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RAYMOND JAMES FINANCIAL INC RJF

NYSE · stock · Security Brokers, Dealers & Flotation Companies · website · IPO 1983-07-01 · LEI

RAYMOND JAMES FINANCIAL INC statistics & valuation

Market cap$29.2B
P / E13.7×
P / S1.8×
P / B2.3×
P / FCF13.0×
Net margin13.4%
Return on equity17.1%
FCF margin14.1%
Graham number -34.6%$118.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($118.43); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.60% 9.70% 11.50% 12.90% 10.00% 14.20% 13.30% 13.40% 13.90% 13.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.50% 11.20% 13.30% 15.60% 11.40% 16.90% 16.00% 17.00% 17.70% 17.10% 2016201720182019202020212022202320242025
Shares outstanding
144.5M 146.6M 148.8M 216.0M 210.3M 211.2M 215.3M 216.9M 212.3M 206.6M 2016201720182019202020212022202320242025
Net debt ($)
-$7.19B -$6.18B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.70% 1.80% 2.30% 2.70% 1.70% 2.30% 1.90% 2.20% 2.50% 2.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-12.60% -4.80% 10.00% 5.50% 48.30% 66.30% -0.20% -28.40% 13.10% 14.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$3.65 $4.33 $5.75 $4.78 $3.88 $6.63 $6.98 $7.97 $9.70 $10.30 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

RAYMOND JAMES FINANCIAL INC trades at about 17.6× earnings — above its 10-year norm (10-year range 8.9×–16.9×, median 13.1×).

8.9× 17.6×

Shaded band = 10-year range (8.9×–16.9×); dot = today's 17.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin13.4%13.9%13.4%13.3%14.2%10.0%12.9%11.5%9.7%9.6%
FCF margin14.1%13.1%-28.4%-0.2%66.3%48.3%5.5%10.0%-4.8%-12.6%
Return on assets2.4%2.5%2.2%1.9%2.3%1.7%2.7%2.3%1.8%1.7%
Return on equity17.1%17.7%17.0%16.0%16.9%11.4%15.6%13.3%11.2%10.5%
Debt / equity———0.00×0.00×—————

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.