Jabil Circuit Inc (JBL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Jabil Circuit Inc stock $268, price $236, upside +13.2%, quality 61 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $49.97 – $385.55 · fair‑value band $165.02 – $348.04 · the $236.36 price screens below the $267.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Jabil Inc. provides engineering, manufacturing, and supply chain solutions worldwide. It operates in three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce.
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The company offers electronic hardware, and embedded software design services for analog, digital, radio frequency, power, sensor, and optical component applications; creates, develops, and connects concepts and specifications that optimize the function, value, and appearance of products for both consumers and manufacturing partners; design of plastic and metal components, enclosures, sub-assemblies, and systems, with advanced modeling and analysis of electronic, electro-mechanical, and optical assemblies; detail design, environmental applications, thermal and tooling management; develop solutions for virtual and/or augmented reality, light detection and ranging, 3D sensing, projection, and imaging; delivering PCBA design with CAD tools; and electrical and mechanical assemblies.
The company also offers cloud data center server platforms; medical and consumer health devices; automotive assemblies; a digital commerce ecosystem; and smart controls and security for digital building and utilities.
In addition, the company offers systems assembly, test, direct-order fulfillment, and configure-to-order services.
It serves 5G, wireless and cloud, digital print and retail, industrial and semi-cap, networking and storage, automotive and transportation, connected devices, healthcare and packaging, and mobility industries.
The company was formerly known as Jabil Circuit, Inc. Jabil Inc. was founded in 1966 and is based in Saint Petersburg, Florida.
Stock analysis
Jabil Circuit Inc (JBL) currently trades at $236.36, while our model-based Fair Value estimate is $267.54, implying the stock looks roughly 12% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $278.43 per share, and 14 of the 24 models we run sit above the $236.36 price.
Bear case: the Economic Profit group reads lowest at $65.09, and 10 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $165.02 (bear) to $348.04 (bull), the price of $236.36 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Jabil Circuit Inc reported revenue of $36.0B in FY2026 versus $33.5B in FY2022, a compound +1.8%/yr. Reported net income was $1.0B in FY2026, compounding +1.1%/yr from FY2022.
Key figures
Market cap $25.7B Large · P/E ratio 24.2 · P/S ratio 0.71 · EPS (TTM) $9.75 · Dividend yield 0.1% · Net margin 2.9% · Return on equity 66.4% · Return on assets (EBIT) 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 39% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −15% fair-value upside, at 13%, JBL screens cheaper than that median.
Fair Value models
Bear$165.02Fair Value $267.54Bull$348.04
Price $236.36 · Upside +13.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 2 months old). Earnings retained since then ($1.73 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
SaleSteven D BorgesEVP, Global Business Units4× since Dec 23, 2025: 29,126 shares, avg. $277.16$8.1MApr 17, 2026
SaleMay Yee YapSVP, Chief Information Officer1,634 shares at $306.74$501,213Apr 16, 2026
SaleRafael RennoSVP, Global Business Units2× since Apr 8, 2026: 2,000 shares, avg. $296.50$593,000Apr 13, 2026
SaleAnousheh AnsariDirector4× since Dec 19, 2025: 5,500 shares, avg. $264.27$1.5MApr 10, 2026
SaleAdam E. BerrySVP, IR and Corporate Affairs3× since Jan 16, 2026: 4,181 shares, avg. $276.10$1.2MApr 10, 2026
SaleMichael DastoorCEO, Director2× since Jan 22, 2026: 24,467 shares, avg. $262.28$6.4MApr 8, 2026
Plus 2 more entries from the last 12 months.
Plus 32 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
Start year 2021 (pandemic). Over 10 years: +7.0% a year
Revenue growth 35 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.5%
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’26
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+14.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.7%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.4% vs 22.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
2026 sits 63% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+15.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.7% a year for the price and +13.0% for the forecasts.
AI conclusion: Strong growth in AI data center demand through the Intelligent Infrastructure segment stands against thin margins and a weak moat from limited differentiation.
Main risk: Heavy reliance on a few hyperscale customers creates concentration risks that could sharply reduce revenue if infrastructure spending turns volatile.
Bull case: Jabil could further broaden its customer base across more hyperscalers and regulated industries while expanding higher-value capabilities in data center power and photonics to offset any concentration effects.
Bear case: If key customers shift production in-house or to rivals or sharply cut spending, Jabil could face a substantial and lasting drop in revenue from its core intelligent infrastructure activities.
Jabil's Intelligent Infrastructure segment now accounts for half its revenue after 45 percent growth last year, fueled by AI data center demand, and a new 50:50 joint venture with Adani aims to expand hardware manufacturing in India. Yet this heavy tilt toward a few hyperscale customers brings concentration risks even as the company pushes into regulated industries. Will the India expansion broaden its base enough to balance the AI exposure, or will it deepen dependence on volatile infrastructure spending?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 652 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+13.2% · Above median
Profitability
Return on equity (12 months)66.4% · Top 25%
Return on assets3.8% · Above median
Net margin (12 months)2.9% · Below median
Operating margin (12 months)5.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)28.6% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity1.48× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)24.2× · Cheaper than median
P/B15.92× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Jabil Circuit Inc (JBL) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $267.54 versus a price of $236.36, about +13% upside (undervalued).
What is the fair value of JBL?
Our model-based fair value for Jabil Circuit Inc is $267.54 (as of Nov 3, 2026), built from audited fundamentals. The current price: $236.36.
What is the quality score of JBL?
Jabil Circuit Inc has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Jabil Circuit Inc (JBL)?
Our model-based price target is the fair value of $267.54 (as of Nov 3, 2026) from 24 valuation models. Cautious scenario $165.02, optimistic scenario $348.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Jabil Circuit Inc stock forecast for 2026?
Our models put fair value at $267.54, about +13% upside versus a price of $236.36 (undervalued). Cautious scenario $165.02, optimistic scenario $348.04. The calculation is refreshed regularly with new filings.
What is the revenue of Jabil Circuit Inc (JBL)?
Jabil Circuit Inc reported trailing-twelve-month revenue of about $36.0B (latest available figure, as of Nov 3, 2026).
Does Jabil Circuit Inc pay a dividend?
Jabil Circuit Inc currently shows a dividend yield of 0.14% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Jabil Circuit Inc (JBL)?
For today's price to be fair in a discounted-cash-flow model, Jabil Circuit Inc would have to grow free cash flow by +9.3 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.2 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of JBL use?
Our models discount Jabil Circuit Inc at 9.9 %: a base by market capitalisation (large), damped by beta 1.30, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Jabil Circuit Inc that is +9.3 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Jabil Circuit Inc (JBL) delivered so far?
Over the past 5 years revenue at Jabil Circuit Inc grew +4.2 % a year. The price currently implies +9.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Jabil Circuit Inc (JBL) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Jabil Circuit Inc (+9.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jabil Circuit Inc (JBL)?
The free-cash-flow yield on the price is 5.46 %: that much free cash flow Jabil Circuit Inc produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jabil Circuit Inc (JBL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jabil Circuit Inc it is $267.54 per share (as of Nov 3, 2026), against a price of $236.36. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Jabil Circuit Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, JBL trades below its calculated fair value: price $236.36, fair value $267.54, a gap of about +13% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of JBL?
No. The price is what the market pays today ($236.36); the fair value is what the company's own numbers justify ($267.54). For Jabil Circuit Inc the two are $31.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jabil Circuit Inc worth?
The market values Jabil Circuit Inc at about $25.7B (market capitalisation, as of Nov 3, 2026). Per share that is $236.36; our models calculate a fair value of $267.54 per share.
What do the bullish and bearish scenarios say about JBL?
Our models span a range for Jabil Circuit Inc: cautious scenario $165.02, base $267.54, optimistic $348.04 per share (as of Nov 3, 2026, price $236.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JBL?
Jabil Circuit Inc trades at a price-to-earnings ratio of 24.2 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $267.54 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 25.1. Other multiples: PEG 0.8, P/B 15.9, P/S 0.7, EV/EBITDA 10.5.
What is the PEG ratio of JBL?
The PEG ratio of Jabil Circuit Inc is 0.82 (P/E divided by earnings growth, as of Nov 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Jabil Circuit Inc (JBL)?
Balance-sheet figures for Jabil Circuit Inc (as of Nov 3, 2026): return on equity 66.4%, debt of 1.48 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is JBL from its 52-week high?
Jabil Circuit Inc trades at $236.36, about 39% below its 52-week high of $385.55 and 23% above the low of $192.34 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $267.54 is for.
Which stocks are comparable to Jabil Circuit Inc?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jabil Circuit Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $236.36, calculated fair value $267.54 (+13%), Quality Score 61/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of JBL calculated?
We run Jabil Circuit Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $267.54, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Jabil Circuit Inc currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jabil Circuit Inc (JBL)?
The closing price on Nov 5, 2026 was $236.36. Our model-based fair value is $267.54, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jabil Circuit Inc right now?
A fairly wide model range ($165.02 to $348.04) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Jabil Circuit Inc (JBL) come from?
Earnings per share at Jabil Circuit Inc grew +25.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.5 %, EBIT margin +7.5 %, tax rate +2.2 %, residual (interest, one-offs) +1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jabil Circuit Inc
How large is the market capitalisation of Jabil Circuit Inc (JBL)?
The market capitalisation of Jabil Circuit Inc is $25.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jabil Circuit Inc (JBL)?
The price-to-sales ratio of Jabil Circuit Inc is 0.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jabil Circuit Inc (JBL)?
Earnings per share at Jabil Circuit Inc are $9.75 (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jabil Circuit Inc (JBL)?
The dividend yield of Jabil Circuit Inc is 0.1% (payout 3.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jabil Circuit Inc (JBL)?
The net margin of Jabil Circuit Inc is 2.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jabil Circuit Inc (JBL)?
The return on equity (ROE) of Jabil Circuit Inc is 66.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jabil Circuit Inc (JBL)?
On an EBIT basis the return on assets of Jabil Circuit Inc is 7.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jabil Circuit Inc (JBL)?
The operating margin of Jabil Circuit Inc is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jabil Circuit Inc (JBL)?
Revenue at Jabil Circuit Inc is growing +28.6% versus a year earlier (3y avg +1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jabil Circuit Inc (JBL)?
Earnings per share at Jabil Circuit Inc are growing +89.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jabil Circuit Inc (JBL) carry?
The net debt of Jabil Circuit Inc is $2.3B (fiscal year 2026, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 3, 2026