Ferrovial N. V (FER) is overvalued and Jacobs Solutions Inc (J) is overvalued.
Both trade above our estimate of their intrinsic value. FER is the closer of the two: -256%, against -306% for J.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $15.80; the price of $56.30 is 256% above that value, and 81% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $35.25; the price of $143.12 is 306% above that value, and 78% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | FER | J |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $56.30 | $143.12 |
| Intrinsic value | $15.80 | $35.25 |
| Margin of safety | -256% | -306% |
| Leak Score | 14/100 (3/12) | 14/100 (3/12) |
| Market cap | $40.8B | $16.8B |
| Revenue growth, 5 years | 7.8% | -2.3% |
| Operating margin | 10.4% | 4.9% |
| Net margin | 6.2% | 2.4% |
| Return on equity | 10.3% | 10.1% |
| Debt to equity | 1.86 | 1.24 |
| P/E | 57.6x | 50.2x |
| Forward P/E | 43.7x | 17.3x |
| P/B | 6.2x | 5.1x |
| Dividend yield | 2.0% | 0.9% |