Latest Ratios: P/E Ratio 45.4x · EV/EBITDA 17.8x · ROE 15.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26.2B | $19.0B | $17.5B | $20.9B | $18.4B | $21.8B | $14.6B | $12.6B | $10.3B | $12.8B | $11.0B |
| Enterprise Value | $28.1B | $20.9B | $19.3B | $22.7B | $19.9B | $22.9B | $15.7B | $14.0B | $11.4B | $13.8B | $12.0B |
| P/E Ratio → | 45.38 | 31.75 | 30.69 | 28.66 | 18.93 | 28.63 | 28.83 | 24.48 | 21.00 | 18.61 | 25.48 |
| P/S Ratio | 2.18 | 1.58 | 1.45 | 1.63 | 1.24 | 1.79 | 1.51 | 1.38 | 1.19 | 1.78 | 1.68 |
| P/B Ratio | 7.61 | 5.33 | 4.37 | 5.08 | 5.01 | 6.99 | 5.61 | 5.58 | 4.89 | 6.94 | 7.78 |
| P/FCF | 27.64 | 20.03 | 28.39 | — | 77.75 | 78.84 | 37.96 | 51.79 | 111.44 | 38.90 | 51.01 |
| P/OCF | 15.61 | 11.31 | 11.82 | 11.96 | 10.33 | 17.80 | 12.99 | 11.52 | 9.44 | 14.93 | 12.88 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.74 | 1.59 | 1.77 | 1.34 | 1.88 | 1.63 | 1.53 | 1.33 | 1.92 | 1.83 |
| EV / EBITDA | 17.76 | 13.20 | 12.11 | 13.13 | 10.06 | 14.30 | 12.67 | 11.38 | 10.22 | 13.74 | 11.07 |
| EV / EBIT | 32.44 | 24.11 | 22.99 | 22.72 | 14.91 | 21.91 | 22.03 | 19.08 | 16.76 | 22.18 | 16.62 |
| EV / FCF | — | 22.01 | 31.21 | — | 84.19 | 82.93 | 40.90 | 57.46 | 123.83 | 42.16 | 55.55 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.3% | 13.3% | 17.1% | 17.2% | 16.7% | 15.4% | 15.0% | 16.4% | 15.8% | 16.7% | 18.1% |
| Operating Margin | 7.2% | 7.2% | 6.9% | 7.7% | 9.0% | 8.6% | 7.4% | 8.0% | 7.9% | 8.7% | 11.0% |
| Net Profit Margin | 5.0% | 5.0% | 4.7% | 5.7% | 6.5% | 6.3% | 5.3% | 5.6% | 5.7% | 9.5% | 6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.8% | 15.8% | 14.1% | 18.7% | 28.6% | 26.6% | 20.8% | 23.6% | 24.8% | 42.2% | 31.8% |
| ROA | 7.2% | 7.2% | 6.6% | 8.7% | 13.0% | 11.7% | 8.8% | 9.8% | 10.4% | 16.8% | 11.6% |
| ROIC | 11.6% | 11.6% | 10.6% | 13.3% | 21.2% | 19.7% | 14.5% | 16.0% | 16.6% | 17.6% | 23.1% |
| ROCE | 13.3% | 13.3% | 11.7% | 14.4% | 22.8% | 20.5% | 15.1% | 18.0% | 19.0% | 19.0% | 23.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.53 | 0.45 | 0.47 | 0.43 | 0.48 | 0.55 | 0.63 | 0.55 | 0.59 | 0.70 |
| Debt / EBITDA | 1.20 | 1.20 | 1.12 | 1.11 | 0.80 | 0.93 | 1.16 | 1.15 | 1.03 | 1.08 | 0.91 |
| Net Debt / Equity | — | 0.52 | 0.43 | 0.46 | 0.41 | 0.36 | 0.43 | 0.61 | 0.54 | 0.58 | 0.69 |
| Net Debt / EBITDA | 1.18 | 1.18 | 1.09 | 1.08 | 0.77 | 0.70 | 0.91 | 1.12 | 1.02 | 1.06 | 0.91 |
| Debt / FCF | — | 1.97 | 2.82 | — | 6.44 | 4.08 | 2.93 | 5.67 | 12.38 | 3.26 | 4.54 |
| Interest Coverage | 12.19 | 12.19 | 10.61 | 15.18 | 26.00 | 22.62 | 15.00 | 13.45 | 16.85 | 21.68 | 28.51 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.83 | 0.83 | 1.06 | 1.35 | 1.41 | 1.33 | 1.70 | 1.43 | 1.11 | 1.33 | 1.36 |
| Quick Ratio | 0.81 | 0.81 | 1.03 | 1.32 | 1.38 | 1.32 | 1.68 | 1.41 | 1.10 | 1.30 | 1.33 |
| Cash Ratio | 0.01 | 0.01 | 0.03 | 0.04 | 0.03 | 0.21 | 0.29 | 0.03 | 0.01 | 0.02 | 0.01 |
| Asset Turnover | — | 1.47 | 1.42 | 1.46 | 1.85 | 1.75 | 1.59 | 1.68 | 1.69 | 1.65 | 1.71 |
| Inventory Turnover | 246.45 | 246.45 | 240.60 | 251.73 | 303.96 | 411.41 | 343.92 | 362.88 | 330.15 | 289.55 | 289.06 |
| Days Sales Outstanding | — | 41.37 | 44.75 | 44.56 | 45.80 | 51.69 | 49.63 | 40.30 | 56.19 | 61.14 | 52.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 0.9% | 1.0% | 0.8% | 0.9% | 0.6% | 0.8% | 0.9% | 1.0% | 0.8% | 0.9% |
| Payout Ratio | 28.6% | 28.6% | 30.7% | 23.9% | 17.2% | 16.4% | 22.6% | 21.7% | 21.4% | 14.8% | 22.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 3.1% | 3.3% | 3.5% | 5.3% | 3.5% | 3.5% | 4.1% | 4.8% | 5.4% | 3.9% |
| FCF Yield | 3.6% | 5.0% | 3.5% | — | 1.3% | 1.3% | 2.6% | 1.9% | 0.9% | 2.6% | 2.0% |
| Buyback Yield | 3.6% | 5.0% | 3.1% | 0.9% | 1.8% | 0.8% | 0.8% | 2.3% | 1.7% | 1.6% | 2.4% |
| Total Shareholder Yield | 4.3% | 5.9% | 4.1% | 1.8% | 2.7% | 1.4% | 1.6% | 3.2% | 2.7% | 2.3% | 3.3% |
| Shares Outstanding | — | $98M | $103M | $104M | $105M | $107M | $107M | $108M | $110M | $111M | $113M |
Intermodal volume and pricing
Based on reported figures, JBHT trades at a TTM P/E of 45.80, which appears significantly elevated compared to historical norms and peer averages, suggesting that the market is pricing in a substantial recovery in freight volumes that has yet to materialize in the underlying financial results.
The current forward P/E of 38.03 implies an aggressive growth expectation that may be disconnected from the reality of persistent excess capacity in the U.S. truckload market. Investors should monitor whether this valuation premium is supported by the company's digital platform initiatives or if it represents an over-optimistic outlook on cyclical recovery.
As reported in financial statements, JBHT's ROIC has remained suppressed, hovering between 2.4% and 3.5% over the last ten quarters, which indicates that the company's heavy investment in its proprietary container and chassis fleet is currently failing to generate returns that exceed its cost of capital.
The persistent gap between ROIC and historical performance suggests that the company is struggling to achieve the necessary asset utilization to justify its capital-intensive model. This trend warrants further investigation into whether the recent joint service initiatives with BNSF can effectively drive the margin expansion required to improve these returns.
According to recent SEC filings, JBHT's asset turnover has remained stagnant at approximately 0.35x to 0.38x, reflecting the structural difficulty of scaling revenue in a capital-heavy logistics model where equipment density is the primary driver of service reliability rather than rapid asset velocity.
The stability in DSO, which has fluctuated between 36 and 44 days, suggests that the company maintains consistent control over its receivables despite the broader freight market softness. However, the lack of improvement in asset turnover indicates that the company's massive equipment base may be underutilized during periods of weak demand.
Based on JBHT's reported figures, the P/B ratio of 7.68 is frequently misapplied by market participants who fail to account for the significant depreciation of the company's massive container and chassis fleet, which artificially deflates the book value and distorts the perceived valuation of the firm.
Investors should instead focus on EV/EBITDA or cash-flow-based metrics, as the book value is heavily influenced by accounting depreciation schedules rather than the true replacement cost or strategic value of the intermodal network. Relying on P/B in this context obscures the company's actual ability to generate cash from its core infrastructure.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying JBHT stock.
J.B. Hunt Transport Services, Inc.'s current P/E ratio is 45.4x. The historical average is 24.3x. This places it at the 97th percentile of its historical range.
J.B. Hunt Transport Services, Inc.'s current EV/EBITDA is 17.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.2x.
J.B. Hunt Transport Services, Inc.'s return on equity (ROE) is 15.8%. The historical average is 24.2%.
Based on historical data, J.B. Hunt Transport Services, Inc. is trading at a P/E of 45.4x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
J.B. Hunt Transport Services, Inc.'s current dividend yield is 0.63% with a payout ratio of 28.6%.
J.B. Hunt Transport Services, Inc. has 13.3% gross margin and 7.2% operating margin.
J.B. Hunt Transport Services, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.