We’ve recently updated our valuation analysis.

JB Hi-Fi Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

JBH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA6.9x
PEG Ratio-1.1x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average11x
PMV Premier Investments
15.4x1.6%AU$4.4b
HVN Harvey Norman Holdings
6.9x-10.8%AU$5.6b
APE Eagers Automotive
9.7x-5.1%AU$2.9b
SUL Super Retail Group
12.1x-1.4%AU$2.9b
JBH JB Hi-Fi
9.8x-9.2%AU$5.4b

Price-To-Earnings vs Peers: JBH is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (11x).


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
Industry Avg.n/a1.2%
n/an/an/a

Price-To-Earnings vs Industry: JBH is good value based on its Price-To-Earnings Ratio (9.8x) compared to the Australian Specialty Retail industry average (11x)


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 Ratio9.8x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: JBH is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).


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$49) is trading above our estimate of fair value (A$47.88)

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


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$49.00
AU$46.71
-4.7%
19.4%AU$75.20AU$35.50n/a16
Jan ’24AU$41.95
AU$44.26
+5.5%
18.7%AU$70.90AU$34.50n/a16
Dec ’23AU$44.92
AU$45.04
+0.3%
19.8%AU$70.90AU$34.50n/a15
Nov ’23AU$43.57
AU$45.04
+3.4%
19.8%AU$70.90AU$34.50n/a15
Oct ’23AU$37.96
AU$45.24
+19.2%
19.2%AU$70.90AU$34.50n/a15
Sep ’23AU$39.82
AU$45.24
+13.6%
19.2%AU$70.90AU$34.50n/a15
Aug ’23AU$42.30
AU$45.60
+7.8%
19.0%AU$70.90AU$34.50n/a15
Jul ’23AU$38.06
AU$49.54
+30.2%
19.5%AU$70.90AU$32.00n/a15
Jun ’23AU$46.01
AU$53.07
+15.3%
16.8%AU$70.90AU$32.00n/a15
May ’23AU$52.97
AU$53.59
+1.2%
16.9%AU$70.90AU$32.00n/a15
Apr ’23AU$53.22
AU$53.48
+0.5%
16.4%AU$70.90AU$32.00n/a16
Mar ’23AU$50.01
AU$53.42
+6.8%
14.2%AU$69.00AU$32.00n/a16
Feb ’23AU$46.47
AU$52.42
+12.8%
15.7%AU$69.00AU$32.00n/a16
Jan ’23AU$48.32
AU$51.28
+6.1%
14.9%AU$65.00AU$31.00AU$41.9516
Dec ’22AU$47.23
AU$51.34
+8.7%
14.9%AU$65.00AU$31.00AU$44.9216
Nov ’22AU$50.70
AU$51.50
+1.6%
15.2%AU$65.00AU$31.00AU$43.5715
Oct ’22AU$45.27
AU$51.55
+13.9%
15.3%AU$65.00AU$31.00AU$37.9614
Sep ’22AU$45.81
AU$51.74
+12.9%
15.4%AU$65.00AU$31.00AU$39.8214
Aug ’22AU$48.04
AU$50.64
+5.4%
14.7%AU$65.00AU$31.00AU$42.3014
Jul ’22AU$50.10
AU$49.94
-0.3%
14.9%AU$65.00AU$30.00AU$38.0614
Jun ’22AU$48.13
AU$49.38
+2.6%
15.2%AU$65.00AU$30.00AU$46.0115
May ’22AU$46.28
AU$49.15
+6.2%
15.2%AU$65.00AU$30.00AU$52.9715
Apr ’22AU$51.01
AU$49.95
-2.1%
15.0%AU$65.00AU$30.00AU$53.2215
Mar ’22AU$44.62
AU$50.88
+14.0%
13.6%AU$61.20AU$30.00AU$50.0116
Feb ’22AU$50.74
AU$50.07
-1.3%
13.7%AU$61.20AU$30.00AU$46.4714
Jan ’22AU$48.62
AU$46.64
-4.1%
13.4%AU$56.40AU$29.00AU$48.3214

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


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