What is Jacobs Solutions Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Jacobs Solutions Inc.'s reported free cash flow gives $38.65 per share. The share price was $138.37 on September 25, 2026, 258% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -7.5% | 10.0% | $17.06 | -88% |
| Base | -2.5% | 9.0% | $38.65 | -72% |
| Bull | 2.5% | 8.0% | $80.64 | -42% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $53.29 | $57.63 | $62.94 | $69.57 | $78.10 |
| 8.0% | $42.46 | $45.28 | $48.61 | $52.60 | $57.48 |
| 9.0% | $34.51 | $36.43 | $38.65 | $41.24 | $44.31 |
| 10.0% | $28.41 | $29.77 | $31.33 | $33.10 | $35.14 |
| 11.0% | $23.58 | $24.58 | $25.70 | $26.96 | $28.39 |
Where the presets come from
Base: years 1 to 5 grow at Jacobs Solutions Inc.'s revenue growth rate over the last 5 fiscal years (-2.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions