Latest Ratios: P/E Ratio 54.2x · EV/EBITDA 19.0x · ROE 40.4%. (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 | $33.9B | $22.7B | $13.6B | $15.5B | $8.7B | $9.4B | $5.3B | $4.6B | $5.2B | $5.8B | $4.1B |
| Enterprise Value | $35.3B | $24.1B | $14.6B | $17.0B | $10.6B | $11.1B | $7.0B | $5.9B | $6.4B | $6.7B | $5.3B |
| P/E Ratio → | 54.24 | 34.60 | 9.78 | 19.01 | 8.74 | 13.49 | 97.57 | 15.92 | 60.33 | 45.43 | 16.05 |
| P/S Ratio | 1.14 | 0.76 | 0.47 | 0.45 | 0.26 | 0.32 | 0.19 | 0.18 | 0.23 | 0.31 | 0.22 |
| P/B Ratio | 23.47 | 14.97 | 7.82 | 5.42 | 3.55 | 4.40 | 2.91 | 2.40 | 2.64 | 2.46 | 1.66 |
| P/FCF | 28.90 | 19.38 | 14.57 | 22.09 | 32.73 | 34.29 | 19.34 | 24.37 | — | 10.79 | — |
| P/OCF | 20.66 | 13.85 | 7.92 | 8.97 | 5.27 | 6.56 | 4.22 | 3.83 | 5.54 | 4.64 | 4.46 |
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 | — | 0.81 | 0.51 | 0.49 | 0.32 | 0.38 | 0.26 | 0.23 | 0.29 | 0.35 | 0.29 |
| EV / EBITDA | 19.02 | 13.01 | 5.40 | 6.91 | 4.59 | 5.77 | 5.44 | 4.01 | 4.89 | 5.74 | 4.34 |
| EV / EBIT | 29.87 | 21.26 | 7.61 | 11.58 | 7.73 | 10.44 | 16.21 | 9.24 | 12.32 | 17.03 | 10.11 |
| EV / FCF | — | 20.60 | 15.71 | 24.14 | 40.00 | 40.69 | 25.71 | 31.47 | — | 12.43 | — |
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 | 8.9% | 8.9% | 9.3% | 8.3% | 7.9% | 8.1% | 7.1% | 7.6% | 7.7% | 8.1% | 8.3% |
| Operating Margin | 4.0% | 4.0% | 7.0% | 4.4% | 4.2% | 3.6% | 1.8% | 2.8% | 2.5% | 2.2% | 2.8% |
| Net Profit Margin | 2.2% | 2.2% | 4.8% | 2.4% | 3.0% | 2.4% | 0.2% | 1.1% | 0.4% | 0.7% | 1.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.4% | 40.4% | 60.3% | 30.8% | 43.4% | 35.1% | 2.9% | 14.9% | 4.0% | 5.3% | 10.6% |
| ROA | 3.7% | 3.7% | 7.5% | 4.2% | 5.5% | 4.5% | 0.4% | 2.3% | 0.7% | 1.2% | 2.6% |
| ROIC | 30.9% | 30.9% | 42.5% | 26.5% | 25.3% | 21.2% | 11.0% | 16.3% | 12.5% | 8.9% | 11.6% |
| ROCE | 22.7% | 22.7% | 32.7% | 24.1% | 23.2% | 18.7% | 10.2% | 15.2% | 12.0% | 9.1% | 12.0% |
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 | 2.22 | 2.22 | 1.88 | 1.13 | 1.39 | 1.55 | 1.72 | 1.31 | 1.28 | 0.88 | 0.86 |
| Debt / EBITDA | 1.81 | 1.81 | 1.20 | 1.32 | 1.47 | 1.72 | 2.43 | 1.69 | 1.91 | 1.78 | 1.74 |
| Net Debt / Equity | — | 0.94 | 0.61 | 0.50 | 0.79 | 0.82 | 0.96 | 0.70 | 0.64 | 0.38 | 0.49 |
| Net Debt / EBITDA | 0.77 | 0.77 | 0.39 | 0.59 | 0.83 | 0.91 | 1.35 | 0.91 | 0.96 | 0.76 | 0.99 |
| Debt / FCF | — | 1.22 | 1.13 | 2.05 | 7.27 | 6.39 | 6.37 | 7.11 | — | 1.64 | — |
| Interest Coverage | 4.66 | 4.66 | 11.12 | 7.13 | 9.12 | 8.22 | 2.50 | 3.40 | 3.51 | 2.86 | 3.86 |
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 | 1.00 | 1.00 | 1.09 | 1.16 | 1.02 | 1.02 | 1.01 | 0.98 | 1.04 | 0.96 | 1.05 |
| Quick Ratio | 0.66 | 0.66 | 0.72 | 0.75 | 0.57 | 0.60 | 0.66 | 0.62 | 0.57 | 0.54 | 0.61 |
| Cash Ratio | 0.14 | 0.14 | 0.19 | 0.14 | 0.11 | 0.15 | 0.15 | 0.14 | 0.17 | 0.17 | 0.16 |
| Asset Turnover | — | 1.61 | 1.66 | 1.79 | 1.70 | 1.76 | 1.89 | 1.95 | 1.83 | 1.72 | 1.78 |
| Inventory Turnover | 5.80 | 5.80 | 6.13 | 6.12 | 5.03 | 6.10 | 8.09 | 7.73 | 5.90 | 5.95 | 6.85 |
| Days Sales Outstanding | — | 62.41 | 58.18 | 49.25 | 56.60 | 51.59 | 52.92 | 52.80 | 27.97 | 26.76 | 27.04 |
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 | 0.1% | 0.2% | 0.3% | 0.3% | 0.6% | 0.5% | 1.0% | 1.1% | 1.1% | 1.0% | 1.5% |
| Payout Ratio | 5.5% | 5.5% | 3.0% | 5.5% | 4.8% | 7.2% | 93.4% | 18.1% | 67.0% | 46.4% | 24.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 2.9% | 10.2% | 5.3% | 11.4% | 7.4% | 1.0% | 6.3% | 1.7% | 2.2% | 6.2% |
| FCF Yield | 3.5% | 5.2% | 6.9% | 4.5% | 3.1% | 2.9% | 5.2% | 4.1% | — | 9.3% | — |
| Buyback Yield | 3.0% | 4.4% | 18.4% | 3.1% | 8.0% | 4.6% | 4.1% | 7.7% | 8.7% | 5.3% | 3.6% |
| Total Shareholder Yield | 3.1% | 4.6% | 18.7% | 3.4% | 8.5% | 5.1% | 5.0% | 8.8% | 9.8% | 6.3% | 5.2% |
| Shares Outstanding | — | $111M | $124M | $136M | $144M | $152M | $155M | $159M | $175M | $186M | $193M |
Elevated debt leverage sensitivity
According to current market data, Jabil trades at a forward P/E of 28.08, which appears to price in significant earnings growth potential that may be difficult to sustain given the historical volatility of its manufacturing-heavy business model compared to its diversified industrial peers.
The current valuation multiples, including an EV/EBITDA of 21.13, suggest that investors are assigning a premium for the company's strategic pivot toward higher-margin DMS segments. However, this pricing warrants caution as it implies a growth trajectory that may be sensitive to the cyclicality of the automotive and healthcare end-markets.
Based on reported financial statements, Jabil's ROIC has fluctuated between 5.3% and 9.8% over the last ten quarters, indicating that the company's ability to compound capital is heavily dependent on the successful integration of complex manufacturing projects rather than consistent operational efficiency.
The inconsistency in ROIC suggests that the company's capital allocation strategy is currently struggling to generate returns that consistently exceed its cost of capital. Investors should monitor whether the recent focus on EV power electronics can drive a more stable and upward trend in capital returns.
As reported in recent filings, Jabil's cash conversion cycle has tightened to 11 days in 2026Q3, reflecting a significant improvement in inventory and receivable management compared to the 52-day cycle observed in 2024Q2, which suggests enhanced operational discipline in managing its global supply chain.
While the reduction in the cash conversion cycle is a positive indicator of improved working capital efficiency, it may also reflect a more cautious approach to inventory stocking in a volatile demand environment. The reliance on high DPO levels to manage cash flow warrants further investigation into supplier relationships.
Data from recent balance sheets reveals a debt-to-equity ratio of 2.93, which, according to historical trends, represents a significant increase from 1.22 in 2024Q2, signaling that the company's aggressive capital allocation strategy is increasingly funded by debt rather than internal cash generation.
The rising leverage profile suggests that Jabil's interest coverage ratio may become increasingly sensitive to interest rate fluctuations, potentially limiting the company's ability to fund future strategic initiatives. This elevated debt level appears to be a structural risk that could exacerbate volatility during cyclical downturns.
Investors frequently misapply the P/E ratio to Jabil, failing to account for the significant non-operating noise and pass-through revenue components that distort net income, which suggests that EV/EBITDA or FCF-based metrics provide a more accurate reflection of the company's underlying economic performance.
Because Jabil operates a high-volume, low-margin model with significant pass-through costs, headline earnings are often skewed by one-time divestiture gains or restructuring charges. Relying on P/E ratios obscures the true cash-generating capability of the core manufacturing operations and may lead to an inaccurate assessment of valuation.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying JBL stock.
Jabil Inc.'s current P/E ratio is 54.2x. The historical average is 33.0x. This places it at the 82th percentile of its historical range.
Jabil Inc.'s current EV/EBITDA is 19.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.8x.
Jabil Inc.'s return on equity (ROE) is 40.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 15.3%.
Based on historical data, Jabil Inc. is trading at a P/E of 54.2x. This is at the 82th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Jabil Inc.'s current dividend yield is 0.10% with a payout ratio of 5.5%.
Jabil Inc. has 8.9% gross margin and 4.0% operating margin.
Jabil Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.