Correction, 18 September 2026: an earlier version of this post described March 18 as the end of the quarter. It is the date the results were reported.
What changed
$JBL reported results on March 18, 2026. EPS came in at $2.69, up from $1.06 in the same period a year earlier — a year-over-year increase of 153.8%. Revenue grew 23.1% over the same stretch. Both figures represent the strongest headline numbers Jabil has posted in recent memory.
The ACCE score currently sits at 68 out of 100. The score breakdown tells a specific story: Momentum leads at 97, Growth follows at 88, Quality lands at 49, and Value trails at 38. That spread signals a company running hot on execution and market enthusiasm, while the valuation component reflects the premium the market has already priced in.
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The trailing P/E stands at 52.1, while the forward P/E drops to 27.7 — a meaningful compression that suggests the market expects earnings to keep climbing. ROE is 59.7%, a notably high figure for a contract manufacturer operating on a net margin of 2.5%. That combination points to a capital-light model generating strong returns relative to equity on thin per-dollar profitability. FCF yield comes in at 2.9%, and earnings quality is flagged as strong.
The 6-model fair value estimate is $298.12, which sits 22.1% below the current price of $382.57. The stock has returned 111.6% over the past year, so much of the good news is already reflected in the share price.
What it means
The EPS acceleration from $1.06 to $2.69 is the headline number here. A 153.8% year-over-year move is not a rounding error — it reflects a genuine shift in earnings power, backed by a 23.1% revenue expansion that shows the top line is pulling the bottom line higher, not just cost cuts doing the work.
The gap between the trailing and forward P/E ratios matters. At 52.1 trailing, the stock looks expensive in isolation. At 27.7 forward, the market is betting that the current earnings trajectory holds. The Growth score of 88 supports that view. The Value score of 38 is the counterweight — the stock is not cheap by any conventional measure, and the 6-model fair value estimate reinforces that.
We do not have guidance commentary from this report, so we cannot speak to what management expects for the periods ahead. The analyst consensus target of $358.89 sits below the current price of $382.57, which adds another data point to the valuation picture.
For current pricing and updated metrics, see acceinvestments.com/stocks/JBL.
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