JB Hi-Fi Limited (AU:JBH)
ASX:JBH
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JB Hi-Fi Limited
(Sydney:JBH)
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Rating:68Neutral
Price Target:
AU$76.00
▼(-0.09% Downside)
Action:Reiterated
Date:02/18/26
The score is primarily supported by solid financial fundamentals (revenue growth, stable gross margin, and manageable leverage), but is held back by declining profitability and slowing free cash flow growth. Technically, the stock shows weaker longer-term momentum (below 50/100/200-day averages with a negative MACD), while valuation is moderately supportive with a ~3% dividend yield and a mid-range P/E.
Positive Factors
Consistent Revenue Growth
Sustained revenue growth demonstrates ongoing consumer demand and the company’s ability to convert product assortment and distribution into sales. Over 2-6 months this supports scale benefits, supplier leverage, and the capacity to invest in omnichannel capabilities that underpin durable sales momentum.
Negative Factors
Declining Net & EBITDA Margins
Falling profitability metrics point to margin pressure from higher operating costs, competitive pricing, or mix shifts to lower-margin categories. Persisting margin erosion would weaken return on capital, constrain reinvestment capacity, and pressure long-term earnings power if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained revenue growth demonstrates ongoing consumer demand and the company’s ability to convert product assortment and distribution into sales. Over 2-6 months this supports scale benefits, supplier leverage, and the capacity to invest in omnichannel capabilities that underpin durable sales momentum.
Read all positive factors
JB Hi-Fi Limited (JBH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.61B
Dividend Yield2.54%
Average Volume (3M)246.75K
Price to Earnings (P/E)8.6
Beta (1Y)1.13
Revenue Growth8.60%
EPS Growth4.98%
CountryAU
Employees15,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)4.42
Shares Outstanding109,333,984
10 Day Avg. Volume259,666
30 Day Avg. Volume246,745
Financial Highlights & Ratios
PEG Ratio4.75
Price to Book (P/B)7.46
Price to Sales (P/S)1.14
P/FCF Ratio19.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$85.22Price Target Upside12.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)4.5
Revenue Forecast (FY)AU$11.14B
JB Hi-Fi Limited Business Overview & Revenue Model
Company Description
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. The company operates through three segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys. It provides computers, such as laptops, desktop PCs, iPads,...
How the Company Makes Money
JB Hi-Fi makes money primarily by retailing products sourced from third-party brands to consumers and commercial customers through its physical stores and e-commerce websites. Its core revenue stream is product sales across major categories such a...
JB Hi-Fi Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.97B | 10.55B | 9.59B | 9.63B | 9.23B | 8.92B |
| Gross Profit | 2.46B | 2.36B | 2.14B | 2.18B | 2.08B | 1.98B |
| EBITDA | 1.05B | 925.90M | 864.40M | 973.80M | 991.50M | 934.30M |
| Net Income | 482.80M | 462.40M | 438.80M | 524.60M | 544.90M | 506.10M |
Balance Sheet | ||||||
| Total Assets | 4.30B | 3.88B | 3.49B | 3.49B | 3.16B | 3.15B |
| Cash, Cash Equivalents and Short-Term Investments | 489.50M | 284.10M | 317.70M | 177.30M | 125.60M | 263.20M |
| Total Debt | 1.25B | 714.40M | 657.40M | 655.10M | 604.40M | 631.30M |
| Total Liabilities | 2.62B | 2.26B | 1.93B | 2.08B | 1.88B | 1.84B |
| Stockholders Equity | 1.68B | 1.62B | 1.56B | 1.42B | 1.28B | 1.31B |
Cash Flow | ||||||
| Free Cash Flow | 574.60M | 629.30M | 678.10M | 644.40M | 569.80M | 501.00M |
| Operating Cash Flow | 665.10M | 711.60M | 752.60M | 716.40M | 627.40M | 558.70M |
| Investing Cash Flow | -90.10M | -122.90M | -74.40M | -71.70M | -57.40M | -57.70M |
| Financing Cash Flow | -641.50M | -622.40M | -537.90M | -593.10M | -707.20M | -489.30M |
JB Hi-Fi Limited Technical Analysis
Negative
76.07
Price Trends
74.93
Negative
79.66
Negative
92.69
Negative
Market Momentum
-1.52
Positive
35.01
Neutral
18.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JBH, the sentiment is Negative. The current price of 76.07 is above the 20-day moving average (MA) of 74.36, above the 50-day MA of 74.93, and below the 200-day MA of 92.69, indicating a bearish trend. The MACD of -1.52 indicates Positive momentum. The RSI at 35.01 is Neutral, neither overbought nor oversold. The STOCH value of 18.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JBH.
JB Hi-Fi Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$7.61B | 8.60 | 29.31% | 2.54% | 8.60% | 4.98% | |
65 Neutral | AU$2.50B | 8.69 | 15.13% | 7.20% | 4.75% | -13.42% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$327.98M | 11.07 | -69.14% | 4.00% | 4.41% | -2505.17% | |
61 Neutral | AU$220.59M | 6.10 | 8.37% | 5.85% | 5.66% | -42.42% | |
60 Neutral | AU$360.07M | 9.38 | 15.11% | 2.86% | 1.86% | -5.28% | |
55 Neutral | AU$571.31M | 71.03 | 5.66% | ― | 18.85% | 20.89% |
* Consumer Cyclical Sector Average
AU:JBH
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JB Hi-Fi Limited Corporate Events
JB Hi-Fi Delivers Q3 Sales Growth Amid Cost Pressures and Competitive Headwinds
May 5, 2026
JB Hi-Fi reported solid Q3 FY26 sales growth across its core brands, with JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys all delivering positive comparable and total sales increases, while recently acquired es showed a modest improvem...
JB Hi-Fi Simplifies Capital Structure as Expiring Options Lapse
Apr 1, 2026
JB Hi-Fi Limited has notified the market of the cessation of certain options on its securities, identified under the ASX code JBHAI, following their expiry on specified dates in January and February 2026. The lapse of these options modestly simpli...
JB Hi-Fi Issues New Unquoted Options Under Employee Incentive Scheme
Apr 1, 2026
JB Hi-Fi Limited has notified the market of the issue of 426 unquoted options under its employee incentive scheme, with the options expiring on various dates and exercisable at various prices. The move reinforces the company’s ongoing use of...
JB Hi-Fi Issues Ordinary Shares on Conversion of Unquoted Securities
Mar 29, 2026
JB Hi-Fi Limited has notified the market of the conversion of a series of unquoted securities into ordinary fully paid shares. Across several dates in February and March 2026, a total of 3,968 JBH ordinary shares were issued following the exercise...
JB Hi-Fi Director Increases Indirect Shareholding via Family Trust
Mar 16, 2026
JB Hi-Fi has disclosed a change in director Christy Boyce’s indirect interest in the company’s shares. Through CVF Australia Pty Ltd, as trustee of a family trust in which she is a beneficiary, Boyce acquired 1,100 ordinary shares on m...
JB Hi-Fi Updates Interim Dividend Notice With Current FX Details
Mar 4, 2026
JB Hi-Fi Limited has updated its previously announced interim dividend notification for the six months to 31 December 2025, relating to its ordinary fully paid shares. The update, lodged with the ASX on 4 March 2026, solely reflects the current ex...
JB Hi-Fi Director Sheila Lines Increases Indirect Shareholding
Mar 3, 2026
JB Hi-Fi has disclosed a change in director Sheila Lines’ indirect shareholding, lodged with the ASX in line with governance and disclosure requirements. Through an on-market purchase executed via J.P. Morgan Nominees Australia on behalf of ...
JB Hi-Fi Director Christy Boyce Increases Indirect Shareholding
Feb 23, 2026
JB Hi-Fi Limited has disclosed a change in director Christy Boyce’s indirect shareholding, lodged with the ASX under director interest notification rules. The filing shows that Boyce, through CVF Australia Pty Ltd as trustee of a family trus...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.