of the earnings are spent on dividend by BHE. This is not a sustainable payout ratio.
  • The dividend of BHE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP98.28%
EPS Next 2Y9.02%
EPS Next 3YN/A
BHE Yearly Income VS Free CF VS DividendBHE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M
BHE Dividend Payout.BHE Dividend Payout, showing the Payout Ratio.BHE Dividend Payout.PayoutRetained Earnings

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BHE Fundamentals: All Metrics, Ratios and Statistics

BENCHMARK ELECTRONICS INC

NYSE:BHE (3/13/2026, 8:11:34 PM)

After market: 53.22 0 (0%)

53.22

-0.55 (-1.02%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03
Earnings (Next)04-27
Inst Owners105.01%
Inst Owner Change0.88%
Ins Owners1.26%
Ins Owner Change0.32%
Market Cap1.90B
Revenue(TTM)2.66B
Net Income(TTM)24.85M
Analysts77.5
Price Target61.97 (16.44%)
Short Float %3.54%
Short Ratio4.08
Dividend
Industry RankSector Rank
Dividend Yield 1.24%
Yearly Dividend0.68
Dividend Growth(5Y)1.62%
DP98.28%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.89%
Min EPS beat(2)6.16%
Max EPS beat(2)9.63%
EPS beat(4)4
Avg EPS beat(4)4.66%
Min EPS beat(4)0.38%
Max EPS beat(4)9.63%
EPS beat(8)8
Avg EPS beat(8)7.5%
EPS beat(12)11
Avg EPS beat(12)5.91%
EPS beat(16)15
Avg EPS beat(16)7.97%
Revenue beat(2)2
Avg Revenue beat(2)1.04%
Min Revenue beat(2)0.16%
Max Revenue beat(2)1.92%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-2.26%
Max Revenue beat(4)1.92%
Revenue beat(8)5
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)1.06%
Revenue beat(16)11
Avg Revenue beat(16)2.12%
PT rev (1m)15.17%
PT rev (3m)23.35%
EPS NQ rev (1m)1.14%
EPS NQ rev (3m)1.14%
EPS NY rev (1m)1.77%
EPS NY rev (3m)1.77%
Revenue NQ rev (1m)1.38%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)0.39%
Valuation
Industry RankSector Rank
PE 22.18
Fwd PE 20.69
P/S 0.71
P/FCF 22.22
P/OCF 15.31
P/B 1.73
P/tB 2.18
EV/EBITDA 11.79
EPS(TTM)2.4
EY4.51%
EPS(NY)2.57
Fwd EY4.83%
FCF(TTM)2.39
FCFY4.5%
OCF(TTM)3.48
OCFY6.53%
SpS74.55
BVpS30.83
TBVpS24.36
PEG (NY)3.09
PEG (5Y)1.09
Graham Number40.8
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 2.26%
ROCE 7.35%
ROIC 5.81%
ROICexc 7.49%
ROICexgc 9.44%
OM 3.97%
PM (TTM) 0.93%
GM 10.16%
FCFM 3.21%
ROA(3y)2.3%
ROA(5y)2.37%
ROE(3y)4.58%
ROE(5y)4.81%
ROIC(3y)5.98%
ROIC(5y)5.49%
ROICexc(3y)7.52%
ROICexc(5y)6.82%
ROICexgc(3y)9.4%
ROICexgc(5y)8.63%
ROCE(3y)7.57%
ROCE(5y)6.94%
ROICexgc growth 3Y7.34%
ROICexgc growth 5Y10.09%
ROICexc growth 3Y6.88%
ROICexc growth 5Y12.88%
OM growth 3Y5.13%
OM growth 5Y12.57%
PM growth 3Y-26.6%
PM growth 5Y6.42%
GM growth 3Y4.72%
GM growth 5Y3.56%
F-Score6
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.47
Debt/EBITDA 1.35
Cap/Depr 80.92%
Cap/Sales 1.45%
Interest Coverage 5.44
Cash Conversion 80.91%
Profit Quality 343.72%
Current Ratio 2.28
Quick Ratio 1.52
Altman-Z 3.49
F-Score6
WACC9.28%
ROIC/WACC0.63
Cap/Depr(3y)108.06%
Cap/Depr(5y)105.08%
Cap/Sales(3y)1.81%
Cap/Sales(5y)1.79%
Profit Quality(3y)249.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.35%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%16.39%
EPS Next Y7.17%
EPS Next 2Y9.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.11%
Revenue growth 3Y-2.7%
Revenue growth 5Y5.31%
Sales Q2Q%7.22%
Revenue Next Year5.6%
Revenue Next 2Y6.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.78%
EBIT growth 3Y2.3%
EBIT growth 5Y18.54%
EBIT Next Year47.06%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-45.23%
FCF growth 3YN/A
FCF growth 5Y1.09%
OCF growth 1Y-34.49%
OCF growth 3YN/A
OCF growth 5Y0.58%

BENCHMARK ELECTRONICS INC / BHE FAQ

What is the fundamental rating for BHE stock?

ChartMill assigns a fundamental rating of 5 / 10 to BHE.


What is the valuation status for BHE stock?

ChartMill assigns a valuation rating of 3 / 10 to BENCHMARK ELECTRONICS INC (BHE). This can be considered as Overvalued.


How profitable is BENCHMARK ELECTRONICS INC (BHE) stock?

BENCHMARK ELECTRONICS INC (BHE) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for BHE stock?

The Price/Earnings (PE) ratio for BENCHMARK ELECTRONICS INC (BHE) is 22.18 and the Price/Book (PB) ratio is 1.73.


Is the dividend of BENCHMARK ELECTRONICS INC sustainable?

The dividend rating of BENCHMARK ELECTRONICS INC (BHE) is 5 / 10 and the dividend payout ratio is 98.28%.