RJF

Raymond James Financial, Inc.

Fundamental data last updated:August 14, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Financial - Capital Markets

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.

 


VALUATION

P/E

13.09

Market Cap ($M USD)

$27.94B

Forward P/E

7.70

PEG

0.11

PRICE TO SALES

1.71

PRICE TO BOOK

2.24

EV / EBITDA

7.73

5-Year Average P/E

Free Cash Flow Yield

8.53%

DCF Value

$311.72

Graham Number

$125.65

Price to FCF

11.72

EV to FCF

9.26

Earnings Yield

7.64%

FCF Yield

8.53%

DIVIDEND

Yield

1.45%

Annual Payout

$2.08

Payout Ratio

19.84%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$10.95

Next Year EPS Growth Estimate

$18.61

Next Year Revenue Growth Estimate

$19.39B

Return on Equity (ROE)

17.21%

FREE CASH FLOW

Operating Margin

16.86%

Debt-to-Equity

0.36

Piotroski F-Score

7

Altman Z-Score

0.16

Return on Invested Capital (ROIC)

11.01%

Current Ratio

0.37

Quick Ratio

0.37

Net Debt to EBITDA

-2.05

Interest Coverage

1.57

Gross Profit margin

89.16%

FCF PER SHARE

$12.16

REVENUE PER SHARE

$83.40

Gainseekers Quantitative Analysis

Summary

RJF’s valuation is a tale of stark contrasts. The market has significantly undervalued it relative to its DCF Value, suggesting a potential mispricing opportunity. With a Forward P/E of 8.29 and a PEG ratio of 0.12, the stock appears cheap, indicating strong growth prospects at a bargain. However, the Altman Z-score of 0.17 raises red flags about financial distress, hinting at underlying vulnerabilities. The Earnings Yield of 7.09% further underscores its attractiveness for income-focused investors, but caution is warranted given the mixed signals.

AI Exposure / Tech Reliance

Operating in the Financial - Capital Markets industry, RJF is well-positioned to leverage AI and tech advancements. Its sector is ripe for digital transformation, offering opportunities to enhance trading algorithms and client services. However, the company must remain agile to stay ahead in this rapidly evolving landscape.

The Bull Case

For the value-driven investor, RJF offers compelling reasons to buy. A robust ROIC of 11.01% and a solid Piotroski F-Score of 7 highlight its operational efficiency and financial health. The FCF Yield of 7.93% suggests strong cash generation, while an operating margin of 16.86% indicates effective cost management. These metrics paint a picture of a company with pricing power and capital efficiency, making it an attractive investment.

The Bear Case

Despite its strengths, RJF faces significant structural risks. The Price/Book ratio of 2.41 and Price/Sales of 1.84 suggest it may be overvalued relative to its assets and revenue. The Altman Z-score is alarmingly low, indicating potential financial instability. Additionally, its current ratio of 0.37 raises liquidity concerns, suggesting the company might struggle to meet short-term obligations.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$160.50

Institutional Ownership %

1-Year Beta

1.00

Insider Buying % (6 Mo)

Distance to 52-Week High

23.93%

Distance to 52-Week Low

3.16%

EARNINGS SURPRISE %

2.54%

50-DAY SMA

$150.18

200-DAY SMA

$159.93

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.