Jackson Financial Inc. (JXN) intrinsic value & 10-year financials

Jackson Financial Inc. (JXN) has a Graham intrinsic value of $248.15 per share. At $130.58 on Oct 17, 2026, the stock trades 47% below that value. Over the last 8 fiscal years revenue grew 11.5% a year to $6.7B, with an average return on invested capital of 13.4%.

Graham intrinsic value
$248.15
Share price (Oct 17, 2026)
$130.58
Price vs Graham value
47% below
Market cap
$9.3B
Revenue (FY2025)
$6.7B
Revenue growth (8-yr CAGR)
11.5%
ROIC (10-yr avg)
13.4%
Free cash flow (FY2025)
—

JXN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.7B $27.0M -$0.24 — — 0.4%
FY2024 $3.3B $946.0M $11.74 — — 10.2%
FY2023 $3.2B $934.0M $10.76 — — 10.6%
FY2022 $14.6B $5.7B $64.23 — — 65.1%
FY2021 $8.8B $3.2B $33.69 — — 35.1%
FY2020 $3.2B -$1.6B -$24.14 — — -21.1%
FY2019 $3.5B -$497.0M -$13.16 — — -6.5%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Jackson Financial Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Jackson Financial Inc. has earned high returns on invested capital, averaging 16.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Jackson Financial Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Jackson Financial Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $248.15 per share.

JXN stock: frequently asked questions

What is the intrinsic value of Jackson Financial Inc. (JXN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, JXN's intrinsic value is about $248.15 per share.

Is JXN stock undervalued?

At $130.58 (close on Oct 17, 2026), JXN trades 47% below its Graham value of $248.15. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is JXN's return on invested capital?

Average ROIC over the last 8 fiscal years was 13.4%, and average return on equity was 12.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this JXN data come from?

From Jackson Financial Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 3, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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