Jefferies Financial Group Inc. (JEF) Stock

Jefferies Financial Group Inc. (JEF) is a Financials stock trading at $51.79 (as of 2026-08-20), with a market capitalization of $10.53B and a trailing P/E of 12.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending. In addition, the company offers financing, securities lending, and other prime brokerage services; equities research and finance; and wealth management services. Further, it provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.

Understand Jefferies Financial Group Inc.: how it makes money

Jefferies Financial Group provides investment banking and capital markets services, along with asset management, merchant banking, and corporate activities, and it makes money through advisory and underwriting (equity and debt), corporate lending, financing, and securities lending.

Jefferies profit generation is structurally tied to activity in capital markets services, where fees and financing income come from deal advisory and underwriting, plus financing and securities-lending activities.

Revenue by segment (latest quarter)
Equities$1.8B
Fixed Income$1.3B

Business quality (Mixed): The business mix and the key operating revenue lines are clear in the provided facts, but a full, officially reportable segment revenue breakdown (that sums cleanly to the stated total) is not fully available here, limiting how precisely you can attribute performance across all Jefferies segments.

Valuation: At 18× earnings, JEF trades 47% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Multiple ways to earn revenue across capital markets: Jefferies provides investment banking advisory and underwriting, plus capital markets services and financing and securities lending.
  • Large contributions from both capital markets and core investment banking: In the provided operating figures, Capital Markets Revenues are 2.2B and Core Investment Banking Revenues are 2.1B.

Bear case

  • Revenue can be exposed to capital markets deal and trading conditions: Because a material portion of results is tied to investment banking and capital markets services like advisory and underwriting, weaker market activity could pressure revenues.
  • Segment attribution may be incomplete from the provided data: The provided segment-like revenue inputs focus on product revenue lines, so it is harder to fully explain performance across all stated reportable segments (Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate) using only this dataset.
Valuation — source: SEC EDGAR (first-party)
Price$51.79
Market Cap$10.53B
P/E Ratio12.2
EV / EBITDA9.9
Price / Book0.99
Price / Sales0.89
FCF Yield-12.1%
DCF Value (model)$21.22
DCF Upside vs Price-59.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.82B
Net Margin6.3%
Revenue Growth (YoY)25.0%
FCF Growth (YoY)-251.8%
Valuation vs Sector & Industry
Stock P/E12.2
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector-19.4%
vs Industry-64.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($913.10M)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorFinancials
IndustryTrading
CEORichard Brian Handler
Employees7,701
CountryUS
IPO Date1980-03-17

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JEF earnings history · JEF institutional & insider holders · JEF KPIs & operating metrics · JEF financials · JEF investor presentations & press releases · JEF SEC filings · JEF peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.