Jefferies Financial Group Inc.
$45.69
−0.58 (−1.25%) · delayed · Nov 13, 2026
Five-year price
52w $35.53 to $66.60
- Market cap
- $10.2B
- Enterprise value
- $13.8B
- P/E
- 16.1×
- 19.8× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- −16.7%
- ROIC
- —
- Debt / equity
- 1.67
- Piotroski F
- 3/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE 7.9%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ○Earnings convert to cashFCF / net income -151% (5y avg)
- ●Growing revenueRevenue CAGR 5y 7.2%
- ●Shrinking share countDiluted shares -23.3% over 5y
Value
50
- ○P/E below 15P/E 16.1
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -16.7%
- ●Price below Graham NumberGraham Number $54.98
- ●P/B below 3P/B 1.0
Safety
0
- ○Debt / equity below 0.5D/E 1.67
- ○Debt payable in < 4 yrs of earningsNet debt $3.6B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 3/9
Graham Defensive
83
- ●Adequate size (revenue > $2B)Revenue $5.5B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 352%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 19.8
- ●P/E × P/B ≤ 22.5Product 19.1
Valuation lab
What do you have to believe?
Starting cash flow
Net debt $3.6B · 223M shares · 5y revenue CAGR 7.2%
Intrinsic value
$50.06
Price
$45.69
Margin of safety
9%
What the price implies
The market is paying for 6.1% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
59% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY15 | FY16 | FY17 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,684 | 3,848 | 5,049 | 2,790 | 3,923 | 6,142 | 4,743 | 3,233 | 4,858 | 5,546 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 357 | (13) | 607 | 479 | 1,067 | 2,254 | 1,056 | 354 | 1,006 | 871 |
| Income tax | 110 | 26 | 642 | (484) | 299 | 577 | 274 | 92 | 293 | 185 |
| Net income | 280 | 126 | 167 | 960 | 770 | 1,667 | 782 | 262 | 716 | 682 |
| EPS (diluted) | 0.74 | 0.34 | 0.45 | 3.03 | 2.65 | 6.13 | 3.06 | 1.10 | 2.99 | 2.83 |
| Diluted shares | 372 | 372 | 371 | 317 | 290 | 272 | 256 | 237 | 224 | 223 |
Who owns it