Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 14.68 as of Wednesday, August 5, 2026.
Forward PE Ratio (14.68) = Close Price ($180.55) / Consensus Forward EPS ($12.17)
FORWARD PE RATIO
14.68
SECTOR MEDIAN · FINANCIAL SERVICES
14.75
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
-0.47%
vs the sector median at left
Raymond James Financial, Inc.
Market Cap
$34.68B
Forward PE Ratio
14.68
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Raymond James Financial, Inc. (RJF) | $34.68B | 14.68 |
| Arch Capital Group Ltd. (ACGL)vs › | $34.62B | 10.66 |
| Huntington Bancshares Incorporated (HBAN)vs › | $35.56B | 12.50 |
| Northern Trust Corporation (NTRS)vs › | $33.73B | 15.92 |
| M&T Bank Corporation (MTB)vs › | $36.51B | 13.15 |
| Willis Towers Watson Public Limited Company (WTW)vs › | $31.40B | 17.20 |
| Citizens Financial Group, Inc. (CFG)vs › | $31.12B | 13.89 |
| The Hartford Insurance Group, Inc. (HIG)vs › | $39.37B | 11.14 |
| Coinbase Global, Inc. (COIN)vs › | $39.55B | N/A |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.80B | 20.68 |
Trailing P/E
15.6
reported TTM EPS
Forward P/E
14.7
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.17 implies +6.0% EPS growth vs the reported trailing $11.48.
At today's $180.55 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-09-30 | $12.17 | $11.74 – $12.41 | 9 | 14.8x |
| 2027-09-30 | $14.32 | $4.28 – $16.67 | 9 | 12.6x |
| 2028-09-30 | $16.75 | $15.19 – $18.31 | 2 | 10.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
