RJF
Raymond James Financial
$178.36
▼ 0.5%Updated Aug 7, 11:30 AM ET
RJF at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 47/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 5.1% over the last 12 months
Market Cap
$31.70B
P/E
16.17x
Forward P/E (est.)
15.89x
ROE
17.2%
Revenue Growth
5.3%
EPS Growth
1.8%
Profit Margin
13.0%
FCF Yield
5.5%
Debt / Equity
5.14x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
1.4%
Implied Growth (rev. DCF)
1.8%
Rating Score
47/100
Raymond James Financial (RJF) is a large-cap company in the Investment Banking & Brokerage industry, part of the Financials sector of the S&P 500, with a market value around $31.70B.
In its latest reported year it generated about $15.91B in revenue and $2.13B in net profit.
Our model rates RJF Neutral (47/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what RJF's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. RJF trades near $178.36, above its 50-day average ($153.04) and 200-day average ($158.24). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 68 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. RJF's is $4.12 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month RJF found buyers near $146.64 (support) and sellers near $163.98 (resistance); its 52-week range is $138.82–$177.66. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
12.6%
Revenue moved from $5.52B in 2016 to $15.91B in 2025, a 12.5% compound annual growth rate. The most recent year grew a steady 5.3% year over year. Slower, mature growth is common for established businesses.
Gross Margin
87.0%
Operating Margin
16.7%
Net Margin
13.4%
ROE
17.2%
Raymond James Financial keeps about 13.0% of each sales dollar as net profit, with a 87.0% gross margin and 16.7% operating margin. Return on equity is 17.2%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$0.00
Net Debt
-$11.22B
Net cash position
Net Debt / EBITDA
—
Debt / Equity
5.14x
Leverage: debt-to-equity is 5.1x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $0.00 of total debt against $11.22B of cash.
Operating CF
$2.43B
Free Cash Flow
$2.25B
FCF Margin
14.1%
In the latest year Raymond James Financial produced about $2.43B of operating cash flow and $2.25B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.5% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
1.4%
Per share (latest FY)
$2.00
Total paid (latest FY)
$218.00M
History on record
6 years
dividend uses 10% of free cash flow
10% of net income paid out
total dividends increased 5 years in a row
no cuts in the last 6 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
16.17x
P/S
1.94x
P/B
3.08x
EV / EBITDA
—
RJF trades at 16.2x trailing earnings (about 15.9x on estimated forward earnings), 1.9x sales, and 3.1x book value. Reverse-engineering today's price implies the market expects roughly 1.8% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$212.59
Current price
$178.36
Starting FCF (latest 10-K)
$2.25B
Growth, years 1–5
5.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where RJF sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How RJF stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), RJF ranks #121 of 289 by our overall rating. It trades at roughly in line versus the sector on earnings (16.2x P/E vs. 15.8x median) with a higher return on equity (17.2% vs. 13.6%) and slower revenue growth (5.3% vs. 15.9%).
P/E vs sector
16.2x
median 15.8x
ROE vs sector
17.2%
median 13.6%
Growth vs sector
5.3%
median 15.9%
Sector rank
#121
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $178.36 today · expected CAGR -4% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $16.71B | $17.54B | $18.42B | $19.34B | $20.31B |
| Net income | $2.17B | $2.28B | $2.39B | $2.51B | $2.64B |
| EPS | $12.22 | $12.83 | $13.47 | $14.15 | $14.85 |
| Share price (low) | $122.21 | $128.32 | $134.73 | $141.47 | $148.54 |
| Share price (high) | $195.53 | $205.31 | $215.58 | $226.35 | $237.67 |
| CAGR (low–high) | -31% / 10% | -15% / 7% | -9% / 7% | -6% / 6% | -4% / 6% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for RJF:
- Strong return on equity (17.2%) shows capital is put to work well.
- Healthy free-cash-flow yield (~5.5%) funds buybacks and dividends.
The case against RJF:
- Elevated leverage (debt/equity 5.1x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 5.1x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Raymond James Financial is a large-cap financials business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 16.2x earnings, which our model scores Neutral (47/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 19 Wall Street analysts covering RJF recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+3 pts of buy ratings).
Latest SEC Filings
RJF's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
RJF — frequently asked questions
Is RJF a good stock to buy?
We don't give buy or sell advice. Our model rates Raymond James Financial Neutral (47/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is RJF's rating on The Stocks School?
Raymond James Financial currently scores 47/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does RJF's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Raymond James Financial's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for RJF calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this RJF analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell RJF. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.