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Jefferies Financial GroupJEF +2.61%88 3-Year ROIIC % is 12.81 as of Nov. 2025, which is 216% above its 10-year median of 4.05. GuruFocus rates JEF with a GF Score™ of 88/100 and a GF Value™ of $64.09 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 659 Capital Markets companies, Jefferies Financial Group ranks better than 69.2% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Jefferies Financial Group's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was 12.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Jefferies Financial Group's 3-Year ROIIC % or its related term are showing as below:
JEF's 3-Year ROIIC % is ranked better than 69.2% of 659
companies
in the Capital Markets industry
Industry Median: 2.6
vs JEF: 12.81
Jefferies Financial Group (NYSE:JEF) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Jefferies Financial Group 3-Year ROIIC % Related Terms
Jefferies Financial Group 3-Year ROIIC % Historical 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.
For the Capital Markets subindustry, Jefferies Financial Group's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jefferies Financial Group's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Jefferies Financial Group's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Jefferies Financial Group (JEF) has a 3-Year ROIIC % of 12.81 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Jefferies Financial Group and its competitors. This is 216% above median its historical median of 4.05. According to the industry distribution chart, Jefferies Financial Group ranks #203 out of 659 companies in the Capital Markets industry, placing it in the top 30.8%.
Is Jefferies Financial Group's 3-Year ROIIC % too high?
Jefferies Financial Group's current 3-Year ROIIC % of 12.81 is 216% above median its 10-year median of 4.05. The Capital Markets industry median 3-Year ROIIC % is 2.60. Jefferies Financial Group's value of 12.81 is 392.7% above this industry median. Based on the distribution chart, Jefferies Financial Group ranks #203 out of 659 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Jefferies Financial Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jefferies Financial Group's 3-Year ROIIC % compare to HLI and SF?
According to the Capital Markets industry distribution chart, Jefferies Financial Group ranks #203 out of 659 companies for 3-Year ROIIC %. This puts Jefferies Financial Group in the upper half of its industry. The industry median 3-Year ROIIC % is 2.60. Jefferies Financial Group's value of 12.81 is 392.7% above this benchmark. While the company's 10-year median is 4.05 vs. the industry median of 2.60, 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 3-Year ROIIC % for a Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.60, based on 659 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jefferies Financial Group's current 3-Year ROIIC % of 12.81 is 392.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Jefferies Financial Group and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jefferies Financial Group's current 3-Year ROIIC % is 12.81, which is 216% above median its own 10-year median of 4.05. 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 $64.09, compared to a current price of $53.96 — trading 15.8% below its estimated fair value. The current 3-Year ROIIC % is 12.81, which is 216% above median its 10-year median of 4.05 and 392.7% above the Capital Markets industry median of 2.60. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Jefferies Financial Group (JEF), the current 3-Year ROIIC % is 12.81 as of Nov. 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 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 15.8% below its estimated GF Value™ of $64.09.
GuruFocus considers Jefferies Financial Group to be Modestly Undervalued.
Key valuation signals for JEF:
3-Year ROIIC %: 12.81 (216% above median its 10-year median of 4.05)
GF Value™: $64.09 vs. price of $53.96 (15.8% below fair value)
Industry Position: 392.7% above the Capital Markets median (#203 of 659)
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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