Jefferies Financial (JEF)
Market Price (11/18/2025): $52.28 | Market Cap: $11.3 BilSector: Financials | Industry: Multi-Sector Holdings
Jefferies Financial (JEF)
Market Price (11/18/2025): $52.28Market Cap: $11.3 BilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4% | Weak multi-year price returns3Y Excs Rtn is -2.6% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 108% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 44% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% | |
| Low stock price volatilityVol 12M is 47% | ||
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, and Sustainable Finance. Themes include Private Equity, Private Credit, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 44% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets, and Sustainable Finance. Themes include Private Equity, Private Credit, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -2.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 108% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -18% |
Market Valuation & Key Metrics
JEF Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are five key points highlighting why Jefferies Financial (JEF) stock moved by -7.7% in the approximate time period from July 31, 2025, to November 18, 2025:
1. Disclosure of Significant Exposure to Bankrupt First Brands Group: On October 8, 2025, Jefferies announced an approximate $715 million exposure to First Brands Group's receivables, an auto parts supplier that had filed for Chapter 11 bankruptcy protection. This disclosure caused Jefferies' stock to fall by about 8% on that day.
2. Concerns Over Potential Losses from Bad Loans: The substantial exposure to the bankrupt First Brands Group led to wider market concerns that Jefferies Financial Group might incur "millions of dollars in losses" from these dealings, contributing to a decline in its stock price.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JEF Return | 19% | 62% | -8% | 28% | 99% | -31% | 211% |
| Peers Return | 4% | 35% | -15% | 17% | 42% | 32% | 159% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| JEF Win Rate | 83% | 67% | 33% | 58% | 83% | 50% | |
| Peers Win Rate | 58% | 63% | 42% | 50% | 65% | 68% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| JEF Max Drawdown | -43% | -6% | -31% | -11% | -4% | -47% | |
| Peers Max Drawdown | -47% | -2% | -29% | -14% | -4% | -18% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, MS, GS, C. See JEF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/17/2025 (YTD)
How Low Can It Go
| Event | JEF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.4% | -25.4% |
| % Gain to Breakeven | 67.7% | 34.1% |
| Time to Breakeven | 636 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.0% | -33.9% |
| % Gain to Breakeven | 96.2% | 51.3% |
| Time to Breakeven | 208 days | 148 days |
| 2018 Correction | ||
| % Loss | -41.5% | -19.8% |
| % Gain to Breakeven | 70.9% | 24.7% |
| Time to Breakeven | 780 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -80.7% | -56.8% |
| % Gain to Breakeven | 419.2% | 131.3% |
| Time to Breakeven | 5610 days | 1480 days |
Compare to JPM, BAC, MS, GS, C
In The Past
Jefferies Financial's stock fell -40.4% during the 2022 Inflation Shock from a high on 11/3/2021. A -40.4% loss requires a 67.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to JEF. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | BRO | Brown & Brown | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.2% | 1.2% | -4.2% |
| 10312025 | CPAY | Corpay | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.2% | 7.2% | 0.0% |
| 10312025 | EEFT | Euronet Worldwide | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.9% | -6.9% | -7.4% |
| 10312025 | GPN | Global Payments | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.7% | -4.7% | -4.7% |
| 10102025 | APO | Apollo Asset Management | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 10.5% | 10.5% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | BRO | Brown & Brown | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.2% | 1.2% | -4.2% |
| 10312025 | CPAY | Corpay | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.2% | 7.2% | 0.0% |
| 10312025 | EEFT | Euronet Worldwide | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.9% | -6.9% | -7.4% |
| 10312025 | GPN | Global Payments | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.7% | -4.7% | -4.7% |
| 10102025 | APO | Apollo Asset Management | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 10.5% | 10.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Jefferies Financial
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 128.82 |
| Mkt Cap | 245.3 |
| Rev LTM | 74,746 |
| Op Inc LTM | 4,693 |
| FCF LTM | -4,359 |
| FCF 3Y Avg | -27,669 |
| CFO LTM | -2,714 |
| CFO 3Y Avg | -24,915 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.1% |
| Rev Chg 3Y Avg | 7.0% |
| Rev Chg Q | 11.4% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Mgn LTM | 43.8% |
| Op Mgn 3Y Avg | 43.7% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | -11.0% |
| CFO/Rev 3Y Avg | -37.6% |
| FCF/Rev LTM | -14.4% |
| FCF/Rev 3Y Avg | -40.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 245.3 |
| P/S | 3.7 |
| P/EBIT | 2.6 |
| P/E | 14.4 |
| P/CFO | -4.5 |
| Total Yield | 7.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -16.2% |
| D/E | 1.5 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.4% |
| 3M Rtn | 5.8% |
| 6M Rtn | 19.9% |
| 12M Rtn | 23.7% |
| 3Y Rtn | 109.4% |
| 1M Excs Rtn | 1.3% |
| 3M Excs Rtn | 2.4% |
| 6M Excs Rtn | 8.0% |
| 12M Excs Rtn | 13.8% |
| 3Y Excs Rtn | 41.4% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/29/2025 | -1.9% | -8.2% | -16.7% |
| 6/25/2025 | 0.3% | 1.3% | 2.9% |
| 3/26/2025 | -9.9% | -8.5% | -22.4% |
| 1/8/2025 | -10.8% | -7.1% | -8.6% |
| 9/25/2024 | -1.3% | 0.6% | 4.2% |
| 6/26/2024 | 6.3% | 11.0% | 23.8% |
| 3/27/2024 | -4.4% | -5.2% | -5.6% |
| 1/8/2024 | -2.0% | -1.7% | -1.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 13 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 3.1% | 3.9% | 10.8% |
| Median Negative | -3.0% | -7.3% | -7.4% |
| Max Positive | 7.1% | 11.0% | 23.8% |
| Max Negative | -10.8% | -17.4% | -22.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 8312025 | 10092025 | 10-Q 8/31/2025 |
| 5312025 | 7092025 | 10-Q 5/31/2025 |
| 2282025 | 4092025 | 10-Q 2/28/2025 |
| 11302024 | 1282025 | 10-K 11/30/2024 |
| 8312024 | 10092024 | 10-Q 8/31/2024 |
| 5312024 | 7092024 | 10-Q 5/31/2024 |
| 2292024 | 4052024 | 10-Q 2/29/2024 |
| 11302023 | 1262024 | 10-K 11/30/2023 |
| 8312023 | 10062023 | 10-Q 8/31/2023 |
| 5312023 | 7072023 | 10-Q 5/31/2023 |
| 2282023 | 4102023 | 10-Q 2/28/2023 |
| 11302022 | 1272023 | 10-K 11/30/2022 |
| 8312022 | 10072022 | 10-Q 8/31/2022 |
| 5312022 | 7082022 | 10-Q 5/31/2022 |
| 2282022 | 4082022 | 10-Q 2/28/2022 |
| 11302021 | 1282022 | 10-K 11/30/2021 |
External Quote Links
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| YCharts | Perplexity Finance |
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