FRANKLIN RESOURCES INC (BEN)
Investment Advice
Latest Price
$33.86
TTM P/E
25.85
Normalized P/E
19.47
Div Yield
3.84%
Book Value
23.43
P/B Ratio
1.45
Valuation metrics
adjust assumptions →EPS: $0.91
Book value / share: $23.18
Formula: √(22.5 × EPS × BVPS)
Graham Number
$21.79
36% downside
Norm. op. income: $1.1B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$18.64
45% downside
Base FCF: $990M (median of recent 5yr)
Growth: 15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$69.31
+105% upside
EPS: $0.91
Target P/E: 19×
Formula: EPS × P/E
P/E Fair Value
$17.29
49% downside
Institutional Ownership
47.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 28.77M | $679.0M | 5.54% | -944.1K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 20.09M | $474.0M | 3.87% | -- | 2026-03-31 |
| STATE STREET CORP | 19.61M | $469.0M | 3.77% | -1.13M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 13.84M | $326.0M | 2.66% | -- | 2026-03-31 |
| Invesco Ltd. | 13.56M | $320.0M | 2.61% | +3.44M | 2026-03-31 |
| CITADEL ADVISORS LLC | 11.66M | $275.0M | 2.24% | +5.04M | 2026-03-31 |
| DIMENSIONAL FUND ADVISORS LP | 10.86M | $256.0M | 2.09% | -22.5K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 7.81M | $184.0M | 1.50% | -259.6K | 2026-03-31 |
| GOLDMAN SACHS GROUP INC | 7.44M | $175.0M | 1.43% | +1.80M | 2026-03-31 |
| ProShare Advisors LLC | 6.56M | $154.0M | 1.26% | -526.8K | 2026-03-31 |