Jefferies Financial Group Inc. (JEF) Key Metrics
JEF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $10.29B
- Enterprise value
- $22.99B
- P/E (TTM)
- 11.9 10-yr median 20.9
- Forward P/E
- 10.3
- PEG ratio
- 1.03
- Price / sales
- 1.2 10-yr median 1.2
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- 4.8 10-yr median 6.0
- Dividend yield
- 2.94% $1.60 a year
- Beta
- 1.54
JEF key metrics, FY2016–FY2025
Fiscal year ended November 30, 2025 · U.S. dollarsJEF valuation Price multiples at each fiscal year-end price.
JEF returns How much profit the business earns on the capital it uses.
JEF per-share figures Results divided by the shares outstanding at year-end.
JEF financial health Debt, liquidity and how easily interest is covered.
JEF efficiency & capital use Working capital cycle and where the cash goes.
JEF valuation history
JEF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JEF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JEF cash returned to shareholders
JEF price vs earnings per share
JEF key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.82B | $17.70B | $8.39B | $9.28B | $9.75B | $6.31B | $6.33B | $6.87B | $8.73B | $7.32B |
| Enterprise value | $22.53B | $25.91B | $15.95B | $11.05B | $21.41B | $17.09B | $1.35B | $2.80B | $6.48B | $5.75B |
| P/E ratio | 18.0 | 23.8 | 30.2 | 11.8 | 5.8 | 8.1 | 6.6 | 43.3 | 50.8 | 56.3 |
| Price / sales | 1.2 | 1.7 | 1.1 | 1.3 | 1.1 | 0.9 | 1.2 | 2.2 | 1.7 | 1.9 |
| Price / book | 1.2 | 1.7 | 0.9 | 0.9 | 0.9 | 0.7 | 0.6 | 0.1 | 0.9 | 0.7 |
| Price / free cash flow | — | — | — | 5.9 | 6.9 | 3.3 | — | — | 13.1 | 23.2 |
| Price / operating cash flow | — | — | — | 5.1 | 6.2 | 3.0 | — | — | 11.1 | 12.8 |
| EV / sales | 2.1 | 2.5 | 2.1 | 1.5 | 2.4 | 2.5 | 0.3 | 0.9 | 1.3 | 1.5 |
| EV / EBITDA | 21.0 | 5.5 | 5.0 | 4.6 | 6.4 | 7.9 | 0.6 | 21.3 | 3.9 | 6.6 |
| EV / free cash flow | — | — | — | 7.0 | 15.2 | 9.0 | — | — | 9.7 | 18.2 |
| Earnings yield | 5.5% | 4.2% | 3.3% | 8.5% | 17.2% | 12.3% | 15.2% | 2.3% | 2.0% | 1.8% |
| Free cash flow yield | −13.3% | −2.6% | −23.1% | 17.0% | 14.4% | 30.1% | −16.7% | −5.9% | 7.6% | 4.3% |
| Dividend yield | 2.9% | 1.7% | 3.3% | 3.0% | 2.3% | 2.5% | 2.4% | 2.2% | 1.3% | 1.2% |
| Shareholder yield (dividends + buybacks) | 3.4% | 2.0% | 5.3% | 12.3% | 5.0% | 15.5% | 10.4% | 18.7% | 2.5% | 2.5% |
| Share price at fiscal year-end | $57.56 | $79.14 | $35.44 | $36.32 | $35.93 | $21.73 | $19.98 | $19.56 | $23.55 | $19.71 |
| Per share | ||||||||||
| Revenue per share | $48.60 | $47.02 | $31.45 | $27.97 | $32.95 | $23.95 | $16.90 | $9.06 | $13.62 | $10.36 |
| Earnings per share | $3.19 | $3.32 | $1.17 | $3.07 | $6.17 | $2.67 | $3.04 | $0.45 | $0.46 | $0.35 |
| Operating cash flow per share | −$6.73 | −$0.94 | −$8.17 | $7.06 | $5.79 | $7.15 | −$2.61 | −$0.24 | $2.13 | $1.54 |
| Free cash flow per share | −$7.66 | −$2.06 | −$8.18 | $6.18 | $5.18 | $6.54 | −$3.34 | −$1.16 | $1.79 | $0.85 |
| Cash per share | $63.06 | $54.34 | $36.03 | $37.97 | $39.61 | $31.17 | $77.51 | $14.97 | $59.55 | $51.39 |
| Book value per share | $47.48 | $45.41 | $41.04 | $40.80 | $39.52 | $32.80 | $30.76 | $134.17 | $27.26 | $27.60 |
| Tangible book value per share | $38.32 | $36.23 | $32.39 | $33.46 | $32.53 | $26.22 | $24.70 | $128.79 | $20.62 | $20.83 |
| Dividends per share | $1.68 | $1.35 | $1.18 | $1.10 | $0.82 | $0.55 | $0.47 | $0.43 | $0.32 | $0.25 |
| Capex per share | $0.93 | $1.12 | $0.00 | $0.88 | $0.61 | $0.61 | $0.73 | $1.01 | $0.33 | $0.69 |
| Debt per share | $106.67 | $91.05 | $68.01 | $44.87 | $82.53 | $68.26 | $61.78 | $3.37 | $53.48 | $47.15 |
| Shares outstanding | 222.7M | 223.7M | 236.6M | 255.6M | 271.5M | 290.5M | 317.0M | 351.3M | 370.7M | 371.5M |
| Change in shares outstanding | −0.4% | −5.5% | −7.4% | −5.9% | −6.5% | −8.4% | −9.7% | −5.2% | −0.2% | −0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.9% | 7.5% | 2.8% | 7.4% | 16.5% | 8.0% | 3.4% | 0.6% | 1.7% | 1.2% |
| Return on invested capital (ROIC) | 2.8% | 18.7% | 16.6% | 11.2% | 12.3% | 12.0% | 7.3% | 1.4% | 10.0% | 3.5% |
| Return on assets (ROA) | 1.0% | 1.2% | 0.5% | 1.4% | 2.9% | 1.5% | 2.0% | 0.3% | 0.4% | 0.3% |
| Return on tangible assets | 1.0% | 1.2% | 0.5% | 1.6% | 2.9% | 1.5% | 2.0% | 0.4% | 0.4% | 0.3% |
| Free cash flow margin | −15.8% | −4.4% | −26.0% | 22.1% | 15.7% | 27.3% | −19.8% | −12.8% | 13.2% | 8.2% |
| Income quality (OCF / net income) | −2.11 | −0.28 | −6.96 | 2.30 | 0.94 | 2.68 | −0.86 | −0.52 | 4.59 | 4.40 |
| Financial health | ||||||||||
| Total debt | $23.76B | $20.36B | $16.09B | $11.47B | $22.41B | $19.83B | $19.59B | $1.18B | $19.83B | $17.52B |
| Cash & short-term investments | $14.04B | $12.15B | $8.53B | $9.70B | $10.76B | $9.06B | $24.57B | $5.26B | $22.07B | $19.09B |
| Net debt | $9.71B | $8.21B | $7.57B | $1.76B | $11.65B | $10.77B | −$4.99B | −$4.08B | −$2.25B | −$1.58B |
| Debt / equity | 2.25 | 2.00 | 1.66 | 1.10 | 2.09 | 2.08 | 2.01 | 0.03 | 1.96 | 1.71 |
| Debt / assets | 0.31 | 0.32 | 0.28 | 0.22 | 0.37 | 0.37 | 0.40 | 0.03 | 0.42 | 0.39 |
| Net debt / EBITDA | 9.05 | 1.75 | 2.36 | 0.73 | 3.50 | 4.96 | −2.38 | −31.05 | −1.37 | −1.81 |
| Current ratio | 2.43 | 3.38 | 2.81 | 3.04 | 0.96 | 0.92 | 1.22 | 0.19 | 1.22 | 1.15 |
| Quick ratio | 2.43 | 3.38 | −0.01 | 3.04 | 0.17 | 0.91 | 0.38 | 0.18 | 0.40 | 1.14 |
| Interest coverage | 0.2 | 1.4 | 1.2 | 2.2 | 3.8 | 2.2 | 1.2 | 12.2 | 1.7 | 0.8 |
| Working capital | $25.49B | $27.89B | $22.45B | $19.04B | −$925.1M | −$1.51B | $6.00B | −$22.53B | $5.42B | $3.55B |
| Invested capital | $20.29B | $18.37B | $17.28B | $12.19B | $22.38B | $20.30B | $4.76B | $43.06B | $7.86B | $8.68B |
| Tangible asset value | $8.60B | $8.17B | $7.76B | $8.55B | $8.83B | $7.67B | $7.83B | $44.93B | $8.10B | $8.25B |
| Net current asset value | −$22.11B | −$14.53B | −$13.25B | −$12.28B | −$28.32B | −$25.57B | −$6.94B | $4.95B | −$6.46B | −$7.68B |
| Graham number | $58.38 | $58.28 | $32.92 | $53.11 | $74.05 | $44.38 | $45.89 | $36.94 | $16.86 | $14.74 |
| Graham net-net per share | −$196.60 | −$163.53 | −$74.36 | −$110.49 | −$84.71 | −$101.06 | $5.50 | $29.31 | $3.11 | −$27.31 |
| Capital allocation | ||||||||||
| Dividends paid | $374.1M | $303.0M | $278.6M | $280.1M | $222.8M | $160.9M | $149.6M | $151.8M | $117.4M | $91.3M |
| Share buybacks (net) | $58.5M | $44.3M | $169.4M | $859.6M | $269.4M | $816.9M | $509.9M | $1.13B | $100.5M | $95.0M |
| Dividend payout ratio | 52.7% | 40.8% | 100.3% | 35.7% | 13.3% | 20.8% | 15.5% | 95.6% | 68.4% | 70.2% |
| Dividends + buybacks / free cash flow | — | — | — | 72.1% | 35.0% | 51.5% | — | — | 32.8% | 59.0% |
| Capex / revenue | 1.9% | 2.4% | 0.0% | 3.1% | 1.9% | 2.5% | 4.3% | 11.2% | 2.4% | 6.7% |
| Capex / operating cash flow | — | — | — | 12.4% | 10.5% | 8.5% | — | — | 15.6% | 44.8% |
| Capex / depreciation | 1.03 | 1.27 | 0.01 | 1.18 | 1.10 | 1.24 | 1.79 | 2.71 | 1.90 | 3.58 |
| Stock-based compensation / revenue | 0.8% | 0.6% | 0.6% | 0.6% | 0.9% | 0.6% | 0.9% | 1.7% | 1.0% | 0.9% |
| R&D / revenue | — | — | 2.4% | 2.1% | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 35.7% | 9.1% | 11.4% | 13.2% | 7.9% | 3.6% | 18.8% | 22.3% | 59.1% | 21.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 291.1 | 228.5 | 234.0 | 336.2 | 330.8 | 368.1 | 489.1 | 828.4 | 507.4 | 575.7 |
| Days of inventory on hand | — | — | 4,361.4 | — | 748.6 | 1,153.1 | 1,702.5 | 1,932.2 | 1,488.1 | 47.7 |
| Days payables outstanding | 833.4 | 656.3 | 865.7 | 790.0 | 792.9 | 933.2 | 613.4 | 686.2 | 1,058.3 | 1,154.9 |
| Cash conversion cycle (days) | -542.3 | -427.8 | 3,729.7 | -453.8 | 286.5 | 587.9 | 1,578.1 | 2,074.3 | 937.2 | -531.5 |
| Receivables turnover | 1.25 | 1.60 | 1.56 | 1.09 | 1.10 | 0.99 | 0.75 | 0.44 | 0.72 | 0.63 |
| Payables turnover | 0.44 | 0.56 | 0.42 | 0.46 | 0.46 | 0.39 | 0.60 | 0.53 | 0.34 | 0.32 |
| Inventory turnover | — | — | 0.08 | — | 0.49 | 0.32 | 0.21 | 0.19 | 0.25 | 7.65 |
| Asset turnover | 0.15 | 0.17 | 0.14 | 0.13 | 0.16 | 0.14 | 0.11 | 0.07 | 0.11 | 0.08 |
| Average receivables | $8.63B | $6.58B | $4.77B | $6.59B | $8.11B | $7.01B | $7.18B | $7.22B | $7.02B | $6.07B |
| Average payables | $9.97B | $7.73B | $6.95B | $7.31B | $9.40B | $9.28B | $4.13B | $3.62B | $7.27B | $7.24B |
| Average inventory | — | — | $35.03B | — | $8.88B | $11.47B | $11.45B | $10.19B | $10.22B | $299.0M |
| Intangibles / total assets | 2.7% | 3.2% | 3.5% | 3.7% | 3.1% | 3.6% | 3.9% | 4.0% | 5.2% | 5.6% |
Computed from JEF's annual financial statements (latest annual report filed January 28, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
JEF valuation and financial ratios
At the end of fiscal 2025 (November 30, 2025), Jefferies Financial traded at 18.0 times earnings, against a 10-year median of 20.9. Based on the latest twelve months, the trailing P/E is 11.9 and the forward P/E is 10.3. Jefferies Financial earned a return on equity of 6.9% and a return on invested capital of 2.8% in fiscal 2025. It ended the year with $23.8 billion of debt and $14.0 billion in cash and short-term investments, net debt of $9.7 billion. It returned $432.6 million to shareholders: $374.1 million in dividends and $58.5 million in share buybacks. The share count fell 40.1% from 371.5M to 222.7M over 9 years.
See the JEF income statement, the JEF chart for price history, or the JEF stock overview for the latest quote and news.
JEF key metrics FAQ
What is Jefferies Financial's P/E ratio?
Jefferies Financial's trailing P/E ratio is 11.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.3. At the end of fiscal 2025 it was 18.0, compared with a 10-year median of 20.9.
What is Jefferies Financial's EV/EBITDA?
Jefferies Financial's enterprise value was 21.0 times EBITDA at the end of fiscal 2025 (enterprise value $22.5 billion, EBITDA $1.1 billion); the current EV/EBITDA is 4.8.
What is Jefferies Financial's return on equity?
Jefferies Financial's return on equity (ROE) was 6.9% in fiscal 2025: net income of $710.5 million on average shareholders' equity of $10.4 billion.
What is Jefferies Financial's ROIC?
Jefferies Financial's return on invested capital was 2.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Jefferies Financial have?
Jefferies Financial had total debt of $23.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.25 and $9.7 billion of net debt (9.05 times EBITDA).
What is Jefferies Financial's dividend yield?
Jefferies Financial's forward dividend yield is 2.94%. Jefferies Financial paid $374.1 million in dividends in fiscal 2025 ($1.68 per share), a payout ratio of 52.7%.
Does Jefferies Financial buy back its shares?
Yes. Jefferies Financial spent $58.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 222.7M..
What is Jefferies Financial's free cash flow yield?
Jefferies Financial generated -$1.7 billion of free cash flow in fiscal 2025, a free cash flow yield of −13.3% on its market value at year-end ($12.8 billion).
What is Jefferies Financial's current ratio?
Jefferies Financial's current ratio was 2.43 at the end of fiscal 2025: current assets were 2.43 times current liabilities.