How does TROW's PE Ratio compare to its peers?

TROW is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (34.2x).

How does TROW's PE Ratio compare vs other companies in the US Capital Markets Industry?

TROW is good value based on its Price-To-Earnings Ratio (13.5x) compared to the US Capital Markets industry average (24.1x).

What is TROW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TROW is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (16.9x).

What is the Fair Price of TROW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TROW ($123.64) is trading below our estimate of [[fair value]] ($151.27)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

T. Rowe Price Group (Nasdaq:TROW) - Stock Price, News & Analysis

TROW Stock Overview

A publicly owned investment manager. More details

TROW fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 18.3% below our estimate of its fair value

Earnings grew by 29.4% over the past year

Pays a reliable dividend of 4.01%

Trading at good value compared to peers and industry

Risk Analysis

TROW passed our risk checks.

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Net Outflows And Rising Costs Threaten To Undermine Future Revenue Growth

Key Takeaways Increased net outflows and declining fee rates in U.S. equity products may negatively impact future revenue and net margins. Rising operating expenses and ongoing industry changes could affect earnings and potentially impact EPS through strategic buybacks and compensation.

View narrative

US$113.14

9.3% overvalued

3.71%

Revenue growth p.a.

12 days ago

T. Rowe Price Group, Inc. Competitors

State Street

NYSE:STT

US$28.9b

Northern Trust

NasdaqGS:NTRS

US$22.0b

Ares Management

NYSE:ARES

US$55.3b

Franklin Resources

NYSE:BEN

US$11.9b

Price History & Performance

Summary of all time highs, changes and price drops for T. Rowe Price Group
Historical stock prices
Current Share Price	US$123.64
52 Week High	US$124.83
52 Week Low	US$97.50
Beta	1.42
11 Month Change	10.33%
3 Month Change	18.34%
1 Year Change	21.20%
33 Year Change	-37.34%
5 Year Change	-0.69%
Change since IPO	15,264.96%

There's No Escaping T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Muted Earnings

Oct 31

Recent updates

T. Rowe Price Group, Inc.'s (NASDAQ:TROW) CEO Might Not Expect Shareholders To Be So Generous This Year

May 01

T. Rowe Price Group, Inc. Just Beat EPS By 26%: Here's What Analysts Think Will Happen Next

Apr 30

There's No Escaping T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Muted Earnings

Apr 05

T. Rowe Price: Mixed Signals (Technical Analysis)

Mar 27

T. Rowe Price Group (NASDAQ:TROW) Has Announced That It Will Be Increasing Its Dividend To $1.24

Feb 22

Analysts Are Updating Their T. Rowe Price Group, Inc. (NASDAQ:TROW) Estimates After Its Yearly Results

Feb 10

T. Rowe Price Group (NASDAQ:TROW) Is Paying Out A Larger Dividend Than Last Year

Feb 08

T. Rowe Price Earnings Preview: We May Have Seen The Bottom, But More Time Is Needed To Confirm

Feb 02

Some Confidence Is Lacking In T. Rowe Price Group, Inc.'s (NASDAQ:TROW) P/E

Dec 21

Shareholder Returns

	TROW	US Capital Markets	US Market
7D	0.5%	-1.0%	0.7%
1Y	21.2%	50.6%	32.2%

Return vs Industry: TROW underperformed the US Capital Markets industry which returned 50.6% over the past year.

Return vs Market: TROW underperformed the US Market which returned 32.2% over the past year.

Price Volatility

Is TROW's price volatile compared to industry and market?
TROW volatility
TROW Average Weekly Movement	3.3%
Capital Markets Industry Average Movement	3.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.4%
10% least volatile stocks in US Market	3.1%

Stable Share Price: TROW has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TROW's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1937	8,104	Rob Sharps	www.troweprice.com

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds.

T. Rowe Price Group, Inc. Fundamentals Summary

How do T. Rowe Price Group's earnings and revenue compare to its market cap?
TROW fundamental statistics
Market cap	US$27.51b
Earnings (TTM)	US$2.04b
Revenue (TTM)	US$6.91b

13.5x

P/E Ratio

4.0x

P/S Ratio

Is TROW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TROW income statement (TTM)
Revenue	US$6.91b
Cost of Revenue	US$3.41b
Gross Profit	US$3.50b
Other Expenses	US$1.46b
Earnings	US$2.04b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	9.19
Gross Margin	50.63%
Net Profit Margin	29.55%
Debt/Equity Ratio	0.7%

How did TROW perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

54%

Payout Ratio

Does TROW pay a reliable dividends?

See TROW dividend history and benchmarks

When do you need to buy TROW by to receive an upcoming dividend?
T. Rowe Price Group dividend dates
Ex Dividend Date	Dec 13 2024
Dividend Pay Date	Dec 27 2024
Days until Ex dividend	10 days
Days until Dividend pay date	24 days

Does TROW pay a reliable dividends?

See TROW dividend history and benchmarks

TROW Stock Overview

Rewards

Risk Analysis

Net Outflows And Rising Costs Threaten To Undermine Future Revenue Growth

T. Rowe Price Group, Inc. Competitors

NYSE:STT

US$28.9b

NasdaqGS:NTRS

US$22.0b

NYSE:ARES

US$55.3b

NYSE:BEN

US$11.9b

Price History & Performance

Recent News & Updates

T. Rowe Price Announces Launch of Target Date Series, Offered Through Canada Life

Now 20% undervalued

Third quarter dividend of US$1.24 announced

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on December 27, 2024

Second quarter 2024 earnings released: EPS: US$2.11 (vs US$2.07 in 2Q 2023)

There's No Escaping T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Muted Earnings

Recent updates

T. Rowe Price Announces Launch of Target Date Series, Offered Through Canada Life

Now 20% undervalued

Third quarter dividend of US$1.24 announced

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on December 27, 2024

Second quarter 2024 earnings released: EPS: US$2.11 (vs US$2.07 in 2Q 2023)

There's No Escaping T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Muted Earnings

T. Rowe Price: Safety And Growth, Moderating Outflows In Q3

Independent Director exercised options to buy US$491k worth of stock.

T. Rowe Price Group Appoints Ben Riley as Head of Insurance, Effective January 1, 2025

T. Rowe Price Launches Lifetime Income Solution for Retires with Pacific Life

T. Rowe Price Group, Inc. to Report Q3, 2024 Results on Nov 01, 2024

T. Rowe Price Appoints Justin Thomson as Head of T. Rowe Price Investment Institute

T. Rowe Price: Be Patient Before Buying It

T. Rowe Price: Upgrading To Strong Buy Amid Rising AUM

3 Reasons T. Rowe Price Is An Ideal Long-Term Holding

Upcoming dividend of US$1.24 per share

New major risk - Revenue and earnings growth

T. Rowe Price: Patience Growing Thin With Continued Market Underperformance

Second quarter dividend of US$1.24 announced

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on September 27, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Low P/E No Reason For Excitement

T. Rowe Price Group, Inc. to Report Q2, 2024 Results on Jul 26, 2024

T. Rowe Price Launches Its First Active Tax-Free Bond Exchange-Traded Fund

T. Rowe Price: AUM Stagnation Likely To Continue, With Heightened Outflow Risks

T. Rowe Price Unveils New, Patent-Pending Framework

Upcoming dividend of US$1.24 per share

T. Rowe Price: A Dividend Not To Be Missed

Consensus EPS estimates increase by 14%

High number of new directors

First quarter dividend of US$1.24 announced

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on June 27, 2024

T. Rowe Price: A Dividend Aristocrat With 25% Upside Potential

T. Rowe Price Group, Inc.'s (NASDAQ:TROW) CEO Might Not Expect Shareholders To Be So Generous This Year

T. Rowe Price Group, Inc. Just Beat EPS By 26%: Here's What Analysts Think Will Happen Next

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.1% to US$113

There's No Escaping T. Rowe Price Group, Inc.'s (NASDAQ:TROW) Muted Earnings

T. Rowe Price Group, Inc. to Report Q1, 2024 Results on Apr 26, 2024

T. Rowe Price: Mixed Signals (Technical Analysis)

Bristol-Myers Squibb Company (NYSE:BMY) completed the acquisition of Karuna Therapeutics, Inc. (NasdaqGM:KRTX) from Capital International Investors, FMR LLC, The Vanguard Group, Inc., T. Rowe Price Group, Inc. (NasdaqGS:TROW) and others.

Independent Director notifies of intention to sell stock

Upcoming dividend of US$1.24 per share

T. Rowe Price Launches New and Innovative Retirement Income Tool to Help Optimize Social Security Benefits

T. Rowe Price Group (NASDAQ:TROW) Has Announced That It Will Be Increasing Its Dividend To $1.24

T. Rowe Price Group, Inc., Annual General Meeting, May 07, 2024

Consensus EPS estimates increase by 16%

Analysts Are Updating Their T. Rowe Price Group, Inc. (NASDAQ:TROW) Estimates After Its Yearly Results

Full year 2023 earnings: EPS exceeds analyst expectations

T. Rowe Price Group (NASDAQ:TROW) Is Paying Out A Larger Dividend Than Last Year

T. Rowe Price Group, Inc. Announces Management Changes, Effective March 1, 2024

Third quarter dividend increased to US$1.24

T. Rowe Price Earnings Preview: We May Have Seen The Bottom, But More Time Is Needed To Confirm

T. Rowe Price Group Declares Quarterly Dividend, Payable on March 28, 2024

Now 21% undervalued

T. Rowe Price Group, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Some Confidence Is Lacking In T. Rowe Price Group, Inc.'s (NASDAQ:TROW) P/E

Upcoming dividend of US$1.22 per share at 4.9% yield