Question 1

What is Franklin Resources's P/FCF ratio?

Accepted Answer

Franklin Resources (BEN) P/FCF ratio is 18.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Franklin Resources?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Franklin Resources specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Franklin Resources's P/FCF ratio high or low?

Accepted Answer

Franklin Resources's P/FCF ratio of 18.1× is above its own 5-year average of 12.2× and above the sector median of 12.0×. That places the current reading at the 96th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, Franklin Resources (BEN) P/FCF ratio has ranged from a low of 6.7× in 2022 to a high of 38.4× in 2009. The 5-year average is 12.2× and the 5-year median is 12.7×.

Question 7

What was Franklin Resources's P/FCF ratio in 2025?

Accepted Answer

Franklin Resources (BEN) P/FCF ratio at the end of 2025 was 13.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Franklin Resources's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$11.9B	$912M	13.1×	-0.0×	Sep 30, 2025
2024	$10.4B	$794M	13.1×	+0.4×	Sep 30, 2024
2023	$12B	$949M	12.7×	+7.0×	Sep 30, 2023
2022	$10.5B	$1.87B	5.6×	-6.8×	Sep 30, 2022
2021	$14.5B	$1.17B	12.5×	+2.2×	Sep 30, 2021
2020	$9.99B	$974M	10.3×	—	Sep 30, 2020
2019	$14.4B	-$32.1M	—	—	Sep 30, 2019
2018	$15.9B	$2.12B	7.5×	-15.8×	Sep 30, 2018
2017	$24.6B	$1.06B	23.2×	+10.8×	Sep 30, 2017
2016	$20.3B	$1.63B	12.5×	+2.1×	Sep 30, 2016
2015	$22.6B	$2.18B	10.4×	-5.9×	Sep 30, 2015
2014	$33.9B	$2.08B	16.3×	+0.1×	Sep 30, 2014
2013	$31.9B	$1.97B	16.1×	-10.8×	Sep 30, 2013
2012	$26.6B	$988M	26.9×	+13.1×	Sep 30, 2012
2011	$20.7B	$1.49B	13.9×	-1.1×	Sep 30, 2011
2010	$23.9B	$1.59B	15.0×	-23.5×	Sep 30, 2010
2009	$22.9B	$596M	38.4×	+23.2×	Sep 30, 2009
2008	$20.4B	$1.34B	15.2×	-4.7×	Sep 30, 2008
2007	$31.4B	$1.58B	19.9×	-1.1×	Sep 30, 2007
2006	$26.7B	$1.27B	21.0×	-1.1×	Sep 30, 2006
2005	$21.2B	$956M	22.2×	+1.4×	Sep 30, 2005
2004	$13.9B	$671M	20.8×	-1.2×	Sep 30, 2004
2003	$10.9B	$496M	22.0×	+9.7×	Sep 30, 2003
2002	$7.94B	$646M	12.3×	—	Sep 30, 2002


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Franklin Resources (BEN) 2002-2026

P/FCF Ratio daily chart for Franklin Resources (BEN)

Historical P/FCF Ratio for Franklin Resources (BEN) from 2002 to 2025

About P/FCF Ratio at Franklin Resources (BEN)

Franklin Resources P/FCF Ratio by Year

Franklin Resources P/FCF Ratio 2025: 13.1×

Franklin Resources P/FCF Ratio 2024: 13.1×

Franklin Resources P/FCF Ratio 2023: 12.7×

Franklin Resources P/FCF Ratio 2022: 5.6×

Franklin Resources P/FCF Ratio 2021: 12.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Franklin Resources (BEN) Key Financials