RAYMOND JAMES FINANCIAL INC (RJF) Fundamental Analysis & Valuation

NYSE:RJF • US7547301090

146.65 USD
+2.07 (+1.43%)
Last: Mar 13, 2026, 03:17 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

Taking everything into account, RJF scores 4 out of 10 in our fundamental rating. RJF was compared to 242 industry peers in the Capital Markets industry. While RJF is still in line with the averages on profitability rating, there are concerns on its financial health. RJF has a decent growth rate and is not valued too expensively.


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.
  • RJF had positive earnings in each of the past 5 years.
  • 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's Return On Assets of 2.35% is in line compared to the rest of the industry. RJF outperforms 47.52% of its industry peers.
  • The Return On Equity of RJF (16.63%) is better than 78.10% of its industry peers.
  • With a Return On Invested Capital value of 2.73%, RJF perfoms like the industry average, outperforming 42.15% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for RJF is below the industry average of 7.06%.
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

  • The Profit Margin of RJF (13.02%) is comparable to the rest of the industry.
  • RJF's Profit Margin has improved in the last couple of years.
  • RJF's Operating Margin of 17.13% is on the low side compared to the rest of the industry. RJF is outperformed by 60.33% of its industry peers.
  • In the last couple of years the Operating Margin of RJF has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 86.43%, RJF belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • In the last couple of years the Gross Margin of RJF has declined.
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

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1

2. RJF Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, RJF has less shares outstanding
  • 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

  • Based on the Altman-Z score of 0.01, we must say that RJF is in the distress zone and has some risk of bankruptcy.
  • RJF has a Altman-Z score of 0.01. This is in the lower half of the industry: RJF underperforms 73.97% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 46.58, RJF is in line with its industry, outperforming 50.83% of the companies in the same industry.
  • A Debt/Equity ratio of 5.19 is on the high side and indicates that RJF has dependencies on debt financing.
  • With a Debt to Equity ratio value of 5.19, RJF is not doing good in the industry: 85.12% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 5.19
Debt/FCF 46.58
Altman-Z 0.01
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.
  • RJF has a Current ratio of 0.25. This is amonst the worse of the industry: RJF underperforms 85.12% of its industry peers.
  • A Quick Ratio of 0.25 indicates that RJF may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.25, RJF is not doing good in the industry: 85.12% of the companies in the same industry are doing better.
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

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

4

3. RJF Growth Analysis

3.1 Past

  • The earnings per share for RJF have decreased by -0.09% in the last year.
  • 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 Y14.88%
EPS Next 2Y13.95%
EPS Next 3Y16.34%
EPS Next 5Y9.72%
Revenue Next Year14.18%
Revenue Next 2Y11.16%
Revenue Next 3Y9.73%
Revenue Next 5Y6.59%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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6

4. RJF Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.87, which indicates a correct valuation of RJF.
  • RJF's Price/Earnings ratio is in line with the industry average.
  • RJF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.71.
  • A Price/Forward Earnings ratio of 10.62 indicates a reasonable valuation of RJF.
  • Based on the Price/Forward Earnings ratio, RJF is valued a bit cheaper than 65.70% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of RJF to the average of the S&P500 Index (23.82), we can say RJF is valued rather cheaply.
Industry RankSector Rank
PE 13.87
Fwd PE 10.62
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 cheaper than 89.67% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, RJF is valued a bit cheaper than the industry average as 61.57% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.63
EV/EBITDA 7.75
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as RJF's earnings are expected to grow with 16.34% in the coming years.
PEG (NY)0.93
PEG (5Y)0.65
EPS Next 2Y13.95%
EPS Next 3Y16.34%

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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 1.38%. Purely for dividend investing, there may be better candidates out there.
  • RJF's Dividend Yield is slightly below the industry average, which is at 6.63.
  • RJF's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.38%

5.2 History

  • On average, the dividend of RJF grows each year by 6.81%, which is quite nice.
  • RJF has paid a dividend for at least 10 years, which is 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.
  • The dividend of RJF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.24%
EPS Next 2Y13.95%
EPS Next 3Y16.34%
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

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RJF Fundamentals: All Metrics, Ratios and Statistics

RAYMOND JAMES FINANCIAL INC

NYSE:RJF (3/13/2026, 3:17:00 PM)

146.65

+2.07 (+1.43%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-28
Earnings (Next)04-22
Inst Owners79.44%
Inst Owner Change-0.25%
Ins Owners0.52%
Ins Owner Change0.61%
Market Cap28.90B
Revenue(TTM)16.05B
Net Income(TTM)2.09B
Analysts71.11
Price Target189.31 (29.09%)
Short Float %5.21%
Short Ratio6.51
Dividend
Industry RankSector Rank
Dividend Yield 1.38%
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%
PT rev (3m)-0.31%
EPS NQ rev (1m)-0.34%
EPS NQ rev (3m)-1.86%
EPS NY rev (1m)0.36%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)-1.6%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)-0.77%
Revenue NY rev (3m)1.02%
Valuation
Industry RankSector Rank
PE 13.87
Fwd PE 10.62
P/S 1.8
P/FCF 20.63
P/OCF 18.13
P/B 2.3
P/tB 2.69
EV/EBITDA 7.75
EPS(TTM)10.57
EY7.21%
EPS(NY)13.81
Fwd EY9.42%
FCF(TTM)7.11
FCFY4.85%
OCF(TTM)8.09
OCFY5.51%
SpS81.45
BVpS63.78
TBVpS54.45
PEG (NY)0.93
PEG (5Y)0.65
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 0.01
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 Y14.88%
EPS Next 2Y13.95%
EPS Next 3Y16.34%
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 13.87 and the Price/Book (PB) ratio is 2.3.


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%.