Raymond James Financial, Inc. (RJF) P/E Ratio History
Fairly ValuedTrading at 15.4x, near 5Y avg of 14.1x · 80th percentile · In line with own history · Data 1990–2026
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P/E Ratio Analysis
As of September 24, 2026, Raymond James Financial, Inc. (RJF) trades at a price-to-earnings ratio of 15.4x, with a stock price of $158.23 and trailing twelve-month earnings per share of $11.69.
The current P/E is roughly in line with its 5-year average of 14.1x. Over the past five years, RJF's P/E has ranged from a low of 12.3x to a high of 16.8x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.9x, RJF is roughly in line with its sector peers. The sector includes 804 companies with P/E ratios ranging from 0.0x to 157.5x.
The PEG ratio of 0.71 (P/E divided by 6% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, RJF trades at a notable discount to the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our RJF DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
RJF Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
RJF P/E vs Peers
Wealth Management Platforms peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $11B | 12.2Lowest | 1.71 | -6% | |
| $3B | 17.8 | - | +108%Best | |
| $24B | 27.7 | 2.09 | -22% | |
| $4B | 22.4 | 2.57 | +36% | |
| $9B | 20.9 | 3.24 | +7% | |
| $10B | 18.5 | 1.63 | +55% | |
| $4B | 17.0 | - | -19% | |
| $313B | 19.5 | 2.03 | +28% | |
| $288B | 18.2 | 1.16 | +27% | |
| $251B | 13.0 | 0.18Best | +18% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
RJF Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $152.03 | $11.48 | 13.2x | -4% |
| FY2026 Q2 | - | $144.79 | $10.59 | 13.7x | -0% |
| FY2026 Q1 | Dec 31 2025 | $160.59 | $10.23 | 15.7x | +14% |
| FY2025 Q4 | - | $172.60 | $10.30 | 16.8x | +22% |
| FY2025 Q3 | Jun 30 2025 | $153.37 | $10.20 | 15.0x | +10% |
| FY2025 Q2 | Mar 31 2025 | $138.91 | $10.39 | 13.4x | -3% |
| FY2025 Q1 | - | $155.33 | $10.25 | 15.2x | +10% |
| FY2024 Q4 | Sep 30 2024 | $122.46 | $9.71 | 12.6x | -8% |
| FY2024 Q3 | Jun 30 2024 | $123.61 | $8.87 | 13.9x | +2% |
| FY2024 Q2 | Mar 31 2024 | $128.42 | $8.27 | 15.5x | +13% |
| FY2024 Q1 | Dec 31 2023 | $111.50 | $7.98 | 14.0x | +2% |
| FY2023 Q4 | Sep 30 2023 | $100.43 | $7.96 | 12.6x | -8% |
| FY2023 Q3 | Jun 30 2023 | $103.77 | $7.92 | 13.1x | -5% |
| FY2023 Q2 | Mar 31 2023 | $93.27 | $7.59 | 12.3x | -10% |
| FY2023 Q1 | Dec 31 2022 | $106.85 | $7.18 | 14.9x | +8% |
| FY2022 Q4 | Sep 30 2022 | $98.82 | $6.98 | 14.2x | +3% |
| FY2022 Q3 | - | $89.41 | $7.02 | 12.7x | -7% |
| FY2022 Q2 | - | $109.91 | $7.09 | 15.5x | +13% |
| FY2022 Q1 | Dec 31 2021 | $100.40 | $7.25 | 13.8x | +1% |
| FY2021 Q4 | - | $92.28 | $6.64 | 13.9x | +1% |
| FY2021 Q3 | Jun 30 2021 | $86.60 | $5.62 | 15.4x | +12% |
| FY2021 Q2 | Mar 31 2021 | $81.71 | $4.99 | 16.4x | +19% |
| FY2021 Q1 | - | $63.78 | $4.11 | 15.5x | +13% |
| FY2020 Q4 | Sep 30 2020 | $48.51 | $3.88 | 12.5x | -9% |
| FY2020 Q3 | - | $45.89 | $4.12 | 11.1x | -19% |
| FY2020 Q2 | - | $42.13 | $4.50 | 9.4x | -32% |
| FY2020 Q1 | - | $59.64 | $4.91 | 12.1x | -12% |
| FY2019 Q4 | Sep 30 2019 | $54.97 | $4.78 | 11.5x | -16% |
| FY2019 Q3 | Jun 30 2019 | $56.37 | $4.71 | 12.0x | -13% |
| FY2019 Q2 | Mar 31 2019 | $53.61 | $4.55 | 11.8x | -14% |
| FY2019 Q1 | Dec 31 2018 | $49.61 | $4.43 | 11.2x | -18% |
| FY2018 Q4 | Sep 30 2018 | $61.37 | $3.83 | 16.0x | +17% |
| FY2018 Q3 | Jun 30 2018 | $59.57 | $3.53 | 16.9x | +23% |
| FY2018 Q2 | Mar 31 2018 | $59.61 | $3.32 | 18.0x | +31% |
| FY2018 Q1 | Dec 31 2017 | $59.53 | $2.74 | 21.7x | +58% |
| FY2017 Q4 | Sep 30 2017 | $56.22 | $2.88 | 19.5x | +42% |
| FY2017 Q3 | Jun 30 2017 | $53.48 | $2.80 | 19.1x | +39% |
| FY2017 Q2 | Mar 31 2017 | $50.84 | $2.55 | 19.9x | +45% |
| FY2017 Q1 | Dec 31 2016 | $46.18 | $2.62 | 17.6x | +28% |
| FY2016 Q4 | Sep 30 2016 | $38.81 | $2.44 | 15.9x | +16% |
| FY2016 Q3 | - | $32.87 | $2.24 | 14.7x | +7% |
| FY2016 Q2 | - | $31.74 | $2.27 | 14.0x | +2% |
| FY2016 Q1 | - | $38.65 | $2.20 | 17.6x | +28% |
| FY2015 Q4 | Sep 30 2015 | $33.09 | $2.29 | 14.4x | +5% |
| FY2015 Q3 | - | $39.72 | $2.33 | 17.0x | +24% |
| FY2015 Q2 | - | $37.85 | $2.29 | 16.5x | +20% |
| FY2015 Q1 | Dec 31 2014 | $38.19 | $2.26 | 16.9x | +23% |
| FY2014 Q4 | - | $35.72 | $2.22 | 16.1x | +17% |
| FY2014 Q3 | Jun 30 2014 | $33.82 | $2.14 | 15.8x | +15% |
| FY2014 Q2 | Mar 31 2014 | $37.29 | $1.96 | 19.0x | +39% |
| FY2014 Q1 | - | $34.79 | $1.85 | 18.8x | +37% |
| FY2013 Q4 | Sep 30 2013 | $27.78 | $1.72 | 16.2x | +18% |
| FY2013 Q3 | Jun 30 2013 | $28.65 | $1.57 | 18.2x | +33% |
| FY2013 Q2 | Mar 31 2013 | $30.73 | $1.55 | 19.8x | +44% |
| FY2013 Q1 | Dec 31 2012 | $25.69 | $1.53 | 16.8x | +22% |
| FY2012 Q4 | Sep 30 2012 | $24.43 | $1.48 | 16.5x | +20% |
| FY2012 Q3 | Jun 30 2012 | $22.83 | $1.45 | 15.7x | +15% |
| FY2012 Q2 | Mar 31 2012 | $24.35 | $1.33 | 18.3x | +33% |
| FY2012 Q1 | Dec 31 2011 | $20.64 | $1.42 | 14.5x | +6% |
| FY2011 Q4 | Sep 30 2011 | $17.31 | $1.51 | 11.5x | -16% |
| FY2011 Q3 | - | $21.43 | $1.52 | 14.1x | +3% |
| FY2011 Q2 | - | $25.49 | $1.61 | 15.8x | +15% |
| FY2011 Q1 | Dec 31 2010 | $21.80 | $1.47 | 14.8x | +8% |
| FY2010 Q4 | - | $16.89 | $1.26 | 13.4x | -2% |
| FY2010 Q3 | Jun 30 2010 | $16.46 | $1.12 | 14.7x | +7% |
| FY2010 Q2 | Mar 31 2010 | $17.83 | $1.02 | 17.5x | +27% |
| FY2010 Q1 | - | $15.85 | $0.75 | 21.0x | +53% |
| FY2009 Q4 | Sep 30 2009 | $15.52 | $0.86 | 17.9x | +31% |
| FY2009 Q3 | - | $11.47 | $0.90 | 12.7x | -8% |
| FY2009 Q2 | - | $13.13 | $1.05 | 12.4x | -9% |
| FY2009 Q1 | Dec 31 2008 | $11.42 | $1.35 | 8.5x | -38% |
| FY2008 Q4 | - | $21.99 | $1.31 | 16.8x | +22% |
| FY2008 Q3 | Jun 30 2008 | $17.59 | $1.38 | 12.7x | -7% |
| FY2008 Q2 | Mar 31 2008 | $15.32 | $1.37 | 11.2x | -19% |
| FY2008 Q1 | Dec 31 2007 | $21.77 | $1.38 | 15.8x | +15% |
| FY2007 Q4 | Sep 30 2007 | $21.90 | $1.41 | 15.5x | +13% |
| FY2007 Q3 | Jun 30 2007 | $20.60 | $1.35 | 15.3x | +11% |
| FY2007 Q2 | Mar 31 2007 | $19.84 | $1.29 | 15.4x | +12% |
| FY2007 Q1 | Dec 31 2006 | $20.21 | $1.30 | 15.5x | +13% |
| FY2006 Q4 | Sep 30 2006 | $19.49 | $1.23 | 15.8x | +15% |
| FY2006 Q3 | Jun 30 2006 | $20.18 | $1.20 | 16.8x | +22% |
| FY2006 Q2 | Mar 31 2006 | $19.71 | $1.07 | 18.4x | +34% |
| FY2006 Q1 | Dec 31 2005 | $16.74 | $0.92 | 18.2x | +33% |
| FY2005 Q4 | Sep 30 2005 | $14.28 | $0.88 | 16.2x | +18% |
| FY2005 Q3 | Jun 24 2005 | $12.36 | $0.80 | 15.4x | +13% |
| FY2005 Q2 | - | $13.84 | $0.79 | 17.5x | +28% |
| FY2005 Q1 | Dec 31 2004 | $13.77 | $0.85 | 16.2x | +18% |
| FY2004 Q4 | - | $10.72 | $0.77 | 13.9x | +1% |
| FY2004 Q3 | Jun 25 2004 | $11.76 | $0.79 | 14.9x | +8% |
| FY2004 Q2 | Mar 26 2004 | $11.00 | $0.75 | 14.7x | +7% |
| FY2004 Q1 | Dec 26 2003 | $10.85 | $0.58 | 18.6x | +36% |
| FY2003 Q4 | - | $10.77 | $0.52 | 20.8x | +51% |
| FY2003 Q3 | Jun 27 2003 | $9.70 | $0.45 | 21.6x | +58% |
| FY2003 Q2 | Mar 28 2003 | $7.84 | $0.43 | 18.3x | +33% |
| FY2003 Q1 | Dec 27 2002 | $8.99 | $0.45 | 20.1x | +47% |
| FY2002 Q4 | Sep 30 2002 | $8.02 | $0.47 | 17.1x | +24% |
| FY2002 Q3 | Jun 28 2002 | $8.44 | $0.42 | 20.3x | +48% |
| FY2002 Q2 | - | $10.14 | $0.47 | 21.7x | +58% |
| FY2002 Q1 | Dec 28 2001 | $10.44 | $0.50 | 21.0x | +53% |
| FY2001 Q4 | Sep 30 2001 | $8.04 | $0.59 | 13.7x | -0% |
| FY2001 Q3 | Jun 29 2001 | $9.07 | $0.74 | 12.3x | -11% |
| FY2001 Q2 | Mar 30 2001 | $8.24 | $0.72 | 11.4x | -17% |
| FY2001 Q1 | Dec 29 2000 | $10.33 | $0.82 | 12.6x | -8% |
| FY2000 Q4 | Sep 30 2000 | $9.76 | $0.79 | 12.4x | -10% |
| FY2000 Q3 | Jun 30 2000 | $6.67 | $0.70 | 9.5x | -31% |
| FY2000 Q2 | Mar 31 2000 | $6.15 | $0.70 | 8.8x | -36% |
| FY2000 Q1 | Dec 31 1999 | $5.52 | $0.59 | 9.4x | -32% |
| FY1999 Q4 | - | $5.91 | $0.53 | 11.2x | -19% |
| FY1999 Q3 | Jun 25 1999 | $6.31 | $0.52 | 12.1x | -12% |
| FY1999 Q2 | Mar 26 1999 | $5.93 | $0.51 | 11.6x | -15% |
| FY1999 Q1 | - | $6.09 | $0.53 | 11.5x | -16% |
| FY1998 Q4 | Sep 30 1998 | $6.22 | $0.56 | 11.1x | -19% |
| FY1998 Q3 | Jun 26 1998 | $9.06 | $0.59 | 15.4x | +12% |
| FY1998 Q2 | Mar 27 1998 | $8.44 | $0.55 | 15.3x | +12% |
| FY1998 Q1 | Dec 26 1997 | $7.61 | $0.63 | 12.1x | -12% |
| FY1997 Q4 | - | $7.11 | $0.60 | 11.8x | -14% |
| FY1997 Q3 | Jun 27 1997 | $5.42 | $0.56 | 9.7x | -30% |
| FY1997 Q2 | - | $4.36 | $0.58 | 7.5x | -45% |
| FY1997 Q1 | Dec 27 1996 | $3.95 | $0.45 | 8.8x | -36% |
| FY1996 Q4 | Sep 30 1996 | $3.19 | $0.42 | 7.6x | -44% |
| FY1996 Q3 | Jun 28 1996 | $2.98 | $0.39 | 7.7x | -44% |
| FY1996 Q2 | Mar 29 1996 | $2.96 | $0.36 | 8.3x | -40% |
| FY1996 Q1 | Dec 29 1995 | $2.80 | $0.33 | 8.6x | -37% |
| FY1995 Q4 | Sep 30 1995 | $2.86 | $0.30 | 9.7x | -30% |
| FY1995 Q3 | Jun 30 1995 | $2.55 | $0.26 | 9.7x | -29% |
| FY1995 Q2 | Mar 31 1995 | $2.27 | $0.22 | 10.4x | -24% |
| FY1995 Q1 | Dec 30 1994 | $1.84 | $0.23 | 8.1x | -41% |
| FY1994 Q4 | Sep 30 1994 | $2.04 | $0.26 | 8.0x | -42% |
| FY1994 Q3 | - | $1.91 | $0.29 | 6.7x | -51% |
| FY1994 Q2 | - | $2.04 | $0.31 | 6.5x | -52% |
| FY1994 Q1 | Dec 31 1993 | $2.19 | $0.32 | 6.9x | -49% |
| FY1993 Q4 | - | $2.46 | $0.30 | 8.3x | -40% |
| FY1993 Q3 | Jun 30 1993 | $2.09 | $0.27 | 7.7x | -44% |
| FY1993 Q2 | Mar 31 1993 | $2.00 | $0.27 | 7.5x | -45% |
| FY1993 Q1 | - | $1.96 | $0.26 | 7.6x | -45% |
| FY1992 Q4 | Sep 30 1992 | $1.50 | $0.25 | 6.1x | -56% |
| FY1992 Q3 | - | $1.82 | $0.23 | 7.9x | -42% |
| FY1992 Q2 | - | $2.35 | $0.21 | 11.3x | -18% |
| FY1992 Q1 | - | $1.80 | $0.18 | 9.7x | -29% |
| FY1991 Q4 | Sep 30 1991 | $1.53 | $0.16 | 9.3x | -32% |
| FY1991 Q3 | Jun 30 1991 | $1.28 | $0.15 | 8.5x | -38% |
| FY1991 Q2 | Mar 31 1991 | $1.19 | $0.14 | 8.6x | -38% |
| FY1991 Q1 | Dec 31 1990 | $0.72 | $0.12 | 6.2x | -55% |
| FY1990 Q4 | Sep 30 1990 | $0.61 | $0.11 | 5.4x | -60% |
| FY1990 Q3 | Jun 30 1990 | $0.77 | $0.11 | 7.3x | -47% |
Average P/E for displayed period: 13.7x
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RJF — Frequently Asked Questions
Quick answers to the most common questions about buying RJF stock.
What is RJF's P/E ratio?
Raymond James Financial, Inc. (RJF) trailing twelve-month P/E ratio is 15.4x, based on TTM diluted EPS of $11.69. The 5-year average P/E is 14.1x and the historical range spans 12.3x to 16.8x.
Is RJF stock overvalued or undervalued?
RJF trades at 15.4x P/E, near its 5-year average of 14.1x. The 80th percentile ranking within the 12.3x–16.8x historical range places valuation within normal bounds.
Is RJF stock expensive?
RJF is fairly valued relative to its own history. The current P/E of 15.4x is near the 5-year average of 14.1x (80th percentile of historical range).
What is RJF's historical P/E range?
Over the past 5 years, RJF's P/E ratio has ranged from 12.3x to 16.8x, with a median of 13.9x and an average of 14.1x. The current P/E of 15.4x places the stock at the 80th percentile of this range. Full historical data spans 1990–2026.
How does RJF's P/E compare to the S&P 500?
RJF trades at 15.4x P/E versus the S&P 500 median of 25.3x. The 39% discount to the market suggests lower growth expectations or perceived higher risk.
How does RJF's valuation compare to Financial Services peers?
Raymond James Financial, Inc. P/E of 15.4x compares to the Financial Services sector median of 13.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is RJF's PEG ratio?
RJF PEG ratio is 0.71, based on a P/E of 15.4x and EPS growth of 6.2%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is RJF's earnings yield?
RJF earnings yield is 6.51%, the inverse of its 15.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.