(RJF) Raymond James Financial - Overview

Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 30.076m USD | Total Return: 2.1% in 12m

Wealth Management, Investment Banking, Asset Management, Commercial Banking
Total Rating 22
Safety 20
Buy Signal -0.43
Asset Management
Industry Rotation: +5.0
Market Cap: 30.1B
Avg Turnover: 200M
Risk 3d forecast
Volatility25.0%
VaR 5th Pctl4.44%
VaR vs Median7.68%
Reward TTM
Sharpe Ratio0.03
Rel. Str. IBD29.1
Rel. Str. Peer Group26.8
Character TTM
Beta1.006
Beta Downside1.130
Hurst Exponent0.381
Drawdowns 3y
Max DD28.12%
CAGR/Max DD0.76
CAGR/Mean DD3.06
EPS (Earnings per Share) EPS (Earnings per Share) of RJF over the last years for every Quarter: "2021-03": 1.67, "2021-06": 1.83, "2021-09": 2.06, "2021-12": 2.12, "2022-03": 1.55, "2022-06": 1.61, "2022-09": 2.08, "2022-12": 2.29, "2023-03": 2.03, "2023-06": 1.85, "2023-09": 2.13, "2023-12": 2.4, "2024-03": 2.31, "2024-06": 2.39, "2024-09": 2.95, "2024-12": 2.93, "2025-03": 2.42, "2025-06": 2.18, "2025-09": 3.11, "2025-12": 2.86, "2026-03": 2.83,
EPS CAGR: 16.23%
EPS Trend: 77.9%
Last SUE: -0.33
Qual. Beats: 0
Revenue Revenue of RJF over the last years for every Quarter: 2021-03: 2378, 2021-06: 2477, 2021-09: 2693, 2021-12: 2780, 2022-03: 2711, 2022-06: 2740, 2022-09: 2965, 2022-12: 2993, 2023-03: 3157, 2023-06: 3253, 2023-09: 3474, 2023-12: 3480, 2024-03: 3594, 2024-06: 3714, 2024-09: 3953, 2024-12: 3982, 2025-03: 3791, 2025-06: 3786, 2025-09: 4130, 2025-12: 4176, 2026-03: 4262,
Rev. CAGR: 12.50%
Rev. Trend: 96.3%
Last SUE: 0.57
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: RJF Raymond James Financial

Raymond James Financial (RJF) is a diversified financial services holding company operating across five primary segments: Private Client Group, Capital Markets, Asset Management, Banking, and Private Equity. Founded in 1962, the firm provides investment advisory, municipal and corporate underwriting, and retail banking services to a global client base in North America and Europe.

The company utilizes an independent brokerage model, which allows financial advisors to operate as independent contractors while utilizing the firms infrastructure and research. This structure typically results in lower fixed overhead costs compared to traditional wirehouse models. Within its Capital Markets segment, the firm maintains a specialized focus on middle-market mergers and acquisitions and institutional equity research.

The Investment Banking and Brokerage sector is highly sensitive to interest rate fluctuations and equity market volatility, which directly impact asset management fees and net interest margins. Reviewing the ValueRay platform can provide further clarity on how these macroeconomic factors influence the firms current valuation.

RJF also operates a fully integrated banking subsidiary that manages corporate and residential lending. This integration allows the firm to capture a larger share of a clients wallet by offering FDIC-insured deposit accounts and liquidity management products alongside traditional investment services.

Headlines to Watch Out For
  • Net interest margin sensitivity to Federal Reserve monetary policy shifts
  • Asset management fee growth tied to global equity market performance
  • Private Client Group advisor retention and recruitment drive client assets
  • Investment banking revenue fluctuations based on corporate M&A and underwriting activity
  • Loan portfolio credit quality and provisions for potential banking segment losses
Piotroski VR‑10 (Strict) 4.0
Net Income: 2.15b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.22 > 1.0
NWC/Revenue: -258.8% < 20% (prev -272.3%; Δ 13.48% < -1%)
CFO/TA 0.03 > 3% & CFO 2.58b > Net Income 2.15b
Net Debt (-14.09b) to EBITDA (2.86b): -4.93 < 3
Current Ratio: 0.37 > 1.5 & < 3
Outstanding Shares: last quarter (199.2m) vs 12m ago -4.55% < -2%
Gross Margin: 89.16% > 18% (prev 0.87%; Δ 8.83k% > 0.5%)
Asset Turnover: 18.68% > 50% (prev 18.57%; Δ 0.11% > 0%)
Interest Coverage Ratio: 0.74 > 6 (EBITDA TTM 2.86b / Interest Expense TTM 1.75b)
Altman Z'' -2.22
A: -0.46 (Total Current Assets 24.57b - Total Current Liabilities 66.90b) / Total Assets 91.94b
B: 0.16 (Retained Earnings 14.49b / Total Assets 91.94b)
C: 0.01 (EBIT TTM 1.29b / Avg Total Assets 87.54b)
D: 0.18 (Book Value of Equity 14.12b / Total Liabilities 79.33b)
Altman-Z'' Score: -2.22 = D
Beneish M -2.99
DSRI: 1.03 (Receivables 5.11b/4.66b, Revenue 16.35b/15.44b)
GMI: 0.97 (GM 89.16% / 86.77%)
AQI: 0.99 (AQ_t 0.72 / AQ_t-1 0.72)
SGI: 1.06 (Revenue 16.35b / 15.44b)
TATA: -0.00 (NI 2.15b - CFO 2.58b) / TA 91.94b)
Beneish M-Score: -2.99 (Cap -4..+1) = A
What is the price of RJF shares? As of May 16, 2026, the stock is trading at USD 154.11 with a total of 996,526 shares traded.
Over the past week, the price has changed by -0.14%, over one month by -1.07%, over three months by -2.12% and over the past year by +2.10%.
Is RJF a buy, sell or hold? Raymond James Financial has received a consensus analysts rating of 3.43. Therefor, it is recommend to hold RJF.
  • StrongBuy: 2
  • Buy: 2
  • Hold: 10
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the RJF price?
Analysts Target Price 174.8 13.4%
Raymond James Financial (RJF) - Fundamental Data Overview as of 11 May 2026
P/E Trailing = 14.5732
P/E Forward = 13.1926
P/S = 2.0428
P/B = 2.3933
P/EG = 0.9771
Revenue TTM = 16.35b USD
EBIT TTM = 1.29b USD
EBITDA TTM = 2.86b USD
Long Term Debt = 4.22b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.84b USD (from shortTermDebt, last quarter)
Debt = 5.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -14.09b USD (recalculated: Debt 5.36b - CCE 19.45b)
Enterprise Value = 15.99b USD (30.08b + Debt 5.36b - CCE 19.45b)
Interest Coverage Ratio = 0.74 (Ebit TTM 1.29b / Interest Expense TTM 1.75b)
EV/FCF = 6.71x (Enterprise Value 15.99b / FCF TTM 2.38b)
FCF Yield = 14.91% (FCF TTM 2.38b / Enterprise Value 15.99b)
FCF Margin = 14.58% (FCF TTM 2.38b / Revenue TTM 16.35b)
Net Margin = 13.13% (Net Income TTM 2.15b / Revenue TTM 16.35b)
Gross Margin = 89.16% ((Revenue TTM 16.35b - Cost of Revenue TTM 1.77b) / Revenue TTM)
Gross Margin QoQ = 90.54% (prev 89.44%)
Tobins Q-Ratio = 0.17 (Enterprise Value 15.99b / Total Assets 91.94b)
Interest Expense / Debt = 7.51% (Interest Expense 403.0m / Debt 5.36b)
Taxrate = 25.99% (191.0m / 735.0m)
NOPAT = 957.7m (EBIT 1.29b * (1 - 25.99%))
Current Ratio = 0.37 (Total Current Assets 24.57b / Total Current Liabilities 66.90b)
Debt / Equity = 0.43 (Debt 5.36b / totalStockholderEquity, last quarter 12.57b)
Debt / EBITDA = -4.93 (Net Debt -14.09b / EBITDA 2.86b)
Debt / FCF = -5.91 (Net Debt -14.09b / FCF TTM 2.38b)
Total Stockholder Equity = 12.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.45% (Net Income 2.15b / Total Assets 91.94b)
RoE = 17.21% (Net Income TTM 2.15b / Total Stockholder Equity 12.47b)
RoCE = 7.75% (EBIT 1.29b / Capital Employed (Equity 12.47b + L.T.Debt 4.22b))
RoIC = 5.93% (NOPAT 957.7m / Invested Capital 16.14b)
WACC = 8.92% (E(30.08b)/V(35.44b) * Re(9.52%) + D(5.36b)/V(35.44b) * Rd(7.51%) * (1-Tc(0.26)))
Discount Rate = 9.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.39 | Cagr: -3.09%
[DCF] Terminal Value 66.58% ; FCFF base≈2.22b ; Y1≈1.46b ; Y5≈666.7m
[DCF] Fair Price = 130.6 (EV 11.36b - Net Debt -14.09b = Equity 25.45b / Shares 194.9m; r=8.92% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 77.90 | EPS CAGR: 16.23% | SUE: -0.33 | # QB: 0
Revenue Correlation: 96.26 | Revenue CAGR: 12.50% | SUE: 0.57 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.92 | Chg30d=-2.97% | Revisions=-50% | Analysts=10
EPS current Year (2026-09-30): EPS=11.87 | Chg30d=-1.87% | Revisions=-50% | GrowthEPS=+11.3% | GrowthRev=+10.7%
EPS next Year (2027-09-30): EPS=13.38 | Chg30d=-2.55% | Revisions=-50% | GrowthEPS=+12.8% | GrowthRev=+7.5%
[Analyst] Revisions Ratio: -50%