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Franklin Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Franklin Resources and similar public comparables like Omega Healthcare Investors, Ares Capital, DWS Asset Management, Phoenix Financial and more.
Franklin Resources Overview
About Franklin Resources
Franklin Resources provides investment services for individual and institutional investors. At the end of December 2025, Franklin had $1.684 trillion in managed assets, composed primarily of equity (41%), fixed-income (26%), multi-asset/balanced (12%) funds, alternatives (16%), and money market funds (5%). Distribution tends to be weighted between retail investors (57% of AUM) and institutional accounts (40%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with 30% of its assets under management invested in global/international strategies and 29% sourced from clients domiciled outside the United States.
Founded
1969
HQ

Employees
9.8K
Website
Sectors
Financials (LTM)
EV
$25B
Franklin Resources Financials
Franklin Resources reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, Franklin Resources generated $2B in EBITDA and $988M in net income.
Revenue (LTM)
Franklin Resources P&L
In the most recent fiscal year, Franklin Resources reported revenue of $9B and EBITDA of $2B.
Franklin Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $988M | XXX | $525M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $9B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Franklin Resources Stock Performance
Franklin Resources has current market cap of $14B, and enterprise value of $25B.
Market Cap Evolution
Franklin Resources' stock price is $27.27.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25B | $14B | 0.0% | XXX | XXX | XXX | $1.01 |
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Start Free TrialFranklin Resources Valuation Multiples
Franklin Resources trades at 3.6x EV/Revenue multiple, and 12.1x EV/EBITDA.
EV / Revenue (LTM)
Franklin Resources Financial Valuation Multiples
As of April 19, 2026, Franklin Resources has market cap of $14B and EV of $25B.
Equity research analysts estimate Franklin Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Franklin Resources has a P/E ratio of 14.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBIT | 14.0x | XXX | 15.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.5x | XXX | XXX | XXX |
| P/E | 14.4x | XXX | 27.1x | XXX | XXX | XXX |
| EV/FCF | 391.4x | XXX | 27.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Franklin Resources Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Franklin Resources Margins & Growth Rates
Franklin Resources' revenue in the last 12 month grew by 5%.
Franklin Resources' revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Franklin Resources' rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Franklin Resources' rule of X is (6%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Franklin Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (21%) | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (6%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 33% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | 74% | XXX | 68% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Franklin Resources Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Franklin Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Omega Healthcare Investors | XXX | XXX | XXX | XXX | XXX | XXX |
| Ares Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| DWS Asset Management | XXX | XXX | XXX | XXX | XXX | XXX |
| Phoenix Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Meritz Financial Gr | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Franklin Resources M&A Activity
Franklin Resources acquired XXX companies to date.
Last acquisition by Franklin Resources was on XXXXXXXX, XXXXX. Franklin Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Franklin Resources
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialFranklin Resources Investment Activity
Franklin Resources invested in XXX companies to date.
Franklin Resources made its latest investment on XXXXXXXX, XXXXX. Franklin Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Franklin Resources
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Franklin Resources
| When was Franklin Resources founded? | Franklin Resources was founded in 1969. |
| Where is Franklin Resources headquartered? | Franklin Resources is headquartered in United States. |
| How many employees does Franklin Resources have? | As of today, Franklin Resources has over 9K employees. |
| Who is the CEO of Franklin Resources? | Franklin Resources' CEO is Jennifer M. Johnson. |
| Is Franklin Resources publicly listed? | Yes, Franklin Resources is a public company listed on NYSE. |
| What is the stock symbol of Franklin Resources? | Franklin Resources trades under BEN ticker. |
| When did Franklin Resources go public? | Franklin Resources went public in 1983. |
| Who are competitors of Franklin Resources? | Franklin Resources main competitors are Omega Healthcare Investors, Ares Capital, DWS Asset Management, Phoenix Financial. |
| What is the current market cap of Franklin Resources? | Franklin Resources' current market cap is $14B. |
| What is the current revenue of Franklin Resources? | Franklin Resources' last 12 months revenue is $7B. |
| What is the current revenue growth of Franklin Resources? | Franklin Resources revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Franklin Resources? | Current revenue multiple of Franklin Resources is 3.6x. |
| Is Franklin Resources profitable? | Yes, Franklin Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Franklin Resources? | Franklin Resources' last 12 months EBITDA is $2B. |
| What is Franklin Resources' EBITDA margin? | Franklin Resources' last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Franklin Resources? | Current EBITDA multiple of Franklin Resources is 12.1x. |
| What is the current FCF of Franklin Resources? | Franklin Resources' last 12 months FCF is $64M. |
| What is Franklin Resources' FCF margin? | Franklin Resources' last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Franklin Resources? | Current FCF multiple of Franklin Resources is 391.4x. |
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