The historical rank and industry rank for T. Rowe Price Group's PB Ratio or its related term are showing as below:
TROW'
s PB Ratio Range Over the Past 10 Years
Min: 2.1 Med: 3.97 Max: 6.4
Current: 2.66
During the past 13 years, T. Rowe Price Group's highest PB Ratio was 6.40. The lowest was 2.10. And the median was 3.97.
TROW's PB Ratio is ranked worse than 89.66% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs TROW: 2.66
During the past 12 months, T. Rowe Price Group's average Book Value Per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of T. Rowe Price Group was 45.50% per year. The lowest was 3.60% per year. And the median was 15.20% per year.
Back to Basics: PB Ratio
T. Rowe Price Group PB Ratio Historical Data
The historical data trend for T. Rowe Price Group's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of T. Rowe Price Group's PB Ratio
For the Asset Management subindustry, T. Rowe Price Group's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
T. Rowe Price Group's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's PB Ratio falls into.
T. Rowe Price Group PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
T. Rowe Price Group (NAS:TROW) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
T. Rowe Price Group PB Ratio Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
T. Rowe Price Group (T. Rowe Price Group) Business Description
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
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