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 22,785 - -
Change - -45.93% -1.25% 4.4% -11.07% 1.98% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 18,507 17,637 16,919
Change - -48.07% -2.73% 2.16% -15.61% -2.42% -4.7% -4.07%
P/E 15x 16.3x 13.9x 12.4x 11.1x 12x 11.3x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.2x 2.08x 1.64x
PEG - -0.3x 0.9x 0.7x 11.29x -3.17x 1.97x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 2.98x 2.92x 2.84x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.42x 2.26x 2.11x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.18x 5.79x 5.54x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 6.81x 6.55x 6.33x
EV / FCF 13.6x - 24.1x 17.8x - 9.82x 8.5x 9.93x
FCF Yield 7.38% - 4.14% 5.62% - 10.2% 11.8% 10.1%
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.2 5.076 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.89% 4.77% 5.09%
EPS 2 13.12 6.7 7.76 9.15 9.24 8.89 9.4 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 58.5% 54% -
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,648 7,805 8,023
EBITDA 1 3,915 2,726 2,518 2,940 3,127 2,995 3,048 3,056
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,718 2,691 2,671
Net income 1 3,002 1,522 1,744 2,044 2,036 1,928 2,020 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,278 -5,148 -5,867
Reference price 2 196.64 109.06 107.69 113.09 102.38 106.34 106.34 106.34
Nbr of stocks (in thousands) 229,198 223,465 223,470 222,159 218,237 214,267 - -
Announcement Date 27/01/22 26/01/23 08/02/24 05/02/25 04/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.71x5.28x11.63x2.34% 151B
15.17x3.5x - 2.38% 153B
16.49x7.31x - 1.54% 99.82B
23.28x11.35x16.31x4.45% 71.29B
13.77x5.2x - 2.04% 46.91B
10.68x1.51x4.73x1.47% 40.75B
15.36x5.27x16.61x1.86% 32.56B
4.73x4.79x4.78x3.74% 33.82B
Average 14.90x 5.53x 10.81x 2.48% 78.66B
Weighted average by Cap. 16.44x 5.58x 11.58x 2.43%

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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