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The Screen · Technology · Electronic Components
Benchmark Electronics, Inc.
BHE · the NYSE · USD · Market cap $2.6B · 11,840 employees
Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price72.63 USD
Fair value87.99
Ethical score70.0/100
Our investment reviews on this name
2026-08-23Read Distribution82.36-11.8% to today ✓
2026-07-02Read Markup89.93-19.2% to today
Our analytic regime reads on this name, dated and marked against today's price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Benchmark Electronics, Inc. holds its Markup at $72.63. Elevated stress, defensive posture warranted, held for 92 days.
As held on the ledger · 2026-09-15
Phase
Markup
Quantitative state
Elevated stress, defensive posture warranted, held for 92 days
Price at the screen
$72.63
Valuation
49.75 trailing · 21.96 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.27
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
14.93%
Below 33%
Interest-bearing debt is just 14.9% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
34.42%
Below 49%
Money owed to the company is 34.4% of assets, under the 49% limit.
Pass
Revenue purity
0.36%
Below 5%
Only 0.4% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Conscience Overlay
Conscience flag · AFSC Investigate
The quantitative screen above is arithmetic and this name passes it. Separately, community boycott lists cite this company: Documented on AFSC Investigate. The desk records that flag here without folding it into the verdict: the screen measures the balance sheet, the overlay informs the conscience, and they are different judgements that belong to different owners. The second one is yours.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. A 21.1% margin of safety to the base estimate.
Third-party analyst targets: 3 covering, consensus None. The average target sits +24% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Electronics Maker With Thin Returns And Little Appeal
Picture a contract factory quietly assembling circuit boards for bigger brands across three continents. Benchmark handles the engineering and production, yet its numbers tell a flat story of 7% revenue growth, a 1% profit margin and just 3% return on equity. At 25.3 times forward earnings the shares sit only 2% below our fair value, which leaves almost no margin of safety and explains the none opportunity rating.
We pass because the business clears the ethical screen but delivers weak returns on capital and modest growth at a price that already reflects the limited upside shown by the three-analyst consensus target near 80. Nothing here suggests the kind of durable edge or cash generation that would make the valuation attractive.
The main risks sit in low profitability that leaves little room for error if input costs rise or customer orders slow. Currency moves across its Asian and European sites add another layer of volatility that the thin margins cannot easily absorb. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BHE trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 5.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 63% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 123%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (3 analysts) rates it none, with a mean price target of $78.
2026-07-23Markup$78.45-12.8%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 12.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 63% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 123%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (3 analysts) rates it none, with a mean price target of $78.
2026-07-18Markup$89.93+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 63% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 123%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (3 analysts) rates it none, with a mean price target of $78.
2026-07-03Markup$89.93+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$89.93Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
