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 24,630 - -
Change - -45.93% -1.25% 4.4% -11.07% 10.24% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 20,343 19,410 18,543
Change - -48.07% -2.73% 2.16% -15.61% 7.26% -4.58% -4.47%
P/E 15x 16.3x 13.9x 12.4x 11.1x 11.2x 10.4x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.37x 2.25x 1.77x
PEG - -0.3x 0.9x 0.7x 11.29x 1.1x 1.33x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.14x 3.04x 3.04x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.6x 2.39x 2.29x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.43x 5.78x 5.65x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.13x 6.64x 6.78x
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% 4.51% 4.59% 4.71%
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 7,835 8,107 8,113
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,164 3,358 3,282
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,855 2,925 2,736
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 -4,287 -5,220 -6,087
Reference price 2 196.64 109.06 107.69 113.09 102.38 114.95 114.95 114.95
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.($)
19.57x5.48x11.75x2.17% 164B
15.54x3.63x - 2.31% 164B
17.43x7.64x - 1.44% 109B
25.15x11.73x20.16x4.28% 74.1B
13.89x5.31x - 1.89% 50.89B
12.06x1.82x5.72x1.27% 47.36B
4.79x4.8x4.84x3.7% 34.25B
14.18x5.38x17.47x1.88% 33.06B
Average 15.32x 5.72x 11.99x 2.37% 84.49B
Weighted average by Cap. 16.89x 5.76x 12.57x 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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