A Business at a Glance
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Jefferies Financial Group Inc.
JEF
$12.5B
Mkt Cap
$55.86
+0.50%
Jefferies Financial Group Inc. (JEF) has a current P/E ratio of 19.7, compared to its historical median P/E of 11.3. The stock is currently considered Fair based on its historical valuation range.
Jefferies Financial Group Inc. (JEF) has a 5-year average return on invested capital (ROIC) of 4.0%. This is below average and may indicate limited pricing power.
Jefferies Financial Group Inc. (JEF) has a market capitalization of $12.5B. It is classified as a large-cap stock.
Yes, Jefferies Financial Group Inc. (JEF) pays a dividend with a trailing twelve-month yield of 3.00%. The company also returns capital through share buybacks, with a buyback yield of 1.42%.
Based on historical P/E analysis, Jefferies Financial Group Inc. (JEF) appears fair. The current P/E of 19.7 is 75% above its historical median of 11.3. The estimated fair value CAGR (P/E method) is -5.9%.
Jefferies Financial Group Inc. (JEF) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
Jefferies Financial Group Inc. is a U.S.-headquartered global investment banking and capital markets firm founded in 1962, with regional headquarters in London and Hong Kong. The company operates through two primary segments: Investment Banking and Capital Markets, which provides underwriting, financial advisory, and capital markets services across equities and fixed income products to public companies, private companies, institutional investors, and government entities across the Americas, Europe and the Middle East, and Asia-Pacific; and Asset Management, which offers alternative investment management services globally through directly owned and affiliated asset managers, supplemented by investments in public securities, private companies, and consolidated subsidiaries in real estate development, online foreign exchange trading, and telecommunications. The Investment Banking and Capital Markets segment is organized into industry coverage groups spanning Consumer, Energy and Power, Financial Institutions, Financial Sponsors, Healthcare, Industrials, Municipal Finance, Real Estate Gaming and Lodging, and Technology Media and Telecom, with product groups in advisory (including mergers and acquisitions, debt advisory, restructuring, and private capital advisory), equity underwriting, and debt underwriting. The company's strategy emphasizes driving momentum in investment banking, delivering client value through capital markets sales and trading, and growing credit and alternative asset management platforms, supported by a flat and nimble operating structure and relentless client focus.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Investment banking | $4.37B | $2.81B | $2.17B | $3.30B | $3.79B | 34% |
Investment banking - Advisory | $1.87B | $1.78B | $1.20B | $1.81B | $2.15B | 19% |
Investment banking - Underwriting | $2.49B | $1.03B | $970M | $1.49B | $1.64B | 15% |
Commissions and other fees | $896M | $925M | $906M | $1.09B | $1.30B | 12% |
Equities | $882M | $910M | $895M | $1.07B | $1.29B | 12% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.2B | 10.8B | 10.5B | 7.4B | 7.1B | 8.9B |
| Net Income | 659M | 631M | 669M | 261M | 774M | 1.7B |
| EPS | $2.96 | $2.83 | $2.99 | $1.10 | $3.06 | $6.13 |
| Free Cash Flow | -790M | -1.7B | -391M | -1.9B | 1.6B | 1.4B |
| ROIC | 0.0% | 2.5% | 3.1% | 1.4% | 4.0% | 8.9% |
| Gross Margin | - | 77.6% | 79.3% | 77.2% | 69.8% | 37.4% |
| Debt/Equity | 1.80 | 1.67 | 1.38 | 1.10 | 0.91 | 0.89 |
| Dividends/Share | $1.68 | $1.60 | $1.30 | $1.20 | $1.20 | $0.90 |
| Operating Income | 0 | 871M | 1.0B | 354M | 1.1B | 2.3B |
| Operating Margin | 0.0% | 8.0% | 9.6% | 4.8% | 14.8% | 25.2% |
| ROE | 6.2% | 6.1% | 6.7% | 2.6% | 7.4% | 16.6% |
| Shares Outstanding | 223M | 223M | 224M | 237M | 253M | 270M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 12.3B | 11.7B | 10.9B | 5.0B | 5.0B | 5.4B | 6.9B | 8.9B | 7.1B | 7.4B | 10.5B | 10.8B | 11.2B |
| Gross Margin | 34.9% | 34.3% | 37.0% | 31.8% | 29.3% | 32.3% | 32.8% | 37.4% | 69.8% | 77.2% | 79.3% | 77.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 796M | 758M | 832M | 778M | 961M | 1.0B | 0 | 0 | 2.6B | 2.5B | 3.7B | 3.9B | 4.1B |
| EBIT | 381M | 33M | 44M | 618M | 136M | 130M | 118M | 2.3B | 1.1B | 354M | 1.0B | 871M | 0 |
| Op. Margin | 3.1% | 0.3% | 0.4% | 12.2% | 2.7% | 2.4% | 1.7% | 25.2% | 14.8% | 4.8% | 9.6% | 8.0% | 0.0% |
| Net Income | 200M | 275M | 125M | 610M | 1.0B | 954M | 765M | 1.7B | 774M | 261M | 669M | 631M | 659M |
| Net Margin | 1.6% | 2.4% | 1.2% | 12.1% | 20.3% | 17.8% | 11.1% | 18.5% | 10.8% | 3.5% | 6.4% | 5.8% | 5.9% |
| Non-Recurring | 111K | 0 | 0 | 0 | 200K | 5.5M | 20M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 1.1% | 1.5% | 0.7% | 3.4% | 5.7% | 5.4% | 4.3% | 8.9% | 4.0% | 1.4% | 3.1% | 2.5% | 0.0% |
| ROE | 2.0% | 2.7% | 1.2% | 6.0% | 10.1% | 9.7% | 8.1% | 16.6% | 7.4% | 2.6% | 6.7% | 6.1% | 6.2% |
| ROA | 0.4% | 0.6% | 0.3% | 1.3% | 2.2% | 2.0% | 1.5% | 3.0% | 1.4% | 0.5% | 1.1% | 0.9% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -987M | -762M | 609M | 788M | 691M | -828M | 2.1B | 1.6B | 1.8B | -1.9B | -140M | -1.5B | -567M |
| Free Cash Flow | -989M | -762M | 609M | 788M | 691M | -828M | 1.9B | 1.4B | 1.6B | -1.9B | -391M | -1.7B | -790M |
| Owner Earnings | -1.5B | -1.4B | 57M | 630M | 523M | -1.0B | 1.9B | 1.3B | 1.6B | -2.1B | -394M | -1.8B | -889M |
| CapEx | 2.2M | 0 | 0 | 0 | 0 | 0 | 177M | 166M | 224M | 1.2M | 251M | 207M | 223M |
| Maint. CapEx | 422M | 539M | 518M | 110M | 120M | 153M | 158M | 157M | 173M | 112M | 190M | 192M | 218M |
| Growth CapEx | 0 | N/A | N/A | N/A | N/A | N/A | 19M | 8.2M | 51M | 0 | 60M | 15M | 4.6M |
| D&A | 422M | 539M | 518M | 110M | 120M | 153M | 158M | 157M | 173M | 112M | 190M | 192M | 218M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 8.5% | 10.5% | 12.4% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 93M | 93M | 91M | 117M | 152M | 150M | 161M | 223M | 280M | 279M | 303M | 374M | 374M |
| Dividend Yield | 1.4% | 1.6% | 2.0% | 1.8% | 2.6% | 3.3% | 3.9% | 3.0% | 3.9% | 3.7% | 2.8% | 2.8% | 3.0% |
| Share Buybacks | 76M | 126M | 95M | 100M | 1.1B | 510M | 817M | 269M | 860M | 169M | 44M | 59M | 177M |
| Buyback Yield | 1.2% | 2.6% | 1.7% | N/A | 19.4% | 9.3% | 14.0% | 3.0% | 10.4% | 2.2% | 0.3% | 0.5% | 1.4% |
| Stock-Based Comp | 110M | 74M | 34M | 48M | 48M | 50M | 40M | 78M | 44M | 45M | 63M | 88M | 103M |
| Debt Repayment | 0 | 299M | 205M | 0 | 0 | 0 | 1.7B | 1.6B | 825M | 1.3B | 2.4B | 4.1B | 4.1B |
| Balance Sheet | |||||||||||||
| Net Debt | 3.7B | 4.1B | 4.1B | 3.0B | 1.3B | 1.2B | 62M | -1.4B | -401M | 2.2B | 1.8B | 3.6B | 7.2B |
| Cash & Equiv. | 4.3B | 3.6B | 3.8B | 5.3B | 5.3B | 7.7B | 9.1B | 10.8B | 9.7B | 8.5B | 12.2B | 14.0B | 12.0B |
| Long-Term Debt | 8.5B | 7.4B | 7.4B | 7.9B | 7.6B | 8.3B | 8.4B | 9.1B | 8.8B | 9.7B | 13.5B | 15.9B | 17.2B |
| Debt/Equity | 0.83 | 0.74 | 0.78 | 0.82 | 0.80 | 0.93 | 0.97 | 0.89 | 0.91 | 1.10 | 1.38 | 1.67 | 1.80 |
| Interest Coverage | 3.2 | 0.3 | 0.4 | 0.2 | 1.5 | 1.5 | 0.1 | 2.4 | 0.9 | 0.1 | 0.1 | 0.1 | 0.1 |
| Equity | 10.3B | 10.4B | 10.1B | 10.1B | 10.1B | 9.6B | 9.4B | 10.6B | 10.2B | 9.7B | 10.2B | 10.6B | 10.6B |
| Total Assets | 52.6B | 46.3B | 45.1B | 47.2B | 47.1B | 49.5B | 53.1B | 56.1B | 51.1B | 57.9B | 64.4B | 76.0B | 74.4B |
| Total Liabilities | 41.9B | 35.5B | 34.3B | 36.5B | 36.9B | 39.7B | 43.5B | 45.4B | 40.6B | 48.1B | 54.1B | 65.4B | 63.7B |
| Intangibles | 978M | 912M | 798M | 741M | 188M | 183M | 167M | 152M | 139M | 197M | 226M | 203M | 113M |
| Retained Earnings | 4.4B | 4.6B | 4.6B | 4.7B | 5.6B | 5.9B | 6.5B | 7.9B | 8.4B | 7.8B | 8.3B | 8.6B | 8.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.54 | 0.74 | 0.34 | 1.63 | 2.90 | 3.03 | 2.65 | 6.13 | 3.06 | 1.10 | 2.99 | 2.83 | 2.96 |
| Owner EPS | -4.11 | -3.70 | 0.15 | 1.68 | 1.49 | -3.27 | 6.43 | 4.98 | 6.28 | -8.82 | -1.76 | -7.97 | -3.98 |
| Book Value | 27.88 | 28.00 | 27.47 | 26.99 | 28.68 | 30.43 | 32.58 | 39.03 | 40.45 | 40.93 | 45.38 | 47.44 | 47.52 |
| Cash Flow/Share | -2.67 | -2.05 | 1.65 | 2.11 | 1.97 | -2.63 | 7.12 | 5.85 | 7.13 | -8.15 | -0.63 | -6.71 | 3.93 |
| Dividends/Share | 0.25 | 0.25 | 0.25 | 0.33 | 0.45 | 0.50 | 0.60 | 0.90 | 1.20 | 1.20 | 1.30 | 1.60 | 1.68 |
| Shares Out. | 369.5M | 371.5M | 368.7M | 374.4M | 350.8M | 314.9M | 288.6M | 270.4M | 253.0M | 237.2M | 223.8M | 222.9M | 223.3M |
| Valuation | |||||||||||||
| P/E Ratio | 30.4 | 17.3 | 45.2 | 12.0 | 5.7 | 5.7 | 7.6 | 5.4 | 10.6 | 29.7 | 25.5 | 20.2 | 18.9 |
| P/FCF | N/A | N/A | 8.9 | 8.9 | 8.1 | N/A | 3.0 | 6.3 | 5.2 | N/A | N/A | N/A | N/A |
| EV/EBIT | 21.2 | 270.4 | 222.0 | 2.1 | 52.8 | N/A | N/A | N/A | N/A | 0.3 | 0.8 | 0.3 | N/A |
| Price/Book | 0.6 | 0.5 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.8 | 0.8 | 0.8 | 1.7 | 1.2 | 1.2 |
| Price/Sales | 0.5 | 0.5 | 0.4 | 1.7 | 1.2 | 0.9 | 0.6 | 0.8 | 1.0 | 1.0 | 1.0 | 1.2 | 1.1 |
| FCF Yield | -16.3% | -16.0% | 10.7% | 10.8% | 11.9% | -15.0% | 32.1% | 15.9% | 19.2% | -24.8% | -2.3% | -13.4% | -6.3% |
| Market Cap | 6.1B | 4.8B | 5.7B | 7.3B | 5.8B | 5.5B | 5.9B | 8.9B | 8.2B | 7.8B | 17.1B | 12.7B | 12.5B |
| Avg. Price | 17.48 | 15.35 | 12.11 | 17.53 | 16.90 | 14.32 | 14.47 | 27.02 | 28.49 | 31.68 | 48.13 | 58.93 | 55.86 |
| Year-End Price | 15.69 | 12.27 | 14.69 | 18.67 | 15.88 | 16.63 | 19.27 | 32.80 | 32.47 | 32.64 | 76.24 | 57.13 | 55.86 |
Jefferies Financial Group Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Jefferies Financial Group Inc. trades at 19.7x trailing earnings, compared to its 15-year median P/E of 11.3x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.0% with a gross margin of 68.2%. Total shareholder yield (dividends + buybacks) is 4.4%. At current prices, the estimated annualized return to fair value is +16.9%.
Jefferies Financial Group Inc. (JEF) reported annual revenue of $10.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Jefferies Financial Group Inc. (JEF) has a net profit margin of 5.8%. This is a modest margin.
Jefferies Financial Group Inc. (JEF) generated $-1.7 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Jefferies Financial Group Inc. (JEF) has a debt-to-equity ratio of 1.67. This indicates higher leverage, which may increase financial risk.
Jefferies Financial Group Inc. (JEF) reported earnings per share (EPS) of $2.83 in its most recent fiscal year.
Jefferies Financial Group Inc. (JEF) has a return on equity (ROE) of 6.1%. This indicates moderate shareholder returns.
Jefferies Financial Group Inc. (JEF) has a 5-year average gross margin of 68.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Jefferies Financial Group Inc. (JEF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Jefferies Financial Group Inc. (JEF) has a book value per share of $47.44, based on its most recent annual SEC filing.