RJF

NYSE

RAYMOND JAMES FINANCIAL INC

Financials, Investment Banking & Brokerage

$176.56

close 7 Aug 2026

+7.06%

52-week change

$33.92B

market cap

$138.82

$182.73

52-week range

Expected price

$154.61 – $188.96

Current price

$176.56

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)15.38x

P/S (TTM)2.00x

P/B2.67x

EV/EBITDA (TTM)—

FCF yield (TTM)4.25%

PEG (TTM, GAAP)1.11

Context

P/E, own 5-year average14.84x

P/E, sector median16.04x*

Price at 5-year median P/E$170.79*

Indicated dividend yield1.22%

Forward — analyst consensus

Forward P/E (FY2026)14.56x*

Forward P/E (FY2027)12.45x

Forward PEG0.86*

Consensus EPS FY2026 (14 analysts)$12.12

EPS growth (FY2026→FY2027)16.97%

Revenue growth (FY2026)11.90%

Street view

Price target (mean)$185.92*

Target upside5.30%

Ratings (buy / hold / sell)5 / 9 / 0

FY2026 EPS revisions, 30d (up / down)9 / 3

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -10.67%10Y CAGR +10.54%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$176.56

Cash & equivalents$9.98B

Total debt$3.52B

Shares outstanding192.12M

Result

DCF price per share$85.09

Current price$176.56

Margin of safety-51.81%

PV of years 1–10$5.87B

PV of terminal value$4.03B

Equity value$16.35B

Market-implied growth+2.78%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.29B	$1.15B	$1.03B	$918.24M	$820.26M	$732.74M	$654.56M	$584.71M	$522.33M	$466.59M	$8.70B
PV	$1.19B	$986.53M	$815.99M	$674.93M	$558.26M	$461.75M	$381.93M	$315.90M	$261.29M	$216.12M	$4.03B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026