---
title: Jacobs Solutions (J) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/j
ticker: J
as_of: 2026-10-17
sector: Industrials
industry: Engineering & Construction
---
# Jacobs Solutions (J)

Jacobs Solutions (J) closed at $141.08 on Oct 16, 2026, overvalued by 37% vs its model value of $103.03 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $141.08 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $103.03 |
| Price vs model | overvalued by 37% vs model |
| Range of that model | $65.00 – $262.86 |
| Market value | $16.5B |
| P/E (fiscal 2025) | 59.3 |
| Net margin (fiscal 2025) | 2.4% |
| Free cash flow (fiscal 2025) | $607.5M |
| Dividend yield (trailing twelve months) | 0.99% |
| Beta | 0.70 |
| Cost of capital (WACC) | 7.86% |
| Business classification | Mature & Stable (Revenue declining (~-14% recent), Thin margins (2.4% net margin), Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.99% |
| Dividends per share, last 12 months | $1.40 |
| Dividends / free cash flow (fiscal 2025) | 25.2% |
| Raised | 7 years in a row |
| Growth over 5 years | 13.2% a year |
| Latest payment | $0.36, ex-date Aug 21, 2026, paid Sep 18, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Jul 29, 2021 | $0.75 |
| To Jul 28, 2022 | $0.87 |
| To Jul 27, 2023 | $1.01 |
| To Jul 26, 2024 | $1.04 |
| To Aug 22, 2025 | $1.25 |
| Trailing twelve months (to Aug 21, 2026) | $1.40 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $103.03 | $65.00 | $262.86 |
| DCF · Perpetuity growth · 10y | cross check | $109.39 | $70.80 | $269.16 |
| DCF · EBITDA exit · 5y | cross check | $110.37 | $78.71 | $147.66 |
| DCF · EBITDA exit · 10y | cross check | $115.60 | $81.44 | $161.14 |
| P/E · peers | cross check | $176.54 | $175.67 | $251.26 |
| P/E · own history | cross check | $109.29 | $99.45 | $174.67 |
| PEG | sanity check | $181.38 | $181.38 | $181.38 |
| EV/EBITDA · peers | cross check | $139.95 | $137.27 | $153.51 |
| EV/Revenue · peers | cross check | $137.09 | $126.57 | $271.38 |
| Earnings power value | cross check | $34.79 | $27.90 | $44.93 |
| Dividend discount | cross check | $34.46 | $22.92 | $60.32 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($2.5M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 7, 2026 | Hill Patrick | PRESIDENT | Open-market sell | 11,701 | $1.7M |
| Aug 7, 2026 | Hill Patrick | PRESIDENT | Open-market sell | 5,500 | $797,500 |
| Jul 8, 2026 | Miller Shannon | President | Tax withholding | 52 | $6,744.4 |
| Jun 8, 2026 | Kachhela Jiten | President | Grant / award | 8,337 | $1.0M |
| Jun 3, 2026 | Nathamuni Venkatesh | Chief Financial Officer | Tax withholding | 1,803 | $218,667.8 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 23, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/52988/000162828026063217/j-20260810.htm |
| Aug 14, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/52988/000119312526352551/d151187d8k.htm |
| Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/52988/000162828026052573/jec-20260626.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/52988/000162828026052563/j-20260804.htm |
| May 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/52988/000162828026030528/jec-20260327.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 12,878 | $1.6M |
| Ruane Cunniff | 2026-06-30 | 6,244 | $786,744 |
| Soros | 2026-06-30 | 2,082 | $262,332 |

3 tracked managers in all.

## About

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. It also offers consulting services for consumer and manufacturing, defense and security, energy and utilities, financial services, government, health and life sciences, and transport sectors. The company was founded in 1947 and is headquartered in Dallas, Texas.

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Source: https://sweetvaluelab.com/stocks/j (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.