Question 1

What is Franklin Resources's EV/EBITDA ratio?

Accepted Answer

Franklin Resources (BEN) EV/EBITDA ratio is 15.9× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Franklin Resources?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Franklin Resources specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is Franklin Resources's EV/EBITDA ratio high or low?

Accepted Answer

Franklin Resources's EV/EBITDA ratio of 15.9× is above its own 5-year average of 11.3× and above the sector median of 9.3×. That places the current reading at the 84th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Franklin Resources's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Franklin Resources (BEN) EV/EBITDA ratio has ranged from a low of 2.6× in 2020 to a high of 20.2× in 2025. The 5-year average is 11.3× and the 5-year median is 11.5×.

Question 7

What was Franklin Resources's EV/EBITDA ratio in 2025?

Accepted Answer

Franklin Resources (BEN) EV/EBITDA ratio at the end of 2025 was 15.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Franklin Resources's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$11.90B	$1.41B	15.3×	+1.4×	Sep 30, 2025
2024	$10.40B	$1.38B	13.9×	+3.8×	Sep 30, 2024
2023	$12.02B	$1.92B	10.1×	+3.3×	Sep 30, 2023
2022	$10.50B	$2.21B	6.8×	+0.7×	Sep 30, 2022
2021	$14.53B	$2.84B	6.2×	-4.4×	Sep 30, 2021
2020	$9.99B	$1.18B	10.6×	+5.4×	Sep 30, 2020
2019	$14.37B	$1.77B	5.2×	+1.0×	Sep 30, 2019
2018	$15.88B	$2.34B	4.1×	-2.2×	Sep 30, 2018
2017	$24.64B	$2.68B	6.3×	+1.1×	Sep 30, 2017
2016	$20.33B	$2.64B	5.3×	+0.1×	Sep 30, 2016
2015	$22.63B	$3.17B	5.2×	-2.8×	Sep 30, 2015
2014	$33.95B	$3.55B	8.0×	-0.8×	Sep 30, 2014
2013	$31.87B	$3.17B	8.8×	+0.7×	Sep 30, 2013
2012	$26.60B	$2.87B	8.1×	+2.8×	Sep 30, 2012
2011	$20.67B	$2.88B	5.3×	-2.8×	Sep 30, 2011
2010	$23.85B	$2.36B	8.2×	-4.4×	Sep 30, 2010
2009	$22.92B	$1.46B	12.6×	+5.9×	Sep 30, 2009
2008	$20.42B	$2.47B	6.7×	-1.1×	Sep 30, 2008
2007	$31.45B	$3.54B	7.8×	+1.2×	Sep 30, 2007
2006	$26.71B	$3.49B	6.5×	+0.1×	Sep 30, 2006
2005	$21.19B	$2.91B	6.4×	+1.0×	Sep 30, 2005
2004	$13.94B	$2.16B	5.5×	-0.2×	Sep 30, 2004
2003	$10.88B	$1.59B	5.7×	+1.7×	Sep 30, 2003
2002	$7.94B	$1.48B	4.0×	—	Sep 30, 2002


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for Franklin Resources (BEN)

EV/EBITDA daily chart for Franklin Resources (BEN)

Historical EV/EBITDA for Franklin Resources (BEN) from 2002 to 2025

About EV/EBITDA at Franklin Resources (BEN)

Franklin Resources EV/EBITDA by Year

Franklin Resources EV/EBITDA 2025: 15.3×

Franklin Resources EV/EBITDA 2024: 13.9×

Franklin Resources EV/EBITDA 2023: 10.1×

Franklin Resources EV/EBITDA 2022: 6.8×

Franklin Resources EV/EBITDA 2021: 6.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Franklin Resources (BEN) Key Financials

EV/EBITDA daily chart for Franklin Resources (BEN)

Historical EV/EBITDA for Franklin Resources (BEN) from 2002 to 2025

About EV/EBITDA at Franklin Resources (BEN)

Franklin Resources EV/EBITDA by Year

Franklin Resources EV/EBITDA 2025: 15.3×

Franklin Resources EV/EBITDA 2024: 13.9×

Franklin Resources EV/EBITDA 2023: 10.1×

Franklin Resources EV/EBITDA 2022: 6.8×

Franklin Resources EV/EBITDA 2021: 6.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Franklin Resources's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Franklin Resources?

+Is Franklin Resources's EV/EBITDA ratio high or low?

+What is Franklin Resources's historical EV/EBITDA ratio range?

+What was Franklin Resources's EV/EBITDA ratio in 2025?

+Why does Franklin Resources's EV/EBITDA ratio change over time?

Franklin Resources (BEN) Key Financials