JB Hi-Fi Past Earnings Performance
Past criteria checks 4/6
JB Hi-Fi's earnings have been declining at an average annual rate of -1.9%, while the Specialty Retail industry saw earnings declining at 4% annually. Revenues have been growing at an average rate of 4% per year. JB Hi-Fi's return on equity is 28.7%, and it has net margins of 4.4%.
Key information
-1.88%
Earnings growth rate
-0.64%
EPS growth rate
| Specialty Retail Industry Growth | 19.75% |
| Revenue growth rate | 4.01% |
| Return on equity | 28.69% |
| Net Margin | 4.40% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Analysis Article • Jun 17
JB Hi-Fi (ASX:JBH) Shares Could Be 12.5% Overvalued Despite Resilient Retail Narrative
Recent attention on JB Hi-Fi (ASX:JBH) has been driven by its position in consumer electronics and home appliances, together with a long record of disciplined operations and shareholder returns across different retail banners. See our latest analysis for JB Hi-Fi. At a recent share price of A$78.25, JB Hi-Fi has seen short term momentum pick up, with a 7 day share price return of 6.54% and 30 day return of 9.70%. However, the year to date share price return is down 18.70% and the 1 year total...
Narrative Update • Jun 15
JBH: Fair Value Upside Will Persist Despite Tougher Comparables Risk
Analysts have nudged their fair value estimate for JB Hi-Fi slightly lower from A$111.75 to A$110.02. This reflects a modestly adjusted discount rate and P/E outlook as some highlight tougher comparables and supply shortages in key Apple categories.Narrative Update • Jun 01
JBH: Interim Dividend Timetable Will Support Returns Despite Tighter Margin Outlook
Analysts have lowered their price target on JB Hi-Fi to A$111.75 from A$116.20, citing a more cautious stance on revenue growth, profit margins, and future P/E assumptions following recent research that highlights tougher comparables and supply shortages in key Apple categories. What's in the News Analysts revised the JB Hi-Fi price target to A$111.75 from A$116.20, reflecting updated views on revenue, margins, and P/E assumptions based on recent research.
Narrative Update • May 03
JBH: Higher Discount Rate And Rich P/E Will Sustain Overvaluation Risk
Analysts have trimmed their JB Hi-Fi price target from about A$61.97 to A$60.16, reflecting small tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E multiples. What's in the News JB Hi-Fi's board declared an estimated fully franked interim dividend of A$2.10 per share for the six months ended 31 December 2025, giving investors clarity on the next upcoming cash return.Narrative Update • Apr 18
JBH: Interim Dividend Timetable Will Support Future Returns Outlook
Analysts have trimmed their price target for JB Hi-Fi to A$116.20 from A$118.18, reflecting updated assumptions that include a slightly higher discount rate, a modestly lower revenue growth outlook, a small uplift in profit margin and a marginally lower future P/E multiple. What's in the News JB Hi-Fi's board declared an estimated fully franked interim dividend of A$2.10 per share for the six months ended 31 December 2025, signaling a planned cash return to shareholders for that period (Key Developments).Narrative Update • Apr 04
JBH: Future Dividend Timetable Will Support Long Term Global Demand
Analysts have reduced their price target for JB Hi-Fi from A$122.00 to about A$118.18. This reflects updated assumptions that include a modestly higher discount rate, a lower revenue growth outlook, broadly similar profit margins, and a slightly reduced future P/E multiple.Narrative Update • Mar 21
JBH: Index Inclusions And Rich Future P/E Will Sustain Overvaluation Risk
Analysts have revised their price target for JB Hi-Fi to around A$62 per share. The refreshed view reflects updated assumptions on the discount rate, modest revenue growth expectations, profit margins, and a slightly lower future P/E multiple.
Narrative Update • Mar 06
JBH: Index Additions And Dividend Outlook Will Support A Positive Future
Analysts have reduced their JB Hi Fi price target by about A$9 to reflect slightly lower assumptions for revenue growth, profit margins and future P/E multiples, alongside a marginally higher discount rate. What's in the News Board declares an estimated fully franked interim dividend of 210 cents per share for the six months ended 31 December 2025, with a record date of 27 February 2026, ex date of 26 February 2026 and payment date of 13 March 2026 (company announcement).Narrative Update • Feb 20
JBH: Index Inclusions And Rich Future P/E Will Sustain Overvaluation Risk
Analysts have reduced their JB Hi-Fi price target from A$69.25 to A$61.97, linking the change to updated assumptions for slightly lower revenue growth and a lower future P/E multiple, while keeping profit margin expectations broadly in line. What's in the News The board has declared an estimated fully franked interim dividend of 210 cents per share for the six months ended 31 December 2025, with a record date of 27 February 2026, an ex date of 26 February 2026, and a payment date of 13 March 2026 (company announcement).Narrative Update • Feb 06
JBH: Index Additions Will Sustain Rich P/E And Prolong Overvaluation Risk
The analyst price target for JB Hi-Fi has edged lower from around A$70.37 to about A$69.25. Analysts link the adjustment to updated fair value estimates, a slightly higher discount rate and refreshed assumptions on revenue growth, profit margin and future P/E.Narrative Update • Jan 22
JBH: Index Additions Will Drive Richer P/E And Heighten Overvaluation Risk
Analysts have raised their price target for JB Hi-Fi to A$70.37 from A$61.97, citing updated assumptions for revenue growth, profit margins and a higher forward P/E multiple. What's in the News JB Hi-Fi Limited (ASX:JBH) has been added to the S&P Global 1200 index, increasing its visibility to global index investors and ETF products (Key Developments).Narrative Update • Jan 08
JBH: Index Inclusions And Stable Assumptions Will Shape A Balanced Outlook
Analysts have kept their JB Hi-Fi fair value estimate steady at A$102.05 per share, with only small shifts in discount rate, revenue growth, profit margin and future P/E assumptions. These changes reflect fine tuning rather than a change in overall view.Analysis Article • Jan 06
Unpleasant Surprises Could Be In Store For JB Hi-Fi Limited's (ASX:JBH) Shares
It's not a stretch to say that JB Hi-Fi Limited's ( ASX:JBH ) price-to-earnings (or "P/E") ratio of 22.2x right now...Narrative Update • Dec 25
JBH: Index Inclusions Will Support Long Term Global Demand
Analysts have trimmed their price target on JB Hi-Fi from A$124.00 to A$122.00, reflecting a slightly higher discount rate and a modestly softer long term margin outlook that more than offset upgraded revenue growth forecasts. What's in the News JB Hi-Fi Limited is being added to the S&P Global 1200 index, potentially broadening its visibility and appeal to global index and ETF investors (Key Developments).Narrative Update • Dec 11
JBH: Modest Discount Rate Shift Will Support Stronger Future Performance Outlook
Analysts have nudged their price target on JB Hi-Fi slightly lower to approximately $102.05 per share from about $102.12. This reflects a modest uptick in the assumed discount rate that only partially offsets small improvements in forecast revenue growth, profit margins and future valuation multiples.Analysis Article • Dec 05
A Look Into JB Hi-Fi's (ASX:JBH) Impressive Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Narrative Update • Nov 26
JBH: Market Dynamics Will Shape Sustainability of Current Fair Performance
Analysts have raised their price target for JB Hi-Fi from $100.23 to $102.12. This reflects slight adjustments to growth and profitability forecasts in response to evolving market expectations.Analysis Article • Nov 04
Is It Time To Consider Buying JB Hi-Fi Limited (ASX:JBH)?
While JB Hi-Fi Limited ( ASX:JBH ) might not have the largest market cap around , it saw significant share price...Analysis Article • Oct 09
JB Hi-Fi Limited (ASX:JBH) Shares Could Be 20% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, JB Hi-Fi fair value estimate is AU$143 JB Hi-Fi is estimated...Analysis Article • Aug 27
Weekly Picks: 💸 A dividend-rich sleep-tech play few investors are watching, and 2 other picks.
The main catalyst behind Sleep Cycle’s upside potential, why JB Hi-Fi might have lost its point of difference, and the bear, base and bull case for Figma.Analysis Article • Aug 19
JB Hi-Fi (ASX:JBH) Is Increasing Its Dividend To A$2.05
The board of JB Hi-Fi Limited ( ASX:JBH ) has announced that it will be paying its dividend of A$2.05 on the 5th of...Narrative Update • Aug 15
Supply Chain Improvements And E&S Acquisition Will Strengthen Future Operations
The increase in consensus price target for JB Hi-Fi primarily reflects a slight upward revision in revenue growth forecasts, resulting in a higher fair value estimate of A$100.23. Valuation Changes Summary of Valuation Changes for JB Hi-Fi The Consensus Analyst Price Target has risen from A$94.85 to A$100.23.
New Narrative • Aug 04
Has JB Hi-Fi Lost Its Point of Difference?
I may be showing my age here, but I feel that a decade or so ago, shopping at JB Hi-Fi was a different experience. There seemed to be a deliberate policy of employing sales staff from alternative subcultures, which gave the stores a unique, edgy vibe.Analysis Article • Jul 24
We Like JB Hi-Fi's (ASX:JBH) Returns And Here's How They're Trending
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
New Narrative • Feb 23
Supply Chain Improvements And E&S Acquisition Will Strengthen Future Operations
Acquisition of e&s and strategic memberships are set to boost revenue growth and expand JB Hi-Fi's customer base.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How JB Hi-Fi makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 10,970 | 483 | 1,634 | 0 |
| 30 Sep 25 | 10,762 | 473 | 1,602 | 0 |
| 30 Jun 25 | 10,555 | 462 | 1,569 | 0 |
| 31 Mar 25 | 10,328 | 461 | 1,527 | 0 |
| 31 Dec 24 | 10,101 | 460 | 1,485 | 0 |
| 30 Sep 24 | 9,847 | 449 | 1,450 | 0 |
| 30 Jun 24 | 9,592 | 439 | 1,415 | 0 |
| 31 Mar 24 | 9,551 | 449 | 1,397 | 0 |
| 31 Dec 23 | 9,510 | 459 | 1,380 | 0 |
| 30 Sep 23 | 9,568 | 492 | 1,363 | 0 |
| 30 Jun 23 | 9,626 | 525 | 1,346 | 0 |
| 31 Mar 23 | 9,638 | 556 | 1,322 | 0 |
| 31 Dec 22 | 9,649 | 587 | 1,298 | 0 |
| 30 Sep 22 | 9,440 | 566 | 1,262 | 0 |
| 30 Jun 22 | 9,232 | 545 | 1,226 | 0 |
| 31 Mar 22 | 9,034 | 511 | 1,211 | 0 |
| 31 Dec 21 | 8,837 | 476 | 1,197 | 0 |
| 30 Sep 21 | 8,876 | 491 | 1,189 | 0 |
| 30 Jun 21 | 8,916 | 506 | 1,181 | 0 |
| 31 Mar 21 | 8,891 | 478 | 1,184 | 0 |
| 31 Dec 20 | 8,865 | 449 | 1,188 | 0 |
| 30 Sep 20 | 8,392 | 376 | 1,176 | 0 |
| 30 Jun 20 | 7,919 | 302 | 1,165 | 0 |
| 31 Mar 20 | 7,583 | 281 | 1,135 | 0 |
| 31 Dec 19 | 7,247 | 260 | 1,105 | 0 |
| 30 Sep 19 | 7,171 | 255 | 1,093 | 0 |
| 30 Jun 19 | 7,095 | 250 | 1,082 | 0 |
| 31 Mar 19 | 7,052 | 246 | 1,074 | 0 |
| 31 Dec 18 | 7,008 | 242 | 1,067 | 0 |
| 30 Sep 18 | 6,931 | 237 | 1,055 | 0 |
| 30 Jun 18 | 6,854 | 233 | 1,043 | 0 |
| 31 Mar 18 | 6,778 | 223 | 1,037 | 0 |
| 31 Dec 17 | 6,702 | 214 | 1,030 | 0 |
| 30 Sep 17 | 6,165 | 193 | 947 | 0 |
| 30 Jun 17 | 5,628 | 172 | 865 | 0 |
| 31 Mar 17 | 5,041 | 170 | 768 | 0 |
| 31 Dec 16 | 4,454 | 167 | 670 | 0 |
| 30 Sep 16 | 4,204 | 160 | 638 | 0 |
| 30 Jun 16 | 3,955 | 152 | 606 | 0 |
| 31 Mar 16 | 3,879 | 148 | 595 | 0 |
| 31 Dec 15 | 3,804 | 143 | 584 | 0 |
| 30 Sep 15 | 3,728 | 140 | 573 | 0 |
| 30 Jun 15 | 3,652 | 137 | 562 | 0 |
Quality Earnings: JBH has high quality earnings.
Growing Profit Margin: JBH's current net profit margins (4.4%) are lower than last year (4.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: JBH's earnings have declined by 1.9% per year over the past 5 years.
Accelerating Growth: JBH's earnings growth over the past year (5%) exceeds its 5-year average (-1.9% per year).
Earnings vs Industry: JBH earnings growth over the past year (5%) exceeded the Specialty Retail industry 2.8%.
Return on Equity
High ROE: JBH's Return on Equity (28.7%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/20 11:48 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
JB Hi-Fi Limited is covered by 26 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Kierath | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Chamithri Ratnapala | Bell Potter |