RAYMOND JAMES FINANCIAL INC (RJF) Fundamental Analysis & Valuation

NYSE:RJF • US7547301090

156.3 USD
+0.18 (+0.12%)
At close: Mar 5, 2026
156.3 USD
0 (0%)
After Hours: 3/5/2026, 8:19:13 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This RJF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to RJF. RJF was compared to 238 industry peers in the Capital Markets industry. There are concerns on the financial health of RJF while its profitability can be described as average. RJF has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. RJF Profitability Analysis

1.1 Basic Checks

  • RJF had positive earnings in the past year.
  • RJF had a positive operating cash flow in the past year.
  • Each year in the past 5 years RJF has been profitable.
  • RJF had a positive operating cash flow in 4 of the past 5 years.
RJF Yearly Net Income VS EBIT VS OCF VS FCFRJF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

1.2 Ratios

  • RJF has a Return On Assets (2.35%) which is comparable to the rest of the industry.
  • With a decent Return On Equity value of 16.63%, RJF is doing good in the industry, outperforming 78.99% of the companies in the same industry.
  • RJF has a Return On Invested Capital (2.73%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for RJF is below the industry average of 7.26%.
Industry RankSector Rank
ROA 2.35%
ROE 16.63%
ROIC 2.73%
ROA(3y)2.37%
ROA(5y)2.24%
ROE(3y)17.19%
ROE(5y)16.89%
ROIC(3y)2.81%
ROIC(5y)2.88%
RJF Yearly ROA, ROE, ROICRJF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • RJF's Profit Margin of 13.02% is in line compared to the rest of the industry. RJF outperforms 45.38% of its industry peers.
  • In the last couple of years the Profit Margin of RJF has grown nicely.
  • RJF's Operating Margin of 17.13% is in line compared to the rest of the industry. RJF outperforms 40.76% of its industry peers.
  • RJF's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of RJF (86.43%) is better than 91.18% of its industry peers.
  • RJF's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 17.13%
PM (TTM) 13.02%
GM 86.43%
OM growth 3Y-3.18%
OM growth 5Y1.22%
PM growth 3Y0.21%
PM growth 5Y5.97%
GM growth 3Y-3.22%
GM growth 5Y-2.06%
RJF Yearly Profit, Operating, Gross MarginsRJF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. RJF Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for RJF has been reduced compared to 1 year ago.
  • The number of shares outstanding for RJF has been increased compared to 5 years ago.
  • The debt/assets ratio for RJF is higher compared to a year ago.
RJF Yearly Shares OutstandingRJF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
RJF Yearly Total Debt VS Total AssetsRJF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • RJF has an Altman-Z score of 0.03. This is a bad value and indicates that RJF is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.03, RJF is doing worse than 73.11% of the companies in the same industry.
  • RJF has a debt to FCF ratio of 46.58. This is a negative value and a sign of low solvency as RJF would need 46.58 years to pay back of all of its debts.
  • The Debt to FCF ratio of RJF (46.58) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 5.19 is on the high side and indicates that RJF has dependencies on debt financing.
  • RJF has a Debt to Equity ratio of 5.19. This is amonst the worse of the industry: RJF underperforms 84.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.19
Debt/FCF 46.58
Altman-Z 0.03
ROIC/WACCN/A
WACCN/A
RJF Yearly LT Debt VS Equity VS FCFRJF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 0.25 indicates that RJF may have some problems paying its short term obligations.
  • The Current ratio of RJF (0.25) is worse than 84.87% of its industry peers.
  • A Quick Ratio of 0.25 indicates that RJF may have some problems paying its short term obligations.
  • RJF's Quick ratio of 0.25 is on the low side compared to the rest of the industry. RJF is outperformed by 84.87% of its industry peers.
Industry RankSector Rank
Current Ratio 0.25
Quick Ratio 0.25
RJF Yearly Current Assets VS Current LiabilitesRJF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. RJF Growth Analysis

3.1 Past

  • RJF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.09%.
  • The Earnings Per Share has been growing by 21.21% on average over the past years. This is a very strong growth
  • Looking at the last year, RJF shows a small growth in Revenue. The Revenue has grown by 3.98% in the last year.
  • The Revenue has been growing by 14.27% on average over the past years. This is quite good.
EPS 1Y (TTM)-0.09%
EPS 3Y13.07%
EPS 5Y21.21%
EPS Q2Q%-2.39%
Revenue 1Y (TTM)3.98%
Revenue growth 3Y12.06%
Revenue growth 5Y14.27%
Sales Q2Q%5.6%

3.2 Future

  • RJF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.72% yearly.
  • RJF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.59% yearly.
EPS Next Y14.46%
EPS Next 2Y14.8%
EPS Next 3Y16.32%
EPS Next 5Y9.72%
Revenue Next Year14.18%
Revenue Next 2Y11.16%
Revenue Next 3Y9.73%
Revenue Next 5Y6.59%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
RJF Yearly Revenue VS EstimatesRJF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
RJF Yearly EPS VS EstimatesRJF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20

More info and screens

Find the best growth stocksShow best growing peers

6

4. RJF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.79, which indicates a correct valuation of RJF.
  • RJF's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of RJF to the average of the S&P500 Index (26.69), we can say RJF is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 11.15 indicates a reasonable valuation of RJF.
  • RJF's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RJF is cheaper than 63.45% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.79, RJF is valued rather cheaply.
Industry RankSector Rank
PE 14.79
Fwd PE 11.15
RJF Price Earnings VS Forward Price EarningsRJF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, RJF is valued cheaply inside the industry as 89.50% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, RJF is valued a bit cheaper than 62.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.99
EV/EBITDA 8.53
RJF Per share dataRJF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • RJF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • RJF's earnings are expected to grow with 16.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)0.7
EPS Next 2Y14.8%
EPS Next 3Y16.32%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. RJF Dividend Analysis

5.1 Amount

  • RJF has a Yearly Dividend Yield of 1.35%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.33, RJF is paying slightly less dividend.
  • RJF's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.35%

5.2 History

  • The dividend of RJF is nicely growing with an annual growth rate of 6.81%!
  • RJF has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RJF has decreased its dividend recently.
Dividend Growth(5Y)6.81%
Div Incr Years1
Div Non Decr Years1
RJF Yearly Dividends per shareRJF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • RJF pays out 20.24% of its income as dividend. This is a sustainable payout ratio.
  • RJF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.24%
EPS Next 2Y14.8%
EPS Next 3Y16.32%
RJF Yearly Income VS Free CF VS DividendRJF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B
RJF Dividend Payout.RJF Dividend Payout, showing the Payout Ratio.RJF Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

RJF Fundamentals: All Metrics, Ratios and Statistics

RAYMOND JAMES FINANCIAL INC

NYSE:RJF (3/5/2026, 8:19:13 PM)

After market: 156.3 0 (0%)

156.3

+0.18 (+0.12%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-28
Earnings (Next)04-22
Inst Owners79.65%
Inst Owner Change-0.14%
Ins Owners0.58%
Ins Owner Change0.61%
Market Cap30.81B
Revenue(TTM)16.05B
Net Income(TTM)2.09B
Analysts71.11
Price Target189.31 (21.12%)
Short Float %5.21%
Short Ratio6.51
Dividend
Industry RankSector Rank
Dividend Yield 1.35%
Yearly Dividend2.07
Dividend Growth(5Y)6.81%
DP20.24%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.76%
Min EPS beat(2)-1.55%
Max EPS beat(2)9.08%
EPS beat(4)1
Avg EPS beat(4)-0.68%
Min EPS beat(4)-8.41%
Max EPS beat(4)9.08%
EPS beat(8)4
Avg EPS beat(8)3.41%
EPS beat(12)5
Avg EPS beat(12)0.01%
EPS beat(16)6
Avg EPS beat(16)-0.49%
Revenue beat(2)1
Avg Revenue beat(2)-1.02%
Min Revenue beat(2)-3.84%
Max Revenue beat(2)1.8%
Revenue beat(4)1
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-3.84%
Max Revenue beat(4)1.8%
Revenue beat(8)3
Avg Revenue beat(8)-0.37%
Revenue beat(12)4
Avg Revenue beat(12)-0.63%
Revenue beat(16)8
Avg Revenue beat(16)0.63%
PT rev (1m)0.57%
PT rev (3m)-0.7%
EPS NQ rev (1m)-1.44%
EPS NQ rev (3m)-1.55%
EPS NY rev (1m)0.15%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)-1.43%
Revenue NQ rev (3m)1.08%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)2.54%
Valuation
Industry RankSector Rank
PE 14.79
Fwd PE 11.15
P/S 1.92
P/FCF 21.99
P/OCF 19.33
P/B 2.45
P/tB 2.87
EV/EBITDA 8.53
EPS(TTM)10.57
EY6.76%
EPS(NY)14.02
Fwd EY8.97%
FCF(TTM)7.11
FCFY4.55%
OCF(TTM)8.09
OCFY5.17%
SpS81.45
BVpS63.78
TBVpS54.45
PEG (NY)1.02
PEG (5Y)0.7
Graham Number123.16
Profitability
Industry RankSector Rank
ROA 2.35%
ROE 16.63%
ROCE 15.4%
ROIC 2.73%
ROICexc 3.13%
ROICexgc 3.25%
OM 17.13%
PM (TTM) 13.02%
GM 86.43%
FCFM 8.73%
ROA(3y)2.37%
ROA(5y)2.24%
ROE(3y)17.19%
ROE(5y)16.89%
ROIC(3y)2.81%
ROIC(5y)2.88%
ROICexc(3y)3.29%
ROICexc(5y)3.35%
ROICexgc(3y)3.43%
ROICexgc(5y)3.49%
ROCE(3y)16.36%
ROCE(5y)16.18%
ROICexgc growth 3Y4.56%
ROICexgc growth 5Y0.19%
ROICexc growth 3Y4.74%
ROICexc growth 5Y0.2%
OM growth 3Y-3.18%
OM growth 5Y1.22%
PM growth 3Y0.21%
PM growth 5Y5.97%
GM growth 3Y-3.22%
GM growth 5Y-2.06%
F-Score4
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 5.19
Debt/FCF 46.58
Debt/EBITDA 22.14
Cap/Depr 97.97%
Cap/Sales 1.2%
Interest Coverage 1.55
Cash Conversion 54.09%
Profit Quality 67.03%
Current Ratio 0.25
Quick Ratio 0.25
Altman-Z 0.03
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)105.26%
Cap/Depr(5y)86.75%
Cap/Sales(3y)1.3%
Cap/Sales(5y)1.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.09%
EPS 3Y13.07%
EPS 5Y21.21%
EPS Q2Q%-2.39%
EPS Next Y14.46%
EPS Next 2Y14.8%
EPS Next 3Y16.32%
EPS Next 5Y9.72%
Revenue 1Y (TTM)3.98%
Revenue growth 3Y12.06%
Revenue growth 5Y14.27%
Sales Q2Q%5.6%
Revenue Next Year14.18%
Revenue Next 2Y11.16%
Revenue Next 3Y9.73%
Revenue Next 5Y6.59%
EBIT growth 1Y-2.24%
EBIT growth 3Y8.49%
EBIT growth 5Y15.67%
EBIT Next Year3.77%
EBIT Next 3Y10.11%
EBIT Next 5Y9.01%
FCF growth 1Y4619.35%
FCF growth 3YN/A
FCF growth 5Y-10.59%
OCF growth 1Y866.06%
OCF growth 3Y223.34%
OCF growth 5Y-9.7%

RAYMOND JAMES FINANCIAL INC / RJF FAQ

What is the ChartMill fundamental rating of RAYMOND JAMES FINANCIAL INC (RJF) stock?

ChartMill assigns a fundamental rating of 4 / 10 to RJF.


Can you provide the valuation status for RAYMOND JAMES FINANCIAL INC?

ChartMill assigns a valuation rating of 6 / 10 to RAYMOND JAMES FINANCIAL INC (RJF). This can be considered as Fairly Valued.


How profitable is RAYMOND JAMES FINANCIAL INC (RJF) stock?

RAYMOND JAMES FINANCIAL INC (RJF) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for RJF stock?

The Price/Earnings (PE) ratio for RAYMOND JAMES FINANCIAL INC (RJF) is 14.79 and the Price/Book (PB) ratio is 2.45.


Is the dividend of RAYMOND JAMES FINANCIAL INC sustainable?

The dividend rating of RAYMOND JAMES FINANCIAL INC (RJF) is 5 / 10 and the dividend payout ratio is 20.24%.