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Australian consumer-electronics and home-appliance retailer operating the JB Hi-Fi and The Good Guys store chains.
Australian consumer-electronics and home-appliance retailer operating the JB Hi-Fi and The Good Guys store chains.
Buys in bulk and sells at low prices through lean stores, earning a thin margin on high volumes of consumer electronics and appliances. The Good Guys, bought in 2016, adds appliances through a different store format. Sales are mostly in Australia, with some in New Zealand.
In one line: Australia's Best Buy.
Moat: narrow (scale, brand, distribution). Scale buying power and a low-cost operating model versus smaller electronics retailers.
Headquarters: Melbourne, Australia · Founded: 1974 · Employees: 17,000
Size JB Hi-Fi (JBH.AX) is an Australia Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $5.86B, the 60th largest of 316 Australia companies the cockpit tracks. Shares closed at A$77.41 on 6 Nov 2026.
Performance Over six months the shares gained 8.4%, against +12.7% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 11 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +5.3%); the operating margin is 7.5% (peer median 4.3%).
Valuation It trades at 18.1× forward earnings against a peer median of 18.8× (5th cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 15.6 points above its cost of capital (11.5% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$11.1B | A$11.1B | A$10.6B | A$9.59B | A$9.63B |
| Revenue growth | — | +5% | +10% | 0% | — |
| Gross profit | A$2.48B | A$2.48B | A$2.36B | A$2.14B | A$2.18B |
| EBITDA | A$1.10B | A$1.10B | A$1.05B | A$960M | A$1.06B |
| Net income | A$490M | A$490M | A$462M | A$439M | A$525M |
| Free cash flow | A$614M | A$614M | A$629M | A$678M | A$644M |
| Capital expenditure | A$87.5M | A$87.5M | A$82.3M | A$74.5M | A$72.0M |
| Total debt | n/a | A$705M | A$714M | A$657M | A$655M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| JB Hi-Fi JBH.AX | $5.86B | +8% | +5% | 7% | 18.1× | 6.7% |
| Harvey Norman HVN.AX | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JBH.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.4% | +1.6% | 2nd highest of 11 |
| 6-month return | +8.4% | +12.7% | 6th highest of 11 |
| Distance from 52-week high | -23.3% | -12.5% | 3rd lowest of 11 |
| Revenue growth (TTM) | +4.8% | +5.3% | 5th lowest of 10 |
| Operating margin | 7.5% | 4.3% | 3rd highest of 11 |
| Forward P/E | 18.1× | 18.8× | 5th cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 6.7% | -3.0% | 4th most demanding of 10 |
| Growth delivered (Del g) | +4.4% | -0.7% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | +2.3 pp | +4.8 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +15.6 pp | +3.3 pp | 3rd highest of 10 |
| EV / EBITDA | 8.1× | 8.5× | 4th cheapest of 8 |
| Net debt / EBITDA | 0.5× | 0.9× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JB Hi-Fi JBH.AX | Australia | $5.86B | +8% | +5% | 7% | 18.1× | 6.7% | +4.4% |
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% | -0.7% |
| GameStop GME | United States | $12.7B | +3% | -8% | 14% | 25.4× | 18.7% | -6.5% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | n/a | -14.2% | +13.4% |
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | n/a | n/a | n/a |
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% | +5.1% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 22.5× | -5.2% | +13.1% |
| Best Buy BBY | United States | $20.9B | +70% | +1% | 4% | 14.2× | 3.0% | -2.5% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% | +0.7% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% | -0.8% |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 106.3× | -3.0% | -28.0% |