(RJF) Raymond James Financial - Ratings and Ratios
Private Client, Capital Markets, Asset Management, Bank, Private Equity
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 28.5% |
| Value at Risk 5%th | 46.4% |
| Relative Tail Risk | -1.15% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.19 |
| Alpha | -17.93 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.440 |
| Beta | 1.026 |
| Beta Downside | 1.112 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.36% |
| Mean DD | 9.30% |
| Median DD | 8.02% |
Description: RJF Raymond James Financial September 29, 2025
Raymond James Financial Inc. (NYSE:RJF) operates as a diversified financial-services firm serving individuals, corporations, and municipalities across the United States, Canada, and Europe through four primary operating segments: Private Client Group, Capital Markets, Asset Management, and Banking, plus a smaller “Other” segment focused on private-equity investments.
The Private Client Group delivers wealth-management solutions-including portfolio management, insurance, annuities, mutual-fund distribution, margin lending, securities-borrowing, and alternative-investment strategies-while also providing back-office services such as trade execution and research for third-party fund sponsors.
In FY 2023 the Private Client Group generated roughly 38 % of total revenue, buoyed by a 7 % year-over-year increase in net new assets under management (≈ $12 billion), reflecting continued demand for fee-based advisory services despite a competitive wealth-management landscape.
The Capital Markets segment offers investment-banking services (equity and debt underwriting, M&A advisory) and brokerage execution for institutional clients, and it manages niche low-income housing funds. Underwriting volume reached $4.2 billion in 2023, while the firm’s M&A advisory pipeline grew 15 % YoY, indicating resilience in deal flow even as market volatility rose.
Asset Management provides portfolio and administrative services to retail and institutional investors, overseeing roughly $300 billion in assets. Fee-related revenue grew 4 % in the most recent quarter, driven by higher allocation to passive strategies and modest fee-compression pressures across the industry.
The Banking segment originates a broad mix of loans-including securities-based, commercial, CRE, REIT, and residential mortgages-while offering insured deposits and liquidity-management products. The loan portfolio now stands at about $70 billion, and net interest margin has been supported by a recent 0.5 % uptick in the Fed Funds rate, which tends to improve earnings on floating-rate assets.
The “Other” segment consists primarily of private-equity stakes in third-party funds, contributing a modest but growing share of non-core income as the firm expands its alternative-investment footprint.
Founded in 1962 and headquartered in Saint Petersburg, Florida, RJF is classified under the GICS sub-industry “Investment Banking & Brokerage” and trades as a common stock on the NYSE.
For a deeper quantitative breakdown, the ValueRay platform offers granular metrics that can help you assess RJF’s valuation relative to peers.
RJF Stock Overview
| Market Cap in USD | 31,060m |
| Sub-Industry | Investment Banking & Brokerage |
| IPO / Inception | 1987-12-30 |
| Return 12m vs S&P 500 | -15.8% |
| Analyst Rating | 3.43 of 5 |
RJF Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 1.31% |
| Yield on Cost 5y | 3.56% |
| Yield CAGR 5y | 16.22% |
| Payout Consistency | 89.4% |
| Payout Ratio | 18.8% |
RJF Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 11.47% |
| CAGR/Max DD Calmar Ratio | 0.39 |
| CAGR/Mean DD Pain Ratio | 1.23 |
| Current Volume | 1510.5k |
| Average Volume | 1134.3k |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (2.13b TTM) > 0 and > 6% of Revenue (6% = 930.7m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -0.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -283.4% (prev -275.9%; Δ -7.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 2.15b > Net Income 2.13b (YES >=105%, WARN >=100%) |
| Net Debt (-5.42b) to EBITDA (2.93b) ratio: -1.85 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (203.8m) change vs 12m ago -4.00% (target <= -2.0% for YES) |
| Gross Margin 87.25% (prev 85.40%; Δ 1.85pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.75% (prev 17.69%; Δ 1.06pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.42 (EBITDA TTM 2.93b / Interest Expense TTM 1.93b) >= 6 (WARN >= 3) |
Altman Z'' -2.30
| (A) -0.52 = (Total Current Assets 21.30b - Total Current Liabilities 65.27b) / Total Assets 84.81b |
| (B) 0.15 = Retained Earnings (Balance) 13.10b / Total Assets 84.81b |
| (C) 0.03 = EBIT TTM 2.74b / Avg Total Assets 82.72b |
| (D) 0.36 = Book Value of Equity 25.29b / Total Liabilities 70.91b |
| Total Rating: -2.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 80.36
| 1. Piotroski 5.0pt |
| 2. FCF Yield 10.57% |
| 3. FCF Margin 12.60% |
| 4. Debt/Equity 0.31 |
| 5. Debt/Ebitda -1.85 |
| 6. ROIC - WACC (= 4.51)% |
| 7. RoE 17.75% |
| 8. Rev. Trend 91.83% |
| 9. EPS Trend 65.19% |
What is the price of RJF shares?
Over the past week, the price has changed by -3.62%, over one month by -7.70%, over three months by -5.30% and over the past year by -5.37%.
Is RJF a buy, sell or hold?
- Strong Buy: 2
- Buy: 2
- Hold: 10
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the RJF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 184.5 | 20.6% |
| Analysts Target Price | 184.5 | 20.6% |
| ValueRay Target Price | 160.1 | 4.7% |
RJF Fundamental Data Overview November 20, 2025
P/E Trailing = 15.1243
P/E Forward = 13.2626
P/S = 2.2141
P/B = 2.4817
P/EG = 1.1535
Beta = 1.006
Revenue TTM = 15.51b USD
EBIT TTM = 2.74b USD
EBITDA TTM = 2.93b USD
Long Term Debt = 2.89b USD (from longTermDebt, last quarter)
Short Term Debt = 883.0m USD (from shortTermDebt, last quarter)
Debt = 3.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.42b USD (from netDebt column, last quarter)
Enterprise Value = 18.48b USD (31.06b + Debt 3.77b - CCE 16.35b)
Interest Coverage Ratio = 1.42 (Ebit TTM 2.74b / Interest Expense TTM 1.93b)
FCF Yield = 10.57% (FCF TTM 1.95b / Enterprise Value 18.48b)
FCF Margin = 12.60% (FCF TTM 1.95b / Revenue TTM 15.51b)
Net Margin = 13.75% (Net Income TTM 2.13b / Revenue TTM 15.51b)
Gross Margin = 87.25% ((Revenue TTM 15.51b - Cost of Revenue TTM 1.98b) / Revenue TTM)
Gross Margin QoQ = 87.88% (prev 87.92%)
Tobins Q-Ratio = 0.22 (Enterprise Value 18.48b / Total Assets 84.81b)
Interest Expense / Debt = 11.77% (Interest Expense 444.0m / Debt 3.77b)
Taxrate = 22.56% (127.0m / 563.0m)
NOPAT = 2.12b (EBIT 2.74b * (1 - 22.56%))
Current Ratio = 0.33 (Total Current Assets 21.30b / Total Current Liabilities 65.27b)
Debt / Equity = 0.31 (Debt 3.77b / totalStockholderEquity, last quarter 12.26b)
Debt / EBITDA = -1.85 (Net Debt -5.42b / EBITDA 2.93b)
Debt / FCF = -2.78 (Net Debt -5.42b / FCF TTM 1.95b)
Total Stockholder Equity = 12.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.51% (Net Income 2.13b / Total Assets 84.81b)
RoE = 17.75% (Net Income TTM 2.13b / Total Stockholder Equity 12.02b)
RoCE = 18.40% (EBIT 2.74b / Capital Employed (Equity 12.02b + L.T.Debt 2.89b))
RoIC = 14.23% (NOPAT 2.12b / Invested Capital 14.93b)
WACC = 9.73% (E(31.06b)/V(34.83b) * Re(9.80%) + D(3.77b)/V(34.83b) * Rd(11.77%) * (1-Tc(0.23)))
Discount Rate = 9.80% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.32%
[DCF Debug] Terminal Value 62.95% ; FCFE base≈1.92b ; Y1≈1.26b ; Y5≈576.9m
Fair Price DCF = 43.91 (DCF Value 8.70b / Shares Outstanding 198.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 65.19 | EPS CAGR: 11.77% | SUE: 1.59 | # QB: 1
Revenue Correlation: 91.83 | Revenue CAGR: 9.86% | SUE: 3.10 | # QB: 1
Additional Sources for RJF Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle