• Jefferies Financial Group average return on tangible equity for 2023 was 5.04, a 60% increase from 2022.
• Jefferies Financial Group average return on tangible equity for 2022 was 12.6, a 34.34% decline from 2021.
• Jefferies Financial Group average return on tangible equity for 2021 was 19.19, a 105.24% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.