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Jefferies Financial Group Inc. (JEF) stock analysis

JEFNYSESecurity Brokers, Dealers & Flotation CompaniesFiscal year ends November 30
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 9, 2026Score 12/3056% below fair value
$48.06−1.33 (-2.69%)

Close on Nov 10, 2026Market cap $11.04BP/E –Yield 3.33%

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth2Performance0Health4Dividend3

Mixed12 of 30 checks passed

Jefferies Financial passes 12 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
2/6
Past performance
0/6
Financial health
4/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 56.0% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $48.06 is below our fair value estimate of $109.11.

  • No debt

    Jefferies Financial has no borrowings on its latest balance sheet.

  • Revenue growing 10%+ a year

    Revenue grew 14.8% a year over the last three fiscal years.

What to watch

  • EPS growing under 10% a year

    Diluted EPS grew -2.6% a year over the last three fiscal years.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.40; above 3 is the safe zone and below 1.8 the distress zone.

  • Growing slower than the industry

    Revenue grew 13.5% over the last twelve months; the Security Brokers, Dealers, and Flotation median is 16.2%.

  • Yield below Treasuries

    The 3.3% yield is below the 4.4% on a 1-year Treasury.

Valuation3/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    Jefferies Financial's price-to-book of 1.03 is below the Security Brokers, Dealers, and Flotation median of 3.12.

  • Trading below fair value

    The share price of $48.06 is below our fair value estimate of $109.11.

  • Margin of safety over 20%

    The price is 56.0% below fair value, more than the 20% cushion we look for.

Growth2/6

  • Revenue growing 10%+ a year

    Revenue grew 14.8% a year over the last three fiscal years.

  • EPS growing under 10% a year

    Diluted EPS grew -2.6% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew 13.5% over the last twelve months; the Security Brokers, Dealers, and Flotation median is 16.2%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 98.7% over the last twelve months, against 98.0% a year earlier.

Past performance0/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health4/6

  • No debt

    Jefferies Financial has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    No meaningful interest expense to cover.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.40; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6

  • Pays a dividend

    Jefferies Financial paid dividends worth 3.3% of the share price over the last twelve months.

  • Yield below Treasuries

    The 3.3% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Jefferies Financial yields 3.3%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

  • Earnings cover

    Needs dividends paid and net income.

  • Covered by free cash flow

    Dividends take 8.8% of free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$109.11

The share price is 56% below this estimate.

20%+ below
Near fair value
20%+ above
$48.06Price$109.11Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA6.9×0.6×13.2×$113.4178%
P/B2.0×0.9×3.1×$94.0622%
Fair value$109.11100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 18.2
  • Security Brokers, Dealers, and Flotation median 15.7

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$106.01M
Value traded per 1% price move
$54.74M

Downside

High risk

Typical loss in a bad month
32.2%
Volatility (annualized)
41%
Sharpe ratio, 1 year
-0.39
Beta to the S&P 500 (5Y)
1.43

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2009 to 2025

Gross margin

98.2%+3.2 pts over 5 years

Net margin

–

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