(TROW) T. Rowe Price - Overview

Sector: Financial Services | Industry: Asset Management | Exchange: NASDAQ (USA) | Market Cap: 19.289m USD | Total Return: 3.4% in 12m

Stock Mutual Funds, Retirement Plans, Advisory Services
Total Rating 41
Risk 88
Buy Signal -0.34
Asset Management +6.7
Asset Management & Custody Banks +6.7
Market Cap: 19,289m
Avg Trading Vol: 219M USD
ATR: 2.51%
Peers RS (IBD): 44.9
Risk 5d forecast
Volatility25.3%
Rel. Tail Risk-3.13%
Reward TTM
Sharpe Ratio0.12
Alpha-17.91
Character TTM
Beta1.232
Beta Downside1.503
Drawdowns 3y
Max DD34.05%
CAGR/Max DD-0.06
EPS (Earnings per Share) EPS (Earnings per Share) of TROW over the last years for every Quarter: "2021-03": 3.01, "2021-06": 3.31, "2021-09": 3.27, "2021-12": 3.17, "2022-03": 2.62, "2022-06": 1.79, "2022-09": 1.86, "2022-12": 1.74, "2023-03": 1.69, "2023-06": 2.02, "2023-09": 2.17, "2023-12": 1.72, "2024-03": 2.38, "2024-06": 2.26, "2024-09": 2.57, "2024-12": 1.92, "2025-03": 2.23, "2025-06": 2.24, "2025-09": 2.81, "2025-12": 2.44,
EPS CAGR: -1.88%
EPS Trend: 51.2%
Last SUE: -0.10
Qual. Beats: 0
Revenue Revenue of TROW over the last years for every Quarter: 2021-03: 1826.8, 2021-06: 1929.3, 2021-09: 1954.1, 2021-12: 1961.7, 2022-03: 1863, 2022-06: 1513, 2022-09: 1588.2, 2022-12: 1524.2, 2023-03: 1537.6, 2023-06: 1610.2, 2023-09: 1670.7, 2023-12: 1642, 2024-03: 1750.2, 2024-06: 1733.3, 2024-09: 1785.6, 2024-12: 1824.5, 2025-03: 1763.9, 2025-06: 1723.3, 2025-09: 1893.5, 2025-12: 1934.1,
Rev. CAGR: 1.00%
Rev. Trend: 68.1%
Last SUE: -2.30
Qual. Beats: 0
Description: TROW T. Rowe Price February 25, 2026

T. Rowe Price Group, Inc. (NASDAQ: TROW) is a globally diversified investment manager that offers equity and fixed-income mutual funds to individual and institutional clients, retirement plans, and financial intermediaries. The firm employs a bottom-up, fundamental and quantitative research process, leveraging both in-house and external analysts, and integrates ESG considerations across its portfolios. In addition to traditional asset management, T. Rowe Price participates in late-stage venture capital deals, typically investing $3-5 million per transaction.

As of the latest quarter (Q4 2025), T. Rowe Price reported assets under management of approximately $1.73 trillion, generating $7.2 billion in revenue and $1.5 billion in net income, with a dividend yield near 2.2 %. The firm’s fixed-income earnings have benefited from the current higher-interest-rate environment, while its ESG-focused funds have grown about 12 % year-over-year, reflecting strong investor demand for sustainable strategies. A broader sector trend is the shift toward fee-based advisory services, which is boosting recurring revenue streams for asset-management firms.

For a deeper dive, you might explore ValueRay’s analysis of TROW.

Headlines to Watch Out For
  • Assets under management growth drives fee revenue
  • Equity market performance impacts investment advisory fees
  • Net client outflows reduce asset base
  • Regulatory changes increase compliance costs
  • Interest rate fluctuations affect money market fund income
Piotroski VR‑10 (Strict, 0-10) 5.0
Net Income: 2.09b TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA 5.10 > 1.0
NWC/Revenue: 55.18% < 20% (prev 43.51%; Δ 11.67% < -1%)
CFO/TA 0.15 > 3% & CFO 2.24b > Net Income 2.09b
Net Debt (-2.52b) to EBITDA (2.88b): -0.87 < 3
Current Ratio: 73.08 > 1.5 & < 3
Outstanding Shares: last quarter (223.8m) vs 12m ago 0.43% < -2%
Gross Margin: 62.67% > 18% (prev 0.52%; Δ 6.21k% > 0.5%)
Asset Turnover: 52.10% > 50% (prev 52.65%; Δ -0.55% > 0%)
Interest Coverage Ratio: -5.70 > 6 (EBITDA TTM 2.88b / Interest Expense TTM -429.4m)
Altman Z'' 9.88
A: 0.28 (Total Current Assets 4.09b - Total Current Liabilities 56.0m) / Total Assets 14.61b
B: 0.74 (Retained Earnings 10.87b / Total Assets 14.61b)
C: 0.17 (EBIT TTM 2.45b / Avg Total Assets 14.04b)
D: 4.25 (Book Value of Equity 10.86b / Total Liabilities 2.55b)
Altman-Z'' Score: 9.88 = AAA
Beneish M -3.35
DSRI: 0.79 (Receivables 714.4m/877.4m, Revenue 7.31b/7.09b)
GMI: 0.83 (GM 62.67% / 51.94%)
AQI: 0.98 (AQ_t 0.64 / AQ_t-1 0.65)
SGI: 1.03 (Revenue 7.31b / 7.09b)
TATA: -0.01 (NI 2.09b - CFO 2.24b) / TA 14.61b)
Beneish M-Score: -3.35 (Cap -4..+1) = AA
What is the price of TROW shares? As of April 01, 2026, the stock is trading at USD 90.14 with a total of 3,126,713 shares traded.
Over the past week, the price has changed by +1.51%, over one month by -3.62%, over three months by -10.64% and over the past year by +3.41%.
Is TROW a buy, sell or hold? T. Rowe Price has received a consensus analysts rating of 2.79. Therefor, it is recommend to hold TROW.
  • StrongBuy: 0
  • Buy: 1
  • Hold: 9
  • Sell: 4
  • StrongSell: 0
What are the forecasts/targets for the TROW price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 101.3 12.3%
Analysts Target Price 101.3 12.3%
TROW Fundamental Data Overview March 31, 2026
P/E Trailing = 9.5725
P/E Forward = 8.4818
P/S = 2.6369
P/B = 1.727
P/EG = 4.0397
Revenue TTM = 7.31b USD
EBIT TTM = 2.45b USD
EBITDA TTM = 2.88b USD
Long Term Debt = 447.2m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 56.0m USD (from shortTermDebt, last quarter)
Debt = 860.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.52b USD (from netDebt column, last quarter)
Enterprise Value = 16.77b USD (19.29b + Debt 860.2m - CCE 3.38b)
Interest Coverage Ratio = -5.70 (Ebit TTM 2.45b / Interest Expense TTM -429.4m)
EV/FCF = 7.93x (Enterprise Value 16.77b / FCF TTM 2.11b)
FCF Yield = 12.60% (FCF TTM 2.11b / Enterprise Value 16.77b)
FCF Margin = 28.90% (FCF TTM 2.11b / Revenue TTM 7.31b)
Net Margin = 28.53% (Net Income TTM 2.09b / Revenue TTM 7.31b)
Gross Margin = 62.67% ((Revenue TTM 7.31b - Cost of Revenue TTM 2.73b) / Revenue TTM)
Gross Margin QoQ = 94.57% (prev 53.06%)
Tobins Q-Ratio = 1.15 (Enterprise Value 16.77b / Total Assets 14.61b)
 Interest Expense / Debt = 132.0% (Interest Expense 1.14b / Debt 860.2m)
 Taxrate = 24.87% (152.5m / 613.1m)
NOPAT = 1.84b (EBIT 2.45b * (1 - 24.87%))
Current Ratio = 73.08 (Total Current Assets 4.09b / Total Current Liabilities 56.0m)
Debt / Equity = 0.08 (Debt 860.2m / totalStockholderEquity, last quarter 10.86b)
Debt / EBITDA = -0.87 (Net Debt -2.52b / EBITDA 2.88b)
Debt / FCF = -1.19 (Net Debt -2.52b / FCF TTM 2.11b)
Total Stockholder Equity = 10.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.87% (Net Income 2.09b / Total Assets 14.61b)
RoE = 19.58% (Net Income TTM 2.09b / Total Stockholder Equity 10.66b)
RoCE = 22.03% (EBIT 2.45b / Capital Employed (Equity 10.66b + L.T.Debt 447.2m))
RoIC = 17.24% (NOPAT 1.84b / Invested Capital 10.66b)
WACC = 9.88% (E(19.29b)/V(20.15b) * Re(10.32%) + (debt cost/tax rate unavailable))
Discount Rate = 10.32% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.05%
[DCF] Terminal Value 72.75% ; FCFF base≈1.77b ; Y1≈1.87b ; Y5≈2.19b
[DCF] Fair Price = 141.1 (EV 28.20b - Net Debt -2.52b = Equity 30.71b / Shares 217.6m; r=9.88% [WACC]; 5y FCF grow 5.73% → 3.0% )
EPS Correlation: 51.18 | EPS CAGR: -1.88% | SUE: -0.10 | # QB: 0
Revenue Correlation: 68.05 | Revenue CAGR: 1.00% | SUE: -2.30 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.52 | Chg7d=-0.014 | Chg30d=-0.036 | Revisions Net=-1 | Analysts=9
EPS current Year (2026-12-31): EPS=10.07 | Chg7d=-0.037 | Chg30d=-0.048 | Revisions Net=-1 | Growth EPS=+3.6% | Growth Revenue=+4.0%
EPS next Year (2027-12-31): EPS=10.19 | Chg7d=-0.032 | Chg30d=-0.046 | Revisions Net=-2 | Growth EPS=+1.2% | Growth Revenue=+2.1%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -0.1% (Discount Rate 10.3% - Earnings Yield 10.4%)
[Growth] Growth Spread = +7.8% (Analyst 7.7% - Implied -0.1%)
Additional Sources for TROW Stock Fund Manager Positions: Dataroma · Stockcircle