Jefferies Financial GroupJEF +4.22%88 Return-on-Tangible-Equity is 8.05% as of Feb. 2026, which is 9% below its 10-year median of 8.81. GuruFocus rates JEF with a GF Scoreâ„¢ of 88/100 and a GF Valueâ„¢ of $57.29 (Fairly Valued). The stock has 4 warning signs investors should review. Among 781 Capital Markets companies, Jefferies Financial Group ranks better than 62.48% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Jefferies Financial Group's annualized net income for the quarter that ended in Feb. 2026 was $701 Mil. Jefferies Financial Group's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $8,710 Mil. Therefore, Jefferies Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 8.05%.
The historical rank and industry rank for Jefferies Financial Group's Return-on-Tangible-Equity or its related term are showing as below:
JEF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.69 Med: 8.81 Max: 20.55
Current: 10.58
During the past 13 years, Jefferies Financial Group's highest Return-on-Tangible-Equity was 20.55%. The lowest was 1.69%. And the median was 8.81%.
JEF's Return-on-Tangible-Equity is ranked better than 62.48% of 781
companies
in the Capital Markets industry
Industry Median: 6.52
vs JEF: 10.58
Jefferies Financial Group (NYSE:JEF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Jefferies Financial Group Return-on-Tangible-Equity Related Terms
Jefferies Financial Group Return-on-Tangible-Equity Historical Data
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The historical data trend for Jefferies Financial Group's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Jefferies Financial Group Return-on-Tangible-Equity Chart
JEF vs HLI, SF, SNEX: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Jefferies Financial Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jefferies Financial Group Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jefferies Financial Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Jefferies Financial Group's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.05% mean?
Jefferies Financial Group (JEF) has a Return-on-Tangible-Equity of 8.05% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jefferies Financial Group and its competitors. This is near median its historical median of 8.81. Over the past decade, Jefferies Financial Group's Return-on-Tangible-Equity has ranged from 1.69 to 20.55. According to the industry distribution chart, Jefferies Financial Group ranks #293 out of 781 companies in the Capital Markets industry, placing it in the top 37.5%.
Is Jefferies Financial Group's Return-on-Tangible-Equity too high?
Jefferies Financial Group's current Return-on-Tangible-Equity of 8.05% is near median its 10-year median of 8.81. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 20.55. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Jefferies Financial Group's value of 8.05% is 23.5% above this industry median. Based on the distribution chart, Jefferies Financial Group ranks #293 out of 781 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Jefferies Financial Group has a GF Scoreâ„¢ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jefferies Financial Group's Return-on-Tangible-Equity compare to HLI and SF?
According to the Capital Markets industry distribution chart, Jefferies Financial Group ranks #293 out of 781 companies for Return-on-Tangible-Equity. This puts Jefferies Financial Group in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Jefferies Financial Group's value of 8.05% is 23.5% above this benchmark. Historically, Jefferies Financial Group's own Return-on-Tangible-Equity has ranged from 1.69 to 20.55 over the past decade. While the company's 10-year median is 8.81 vs. the industry median of 6.52, Jefferies Financial Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 781 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jefferies Financial Group's current Return-on-Tangible-Equity of 8.05% is 23.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jefferies Financial Group and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jefferies Financial Group's current Return-on-Tangible-Equity is 8.05%, which is near median its own 10-year median of 8.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jefferies Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Jefferies Financial Group (JEF) is currently considered Fairly Valued. The stock's GF Value™ is $57.29, compared to a current price of $54.84 — trading 4.3% below its estimated fair value. The current Return-on-Tangible-Equity is 8.05%, which is near median its 10-year median of 8.81 and 23.5% above the Capital Markets industry median of 6.52. Jefferies Financial Group's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Jefferies Financial Group (JEF), the current Return-on-Tangible-Equity is 8.05% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Jefferies Financial Group (JEF) Overvalued in 2026?
Based on GuruFocus' analysis, Jefferies Financial Group stock appears to be undervalued.
The current stock price of $54.84 is trading 4.3% below its estimated GF Value™ of $57.29.
GuruFocus considers Jefferies Financial Group to be Fairly Valued.
Key valuation signals for JEF:
Return-on-Tangible-Equity: 8.05% (near median its 10-year median of 8.81)
GF Value™: $57.29 vs. price of $54.84 (4.3% below fair value)
Industry Position: 23.5% above the Capital Markets median (#293 of 781)
No single metric tells the full story. See the JEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jefferies Financial Group is a full-service investment banking and capital markets firm that was founded in 1962. After nearly 30 years of focusing on institutional trading services, it entered the investment banking industry in the early 1990s, which ultimately grew into the core business. In 2013, Jefferies merged with Leucadia, a manufacturing-focused holding company. Since merging, Jefferies became the core of the combined business as the bulk of the legacy portfolio was sold off and the parent company was renamed to match the subsidiary. Within the investment banking landscape, Jefferies predominately serves the North American middle market and has captured considerable market share over the past decade.
88GF Score
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