Jefferies Financial Group Inc.
JEFHIGH VELOCITYFILING INTENSITYJefferies Financial Group Inc. reads as an High Velocity (composite 78/100); Transformational Buyer deploying $1B across 2 disclosed transactions, newly disclosed vs the prior cycle · primary market Financial Infrastructure.
Lens
Disclosed M&A capital (2023–2025)
$1.4B
vs N/A in 2020–2022
Disclosed transactions
2
1/3 active fiscal years in window
Buyer archetype
Transformational Buyer
Episodic but very large disclosed transactions drive the profile.
Composite score
78
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $17.5B disclosed buyer spend
- Filed within 28d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 28d
- 453 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 182 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 182 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 182 activism filings
- Latest activism 2y ago
Distress Watch
Issuers showing financial-distress filing patterns
- 182 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 1 auditor change
- Latest event 9.1y ago; heavily discounted
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 453 8-Ks
- Filed within 28d
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $31.2B
- 10-Q 49d ago
- 3 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,392M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | 2 | $1.4B | $696M | N/A |
| 2022 | N/A | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On33%
- Geographic Expansion33%
- Platform33%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- bolt_on
- platform
- geographic_expansion
- tuck_in
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“Due to the unique circumstances surrounding the Company’s 2009 acquisition described above, the fair value of the net assets acquired exceeded the amount paid by $49,300,000; the bargain purchase was recognized as a gain on the date of acquisition and included in investment and other income.”
“Under GAAP, upon consolidation the Company was required to record Keen’s assets and liabilities at fair value, and was required to adjust the carrying value of the Company’s equity investment immediately prior to the acquisition to fair value.”
“The aggregate purchase price will be equal to the sum of the fair value of the Company’s common shares issued at closing...”
“The aggregate purchase price ($4,770.6 million) equaled the sum of the fair value of our common shares issued at closing, the fair value of employee stock based awards attributable to periods prior to closing, the fair value of the Jefferies common stock owned by us and the redemption value of the new series of preferred shares issued at closing, which represents its fair value.”
“The Jefferies acquisition was accounted for using the acquisition method of accounting.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Financial Infrastructure
- Market spend (2023–2025)
- $186.1B
- Market spend (2020–2022)
- $98.1B
- Recent vs prior
- +90%
- Issuer rank in market
- N/A
- Share of market capital
- 0.0%
Valuation positioning
JEF trades at a +11.5-turn premium to the Financial Infrastructure peer median of 16.2×.
- EV / Revenue
- 2.8×
- Net debt / EBITDA
- -8.9×
- Peer median EV / EBITDA
- 16.2×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
Jefferies Financial Group Inc.JEF | 27.8× | 2.8× | -8.9× | $11.2B | $1.4B |
| 22.0× | 14.5× | -0.4× | $43B | $1.8B | |
| 21.4× | 10.8× | 1.4× | $7.9B | $451M | |
| 16.2× | 8.2× | 3.2× | $13.1B | $10.3B | |
| 10.9× | 3.9× | 5.4× | $8.8B | $5.1B | |
| 2.3× | 2.7× | -1.1× | $187B | $81.8B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Financial Infrastructure. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)502026-01-28
- 10-Q (quarterly)972026-04-07
- 8-K (event)4532026-04-28
- Proxy / DEF 14A622026-02-23
- Activism (13D / DFAN / PREC)1822024-06-05
Signals on file
- elevated
Auditor change
2017-04-171 Item 4.01 filing on file; certifying accountant change.
- elevated
Activism on file
2024-06-05182 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Restatement risk
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.