Raymond James Financial, Inc.

RJF Financial Asset Management

Raymond James Financial, Inc.’s revenue for fiscal 2026 (year ended September 2026) was $17.5 billion, up 10.2% from fiscal 2025.

Revenue
+13.1%
EPS
+14.4%
Free cash flow
−148.6%
Total debt
+38.5%

Quarter to September 2026, against a year earlier

163.08 1.74 −1.06%
Market cap
$31.7B
P/E
13.6×
Fwd P/E
13.5×
Dividend yield
1.31%
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Raymond James Financial, Inc. (RJF) valuation and DCF model

What the price implies · reverse DCF

Raymond James Financial, Inc. is not valued here: a bank or insurer is valued on its dividend, and it pays none.

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Asset Management).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 13.61× 13.47× 13.39× 2% above 13.38× 2% above
P/FCF 22.00× 14.89× 15.17× 45% above 7.79× 182% above
P/B 2.48× 2.38× 2.16× 15% above 0.91× 173% above
EV/EBITDA — 3.31× 3.92× — 3.38× —
EV/Sales — 0.93× 0.92× — 3.90× —
11.22×12.92×14.63×16.34×10Y avg 13.39×2018201920202021202220232024202520262026

RJF trades at 13.61× P/E, against a 10-year average of 13.39× (range 11.26×–16.38×). That is dearer than 67% of the last 9 year-end readings; re-rating to the average implies $160.53 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.