Franklin Resources Inc
Franklin Resources, Inc. is a publicly owned asset investment manager. 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… Read more
Franklin Resources Inc (BEN) - Net Assets
Latest net assets as of December 2025: $14.39 Billion USD
Based on the latest financial reports, Franklin Resources Inc (BEN) has net assets worth $14.39 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.55 Billion) and total liabilities ($18.16 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.39 Billion |
| % of Total Assets | 44.22% |
| Annual Growth Rate | 17.5% |
| 5-Year Change | 11.34% |
| 10-Year Change | 12.71% |
| Growth Volatility | 27.04 |
Franklin Resources Inc - Net Assets Trend (1985–2025)
This chart illustrates how Franklin Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Franklin Resources Inc (1985–2025)
The table below shows the annual net assets of Franklin Resources Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $14.19 Billion | -2.58% |
| 2024-09-30 | $14.56 Billion | +7.30% |
| 2023-09-30 | $13.57 Billion | -1.81% |
| 2022-09-30 | $13.82 Billion | +8.48% |
| 2021-09-30 | $12.74 Billion | +11.68% |
| 2020-09-30 | $11.41 Billion | +0.35% |
| 2019-09-30 | $11.37 Billion | +1.06% |
| 2018-09-30 | $11.25 Billion | -24.37% |
| 2017-09-30 | $14.88 Billion | +18.18% |
| 2016-09-30 | $12.59 Billion | +0.27% |
| 2015-09-30 | $12.56 Billion | +0.87% |
| 2014-09-30 | $12.45 Billion | +15.17% |
| 2013-09-30 | $10.81 Billion | +10.42% |
| 2012-09-30 | $9.79 Billion | +7.29% |
| 2011-09-30 | $9.12 Billion | +17.71% |
| 2010-09-30 | $7.75 Billion | +0.65% |
| 2009-09-30 | $7.70 Billion | +7.66% |
| 2008-09-30 | $7.15 Billion | -3.01% |
| 2007-09-30 | $7.37 Billion | +8.75% |
| 2006-09-30 | $6.78 Billion | +17.71% |
| 2005-09-30 | $5.76 Billion | +11.14% |
| 2004-09-30 | $5.18 Billion | +19.55% |
| 2003-09-30 | $4.34 Billion | +1.61% |
| 2002-09-30 | $4.27 Billion | +7.27% |
| 2001-09-30 | $3.98 Billion | +34.14% |
| 2000-09-30 | $2.97 Billion | +11.61% |
| 1999-09-30 | $2.66 Billion | +16.50% |
| 1998-09-30 | $2.28 Billion | +23.00% |
| 1997-09-30 | $1.85 Billion | +32.39% |
| 1996-09-30 | $1.40 Billion | +20.63% |
| 1995-09-30 | $1.16 Billion | +24.73% |
| 1994-09-30 | $930.82 Million | +29.21% |
| 1993-09-30 | $720.38 Million | +54.19% |
| 1992-09-30 | $467.20 Million | +28.71% |
| 1991-09-30 | $363.00 Million | +25.69% |
| 1990-09-30 | $288.80 Million | +33.39% |
| 1989-09-30 | $216.50 Million | +43.85% |
| 1988-09-30 | $150.50 Million | +43.88% |
| 1987-09-30 | $104.60 Million | +100.38% |
| 1986-09-30 | $52.20 Million | +133.04% |
| 1985-09-30 | $22.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franklin Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 53462.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.52 Billion | 95.35% |
| Common Stock | $52.10 Million | 0.43% |
| Other Comprehensive Income | $-447.10 Million | -3.70% |
| Other Components | $956.80 Million | 7.92% |
| Total Equity | $12.08 Billion | 100.00% |
Franklin Resources Inc Competitors by Market Cap
The table below lists competitors of Franklin Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AXIS Capital Holdings Ltd
NYSE:AXS
|
$7.47 Billion |
|
Akbank T.A.S
F:AKB2
|
$7.48 Billion |
|
Charles River Laboratories
NYSE:CRL
|
$7.48 Billion |
|
Hudbay Minerals Inc.
NYSE:HBM
|
$7.48 Billion |
|
Sunoco LP
NYSE:SUN
|
$7.47 Billion |
|
China Zheshang Bank Co Ltd
SHG:601916
|
$7.47 Billion |
|
LKQ Corporation
NASDAQ:LKQ
|
$7.46 Billion |
|
China Mengniu Dairy Company Limited
PINK:CIADF
|
$7.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franklin Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,508,100,000 to 12,077,800,000, a change of -430,300,000 (-3.4%).
- Net income of 524,900,000 contributed positively to equity growth.
- Dividend payments of 683,700,000 reduced retained earnings.
- Share repurchases of 240,300,000 reduced equity.
- New share issuances of 24,100,000 increased equity.
- Other comprehensive income decreased equity by 27,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $524.90 Million | +4.35% |
| Dividends Paid | $683.70 Million | -5.66% |
| Share Repurchases | $240.30 Million | -1.99% |
| Share Issuances | $24.10 Million | +0.2% |
| Other Comprehensive Income | $-27.60 Million | -0.23% |
| Other Changes | $-27.70 Million | -0.23% |
| Total Change | $- | -3.44% |
Book Value vs Market Value Analysis
This analysis compares Franklin Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 741.90x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $0.03 | $24.62 | x |
| 1986-09-30 | $0.08 | $24.62 | x |
| 1987-09-30 | $0.15 | $24.62 | x |
| 1988-09-30 | $0.21 | $24.62 | x |
| 1989-09-30 | $0.31 | $24.62 | x |
| 1990-09-30 | $0.41 | $24.62 | x |
| 1991-09-30 | $0.52 | $24.62 | x |
| 1992-09-30 | $0.67 | $24.62 | x |
| 1993-09-30 | $0.96 | $24.62 | x |
| 1994-09-30 | $1.23 | $24.62 | x |
| 1995-09-30 | $1.53 | $24.62 | x |
| 1996-09-30 | $1.87 | $24.62 | x |
| 1997-09-30 | $2.43 | $24.62 | x |
| 1998-09-30 | $3.01 | $24.62 | x |
| 1999-09-30 | $3.51 | $24.62 | x |
| 2000-09-30 | $4.01 | $24.62 | x |
| 2001-09-30 | $5.22 | $24.62 | x |
| 2002-09-30 | $5.43 | $24.62 | x |
| 2003-09-30 | $5.63 | $24.62 | x |
| 2004-09-30 | $6.62 | $24.62 | x |
| 2005-09-30 | $7.27 | $24.62 | x |
| 2006-09-30 | $8.54 | $24.62 | x |
| 2007-09-30 | $9.69 | $24.62 | x |
| 2008-09-30 | $9.90 | $24.62 | x |
| 2009-09-30 | $10.99 | $24.62 | x |
| 2010-09-30 | $11.33 | $24.62 | x |
| 2011-09-30 | $12.80 | $24.62 | x |
| 2012-09-30 | $14.31 | $24.62 | x |
| 2013-09-30 | $15.89 | $24.62 | x |
| 2014-09-30 | $18.53 | $24.62 | x |
| 2015-09-30 | $19.26 | $24.62 | x |
| 2016-09-30 | $20.45 | $24.62 | x |
| 2017-09-30 | $22.57 | $24.62 | x |
| 2018-09-30 | $18.40 | $24.62 | x |
| 2019-09-30 | $19.64 | $24.62 | x |
| 2020-09-30 | $20.56 | $24.62 | x |
| 2021-09-30 | $22.88 | $24.62 | x |
| 2022-09-30 | $23.45 | $24.62 | x |
| 2023-09-30 | $24.28 | $24.62 | x |
| 2024-09-30 | $24.51 | $24.62 | x |
| 2025-09-30 | $23.43 | $24.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franklin Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.98%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.68x
- Recent ROE (4.35%) is below the historical average (21.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 60.27% | 21.33% | 1.95x | 1.45x | $11.26 Million |
| 1986 | 61.49% | 22.43% | 1.62x | 1.69x | $26.88 Million |
| 1987 | 56.31% | 28.50% | 1.50x | 1.32x | $48.44 Million |
| 1988 | 44.05% | 32.72% | 1.14x | 1.18x | $51.25 Million |
| 1989 | 36.30% | 31.03% | 0.64x | 1.82x | $56.95 Million |
| 1990 | 30.96% | 31.05% | 0.60x | 1.66x | $60.52 Million |
| 1991 | 27.05% | 30.84% | 0.55x | 1.59x | $61.90 Million |
| 1992 | 26.56% | 32.23% | 0.46x | 1.79x | $77.38 Million |
| 1993 | 24.36% | 27.39% | 0.41x | 2.20x | $103.46 Million |
| 1994 | 27.00% | 30.92% | 0.41x | 2.12x | $158.23 Million |
| 1995 | 23.16% | 21.38% | 0.56x | 1.93x | $152.84 Million |
| 1996 | 22.47% | 20.71% | 0.64x | 1.70x | $174.67 Million |
| 1997 | 23.41% | 20.07% | 0.70x | 1.67x | $248.64 Million |
| 1998 | 21.94% | 19.42% | 0.74x | 1.53x | $272.37 Million |
| 1999 | 16.06% | 18.86% | 0.62x | 1.38x | $161.01 Million |
| 2000 | 18.95% | 24.02% | 0.58x | 1.36x | $265.54 Million |
| 2001 | 12.19% | 20.58% | 0.38x | 1.58x | $86.93 Million |
| 2002 | 10.14% | 17.15% | 0.39x | 1.51x | $6.03 Million |
| 2003 | 11.67% | 19.10% | 0.38x | 1.62x | $71.82 Million |
| 2004 | 13.84% | 20.55% | 0.42x | 1.61x | $195.99 Million |
| 2005 | 18.61% | 24.54% | 0.48x | 1.56x | $489.19 Million |
| 2006 | 18.96% | 25.10% | 0.53x | 1.42x | $599.10 Million |
| 2007 | 24.18% | 28.57% | 0.62x | 1.35x | $1.04 Billion |
| 2008 | 22.45% | 26.33% | 0.66x | 1.30x | $880.78 Million |
| 2009 | 11.75% | 21.38% | 0.44x | 1.24x | $133.56 Million |
| 2010 | 18.71% | 24.70% | 0.55x | 1.39x | $672.99 Million |
| 2011 | 22.56% | 26.94% | 0.52x | 1.62x | $1.07 Billion |
| 2012 | 20.99% | 27.20% | 0.48x | 1.60x | $1.01 Billion |
| 2013 | 21.35% | 26.93% | 0.52x | 1.53x | $1.14 Billion |
| 2014 | 20.58% | 28.08% | 0.52x | 1.41x | $1.23 Billion |
| 2015 | 17.19% | 25.61% | 0.49x | 1.38x | $851.20 Million |
| 2016 | 14.47% | 26.09% | 0.41x | 1.35x | $533.12 Million |
| 2017 | 13.44% | 26.54% | 0.36x | 1.39x | $434.70 Million |
| 2018 | 7.72% | 12.10% | 0.44x | 1.45x | $-225.52 Million |
| 2019 | 12.07% | 20.71% | 0.40x | 1.47x | $205.05 Million |
| 2020 | 7.90% | 14.35% | 0.26x | 2.14x | $-212.55 Million |
| 2021 | 16.32% | 21.73% | 0.35x | 2.15x | $708.86 Million |
| 2022 | 11.26% | 15.61% | 0.29x | 2.45x | $144.44 Million |
| 2023 | 7.41% | 11.25% | 0.26x | 2.53x | $-308.89 Million |
| 2024 | 3.72% | 5.48% | 0.26x | 2.60x | $-786.01 Million |
| 2025 | 4.35% | 5.98% | 0.27x | 2.68x | $-682.88 Million |
Industry Comparison
This section compares Franklin Resources Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franklin Resources Inc (BEN) | $14.39 Billion | 60.27% | 1.26x | $7.47 Billion |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |