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Franklin ResourcesBEN +0.97%77 Equity-to-Asset is 0.32 as of Jun. 2026, which is 32% below its 10-year median of 0.47. GuruFocus rates BEN with a GF Score™ of 77/100 and a GF Value™ of $22.74 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,633 Asset Management companies, Franklin Resources ranks worse than 89.9% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Franklin Resources's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $11,738 Mil. Franklin Resources's Total Assets for the quarter that ended in Jun. 2026 was $36,243 Mil.
Therefore, Franklin Resources's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.32.
The historical rank and industry rank for Franklin Resources's Equity-to-Asset or its related term are showing as below:
BEN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.47 Max: 0.74
Current: 0.32
During the past 13 years, the highest Equity to Asset Ratio of Franklin Resources was 0.74. The lowest was 0.32. And the median was 0.47.
BEN's Equity-to-Asset is ranked worse than 89.9% of 1633
companies
in the Asset Management industry
Industry Median: 0.83
vs BEN: 0.32
Franklin Resources (NYSE:BEN) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Franklin Resources Equity-to-Asset Related Terms
Franklin Resources Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Franklin Resources's Equity-to-Asset 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.
For the Asset Management subindustry, Franklin Resources's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Franklin Resources Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Franklin Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Franklin Resources's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Franklin Resources's Equity to Asset Ratio for the fiscal year that ended in Sep. 2025 is calculated as
* 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.
Franklin Resources (BEN) has a Equity-to-Asset of 0.32 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Franklin Resources and its competitors. This is 32% below median its historical median of 0.47. Over the past decade, Franklin Resources' Equity-to-Asset has ranged from 0.32 to 0.74. According to the industry distribution chart, Franklin Resources ranks #1468 out of 1633 companies in the Asset Management industry, placing it in the top 89.9%.
Is Franklin Resources' Equity-to-Asset too high?
Franklin Resources' current Equity-to-Asset of 0.32 is 32% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.74. The Asset Management industry median Equity-to-Asset is 0.83. Franklin Resources' value of 0.32 is 61.4% below this industry median. Based on the distribution chart, Franklin Resources ranks #1468 out of 1633 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Franklin Resources has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Franklin Resources' Equity-to-Asset compare to CG and CRBG?
According to the Asset Management industry distribution chart, Franklin Resources ranks #1468 out of 1633 companies for Equity-to-Asset. This places Franklin Resources in the lower half of its industry. The industry median Equity-to-Asset is 0.83. Franklin Resources' value of 0.32 is 61.4% below this benchmark. Historically, Franklin Resources' own Equity-to-Asset has ranged from 0.32 to 0.74 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.83, Franklin Resources has consistently been below 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 Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,633 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Franklin Resources's current Equity-to-Asset of 0.32 is 61.4% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Franklin Resources and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin Resources's current Equity-to-Asset is 0.32, which is 32% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Resources stock overvalued right now?
Based on GuruFocus' analysis, Franklin Resources (BEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.74, compared to a current price of $34.19 — trading 50.4% above its estimated fair value. The current Equity-to-Asset is 0.32, which is 32% below median its 10-year median of 0.47 and 61.4% below the Asset Management industry median of 0.83. Franklin Resources' overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Franklin Resources (BEN), the current Equity-to-Asset is 0.32 as of Jun. 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 Franklin Resources (BEN) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin Resources stock appears to be overvalued.
The current stock price of $34.19 is trading 50.4% above its estimated GF Value™ of $22.74.
GuruFocus considers Franklin Resources to be Significantly Overvalued.
Key valuation signals for BEN:
Equity-to-Asset: 0.32 (32% below median its 10-year median of 0.47)
GF Value™: $22.74 vs. price of $34.19 (50.4% above fair value)
Industry Position: 61.4% below the Asset Management median (#1468 of 1633)
No single metric tells the full story. See the BEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin Resources provides investment services for individual and institutional investors. At the end of May 2026, Franklin had $1.780 trillion in managed assets, composed primarily of equity (40%), fixed-income (26%), multi-asset/balanced (12%) funds, alternatives (17%), and money market funds (5%). Distribution tends to be weighted between retail investors (57% of assets under management) and institutional accounts (40%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with 30% of its AUM invested in global/international strategies and 29% sourced from clients domiciled outside the United States.
77GF Score
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