Jabil Inc. (JBL) intrinsic value & 10-year financials
Jabil Inc. (JBL) has a Graham intrinsic value of $125.13 per share. At $278.25 on Oct 17, 2026, the stock trades 122% above that value. Over the last 10 fiscal years revenue grew 5.5% a year to $29.8B, with an average return on invested capital of 18.7%.
- Graham intrinsic value
- $125.13
- Share price (Oct 17, 2026)
- $278.25
- Price vs Graham value
- 122% above
- Market cap
- $30.9B
- Revenue (FY2025)
- $29.8B
- Revenue growth (10-yr CAGR)
- 5.5%
- ROIC (10-yr avg)
- 18.7%
- Free cash flow (FY2025)
- $1.2B
JBL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $29.8B | $657.0M | $5.92 | $1.2B | 4.0% | 29.2% |
| FY2024 | $28.9B | $1.4B | $11.17 | $932.0M | 7.0% | 43.4% |
| FY2023 | $34.7B | $818.0M | $6.02 | $704.0M | 4.4% | 22.4% |
| FY2022 | $33.5B | $996.0M | $6.90 | $266.0M | 4.2% | 26.6% |
| FY2021 | $29.3B | $696.0M | $4.58 | $274.0M | 3.6% | 20.5% |
| FY2020 | $27.3B | $53.9M | $0.35 | $274.2M | 1.8% | 7.3% |
| FY2019 | $25.3B | $287.1M | $1.81 | $187.6M | 2.8% | 14.0% |
| FY2018 | $22.1B | $86.3M | $0.49 | -$102.8M | 2.5% | 8.4% |
| FY2017 | $19.1B | $129.1M | $0.00 | $540.2M | 2.2% | 6.0% |
| FY2016 | $18.4B | $254.1M | $0.00 | -$8.0M | 2.8% | 9.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Jabil has demonstrated mature, steady growth, with revenue compounding at 5.5% annually over the past decade.
Jabil has earned high returns on invested capital, averaging 18.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Jabil shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Jabil is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $125.13 per share.