Jefferies Financial Group Inc. (JEF) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↑
26.97
↑+213% vs avg
5yr avg: 8.63
30Y Low2.8·High63.0
P/FCF
↓
N/A
—
5yr avg: 6.38
30Y Low3.3·High32.9
P/B Ratio
↑
1.31
+17% vs avg
5yr avg: 1.12
30Y Low0.1·High1.9
ROE
↓
6.8%
-17% vs avg
5yr avg: 8.2%
30Y Low-61%·High55%
Debt/EBITDA
↑
27.04
↑+208% vs avg
5yr avg: 8.78
30Y Low1.1·High36.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JEF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Jefferies Financial Group Inc. trades at 22.2x earnings, 15% above its 5-year average of 19.3x, sitting at the 54th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 63%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.0B | $12.8B | $17.7B | $8.4B | $9.3B | $9.7B | $6.3B | $6.3B | $6.9B | $8.8B | $7.7B |
| Enterprise Value | $23.7B | $22.5B | $25.9B | $16.0B | $13.3B | $10.4B | $17.1B | $16.6B | $2.1B | $23.3B | $21.4B |
| P/E Ratio → | 22.19 | 20.34 | 26.47 | 32.22 | 11.86 | 5.86 | 8.20 | 6.59 | 37.58 | 52.64 | 61.18 |
| P/S Ratio | 1.29 | 1.18 | 1.68 | 1.13 | 1.30 | 1.09 | 0.91 | 1.18 | — | 1.74 | 2.01 |
| P/B Ratio | 1.31 | 1.20 | 1.73 | 0.86 | 0.90 | 0.91 | 0.66 | 0.65 | 0.15 | 0.83 | 0.72 |
| P/FCF | — | — | — | — | 5.87 | 6.88 | 3.32 | — | — | 13.20 | 24.47 |
| P/OCF | — | — | — | — | 5.14 | 6.16 | 3.04 | — | — | 11.14 | 13.50 |
P/E links to full P/E history page with 30-year chart
JEF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Jefferies Financial Group Inc.'s enterprise value stands at 27.0x EBITDA, 213% above its 5-year average of 8.6x. The Financial Services sector median is 11.4x, placing the stock at a 136% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.08 | 2.46 | 2.14 | 1.86 | 1.16 | 2.46 | 3.09 | — | 4.62 | 5.57 |
| EV / EBITDA | 26.97 | 25.64 | 5.28 | 4.66 | 4.75 | 2.83 | 7.61 | 8.75 | — | 13.23 | 28.11 |
| EV / EBIT | 34.53 | 25.87 | 5.78 | 5.15 | 5.97 | 3.27 | 8.49 | 8.52 | — | 14.79 | 26.79 |
| EV / FCF | — | — | — | — | 8.41 | 7.35 | 9.00 | — | — | 35.07 | 67.89 |
JEF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Jefferies Financial Group Inc. earns an operating margin of 6.3%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 44.5% to 6.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.8% is modest, trailing the sector median of 9.0%. ROIC of 1.6% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.7% | 59.7% | 59.1% | 60.6% | 52.8% | 51.6% | 47.8% | 54.2% | — | 50.3% | 40.5% |
| Operating Margin | 6.3% | 6.3% | 44.8% | 44.5% | 36.6% | 39.4% | 30.0% | 32.5% | — | 32.7% | 16.8% |
| Net Profit Margin | 6.6% | 6.6% | 7.1% | 3.7% | 11.0% | 18.7% | 11.1% | 18.0% | — | 3.4% | 3.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.8% | 6.8% | 7.4% | 2.8% | 7.5% | 16.5% | 8.0% | 3.4% | — | 1.6% | 1.2% |
| ROA | 1.0% | 1.0% | 1.2% | 0.5% | 1.5% | 3.1% | 1.5% | 2.0% | — | 0.4% | 0.3% |
| ROIC | 1.6% | 1.6% | 12.5% | 9.9% | 8.5% | 10.2% | 5.5% | 3.4% | — | 4.2% | 1.6% |
| ROCE | 1.2% | 1.2% | 9.6% | 7.6% | 6.1% | 9.1% | 6.2% | 6.6% | — | 7.4% | 2.9% |
JEF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Jefferies Financial Group Inc. carries a Debt/EBITDA ratio of 27.0x, which is highly leveraged (534% above the sector average of 4.3x). Net debt stands at $9.7B ($23.8B total debt minus $14.0B cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.23 | 2.23 | 1.99 | 1.64 | 1.33 | 1.06 | 2.07 | 1.84 | 0.03 | 1.88 | 1.63 |
| Debt / EBITDA | 27.04 | 27.04 | 4.15 | 4.70 | 4.90 | 3.10 | 8.83 | 9.46 | — | 11.24 | 22.97 |
| Net Debt / Equity | — | 0.91 | 0.80 | 0.77 | 0.39 | 0.06 | 1.12 | 1.05 | -0.10 | 1.38 | 1.27 |
| Net Debt / EBITDA | 11.05 | 11.05 | 1.67 | 2.21 | 1.43 | 0.18 | 4.80 | 5.40 | — | 8.25 | 17.98 |
| Debt / FCF | — | — | — | — | 2.54 | 0.47 | 5.67 | — | — | 21.87 | 43.42 |
| Interest Coverage | 0.25 | 0.25 | 1.29 | 1.13 | 1.90 | 3.42 | 2.13 | 1.33 | — | 1.62 | 0.98 |
JEF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Jefferies Financial Group Inc.'s current ratio of 2.43x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.81x to 2.43x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.43 | 2.43 | 3.38 | 2.81 | 3.32 | 2.57 | 0.92 | 0.98 | 0.19 | 1.22 | 1.15 |
| Quick Ratio | 2.43 | 2.43 | 3.38 | 2.81 | 3.32 | 2.57 | 0.92 | 0.98 | 0.19 | 1.22 | 1.15 |
| Cash Ratio | 0.79 | 0.79 | 1.04 | 0.69 | 1.04 | 0.90 | 0.47 | 0.47 | 0.21 | 0.21 | 0.16 |
| Asset Turnover | — | 0.14 | 0.16 | 0.13 | 0.14 | 0.16 | 0.13 | 0.11 | — | 0.11 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
JEF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Jefferies Financial Group Inc. returns 3.1% to shareholders annually — split between a 2.7% dividend yield and 0.4% buyback yield. A payout ratio of 52.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 52.7% | 52.7% | 40.8% | 100.3% | 35.7% | 13.3% | 20.8% | 15.5% | — | 68.4% | 70.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 4.9% | 3.8% | 3.1% | 8.4% | 17.1% | 12.2% | 15.2% | 2.7% | 1.9% | 1.6% |
| FCF Yield | — | — | — | — | 17.0% | 14.5% | 30.1% | — | — | 7.6% | 4.1% |
| Buyback Yield | 0.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 3.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $223M | $224M | $237M | $256M | $272M | $290M | $317M | $351M | $371M | $372M |
Peer Comparison
Compare JEF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 JEFYou | $14B | 22.2 | 27.0 | — | 59.7% | 6.3% | 6.8% | 1.6% | 27.0 |
 GS | $351B | 21.6 | 33.1 | — | 47.5% | 17.5% | 13.9% | 2.2% | 25.4 |
 MS | $362B | 22.3 | 27.3 | 7.9 | 57.1% | 19.1% | 15.5% | 3.1% | 17.9 |
 EVR | $15B | 26.6 | 18.0 | 12.5 | 99.4% | 20.5% | 27.8% | 18.8% | 1.4 |
 PJT | $4B | 23.1 | 9.2 | 7.8 | 32.4% | 21.2% | 18.9% | 20.3% | 1.1 |
 LAZ | $4B | 20.1 | 11.5 | 8.1 | 31.8% | 13.0% | 27.0% | 9.5% | 5.7 |
 HLI | $10B | 24.2 | 17.1 | 12.2 | 38.5% | 21.0% | 19.9% | 15.5% | 0.8 |
 MC | $5B | 22.8 | 16.4 | 9.1 | 99.2% | 18.1% | 40.2% | 24.9% | 0.9 |
 RJF | $31B | 15.2 | 5.1 | 13.7 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
 SF | $11B | 12.6 | 12.1 | 9.5 | 86.6% | 13.8% | 11.7% | 7.9% | 2.3 |
 PIPR | $6B | 20.6 | 12.4 | 8.4 | 93.6% | 20.2% | 18.8% | 18.0% | 0.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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JEF — Frequently Asked Questions
Quick answers to the most common questions about buying JEF stock.
What is Jefferies Financial Group Inc.'s P/E ratio?
Jefferies Financial Group Inc.'s current P/E ratio is 22.2x. The historical average is 27.2x. This places it at the 54th percentile of its historical range.
What is Jefferies Financial Group Inc.'s EV/EBITDA?
Jefferies Financial Group Inc.'s current EV/EBITDA is 27.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.4x.
What is Jefferies Financial Group Inc.'s ROE?
Jefferies Financial Group Inc.'s return on equity (ROE) is 6.8%. The historical average is 7.9%.
Is JEF stock overvalued?
Based on historical data, Jefferies Financial Group Inc. is trading at a P/E of 22.2x. This is at the 54th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Jefferies Financial Group Inc.'s dividend yield?
Jefferies Financial Group Inc.'s current dividend yield is 2.67% with a payout ratio of 52.7%.
What are Jefferies Financial Group Inc.'s profit margins?
Jefferies Financial Group Inc. has 59.7% gross margin and 6.3% operating margin.
How much debt does Jefferies Financial Group Inc. have?
Jefferies Financial Group Inc.'s Debt/EBITDA ratio is 27.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.