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Raymond James FinancialFRA:RJF -0.69%75 Cyclically Adjusted PB Ratio is 3.85 as of Jul. 29, 2026, which is 20% above its 10-year median of 3.20. GuruFocus rates FRA:RJF with a GF Score™ of 75/100 and a GF Value™ of €147.63 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,001 Asset Management companies, Raymond James Financial ranks worse than 91.61% on this metric.
The historical rank and industry rank for Raymond James Financial's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:RJF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.69 Med: 3.2 Max: 4.27
Current: 3.81
During the past years, Raymond James Financial's highest Cyclically Adjusted PB Ratio was 4.27. The lowest was 1.69. And the median was 3.20.
FRA:RJF's Cyclically Adjusted PB Ratio is ranked worse than 91.61% of 1001
companies
in the Asset Management industry
Industry Median: 0.84
vs FRA:RJF: 3.81
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Raymond James Financial's adjusted book value per share data for the three months ended in Mar. 2026 was €55.995. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €39.54 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Raymond James Financial (FRA:RJF) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Raymond James Financial Cyclically Adjusted PB Ratio Related Terms
Raymond James Financial Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Raymond James Financial's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Raymond James Financial Cyclically Adjusted PB Ratio Chart
FRA:RJF vs ARES, TROW, PFG: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Raymond James Financial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Raymond James Financial Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Cyclically Adjusted PB Ratio falls into.
Raymond James Financial Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 3.85 mean?
Raymond James Financial (FRA:RJF) has a Cyclically Adjusted PB Ratio of 3.85 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Raymond James Financial and its competitors. This is 20% above median its historical median of 3.20. Over the past decade, Raymond James Financial's Cyclically Adjusted PB Ratio has ranged from 1.69 to 4.27. According to the industry distribution chart, Raymond James Financial ranks #917 out of 1001 companies in the Asset Management industry, placing it in the top 91.6%.
Is Raymond James Financial's Cyclically Adjusted PB Ratio too high?
Raymond James Financial's current Cyclically Adjusted PB Ratio of 3.85 is 20% above median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 4.27. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Raymond James Financial's value of 3.85 is 358.3% above this industry median. Based on the distribution chart, Raymond James Financial ranks #917 out of 1001 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Raymond James Financial has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raymond James Financial's Cyclically Adjusted PB Ratio compare to ARES and TROW?
According to the Asset Management industry distribution chart, Raymond James Financial ranks #917 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Raymond James Financial in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Raymond James Financial's value of 3.85 is 358.3% above this benchmark. Historically, Raymond James Financial's own Cyclically Adjusted PB Ratio has ranged from 1.69 to 4.27 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 0.84, Raymond James Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raymond James Financial's current Cyclically Adjusted PB Ratio of 3.85 is 358.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Raymond James Financial and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond James Financial's current Cyclically Adjusted PB Ratio is 3.85, which is 20% above median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raymond James Financial stock overvalued right now?
Based on GuruFocus' analysis, Raymond James Financial (FRA:RJF) is currently considered Fairly Valued. The stock's GF Value™ is €147.63, compared to a current price of €152.15 — trading 3.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.85, which is 20% above median its 10-year median of 3.20 and 358.3% above the Asset Management industry median of 0.84. Raymond James Financial's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Raymond James Financial (FRA:RJF), the current Cyclically Adjusted PB Ratio is 3.85 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Raymond James Financial (FRA:RJF) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond James Financial stock appears to be overvalued.
The current stock price of €152.15 is trading 3.1% above its estimated GF Value™ of €147.63.
GuruFocus considers Raymond James Financial to be Fairly Valued.
Key valuation signals for FRA:RJF:
Cyclically Adjusted PB Ratio: 3.85 (20% above median its 10-year median of 3.20)
GF Value™: €147.63 vs. price of €152.15 (3.1% above fair value)
Industry Position: 358.3% above the Asset Management median (#917 of 1001)
No single metric tells the full story. See the FRA:RJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalogue of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenues and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives over 90% of its revenue and an even larger percentage of its operating income, from the United States.
75GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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