Start with its own history
At 13.18×, BEN is 14.2% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · BENAsset ManagementUpdated Nov 5, 2026
Franklin Resources, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.18×
14.2% belowthe 10-year annual average
Share price33.87
÷Earnings per share2.57
Price and EPS in quote currency. Calculation details
Investors are paying 13.18 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 15.37×
3-year average21.14×3 positive annual observations
5-year average16.04×5 positive annual observations
10-year average15.37×10 positive annual observations
Peer median · TTM12.34×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2025 | 25.42× | +7.2% |
| Sep 30, 2024 | 23.71× | +65.9% |
| Sep 30, 2023 | 14.29× | +68.0% |
| Sep 30, 2022 | 8.51× | +2.5% |
| Sep 30, 2021 | 8.30× | -35.1% |
| Sep 30, 2020 | 12.80× | +4.2% |
| Sep 30, 2019 | 12.28× | -42.8% |
| Sep 30, 2018 | 21.47× | +45.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 14.79× | +22.2% |
| Sep 30, 2016 | 12.10× | +6.8% |
| Sep 30, 2015 | 11.33× | -21.4% |
| Sep 30, 2014 | 14.41× | -3.9% |
| Sep 30, 2013 | 15.00× | +6.9% |
| Sep 30, 2012 | 14.03× | +27.2% |
| Sep 30, 2011 | 11.03× | -34.4% |
| Sep 30, 2010 | 16.81× | -34.8% |
| Sep 30, 2009 | 25.79× | +96.6% |
| Sep 30, 2008 | 13.12× | -28.5% |
| Sep 30, 2007 | 18.35× | -13.6% |
| Sep 30, 2006 | 21.23× | +7.0% |
| Sep 30, 2005 | 19.85× | +1.4% |
| Sep 30, 2004 | 19.57× | -12.4% |
| Sep 30, 2003 | 22.33× | +18.5% |
| Sep 30, 2002 | 18.85× | +7.2% |
| Sep 30, 2001 | 17.59× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How BEN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 BEN This stockFranklin Resources, Inc. | 13.18× |
 NTRSNorthern Trust Corporation | 13.88× |
 AMGAffiliated Managers Group, Inc. | 11.69× |
 BLKBlackRock, Inc. | 27.47× |
 SEICSEI Investments Company | 18.44× |
 APAMArtisan Partners Asset Management Inc. | 9.30× |
 PFGPrincipal Financial Group, Inc. | 12.98× |
 AMPAmeriprise Financial, Inc. | 11.71× |
 ABAllianceBernstein Holding L.P. | 10.44× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does BEN’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 12.34×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take BEN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("BEN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 33.87 ÷ EPS 2.57 = 13.18×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
BEN P/E ratio: common questions
The essentials behind the numbers.
Franklin Resources, Inc.'s current P/E is 13.18× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.