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Jabil Circuit Inc (JBL) Fair Value & Analysis

Technology · US · Market cap $32.2B · ISIN US4663131039

What is Jabil Circuit Inc really worth?

JC Jabil Circuit Inc logo Jabil Circuit Inc JBL · US
Price$305.92
Fair Value$175.56
Upside−42.6%
Quality61/100

A solid business, but trading 74% above our fair value of $175.56.

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Risks

!Mixed Growth (revenue 5y +1.8 %/yr)
!Thin margins · 2.6% net margin
!High debt · generates free cash flow
!Mixed vs. peers (7/15)
!Moderate moat 49/100
!Weak on balance sheet: 21 out of 100
!Weak on dividend: 2 out of 100

For context

·0.10% dividend yield
Evidence: High Range $116.68 – $219.44

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 9 days ago

Share price −10.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($219.44). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($116.68 to $219.44) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$385.63 $49.98 Fair Value $175.56 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range $49.98 – $385.63 · fair‑value band $116.68 – $219.44 · the $305.92 price screens above the $175.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Jabil Circuit Inc (JBL) currently trades at $305.92, while our model-based Fair Value estimate is $175.56, implying the stock looks roughly 74.2% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of $199.96 per share, and 2 of the 26 models we run sit above the $305.92 price. Bear case: the Earnings-Based group reads lowest at $59.75, and 24 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Jabil Circuit Inc generated revenue of $32.7B at a net margin of 2.5%. Revenue grew 23.1% year over year. It earns a return on equity of 59.7%. Net debt stands at $1.4B. Fundamentals as of Aug 27, 2026

Our scenario range runs from $116.68 (bear case) to $219.44 (bull case); at $305.92, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. 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 20% below its 52-week high and 75% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −43%, JBL screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly $7.08 per share, which is 4.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF best evidence $131.97 $226.50 $381.82 78
Growth DCF $132.47 $222.99 $370.03 76
Owner Earnings $96.04 $165.65 $280.01 74
All 26 models by family
DCF Models
FCF DCF best evidence $131.97 $226.50 $381.82 78
Owner Earnings $96.04 $165.65 $280.01 74
5Y Revenue Exit $107.63 $179.74 $274.28 71
5Y EBITDA Exit $185.84 $334.30 $515.79 74
5Y P/E Exit $120.76 $205.70 $298.88 70
10Y Revenue Exit $111.53 $181.39 $281.30 66
10Y EBITDA Exit $165.84 $291.97 $475.40 66
10Y P/E Exit $123.43 $199.96 $301.06 63
Earnings-Based
Graham-Dodd $42.64 $168.96 $229.51 64
Lynch FV $41.83 $59.75 $77.68 61
PEG = 1.0 $41.83 $59.75 $77.68 57
EPV $81.75 $96.09 $108.64 74
Dividend Discount
Gordon GGM $3.15 $6.56 $10.40 66
DDM Multi-Stage $3.15 $5.53 $6.88 66
Multiples
P/E Multiple $131.67 $175.56 $219.44 63
P/S Multiple $79.94 $106.59 $133.23 58
P/B Multiple $64.97 $86.63 $108.29 55
EV/EBIT $198.72 $266.40 $334.08 66
EV/EBITDA $234.79 $314.49 $394.20 67
EV/Revenue $98.33 $142.32 $186.31 53
Asset-Based
NCAV (Graham) $7.22 $9.67 $14.44 54
Growth DCF
Growth DCF $132.47 $222.99 $370.03 76
Rev-Margin DCF $107.63 $179.19 $267.38 72
Economic Profit
Residual Income $59.30 $107.16 $2,437 64
ROIC Compounder $88.27 $111.84 $138.47 72
Growth Earnings
Growth-Adj P/E $88.64 $126.63 $164.62 67

Widest divergence: DCF Models ($199.96) versus Dividend Discount ($5.53). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 38.3
P/S ratio 0.85 P/E × margin
EPS (TTM) $7.98 price ÷ EPS = P/E 38.3
Dividend yield 0.1% payout 4.0%
Net margin 2.2% FY2025
Return on equity 65.9% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 5.2% TTM
Growth
Revenue (TTM) $33.6B TTM
Revenue growth (YoY) +11.8% 3y avg −3.8%
EPS growth (YoY) +27.6%
Balance sheet & cash flow
Free cash flow $1.2B FY2025
Net debt $1.4B FY2025 · ≈ 1.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 57

Profitability 56
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jabil Circuit Inc reported revenue of $29.8B in FY2025 versus $29.3B in FY2021, a compound +0.4%/yr. Reported net income was $657M in FY2025, compounding −1.4%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$29.8B
Latest YoY
+3.2%
Avg. revenue growth/yr (3Y) 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.
−3.8%
Avg. revenue growth/yr (5Y) 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.
+1.8%
Avg. revenue growth/yr (34Y) 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.
+15.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+26.9% (26.8 + 0.1)
Revenue +0.4%/yr
FY21 $29.3B
FY22 $33.5B
FY23 $34.7B
FY24 $28.9B
FY25 $29.8B
Net income −1.4%/yr
FY21 $696M
FY22 $996M
FY23 $818M
FY24 $1.4B
FY25 $657M
Character of growth · EPS growth decomposed (2014-2025) +21.7 % p.a.
Revenue per share +12.4 %

of which total revenue +6.7 % · buybacks/dilution +5.3 %

EBIT margin +8.3 %
Tax rate +0.6 %
Residual (interest, one-offs) −0.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

JBL screens 74% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Jabil Circuit Inc Fair Value". https://www.fairvalue-calculator.com/stock/JBL

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electronic Components · 638 stocks

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.

Quality Score 61 · Above median
Fair Value upside −43% · Below median
Return on equity (TTM) 66% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 1.58× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 38.3× · Pricier than median
P/B 21.28× · Pricier than 75% of peers
P/S (TTM) 0.96× · Cheaper than median
P/FCF 27.5× · Pricier than 75% of peers
EV/EBITDA 13.6× · Cheaper than median
PEG 0.82× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE59 · sector 40
PAST100 · sector 25
HEALTH21 · sector 95
DIVIDEND2 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Jabil Circuit Inc (JBL) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of $175.56 versus a price of $305.92, about −43% upside (overvalued).
What is the fair value of JBL?
Our model-based fair value for Jabil Circuit Inc is $175.56 (as of Aug 27, 2026), built from audited fundamentals. The current price: $305.92.
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 revenue of Jabil Circuit Inc (JBL)?
Jabil Circuit Inc reported trailing-twelve-month revenue of about $32.7B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of JBL?
The net profit margin of Jabil Circuit Inc is about 2.5%, meaning it keeps roughly 2.5% of revenue as net income. Based on the latest reported figures.
Does Jabil Circuit Inc pay a dividend?
Jabil Circuit Inc currently shows a dividend yield of about 0.10% relative to its recent price (as of Aug 27, 2026).
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