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JB Hi-Fi Limited
(Sydney:JBH)
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Rating:68Neutral
Price Target:
AU$84.00
â–²(10.42% Upside)
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
Stable gross margin & revenue growth
Consistent revenue growth and a stable ~22% gross margin support durable unit economics for retail operations. This stability underpins predictable gross profit, helps absorb promotional cycles, and sustains core retail profitability over the medium term (2–6 months).
Negative Factors
Margin compression at the bottom line
Declining net, EBIT and EBITDA margins reduce operating leverage and the firm's ability to convert gross profit into shareholder returns. Persistent margin erosion signals structural cost or competitive pressures that could limit long-term profitability unless addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable gross margin & revenue growth
Consistent revenue growth and a stable ~22% gross margin support durable unit economics for retail operations. This stability underpins predictable gross profit, helps absorb promotional cycles, and sustains core retail profitability over the medium term (2–6 months).
Read all positive factors
JB Hi-Fi Limited (JBH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.46B
Dividend Yield2.54%
Average Volume (3M)246.75K
Price to Earnings (P/E)17.4
Beta (1Y)1.19
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 Ratio4.76
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$83.35Price Target Upside9.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)4.55
Revenue Forecast (FY)AU$11.53B
JB Hi-Fi Limited Business Overview & Revenue Model
Company Description
JB Hi-Fi Limited, an Australian-headquartered company established in 1974, stands as a prominent retailer of consumer goods for the home. The company operates through its key divisions: JB Hi-Fi (serving both Australia and New Zealand) and The Goo...
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
75.28
Positive
76.29
Positive
87.11
Negative
Market Momentum
1.47
Positive
48.53
Neutral
31.01
Neutral
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 below the 20-day moving average (MA) of 77.78, above the 50-day MA of 75.28, and below the 200-day MA of 87.11, indicating a neutral trend. The MACD of 1.47 indicates Positive momentum. The RSI at 48.53 is Neutral, neither overbought nor oversold. The STOCH value of 31.01 is Neutral, 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$8.46B | 17.41 | 29.31% | 2.54% | 8.60% | 4.98% | |
65 Neutral | AU$180.80M | 11.96 | 16.49% | 6.98% | 1.50% | 1.68% | |
65 Neutral | AU$2.90B | 14.68 | 15.13% | 7.20% | 4.75% | -13.42% | |
63 Neutral | AU$5.78B | 10.30 | 11.55% | 3.73% | 9.50% | 29.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$413.61M | -10.69 | -69.14% | 4.00% | 4.41% | -2505.17% | |
60 Neutral | AU$381.85M | 13.44 | 15.11% | 2.86% | 1.86% | -5.28% |
* Consumer Cyclical Sector Average
AU:JBH
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JB Hi-Fi Limited Corporate Events
JB Hi-Fi Clears Lapsed Options, Trims Potential Dilution
Jul 2, 2026
JB Hi-Fi Limited has notified the market of the cessation of several tranches of employee or management options listed under the ASX code JBHAI. The options, which had various expiry dates and exercise prices, lapsed on 2 April, 30 April, and 29 M...
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...
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.