Is Jabil, Inc. overvalued or undervalued?

As of 4 September 2025, the valuation grade for Jabil, Inc. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued, with a P/E ratio of 63, a Price to Book Value of 30.31, and an EV to EBITDA of 20.88. In comparison, nVent Electric Plc, a peer in the same industry, has a P/E ratio of 52.51 and an EV to EBITDA of 22.46, suggesting that Jabil's valuation is considerably higher than that of its peers.
Despite the high valuation, Jabil has delivered impressive returns, outperforming the S&P 500 across multiple periods, including a 107.04% return over the past year compared to the S&P 500's 17.14%. This strong performance may reflect investor confidence, but the elevated valuation ratios indicate that the stock may not be a prudent investment at current levels.