Start with its own history
At 14.13×, RJF is 1.2% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · RJFAsset ManagementUpdated Nov 5, 2026
Raymond James Financial, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
14.13×
1.2% abovethe 10-year annual average
Share price168.69
÷Earnings per share11.94
Price and EPS in quote currency. Calculation details
Investors are paying 14.13 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 13.96×
3-year average13.91×3 positive annual observations
5-year average13.57×5 positive annual observations
10-year average13.96×10 positive annual observations
Peer median · TTM15.50×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2026 | 13.03× | -20.5% |
| Sep 30, 2025 | 16.39× | +33.0% |
| Sep 30, 2024 | 12.32× | +0.1% |
| Sep 30, 2023 | 12.31× | -10.8% |
| Sep 30, 2022 | 13.80× | +1.9% |
| Sep 30, 2021 | 13.55× | +10.6% |
| Sep 30, 2020 | 12.25× | +8.8% |
| Sep 30, 2019 | 11.26× | -28.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2018 | 15.66× | -17.5% |
| Sep 30, 2017 | 18.99× | +21.4% |
| Sep 30, 2016 | 15.65× | +10.7% |
| Sep 30, 2015 | 14.14× | -9.3% |
| Sep 30, 2014 | 15.60× | -1.2% |
| Sep 30, 2013 | 15.78× | -4.6% |
| Sep 30, 2012 | 16.55× | +40.5% |
| Sep 30, 2011 | 11.78× | -10.8% |
| Sep 30, 2010 | 13.20× | -26.0% |
| Sep 30, 2009 | 17.84× | +9.5% |
| Sep 30, 2008 | 16.29× | +4.4% |
| Sep 30, 2007 | 15.60× | +1.7% |
| Sep 30, 2006 | 15.35× | -2.2% |
| Sep 30, 2005 | 15.69× | +12.7% |
| Sep 30, 2004 | 13.92× | -31.5% |
| Sep 30, 2003 | 20.32× | +21.6% |
| Sep 30, 2002 | 16.71× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How RJF compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 RJF This stockRaymond James Financial, Inc. | 14.13× |
 MSMorgan Stanley | 15.30× |
 SCHWThe Charles Schwab Corporation | 15.85× |
 JEFJefferies Financial Group Inc. | 13.15× |
 AMPAmeriprise Financial, Inc. | 11.71× |
 SFStifel Financial Corp | 9.33× |
 LPLALPL Financial Holdings Inc. | 17.81× |
 PIPRPiper Sandler Companies | 15.71× |
 EVREvercore Inc. | 15.82× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does RJF’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 15.50×. 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 RJF 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("RJF", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 168.69 ÷ EPS 11.94 = 14.13×. 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.
RJF P/E ratio: common questions
The essentials behind the numbers.
Raymond James Financial, Inc.'s current P/E is 14.13× 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.