Jabil Inc. (JBL) 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

-60.7%

$106.56

vs $270.81 price

Levered DCF

$114.77

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.52

Grey zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	30.96×	34.14×	9.64×	18.6×	8.55×	13.17×	94.86×	15.57×
P/B	20.02×	14.82×	7.7×	5.31×	3.47×	4.3×	2.86×	2.38×
P/S	0.9×	0.75×	0.46×	0.44×	0.25×	0.31×	0.19×	0.18×
EV / EBITDA	16.55×	13.18×	5.51×	6.97×	4.54×	5.62×	5.63×	4.12×
Gross margin	9.2%	8.9%	9.3%	8.3%	7.9%	8.1%	7.1%	7.6%
Operating margin	4.7%	4.0%	7.0%	4.4%	4.2%	3.6%	1.8%	2.8%
Net margin	2.9%	2.2%	4.8%	2.4%	3.0%	2.4%	0.2%	1.1%
Current ratio	0.99×	1×	1.09×	1.16×	1.02×	1.02×	1.01×	0.98×
Debt / equity	2.49×	2.22×	1.88×	1.13×	1.39×	1.55×	1.73×	1.32×
Interest coverage	0×	4.84×	11.64×	7.46×	9.23×	8.12×	2.88×	3.73×
Dividend yield	0.1%	0.2%	0.3%	0.3%	0.6%	0.5%	1.0%	1.2%
Payout ratio	3.4%	5.5%	3.0%	5.5%	4.8%	7.2%	93.4%	18.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	64.6%	43.4%	79.9%	28.5%	40.6%	32.6%	3.0%	15.2%
Return on invested capital	19.8%	16.1%	28.2%	14.6%	17.5%	12.8%	2.0%	9.3%
Return on assets	3.8%	3.5%	8.0%	4.2%	5.1%	4.2%	0.4%	2.2%
Free cash flow yield	4.3%	5.2%	7.0%	4.6%	3.1%	3.0%	5.3%	4.2%
Earnings yield	3.2%	2.9%	10.4%	5.4%	11.7%	7.6%	1.0%	6.4%
Enterprise value	$34.6B	$23.9B	$14.4B	$16.7B	$10.4B	$10.9B	$6.9B	$5.8B
Net debt / EBITDA	1.09×	0.79×	0.4×	0.6×	0.84×	0.9×	1.42×	0.94×
Cash conversion cycle (days)	1	19	32	44	34	19	16	19