Jacobs Solutions Inc Dossier
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SectorIndustrials IndustryEngineering & Construction Beta (adjusted)0.79 Intrinsic Value $113.88median of 6 methods · middle span $69-$147based on filings through 26 Jun 2026 Market Price $139.79Price as of 1 Oct 2026 OvervaluedIntrinsic value is 19% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $16.4B Enterprise Value $18.8B Shares Outstanding 117.8M diluted Moat Rating Narrow Next Earnings Date19 Nov 2026 Last ex-dividend21 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Jacobs enters the final quarter of FY2026 with record backlog, a 1.4x trailing-twelve-month book-to-bill ratio, broad Infrastructure & Advanced Facilities growth and guidance raised for a third consecutive quarter. These indicators support continued growth and margin expansion, while the FY2029 framework offers additional upside through 6%-8% organic adjusted-net-revenue growth and a 16%+ adjusted EBITDA margin. At the issuer-reported market price of $151.98, however, a meaningful portion of this execution appears reflected in the shares. PA Consulting integration, elevated acquisition-related adjustments, project-award timing and exposure to client capital-spending or government-funding changes warrant a Hold rather than a more aggressive rating. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$144.00 Mean target$162.53 High · most bullish analyst$181.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $144.0018% Book-to-bill falls below 1.0x, project awards or client capital programs are delayed, adjusted EBITDA margin drops below FY2026 guidance and PA Consulting synergies lag. Under that combination, the FY2029 framework loses credibility and the shares de-rate from the issuer-displayed current price. Base CaseCentral scenario $162.5358% Matches the consensus meanJacobs delivers near the raised FY2026 guidance ranges and makes steady progress toward its FY2029 framework, but normalization from exceptionally strong bookings and integration demands limit multiple expansion. Bull CaseUpside scenario $181.0024% Sustained data-center, semiconductor, energy, transportation and water demand keeps book-to-bill materially above 1.0x; Jacobs meets or exceeds its FY2029 growth and margin targets, realizes at least $20 million of annual PA Consulting cost synergies and converts its record backlog without material execution losses. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |