Fabrinet (FN) is undervalued and Jabil Inc (JBL) is overvalued.
Against our estimates of intrinsic value, FN trades at the wider discount: a margin of safety of +65%, against -60% for JBL.
Values as of the 22 Sept 2026 close.
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $1164.03; the price of $403.80 is 65% below that value.
Leak Score 100/100 on 2 of 12 signals
Discounting its cash flows at 10.6% (average of 3 methods) values the shares at $192.57; the price of $308.98 is 60% above that value, and 70% of that value comes from beyond year five.
Leak Score 57/100 on 10 of 12 signals
| Metric | FN | JBL |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $403.80 | $308.98 |
| Intrinsic value | $1164.03 | $192.57 |
| Margin of safety | +65% | -60% |
| Leak Score | 100/100 (2/12) | 57/100 (10/12) |
| Market cap | $14.5B | $32.4B |
| Revenue growth, 5 years | 19.8% | 1.8% |
| Operating margin | 10.1% | 5.0% |
| Net margin | 10.2% | 2.6% |
| Return on equity | 21.3% | 66.1% |
| Debt to equity | 0.00 | 2.94 |
| P/E | 31.0x | 38.6x |
| Forward P/E | 18.6x | 18.4x |
| P/B | 5.9x | 24.5x |
| Dividend yield | — | 0.1% |