Company Valuation: T. Rowe Price Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,070 24,371 24,066 25,124 22,343 24,700 - -
Change - -45.93% -1.25% 4.4% -11.07% 10.55% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 20,689 19,515 18,702
Change - -48.07% -2.73% 2.16% -15.61% 9.09% -5.67% -4.17%
P/E 15x 16.3x 13.9x 12.4x 11.1x 11.2x 10.8x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.74x 2.27x 1.82x
PEG - -0.3x 0.9x 0.7x 11.29x 0.9x 3.74x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.19x 3.11x 3.16x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.67x 2.45x 2.39x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.61x 5.92x 5.83x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.38x 6.96x 7.15x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.17 5.252 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.46% 4.54% 4.68%
EPS 2 13.12 6.7 7.76 9.15 9.24 10.38 10.68 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 49.8% 49.2% -
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,752 7,949 7,815
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,132 3,296 3,206
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,805 2,806 2,615
Net income 1 3,002 1,522 1,744 2,044 2,036 2,228 2,264 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,011 -5,184 -5,998
Reference price 2 196.64 109.06 107.69 113.09 102.38 115.79 115.79 115.79
Nbr of stocks (in thousands) 229,198 223,465 223,470 222,159 218,237 213,316 - -
Announcement Date 1/27/22 1/26/23 2/8/24 2/5/25 2/4/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.16x2.67x6.61x4.46% 24.7B
20.95x5.88x12.6x2.03% 175B
15.09x3.67x - 2.33% 164B
17.02x7.53x - 1.47% 106B
28.19x13.21x22.7x3.83% 83.05B
13.84x5.3x - 1.89% 50.88B
12.28x1.87x5.73x1.2% 48.94B
5.68x5.59x4.87x3.27% 38.88B
14.32x5.23x16.31x1.84% 33.37B
Average 15.39x 5.66x 11.47x 2.48% 80.64B
Weighted average by Cap. 17.34x 5.99x 13.04x 2.29%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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