Price T Rowe Group Inc (TROW)
Financials · Asset Management & Custody Banks · US stock · S&P 500 component
$103.45
▲ +0.16 (0.15%)
Fair valueFair
$111 +7.7% to fair value
$56fair band $95–$135$167
Day's range
$102.48 – $104.27
52-week range
$85.22 – $122.00
About Price T Rowe Group Inc
T. Rowe Price is an asset manager based in Baltimore that runs mutual funds, exchange-traded funds, retirement products and separate accounts. Individual investors, retirement plan sponsors, financial advisers and institutions entrust money to it. Its investment teams cover equities, fixed income and multi-asset strategies, and the firm is well known for its retirement savings products, including target date funds.
The firm earns revenue mainly from investment advisory fees, which are a percentage of the assets it manages, so income moves with the level of client assets. In the last twelve months revenue was $7.6 billion, and it has grown at 4.1% a year across the last three years. The operating margin is 30.8%, and the business earns a profit of 22% on the capital invested in it. A dividend is paid, with a yield of 5.0%. On the site's X-Ray Score it receives 45 out of 100.
Price chart
52-wk range $85.22 – $122.00Volume 2,227,296Daily, split-adjusted
Vitals
Market cap$22.2B
52-week range$85.22 – $122.00
Volume (last day)2,227,296
P/E (TTM)10.1
EBIT / EV yield12.0%
Free-cash-flow yield7.6%
Dividend yield5.0%
Revenue (TTM)$7.6B
Net income (TTM)$2.2B
Operating margin30.8%
Return on capital21.8%
Debt incl. leasesData missing
Cash & securities$3.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$111middle half of models $108 – $114
Fair
+7.7% to fair value
Average of the 3 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $103
Undervalued < $95Fair $95 – $135Overvalued > $135
P/E multiple
$107
P/B multiple
$118
P/S multiple
$109
Dividend discount, stable · not used
$279
Dividend discount, multi-stage · not used
$555
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
67/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield12.0%
Free-cash-flow yield7.6%
Fair value vs price1.1×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)4.1%
EPS growth (3y)11.3%
Growth consistency90%
Profitability
Weak
47/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital21.8%
Operating margin30.8%
Financial health
Weak
36/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Interest coverNo interest cost
Dividends
Weak
40/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield5.0%
Dividends vs free cash flow66%
Dividend growth1.1%
Quarterly results: last 6 quarters
+0.8%
Mar '25
-0.6%
Jun '25
+6.0%
Sep '25
+6.0%
Dec '25
+5.3%
Mar '26
+10.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.9B, diluted EPS $2.88.
Compare with peers
AMP Ameriprise Financial I...67 APO Apollo Global Manageme...60 BX Blackstone Inc.53 STT State Street Corp50Other Asset Management & Custody Banks companies by X-Ray Score.
SWOT analysis: Price T Rowe Group Inc
Strengthsinside the company
- Return on invested capital is 21.8%, against a median of 14.4% for industry peers.
- Free cash flow equals 7.6% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Trades at 10.0x earnings, 45% below the 18.0x median of industry peers.
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TROW with peers and sector
Medians of 9 Asset Management & Custody Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): BLK 34, BNY 44, BX 53, APO 60, STT 50, AMP 67.
| Metric | TROW | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 45 | 44 | 50 |
| Valuation | 67 | 41 | 52 |
| Growth | 28 | 51 | 54 |
| Profitability | 47 | 44 | 49 |
| Financial health | 36 | 50 | 51 |
| Dividends | 40 | 45 | 54 |
Sector leaders: highest X-Ray Score in Financials
TROW ranks #49 of 71 in Financials and #5 of 10 in Asset Management & Custody Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TROW
Each factor is rated by where TROW stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 3 Average · 2 Bad of 8
Growth: 0 · 1 · 2
Profitability: 2 · 0 · 0
Valuation: 1 · 2 · 0
| Factor | TROW | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.1% | Bad beats 22% | +8.3% | – | – |
| Revenue growth, last year | +3.1% | Bad beats 19% | +6.9% | +3.1% | ≈ In line |
| EPS growth, 3 years a year | +11.3% | Average beats 43% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 29.3% | Good beats 78% | 21.8% | 28.5% | ≈ In line |
| Return on equity | 20.2% | Good beats 69% | 15.7% | 19.2% | ≈ In line |
| Valuation | |||||
| P/E ratio | 10.0x | Good beats 85% | 13.8x | 13.5x | ▲ Better |
| Price / book | 2.0x | Average beats 56% | 2.2x | 2.5x | ▲ Better |
| Price / sales | 2.9x | Average beats 56% | 3.1x | 3.7x | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 4 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $7.7B | $6.5B | $6.5B | $7.1B | $7.3B |
| Operating income | $3.7B | $2.4B | $2.0B | $2.3B | $2.2B |
| Net income | $3.1B | $1.6B | $1.8B | $2.1B | $2.1B |
| Operating cash flow | $3.5B | $2.4B | $1.2B | $1.7B | $1.8B |
| Operating margin | 48.4% | 36.6% | 30.7% | 32.9% | 29.9% |
| Free cash flow | $3.2B | $2.1B | $911M | $1.3B | $1.5B |
| Diluted EPS | $13.12 | $6.70 | $7.76 | $9.15 | $9.24 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 102.1 | Bullish |
| EMA 10 | 102.5 | Bullish |
| SMA 20 | 103.3 | Bullish |
| EMA 20 | 103.2 | Bullish |
| SMA 50 | 105.9 | Bearish |
| EMA 50 | 105.3 | Bearish |
| SMA 100 | 108.6 | Bearish |
| EMA 100 | 105.6 | Bearish |
| SMA 200 | 101.7 | Bullish |
| EMA 200 | 103.5 | Bearish |
Oscillators (daily)
| RSI (14) | 48.86 | Neutral |
| MACD (12, 26) | -1.09 | Bearish |
| Momentum (12) | -0.14 | Bearish |
| Stochastic %K (14) | 70.17 | Neutral |
| Williams %R (14) | -29.83 | Neutral |
| CCI (20) | 9.50 | Neutral |
Pivot points (classic, last session)
S3 100.7 | S2 101.6 | S1 102.5 | Pivot 103.4 | R1 104.3 | R2 105.2 | R3 106.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.17 USD
Yield on today's price
5.00%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1.3000 | |
| 1.3000 | |
| 1.3000 | |
| 1.2700 | |
| 1.2700 | |
| 1.2700 | |
| 1.2700 | |
| 1.2400 | |
| 1.2400 | |
| 1.2400 | |
| 1.2400 | |
| 1.2200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TROW
| ETF | Share of the fund |
|---|---|
| FTCS First Trust Capital Strength | 2.36% |
| DVY iShares Select Dividend | 2.13% |
| SPHD Invesco S&P 500 High Dividend Low Vola... | 2.08% |
| PEY Invesco High Yield Equity Dividend Ach... | 1.99% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.55% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.50% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.28% |
| SDY SPDR S&P Dividend | 1.09% |
The eight funds with the largest weight in TROW among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TROW stock splits
TROW has split its stock 5 times since 1990. The latest was a 2-for-1 split on 26 Jun 2006.
Full TROW stock split history →TROW SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.