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 24,527 - -
Change - -45.93% -1.25% 4.4% -11.07% 9.77% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 20,423 19,591 18,529
Change - -48.07% -2.73% 2.16% -15.61% 7.69% -4.07% -5.42%
P/E 15x 16.3x 13.9x 12.4x 11.1x 11x 10.5x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.43x 2.17x 1.81x
PEG - -0.3x 0.9x 0.7x 11.29x 0.8x 2.32x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.16x 3.09x 3.14x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.63x 2.46x 2.37x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.51x 5.95x 5.78x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.22x 6.87x 7.09x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.172 5.257 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.5% 4.57% 4.71%
EPS 2 13.12 6.7 7.76 9.15 9.24 10.49 10.96 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 49.3% 47.9% -
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,752 7,949 7,815
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,137 3,294 3,206
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,829 2,852 2,615
Net income 1 3,002 1,522 1,744 2,044 2,036 2,249 2,308 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,104 -4,936 -5,998
Reference price 2 196.64 109.06 107.69 113.09 102.38 114.98 114.98 114.98
Nbr of stocks (in thousands) 2,29,198 2,23,465 2,23,470 2,22,159 2,18,237 2,13,316 - -
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.($)
20.95x5.88x12.6x2.03% 18TCr
15.09x3.67x - 2.33% 16TCr
17.02x7.53x - 1.47% 11TCr
28.19x13.21x22.7x3.83% 8.31TCr
13.84x5.3x - 1.89% 5.09TCr
12.28x1.87x5.73x1.2% 4.89TCr
5.68x5.59x4.87x3.27% 3.89TCr
14.32x5.23x16.31x1.84% 3.34TCr
Average 15.92x 6.03x 12.44x 2.23% 8.76TCr
Weighted average by Cap. 17.55x 6.11x 13.46x 2.22%

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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