JB Hi-Fi Limited

ASX:JBH Stock Report

Market Cap: AU$9.8b

JB Hi-Fi Valuation

Is JBH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JBH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JBH (A$90.06) is trading above our estimate of fair value (A$81.09)

Significantly Below Fair Value: JBH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JBH?

Key metric: As JBH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JBH. This is calculated by dividing JBH's market cap by their current earnings.
What is JBH's PE Ratio?
PE Ratio22.4x
EarningsAU$438.80m
Market CapAU$9.85b

Price to Earnings Ratio vs Peers

How does JBH's PE Ratio compare to its peers?

The above table shows the PE ratio for JBH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.7x
PMV Premier Investments
21x4.4%AU$5.4b
SUL Super Retail Group
13.6x2.9%AU$3.3b
APE Eagers Automotive
11.4x1.8%AU$3.0b
HVN Harvey Norman Holdings
16.7x9.1%AU$5.9b
JBH JB Hi-Fi
22.4x3.1%AU$9.8b

Price-To-Earnings vs Peers: JBH is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (15.7x).

Price to Earnings Ratio vs Industry

How does JBH's PE Ratio compare vs other companies in the AU Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
JBH 22.4xIndustry Avg. 17.2xNo. of Companies3PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JBH is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the Australian Specialty Retail industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is JBH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JBH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: JBH is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JBH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$90.06
AU$74.60
-17.2%
15.8%AU$98.00AU$41.00n/a15
Nov ’25AU$81.83
AU$71.96
-12.1%
15.6%AU$87.00AU$41.00n/a15
Oct ’25AU$81.41
AU$68.63
-15.7%
17.8%AU$87.00AU$37.50n/a15
Sep ’25AU$79.57
AU$65.98
-17.1%
18.0%AU$85.00AU$37.50n/a15
Aug ’25AU$70.30
AU$59.04
-16.0%
16.8%AU$74.00AU$37.50n/a15
Jul ’25AU$60.81
AU$56.75
-6.7%
14.4%AU$68.50AU$37.50n/a15
Jun ’25AU$58.23
AU$56.75
-2.5%
14.4%AU$68.50AU$37.50n/a15
May ’25AU$59.92
AU$57.23
-4.5%
14.0%AU$70.00AU$37.50n/a15
Apr ’25AU$64.25
AU$57.23
-10.9%
14.0%AU$70.00AU$37.50n/a15
Mar ’25AU$60.15
AU$56.97
-5.3%
14.4%AU$70.00AU$37.50n/a15
Feb ’25AU$56.50
AU$49.47
-12.4%
19.3%AU$68.50AU$36.50n/a14
Jan ’25AU$53.03
AU$46.05
-13.2%
17.4%AU$68.50AU$36.50n/a14
Dec ’24AU$47.76
AU$45.91
-3.9%
17.3%AU$68.50AU$36.50n/a14
Nov ’24AU$45.48
AU$45.91
+0.9%
17.3%AU$68.50AU$36.50AU$81.8314
Oct ’24AU$45.42
AU$46.48
+2.3%
16.6%AU$68.50AU$36.50AU$81.4114
Sep ’24AU$45.91
AU$46.77
+1.9%
15.5%AU$68.50AU$36.50AU$79.5716
Aug ’24AU$46.53
AU$45.41
-2.4%
19.2%AU$75.20AU$35.50AU$70.3016
Jul ’24AU$43.75
AU$46.17
+5.5%
19.5%AU$75.20AU$35.50AU$60.8116
Jun ’24AU$42.40
AU$47.05
+11.0%
18.8%AU$75.20AU$35.50AU$58.2316
May ’24AU$45.18
AU$46.69
+3.3%
19.9%AU$75.20AU$35.50AU$59.9215
Apr ’24AU$42.47
AU$46.57
+9.7%
19.3%AU$75.20AU$35.50AU$64.2516
Mar ’24AU$42.32
AU$46.88
+10.8%
19.5%AU$75.20AU$35.50AU$60.1516
Feb ’24AU$47.99
AU$46.71
-2.7%
19.4%AU$75.20AU$35.50AU$56.5016
Jan ’24AU$41.95
AU$44.26
+5.5%
18.7%AU$70.90AU$34.50AU$53.0316
Dec ’23AU$44.92
AU$45.04
+0.3%
19.8%AU$70.90AU$34.50AU$47.7615
Nov ’23AU$43.57
AU$45.04
+3.4%
19.8%AU$70.90AU$34.50AU$45.4815

Analyst Forecast: Target price is lower than the current share price.

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