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 25,523 - -
Change - -45.93% -1.25% 4.4% -11.07% 14.23% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 21,245 20,375 19,657
Change - -48.07% -2.73% 2.16% -15.61% 12.02% -4.09% -3.53%
P/E 15x 16.3x 13.9x 12.4x 11.1x 12.2x 11.5x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.46x 2.33x 1.84x
PEG - -0.3x 0.9x 0.7x 11.29x 2.05x 2.1x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.28x 3.19x 3.17x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.73x 2.55x 2.44x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 7.01x 6.59x 6.43x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.71x 7.38x 7.45x
EV / FCF 13.6x - 24.1x 17.8x - 11.3x 9.82x 11.5x
FCF Yield 7.38% - 4.14% 5.62% - 8.87% 10.2% 8.67%
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.18 5.272 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.35% 4.43% 4.55%
EPS 2 13.12 6.7 7.76 9.15 9.24 9.79 10.32 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 52.9% 51.1% -
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,776 7,998 8,048
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,031 3,090 3,056
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,755 2,761 2,638
Net income 1 3,002 1,522 1,744 2,044 2,036 2,114 2,196 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,278 -5,148 -5,867
Reference price 2 196.64 109.06 107.69 113.09 102.38 119.12 119.12 119.12
Nbr of stocks (in thousands) 229,198 223,465 223,470 222,159 218,237 214,267 - -
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.($)
15.49x3.55x - 2.34% 158B
20.29x5.39x11.82x2.24% 157B
16.94x7.42x - 1.51% 103B
25.57x11.89x20.4x4.23% 74.94B
14.24x5.26x - 1.97% 48.7B
11.96x1.75x5.44x1.31% 45.62B
4.87x4.94x4.93x3.6% 35.48B
15.24x5.47x17.77x1.81% 33.52B
Average 15.58x 5.71x 12.07x 2.38% 81.98B
Weighted average by Cap. 17.09x 5.73x 12.71x 2.35%

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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