Raymond James Financial, Inc.

Raymond James Financial, Inc.

RJFยทNYSE

$146.56

+0.51%
Financial ServicesFinancial - Capital Markets

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.

At a Glance

Live Snapshot
Market Cap$28.56B
EPS10.5300
P/E Ratio13.92
Earnings Date07/22/2026
Raymond James Financial, Inc.

Raymond James Financial, Inc. Fair Value Envelope

RJF ยท NYSE

Our analysis suggests that RJF has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $146.56, this represents a potential HIDDEN relative to our calculated worth for Raymond James Financial, Inc..

Intrinsic Value
Current Price: $146.56

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$112.3B
+ Cash & Equivalents$11.4B
Firm Value$123.7B
- Debt$4.5B
Equity Value$119.1B
/ Shares Outstanding198,100,000B
DCF Value$601
UNDERVALUED BY 310%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.8B
$3.2B
$3.7B
$4.3B
$4.9B
$5.7B
$6.5B
$7.5B
$8.7B
$10.0B
Maintenance CapEx
-$43.3M
-$49.9M
-$57.5M
-$66.2M
-$76.2M
-$87.8M
-$101.1M
-$116.5M
-$134.1M
-$154.5M
Owner Earnings
$2.8B
$3.2B
$3.7B
$4.2B
$4.9B
$5.6B
$6.4B
$7.4B
$8.5B
$9.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$2.6B
$2.7B
$2.9B
$3.1B
$3.3B
$3.5B
$3.8B
$4.0B
$4.3B
$4.6B
Terminal Value represents 69.1% of Enterprise Value