JB HI-FI LIMITED (JBH)
Share Price Analysis and Chart

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JBH

JBH - JB HI-FI LIMITED

FNArena Sector : Consumer Electronics
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 0.68
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

JB HiFi is an Australian retail chain specialising in consumer electronics and whitegoods. Originally formed in 1974 in Victoria, the company was aquired by private equiry and floated on the ASX in 2003. It acquired The Good Guys in late 2016. JB Hi-Fi is one of the lowest cost operators of its kind globally.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$81.94

26 Feb
2026

-0.020

OPEN

$81.50

-0.02%

HIGH

$82.37

393,551

LOW

$81.02

TARGET
$96.557 17.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . HVN .
FNARENA'S MARKET CONSENSUS FORECASTS
JBH: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 423.1 460.3 xxx
DPS (cps) xxx 375.0 346.2 xxx
EPS Growth xxx 5.4% 8.8% xxx
DPS Growth xxx 10.0% - 7.7% xxx
PE Ratio xxx N/A 17.8 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 88.6% 75.2% xxx

Dividend yield today if purchased 3 years ago: 8.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.57

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 21/08 - ex-div 105.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx423.1
DPS All xxxxxxxxxxxxxxx375.0
Sales/Revenue xxxxxxxxxxxxxxx10,554.8 M
Book Value Per Share xxxxxxxxxxxxxxx1,478.6
Net Operating Cash Flow xxxxxxxxxxxxxxx711.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.12 %
Return on Invested Capital xxxxxxxxxxxxxxx22.29 %
Return on Assets xxxxxxxxxxxxxxx11.65 %
Return on Equity xxxxxxxxxxxxxxx29.12 %
Return on Total Capital xxxxxxxxxxxxxxx34.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx243.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx201 M
Long Term Debt xxxxxxxxxxxxxxx513 M
Total Debt xxxxxxxxxxxxxxx714 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx284 M
Price To Book Value xxxxxxxxxxxxxxx7.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx82.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,194 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,569 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

17/02/2026

1

Upgrade to Buy from Neutral

$94.00

14.72%

JB Hi-Fi has endured a significant share price decline since its FY25 result as concerns intensified about cycling the tough December quarter, including from UBS.

Commentary acknowledges these fears did not materialise, with the 1H26 result in line with consensus.

The forecast FY26 PE multiple has de-rated significantly from the FY25 result, UBS notes, but is still one deviation higher than the long term trend. This is justified, in the broker's view, given the increasingly evident resilience of JB Hi-Fi's earnings growth,

Given share price performance, a 1H26 result above UBS, and confidence on being able to enjoy a higher earnings multiple versus history, the risk-reward now appears attractive. UBS upgrades to Buy from Neutral. Target unchanged at $94.

FORECAST
UBS forecasts a full year FY26 dividend of 345.00 cents and EPS of 459.00 cents.
UBS forecasts a full year FY27 dividend of 365.00 cents and EPS of 487.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/02/2026

2

Upgrade to Overweight from Neutral

$88.90

8.49%

JB Hi-Fi posted a first half result that was better than feared and Jarden finds a lot to like in the outlook. While in the second half business has slowed, the broker expects this will be short lived as there are a number of catalysts ahead.

Jarden expects minimal impact on demand from inflation given the essential nature of PCs, which will be affected. Rating is upgraded to Overweight from Neutral.

The broker also notes the strength of The Good Guys result, with steady share in a competitive market. Target is reduced to $88.90 from $96.80.

FORECAST
Jarden forecasts a full year FY26 dividend of 441.00 cents and EPS of 466.20 cents.
Jarden forecasts a full year FY27 dividend of 363.00 cents and EPS of 496.00 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

FNArena News on JBH

1
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-02-26

Feb 20 2026 - Weekly Reports
4
Rudi’s View: More Surprises, Led By CBA & BHP

Feb 19 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Feb 19, 2026

Feb 19 2026 - Daily Market Reports

Latest Consumer Electronics News

1
Rudi’s View: Antipa, Computershare, IPH, Lynas, Macquarie, Rio Tinto & More

Nov 13 2025 - Rudi's View
2
JB Hi-Fi’s Re-Rating Triggers Valuation Dilemma

Aug 13 2025 - Australia
3
Can JB Hi-Fi Maintain Its Strength?

Feb 12 2025 - Australia
4
JB Hi-Fi’s Uptrend Continues

Feb 04 2025 - Technicals
5
Go Harvey Go!

Jan 28 2025 - Technicals
6
A Break-Out Opportunity From JB Hi-Fi

Nov 12 2024 - Technicals
7
In Brief: Retailers That Rock, James Hardie & Infomedia

Nov 08 2024 - Weekly Reports
8
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Sep 03 2024 - Australia
9
In Brief: Gen.Ai & Star Stocks Shine This Week

Aug 16 2024 - Weekly Reports
10
JB Hi-Fi Does It Again

Aug 13 2024 - Australia