JB Hi FiASX:JBH +4.08%92 ROA % is 14.94% as of Dec. 2025, which is 17% above its 10-year median of 12.81. GuruFocus rates ASX:JBH with a GF Score™ of 92/100 and a GF Value™ of A$80.91 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,134 Retail - Cyclical companies, JB Hi Fi ranks better than 87.48% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. JB Hi Fi's annualizedNet Income for the quarter that ended in Dec. 2025 was A$612 Mil.
JB Hi Fi's average Total Assets over the quarter that ended in Dec. 2025 was A$4,093 Mil. Therefore, JB Hi Fi's annualized ROA % for the quarter that ended in Dec. 2025 was 14.94%.
The historical rank and industry rank for JB Hi Fi's ROA % or its related term are showing as below:
ASX:JBH'
s ROA % Range Over the Past 10 Years
Min: 9.43 Med: 12.81 Max: 16.98
Current: 11.73
During the past 13 years, JB Hi Fi's highest ROA % was 16.98%. The lowest was 9.43%. And the median was 12.81%.
ASX:JBH's ROA % is ranked better than 87.48% of 1134
companies
in the Retail - Cyclical industry
Industry Median: 2.715
vs ASX:JBH: 11.73
JB Hi Fi (ASX:JBH) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
JB Hi Fi ROA % Related Terms
JB Hi Fi ROA % Historical Data
* Premium members only.
The historical data trend for JB Hi Fi's ROA % 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.
For the Specialty Retail subindustry, JB Hi Fi's ROA %, along with its competitors' market caps and ROA % 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.
JB Hi Fi ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, JB Hi Fi's ROA % distribution charts can be found below:
* The bar in red indicates where JB Hi Fi's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
JB Hi Fi (ASX:JBH) has a ROA % of 14.94% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on JB Hi Fi and its competitors. This is 17% above median its historical median of 12.81. Over the past decade, JB Hi Fi's ROA % has ranged from 9.43 to 16.98. According to the industry distribution chart, JB Hi Fi ranks #142 out of 1134 companies in the Retail - Cyclical industry, placing it in the top 12.5%.
Is JB Hi Fi's ROA % too high?
JB Hi Fi's current ROA % of 14.94% is 17% above median its 10-year median of 12.81. Over the past 10 years, this metric has ranged from a low of 9.43 to a high of 16.98. The Retail - Cyclical industry median ROA % is 2.72. JB Hi Fi's value of 14.94% is 450.3% above this industry median. Based on the distribution chart, JB Hi Fi ranks #142 out of 1134 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, JB Hi Fi has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JB Hi Fi's ROA % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, JB Hi Fi ranks #142 out of 1134 companies for ROA %. This places JB Hi Fi in the top 13% of its industry — outperforming the majority of peers. The industry median ROA % is 2.72. JB Hi Fi's value of 14.94% is 450.3% above this benchmark. Historically, JB Hi Fi's own ROA % has ranged from 9.43 to 16.98 over the past decade. While the company's 10-year median is 12.81 vs. the industry median of 2.72, JB Hi Fi 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 ROA % for a Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.72, based on 1,134 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JB Hi Fi's current ROA % of 14.94% is 450.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on JB Hi Fi and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JB Hi Fi's current ROA % is 14.94%, which is 17% above median its own 10-year median of 12.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JB Hi Fi stock overvalued right now?
Based on GuruFocus' analysis, JB Hi Fi (ASX:JBH) is currently considered Fairly Valued. The stock's GF Value™ is A$80.91, compared to a current price of A$81.60 — trading 0.9% above its estimated fair value. The current ROA % is 14.94%, which is 17% above median its 10-year median of 12.81 and 450.3% above the Retail - Cyclical industry median of 2.72. JB Hi Fi's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For JB Hi Fi (ASX:JBH), the current ROA % is 14.94% as of Dec. 2025. 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 JB Hi Fi (ASX:JBH) Overvalued in 2026?
Based on GuruFocus' analysis, JB Hi Fi stock appears to be overvalued.
The current stock price of A$81.60 is trading 0.9% above its estimated GF Value™ of A$80.91.
GuruFocus considers JB Hi Fi to be Fairly Valued.
Key valuation signals for ASX:JBH:
ROA %: 14.94% (17% above median its 10-year median of 12.81)
GF Value™: A$80.91 vs. price of A$81.60 (0.9% above fair value)
Industry Position: 450.3% above the Retail - Cyclical median (#142 of 1134)
No single metric tells the full story. See the ASX:JBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JB Hi-Fi Limited is a specialty retailer of branded home entertainment products. The group sells consumer electronics, electrical goods, and white goods through its JB Hi-Fi, The Good Guys, and E&S chains. The company primarily operates from stand-alone destination sites and shopping centers in Australia and New Zealand, but the online platform is becoming increasingly important.
92GF Score
Get the complete analysis for ASX:JBH
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:JBH has been successfully added to your 
