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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 $144.88 per share. The share price was $316.74 on September 25, 2026, 119% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.17B
Average free cash flow, last 5 years
$669.6M
Cash
$1.36B
balance sheet of May 31, 2026
Debt
$3.38B
balance sheet of May 31, 2026
Diluted shares, fiscal 2025
110,900,000
Revenue growth per year, last 5 years
1.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-3.0%-0.5%2.0%10.0%$83.18-74%
Base2.0%2.5%2.5%9.0%$144.88-54%
Bull7.0%5.0%3.0%8.0%$260.09-18%

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%$188.16$201.22$217.17$237.12$262.76
8.0%$155.98$164.45$174.46$186.46$201.14
9.0%$132.41$138.20$144.88$152.67$161.88
10.0%$114.41$118.52$123.19$128.52$134.67
11.0%$100.21$103.23$106.60$110.39$114.69

Where the presets come from

Base: years 1 to 5 grow at Jabil Inc's revenue growth rate over the last 5 fiscal years (1.8% 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