JB Hi-Fi (JBH)
JBH $76.37
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Performance
Share price activity
- Last (Price)
- 76.37
- Change
- ▼ -0.76 (-0.99)
- Bid / Ask
- 76.37 - 76.50
- Volume
- 271,085
- Turnover
- 20,713,437
- Open
- 76.90
- Day Range
- 76.12 - 77.36
- VWAP
- 76.41
- Prev Close
- 77.13
- Last Trade
- 13/11 4:10pm
Key information
- Sector
- Consumer Cyclical
- Shares Issued
- 109,333,981
- NTA/Share
- 5.15
- Last Dividend
- 1.27
- Dividend Ex Date
- 27 AUG 2026
- Dividend Pay Date
- 11 SEP 2026
Current (AUD) · FY2026
- Revenue
- 11,064.00
- EBITDA
- 1,015.30
- Profit
- 489.90
- Earnings Per Share (EPS)
- 4.47
- Dividend Per Share (DPS)
- 4.15
- Yield %
- 4.37
- Market Cap
- 8,349.84
- Price to Earnings Ratio (P/E)
- 17.10
Estimates (AUD) · FY2027
- Revenue
- 11,243.70
- EBITDA
- 982.00
- Profit
- 464.09
- Earnings Per Share (EPS)
- 4.23
- Dividend Per Share (DPS)
- 3.18
Quantitative rating
Overvalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Five-star price 55.40 Fair value 72.27 One-star price 94.28
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative valuation
- Fair Value
- 72.27
- Price / Fair Value
- 1.07
- Valuation
- Overvalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 11 NOV 2026. The slider runs from the five-star price (55.40) to the one-star price (94.28).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 77.13 |
| Price - 12 month high | 100.89 |
| Price - 12 month low | 64.18 |
| Pricing date | 11 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.67 |
| Market capitalization | 8,432.93 |
| 12 Month High price date | 26 NOV 2025 |
| 12 Month Low price date | 11 SEP 2026 |
| Volume - avg. trading volume for the last 3 months | 0.63 |
| Price - 1 Day % Change | -0.21% |
| Price - 13 week price percent change | -7.75% |
| Price - 26 week price percent change | 7.86% |
| Price - 5 Day % Change | 4.73% |
| Price - 52 week price percent change | -21.34% |
| Price - YTD price percent change | -19.84% |
| Price % Change Month To Date | 6.83% |
| EPS excluding extraordinary items - most recent fiscal year | 4.467 |
| EPS excluding extraordinary items - trailing 12 month | 4.467 |
| EPS Normalized - most recent fiscal year | 4.564 |
| Revenue/share - most recent fiscal year | 100.886 |
| Revenue/share - trailing 12 month | 100.886 |
| Book value per share - most recent fiscal year | 14.986 |
| Book value per share - most recent half-year | 14.986 |
| Book value (tangible) per share - most recent fiscal year | 5.146 |
| Book value (tangible) per share - most recent half-year | 5.146 |
| Cash per share - most recent fiscal year | 1.889 |
| Cash per share - most recent half-year | 1.889 |
| Cash Flow per share - most recent fiscal year | 6.394 |
| Cash Flow per share - trailing 12 month | 6.394 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 3.370 |
| EBITD per share - trailing 12 month | 9.258 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 4.481 |
| EPS Basic excluding extraordinary items - trailing 12 month | 4.481 |
| EPS including extraordinary items - most recent fiscal year | 4.481 |
| EPS including extraordinary items - trailing 12 month | 4.481 |
| Free Cash Flow per share - trailing 12 month | 5.596 |
| P/E excluding extraordinary items, most recent fiscal year | 17.27 |
| P/E Normalized, most recent fiscal year | 16.90 |
| Price to sales - most recent fiscal year | 0.76 |
| Price to Tangible Book - most fiscal year | 15.12 |
| Price to Free Cash Flow per Share - most recent fiscal year | 13.78 |
| Price to Cash Flow per share - trailing 12 month | 12.06 |
| Price to Book - most recent fiscal year | 5.15 |
| P/E excluding extraordinary items high, trailing 12 months | 23.31 |
| P/E excluding extraordinary items low, trailing 12 months | 14.49 |
| Net Debt, LFI | 259.30 |
| Net Debt, LFY | 498.50 |
| Dividend Yield - 5 Year Average | 4.27% |
| Dividend Yield - indicated annual dividend divided by closing price | 4.36% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 4.37% |
| Free Cash Flow - most recent fiscal year | 613.70 |
| LT debt/equity - most recent fiscal year | 30.21% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 42.90% |
| LT debt/equity - most recent half-year | 32.21% |
| Total debt/total equity - most recent half-year | 44.48% |
| Free Cash Flow - trailing 12 month | 613.70 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 11,064.00 |
| Revenue - trailing 12 month | 11,064.00 |
| EBITD - most recent fiscal year | 1,015.30 |
| EBITD - trailing 12 month | 1,015.30 |
| Earnings before taxes - most recent fiscal year | 699.90 |
| Earnings before taxes - trailing 12 month | 699.90 |
| Net Income available to common - most recent fiscal year | 489.90 |
| Net Income available to common - trailing 12 months | 489.90 |
| Earnings before taxes Normalized - most recent fiscal year | 715.10 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 4.56 |
| Net Profit Margin % - 1st historical fiscal year | 4.42% |
| Net Profit Margin % - trailing 12 month | 4.42% |
| Operating margin - 1st historical fiscal year | 6.59% |
| Operating margin - trailing 12 month | 6.59% |
| Pretax margin - trailing 12 month | 6.33% |
| Pretax margin - 1st historical fiscal year | 6.33% |
| Operating Margin - 5 year average | 7.29% |
| Pretax Margin - 5 year average | 7.07% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 6.42% |
| Free Operating Cash Flow/Revenue, TTM | 5.55% |
| Net Profit Margin - 5 year average | 4.95% |
| Return on average assets - most recent fiscal year | 12.18% |
| Return on average assets - trailing 12 month | 12.18% |
| Return on average equity - most recent fiscal year | 29.77% |
| Return on average equity - trailing 12 month | 29.77% |
| Return on average assets - 5 year average | 13.50% |
| Return on average equity - 5 year average | 33.36% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 4.41% |
| EPS growth rate, 5 year | 0.40% |
| Growth rate% - dividend, 3 year | -3.45% |
| Revenue/share (5 yr growth) | 5.52% |
| Growth rate% - Revenue, 3 year | 4.75% |
| Growth rate% - EPS, 3 year | -2.23% |
| Book value per share growth rate, 5 year | 5.64% |
| Capital Spending growth rate, 5 year | 8.68% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 1.22% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
JB Hi-Fi Ltd (JBH) $70.28
We sold JBH in August after the trading update for July showed a decent slowdown in like-for-like sales growth, which led to negative earnings revisions. However, as we’ve discussed earlier if markets are pricing in the worst case scenario for interest rates and the Australian consumer JBH is well positioned moving into the Christmas period. This remains a premium retailer which is trading well below its 2025 and 2026 highs.
Portfolio Amendments – Active Growth & Active Income Portfolios
We are selling JB Hi-Fi (JBH) in both the Active Growth & Income Portfolios. While their FY26 result was very good, especially in the context of the year (3 rate hikes), the trading update for July shows a decent slow down, which leads to negative earnings revisions.
JB Hi-Fi Ltd (ASX: JBH) $71.65
There are some obvious pros and cons towards JBH after yesterday’s FY26 report.
JB Hi-Fi (ASX: JBH) $71.65
JB Hi-Fi -12.31%: delivered a broadly solid FY26 result, with earnings and margins largely in line with expectations and another strong dividend. However, the issue as a slowdown in fourth-quarter momentum and a weak start to FY27, sending the shares lower.
JB Hi-Fi (ASX: JBH) $81.80
We discussed JBH and the retail sector last month here after the Fair Work Commission’s decision to lift minimum and award wages, another headwind for a sector already struggling with rising interest rates and a troubled consumer. JBH isn’t as exposed as some Australian retailers to the housing slowdown, with a decent portion of its goods regarded as must-haves in today's new technology world, although the tough environment is not good for growth or margins.
JB Hi-Fi (ASX: JBH) $71.02
JBH and a number of other discretionary retail stocks were under pressure yesterday following the Fair Work Commission’s decision to lift minimum and award wages by 4.75% from 1 July. The move impacts around 2.8 million workers and has clear implications for labour-intensive sectors such as retail, hospitality and services.
JB Hi-Fi (JBH) $72.98
JBH -6.28%: was hit today after its March quarter update missed expectations, with the Australian business delivering positive but underwhelming comparable sales growth. The result was not bad in absolute terms, JB Australia and The Good Guys are still growing in a tougher retail backdrop, but the market was positioned for better, particularly given the stock’s recent bounce from the lows. The bigger concern for us was around margin pressure, with management calling out supplier cost inflation, stock shortages and heightened competition across technology categories going into an important sales period pre-June 30.
JB Hi-Fi Ltd (JBH) $75.59
We covered JBH after their 1H result last month Here. While we admire JBH as a business we remained on the sidelines during its “certainty trade” blow off top around $120 and during most of its subsequent 40% pullback, but we believe the stock now looks appealing from a risk/reward perspective, finally trading back around its long term average valuation, and ~20% below its 2-year average. This is a great example of how stocks go in and out of favour while nothing operationally changes while in this case an economic slowdown and higher interest rates already look priced in.
Portfolio Amendments – Active Growth Portfolio
We are making several changes to the Active Growth Portfolio
Action
MM is buying JBH in the Active Growth Portfolio, allocating 4% around $70
MM is now bullish towards JBH around $70
MM is selling JBH in the Active Growth & Income Portfolios, taking a loss ~$72.00
MM is neutral towards JBH around $72
MM remains long but is cautious toward JBH
MM is long and bullish towards JBH
MM remains long & bullish JBH ~$71
MM remains cautiously bullish JBH ~$73
MM is bullish JBH around $75
MM is adding to JBH in the Active Growth Portfolio, targeting a 5% portfolio weight around $74
Business Summary
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.
Lead Portfolio Manager James Gerrish discusses JB Hi-Fi (JBH), Woolworths (WOW) & Gold
Recorded 10am Wed 3rd May
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