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Franklin Resources, Inc. — Intrinsic Value & Fair Price

BEN
NYSEFinancial ServicesAsset ManagementCIK 0000038777franklintempleton.com/corporateAbout BEN
Last close · Oct 16, 202630.98−0.40 (−1.27%)
Market cap$15.7B
Model value · P/E · peers
28.61
Franklin Resources closed at $30.98 — overvalued by 8% vs model.
21.43the model's range35.44

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
18.43 – 72.48
Wall St. target
35.50 13% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $30.98 · as of Oct 17, 2026
P/E · peersused21.43 – 35.4428.618% overvaluedP/E · own history19.53 – 49.0226.6216% overvaluedPEG—72.4857% undervaluedDividend discount13.65 – 26.5218.4368% overvaluedWall St. consensus target—35.5013% belowCost of capital (WACC)—9.88%—

P/E · peers leads for a financial company. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.26%
Past 2 years
low 3.66%high 7.56%
Dividends per share, a year at a time
$1.13Dec ’21$1.17Dec ’22$1.21Jan ’24$1.24Sep ’24$1.28Sep ’25$1.32TTM
Dividends / earnings, FY2025
130.3%
Raised
24 years in a row
Growth, 5 yrs
3.2% a year
Last change
+3.1% · Dec 2025
Every payment, with ex-dates · latest $0.33, paid Oct 9, 2026

Research on BEN

No posts on BEN yet.
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How it is valued

Valued asFinancial
Low/slowing growth (~6% recent)Moderate margins (6% net margin)Strong dividend yieldHighly cyclical earningsStrong FCF yield (5.8%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
34.0×
Price / book
1.1×
Return on equity
4.3%
Dividend yield, TTM
4.26%
Net margin
6.0%
Debt / equity
1.1
Full financials

Superinvestors

13F · Q2 2026
All 2 holders

Analyst actions

third-party, quoted
10-07UBS · target40.00
09-25Morgan Stanley · target35.00
08-03Deutsche Bank · target34.00
05-06Morgan Stanley · “Equal Weight” from “Underweight”upgrade
Ratings, targets and estimates

Recent

filings, insider trades and key news
51 filings · 39 insider transactions

Comparable companies

by business, not by industry label
IVZInvescoTROWT. Rowe PriceBLKBlackRockAMPAmeriprise FinancialSTTState Street
1 more company lists BEN as a comparable
PFGPrincipal Financial Group

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just BEN. No account.

About Franklin Resources

Franklin Resources, Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.

CEO
Jennifer Johnson
Headquarters
San Mateo, CA
Employees
10,100
IPO
1983-09-23
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.