Raymond James FinancialFRA:RJF -4.23%80 ROE % is 17.42% as of Mar. 2026, which is 6% above its 10-year median of 16.51. GuruFocus rates FRA:RJF with a GF Score™ of 80/100 and a GF Value™ of €146.35 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,612 Asset Management companies, Raymond James Financial ranks better than 78.54% on this metric.
The historical rank and industry rank for Raymond James Financial's ROE % or its related term are showing as below:
FRA:RJF'
s ROE % Range Over the Past 10 Years
Min: 11.22 Med: 16.51 Max: 18.9
Current: 17.28
During the past 13 years, Raymond James Financial's highest ROE % was 18.90%. The lowest was 11.22%. And the median was 16.51%.
FRA:RJF's ROE % is ranked better than 78.54% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs FRA:RJF: 17.28
Raymond James Financial (FRA:RJF) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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, Raymond James Financial's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's ROE % distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Raymond James Financial (FRA:RJF) has a ROE % of 17.42% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Raymond James Financial and its competitors. This is near median its historical median of 16.51. Over the past decade, Raymond James Financial's ROE % has ranged from 11.22 to 18.90. According to the industry distribution chart, Raymond James Financial ranks #346 out of 1612 companies in the Asset Management industry, placing it in the top 21.5%.
Is Raymond James Financial's ROE % too high?
Raymond James Financial's current ROE % of 17.42% is near median its 10-year median of 16.51. Over the past 10 years, this metric has ranged from a low of 11.22 to a high of 18.90. The Asset Management industry median ROE % is 6.40. Raymond James Financial's value of 17.42% is 172.4% above this industry median. Based on the distribution chart, Raymond James Financial ranks #346 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Raymond James Financial has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Raymond James Financial's ROE % compare to ARES and NTRS?
According to the Asset Management industry distribution chart, Raymond James Financial ranks #346 out of 1612 companies for ROE %. This places Raymond James Financial in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. Raymond James Financial's value of 17.42% is 172.4% above this benchmark. Historically, Raymond James Financial's own ROE % has ranged from 11.22 to 18.90 over the past decade. While the company's 10-year median is 16.51 vs. the industry median of 6.40, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raymond James Financial's current ROE % of 17.42% is 172.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Raymond James Financial and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raymond James Financial's current ROE % is 17.42%, which is near median its own 10-year median of 16.51. 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 Modestly Undervalued. The stock's GF Value™ is €146.35, compared to a current price of €130.05 — trading 11.1% below its estimated fair value. The current ROE % is 17.42%, which is near median its 10-year median of 16.51 and 172.4% above the Asset Management industry median of 6.40. Raymond James Financial's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Raymond James Financial (FRA:RJF), the current ROE % is 17.42% 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 (FRA:RJF) Overvalued in 2026?
Based on GuruFocus' analysis, Raymond James Financial stock appears to be undervalued.
The current stock price of €130.05 is trading 11.1% below its estimated GF Value™ of €146.35.
GuruFocus considers Raymond James Financial to be Modestly Undervalued.
Key valuation signals for FRA:RJF:
ROE %: 17.42% (near median its 10-year median of 16.51)
GF Value™: €146.35 vs. price of €130.05 (11.1% below fair value)
Industry Position: 172.4% above the Asset Management median (#346 of 1612)
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.
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