J.B. Hunt Transport Services, Inc. (JBHT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-77.0%

$51.62

vs $224.80 price

Levered DCF

$104.55

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

6.29

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	31.75×	30.48×	28.29×	18.73×	28.31×	28.53×	24.28×	20.68×
P/B	5.33×	4.33×	5.02×	4.95×	6.91×	5.56×	5.53×	4.81×
P/S	1.58×	1.44×	1.61×	1.23×	1.77×	1.5×	1.37×	1.17×
EV / EBITDA	13.2×	11.97×	12.94×	9.95×	14.14×	12.55×	11.27×	10.08×
Gross margin	13.3%	17.1%	17.2%	16.7%	15.4%	15.0%	16.4%	15.8%
Operating margin	7.2%	6.9%	7.7%	9.0%	8.6%	7.4%	8.0%	7.9%
Net margin	5.0%	4.7%	5.7%	6.5%	6.3%	5.3%	5.6%	5.7%
Current ratio	0.83×	1.06×	1.35×	1.41×	1.33×	1.7×	1.43×	1.11×
Debt / equity	0.53×	0.45×	0.47×	0.43×	0.48×	0.55×	0.63×	0.55×
Interest coverage	12.19×	10.52×	15.06×	25.98×	22.61×	14.99×	13.42×	16.85×
Dividend yield	0.9%	1.0%	0.8%	0.9%	0.6%	0.8%	0.9%	1.0%
Payout ratio	28.6%	30.7%	23.9%	17.2%	16.4%	22.6%	21.7%	21.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.8%	14.2%	17.7%	26.4%	24.4%	19.5%	22.8%	23.3%
Return on invested capital	9.3%	8.4%	10.0%	15.4%	14.1%	10.8%	12.5%	13.0%
Return on assets	7.3%	6.7%	8.3%	12.1%	10.9%	8.3%	9.4%	9.6%
Free cash flow yield	5.0%	3.6%	-0.6%	1.3%	1.3%	2.7%	1.9%	0.9%
Earnings yield	3.2%	3.3%	3.5%	5.3%	3.5%	3.5%	4.1%	4.8%
Enterprise value	$20.9B	$19.1B	$22.5B	$19.7B	$22.7B	$15.6B	$13.9B	$11.3B
Net debt / EBITDA	1.18×	1.09×	1.08×	0.77×	0.7×	0.91×	1.12×	1.02×
Cash conversion cycle (days)	20	23	21	23	25	24	13	22