Question 1

What is Franklin Resources's P/E ratio?

Accepted Answer

Franklin Resources (BEN) P/E ratio is 20.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Franklin Resources specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

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

Accepted Answer

Franklin Resources's P/E ratio of 20.0× is above its own 5-year average of 16.2× and above the sector median of 12.8×. That places the current reading at the 71th 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/E ratio range?

Accepted Answer

In the available daily series, Franklin Resources (BEN) P/E ratio has ranged from a low of 5.9× in 2022 to a high of 41.7× in 2025. The 5-year average is 16.2× and the 5-year median is 15.0×.

Question 7

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

Accepted Answer

Franklin Resources (BEN) P/E ratio at the end of 2025 was 22.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$524.90M	22.7×	+0.3×	Sep 30, 2025
2024	$10.40B	$464.80M	22.4×	+8.8×	Sep 30, 2024
2023	$12.02B	$882.80M	13.6×	+5.5×	Sep 30, 2023
2022	$10.50B	$1.29B	8.1×	+0.2×	Sep 30, 2022
2021	$14.53B	$1.83B	7.9×	-4.6×	Sep 30, 2021
2020	$9.99B	$798.90M	12.5×	+0.5×	Sep 30, 2020
2019	$14.37B	$1.20B	12.0×	-8.8×	Sep 30, 2019
2018	$15.88B	$764.40M	20.8×	+6.3×	Sep 30, 2018
2017	$24.64B	$1.70B	14.5×	+2.7×	Sep 30, 2017
2016	$20.33B	$1.73B	11.8×	+0.7×	Sep 30, 2016
2015	$22.63B	$2.04B	11.1×	-3.1×	Sep 30, 2015
2014	$33.95B	$2.38B	14.2×	-0.6×	Sep 30, 2014
2013	$31.87B	$2.15B	14.8×	+1.0×	Sep 30, 2013
2012	$26.60B	$1.93B	13.8×	+3.0×	Sep 30, 2012
2011	$20.67B	$1.92B	10.7×	-5.8×	Sep 30, 2011
2010	$23.85B	$1.45B	16.5×	-9.1×	Sep 30, 2010
2009	$22.92B	$896.78M	25.6×	+12.7×	Sep 30, 2009
2008	$20.42B	$1.59B	12.9×	-4.9×	Sep 30, 2008
2007	$31.45B	$1.77B	17.7×	-3.3×	Sep 30, 2007
2006	$26.71B	$1.27B	21.1×	+1.0×	Sep 30, 2006
2005	$21.19B	$1.06B	20.0×	+0.3×	Sep 30, 2005
2004	$13.94B	$706.66M	19.7×	-1.9×	Sep 30, 2004
2003	$10.88B	$502.83M	21.6×	+3.3×	Sep 30, 2003
2002	$7.94B	$432.72M	18.4×	—	Sep 30, 2002


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Franklin Resources (BEN)

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

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

About P/E Ratio at Franklin Resources (BEN)

Franklin Resources P/E Ratio by Year

Franklin Resources P/E Ratio 2025: 22.7×

Franklin Resources P/E Ratio 2024: 22.4×

Franklin Resources P/E Ratio 2023: 13.6×

Franklin Resources P/E Ratio 2022: 8.1×

Franklin Resources P/E Ratio 2021: 7.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Franklin Resources (BEN) Key Financials

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

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

About P/E Ratio at Franklin Resources (BEN)

Franklin Resources P/E Ratio by Year

Franklin Resources P/E Ratio 2025: 22.7×

Franklin Resources P/E Ratio 2024: 22.4×

Franklin Resources P/E Ratio 2023: 13.6×

Franklin Resources P/E Ratio 2022: 8.1×

Franklin Resources P/E Ratio 2021: 7.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Franklin Resources's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Franklin Resources?

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

+What is Franklin Resources's historical P/E ratio range?

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

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

Franklin Resources (BEN) Key Financials