COMP <GO>
RJF vs CBOE // EV/EBITDA & P/E VALUATION
Raymond James Financial Inc. (NYSE) VS. Cboe Global Markets Inc. (CBOE) • 15-METRIC TALLY: RJF 4
— CBOE 8
▲ EV/EBITDA & P/E VALUATION LEADER: RJF
LAST: $157.22 (-2.52%) • MKT CAP: $31.03B
valuation
19.2x
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
valuation
22.5x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (RJF VS. CBOE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | RJF | CBOE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.90% | 26.60% | -20.70 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 19.2x | 22.5x | -3.30 | RJF | /valuation <GO> |
| Free Cash Flow Yield | 7.24% | 4.79% | +2.45 | RJF | /fcf-yield <GO> |
| Operating Margin | 16.40% | 31.10% | -14.70 | CBOE | /operating-margins <GO> |
| Net Profit Margin | 13.40% | 23.30% | -9.90 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 6.60% | 15.40% | -8.80 | CBOE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.81% | -0.81 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 9/9 | -1.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.2 | 52.9 | +0.30 | RJF | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.94 | 1.07 | -0.13 | CBOE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 13.5x | 26.8x | -13.30 | RJF | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $31.03B | $35.14B | -$4.11B | CBOE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | RJF REV | CBOE REV | RJF GROSS % | CBOE GROSS % | RJF FCF | CBOE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $15.91B | $4.71B | — | 51.5% | $2.25B | $1.68B |
| FY 2024 | $14.92B | $4.09B | — | 50.6% | $1.95B | $1.04B |
| FY 2023 | $12.99B | $0 | — | — | -$4.10B | $1.08B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
RJF // BETA 0.94
CBOE // BETA 1.07