BHE
Benchmark Electronics, Inc. Technology - Electronic Components Investor Relations →
Benchmark Electronics, Inc. (BHE) closed at $92.17 as of 2026-06-19, trading 150.7% above its 200-week moving average of $36.77. The stock moved further from the line this week, up from 146.8% last week. With a 14-week RSI of 96, BHE is in overbought territory.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.21 ratio) is neutral — neither side is clearly dominating.
Over the past 1829 weeks of data, BHE has crossed below its 200-week moving average 35 times. On average, these episodes lasted 14 weeks. Historically, investors who bought BHE at the start of these episodes saw an average one-year return of +18.1%.
With a market cap of $3.3 billion, BHE is a mid-cap stock. The company generates a free cash flow yield of 3.5%. Return on equity stands at 3.1%. The stock trades at 3.0x book value.
Over the past 33.5 years, a hypothetical investment of $100 in BHE would have grown to $3132, compared to $3097 for the S&P 500. That represents an annualized return of 10.8% vs 10.8% for the index — confirming BHE as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BHE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BHE Crosses Below the Line?
Across 35 historical episodes, buying BHE when it crossed below its 200-week moving average produced an average return of +20.2% after 12 months (median +9.0%), compared to +7.7% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +28.2% vs +20.5% for the index.
Each line shows $100 invested at the moment BHE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices BHE would reach each dislocation threshold.
Dislocation Price Levels
Prices where BHE's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-29.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $60.77 | Unusually cheap — potential buy zone |
| Value | +1σ | $67.21 | Cheap vs. own history |
| Fair Value | +0σ | $75.18 | Historical mean behavior |
| Expensive | -1σ | $85.29 | Expensive vs. own history |
| Deep Expensive | -2σ | $98.55 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from BHE's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
BHE has crossed below its 200-week MA 35 times with an average 1-year return of +18.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1999 | Jan 2000 | 14 | 33.7% | +209.2% | +1570.1% |
| Dec 2000 | Jan 2001 | 4 | 28.0% | -21.0% | +808.9% |
| Jan 2001 | Mar 2002 | 58 | 47.6% | -6.7% | +882.4% |
| Mar 2002 | May 2002 | 7 | 6.3% | +4.9% | +794.7% |
| Jun 2002 | Jul 2002 | 4 | 11.8% | +17.9% | +817.6% |
| Jul 2002 | Nov 2002 | 18 | 44.1% | +15.1% | +761.5% |
| Dec 2002 | Dec 2002 | 4 | 7.5% | +87.7% | +772.3% |
| Mar 2003 | Jun 2003 | 10 | 11.2% | +68.6% | +753.0% |
| Feb 2007 | Jun 2007 | 14 | 6.4% | -17.6% | +446.1% |
| Jul 2007 | Aug 2007 | 1 | 1.5% | -30.1% | +410.0% |
| Oct 2007 | Jan 2010 | 118 | 56.0% | -38.8% | +413.8% |
| Jan 2010 | Feb 2010 | 3 | 3.8% | -1.7% | +490.4% |
| May 2010 | Dec 2010 | 29 | 18.9% | -9.8% | +501.2% |
| Apr 2011 | Jun 2011 | 11 | 8.3% | -10.6% | +559.2% |
| Jul 2011 | Jan 2012 | 27 | 23.9% | -17.2% | +597.2% |
| Apr 2012 | Aug 2012 | 17 | 19.2% | +15.8% | +637.4% |
| Sep 2012 | Dec 2012 | 12 | 9.5% | +50.6% | +629.1% |
| Oct 2015 | Nov 2015 | 4 | 4.8% | +25.4% | +450.9% |
| Dec 2015 | Dec 2015 | 1 | 0.3% | +43.9% | +441.3% |
| Dec 2015 | Feb 2016 | 6 | 9.3% | +47.6% | +438.7% |
| Apr 2016 | Jul 2016 | 11 | 8.4% | +59.3% | +472.2% |
| Jul 2018 | Feb 2019 | 28 | 21.6% | +16.3% | +356.4% |
| Mar 2019 | Mar 2019 | 1 | 0.3% | -31.4% | +322.8% |
| May 2019 | Jul 2019 | 10 | 14.7% | -19.5% | +347.0% |
| Feb 2020 | Feb 2020 | 1 | 2.0% | +6.5% | +299.8% |
| Feb 2020 | Dec 2020 | 42 | 36.8% | +7.7% | +291.7% |
| Jan 2021 | Feb 2021 | 1 | 2.0% | -4.6% | +307.7% |
| Jul 2021 | Jul 2021 | 2 | 2.2% | -8.3% | +301.6% |
| Oct 2021 | Nov 2021 | 1 | 7.5% | +23.8% | +335.6% |
| Nov 2021 | Dec 2021 | 4 | 4.1% | +21.4% | +320.6% |
| Jan 2022 | Feb 2022 | 4 | 5.3% | +18.2% | +305.6% |
| Apr 2022 | May 2022 | 7 | 5.5% | -1.3% | +326.1% |
| Jun 2022 | Jul 2022 | 6 | 10.4% | +15.2% | +344.4% |
| Feb 2023 | Jun 2023 | 17 | 14.1% | +25.3% | +295.1% |
| Sep 2023 | Oct 2023 | 8 | 3.6% | +70.0% | +310.6% |
| Average | 14 | — | +18.1% | — |
Frequently Asked Questions
Is BHE below its 200-week moving average?
No. Benchmark Electronics, Inc. (BHE) is currently 150.7% above its 200-week moving average of $36.77. It would need to fall to $36.77 to cross below the line.
What is BHE's 200-week moving average price?
Benchmark Electronics, Inc.'s 200-week moving average is $36.77 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BHE drops below its 200-week moving average?
BHE has crossed below its 200-week moving average 35 times in our data. On average, buying at that moment produced a one-year return of +18.1%. These dips have historically been decent entry points. These episodes lasted 14 weeks on average.
Is BHE a good value right now?
Here's what our data says about BHE as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 96 (overbought). Free cash flow yield is 3.5%. Return on equity is 3.1%. Price-to-book is 3.0x. This is not a buy or sell recommendation — always do your own research.
How does BHE compare to the S&P 500?
Over the past 33.5 years, $100 invested in BHE would have grown to $3132, compared to $3097 for the S&P 500. That's 10.8% annualized vs 10.8% for the index. BHE has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19