Jack Henry & Associates, Inc. (JKHY) is a publicly traded company in the Technology — Information Technology Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
Is Jack Henry & Associates, Inc. stock overvalued or undervalued in 2026?
Jack Henry & Associates, Inc. (JKHY) trades at 23.1× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (33.8×) $235 (+46 %); at its sector median (32.0×) $223 (+38 %).
Kaplio overview: Jack Henry & Associates, Inc.
Market cap $11B · 52 weeks $123 – $193 (16 % below the high) · P/E 23.1× · 2027 expected P/E 21.9× · Dividend 1.5 % · 11 years rising · Next earnings November 3, 2026 · expected EPS $2.07 · Closing price, Oct 30 · accounts published Aug 18.
- Valuation: P/E 23.1× (cheap).
- Business: ROIC 19 % (solid).
- Balance sheet: Net debt/EBITDA 0.0× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (33.8×) $235 (+46 %); at its sector median (32.0×) $223 (+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.
What matters in technology: 6 of 7 pass
- 3y revenue growth 6.7 %, fails.
- Gross margin 43.1 %, passes.
- FCF / Revenue 27.8 %, passes.
- ROIC 18.8 %, passes.
- SBC / Revenue 1.3 %, passes.
- Net debt / EBITDA 0.0×, passes.
- EV/EBITDA vs own 5y 13.1×, passes.
Against its peers (reference peers) — Jack Henry & Associates, Inc.: P/E 23.1×; EV/EBITDA 13.2×; ROIC 18.8 %; $11.3B. Fidelity National Information Services, Inc. (P/E 5.9×; EV/EBITDA 9.3×; ROIC 4.6 %; $19.9B), Fiserv, Inc. (P/E 9.6×; EV/EBITDA 7.2×; ROIC 6.5 %; $26.6B), WEX Inc. (P/E 15.9×; EV/EBITDA 10.0×; ROIC 8.2 %; $6.3B).
Expensive or cheap against its last ten years?
P/E at each close: today 23.1× · median 33.8× · minimum 20.2× · maximum 55.2× · cheap below 30.9× · expensive above 41.8×. It has been cheaper than today only 2% of the time over its last ten years.
Dividend
solid · Yield 1.5 % ($2.37 per share in 2026) · Years raising it ≥ 11 · 5-year growth +5 % a year · Free cash flow coverage 3.6× · With $1,000 invested today you'd collect $14.90 a year ($1.24 a month).
Kaplio's reading: Jack Henry & Associates, Inc.
Updated on October 19, 2026 · accounts published on August 18, 2026
A highly profitable, almost debt-free business growing at a steady
Jack Henry & Associates trades at a P/E of 23.1, 31 % below its ten-year median of 33.8, a level seen only 2 % of the time in the last decade.
- Is Jack Henry & Associates expensive or cheap? Its P/E of 23.1 is 31 % below its ten-year median of 33.8 and 28 % below the sector median of 32.0.
- How is the business doing? Operating margin of 25 % over the last 12 months, in line with its 24 % average for fiscal 2015-2026.
- Does it grow with real cash or by diluting shareholders? Free cash flow was 28 % of revenue in fiscal 2026, while stock-based pay took just 1.3 % of revenue.
- How strong is the balance sheet? Net debt is $0.46 per share in fiscal 2026, just 0.3 % of the share price, and the dividend has risen 11 years in a row.
- What to expect from the next earnings? Results due November 3, 2026, with EPS of $2.06 expected; it has beaten estimates in 8 of the last 8 quarters.
Is Jack Henry & Associates expensive or cheap?
Over the last 12 months Jack Henry & Associates trades at a P/E of 23.1, against a ten-year median of 33.8 and a decade range of 20.2 to 55.2. It has traded at a lower P/E only 2 % of the time in the last decade. Its sector's median P/E is 32.0 across 314 companies, so the stock is also cheap next to its peers. EV/EBITDA of 13.2× sits below its five-year average of 16.7×, and the free cash flow yield is 5.4 %. The share price is up 1 % in 12 months and 16 % below its 52-week high of $192.60.
How is the business doing?
Revenue grew 5.1 % and EPS 11.9 % over the last 12 months, so earnings are rising faster than sales. The operating margin of 24.9 % is close to the 24.0 % average of fiscal 2015-2026, which shows the company has kept its profitability steady for more than a decade. ROIC of 18.8 % over the last 12 months is 10.6 points above the sector median of 8.2 %, and it has stayed above 10 % in each of the last 10 fiscal years. Net margin is 19.8 % and ROE 23.5 %. The weak spot is pace: revenue grows at a single-digit rate.
Does it grow with real cash or by diluting shareholders?
Generic metrics fall short in technology. What matters there is growth, pricing power and dilution from stock-based pay, because profits paid for with new shares end up costing existing owners. Jack Henry & Associates passes most of these tests. Free cash flow equals 27.8 % of revenue in fiscal 2026, above the healthy threshold of 20 %, and stock-based pay is 1.3 % of revenue, well under the 10 % mark. A gross margin of 43.1 % clears the 30 % bar for IT services, a sign of pricing power. The test it fails is growth: revenue per share rose 6.7 % a year over fiscal 2023-2026, short of the 15 % the sector treats as healthy.
How strong is the balance sheet?
Jack Henry & Associates carries almost no debt. Debt to equity is 0.02 over the last 12 months, and net debt to EBITDA was 0.0× in fiscal 2026, against a tolerance of 2.0× for IT services. The Altman Z-score of 8.6 sits in the safe zone and the Piotroski score is 7 of 9. The current ratio of 1.17 is adequate without being generous. The dividend yields 1.5 % and has grown for 11 consecutive fiscal years. In fiscal 2026 it took 34 % of earnings, which leaves room to keep raising it.
What to expect from the next earnings?
Jack Henry & Associates reports on November 3, 2026, and analysts expect EPS of $2.06 for the quarter. Its track record is clean: it has beaten EPS estimates in 8 of the last 8 quarters. The most recent beat came on August 18, 2026, with $1.57 against $1.47 expected, or 6.8 % above. The fiscal 2027 EPS consensus has stayed at $7.36 over the last 30 days among 13 analysts, and revenue estimates are also flat. Of 24 analysts, 13 recommend buying, 10 holding and none selling. With estimates this steady, the report will be judged on whether the streak of beats continues.
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 Jack Henry & Associates today?
The Buffett Method would wait for a better price for Jack Henry & Associates: it yields 4.2% before tax; it asks for 10%. Business quality: 94 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve Jack Henry & Associates today?
The Lynch Method would wait for a better price for Jack Henry & Associates: P/E 23.1 with 11% growth; it asks that the P/E not exceed growth. Business quality: 100 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 23.49% |
| Return on Invested Capital | 18.77% |
| Return on Assets | 15.98% |
| Gross Margin | 43.60% |
| Operating Margin | 24.91% |
| Net Margin | 19.85% |
Financial Health
| Debt / Equity | 0.02 |
| Current Ratio | 1.17 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 8.56 |
Price Performance
| 1 month | +13.19% |
| 3 months | +3.07% |
| Year-to-date | -11.58% |
| 1 year | +8.33% |
| 3 years | +13.68% |
| 5 years | +1.28% |
| 10 years | +101.00% |
Dividend History
Paid in the last 12 months: $2.4100 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-04 | $0.6100 |
| 2026-06-01 | $0.6100 |
| 2026-03-05 | $0.6100 |
| 2025-12-02 | $0.5800 |
| 2025-09-05 | $0.5800 |
| 2025-05-29 | $0.5800 |
| 2025-03-06 | $0.5800 |
| 2024-12-02 | $0.5500 |
| 2024-09-06 | $0.5500 |
| 2024-05-24 | $0.5500 |
Amounts adjusted for stock splits.
Related companies: FISV · ACIW · EEFT · FIS · GPN · WEX · PAY
Explore sector: Technology · Information Technology Services
More sections of JKHY: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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