An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Franklin Resources, Inc.
VERDICT
The label
Markup
read at $32.63
Franklin Resources holds its Markup at $32.63.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 262 days
Price
$32.63
Valuation
24.91 trailing · 10.52 forward price to earnings
Values screen
FAIL· score 10.0
Beta
1.58
OPPORTUNITY
The opportunity · what the numbers say it is worth
Our framework reads AVOID — it trades at roughly a 23% discount to our $40.00 fair value, narrow competitive moat, 8.70% revenue growth.
Read at
$32.63
24.91 P/E · 10.52 fwd
Our fair value
$40.00
23% discount
Analyst target (avg)
$34.00
+4% to current
Target low $26.00Analyst target rangeTarget high $40.00
▲ current $32.63 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$32.63
you are here
Conservative
$34.89
+7%
Analyst avg
$34.00
+4%
Our fair value
$40.00
+23%
Analyst high
$40.00
+23%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
Revenue growth
8.70%
Profit margin
8.12%
Debt to equity
23.47
Analyst consensus
Hold · 11 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its business activity screen. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityBusiness activity: Financials sectorFail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Franklin stumbles on the ethical line
Picture a fund house that cannot clear its own gate. Franklin Resources fails the business activity screen outright, so we pass regardless of the numbers. The ethical bar is not optional and this one does not clear it.
Revenue is growing at 9 percent and the forward multiple sits at 10.5 times, yet return on equity is only 7 percent and margins are thin at 8 percent. A narrow moat and a hold rating from analysts leave little margin for error once the ethical issue is stripped away. We are staying away.
The main risk is that the ethical failure is permanent while the low multiple reflects exactly that problem. Asset managers live or die on trust, and here the numbers simply cannot override the screen. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
BEN trades on a US exchange. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 4.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 28% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 51%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (11 analysts) rates it hold, with a mean price target of $31. Entered 2026-07-22 · Markup
JOURNAL
The dated journal · newest first, never edited
2026-07-22Markup$32.63+4.1%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 4.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 28% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 51%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (11 analysts) rates it hold, with a mean price target of $31.
2026-07-18Markup$31.33+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 28% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 51%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (11 analysts) rates it hold, with a mean price target of $31.
2026-07-03Markup$31.33+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$31.33Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
INSIDERS
The insider ledger · Form 4 filings, as filed
Most recent filings · BEN
Date
Insider
Title
Type
Shares
Value
2026-02-04
NOTO ANTHONY J.
Director
7,593
$205,011
2026-02-03
NOTO ANTHONY J.
Director
7,593
$205,011
2026-02-03
THIEL JOHN W
Director
7,593
$205,011
2026-02-03
BYERWALTER MARIANN H
Director
7,593
$205,011
2026-02-03
YANG GEOFFREY Y
Director
7,593
$205,011
2026-01-05
JOHNSON JENNIFER M
Chief Executive Officer
6,272
·
2025-12-26
JOHNSON CHARLES B
Beneficial Owner of more than 10% of a Class of Security
25,440
·
2025-12-17
JOHNSON CHARLES B
Beneficial Owner of more than 10% of a Class of Security
3,816
·
2025-11-20
JOHNSON CHARLES B
Beneficial Owner of more than 10% of a Class of Security
50,000
$1,060,000
2025-11-18
JOHNSON CHARLES B
Beneficial Owner of more than 10% of a Class of Security
