Jacobs Solutions Inc. (J) is a publicly traded company in the Industrials — Engineering & Construction industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Jacobs Solutions Inc. engages in the infrastructure and advanced facilities, and consulting businesses in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. The company provides consulting, planning, architecture, design, engineering, and infrastructure delivery services including project, program, and construction management and long-term operation of facilities.
Is Jacobs Solutions Inc. stock overvalued or undervalued in 2026?
On the earnings the consensus expects for 2027 ($8.26 per share), Jacobs Solutions Inc. (J) trades at 18.7× earnings (P/E), below the median of the 298 industrials companies over $2bn in Kaplio's universe. The P/E on the last twelve months (54.3×) is based on earnings per share of $2.85, far from what is expected; that is why this range uses expected earnings. At the decade median (25.0×) $206 (+33 %); at its sector median (25.9×) $214 (+38 %).
Kaplio overview: Jacobs Solutions Inc.
Market cap $18B · 52 weeks $107 – $158 (1 % below the high) · P/E 54.3× · 2027 est. P/E 18.7× · Dividend 0.91 % · ≥ 8 years rising · Next earnings November 23, 2026 · expected EPS $2.12 · Closing price, Oct 30 · accounts published Aug 4.
- Valuation: P/E 54.3× (fairly priced).
- Business: ROIC 5 % (weak).
- Balance sheet: Net debt/EBITDA 1.6× (solid).
- Earnings: 7 of 8 (uneven).
What would it be worth at its usual multiples?
On those earnings: at the decade median (25.0×) $206 (+33 %); at its sector median (25.9×) $214 (+38 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Note: earnings per share over the last twelve months ($2.85) are far from the consensus for 2027 ($8.26); that is why this range uses expected earnings.
What matters in industrials: 4 of 9 pass
- 5y revenue growth −0.6 %, fails.
- Operating margin 7.2 %, fails.
- ROIC 5.2 %, fails.
- Capex / Revenue 0.7 %, fails.
- P/E vs own 10y history 54.3×, info.
- Cycle-adjusted EV/EBITDA 23.2×, fails.
- FCF conversion 209.3 %, passes.
- Net debt / EBITDA 1.6×, passes.
- Altman Z-Score 3.2, passes.
- Piotroski F-Score 7 of 9, passes.
Against its peers (reference peers) — Jacobs Solutions Inc.: P/E 54.2×; EV/EBITDA 23.2×; ROIC 5.2 %; $18.1B. Sterling Infrastructure, Inc. (P/E 19.4×; EV/EBITDA 11.8×; ROIC 31.3 %; $10.6B), Tetra Tech, Inc. (P/E 23.3×; EV/EBITDA 15.7×; ROIC 14.1 %; $9.9B), Aecom (P/E 29.1×; EV/EBITDA —; ROIC 8.5 %; $8.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 54.2× · median 25.0× · minimum 16.8× · maximum 61.2× · cheap below 22.1× · expensive above 43.5×. Earnings over the last 12 months are distorted: today's P/E compared with its history is not representative.
Dividend
solid · Yield 0.91 % ($1.27 per share in 2025) · Years raising it ≥ 8 · paying since 2017 · 5-year growth +11 % a year · Free cash flow coverage 5.6× · With $1,000 invested today you'd collect $9.10 a year ($0.76 a month).
Kaplio's reading: Jacobs Solutions Inc.
Updated on October 31, 2026 · accounts published on August 4, 2026
A thin-margin business whose cash generation runs well ahead of reported profit
Jacobs Solutions trades at a P/E of 54.3 over the last 12 months, 117 % above its ten-year median of 25.0, after EPS fell 62 %.
- Is Jacobs Solutions expensive or cheap? Its P/E of 54.3 is 117 % above its ten-year median of 25.0 and higher than in 96 % of the last decade.
- How is the business doing? The operating margin is 4.6 % over the last 12 months, well below the record 7.2 % of fiscal 2025.
- How strong is the balance sheet? Net debt was 1.6× EBITDA in fiscal 2025, and the dividend has risen for 8 straight years with a 53 % payout.
- What to expect from the next earnings? Analysts expect EPS of $2.12 when Jacobs Solutions reports on November 23, 2026, against $1.84 last quarter.
- Does it turn its margin into cash, and what cycle multiple does it trade at? Free cash flow was 209 % of net income in fiscal 2025, more than double the 85 % that industrials count as healthy.
Is Jacobs Solutions expensive or cheap?
Over the last 12 months Jacobs Solutions trades at a P/E of 54.3, 110 % above the median of 25.9 for its sector and close to the decade high of 61.3. A 62 % drop in EPS is what pushes the multiple up, so the price looks stretched mostly because reported profit shrank. Free cash flow tells a milder story: a 5.9 % free cash flow yield against a 2.9 % earnings yield. EV/EBITDA of 23.2× still sits above its seven-year average of 17.4×, and the shares are only 1 % below their 52-week high of $158.22.
How is the business doing?
Sales keep growing, up 4.6 % over the last 12 months, yet EPS fell 62 % over the same period. The operating margin of 4.6 % over the last 12 months is back at its 2014-2025 average of 4.7 %, after fiscal 2025 delivered 7.2 %, the best of those 12 years. Last year's peak has not held. Returns on capital are modest: ROIC of 5.2 % over the last 12 months is 3.9 points below the sector median of 9.1 %, and it has not cleared 10 % in any of the last ten fiscal years. ROE stands at 9.8 %.
How strong is the balance sheet?
Debt is manageable. Net debt of $13.49 per share in fiscal 2025 equals 8.7 % of the current share price, and at 1.6× EBITDA it sits well under the 3.0× that industrial companies treat as healthy. Debt to equity of 1.24 and a current ratio of 1.29 over the last 12 months leave a reasonable cushion. The Altman Z of 3.2 is in the safe zone above 2.99, and a Piotroski score of 7 of 9 points to solid fundamentals. The dividend yields only 0.9 %, but it has grown for 8 consecutive fiscal years and took 53 % of fiscal 2025 profit.
What to expect from the next earnings?
The track record is steady: Jacobs Solutions beat EPS estimates in 7 of the last 8 quarters, though the latest beat, on August 4, 2026, was narrow at $1.84 against $1.83 expected (+0.5 %). Expectations are stable, with the 2027 EPS consensus barely moving in the last 30 days, from $8.29 to $8.26 across 8 analysts, and revenue estimates also flat. Of 38 analysts covering the stock, 24 recommend buying, 14 holding and none selling. With a P/E of 54.3, the report will be judged on whether earnings start to close the gap with cash flow.
Does it turn its margin into cash, and what cycle multiple does it trade at?
Industrials are semi-cyclical, so a single year's profit can mislead; investors focus on the order backlog, the operating margin and how much profit becomes cash. Jacobs Solutions scores well on conversion: free cash flow equal to 209 % of fiscal 2025 net income, with capex of just 0.7 % of revenue, below the 4-8 % range typical of the sector. Margin is the weak point: 7.2 % in fiscal 2025 against a healthy level of 12 %, and ROIC of 5.2 % over the last 12 months against 15 %. Across the cycle, EV/EBITDA of 23.2× is a third above its seven-year average of 17.4×.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Buffett approve Jacobs Solutions today?
The Buffett Method would not approve Jacobs Solutions today: it fails its quality rules. Business quality: 60 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve Jacobs Solutions today?
The Lynch Method approves Jacobs Solutions today. Business quality: 100 out of 100 (price not included). Lynch classifies it as a turnaround. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 9.81% |
| Return on Invested Capital | 5.19% |
| Return on Assets | 2.85% |
| Gross Margin | 22.07% |
| Operating Margin | 4.57% |
| Net Margin | 2.35% |
Financial Health
| Debt / Equity | 1.24 |
| Current Ratio | 1.29 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 3.24 |
Price Performance
| 1 month | +11.99% |
| 3 months | +8.37% |
| Year-to-date | +16.73% |
| 1 year | -0.76% |
| 3 years | +39.54% |
| 5 years | +32.44% |
| 10 years | +279.53% |
Dividend History
Paid in the last 12 months: $1.4000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-21 | $0.3600 |
| 2026-05-22 | $0.3600 |
| 2026-02-20 | $0.3600 |
| 2025-12-02 | $0.3200 |
| 2025-08-22 | $0.3200 |
| 2025-05-23 | $0.3200 |
| 2025-02-21 | $0.3200 |
| 2024-10-25 | $0.2900 |
| 2024-07-26 | $0.2900 |
| 2024-05-23 | $0.2900 |
Amounts adjusted for stock splits.
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Explore sector: Industrials · Engineering & Construction
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