T. Rowe Price Group (TROW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

T. Rowe Price Group

NasdaqGS•Financial Services•Asset Management

$106.23+0.38(<0.01%)After hours

Market Cap

$22.54B

P/E

10.3x

P/S

2.9x

P/B

2.0x

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. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in North America, Europe, Asia, Australia.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability25/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsHigh ROEInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.3x5y range 9.2x – 17.5x

Currently near its 20-quarter median.

P/S · 2.9x5y range 2.6x – 5.8x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.8x – 4.9x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $22.54B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.70B
Q. Revenue: $2.00B
TTM EBITDA: $2.85B
TTM Op. Income: $2.46B
Q. Op. Income: $769.80M
TTM Net Income: $2.19B
Q. Net Income: $612.30M
EPS: $2.79
Shares Out.: $213.30M

$7.70B in TTM revenue grew 6.9% YoY, reaching $2.00B last quarter. TTM EBITDA of $2.85B and TTM operating income of $2.46B show growth is flowing through to the bottom line. TTM net income of $2.19B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 39.1%
Op. Margin: 38.4%
Net Margin: 30.5%

Op. margin of 38.4% is up 4.4% YoY — cost efficiency is improving. Net margin at 30.5% Over the past year, operating margin is up 13% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.3x
P/S Ratio: 2.9x
P/B Ratio: 2.0x

At 10.3x P/E, the stock trades below typical market levels. P/S of 2.9x and P/B of 2.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 6% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.15B
Cash: $3.77B
Long-Term Debt: N/A
Book Value: $11.37B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $543.30M
TTM Free Cash Flow: $1.60B
FCF Margin: 20.7%
FCF / Net Income: 0.7

TTM FCF of $1.60B on $543.30M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.