NYSE: J · Engineering & Construction
Jacobs Solutions (J) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Jacobs Solutions (J) at $139.83 a share. The stock last closed at $147.54, which puts the model's fair value 5.2% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 5 Nov 2026. Jacobs Solutions Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $130.54 to $139.83 (+7.1%). The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move.
What the model makes of itThe price of $147.54 is 5.2% above it: Fairly valued, on a medium evidence grade.
What's nextReports on 19 Nov 2026. Options expiring after the report price a move of about 5% either way. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give J?
The calibrated range for J over 63 trading days is $132.31 to $168.66. It sits around the last close, and its width comes from the volatility that J's own options imply (37% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $112.34 to $170.78. In 34% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Jacobs Solutions Inc. engages in infrastructure and advanced facilities, and in consulting. Its businesses operate in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa.
Faircurve's model put the fair value of Jacobs Solutions at $139.83 a share on 31 Oct 2026. The previous run, on 24 Oct 2026, gave $130.54, so the fair value moved +7.1%. The model says the stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The calibrated range over 63 trading days is $144.47 to $181.67. Ranges built this way held the price 60% of the time at this horizon. The model's evidence grade is Medium. It weighs input completeness, the number and agreement of comparable companies, and the width of outcomes. It does not say whether the fair value is right.
The model gives Jacobs Solutions an overall quality score of 41 out of 100. Earnings quality stands out at 87, with free cash flow to net income of 1.93x against a peer median of 1.22x. Stability scores 84, with five-year EBITDA margin downside volatility of 0.9 points against a peer median of 1.1 points. Profitability is lowest at 9, with ROIC of 6.9% against a peer median of 15.3%. The comparable companies are APi Group, MasTec, EMCOR, Sterling Infrastructure, Tetra Tech, Ferrovial, Comfort Systems USA and Dycom Industries.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does J report earnings, and how has the stock reacted?
Jacobs Solutions's next earnings report is scheduled for 19 Nov 2026. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 5.5% in either direction through the nearest expiry, about 14 days out, a window that includes the report. That is the size the market is pricing, not a direction. J's 30 day implied volatility works out to about 10.6% over one month.
On 5 Nov 2026 J moved 7.9% in one session, against the 2.2% a day that options had priced: 3.6 times the implied size.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across J's last 8 reports, ignoring direction, was 4.9%.
Earlier reports are left out: the options record before 27 Sep 2024 is not comparable.
What the options market has priced for a month's move in J
How does J score on business quality?
Jacobs Solutions's overall quality score is 41 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 9 | 6.9%ROIC | 15.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 87 | 1.93xFCF / net income | 1.22x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 29 | 4.6%Revenue growth, trailing | 0.6% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 54 | 4.0%Net buybacks / market value | 4.8% |
| Balance sheetNet debt to EBITDA and interest coverage. | 18 | 3.19xNet debt / EBITDA | 2.63x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 84 | 0.9 ptsEBITDA margin downside volatility, 5y | 1.1 pts |
How does J compare with similar companies?
The companies in engineering & construction closest to Jacobs Solutions in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| APG APi Group Corporation | $40.33 | $40.68 | +0.9% | Fairly valued |
| MTZ MasTec, Inc. | $158.94 | $164.60 | +3.6% | Fairly valued |
| EME EMCOR Group, Inc. | $595.32 | $714.62 | +20.0% | Undervalued |
| STRL Sterling Infrastructure, Inc. | $244.34 | $379.93 | +55.5% | Undervalued |
| TTEK Tetra Tech, Inc. | $40.56 | $37.71 | -7.0% | Fairly valued |
| FER.MC Ferrovial N.V. | $51.60 | $43.31 | -16.1% | Overvalued |
| FIX Comfort Systems USA, Inc. | $964.94 | $1,230.77 | +27.5% | Undervalued |
| DY Dycom Industries, Inc. | $192.79 | $264.75 | +37.3% | Undervalued |
What the comparable companies' multiples alone would give for J, the peer-implied price, is $96.78 a share on this run. The fair value weighs that against the company's own multiple.
All engineering & construction stocks ranked by gap to fair value
Jacobs Solutions at a glance
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.
- Market value
- $18.1B
- Sector
- Industrials
- Industry
- Engineering & Construction
- Revenue expected, next twelve months
- $10.1B
- Consensus revenue growth, next fiscal year
- -20.6%
- Analysts with estimates
- 8
- Beta to the US market
- 0.69
- First valued by Faircurve
- 1 May 2026
At the close of 5 Nov 2026, 56.0% of the 1,065 graded US stocks the model covers traded below the model's fair value. J was not among them.
How the fair value is worked out: the model prices Jacobs Solutions on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for J was $130.54. As of 31 Oct 2026 it is $139.83, a change of +7.1%. The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Jacobs Solutions's valuation
Is Jacobs Solutions stock undervalued or overvalued?
On Faircurve's model, J reads as Fairly valued as of 31 Oct 2026. The model's fair value is $139.83 a share against a last close of $147.54, a gap of -5.2%.
What is J's fair value?
$139.83 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $112.34 to $170.78.
What price range does the model give J?
$132.31 to $168.66 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Jacobs Solutions report earnings next?
The next report is scheduled for 19 Nov 2026. Companies can move their dates.
How much has J moved on past earnings reports?
Across its last 8 reports the median two session move was 4.9%, ignoring direction. The largest was -11.2% around the report of 20 Nov 2025.
How confident is the model in this valuation?
The model's evidence grade for J is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on J
The model holds no idea open on J today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on J with their outcomes. A free account is enough.