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Raymond James FinancialRJF -0.79%83 Debt-to-Equity is 0.34 as of Mar. 2026, which is 8% below its 10-year median of 0.37. GuruFocus rates RJF with a GF Score™ of 83/100 and a GF Value™ of $170.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 961 Asset Management companies, Raymond James Financial ranks worse than 61.29% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Raymond James Financial's Debt-to-Equity or its related term are showing as below:
RJF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.37 Max: 0.55
Current: 0.34
During the past 13 years, the highest Debt-to-Equity Ratio of Raymond James Financial was 0.55. The lowest was 0.24. And the median was 0.37.
RJF's Debt-to-Equity is ranked worse than 61.29% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs RJF: 0.34
Raymond James Financial (NYSE:RJF) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Raymond James Financial Debt-to-Equity Related Terms
Raymond James Financial Debt-to-Equity Historical Data
* 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.
RJF vs NTRS, ARES, TROW: Debt-to-Equity Comparison
For the Asset Management subindustry, Raymond James Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Debt-to-Equity falls into.
* 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 (RJF) has a Debt-to-Equity of 0.34 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Raymond James Financial and its competitors. This is near median its historical median of 0.37. Over the past decade, Raymond James Financial's Debt-to-Equity has ranged from 0.24 to 0.55. According to the industry distribution chart, Raymond James Financial ranks #589 out of 961 companies in the Asset Management industry, placing it in the top 61.3%.
Is Raymond James Financial's Debt-to-Equity too high?
Raymond James Financial's current Debt-to-Equity of 0.34 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.55. The Asset Management industry median Debt-to-Equity is 0.21. Raymond James Financial's value of 0.34 is 61.9% above this industry median. Based on the distribution chart, Raymond James Financial ranks #589 out of 961 companies in the Asset Management industry, which is below the industry midpoint. Overall, Raymond James Financial has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Raymond James Financial's Debt-to-Equity compare to NTRS and ARES?
According to the Asset Management industry distribution chart, Raymond James Financial ranks #589 out of 961 companies for Debt-to-Equity. This places Raymond James Financial in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Raymond James Financial's value of 0.34 is 61.9% above this benchmark. Historically, Raymond James Financial's own Debt-to-Equity has ranged from 0.24 to 0.55 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.21, 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 Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raymond James Financial's current Debt-to-Equity of 0.34 is 61.9% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Raymond James Financial and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond James Financial's current Debt-to-Equity is 0.34, which is near median its own 10-year median of 0.37. 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 (RJF) is currently considered Fairly Valued. The stock's GF Value™ is $170.42, compared to a current price of $168.36 — trading 1.2% below its estimated fair value. The current Debt-to-Equity is 0.34, which is near median its 10-year median of 0.37 and 61.9% above the Asset Management industry median of 0.21. Raymond James Financial's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Raymond James Financial (RJF), the current Debt-to-Equity is 0.34 as of Mar. 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 (RJF) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond James Financial stock appears to be undervalued.
The current stock price of $168.36 is trading 1.2% below its estimated GF Value™ of $170.42.
GuruFocus considers Raymond James Financial to be Fairly Valued.
Key valuation signals for RJF:
Debt-to-Equity: 0.34 (near median its 10-year median of 0.37)
GF Value™: $170.42 vs. price of $168.36 (1.2% below fair value)
Industry Position: 61.9% above the Asset Management median (#589 of 961)
No single metric tells the full story. See the 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.
83GF Score
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