Franklin Resources, Inc. (BEN) Stock

Franklin Resources, Inc. (BEN) is a Financials stock trading at $33.69 (as of 2026-07-09), with a market capitalization of $17.51B and a trailing P/E of 20.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Franklin Resources, Inc. is a publicly owned asset management holding company. 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 Hyderabad, India.

Understand Franklin Resources, Inc.: how it makes money

Franklin Resources provides asset management services, including launching equity, fixed income, balanced, and multi asset mutual funds, and managing investments across public equity, fixed income, and alternatives for individuals, institutions, and pension plans.

Its profit engine depends on asset flows, long term net flows and resulting Assets Under Management, which then translate into adjusted operating revenues.

Business quality (Mixed): Good operating visibility from flow and Assets Under Management metrics, but the provided facts do not include a clean official reportable segment revenue breakdown.

Valuation: At 25× earnings, BEN trades 27% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Long-term net flows are positive (Long-Term Net Flows: 6.9 USD_B), indicating more inflow than outflow over the long term: A stable positive net flow backdrop supports growth in the asset base Franklin manages.
  • Assets Under Management Ending is 1660.0 USD_B, alongside Assets Under Management of 1680.0 USD_B: A very large managed-asset base provides scale for Franklin's asset management activity.

Bear case

  • Long-term outflows are substantial (Long-Term Net Outflows: 9.3 USD_B): Even with positive net flows, meaningful outflows can limit how quickly the asset base expands and can pressure adjusted operating revenues.
  • Operating margin is 14.1% for the latest period provided: If operating leverage weakens, profitability could compress, especially if net flows soften.
Valuation — source: SEC EDGAR (first-party)
Price$33.69
Market Cap$17.51B
P/E Ratio20.9
EV / EBITDA14.1
Price / Book1.33
Price / Sales1.99
FCF Yield3.8%
DCF Value (model)$8.78
DCF Upside vs Price-73.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.77B
Net Margin6.0%
Revenue Growth (YoY)3.5%
EPS Growth (YoY)7.1%
FCF Growth (YoY)14.8%
Valuation vs Sector & Industry
Stock P/E20.9
Sector P/E (Financials)14.9
Industry P/E (Trading)33.7
vs Sector40.1%
vs Industry-37.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($886.55M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorFinancials
IndustryTrading
CEOJennifer Johnson
Employees10,000
CountryUS
IPO Date1983-09-23

Related Companies (Business model: Asset Manager (Traditional + Alternatives); 8 closest by market cap; US-domiciled)

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BEN earnings history · BEN institutional & insider holders · BEN KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.