Raymond James Financial, Inc.

NYSE:RJF Stock Report

Market Cap: US$26.2b

Raymond James Financial Valuation

Is RJF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RJF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RJF ($125.48) is trading below our estimate of fair value ($149.19)

Significantly Below Fair Value: RJF is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for RJF?

Other financial metrics that can be useful for relative valuation.

RJF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does RJF's PE Ratio compare to its peers?

The above table shows the PE ratio for RJF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
LPLA LPL Financial Holdings
18.5x10.5%US$19.7b
XP XP
15.4x16.0%US$11.6b
IBKR Interactive Brokers Group
19.3x3.2%US$47.1b
HLI Houlihan Lokey
34.2x23.1%US$8.8b
RJF Raymond James Financial
15.3x5.9%US$26.2b

Price-To-Earnings vs Peers: RJF is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does RJF's PE Ratio compare vs other companies in the US Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: RJF is good value based on its Price-To-Earnings Ratio (15.3x) compared to the US Capital Markets industry average (19.1x).


Price to Earnings Ratio vs Fair Ratio

What is RJF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RJF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: RJF is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RJF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$125.48
US$132.75
+5.8%
5.6%US$145.00US$118.00n/a12
Apr ’25US$128.52
US$124.25
-3.3%
7.7%US$140.00US$112.00n/a12
Mar ’25US$120.07
US$120.88
+0.7%
6.4%US$135.00US$112.00n/a12
Feb ’25US$110.49
US$120.88
+9.4%
6.4%US$135.00US$112.00n/a12
Jan ’25US$111.50
US$113.09
+1.4%
6.1%US$125.00US$100.00n/a11
Dec ’24US$107.92
US$112.45
+4.2%
6.2%US$125.00US$100.00n/a11
Nov ’24US$96.01
US$112.45
+17.1%
6.2%US$125.00US$100.00n/a11
Oct ’24US$100.43
US$120.00
+19.5%
4.9%US$132.00US$110.00n/a11
Sep ’24US$106.41
US$120.22
+13.0%
5.2%US$132.00US$110.00n/a9
Aug ’24US$109.49
US$120.22
+9.8%
5.2%US$132.00US$110.00n/a9
Jul ’24US$103.77
US$110.11
+6.1%
6.8%US$118.00US$95.00n/a9
Jun ’24US$91.14
US$111.89
+22.8%
9.8%US$136.00US$95.00n/a9
May ’24US$89.76
US$110.70
+23.3%
10.0%US$136.00US$95.00n/a10
Apr ’24US$93.27
US$121.85
+30.6%
10.0%US$136.00US$95.50US$128.5210
Mar ’24US$106.82
US$126.10
+18.0%
6.0%US$136.00US$111.00US$120.0710
Feb ’24US$112.10
US$126.10
+12.5%
6.0%US$136.00US$111.00US$110.4910
Jan ’24US$106.85
US$123.60
+15.7%
9.3%US$148.00US$100.00US$111.5010
Dec ’23US$117.41
US$124.60
+6.1%
9.3%US$148.00US$100.00US$107.9210
Nov ’23US$117.81
US$123.33
+4.7%
8.5%US$139.00US$100.00US$96.019
Oct ’23US$98.82
US$118.00
+19.4%
8.0%US$130.00US$100.00US$100.437
Sep ’23US$104.56
US$118.71
+13.5%
8.6%US$132.00US$100.00US$106.417
Aug ’23US$98.66
US$115.57
+17.1%
8.3%US$132.00US$100.00US$109.497
Jul ’23US$89.09
US$120.50
+35.3%
9.7%US$138.00US$99.00US$103.778
Jun ’23US$97.74
US$121.88
+24.7%
9.0%US$138.00US$99.00US$91.148
May ’23US$97.46
US$133.89
+37.4%
18.6%US$195.00US$99.00US$89.769
Apr ’23US$108.94
US$134.67
+23.6%
21.8%US$210.00US$99.00US$93.279

Analyst Forecast: Target price is less than 20% higher than the current share price.


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