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Raymond James Financial (NYSE:RJF) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Raymond James Financial Forward PE Ratio Related Terms
Raymond James Financial Forward PE Ratio Historical Data
* 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.
Raymond James Financial Forward PE Ratio Chart
Raymond James Financial Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
14.37
14.49
12.11
10.80
11.67
14.47
10.41
10.36
12.18
15.10
Raymond James Financial Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
14.29
11.55
12.66
14.37
17.09
16.81
16.47
14.49
14.51
13.87
11.81
12.11
10.25
11.31
10.86
10.80
11.59
8.49
12.92
11.67
15.06
17.18
14.60
14.47
13.97
15.04
9.72
10.41
11.00
9.95
10.50
10.36
11.98
13.83
12.36
12.18
14.78
12.58
13.77
15.10
13.72
11.68
RJF vs NTRS, ARES, TROW: Forward PE Ratio Comparison
For the Asset Management subindustry, Raymond James Financial's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Raymond James Financial Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Forward PE Ratio falls into.
Raymond James Financial Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Raymond James Financial (RJF) has a Forward PE Ratio of 11.98 as of Jul. 19, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Raymond James Financial and its competitors. According to the industry distribution chart, Raymond James Financial ranks #185 out of 325 companies in the Asset Management industry, placing it in the top 56.9%.
Is Raymond James Financial's Forward PE Ratio too high?
Raymond James Financial's current Forward PE Ratio is 11.98. The Asset Management industry median Forward PE Ratio is 11.04. Raymond James Financial's value of 11.98 is 8.5% above this industry median. Based on the distribution chart, Raymond James Financial ranks #185 out of 325 companies in the Asset Management industry, which is below the industry midpoint. Overall, Raymond James Financial has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raymond James Financial's Forward PE Ratio compare to NTRS and ARES?
According to the Asset Management industry distribution chart, Raymond James Financial ranks #185 out of 325 companies for Forward PE Ratio. This places Raymond James Financial in the lower half of its industry. The industry median Forward PE Ratio is 11.04. Raymond James Financial's value of 11.98 is 8.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 11.04, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raymond James Financial's current Forward PE Ratio of 11.98 is 8.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Raymond James Financial and its competitors. For the Asset Management industry, the median Forward PE Ratio is 11.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond James Financial's current Forward PE Ratio is 11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raymond James Financial stock overvalued right now?
Based on GuruFocus' analysis, Raymond James Financial (RJF) is currently considered Fairly Valued. The stock's GF Value™ is $170.33, compared to a current price of $168.36 — trading 1.2% below its estimated fair value. The current Forward PE Ratio is 11.98 and 8.5% above the Asset Management industry median of 11.04. Raymond James Financial's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Raymond James Financial (RJF), the current Forward PE Ratio is 11.98 as of Jul. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Raymond James Financial (RJF) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond James Financial stock appears to be undervalued.
The current stock price of $168.36 is trading 1.2% below its estimated GF Value™ of $170.33.
GuruFocus considers Raymond James Financial to be Fairly Valued.
Key valuation signals for RJF:
Forward PE Ratio: 11.98
GF Value™: $170.33 vs. price of $168.36 (1.2% below fair value)
Industry Position: 8.5% above the Asset Management median (#185 of 325)
No single metric tells the full story. See the RJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives over 90% of its revenue and an even larger percentage of its operating income, from the United States.
83GF Score
Get the complete analysis for RJF
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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