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 24,213 - -
Change - -45.93% -1.25% 4.4% -11.07% 8.37% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 20,202 19,029 18,216
Change - -48.07% -2.73% 2.16% -15.61% 6.53% -5.81% -4.27%
P/E 15x 16.3x 13.9x 12.4x 11.1x 11.1x 10.5x -
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.69x 2.22x 1.78x
PEG - -0.3x 0.9x 0.7x 11.29x 1x 1.88x -
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.12x 3.05x 3.1x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.61x 2.39x 2.33x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.69x 5.74x 5.68x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 7.01x 6.77x 6.97x
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% 4.57% 4.64% 4.77%
EPS 2 13.12 6.7 7.76 9.15 9.24 10.22 10.79 -
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 50.7% 48.9% -
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 3,020 3,313 3,206
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,883 2,812 2,615
Net income 1 3,002 1,522 1,744 2,044 2,036 2,216 2,318 -
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,011 -5,184 -5,998
Reference price 2 196.64 109.06 107.69 113.09 102.38 113.51 113.51 113.51
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.87x5.85x12.55x2.03% 17TCr
14.79x3.6x - 2.37% 16TCr
16.97x7.51x - 1.48% 11TCr
26.19x12.24x21.03x4.12% 7.71TCr
13.78x5.29x - 1.91% 5.05TCr
12.24x1.86x5.71x1.2% 4.88TCr
5.64x5.56x4.84x3.29% 3.86TCr
14.33x5.31x16.55x1.84% 3.33TCr
Average 15.60x 5.90x 12.14x 2.28% 8.62TCr
Weighted average by Cap. 17.15x 5.93x 12.97x 2.25%

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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