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Franklin Resources (BSP:F1RA34) Shiller PE Ratio : 8.20 (As of May. 14, 2024)


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What is Franklin Resources Shiller PE Ratio?

As of today (2024-05-14), Franklin Resources's current share price is R$118.92. Franklin Resources's E10 for the quarter that ended in Mar. 2024 was R$14.50. Franklin Resources's Shiller PE Ratio for today is 8.20.

The historical rank and industry rank for Franklin Resources's Shiller PE Ratio or its related term are showing as below:

BSP:F1RA34' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.12   Med: 11.27   Max: 25.26
Current: 7.99

During the past years, Franklin Resources's highest Shiller PE Ratio was 25.26. The lowest was 5.12. And the median was 11.27.

BSP:F1RA34's Shiller PE Ratio is ranked better than
82.28% of 762 companies
in the Asset Management industry
Industry Median: 13.025 vs BSP:F1RA34: 7.99

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Franklin Resources's adjusted earnings per share data for the three months ended in Mar. 2024 was R$1.145. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$14.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franklin Resources Shiller PE Ratio Historical Data

The historical data trend for Franklin Resources's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Franklin Resources Shiller PE Ratio Chart

Franklin Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.41 6.74 9.31 6.47 7.74

Franklin Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.34 8.36 7.74 9.64 9.38

Competitive Comparison of Franklin Resources's Shiller PE Ratio

For the Asset Management subindustry, Franklin Resources's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Franklin Resources's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Franklin Resources's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Franklin Resources's Shiller PE Ratio falls into.



Franklin Resources Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Franklin Resources's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=118.92/14.5
=8.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Franklin Resources's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Franklin Resources's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.145/129.4194*129.4194
=1.145

Current CPI (Mar. 2024) = 129.4194.

Franklin Resources Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 2.057 100.560 2.647
201409 2.385 100.428 3.074
201412 2.404 99.070 3.140
201503 3.079 99.621 4.000
201506 2.552 100.684 3.280
201509 2.303 100.392 2.969
201512 2.872 99.792 3.725
201603 2.256 100.470 2.906
201606 2.636 101.688 3.355
201609 2.668 101.861 3.390
201612 2.583 101.863 3.282
201703 2.314 102.862 2.911
201706 2.406 103.349 3.013
201709 2.381 104.136 2.959
201712 -3.493 104.011 -4.346
201803 2.558 105.290 3.144
201806 2.828 106.317 3.443
201809 3.944 106.507 4.792
201812 2.097 105.998 2.560
201903 2.765 107.251 3.337
201906 1.851 108.070 2.217
201909 2.513 108.329 3.002
201912 2.873 108.420 3.429
202003 0.782 108.902 0.929
202006 3.009 108.767 3.580
202009 0.810 109.815 0.955
202012 3.447 109.897 4.059
202103 4.170 111.754 4.829
202106 4.325 114.631 4.883
202109 6.863 115.734 7.675
202112 4.976 117.630 5.475
202203 3.384 121.301 3.610
202206 2.524 125.017 2.613
202209 2.412 125.227 2.493
202212 1.679 125.222 1.735
202303 1.979 127.348 2.011
202306 2.136 128.729 2.147
202309 2.864 129.860 2.854
202312 2.450 129.419 2.450
202403 1.145 129.419 1.145

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Franklin Resources  (BSP:F1RA34) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Franklin Resources Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Franklin Resources's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Franklin Resources (BSP:F1RA34) Business Description

Traded in Other Exchanges
Address
One Franklin Parkway, San Mateo, CA, USA, 94403
Franklin Resources provides investment services for individual and institutional investors. At the end of October 2023, Franklin had $1.335 trillion in managed assets, composed primarily of equity (31%), fixed-income (35%), multi-asset/balanced (11%) funds, alternatives (19%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (50% of AUM) and institutional accounts (48%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the U.S.-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 29% of managed assets sourced from clients domiciled outside the United States.

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