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T. Rowe Price Group, Inc. — Intrinsic Value & Fair Price

TROW
NASDAQFinancial ServicesAsset ManagementCIK 0001113169troweprice.comAbout TROW
Last close · Oct 16, 2026100.97−0.40 (−0.39%)
Market cap$21.5B
Model value · P/E · peers
158.03
T. Rowe Price closed at $100.97 — undervalued by 36% vs model.
115.61the model's range245.44

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
69.47 – 117.72
Wall St. target
109.00 7% below
Below model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $100.97 · as of Oct 17, 2026

P/E · peers leads for a financial company. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
5.12%
#24 · Highest dividend yield
Past 2 years
low 3.96%high 6.22%
Dividends per share, a year at a time
$6.24Sep ’21$4.68Sep ’22$4.86Sep ’23$4.94Sep ’24$5.05Sep ’25$5.17TTM
Dividends / earnings, FY2025
54.8%
Raised
38 years in a row
Growth, 5 yrs
-3.7% a year
Last change
+2.4% · Mar 2026
Every payment, with ex-dates · latest $1.30, paid Sep 29, 2026

Research on TROW

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How it is valued

Valued asFinancial
Low/slowing growth (~6% recent)High profitability (29% net margin)Strong dividend yieldHighly cyclical earningsStrong FCF yield (6.9%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
10.9×
Price / book
1.9×
Return on equity
19.2%
Dividend yield, TTM
5.12%
Net margin
28.5%
Debt / equity
0.1
Full financials

Analyst actions

third-party, quoted
10-09Evercore ISI · target109.00
10-07UBS · target107.00
09-25Morgan Stanley · target110.00
04-11Keefe, Bruyette & Woods · “Market Perform” from “Underperform”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists TROW as a comparable

The weekly

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About T. Rowe Price

T. Rowe Price Group, Inc. operates as a publicly traded entity specializing in investment management. The firm extends its financial expertise to a diverse range of clients, including individual investors, institutional organizations, retirement benefit plans, and financial intermediaries. It is responsible for the establishment and ongoing management of both equity and fixed income mutual funds. The company's investment activities encompass public stock and bond markets worldwide. Employing a bottom-up methodology, the firm integrates both fundamental and quantitative analysis, leveraging insights from both internal research capabilities and external sources for its investment decisions. A core tenet of its investment philosophy is socially responsible investing, with a significant emphasis on environmental, social, and governance (ESG) factors. Furthermore, T. Rowe Price engages in late-stage venture capital transactions, typically committing between $3 million and $5 million per investment. Historically, the firm was known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. Established in 1937, its global headquarters are situated in Baltimore, Maryland. The firm maintains a substantial international presence, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany; Madrid, Spain; Milan, Italy; Stockholm, Sweden; Melbourne, Australia; and Amsterdam, Netherlands.

CEO
Robert W. Sharps
Headquarters
Baltimore, MD
Employees
7,544
IPO
1986-04-02
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.