JB Hi-Fi Limited (JBH.AX)

DCF Valuation · Consumer Cyclical · Specialty Retail

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About JB Hi-Fi Limited

JB Hi-Fi Limited retails home consumer products. The company operates through four segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, The Good Guys, and e&s. It provides computers and tablets; IT accessories and PC parts; headphones, speakers, and audio; smart homes; mobile phones; home appliances comprising large and small appliances, and personal care devices; gaming devices; turntables and vinyl accessories; and collectibles and merchandise, such as trading cards.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

JB Hi-Fi Limited JBH.AX

Consumer Cyclical · Specialty Retail

Price
$81.12
Market Cap
$8.87B
Free Cash Flow
$0.52B
Beta
0.85
P/E (TTM)
18.4x
52-Week Range
$67.38–$121.00

JB Hi-Fi Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-14

Share price · last 2 years

$81.13 +2% vs 2024-08
ASX 200 $79.57$101.51$110.35$97.72$76.98$81.13 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

$4.21 -12% vs FY22
$4.77$4.78$4.00$4.21FY22FY23FY24FY25

Free cash flow Per year

$0.63B +10% vs FY22
$0.57B$0.64B$0.68B$0.63BFY22FY23FY24FY25

Dividend per share Per year

$3.52 +29% vs FY22
$2.72$3.49$2.72$3.52FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Strong Fit
15 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for JBH.AX →

Intrinsic value estimate · 5-year forecast

BEAR
$61.74
vs current $81.12
-23.9% ❌ Overvalued
BASE
$82.99
vs current $81.12
+2.3% ⚠️ Fairly Valued
BULL
$113.84
vs current $81.12
+40.3% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.52B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.85
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
5.40%
Synthetic rating AAA, ICR 182.3x
Tax rate
25.00%
Estimated default
Capital structure
E 92% / D 8%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth3.6%7.2%10.8%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)10.45%9.45%8.45%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.85 × 6.00% = 9.90% · WACC = weighted by 92%/8% capital structure

These numbers come from running JB Hi-Fi Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or JBH.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with JBH.AX →

More ASX stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is JB Hi-Fi Limited (JBH.AX) undervalued?

The Base-case DCF estimates intrinsic value at $82.99 vs a price of $81.12 on 2026-08-14 — a +2.3% margin, so the Base case reads fairly valued. This is a mechanical output, not advice.