JEF Financial Services

Jefferies Financial Group Inc.

$48.56+0.60%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: United States
Market cap: 9.9B USD
Full-time employees: 7,787

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers

Ranks #630 of 791 banks & insurance companies (bottom 21%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $197M vs $272M spent repurchasing shares over the 3 fiscal years to FY Nov 2025.
Over three fiscal years Jefferies Financial recorded $197M of stock-based pay expense and spent $272M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Jefferies Financial recorded $197M of stock-based pay expense and spent $272M repurchasing shares.

StockQuotient Score

38/ 100▼ 3 since Oct 27 close

Oct 5 43 → Nov 4 38 (-5)

Valuation

Is the price right?

60/100

Moderate▼ 6 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 66 → 60

Share price +5.1%-6

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield96.1%

SEC filings · latest balance sheetReported value40% base weight · Z-score 0.58Sector median: 0.7950 · MAD: 0.2843

Earnings yield8.1%

SEC filings · 12 months to Aug 2026Reported value60% base weight · Z-score 0.10Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield37.7%

SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

18/100

Weak

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.1%

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth-5.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Nov 2025Reported value100% base weight · Z-score -1.20Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth19.9%

SEC filings · 3 years to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth17.7%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

37/100

Weak▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 38 → 37

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.1%

SEC filings · 12 months to Aug 2026Reported value50% base weight · Z-score -0.09Sector median: 0.0117 · MAD: 0.0062

Return on equity8.5%

SEC filings · 12 months to Aug 2026Reported value50% base weight · Z-score -0.58Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin42.8%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Nov 2025Reported valueInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Jefferies Financial

Is Jefferies Financial getting weaker?: Its latest SEC filing (Oct 9, 2026) showed no major changes. Its overall score is 38/100, down 3 since Oct 28, 2026.
How is Jefferies Financial valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 950 banks & insurance peers. Book yield 96.1% vs a peer median of 79.5% (stronger than 65% of peers).Book yield 96.1% vs peers 79.5% (stronger than 65% of peers).
Is Jefferies Financial growing?: More slowly than most of its peers. Growth scores 18/100 against 950 banks & insurance peers. Earnings per share growth -5.4% vs a peer median of 16.0% (weaker than 82% of peers).Earnings per share growth -5.4% vs peers 16.0% (weaker than 82% of peers).
How profitable is Jefferies Financial?: Less profitable than most of its peers. Profitability scores 37/100 against 950 banks & insurance peers. Return on equity 8.5% vs a peer median of 10.7% (weaker than 68% of peers).Return on equity 8.5% vs peers 10.7% (weaker than 68% of peers).
How risky is Jefferies Financial?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Aug 31, 2026 · filed Oct 9, 2026 · compared with the quarter ended May 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	8.3B USD	8.5B USD	+2.1%
Net income (12 months)	863.1M USD	908.9M USD	+5.3%
Free cash flow (12 months)	1.8B USD	4.2B USD	+135.5%
Debt	19.6B USD	19.9B USD	+1.4%
Cash	14.3B USD	16.9B USD	+17.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Capital Markets · 24 companies

Valuations in Capital Markets are above their usual range since Nov 2016.

62% of months since Nov 2016 were valued lower than now.
56% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +34% and earnings +87% (medians): earnings grew faster than prices.
Median price-to-book is +21% vs the whole market, against a usual +28%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Nov 2021	FY Nov 2022	FY Nov 2023	FY Nov 2024	FY Nov 2025	Change
Net margin	20.8%	13.1%	5.6%	10.2%	9.3%	▼ 0.9 pts
Return on assets (ROA)	3.0%	1.5%	0.5%	1.1%	0.9%	▼ 0.2 pts
Return on equity (ROE)	15.8%	7.6%	2.7%	7.0%	6.4%	▼ 0.6 pts
Debt to equity	0.89×	0.91×	1.10×	1.38×	1.67×	▲ 21%

JEF price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Ranks #630 of 791 banks & insurance companies (bottom 21%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $197M vs $272M spent repurchasing shares over the 3 fiscal years to FY Nov 2025.

Over three fiscal years Jefferies Financial recorded $197M of stock-based pay expense and spent $272M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Jefferies Financial recorded $197M of stock-based pay expense and spent $272M repurchasing shares.

Questions investors ask about Jefferies Financial

Is Jefferies Financial getting weaker?

Its latest SEC filing (Oct 9, 2026) showed no major changes. Its overall score is 38/100, down 3 since Oct 28, 2026.

How is Jefferies Financial valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 950 banks & insurance peers. Book yield 96.1% vs a peer median of 79.5% (stronger than 65% of peers).Book yield 96.1% vs peers 79.5% (stronger than 65% of peers).

Is Jefferies Financial growing?

More slowly than most of its peers. Growth scores 18/100 against 950 banks & insurance peers. Earnings per share growth -5.4% vs a peer median of 16.0% (weaker than 82% of peers).Earnings per share growth -5.4% vs peers 16.0% (weaker than 82% of peers).

How profitable is Jefferies Financial?

Less profitable than most of its peers. Profitability scores 37/100 against 950 banks & insurance peers. Return on equity 8.5% vs a peer median of 10.7% (weaker than 68% of peers).Return on equity 8.5% vs peers 10.7% (weaker than 68% of peers).

How risky is Jefferies Financial?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

8.3B USD

8.5B USD

+2.1%

Net income (12 months)

863.1M USD

908.9M USD

+5.3%

Free cash flow (12 months)

1.8B USD

4.2B USD

+135.5%

Debt

19.6B USD

19.9B USD

+1.4%

Cash

14.3B USD

16.9B USD

+17.9%

Key ratios

FY Nov 2021

FY Nov 2022

FY Nov 2023

FY Nov 2024

FY Nov 2025

Change

Net margin

20.8%

13.1%

5.6%

10.2%

9.3%

▼ 0.9 pts

Return on assets (ROA)

3.0%

1.5%

0.5%

1.1%

0.9%

▼ 0.2 pts

Return on equity (ROE)

15.8%

7.6%

2.7%

7.0%

6.4%

▼ 0.6 pts

Debt to equity

0.89×

0.91×

1.10×

1.38×

1.67×

▲ 21%