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Jefferies Financial GroupJEF +2.61%88 ROC (Joel Greenblatt) % is 35.94% as of May. 2026, which is 62% below its 10-year median of 93.56. GuruFocus rates JEF with a GF Scoreâ„¢ of 88/100 and a GF Valueâ„¢ of $64.15 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 678 Capital Markets companies, Jefferies Financial Group ranks worse than 52.06% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Jefferies Financial Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 35.94%.
The historical rank and industry rank for Jefferies Financial Group's ROC (Joel Greenblatt) % or its related term are showing as below:
JEF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.87 Med: 93.56 Max: 504.97
Current: 31.44
During the past 13 years, Jefferies Financial Group's highest ROC (Joel Greenblatt) % was 504.97%. The lowest was 22.87%. And the median was 93.56%.
JEF's ROC (Joel Greenblatt) % is ranked worse than 52.06% of 678
companies
in the Capital Markets industry
Industry Median: 35.065
vs JEF: 31.44
Jefferies Financial Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -34.00% per year.
Jefferies Financial Group (NYSE:JEF) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Jefferies Financial Group ROC (Joel Greenblatt) % Related Terms
Jefferies Financial Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Jefferies Financial Group's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart
JEF vs HLI, SF, SNEX: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Jefferies Financial Group's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jefferies Financial Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jefferies Financial Group's ROC (Joel Greenblatt) % falls into.
Jefferies Financial Group ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (May. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 35.94% mean?
Jefferies Financial Group (JEF) has a ROC (Joel Greenblatt) % of 35.94% as of May. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Jefferies Financial Group and its competitors. This is 62% below median its historical median of 93.56. Over the past decade, Jefferies Financial Group's ROC (Joel Greenblatt) % has ranged from 22.87 to 504.97. According to the industry distribution chart, Jefferies Financial Group ranks #353 out of 678 companies in the Capital Markets industry, placing it in the top 52.1%.
Is Jefferies Financial Group's ROC (Joel Greenblatt) % too high?
Jefferies Financial Group's current ROC (Joel Greenblatt) % of 35.94% is 62% below median its 10-year median of 93.56. Over the past 10 years, this metric has ranged from a low of 22.87 to a high of 504.97. The Capital Markets industry median ROC (Joel Greenblatt) % is 35.07. Jefferies Financial Group's value of 35.94% is 2.5% above this industry median. Based on the distribution chart, Jefferies Financial Group ranks #353 out of 678 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Jefferies Financial Group has a GF Scoreâ„¢ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jefferies Financial Group's ROC (Joel Greenblatt) % compare to HLI and SF?
According to the Capital Markets industry distribution chart, Jefferies Financial Group ranks #353 out of 678 companies for ROC (Joel Greenblatt) %. This places Jefferies Financial Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 35.07. Jefferies Financial Group's value of 35.94% is 2.5% above this benchmark. Historically, Jefferies Financial Group's own ROC (Joel Greenblatt) % has ranged from 22.87 to 504.97 over the past decade. While the company's 10-year median is 93.56 vs. the industry median of 35.07, 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 ROC (Joel Greenblatt) % for a Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 35.07, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jefferies Financial Group's current ROC (Joel Greenblatt) % of 35.94% is 2.5% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Jefferies Financial Group and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 35.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jefferies Financial Group's current ROC (Joel Greenblatt) % is 35.94%, which is 62% below median its own 10-year median of 93.56. 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 Modestly Undervalued. The stock's GF Value™ is $64.15, compared to a current price of $53.96 — trading 15.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 35.94%, which is 62% below median its 10-year median of 93.56 and 2.5% above the Capital Markets industry median of 35.07. Jefferies Financial Group's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Jefferies Financial Group (JEF), the current ROC (Joel Greenblatt) % is 35.94% as of May. 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 $53.96 is trading 15.9% below its estimated GF Value™ of $64.15.
GuruFocus considers Jefferies Financial Group to be Modestly Undervalued.
Key valuation signals for JEF:
ROC (Joel Greenblatt) %: 35.94% (62% below median its 10-year median of 93.56)
GF Value™: $64.15 vs. price of $53.96 (15.9% below fair value)
Industry Position: 2.5% above the Capital Markets median (#353 of 678)
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.
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