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The historical rank and industry rank for Raymond James Financial's Net Cash per Share or its related term are showing as below:
RJF's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 7.14 * Ranked among companies with meaningful Price-to-Net-Cash only.
Raymond James Financial (NYSE:RJF) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Raymond James Financial Net Cash per Share Related Terms
Raymond James Financial Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Raymond James Financial's Net Cash per Share 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.
RJF vs NTRS, ARES, PFG: Net Cash per Share Comparison
For the Asset Management subindustry, Raymond James Financial's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Price-to-Net-Cash falls into.
Raymond James Financial Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Raymond James Financial's Net Cash per Share 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.
Raymond James Financial (RJF) has a Net Cash per Share of $-351.00 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Raymond James Financial and its competitors. According to the industry distribution chart, Raymond James Financial ranks #999999 out of 447 companies in the Asset Management industry.
Is Raymond James Financial's Net Cash per Share too high?
Raymond James Financial's current Net Cash per Share is $-351.00. Based on the distribution chart, Raymond James Financial ranks #999999 out of 447 companies in the Asset Management industry, which is in the bottom quartile relative to peers. 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 Net Cash per Share compare to NTRS and ARES?
According to the Asset Management industry distribution chart, Raymond James Financial ranks #999999 out of 447 companies for Net Cash per Share. This places Raymond James Financial in the lower half of its industry. The industry median Net Cash per Share is 7.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Asset Management company?
The median Net Cash per Share among Asset Management companies is 7.14, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Raymond James Financial and its competitors. For the Asset Management industry, the median Net Cash per Share is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond James Financial's current Net Cash per Share is $-351.00. 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 $158.43, compared to a current price of $164.92 — trading 4.1% above its estimated fair value. The current Net Cash per Share is $-351.00. Raymond James Financial's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Raymond James Financial (RJF), the current Net Cash per Share is $-351.00 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 Raymond James Financial (RJF) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond James Financial stock appears to be overvalued.
The current stock price of $164.92 is trading 4.1% above its estimated GF Value™ of $158.43.
GuruFocus considers Raymond James Financial to be Fairly Valued.
Key valuation signals for RJF:
Net Cash per Share: $-351.00
GF Value™: $158.43 vs. price of $164.92 (4.1% above fair value)
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
Get the complete analysis for RJF
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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