Jackson Financial Inc. (JXN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+493.0%

$824.63

vs $139.06 price

Levered DCF

$3,551.67

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.04

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-444.38×	7.34×	4.76×	0.48×	1.17×	-1.82×	-5.98×	1.5×
P/B	0.75×	0.66×	0.42×	0.34×	0.36×	0.32×	0.43×	0.4×
P/S	1.12×	2.1×	1.35×	0.31×	0.67×	0.64×	0.85×	0.22×
EV / EBITDA	-455.61×	4.23×	5.26×	0.39×	1.17×	-0.53×	-5.32×	-0.27×
Gross margin	85.5%	77.3%	77.9%	91.6%	90.7%	-25.8%	8.4%	25.9%
Operating margin	-1.7%	33.1%	30.3%	79.6%	79.0%	-53.7%	-23.2%	17.5%
Net margin	0.4%	30.6%	29.5%	63.6%	62.1%	-35.2%	-14.2%	14.5%
Current ratio	4.52×	0×	3.17×	0×	0×	1.8×	0×	32.77×
Debt / equity	0.46×	0.21×	0.4×	0.51×	0.39×	0.03×	0.39×	0.04×
Interest coverage	-1.14×	10.12×	5.18×	68.44×	117.43×	-28.31×	-8.19×	27.76×
Dividend yield	3.6%	3.9%	5.5%	6.3%	1.3%	0.0%	96.8%	15.1%
Payout ratio	988.9%	27.0%	25.3%	3.0%	1.5%	0.0%	-578.5%	22.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.3%	9.7%	9.2%	71.5%	32.9%	-17.3%	-7.3%	26.6%
Return on invested capital	0.0%	0.3%	0.3%	0.0%	0.0%	-0.5%	0.0%	0.8%
Return on assets	0.0%	0.3%	0.3%	2.0%	0.9%	-0.5%	-0.2%	0.8%
Free cash flow yield	77.0%	89.4%	124.1%	175.0%	153.2%	124.9%	147.0%	196.0%
Earnings yield	0.4%	14.6%	21.8%	207.9%	92.1%	-55.0%	-16.7%	66.8%
Enterprise value	$6.4B	$4.7B	$5.6B	$3B	$5.1B	$1.3B	$3.7B	-$665.5M
Net debt / EBITDA	78.29×	-1.54×	1.25×	0.01×	0.33×	0.71×	-1.08×	-1.46×
Cash conversion cycle (days)	1,107	0	3,008	1,091	2,197	2,773	876	0