Is Raymond James Financial (RJF) overvalued or fairly valued?

MarketChacha shows Raymond James Financial's valuation in context — a trailing P/E of about 14.6, a forward P/E of about 10.9, a price-to-book of about 2.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Raymond James Financial's revenue?

Raymond James Financial reported revenue of $15.9B for FY2025, with net profit of $2.1B, per official filings.

What is the share price of Raymond James Financial (RJF)?

Raymond James Financial last traded at $155.49 (+1.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Raymond James Financial

RJF · NYSE · Financials · United States

Snapshot

TickerRJF

ExchangeNYSE

SectorFinancials

IndustryAsset Management

CountryUnited States

Employees19,500

HeadquartersSaint Petersburg, United States

Websitewww.raymondjames.com

Filings tracked25

About Raymond James Financial

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 financial planning, investment advisory, securities transaction, investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party mutual fund and annuity companies, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; and custodial, trade execution, research, and other support and services. The Capital Markets segment provides investment banking services, such as equity and debt underwriting, and merger and acquisition advisory; and fixed income and equity brokerage services. This segment also offers institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. The Asset Management segment provides asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Bank segment offers various types of loans, including securities-based, corporate, commercial and industrial, commercial real estate and construction, real estate investment trust, residential mortgage, and tax-exempt loans; Federal Deposit Insurance Corporation-insured deposit accounts; retail and corporate deposit; and liquidity management products and services. The Other segment engages in the private equity investments comprising investments in third-party funds. The company offers corporate, retail banking and trust services. Raymond James Financial, Inc. was founded in 1962 and is headquartered in Saint Petersburg, Florida.

Who owns it

Insiders10.5%
Institutions81.5%
Public & other8.0%

1,261 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.46%
Vanguard Capital Management LLC5.84%
Wellington Management Group, LLP4.91%
Primecap Management Company4.80%
Vanguard Portfolio Management LLC4.63%
State Street Corporation4.10%
Geode Capital Management, LLC2.42%
FMR, LLC2.29%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only 0.18× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.18×

Net margin trend13.4% → 13.4%

Margin has held broadly steady over the period — stable profitability.

Return on equity17.1%

Latest ROE of 17.1% — capital is generating a healthy return.

Growth qualityrev 11% · PAT 11%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.2B · EPS 3.35

Est. earnings growth +17.2%

Next fiscal year

Rev $17.5B · EPS 14.27

Est. earnings growth +18.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$15.9B

Net margin

13.4%

ROE

17.1%

Revenue CAGR (2y)

+10.7%

Profit CAGR (2y)

+10.8%

EPS (FY2025)

10.30

Net profit (FY2025)

$2.1B

Ask MarketChacha about RJF

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$15.9B	$2.1B	10.30	13.4%	17.1%
FY2024	$14.9B	$2.1B	9.70	13.9%	17.7%
FY2023	$13.0B	$1.7B	7.97	13.4%	17.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$4.4B	$595.0M	3.01	13.6%
2026Q1	$4.3B	$544.0M	2.72	12.8%
2025Q4	$4.2B	$563.0M	2.79	13.5%
2025Q2	$3.8B	$436.0M	2.12	11.3%
2025Q1	$3.8B	$495.0M	2.36	12.9%
2024Q4	$4.0B	$600.0M	2.86	14.9%
2024Q2	$3.8B	$492.0M	2.31	13.1%
2024Q1	$3.6B	$476.0M	2.22	13.1%
2023Q4	$3.5B	$498.0M	2.32	14.1%
2023Q2	$3.3B	$369.0M	1.71	11.2%
2023Q1	$3.2B	$427.0M	1.93	13.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Reg FD disclosure
SEC9/1/2026material
8-K — Reg FD disclosure, Exhibits
SEC8/19/2026material
10-Q filing
SEC8/5/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/24/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/27/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/20/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/19/2026material
10-Q filing
SEC5/6/2026
8-K — Results of operations, Exhibits
SEC4/22/2026material
8-K — Reg FD disclosure, Exhibits
SEC3/25/2026material
8-K — Shareholder vote results, Reg FD disclosure, Exhibits
SEC2/23/2026material
8-K — Reg FD disclosure, Exhibits
SEC2/18/2026material
10-Q filing
SEC2/6/2026
8-K — Results of operations, Exhibits
SEC1/28/2026material
8-K — Other events, Exhibits
SEC1/15/2026material

2025

8-K — Reg FD disclosure, Exhibits
SEC12/17/2025material
8-K — Reg FD disclosure, Other events, Exhibits
SEC12/4/2025material
8-K — Other events, Exhibits
SEC12/2/2025material
10-K filing
SEC11/25/2025
8-K — Reg FD disclosure, Exhibits
SEC11/19/2025material
8-K — Results of operations, Exhibits
SEC10/22/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/24/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/23/2025material
8-K — Other events, Exhibits
SEC9/11/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.