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DCF valuation

What is Jabil Inc worth?

With the base-case assumptions below, a discounted cash flow model on Jabil Inc's reported free cash flow gives $207.94 per share. The share price was $249.82 on November 10, 2026, 20% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$1.37B
Average free cash flow, last 5 years
$889.6M
Cash
$1.74B
balance sheet of August 31, 2026
Debt
$3.38B
balance sheet of August 31, 2026
Diluted shares, fiscal 2026
106,900,000
Revenue growth per year, last 5 years
4.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-1.0%0.5%2.0%10.0%$122.81-51%
Base4.0%3.5%2.5%9.0%$207.94-17%
Bull9.0%6.0%3.0%8.0%$366.90+47%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$268.46$286.83$309.28$337.34$373.42
8.0%$223.38$235.29$249.37$266.26$286.91
9.0%$190.40$198.54$207.94$218.90$231.86
10.0%$165.24$171.03$177.60$185.10$193.75
11.0%$145.43$149.67$154.42$159.76$165.81

Where the presets come from

Base: years 1 to 5 grow at Jabil Inc's revenue growth rate over the last 5 fiscal years (4.2% 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

Jabil Inc company page