Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Mar. 2026, Raymond James Financial has a Sloan Ratio of 5.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Raymond James Financial (NYSE:RJF) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Raymond James Financial has a Sloan Ratio of 5.98%, indicating the company is in the safe zone and there is no funny business with accruals.
Raymond James Financial Sloan Ratio % Related Terms
Raymond James Financial Sloan Ratio % 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.
For the Asset Management subindustry, Raymond James Financial's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Raymond James Financial's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Raymond James Financial's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Raymond James Financial's Sloan Ratio for the fiscal year that ended in Sep. 2025 is calculated as
Raymond James Financial's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 436 (Jun. 2025 ) + 604 (Sep. 2025 ) + 563 (Dec. 2025 ) + 544 (Mar. 2026 ) = $2,147 Mil.
Raymond James Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 691 (Jun. 2025 ) + 796 (Sep. 2025 ) + -10 (Dec. 2025 ) + 1099 (Mar. 2026 ) = $2,576 Mil.
Raymond James Financial's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1302 (Jun. 2025 ) + -1423 (Sep. 2025 ) + -1865 (Dec. 2025 ) + -1337 (Mar. 2026 ) = $-5,927 Mil.
* 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 Sloan Ratio % of 5.98% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Raymond James Financial and its competitors.
Is Raymond James Financial's Sloan Ratio % too high?
Raymond James Financial's current Sloan Ratio % is 5.98%. 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 Sloan Ratio % compare to NTRS and ARES?
Raymond James Financial's Sloan Ratio % of 5.98% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Asset Management company?
A good Sloan Ratio % depends on the Asset Management industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Raymond James Financial and its competitors. Raymond James Financial's current Sloan Ratio % is 5.98%. 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 Sloan Ratio % is 5.98%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Raymond James Financial (RJF), the current Sloan Ratio % is 5.98% 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:
Sloan Ratio %: 5.98%
GF Value™: $170.42 vs. price of $168.36 (1.2% below 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
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RJF has been successfully added to your 
