Upside case
Bull case
$1247+235.0%
JBL would need investors to value it at roughly 101x earnings — about 71x more generous than today's 30x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Jabil Inc. (JBL) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
23
analysts
12 bullish · 0 bearish · 23 covering JBL
Strong Buy
1
Buy
11
Hold
11
Sell
0
Strong Sell
0
Consensus Target
$273
-26.7% vs today
Scenario Range
$246 – $1247
Model bear to bull value window
Coverage
23
Published analyst ratings
Valuation Context
30.2x
Forward P/E · Market cap $40.0B
JBL price targets
Three scenarios for where JBL stock could go
Current
~$372
Confidence
64 / 100
Updated
May 1, 2026
Where we are now
Current · $372
Bear
$246
Base
$634
Bull
$1247
Market caseClosest to today
Base case
$634+70.3%
At 52x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$246-33.9%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push JBL down roughly 34% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Jabil Inc.
JBL · NYSETechnologyHardware, Equipment & PartsAugust year-end
Jabil is a global manufacturing services provider that designs and produces electronics, components, and products for technology companies. It generates revenue primarily through its Electronics Manufacturing Services segment — which accounts for roughly 70% of sales — and its Diversified Manufacturing Services segment for healthcare, automotive, and other industries. The company's competitive advantage lies in its massive global scale, deep engineering expertise, and ability to handle complex supply chain logistics for major technology brands.
Market Cap
$40.0B
Revenue TTM
$32.7B
Net Income TTM
$809M
Net Margin
2.5%
JBL Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
82%Exceptional
vs consensus estimates
Avg EPS Surprise
+5.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$2.55/$2.31
Revenue
$7.8B/$7.1B
Q3 2025
EPS
$3.29/$2.92
Revenue
$8.3B/$7.6B
Q4 2025
EPS
$2.85/$2.70
Revenue
$8.3B/$8.0B
Q1 2026
EPS
$2.69/$2.51
Revenue
$8.3B/$7.8B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $2.55/$2.31 | +10.4% | $7.8B/$7.1B | +10.9% |
| Q3 2025 | $3.29/$2.92 | +12.7% | $8.3B/$7.6B | +8.7% |
| Q4 2025 | $2.85/$2.70 | +5.6% | $8.3B/$8.0B | +3.4% |
| Q1 2026 | $2.69/$2.51 | +7.2% | $8.3B/$7.8B | +6.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$33.2B
+1.5% YoY
FY2
$33.8B
+2.0% YoY
EPS Outlook
FY1
$9.12
+21.2% YoY
FY2
$10.08
+10.6% YoY
Trailing FCF (TTM)$1.5B
FCF Margin: 4.5%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
JBL beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
JBL Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $29.8B
Product Mix
Latest annual revenue by segment or product family
Intelligent Infrastructure
41.3%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Other Countries
29.6%
+1.9% YoY
Tap, hover, or focus a slice to inspect segment detail.
Intelligent Infrastructure is the largest disclosed segment at 41.3% of FY 2025 revenue, with no year-over-year comparison yet.
Other Countries is the largest reported region at 29.6%, up 1.9% YoY.
JBL Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Undervalued
Fair value est. $435 — implies +26.9% from today's price.
Upside to Fair Value
26.9%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
JBL
62.9x
vs
S&P 500
25.2x
+149% premium
vs Technology Trailing P/E
JBL
62.9x
vs
Technology
27.5x
+129% premium
vs JBL 5Y Avg P/E
Today
62.9x
vs
5Y Average
17.1x
+267% premium
Forward PE
30.2x
S&P 500
19.1x
+59%
Technology
21.7x
+39%
5Y Avg
—
—
Trailing PE
62.9x
S&P 500
25.2x
+149%
Technology
27.5x
+129%
5Y Avg
17.1x
+267%
PEG Ratio
0.83x
S&P 500
1.75x
-53%
Technology
1.47x
-44%
5Y Avg
—
—
EV/EBITDA
22.3x
S&P 500
15.3x
+46%
Technology
17.4x
+29%
5Y Avg
7.1x
+213%
Price/FCF
34.1x
S&P 500
21.3x
+60%
Technology
19.8x
+73%
5Y Avg
24.6x
+39%
Price/Sales
1.3x
S&P 500
3.1x
-57%
Technology
2.4x
-44%
5Y Avg
0.5x
+197%
Dividend Yield
0.09%
S&P 500
1.88%
-95%
Technology
1.18%
-93%
5Y Avg
0.37%
-76%
| Metric | JBL | S&P 500 | Technology | 5Y Avg JBL |
|---|---|---|---|---|
| Forward PE | 30.2x | 19.1x+59% | 21.7x+39% | — |
| Trailing PE | 62.9x | 25.2x+149% | 27.5x+129% | 17.1x+267% |
| PEG Ratio | 0.83x | 1.75x-53% | 1.47x-44% | — |
| EV/EBITDA | 22.3x | 15.3x+46% | 17.4x+29% | 7.1x+213% |
| Price/FCF | 34.1x | 21.3x+60% | 19.8x+73% | 24.6x+39% |
| Price/Sales | 1.3x | 3.1x-57% | 2.4x-44% | 0.5x+197% |
| Dividend Yield | 0.09% | 1.88% | 1.18% | 0.37% |
JBL trades above S&P 500 benchmarks on 4 of 6 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolJBL Financial Health
Verdict
Adequate
JBL 30.9% ROIC signals a durable competitive advantage — returns 2.6% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$32.7B
Revenue Growth
TTM vs prior year
+19.0%
Gross Margin
Gross profit as a share of revenue
9.0%
Operating Margin
Operating income divided by revenue
4.3%
Net Margin
Net income divided by revenue
2.5%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$7.52
Free Cash Flow (TTM)
Cash generation after capex
$1.5B
FCF Margin
FCF as share of revenue — the primary cash quality signal
4.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
30.9%
ROA
Return on assets, trailing twelve months
4.2%
Cash & Equivalents
Liquid assets on the balance sheet
$1.9B
Net Debt
Total debt minus cash
$1.4B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.0× FCF
~1.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
58.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
2.6%
Dividend
0.1%
Buyback
2.5%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$1.0B
Dividend / Share
Annualized trailing dividend per share
$0.32
Payout Ratio
Share of earnings distributed as dividends
5.5%
Shares Outstanding
Declining as buybacks retire shares
111M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageJBL Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Revenue Concentration
Samsung, a key partner, supplies a large portion of JBL’s revenue through its smartphone and semiconductor product lines. A decline in demand for these items could materially reduce JBL’s top line.
High Risk
Sanctions Violations
Harman International was fined $1.45 million for violating U.S. sanctions on Iran due to inadequate compliance controls. Future violations could lead to larger fines and reputational damage.
High Risk
Trade Policies & Tariffs
Changes in U.S. “America First” trade policies and tariff adjustments can increase export costs and limit access to subsidies for JBL’s suppliers and partners.
High Risk
Economic Downturns
Global economic slowdowns reduce consumer spending on electronics, directly impacting JBL’s sales volume and profitability.
Medium
Supply Chain Disruptions
Supplier risks, such as a competitor acquiring a key supplier or price hikes, can interrupt production. JBL mitigates this through long‑term relationships but remains exposed.
Lower
Rapid Technological Change
The fast pace of innovation requires continuous R&D. Failure to keep pace can erode JBL’s competitive position and market share.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why JBL Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Robust Free Cash Flow Growth
Jabil has delivered a 30%+ compound annual growth rate in free cash flow since 2019, with margins expanding year over year. This trend reflects operational efficiencies and a strong balance sheet.
Consistent Earnings Beat
The company has consistently outperformed earnings estimates, posting an average positive surprise of 8.3% over the last four quarters. This demonstrates reliable earnings quality and management execution.
Rising Earnings Estimates
FY2026 earnings estimates have climbed from $11.05 to $11.55, indicating upward guidance momentum. This upward trend supports expectations of continued profitability growth.
High‑Margin Manufacturing Partner
Jabil positions itself in higher‑margin sectors such as AI, photonics, and healthcare, where demand is accelerating. Its expertise in these areas drives premium pricing and repeat business.
Strong Market Position
With a market capitalization of approximately $27.26 billion, Jabil commands a solid industry presence. Its ability to compound value in growth sectors like EVs and renewable energy underpins long‑term upside.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
JBL Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$372.34
52W Range Position
100%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$146.88
+153.5% from the low
52-Week High
$372.34
0.0% from the high
1 Month
+39.21%
3 Month
+44.18%
YTD
+54.9%
1 Year
+147.7%
3Y CAGR
+68.1%
5Y CAGR
+47.8%
10Y CAGR
+36.1%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
JBL vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
30.2x
vs 34.4x median
-12% below peer median
Revenue Growth
+1.5%
vs +2.6% median
-42% below peer median
Net Margin
2.5%
vs 3.2% median
-22% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
JBL JBL Jabil Inc. | $40.0B | 30.2x | +1.5% | 2.5% | Buy | -26.7% |
FLE FLEX Flex Ltd. | $49.5B | 41.5x | +0.0% | 3.2% | Buy | -40.6% |
CLS CLS Celestica Inc. | $47.6B | 41.2x | +27.6% | 6.9% | Buy | +10.9% |
BHE BHE Benchmark Electronics, Inc. | $3.1B | 31.3x | +1.4% | 1.3% | Hold | -0.7% |
SAN SANM Sanmina Corporation | $13.0B | 21.4x | +7.6% | 2.3% | Hold | -16.2% |
PLX PLXS Plexus Corp. | $7.1B | 34.4x | +2.6% | 4.4% | Buy | -5.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
JBL Dividend and Capital Return
JBL returns capital mainly through $1.0B/year in buybacks (2.5% buyback yield), with a modest 0.09% dividend — combining for 2.6% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
2.6%
Dividend + buyback return per year
Buyback Yield
2.5%
Dividend Yield
0.09%
Payout Ratio
5.5%
How JBL Splits Its Return
Buyback 2.5%
Dividend 0.09%Buybacks 2.5%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.32
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$1.0B
Estimated Shares Retired
3M
Approx. Share Reduction
2.4%
Shares Outstanding
Current diluted share count from the screening snapshot
111M
At 2.4%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.16 | — | — | — |
| 2025 | $0.32 | 0.0% | 4.4% | 4.6% |
| 2024 | $0.32 | 0.0% | 18.4% | 18.7% |
| 2023 | $0.32 | 0.0% | 3.1% | 3.4% |
| 2022 | $0.32 | 0.0% | 8.0% | 8.5% |
FAQ
7 questionsJBL Investor Questions
Common questions answered from live analyst data and company financials.
01Is Jabil Inc. (JBL) stock a buy or sell in 2026?
Jabil Inc. (JBL) is rated Buy by Wall Street analysts as of 2026. Of 23 analysts covering the stock, 12 rate it Buy or Strong Buy, 11 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $273, implying -26.7% from the current price of $372. The bear case scenario is $246 and the bull case is $1247.
02What is the JBL stock price target for 2026?
The Wall Street consensus price target for JBL is $273 based on 23 analyst estimates. The high-end target is $283 (-24.0% from today), and the low-end target is $254 (-31.8%). The base case model target is $634.
03Is Jabil Inc. (JBL) stock overvalued in 2026?
JBL trades at 30.2x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Jabil Inc. (JBL) stock in 2026?
The primary risks for JBL in 2026 are: (1) Revenue Concentration — Samsung, a key partner, supplies a large portion of JBL’s revenue through its smartphone and semiconductor product lines. (2) Sanctions Violations — Harman International was fined $1. (3) Trade Policies & Tariffs — Changes in U. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Jabil Inc.'s revenue and earnings forecast?
Analyst consensus estimates JBL will report consensus revenue of $33.2B (+1.5% year-over-year) and EPS of $9.12 (+21.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $33.8B in revenue.
06When does Jabil Inc. (JBL) report its next earnings?
A confirmed upcoming earnings date for JBL is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Jabil Inc. generate?
Jabil Inc. (JBL) generated $1.5B in free cash flow over the trailing twelve months — a free cash flow margin of 4.5%. JBL returns capital to shareholders through dividends (0.1% yield) and share repurchases ($1.0B TTM).