EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Raymond James Financial, Inc. (R1JF34) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Raymond James Financial, Inc. BRL 125, price BRL 68.46, upside +82.3%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
  3. Add to watchlist

Financial Services · BR · Home US

RJ Some data Sep 29, 2026

Raymond James Financial, Inc.

R1JF34 · SA

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value R$124.80 · Strongly undervalued (+82.3%)
✓Quality 61/100
✓Healthy Growth (revenue 3y +12.1 %/yr)
✓Solidly profitable · 14.6% net margin (TTM)
✓Low debt · generates free cash flow
✓0.5% dividend yield · Well covered
!Mixed vs. peers (6/11)
!Moderate moat 59/100
!Insider activity 30/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 10 out of 100
Watch Raymond James Financial, Inc. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

R$81.67 R$34.82 Fair Value R$124.80 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

60‑month range R$34.82 – R$81.67 · fair‑value band R$78.29 – R$169.63 · the R$68.46 price screens below the R$124.80 fair value. Dashed = 300-day average. As of Sep 29, 2026.

Follow Raymond James Financial in your weekly email

Every Wednesday you see whether Raymond James Financial is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show more

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 financial planning, investment advisory, securities transaction, investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party mutual fund and annuity companies, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; and custodial, trade execution, research, and other support and services. The Capital Markets segment provides investment banking services, such as equity and debt underwriting, and merger and acquisition advisory; and fixed income and equity brokerage services. This segment also offers institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. The Asset Management segment provides asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Bank segment offers various types of loans, including securities-based, corporate, commercial and industrial, commercial real estate and construction, real estate investment trust, residential mortgage, and tax-exempt loans; Federal Deposit Insurance Corporation-insured deposit accounts; retail and corporate deposit; and liquidity management products and services. The Other segment engages in the private equity investments comprising investments in third-party funds. The company offers corporate, retail banking and trust services. Raymond James Financial, Inc. was founded in 1962 and is headquartered in Saint Petersburg, Florida.

Stock analysis

Raymond James Financial, Inc. (R1JF34) currently trades at R$68.46, while our model-based Fair Value estimate is R$124.80, implying the stock looks roughly 45.1% undervalued today.

Show more

Valuation

Bull case: the DCF Models group reads highest at a median of R$150.56 per share, and 8 of the 13 models we run sit above the R$68.46 price.

Bear case: the Dividend Discount group reads lowest at R$14.98, and 5 of the 13 models stay below the price. Evidence for this calculation is medium.

Scenario range: R$78.29 (bear) to R$169.63 (bull), the price of R$68.46 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Raymond James Financial, Inc. reported revenue of $15.9B in FY2025 versus $11.3B in FY2022, a compound +12.1%/yr. Reported net income was $2.1B in FY2025, compounding +12.3%/yr from FY2022.

Key figures

Market cap R$166B (≈ $31.8B) · P/E ratio 15.6 · P/S ratio 2.09 · EPS (TTM) R$27.43 · Dividend yield 0.5% · Net margin 13.4% · Return on equity 17.3% · Return on assets (EBIT) 2.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 82%, R1JF34 screens cheaper than that median.

Fair Value models

Bear R$78.29 Fair Value R$124.80 Bull R$169.63
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (R$25.35 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Growth DCF R$117.09 R$183.29 R$290.47 74
Owner Earnings R$113.81 R$180.78 R$290.32 72
Rev-Margin DCF R$85.37 R$125.45 R$174.79 70
All 13 models by family
DCF Models
Owner Earnings R$113.81 R$180.78 R$290.32 72
5Y P/E Exit R$97.22 R$148.56 R$204.46 68
10Y P/E Exit R$103.08 R$150.56 R$212.46 61
Earnings-Based
Graham-Dodd R$32.49 R$127.05 R$172.42 61
Lynch FV R$31.27 R$44.67 R$58.07 58
Dividend Discount
Gordon GGM R$8.55 R$17.77 R$28.19 63
DDM Multi-Stage R$8.55 R$14.98 R$18.65 64
Multiples
P/E Multiple R$78.82 R$105.10 R$131.37 63
P/B Multiple R$60.91 R$81.21 R$101.52 55
Asset-Based
NCAV (Graham) R$13.99 R$18.74 R$27.98 54
Growth DCF
Growth DCF R$117.09 R$183.29 R$290.47 74
Rev-Margin DCF R$85.37 R$125.45 R$174.79 70
Economic Profit
Residual Income R$30.99 R$40.95 R$68.55 70

Open the full fair value analysis →

Notify me when R1JF34 reaches fair value

Put R1JF34 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 53

Profitability 37
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.0%
Dividend (yield on the price)0.5%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 17%

Watch R1JF34, get fair value alerts →

Compare Raymond James Financial, Inc. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 655 stocks

Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 61 · Above median
Fair Value upside +98.6% · Top 25%
Profitability
Return on equity (TTM) 17.3% · Top 25%
Return on assets 2.5% · Above median
Net margin (TTM) 14.6% · Below median
Operating margin (TTM) 19.3% · Below median
Growth and dividend
Revenue growth 13.1% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Balance sheet
Debt / equity 0.34× · Above median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (TTM) 15.6× · Pricier than median
PEG 0.93× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 60
FUTURE (revenue growth)66 · sector 35
PAST (return on equity)69 · sector 22
HEALTH (low debt)83 · sector 95
DIVIDEND (yield)10 · sector 81

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $112.09 $52.29 −53%
KKR & Co KKR $93.18 $29.26 −69%
Brookfield Corporation BN $36.87 $13.45 −64%
Apollo Global Management, Inc APO $116.06 $197.23 +70%
State Street Corporation STT $177.78 $139.37 −22%
Ameriprise Financial, Inc AMP $494.82 $595.40 +20%
Ares Management Corporation ARES $122.01 $103.68 −15%
Northern Trust Corporation NTRS $175.73 $123.42 −30%
Exor N.V EXO €68.10 €136.20 +100%
Principal Financial Group PFG $112.24 $47.18 −58%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Raymond James Financial, Inc. · Fair Value
R$124.80 +45%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Raymond James Financial, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/R1JF34

Frequently asked questions

Is Raymond James Financial, Inc. (R1JF34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$124.80 versus a price of R$68.46, about +82% upside (undervalued).
What is the fair value of R1JF34?
Our model-based fair value for Raymond James Financial, Inc. is R$124.80 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$68.46.
What is the quality score of R1JF34?
Raymond James Financial, Inc. has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Raymond James Financial, Inc. (R1JF34)?
Our model-based price target is the fair value of R$124.80 (as of Sep 29, 2026) from 13 valuation models. Cautious scenario R$78.29, optimistic scenario R$169.63. It is a calculation from audited fundamentals, not an analyst target.
What is the Raymond James Financial, Inc. stock forecast for 2026?
Our models put fair value at R$124.80, about +82% upside versus a price of R$68.46 (undervalued). Cautious scenario R$78.29, optimistic scenario R$169.63. The calculation is refreshed regularly with new filings.
What is the revenue of Raymond James Financial, Inc. (R1JF34)?
Raymond James Financial, Inc. reported trailing-twelve-month revenue of about $14.7B (latest available figure, as of Sep 29, 2026).
Does Raymond James Financial, Inc. pay a dividend?
Raymond James Financial, Inc. currently shows a dividend yield of about 0.48% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Raymond James Financial, Inc. (R1JF34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Raymond James Financial, Inc. it is R$124.80 per share (as of Sep 29, 2026), against a price of R$68.46. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Raymond James Financial, Inc. stock overvalued or undervalued in 2026?
As of Sep 29, 2026, R1JF34 trades below its calculated fair value: price R$68.46, fair value R$124.80, a gap of about +82% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of R1JF34?
No. The price is what the market pays today (R$68.46); the fair value is what the company's own numbers justify (R$124.80). For Raymond James Financial, Inc. the two are R$56.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Raymond James Financial, Inc. worth?
The market values Raymond James Financial, Inc. at about R$166B (market capitalisation, as of Sep 29, 2026). Per share that is R$68.46; our models calculate a fair value of R$124.80 per share.
What do the bullish and bearish scenarios say about R1JF34?
Our models span a range for Raymond James Financial, Inc.: cautious scenario R$78.29, base R$124.80, optimistic R$169.63 per share (as of Sep 29, 2026, price R$68.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of R1JF34?
Raymond James Financial, Inc. trades at a price-to-earnings ratio of 15.6 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$124.80 is built from several models across several years. Other multiples: PEG 0.9.
What is the PEG ratio of R1JF34?
The PEG ratio of Raymond James Financial, Inc. is 0.93 (P/E divided by earnings growth, as of Sep 29, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Raymond James Financial, Inc. (R1JF34)?
Balance-sheet figures for Raymond James Financial, Inc. (as of Sep 29, 2026): return on equity 17.3%, debt of 0.34 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is R1JF34 from its 52-week high?
Raymond James Financial, Inc. trades at R$68.46, about 13% below its 52-week high of R$78.49 and 8% above the low of R$63.55 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$124.80 is for.
Which stocks are comparable to Raymond James Financial, Inc.?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Raymond James Financial, Inc. stock attractive at the current price?
The data as of Sep 29, 2026: price R$68.46, calculated fair value R$124.80 (+82%), Quality Score 61/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of R1JF34 calculated?
We run Raymond James Financial, Inc. through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$124.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Raymond James Financial, Inc. currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Raymond James Financial, Inc. (R1JF34)?
The closing price on Oct 2, 2026 was R$68.46. Our model-based fair value is R$124.80, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Raymond James Financial, Inc. right now?
The price is below even our cautious bear case (R$78.29). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (R$78.29 to R$169.63) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Raymond James Financial, Inc.

How large is the market capitalisation of Raymond James Financial, Inc. (R1JF34)?
The market capitalisation of Raymond James Financial, Inc. is R$166B (≈ $31.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Raymond James Financial, Inc. (R1JF34)?
The price-to-sales ratio of Raymond James Financial, Inc. is 2.09 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Raymond James Financial, Inc. (R1JF34)?
Earnings per share at Raymond James Financial, Inc. are R$27.43 (price ÷ EPS = P/E 15.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Raymond James Financial, Inc. (R1JF34)?
The dividend yield of Raymond James Financial, Inc. is 0.5% (payout 1.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Raymond James Financial, Inc. (R1JF34)?
The net margin of Raymond James Financial, Inc. is 13.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Raymond James Financial, Inc. (R1JF34)?
The return on equity (ROE) of Raymond James Financial, Inc. is 17.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Raymond James Financial, Inc. (R1JF34)?
On an EBIT basis the return on assets of Raymond James Financial, Inc. is 2.9% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Raymond James Financial, Inc. (R1JF34)?
The operating margin of Raymond James Financial, Inc. is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Raymond James Financial, Inc. (R1JF34)?
Revenue at Raymond James Financial, Inc. is growing +13.1% versus a year earlier (3y avg +12.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Raymond James Financial, Inc. (R1JF34)?
Earnings per share at Raymond James Financial, Inc. are growing +15.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Raymond James Financial, Inc. (R1JF34) generate?
The free cash flow of Raymond James Financial, Inc. is $2.2B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
Free · no account needed

Watch Raymond James Financial, Inc. in the live analysis

One click puts Raymond James Financial, Inc. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.