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Johnson Controls International PLC (JCI) Fair Value & Analysis

Industrials · US · Market cap $87.1B · ISIN IE00BY7QL619

What is Johnson Controls International PLC really worth?

JC Johnson Controls International PLC logo Johnson Controls International PLC JCI · US
Price$142.23
Fair Value$44.75
Upside−68.5%
Quality69/100

A solid business, but trading 218% above our fair value of $44.75.

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Strengths

Solidly profitable · 14.5% net margin
Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +1.1 %/yr)
!Mixed vs. peers (6/15)
!Moderate moat 62/100
!Weak on dividend: 22 out of 100

For context

·1.10% dividend yield
Evidence: High Range $33.04 – $80.78

Fair value as of: Sep 5, 2026

From 26 valuation models · updated today

Share price −7.4% 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 ($80.78). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($33.04 to $80.78) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$154.76 $42.77 Fair Value $44.75 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $42.77 – $154.76 · fair‑value band $33.04 – $80.78 · the $142.23 price screens above the $44.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Johnson Controls International PLC (JCI) currently trades at $142.23, while our model-based Fair Value estimate is $44.75, implying the stock looks roughly 217.9% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $97.11 per share, and 0 of the 26 models we run sit above the $142.23 price. Bear case: the Growth DCF group reads lowest at $12.56, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Johnson Controls International PLC generated revenue of $24.4B at a net margin of 14.5%. Revenue grew 8.2% year over year. It earns a return on equity of 13.5%. Net debt stands at $10.8B. Fundamentals as of Sep 5, 2026

Our scenario range runs from $33.04 (bear case) to $80.78 (bull case); at $142.23, 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 share trades about 4% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −69%, JCI screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 11 months have passed since. In that time the company retained roughly $1.58 per share, which is 3.5 % 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
Owner Earnings $54.15 $88.85 $140.45 75
FCF DCF $4.07 $13.06 $26.45 74
EPV $26.27 $32.89 $38.69 74
All 26 models by family
DCF Models
FCF DCF $4.07 $13.06 $26.45 74
Owner Earnings $54.15 $88.85 $140.45 75
5Y Revenue Exit $18.57 $40.80 $69.18 70
5Y EBITDA Exit $26.47 $55.30 $88.69 73
5Y P/E Exit $41.29 $82.51 $125.29 69
10Y Revenue Exit $11.82 $30.81 $56.14 63
10Y EBITDA Exit $18.08 $40.78 $70.78 65
10Y P/E Exit $27.46 $59.48 $98.23 61
Earnings-Based
Graham-Dodd $36.68 $103.48 $136.21 65
Lynch FV $20.99 $29.99 $38.99 61
PEG = 1.0 $20.99 $29.99 $38.99 57
EPV $26.27 $32.89 $38.69 74
Dividend Discount
Gordon GGM $14.69 $30.54 $48.45 66
DDM Multi-Stage $14.69 $23.29 $32.05 66
Multiples
P/E Multiple $84.96 $113.28 $141.59 63
P/S Multiple $58.01 $77.35 $96.69 58
P/B Multiple $68.77 $91.70 $114.62 55
EV/EBIT $45.64 $65.34 $85.04 65
EV/EBITDA $45.56 $65.23 $84.90 67
EV/Revenue $28.72 $46.80 $64.87 53
Asset-Based
NCAV (Graham) $10.59 $14.20 $21.19 54
Growth DCF
Growth DCF $4.45 $12.56 $23.96 73
Rev-Margin DCF $18.57 $40.52 $64.90 70
Economic Profit
Residual Income $35.78 $48.49 $269.23 64
ROIC Compounder $27.35 $37.76 $50.44 71
Growth Earnings
Growth-Adj P/E $67.98 $97.11 $126.24 67

Widest divergence: Growth Earnings ($97.11) versus Growth DCF ($12.56). Highest evidence: Owner Earnings (75).

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Key figures & financial health

P/E ratio 43.5
P/S ratio 6.07 P/E × margin
EPS (TTM) $3.27 price ÷ EPS = P/E 43.5
Dividend yield 1.1% payout 48.0%
Net margin 13.9% FY2025
Return on equity 13.5% TTM
More key figures
Profitability
Return on assets (EBIT) 6.1% avg 5y
Operating margin 14.0% TTM
Growth
Revenue (TTM) $24.4B TTM
Revenue growth (YoY) +8.2% 3y avg +4.6%
EPS growth (YoY) +38.9%
Balance sheet & cash flow
Free cash flow $965M FY2025
Net debt $10.8B FY2025 · ≈ 11.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 63 · Market factors (momentum, volatility) 61

Profitability 58
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 98
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

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Full company description

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company designs, manufactures, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and digital solutions. It also provides energy solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven building solutions. It sells its products and services to commercial, residential security, institutional, industrial, data center, marine, and governmental customers. Johnson Controls International plc was incorporated in 1885 and is based in Cork, Ireland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Johnson Controls International PLC reported revenue of $23.6B in FY2025 versus $23.7B in FY2021, a compound −0.1%/yr. Reported net income was $3.3B in FY2025, compounding +19.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$23.6B
Latest YoY
+2.8%
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.
+4.6%
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.
+1.1%
Avg. revenue growth/yr (40Y) 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.
+6.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+14.3% (13.2 + 1.1)
Revenue −0.1%/yr
FY21 $23.7B
FY22 $20.6B
FY23 $22.3B
FY24 $23.0B
FY25 $23.6B
Net income +19.1%/yr
FY21 $1.6B
FY22 $1.5B
FY23 $1.8B
FY24 $1.7B
FY25 $3.3B
Character of growth · EPS growth decomposed (2014-2025) +5.5 % p.a.
Revenue per share −0.2 %

of which total revenue −0.4 % · buybacks/dilution +0.1 %

EBIT margin +4.0 %
Tax rate +2.3 %
Residual (interest, one-offs) −0.6 %

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).

JCI screens 218% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Johnson Controls International PLC Fair Value". https://www.fairvalue-calculator.com/stock/JCI

Peer Group

Building Products & Equipment · 243 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 69 · Top 25%
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.67× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 43.5× · Pricier than 75% of peers
P/B 6.74× · Pricier than 75% of peers
P/S (TTM) 3.57× · Pricier than 75% of peers
P/FCF 90.3× · Pricier than 75% of peers
EV/EBITDA 22.1× · Pricier than 75% of peers
PEG 1.93× · Pricier 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
FUTURE41 · sector 11
PAST54 · sector 25
HEALTH67 · sector 95
DIVIDEND22 · sector 41

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

Insider activity: 46/100

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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%
Advanced Drainage Systems, Inc WMS $144.10 $106.17 −26%

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Frequently asked questions

Is Johnson Controls International PLC (JCI) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of $44.75 versus a price of $142.23, about −69% upside (overvalued).
What is the fair value of JCI?
Our model-based fair value for Johnson Controls International PLC is $44.75 (as of Sep 5, 2026), built from audited fundamentals. The current price: $142.23.
What is the quality score of JCI?
Johnson Controls International PLC has a Quality Score of 69/100. 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 Johnson Controls International PLC (JCI)?
Johnson Controls International PLC reported trailing-twelve-month revenue of about $24.4B (latest available figure, as of Sep 5, 2026).
What is the net profit margin of JCI?
The net profit margin of Johnson Controls International PLC is about 14.5%, meaning it keeps roughly 14.5% of revenue as net income. Based on the latest reported figures.
Does Johnson Controls International PLC pay a dividend?
Johnson Controls International PLC currently shows a dividend yield of about 1.10% relative to its recent price (as of Sep 5, 2026).
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