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J.B. Hunt Transport Services, Inc. — Intrinsic Value & Fair Price

JBHT
NASDAQIndustrialsIntegrated Freight & LogisticsCIK 0000728535jbhunt.comAbout JBHT
Last close · Oct 16, 2026228.78−6.53 (−2.78%)
Market cap$21.5B
Model value · DCF · Perpetuity growth · 5y
67.43
J.B. Hunt closed at $228.78 — overvalued by 239% vs model.
45.11the model's range121.50

DCF · Perpetuity growth · 5y leads for a cyclical company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
21.44 – 201.32
Wall St. target
287.00 20% below
Above model, 1y
8 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
0.78%
Past 2 years
low 0.60%high 1.39%
Dividends per share, a year at a time
$1.15Aug ’21$1.50Aug ’22$1.66Aug ’23$1.71Aug ’24$1.75Aug ’25$1.79TTM
Dividends / free cash flow, FY2025
18.1%
Raised
21 years in a row
Growth, 5 yrs
9.3% a year
Last change
+2.3% · Feb 2026
Every payment, with ex-dates · latest $0.45, paid Aug 21, 2026

Research on JBHT

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How it is valued

Valued asCyclical
Revenue declining (~-3% recent)Thin margins (5.0% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for cyclical companies
P/E
37.4×
EV / EBITDA
14.5×
FCF yield
4.2%
Dividend yield, TTM
0.78%
Beta
1.31
Cost of capital (WACC)
9.69%
Full financials

Analyst actions

third-party, quoted
10-16UBS · target273.00
10-16Morgan Stanley · target195.00
10-16Stephens · target325.00
09-17Citizens · “Market Outperform” from “Market Perform”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
3 more companies list JBHT as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just JBHT. No account.

About J.B. Hunt

Operating across North America, J.B. Hunt Transport Services, Inc. specializes in ground transportation, last-mile delivery, and comprehensive logistics solutions. Its operations are structured into five distinct divisions: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The Intermodal (JBI) division facilitates freight movement using multiple transport modes. This segment boasts a substantial asset base, including 104,973 company-owned trailers, a self-maintained fleet of 85,649 chassis, 5,612 company-owned tractors, 582 independent contractor vehicles, and a workforce of 6,943 company drivers. Dedicated Contract Services (DCS) focuses on engineering, implementing, and managing bespoke supply chain strategies for diverse transportation requirements. As of December 31, 2021, its fleet comprised 11,139 company-owned trucks, 544 client-owned trucks, and 6 contractor trucks, complemented by 21,069 company-owned trailers and 7,753 customer-owned trailers. Integrated Capacity Solutions (ICS) delivers comprehensive freight brokerage and logistics services. Offerings span specialized transport options such as flatbed, temperature-controlled, expedited, and less-than-truckload (LTL) shipping, alongside standard dry-van and intermodal modalities. This segment also features an online platform connecting various transportation options and offers outsourcing solutions for clients' logistics needs. Final Mile Services (FMS) handles last-stage delivery operations. This is supported by 1,272 company-owned trucks, 272 customer-supplied trucks, 19 independent contractor trucks, 1,036 company-owned trailers, and 185 client-owned trailers. The Truckload (JBT) segment specializes in over-the-road dry-van freight transport, deploying 734 company-owned tractors and 11,172 company-owned trailers. Across its segments, the company facilitates the movement of a diverse array of goods, including consumer products (e.g., general merchandise, specialty items, appliances, food and beverages, soaps and cosmetics, electronics), industrial materials (e.g., forest and paper products, building materials, automotive parts), agricultural products, and chemicals. Established in 1961, the corporation maintains its headquarters in Lowell, Arkansas.

CEO
Shelley Simpson
Headquarters
Lowell, AR
Employees
31,750
IPO
1983-11-22
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.