Franklin Resources, Inc. (BEN) Key Metrics
BEN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $15.74B
- Enterprise value
- $29.57B
- P/E (TTM)
- 21.1 10-yr median 13.1
- Forward P/E
- 10.3
- PEG ratio
- 0.41
- Price / sales
- 1.7 10-yr median 1.8
- Price / book
- 1.4 10-yr median 1.2
- EV / EBITDA
- 15.1 10-yr median 7.1
- Dividend yield
- 4.26% $1.32 a year
- Beta
- 1.58
BEN key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsBEN valuation Price multiples at each fiscal year-end price.
BEN returns How much profit the business earns on the capital it uses.
BEN per-share figures Results divided by the shares outstanding at year-end.
BEN financial health Debt, liquidity and how easily interest is covered.
BEN efficiency & capital use Working capital cycle and where the cash goes.
BEN valuation history
BEN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BEN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BEN cash returned to shareholders
BEN price vs earnings per share
BEN key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.92B | $10.28B | $12.06B | $10.53B | $14.58B | $10.01B | $14.55B | $16.36B | $24.89B | $20.77B |
| Enterprise value | $21.65B | $18.96B | $19.41B | $15.11B | $17.52B | $12.46B | $9.34B | $10.18B | $17.23B | $14.37B |
| P/E ratio | 22.7 | 22.1 | 13.7 | 8.2 | 8.0 | 12.5 | 12.2 | 21.4 | 14.7 | 12.0 |
| Price / sales | 1.4 | 1.2 | 1.5 | 1.3 | 1.7 | 1.8 | 2.5 | 2.6 | 3.9 | 3.1 |
| Price / book | 1.0 | 0.8 | 1.0 | 0.9 | 1.3 | 1.0 | 1.5 | 1.7 | 2.0 | 1.7 |
| Price / free cash flow | 13.1 | 12.9 | 12.2 | 5.6 | 12.5 | 10.9 | 418.2 | 7.7 | 23.5 | 12.7 |
| Price / operating cash flow | 11.2 | 10.6 | 10.6 | 5.4 | 11.7 | 9.8 | 54.2 | 7.3 | 21.9 | 12.0 |
| EV / sales | 2.5 | 2.2 | 2.5 | 1.8 | 2.1 | 2.2 | 1.6 | 1.6 | 2.7 | 2.2 |
| EV / EBITDA | 15.3 | 13.8 | 10.2 | 6.9 | 6.2 | 10.6 | 5.7 | 4.6 | 7.4 | 5.9 |
| EV / free cash flow | 23.7 | 23.9 | 19.6 | 8.1 | 15.0 | 13.6 | 268.5 | 4.8 | 16.3 | 8.8 |
| Earnings yield | 4.4% | 4.5% | 7.3% | 12.3% | 12.6% | 8.0% | 8.2% | 4.7% | 6.8% | 8.3% |
| Free cash flow yield | 7.6% | 7.7% | 8.2% | 17.7% | 8.0% | 9.2% | 0.2% | 13.0% | 4.3% | 7.8% |
| Dividend yield | 5.7% | 6.4% | 5.0% | 5.5% | 3.8% | 5.3% | 3.6% | 12.9% | 1.8% | 2.0% |
| Shareholder yield (dividends + buybacks) | 7.8% | 9.1% | 7.2% | 7.3% | 5.3% | 7.5% | 8.7% | 21.6% | 4.8% | 8.3% |
| Share price at fiscal year-end | $23.13 | $20.15 | $24.58 | $21.52 | $29.72 | $20.35 | $28.86 | $30.41 | $44.51 | $35.57 |
| Per share | ||||||||||
| Revenue per share | $17.02 | $16.61 | $15.99 | $16.91 | $17.17 | $11.32 | $11.45 | $11.75 | $11.43 | $11.34 |
| Earnings per share | $1.02 | $0.91 | $1.80 | $2.64 | $3.73 | $1.62 | $2.37 | $1.42 | $3.03 | $2.96 |
| Operating cash flow per share | $2.07 | $1.90 | $2.32 | $4.00 | $2.54 | $2.08 | $0.53 | $4.14 | $2.03 | $2.96 |
| Free cash flow per share | $1.77 | $1.56 | $2.02 | $3.81 | $2.38 | $1.87 | $0.07 | $3.95 | $1.90 | $2.79 |
| Cash per share | $6.93 | $8.64 | $8.97 | $9.77 | $9.47 | $8.11 | $11.81 | $12.84 | $15.65 | $14.53 |
| Book value per share | $23.43 | $24.51 | $24.28 | $23.45 | $22.88 | $20.56 | $19.64 | $18.40 | $22.57 | $20.45 |
| Tangible book value per share | $3.31 | $2.93 | $2.06 | $1.25 | $4.19 | $1.42 | $13.71 | $14.06 | $18.59 | $16.66 |
| Dividends per share | $1.33 | $1.29 | $1.24 | $1.19 | $1.14 | $1.08 | $1.03 | $3.93 | $0.79 | $0.70 |
| Capex per share | $0.30 | $0.35 | $0.30 | $0.18 | $0.16 | $0.21 | $0.46 | $0.20 | $0.13 | $0.17 |
| Debt per share | $25.81 | $25.65 | $23.95 | $19.13 | $15.47 | $13.09 | $1.48 | $1.35 | $1.96 | $3.57 |
| Shares outstanding | 515.4M | 510.3M | 490.8M | 489.3M | 490.6M | 491.9M | 504.3M | 538.0M | 559.1M | 583.8M |
| Change in shares outstanding | +1.0% | +4.0% | +0.3% | −0.3% | −0.3% | −2.5% | −6.3% | −3.8% | −4.2% | −5.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.3% | 3.8% | 7.5% | 11.4% | 17.2% | 8.0% | 12.1% | 6.8% | 13.8% | 14.1% |
| Return on invested capital (ROIC) | 2.0% | 1.5% | 4.8% | 9.1% | 12.0% | 9.4% | 27.1% | 24.4% | 30.3% | 25.2% |
| Return on assets (ROA) | 1.6% | 1.5% | 3.0% | 4.9% | 8.0% | 4.4% | 8.3% | 4.8% | 10.1% | 10.6% |
| Return on tangible assets | 2.4% | 2.2% | 4.6% | 7.5% | 12.2% | 6.5% | 10.4% | 6.3% | 11.1% | 12.4% |
| Free cash flow margin | 10.4% | 9.4% | 12.6% | 22.6% | 13.8% | 16.5% | 0.6% | 33.6% | 16.6% | 24.6% |
| Income quality (OCF / net income) | 2.03 | 2.09 | 1.29 | 1.51 | 0.68 | 1.28 | 0.22 | 2.92 | 0.67 | 1.00 |
| Financial health | ||||||||||
| Total debt | $13.30B | $13.09B | $11.75B | $9.36B | $7.59B | $6.44B | $747.7M | $728.5M | $1.10B | $2.08B |
| Cash & short-term investments | $3.57B | $4.41B | $4.40B | $4.78B | $4.65B | $3.99B | $5.96B | $6.91B | $8.75B | $8.48B |
| Net debt | $9.73B | $8.68B | $7.35B | $4.58B | $2.94B | $2.45B | −$5.21B | −$6.18B | −$7.65B | −$6.40B |
| Debt / equity | 1.10 | 1.05 | 0.99 | 0.82 | 0.68 | 0.64 | 0.08 | 0.07 | 0.09 | 0.17 |
| Debt / assets | 0.41 | 0.40 | 0.39 | 0.33 | 0.31 | 0.30 | 0.05 | 0.05 | 0.06 | 0.13 |
| Net debt / EBITDA | 6.88 | 6.31 | 3.85 | 2.08 | 1.04 | 2.08 | −3.16 | −2.82 | −3.26 | −2.61 |
| Current ratio | 2.71 | 3.24 | 4.13 | 3.70 | 3.51 | 3.00 | 5.37 | 5.58 | 20.34 | 27.46 |
| Quick ratio | 2.71 | 3.24 | 4.13 | 3.70 | 3.51 | 0.00 | 5.37 | 5.83 | 20.99 | 30.78 |
| Interest coverage | 6.4 | 4.2 | 8.9 | 18.1 | 22.0 | 31.4 | 63.1 | 43.5 | 44.0 | 47.4 |
| Working capital | $3.23B | $4.07B | $4.36B | $4.41B | $4.34B | $3.48B | $5.53B | $6.37B | $9.27B | $8.94B |
| Invested capital | $21.80B | $21.19B | $19.27B | $16.05B | $14.16B | $12.56B | $4.70B | $3.72B | $4.97B | $5.54B |
| Tangible asset value | $3.82B | $3.55B | $2.67B | $2.96B | $3.58B | $2.00B | $8.38B | $8.92B | $12.65B | $10.38B |
| Net current asset value | −$13.06B | −$12.01B | −$10.80B | −$8.19B | −$5.35B | −$5.05B | $3.64B | $4.63B | $7.10B | $5.77B |
| Graham number | $23.17 | $22.41 | $31.35 | $37.32 | $43.83 | $27.41 | $32.37 | $24.25 | $39.26 | $36.89 |
| Graham net-net per share | −$26.09 | −$24.26 | −$22.68 | −$17.38 | −$11.63 | −$5.59 | $6.79 | $7.88 | $11.96 | $8.58 |
| Capital allocation | ||||||||||
| Dividends paid | $683.7M | $656.4M | $607.3M | $583.1M | $559.7M | $533.2M | $518.6M | $2.12B | $441.2M | $408.7M |
| Share buybacks (net) | $240.3M | $274.4M | $256.3M | $180.8M | $208.2M | $218.2M | $754.5M | $1.42B | $765.3M | $1.31B |
| Dividend payout ratio | 130.3% | 141.2% | 68.8% | 45.1% | 30.6% | 66.7% | 43.4% | 276.9% | 26.0% | 23.7% |
| Dividends + buybacks / free cash flow | 101.4% | 117.2% | 87.2% | 40.9% | 65.9% | 81.9% | — | 166.8% | 113.8% | 105.3% |
| Capex / revenue | 1.8% | 2.1% | 1.9% | 1.1% | 0.9% | 1.9% | 4.0% | 1.7% | 1.2% | 1.5% |
| Capex / operating cash flow | 14.5% | 18.2% | 13.1% | 4.6% | 6.4% | 10.2% | 87.0% | 4.8% | 6.6% | 5.6% |
| Capex / depreciation | 0.29 | 0.39 | 0.33 | 0.24 | 0.26 | 0.81 | 2.50 | 1.39 | 0.93 | 1.12 |
| Stock-based compensation / revenue | 2.4% | 2.9% | 2.7% | 2.5% | 2.0% | 2.2% | 1.9% | 1.9% | 1.9% | 2.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 55.8% | 55.1% | 51.8% | 49.8% | 50.0% | 52.4% | 14.1% | 12.2% | 10.4% | 10.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 62.9 | 60.9 | 60.8 | 59.4 | 57.6 | 67.9 | 53.3 | 53.4 | 51.3 | 45.0 |
| Days of inventory on hand | — | — | — | 0.0 | — | 1,793.9 | — | -35.1 | -75.7 | -121.3 |
| Days payables outstanding | 327.2 | 248.1 | 242.5 | 275.1 | 265.1 | 230.6 | 28.5 | 27.6 | 27.6 | 23.8 |
| Cash conversion cycle (days) | -264.4 | -187.2 | -181.8 | -215.7 | -207.5 | 1,631.3 | 24.8 | -9.3 | -52.0 | -100.1 |
| Receivables turnover | 5.81 | 6.00 | 6.01 | 6.15 | 6.33 | 5.37 | 6.85 | 6.83 | 7.12 | 8.11 |
| Payables turnover | 1.12 | 1.47 | 1.50 | 1.33 | 1.38 | 1.58 | 12.81 | 13.23 | 13.20 | 15.35 |
| Inventory turnover | — | — | — | 1,426,400,000.00 | — | 0.20 | — | — | — | — |
| Asset turnover | 0.27 | 0.27 | 0.27 | 0.32 | 0.37 | 0.31 | 0.40 | 0.40 | 0.38 | 0.41 |
| Average receivables | $1.51B | $1.41B | $1.31B | $1.35B | $1.33B | $1.04B | $843.5M | $924.9M | $898.1M | $816.1M |
| Average payables | $1.55B | $1.15B | $996.4M | $1.08B | $1.04B | $671.2M | $265.6M | $259.2M | $262.4M | $232.7M |
| Average inventory | — | — | — | $1 | — | $5.22B | — | −$330.1M | −$718.2M | −$1.19B |
| Intangibles / total assets | 32.0% | 33.9% | 36.2% | 38.7% | 37.9% | 43.4% | 20.6% | 16.2% | 12.7% | 13.7% |
Computed from BEN's annual financial statements (latest annual report filed November 10, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BEN valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Franklin Templeton traded at 22.7 times earnings, against a 10-year median of 13.1. Based on the latest twelve months, the trailing P/E is 21.1 and the forward P/E is 10.3. Franklin Templeton earned a return on equity of 4.3% and a return on invested capital of 2.0% in fiscal 2025. It ended the year with $13.3 billion of debt and $3.6 billion in cash and short-term investments, net debt of $9.7 billion. It returned $924.0 million to shareholders: $683.7 million in dividends and $240.3 million in share buybacks, 101% of free cash flow. The share count fell 11.7% from 583.8M to 515.4M over 9 years.
See the BEN income statement, the BEN chart for price history, or the BEN stock overview for the latest quote and news.
BEN key metrics FAQ
What is Franklin Templeton's P/E ratio?
Franklin Templeton's trailing P/E ratio is 21.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.3. At the end of fiscal 2025 it was 22.7, compared with a 10-year median of 13.1.
What is Franklin Templeton's EV/EBITDA?
Franklin Templeton's enterprise value was 15.3 times EBITDA at the end of fiscal 2025 (enterprise value $21.6 billion, EBITDA $1.4 billion); the current EV/EBITDA is 15.1.
What is Franklin Templeton's return on equity?
Franklin Templeton's return on equity (ROE) was 4.3% in fiscal 2025: net income of $524.9 million on average shareholders' equity of $12.3 billion.
What is Franklin Templeton's ROIC?
Franklin Templeton's return on invested capital was 2.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Franklin Templeton have?
Franklin Templeton had total debt of $13.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.10 and $9.7 billion of net debt (6.88 times EBITDA).
What is Franklin Templeton's dividend yield?
Franklin Templeton's forward dividend yield is 4.26%. Franklin Templeton paid $683.7 million in dividends in fiscal 2025 ($1.33 per share), a payout ratio of 130.3%.
Does Franklin Templeton buy back its shares?
Yes. Franklin Templeton spent $240.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.0% over the year, to 515.4M..
What is Franklin Templeton's free cash flow yield?
Franklin Templeton generated $911.6 million of free cash flow in fiscal 2025, a free cash flow yield of 7.6% on its market value at year-end ($11.9 billion).
What is Franklin Templeton's current ratio?
Franklin Templeton's current ratio was 2.71 at the end of fiscal 2025: current assets were 2.71 times current liabilities.