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 25,581 - -
Change - -45.93% -1.25% 4.4% -11.07% 14.49% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 21,299 20,397 19,583
Change - -48.07% -2.73% 2.16% -15.61% 12.31% -4.24% -3.99%
P/E 15x 16.3x 13.9x 12.4x 11.1x 11.7x 10.8x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.47x 2.35x 1.87x
PEG - -0.3x 0.9x 0.7x 11.29x 1.1x 1.38x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.27x 3.16x 3.19x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.72x 2.52x 2.44x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.75x 6.1x 6.11x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.47x 7.01x 7.29x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.183 5.272 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.35% 4.42% 4.54%
EPS 2 13.12 6.7 7.76 9.15 9.24 10.22 11.02 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 50.7% 47.8% -
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,823 8,083 8,021
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,158 3,342 3,206
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,850 2,911 2,687
Net income 1 3,002 1,522 1,744 2,044 2,036 2,216 2,345 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,282 -5,184 -5,998
Reference price 2 196.64 109.06 107.69 113.09 102.38 119.28 119.28 119.28
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.($)
19.99x5.6x12.01x2.12% 167B
15.54x3.65x - 2.35% 162B
16.57x7.4x - 1.51% 103B
25.59x11.94x20.53x4.21% 75.39B
13.2x5.15x - 1.99% 48.36B
11.98x1.81x5.55x1.23% 47.76B
5.7x5.61x4.89x3.26% 38.56B
13.97x5.22x16.27x1.89% 32.5B
Average 15.32x 5.80x 11.85x 2.32% 84.42B
Weighted average by Cap. 16.87x 5.80x 12.56x 2.3%

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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