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TROW

S&P 500
Strong · 72/100

T. Rowe Price

Financials
Asset Management & Custody Banks

$107.99

0.3%

Updated Today 6:01 PM ET

Price — Past Year

▲ Up 16.8% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$23.07B

P/E

11.02x

Forward P/E (est.)

10.43x

ROE

19.5%

Revenue Growth

4.2%

EPS Growth

5.7%

Profit Margin

28.3%

FCF Yield

8.2%

Debt / Equity

0x

ROIC

16.0%

Interest Coverage

Current Ratio

Dividend Yield

4.8%

Implied Growth (rev. DCF)

2.4%

Rating Score

72/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TROW's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TROW trades near $107.99, above its 50-day average ($102.22) and 200-day average ($100.99). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 67 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. TROW's is $2.43 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month TROW found buyers near $100.50 (support) and sellers near $110.85 (resistance); its 52-week range is $85.22–$118.22. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 1.2× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

T. Rowe Price (TROW) is a large-cap company in the Asset Management & Custody Banks industry, part of the Financials sector of the S&P 500, with a market value around $23.07B.

In its latest reported year it generated about $7.31B in revenue and $2.09B in net profit.

Our model rates TROW Strong (72/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

-1.2%

Revenue moved from $7.67B in 2021 to $7.31B in 2025, a -1.2% compound annual growth rate. The most recent year was roughly flat (4.2%) year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

99.8%

Operating Margin

29.9%

Net Margin

28.5%

ROE

19.5%

T. Rowe Price keeps about 28.3% of each sales dollar as net profit, with a 99.8% gross margin and 29.9% operating margin. Return on equity is 19.5% and return on invested capital about 16.0%. Margins this wide usually signal pricing power or a cost advantage.

Debt Analysis
Research

Total Debt

Net Debt

Net Debt / EBITDA

Debt / Equity

0x

Leverage: debt-to-equity is 0.0x. That is a conservative balance sheet — a cushion in downturns.

Cash Flow Analysis
Research

Operating CF

$1.75B

Free Cash Flow

$1.48B

FCF Margin

20.2%

In the latest year T. Rowe Price produced about $1.75B of operating cash flow and $1.48B of free cash flow after capital spending. That is a free-cash-flow yield of about 8.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.

Valuation Analysis
Research

P/E

11.02x

P/S

3.19x

P/B

2.03x

EV / EBITDA

TROW trades at 11.0x trailing earnings (about 10.4x on estimated forward earnings), 3.2x sales, and 2.0x book value. Reverse-engineering today's price implies the market expects roughly 2.4% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
11.0xCheap
Forward P/E
10.4xCheap
P/S ratio
3.2xExpensive
Revenue growth
4.2%Weak
EPS growth
5.7%Weak
Gross margin
99.8%Strong
Net margin
28.3%Strong
ROE
19.5%Strong

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How TROW stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.

In the Financials sector (76 S&P 500 companies), TROW ranks #18 of 76 by our overall rating. It trades at a discount versus the sector on earnings (11x P/E vs. 15.2x median) with a higher return on equity (19.5% vs. 15.3%) and slower revenue growth (4.2% vs. 9.1%).

P/E vs sector

11x

median 15.2x

ROE vs sector

19.5%

median 15.3%

Growth vs sector

4.2%

median 9.1%

Sector rank

#18

of 76 by rating

CompanyP/ERev Gr.Rating
TROWThis stock11x4.2%Strong· 72
ARES46.1x38.5%Neutral· 55
BEN23.4x3.8%Neutral· 56
NTRS17x-2.7%Neutral· 42
AMP10.5x6.8%Favorable· 65
IVZ-19.1%Weak· 21
STT15.3x181.2%Favorable· 69
APO68.1x26.2%Weak· 40
Financials median15.2x9.1%65/100

Valuation vs. quality map

sector medianARESBENNTRSAMPSTTAPOTROWP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$84.32$132.50

vs. $107.99 today · expected CAGR -5%4%

Metric20262027202820292030
Revenue$7.61B$7.91B$8.23B$8.56B$8.90B
Net income$2.21B$2.29B$2.39B$2.48B$2.58B
EPS$10.30$10.71$11.14$11.58$12.05
Share price (low)$72.07$74.96$77.96$81.07$84.32
Share price (high)$113.26$117.79$122.50$127.40$132.50
CAGR (low–high)-33% / 5%-17% / 4%-10% / 4%-7% / 4%-5% / 4%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for TROW:

  • High net margins (28.3%) point to pricing power or efficiency.
  • Strong return on equity (19.5%) shows capital is put to work well.
  • Healthy free-cash-flow yield (~8.2%) funds buybacks and dividends.
  • A conservative balance sheet (debt/equity 0.0x) lowers risk.
  • Pays a 4.8% dividend on top of any price gains.
  • Our model's overall read is Strong (72/100).
Bear Case

The case against TROW:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the fundamentals screen favourably: T. Rowe Price is a large-cap financials business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 11.0x earnings, which our model scores Strong (72/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.