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JEF vs GS vs MS vs EVR vs PJT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
JEF
Jefferies Financial Group Inc.

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$10.62B
5Y Perf.+267.6%
GS
The Goldman Sachs Group, Inc.

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$287.62B
5Y Perf.+371.2%
MS
Morgan Stanley

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$302.59B
5Y Perf.+330.3%
EVR
Evercore Inc.

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$13.11B
5Y Perf.+500.7%
PJT
PJT Partners Inc.

Financial - Capital Markets

Financial ServicesNYSE • US
Market Cap$3.70B
5Y Perf.+180.1%

JEF vs GS vs MS vs EVR vs PJT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
JEF logoJEF
GS logoGS
MS logoMS
EVR logoEVR
PJT logoPJT
IndustryFinancial - Capital MarketsFinancial - Capital MarketsFinancial - Capital MarketsFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$10.62B$287.62B$302.59B$13.11B$3.70B
Revenue (TTM)$10.82B$126.85B$103.14B$3.88B$1.71B
Net Income (TTM)$819M$16.67B$16.18B$592M$187M
Gross Margin59.7%41.1%55.6%99.4%32.4%
Operating Margin6.3%14.5%17.1%20.5%21.2%
Forward P/E14.7x15.6x16.0x17.5x20.5x
Total Debt$1.77B$616.93B$360.49B$1.16B$414M
Cash & Equiv.$14.04B$182.09B$75.74B$1.47B$539M

JEF vs GS vs MS vs EVR vs PJTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

JEF
GS
MS
EVR
PJT
StockMay 20May 26Return
Jefferies Financial… (JEF)100367.6+267.6%
The Goldman Sachs G… (GS)100471.2+371.2%
Morgan Stanley (MS)100430.3+330.3%
Evercore Inc. (EVR)100600.7+500.7%
PJT Partners Inc. (PJT)100280.1+180.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: JEF vs GS vs MS vs EVR vs PJT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: PJT leads in 3 of 7 categories (5-stock set), making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Jefferies Financial Group Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. GS and EVR also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
JEF
Jefferies Financial Group Inc.
The Banking Pick

JEF is the #2 pick in this set and the best alternative if value and dividends is your priority.

  • Lower P/E (14.7x vs 17.5x)
  • 3.3% yield, 9-year raise streak, vs GS's 1.5%
Best for: value and dividends
GS
The Goldman Sachs Group, Inc.
The Banking Pick

GS ranks third and is worth considering specifically for valuation efficiency.

  • PEG 1.12 vs JEF's 11.15
  • +70.6% vs PJT's +8.3%
Best for: valuation efficiency
MS
Morgan Stanley
The Banking Pick

MS is the clearest fit if your priority is income & stability and long-term compounding.

  • Dividend streak 11 yrs, beta 1.37, yield 2.0%
  • 7.3% 10Y total return vs EVR's 6.1%
Best for: income & stability and long-term compounding
EVR
Evercore Inc.
The Banking Pick

EVR is the clearest fit if your priority is growth exposure.

  • Rev growth 29.5%, EPS growth 54.7%
  • 29.5% NII/revenue growth vs JEF's 2.9%
Best for: growth exposure
PJT
PJT Partners Inc.
The Banking Pick

PJT carries the broadest edge in this set and is the clearest fit for sleep-well-at-night and defensive.

  • Lower volatility, beta 1.10, Low D/E 41.0%, current ratio 27.67x
  • Beta 1.10, yield 0.6%, current ratio 27.67x
  • NIM 1.7% vs GS's 0.5%
  • Efficiency ratio 0.1% vs EVR's 0.8% (lower = leaner)
Best for: sleep-well-at-night and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthEVR logoEVR29.5% NII/revenue growth vs JEF's 2.9%
ValueJEF logoJEFLower P/E (14.7x vs 17.5x)
Quality / MarginsPJT logoPJTEfficiency ratio 0.1% vs EVR's 0.8% (lower = leaner)
Stability / SafetyPJT logoPJTBeta 1.10 vs JEF's 1.97
DividendsJEF logoJEF3.3% yield, 9-year raise streak, vs GS's 1.5%
Momentum (1Y)GS logoGS+70.6% vs PJT's +8.3%
Efficiency (ROA)PJT logoPJTEfficiency ratio 0.1% vs EVR's 0.8%

JEF vs GS vs MS vs EVR vs PJT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

JEFJefferies Financial Group Inc.
FY 2025
Investment Banking
34.3%$3.8B
Interest Revenue
30.7%$3.4B
Principal Transactions Revenue
14.5%$1.6B
Commissions And Other Fees
11.9%$1.3B
Product and Service, Other
5.0%$558M
Other Sources Of Revenue, Miscellaneous
1.6%$173M
Asset Management
1.2%$131M
Other (1)
0.9%$95M
GSThe Goldman Sachs Group, Inc.
FY 2024
Global Markets
65.3%$34.9B
Investment Management
30.2%$16.1B
Platform Solutions
4.5%$2.4B
MSMorgan Stanley
FY 2024
Wealth Management Segment
45.6%$28.4B
Institutional Securities Segment
45.0%$28.1B
Investment Management Segment
9.4%$5.9B
EVREvercore Inc.
FY 2025
Investment Banking and Equities
97.7%$3.8B
Investment Management
2.3%$88M
PJTPJT Partners Inc.
FY 2025
Advisory Fees
87.6%$1.5B
Placement Fees
10.6%$182M
Interest Income and Other
1.9%$32M

JEF vs GS vs MS vs EVR vs PJT — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLJEFLAGGINGMS

Income & Cash Flow (Last 12 Months)

EVR leads this category, winning 3 of 5 comparable metrics.

GS is the larger business by revenue, generating $126.9B annually — 74.0x PJT's $1.7B. EVR is the more profitable business, keeping 15.3% of every revenue dollar as net income compared to JEF's 6.6%.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
RevenueTrailing 12 months$10.8B$126.9B$103.1B$3.9B$1.7B
EBITDAEarnings before interest/tax$24M$23.4B$26.3B$804M$412M
Net IncomeAfter-tax profit$819M$16.7B$16.2B$592M$187M
Free Cash FlowCash after capex$911M$15.8B-$6.7B$1.2B$614M
Gross MarginGross profit ÷ Revenue+59.7%+41.1%+55.6%+99.4%+32.4%
Operating MarginEBIT ÷ Revenue+6.3%+14.5%+17.1%+20.5%+21.2%
Net MarginNet income ÷ Revenue+6.6%+11.3%+13.0%+15.3%+10.5%
FCF MarginFCF ÷ Revenue+3.1%-12.1%-2.0%+30.5%+28.0%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-8.6%+45.8%+48.9%+44.2%+11.1%
EVR leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

JEF leads this category, winning 5 of 7 comparable metrics.

At 18.2x trailing earnings, JEF trades at a 24% valuation discount to MS's 23.9x P/E. Adjusting for growth (PEG ratio), GS offers better value at 1.63x vs JEF's 13.75x — a lower PEG means you pay less per unit of expected earnings growth.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
Market CapShares × price$10.6B$287.6B$302.6B$13.1B$3.7B
Enterprise ValueMkt cap + debt − cash-$1.7B$722.5B$587.3B$12.8B$3.6B
Trailing P/EPrice ÷ TTM EPS18.19x22.84x23.92x23.56x22.93x
Forward P/EPrice ÷ next-FY EPS est.14.75x15.64x16.01x17.50x20.52x
PEG RatioP/E ÷ EPS growth rate13.75x1.63x2.69x2.08x2.63x
EV / EBITDAEnterprise value multiple-1.89x34.75x25.81x15.91x9.08x
Price / SalesMarket cap ÷ Revenue0.98x2.27x2.93x3.38x2.16x
Price / BookPrice ÷ Book value/share1.08x2.53x2.91x6.33x4.34x
Price / FCFMarket cap ÷ FCF31.88x11.09x7.71x
JEF leads this category, winning 5 of 7 comparable metrics.

Profitability & Efficiency

PJT leads this category, winning 4 of 9 comparable metrics.

EVR delivers a 29.3% return on equity — every $100 of shareholder capital generates $29 in annual profit, vs $8 for JEF. JEF carries lower financial leverage with a 0.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to GS's 5.06x. On the Piotroski fundamental quality scale (0–9), PJT scores 7/9 vs GS's 4/9, reflecting strong financial health.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
ROE (TTM)Return on equity+7.7%+12.6%+14.6%+29.3%+20.1%
ROA (TTM)Return on assets+1.1%+0.9%+1.2%+14.1%+11.1%
ROICReturn on invested capital+2.4%+1.9%+2.9%+18.8%+20.3%
ROCEReturn on capital employed+1.1%+3.6%+3.8%+17.6%+21.2%
Piotroski ScoreFundamental quality 0–964567
Debt / EquityFinancial leverage0.17x5.06x3.42x0.50x0.41x
Net DebtTotal debt minus cash-$12.3B$434.8B$284.7B-$311M-$125M
Cash & Equiv.Liquid assets$14.0B$182.1B$75.7B$1.5B$539M
Total DebtShort + long-term debt$1.8B$616.9B$360.5B$1.2B$414M
Interest CoverageEBIT ÷ Interest expense0.05x0.31x0.44x32.72x
PJT leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — GS and MS and EVR each lead in 2 of 6 comparable metrics.

A $10,000 investment in GS five years ago would be worth $26,440 today (with dividends reinvested), compared to $17,863 for JEF. Over the past 12 months, GS leads with a +70.6% total return vs PJT's +8.3%. The 3-year compound annual growth rate (CAGR) favors EVR at 46.8% vs JEF's 22.6% — a key indicator of consistent wealth creation.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
YTD ReturnYear-to-date-18.3%+1.8%+5.7%-5.5%-9.5%
1-Year ReturnPast 12 months+8.9%+70.6%+63.0%+60.9%+8.3%
3-Year ReturnCumulative with dividends+84.2%+195.2%+138.4%+216.3%+152.7%
5-Year ReturnCumulative with dividends+78.6%+164.4%+136.2%+136.2%+122.3%
10-Year ReturnCumulative with dividends+300.2%+534.3%+732.3%+613.3%+600.7%
CAGR (3Y)Annualised 3-year return+22.6%+43.5%+33.6%+46.8%+36.2%
Evenly matched — GS and MS and EVR each lead in 2 of 6 comparable metrics.

Risk & Volatility

Evenly matched — MS and PJT each lead in 1 of 2 comparable metrics.

PJT is the less volatile stock with a 1.10 beta — it tends to amplify market swings less than JEF's 1.97 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MS currently trades 97.6% from its 52-week high vs JEF's 72.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
Beta (5Y)Sensitivity to S&P 5001.97x1.47x1.37x1.90x1.10x
52-Week HighHighest price in past year$71.04$984.70$194.83$388.71$195.62
52-Week LowLowest price in past year$35.53$547.74$118.20$206.63$127.73
% of 52W HighCurrent price vs 52-week peak+72.5%+94.0%+97.6%+85.2%+78.3%
RSI (14)Momentum oscillator 0–10070.959.566.053.051.2
Avg Volume (50D)Average daily shares traded2.8M2.0M5.4M622K364K
Evenly matched — MS and PJT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — JEF and GS each lead in 1 of 2 comparable metrics.

Analyst consensus: JEF as "Buy", GS as "Hold", MS as "Buy", EVR as "Buy", PJT as "Hold". Consensus price targets imply 31.6% upside for JEF (target: $68) vs 3.6% for PJT (target: $159). For income investors, JEF offers the higher dividend yield at 3.26% vs PJT's 0.56%.

MetricJEF logoJEFJefferies Financi…GS logoGSThe Goldman Sachs…MS logoMSMorgan StanleyEVR logoEVREvercore Inc.PJT logoPJTPJT Partners Inc.
Analyst RatingConsensus buy/hold/sellBuyHoldBuyBuyHold
Price TargetConsensus 12-month target$67.75$995.89$205.75$382.67$158.67
# AnalystsCovering analysts955522112
Dividend YieldAnnual dividend ÷ price+3.3%+1.5%+2.0%+1.0%+0.6%
Dividend StreakConsecutive years of raises9121101
Dividend / ShareAnnual DPS$1.68$13.48$3.81$3.25$0.86
Buyback YieldShare repurchases ÷ mkt cap+0.6%+3.5%+1.4%+5.0%+5.3%
Evenly matched — JEF and GS each lead in 1 of 2 comparable metrics.
Key Takeaway

EVR leads in 1 of 6 categories (Income & Cash Flow). JEF leads in 1 (Valuation Metrics). 3 tied.

Best OverallJefferies Financial Group I… (JEF)Leads 1 of 6 categories
Loading custom metrics...

JEF vs GS vs MS vs EVR vs PJT: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is JEF or GS or MS or EVR or PJT a better buy right now?

For growth investors, Evercore Inc.

(EVR) is the stronger pick with 29. 5% revenue growth year-over-year, versus 2. 9% for Jefferies Financial Group Inc. (JEF). Jefferies Financial Group Inc. (JEF) offers the better valuation at 18. 2x trailing P/E (14. 7x forward), making it the more compelling value choice. Analysts rate Jefferies Financial Group Inc. (JEF) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — JEF or GS or MS or EVR or PJT?

On trailing P/E, Jefferies Financial Group Inc.

(JEF) is the cheapest at 18. 2x versus Morgan Stanley at 23. 9x. On forward P/E, Jefferies Financial Group Inc. is actually cheaper at 14. 7x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The Goldman Sachs Group, Inc. wins at 1. 12x versus Jefferies Financial Group Inc. 's 11. 15x — a reasonable growth-adjusted valuation.

03

Which is the better long-term investment — JEF or GS or MS or EVR or PJT?

Over the past 5 years, The Goldman Sachs Group, Inc.

(GS) delivered a total return of +164. 4%, compared to +78. 6% for Jefferies Financial Group Inc. (JEF). Over 10 years, the gap is even starker: MS returned +732. 3% versus JEF's +300. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — JEF or GS or MS or EVR or PJT?

By beta (market sensitivity over 5 years), PJT Partners Inc.

(PJT) is the lower-risk stock at 1. 10β versus Jefferies Financial Group Inc. 's 1. 97β — meaning JEF is approximately 80% more volatile than PJT relative to the S&P 500. On balance sheet safety, Jefferies Financial Group Inc. (JEF) carries a lower debt/equity ratio of 17% versus 5% for The Goldman Sachs Group, Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — JEF or GS or MS or EVR or PJT?

By revenue growth (latest reported year), Evercore Inc.

(EVR) is pulling ahead at 29. 5% versus 2. 9% for Jefferies Financial Group Inc. (JEF). On earnings-per-share growth, the picture is similar: The Goldman Sachs Group, Inc. grew EPS 77. 3% year-over-year, compared to -5. 4% for Jefferies Financial Group Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — JEF or GS or MS or EVR or PJT?

Evercore Inc.

(EVR) is the more profitable company, earning 15. 3% net margin versus 6. 6% for Jefferies Financial Group Inc. — meaning it keeps 15. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PJT leads at 21. 2% versus 6. 3% for JEF. At the gross margin level — before operating expenses — EVR leads at 99. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is JEF or GS or MS or EVR or PJT more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, The Goldman Sachs Group, Inc. (GS) is the more undervalued stock at a PEG of 1. 12x versus Jefferies Financial Group Inc. 's 11. 15x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Jefferies Financial Group Inc. (JEF) trades at 14. 7x forward P/E versus 20. 5x for PJT Partners Inc. — 5. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for JEF: 31. 6% to $67. 75.

08

Which pays a better dividend — JEF or GS or MS or EVR or PJT?

All stocks in this comparison pay dividends.

Jefferies Financial Group Inc. (JEF) offers the highest yield at 3. 3%, versus 0. 6% for PJT Partners Inc. (PJT).

09

Is JEF or GS or MS or EVR or PJT better for a retirement portfolio?

For long-horizon retirement investors, PJT Partners Inc.

(PJT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 10), 0. 6% yield, +600. 7% 10Y return). Jefferies Financial Group Inc. (JEF) carries a higher beta of 1. 97 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PJT: +600. 7%, JEF: +300. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between JEF and GS and MS and EVR and PJT?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: JEF is a mid-cap income-oriented stock; GS is a large-cap high-growth stock; MS is a large-cap high-growth stock; EVR is a mid-cap high-growth stock; PJT is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Net Margin > 6%
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Beat Both

Find stocks that outperform JEF and GS and MS and EVR and PJT on the metrics below

Revenue Growth>
%
(JEF: 2.9% · GS: 17.0%)
Net Margin>
%
(JEF: 6.6% · GS: 11.3%)
P/E Ratio<
x
(JEF: 18.2x · GS: 22.8x)

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