What is Franklin Resources Inc worth?
With the base-case assumptions below, a discounted cash flow model on Franklin Resources Inc's reported free cash flow gives $44.58 per share. The share price was $33.02 on September 25, 2026, 26% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.5% | 10.0% | $28.72 | -13% |
| Base | 9.5% | 9.0% | $44.58 | +35% |
| Bull | 14.5% | 8.0% | $76.20 | +131% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $56.51 | $60.18 | $64.67 | $70.27 | $77.48 |
| 8.0% | $47.58 | $49.96 | $52.78 | $56.15 | $60.28 |
| 9.0% | $41.07 | $42.70 | $44.58 | $46.77 | $49.36 |
| 10.0% | $36.12 | $37.28 | $38.59 | $40.09 | $41.82 |
| 11.0% | $32.23 | $33.08 | $34.03 | $35.10 | $36.31 |
Where the presets come from
Base: years 1 to 5 grow at Franklin Resources Inc's revenue growth rate over the last 5 fiscal years (9.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions