Jack Henry & Associates Inc (JKHY) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Jack Henry & Associates Inc stock $152, price $179, that is 15.2% below the price, quality 82 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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Our calculation puts a fair price 15% below what the stock costs today.
Quality 82/100
Healthy Growth(revenue 5y +7.3 %/yr in USD)
Solidly profitable · 19.8% net margin (TTM)
Low debt
Generates free cash flow
1.3% dividend yield · Well covered
Wide moat80/100
Positive coverage
Broad data
Mixed vs. peers(6/15)
Insiders bought $317,135 (6M)
Fair value $151.99 · Overvalued (−15.2%)
Risks from the AI analysis
🚩Payment-unit carve-out discussion clouds growth picture🚩AI and cloud-native cores could displace legacy systems🚩Fintechs and neobanks could erode market share or force price cuts
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $122.97 – $199.46 · fair‑value band $69.92 – $219.80 · the $179.16 price screens above the $151.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
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The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information.
The Payments segment offers secure payment processing tools and services, including ATM, automated clearing house origination and remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions.
The Complementary segment provides software, and hosted processing platforms and services comprising digital/mobile banking, treasury, online account opening, fraud/anti-money laundering, and lending/deposit solutions. The Corporate and Other segment offers hardware and other products.
It offers specialized financial performance, imaging and payment, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities.
The company also provides SilverLake system, a system primarily designed for commercial-focused banks; Symitar, a system designed for credit unions; CIF 20/20, a parameter-driven system for banks; and Core Director, a system with point-and-click operation for banks.
It provides digital products and services under the Banno Digital Platform, and electronic payment solutions; hardware systems; implementation, training, and support and service solutions; data center solutions; and data and transaction processing, and software licensing and related services, as well as professional services.
The company was founded in 1976 and is headquartered in Monett, Missouri.
Stock analysis
Jack Henry & Associates Inc (JKHY) currently trades at $179.16, while our model-based Fair Value estimate is $151.99, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $151.99 per share, and 3 of the 13 models we run sit above the $179.16 price.
Bear case: the Dividend Discount group reads lowest at $43.84, and 10 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $69.92 (bear) to $219.80 (bull), the price of $179.16 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 82/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Jack Henry & Associates Inc reported revenue of $2.5B in FY2026 versus $1.9B in FY2022, a compound +6.5%/yr. Reported net income was $503M in FY2026, compounding +8.5%/yr from FY2022.
Key figures
Market cap $12.9B Large · P/E ratio 25.7 · P/S ratio 5.07 · EPS (TTM) $6.98 · Dividend yield 1.3% · Net margin 19.8% · Return on equity 24.0% · Return on assets (EBIT) 17.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 80 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −15%, JKHY screens richer than that median.
Fair Value models
Bear$69.92Fair Value $151.99Bull$219.80
Price $179.16 · Downside -15.2%
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 4 months old). Earnings retained since then ($1.72 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.
In the last 6 months, 2 officers or directors bought shares worth $317,135, most recently on May 14, 2026. Buying cluster
BuyMimi CarsleyCFO and Treasurer375 shares at $134.12$50,295May 14, 2026
BuyGregory R. AdelsonPresident & CEO, Director2,000 shares at $133.42$266,840May 14, 2026
SaleDavid B FossDirector20,000 shares at $174.92$3.5MDec 1, 2025
SaleShanon G. McLachlanCOO227 shares at $160.83$36,508Nov 10, 2025
Plus 10 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.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.1%
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.
+6.3%
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.
+7.3%
Start year 2021 (pandemic). Over 10 years: +6.3% a year
Revenue growth 40 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.
+14.1%
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What shareholders gained per year (last 5 years) ⓘ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.
+12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.1%
Dividend (yield on the price)1.3%
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.11.1% vs 8.4%, steady
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.23% → 24%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+4.2%
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.
+6.4%
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 +1.8% a year for the price and +4.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: High client retention above 99 percent and record competitive wins deliver unusually high earnings visibility, yet the payment-unit carve-out discussion continues to cloud the growth picture.
Main risk: Generative AI and cloud-native core platforms could accelerate fintech challengers and enable replacements of Jack Henry's legacy Silverlake platform at community banks, hitting core processing revenue and margins.
Bull case: Jack Henry could integrate AI features into its platforms and leverage its regulatory expertise plus high retention to become the preferred safe provider for community banks adopting new technologies.
Bear case: If cloud-native and AI-native alternatives gain traction, Jack Henry might lose competitive core wins and face sustained margin pressure as clients migrate away from its legacy systems.
Jack Henry keeps core-client retention above 99 percent and delivered a record 58 competitive wins in fiscal 2026, including more larger institutions. That track record gives unusually high earnings visibility, yet the payment-unit carve-out discussion still clouds the growth picture. Does the core-banking momentum outweigh any impact from separating payments, or does the carve-out let the business sharpen its focus?
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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.Information Technology Services · 479 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score82 · Top 25%
Fair Value upside−15.2% · Below median
Profitability
Return on equity (12 months)24.0% · Top 25%
Return on assets16.0% · Top 25%
Net margin (12 months)19.8% · Top 25%
Operating margin (12 months)22.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.7% · Below median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Jack Henry & Associates Inc Fair Value". https://www.fairvalue-calculator.com/stock/JKHY
Frequently asked questions
Is Jack Henry & Associates Inc (JKHY) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $151.99 versus a price of $179.16, about 15% lower (overvalued).
What is the fair value of JKHY?
Our model-based fair value for Jack Henry & Associates Inc is $151.99 (as of Nov 4, 2026), built from audited fundamentals. The current price: $179.16.
What is the quality score of JKHY?
Jack Henry & Associates Inc has a Quality Score of 82/100. 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 Jack Henry & Associates Inc (JKHY)?
Our model-based price target is the fair value of $151.99 (as of Nov 4, 2026) from 13 valuation models. Cautious scenario $69.92, optimistic scenario $219.80. It is a calculation from audited fundamentals, not an analyst target.
What is the Jack Henry & Associates Inc stock forecast for 2026?
Our models put fair value at $151.99, about 15% lower versus a price of $179.16 (overvalued). Cautious scenario $69.92, optimistic scenario $219.80. The calculation is refreshed regularly with new filings.
What is the revenue of Jack Henry & Associates Inc (JKHY)?
Jack Henry & Associates Inc reported trailing-twelve-month revenue of about $2.5B (latest available figure, as of Nov 4, 2026).
Does Jack Henry & Associates Inc pay a dividend?
Jack Henry & Associates Inc currently shows a dividend yield of 1.33% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Jack Henry & Associates Inc (JKHY)?
For today's price to be fair in a discounted-cash-flow model, Jack Henry & Associates Inc would have to grow free cash flow by +4.2 % per year for five years (discount rate 8.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of JKHY use?
Our models discount Jack Henry & Associates Inc at 8.2 %: a base by market capitalisation (large), damped by beta 0.54, 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 Jack Henry & Associates Inc that is +4.2 % per year a year over ten years, using the same discount rate (8.2 %) and the same formula as our fair value.
How much growth has Jack Henry & Associates Inc (JKHY) delivered so far?
Over the past 5 years revenue at Jack Henry & Associates Inc grew +7.3 % a year. The price currently implies +4.2 % 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 Jack Henry & Associates Inc (JKHY) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Jack Henry & Associates Inc (+4.2 % 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 Jack Henry & Associates Inc (JKHY)?
The free-cash-flow yield on the price is 5.38 %: that much free cash flow Jack Henry & Associates Inc produces per unit of market value. When it exceeds the discount rate of our models (8.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jack Henry & Associates Inc (JKHY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jack Henry & Associates Inc it is $151.99 per share (as of Nov 4, 2026), against a price of $179.16. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Jack Henry & Associates Inc stock overvalued or undervalued in 2026?
As of Nov 4, 2026, JKHY trades above its calculated fair value: price $179.16, fair value $151.99, a gap of about −15% (overvalued). 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 JKHY?
No. The price is what the market pays today ($179.16); the fair value is what the company's own numbers justify ($151.99). For Jack Henry & Associates Inc the two are $27.17 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jack Henry & Associates Inc worth?
The market values Jack Henry & Associates Inc at about $12.9B (market capitalisation, as of Nov 4, 2026). Per share that is $179.16; our models calculate a fair value of $151.99 per share.
What do the bullish and bearish scenarios say about JKHY?
Our models span a range for Jack Henry & Associates Inc: cautious scenario $69.92, base $151.99, optimistic $219.80 per share (as of Nov 4, 2026, price $179.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JKHY?
Jack Henry & Associates Inc trades at a price-to-earnings ratio of 25.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $151.99 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 27.1 (reported 25.7). Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2018, FY2019, FY2026 ex one-offs: 32.4. Other multiples: PEG 2.0, P/B 6.3, P/S 5.1, EV/EBITDA 18.4.
What is the PEG ratio of JKHY?
The PEG ratio of Jack Henry & Associates Inc is 1.99 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Jack Henry & Associates Inc (JKHY)?
Balance-sheet figures for Jack Henry & Associates Inc (as of Nov 4, 2026): return on equity 24.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 82/100, which measures business quality independently of the share price.
How far is JKHY from its 52-week high?
Jack Henry & Associates Inc trades at $179.16, about 6% below its 52-week high of $190.35 and 46% above the low of $122.97 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $151.99 is for.
Which stocks are comparable to Jack Henry & Associates Inc?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Jack Henry & Associates Inc stock attractive at the current price?
The data as of Nov 4, 2026: price $179.16, calculated fair value $151.99 (−15%), Quality Score 82/100, from 13 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 JKHY calculated?
We run Jack Henry & Associates Inc through 13 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 $151.99, 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. Jack Henry & Associates Inc itself currently trades above fair value. 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 Jack Henry & Associates Inc (JKHY)?
The closing price on Nov 4, 2026 was $179.16. Our model-based fair value is $151.99, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jack Henry & Associates Inc right now?
A high-quality business (quality 82/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide ($69.92 to $219.80). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Jack Henry & Associates Inc (JKHY) come from?
Earnings per share at Jack Henry & Associates Inc grew +8.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +7.6 %, EBIT margin −1.1 %, tax rate +1.5 %, residual (interest, one-offs) +0.5 %. 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 Jack Henry & Associates Inc
How large is the market capitalisation of Jack Henry & Associates Inc (JKHY)?
The market capitalisation of Jack Henry & Associates Inc is $12.9B. 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 Jack Henry & Associates Inc (JKHY)?
The price-to-sales ratio of Jack Henry & Associates Inc is 5.07 (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 Jack Henry & Associates Inc (JKHY)?
Earnings per share at Jack Henry & Associates Inc are $6.98 (price ÷ EPS = P/E 25.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jack Henry & Associates Inc (JKHY)?
The dividend yield of Jack Henry & Associates Inc is 1.3% (payout 34.5%, on adjusted earnings, reported 32.7%). 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 Jack Henry & Associates Inc (JKHY)?
The net margin of Jack Henry & Associates Inc is 19.8% (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 Jack Henry & Associates Inc (JKHY)?
The return on equity (ROE) of Jack Henry & Associates Inc is 24.0% (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 Jack Henry & Associates Inc (JKHY)?
On an EBIT basis the return on assets of Jack Henry & Associates Inc is 17.7% (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 Jack Henry & Associates Inc (JKHY)?
The operating margin of Jack Henry & Associates Inc is 22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jack Henry & Associates Inc (JKHY)?
Revenue at Jack Henry & Associates Inc is growing +4.7% versus a year earlier (3y avg +6.3%). 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 Jack Henry & Associates Inc (JKHY)?
Earnings per share at Jack Henry & Associates Inc are growing −10.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jack Henry & Associates Inc (JKHY) carry?
The net debt of Jack Henry & Associates Inc is $27.9M (fiscal year 2026, ≈ 0.0 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 4, 2026